Solana (SOL) | ForkLog

ForkLog 26 14.05.2024

The Roaring Kitty’s Return Sparks AMC and GameStop Stock Rally

Shares of GME and AMC more than doubled over two trading days following the reactivation of analyst The Roaring Kitty’s X account. In cryptocurrencies, a wave of hype unfolded around meme tokens on Solana associated with the expert. On May 13, shares of GME and AMC surged by 74.4% and 78.4% respectively. The market reacted […]

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ForkLog 71 03.05.2024

Jito Emerges as Solana’s Leading Protocol with $1.4 Billion TVL

TVL of the liquid staking platform Jito Network (JTO) on Solana has reached $1.42 billion, making it the largest protocol in the network. TVL Jito. Data: DeFi Llama. According to the team, the amount of coins locked in the protocol has exceeded 10 million SOL. Jito just passed 10M $SOL staked and is now the […]

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ForkLog 13 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 14 30.04.2024

FTX Conducts Another Solana Sale Below Market Value

FTX administrators have completed the second phase of Solana (SOL) token sales at approximately $100, reports The Block.

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ForkLog 89 26.04.2024

Pantera Capital Acquires SOL Tokens at FTX Auction

Pantera Capital emerged as the winner in an auction organized by the management of the bankrupt FTX for the sale of Solana (SOL) tokens, according to sources cited by Bloomberg. Other unnamed participants also acquired assets. The organizers distributed 2000 SOL, valued at $0.29 million. The tokens were sold at a higher price than the […]

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ForkLog 46 26.04.2024

Airdrop of Meme Tokens Offsets Cost of Solana’s Web3 Smartphone Preorder

Customers who preordered the Saga Chapter 2 Web3 smartphone from Solana Mobile found their purchase costs offset by the distribution of two meme tokens. Source: X. In April, cat-themed projects — Cat in a dog’s world (MEW) and Maneki (MANEKI) — distributed an airdrop to owners of the yet-to-be-released device. On April 1, the MEW […]

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ForkLog 25 22.04.2024

Twelve Solana Presale Tokens Abandoned Within a Month

At least 12 presale meme coins on the Solana network, which collectively raised $26.7 million, were abandoned a month after their launch, according to on-chain investigator ZachXBT. Only 1 month has passed and 12 of the Solana presale meme coins have been completely abandoned after raising >180,650 SOL ($26.7M). Would avoid any future projects launched […]

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ForkLog 13 22.04.2024

FTX to Auction Next Batch of Locked SOL Amid Creditor Criticism

FTX management plans to auction another batch of Solana (SOL) held by the bankrupt exchange following criticism from creditors. This was announced by Figure Markets CEO Mike Cagney. Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want […]

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ForkLog 11 17.04.2024

Parcl Protocol on Solana Sees 40% TVL Drop Amid Airdrop

Following the snapshot on April 3, users withdrew over 40% of locked funds from the real estate market betting platform Parcl, according to DeFi Llama data. Data: DeFi Llama. The “snapshot” was intended for an airdrop, which occurred on April 15. However, during its execution, the TVL of the Solana-based project plummeted from $185.6 million […]

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ForkLog 9 16.04.2024

Solana-Based DEX Drift to Launch Governance Token and Conduct Airdrop

The decentralized exchange (DEX) on Solana, Drift, has announced the launch of its governance token, DRIFT. Introducing $DRIFT — the Drift Governance Token. DRIFT is the governance token of Drift Protocol, the largest open-sourced perpetual futures exchange built on Solana. pic.twitter.com/BGTBANpThH — Drift Foundation (@DriftFDN) April 16, 2024 The total supply will be 1 billion […]

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ForkLog 8 15.04.2024

Ethereum Funds Experience Fifth Consecutive Week of Outflows

Cryptocurrency investment products saw an outflow of $126 million from April 6 to April 12, including $28.7 million from Ethereum funds, according to analysts at CoinShares. In the previous two weeks, there was a combined inflow of $646 million and $862 million. Experts attributed the trend reversal to “market participants’ uncertainty” amid a pause in […]

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ForkLog 17 15.04.2024

Solana Team Releases Update to Address Network Congestion

Developers at Solana have updated their software in an effort to combat blockchain congestion, which has been causing transaction delays. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. — Solana Status (@SolanaStatus) April 15, 2024 “The […]

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