Solana (SOL) | ForkLog

ForkLog 11 11.04.2024

Half of Solana Pre-Sales Deemed Fraudulent

Approximately 50% of projects on the Solana network that employed token distribution through pre-sales have been found to be fraudulent, according to a CoinDesk report citing Blockaid. Malefactors utilised social engineering tactics on Telegram, X, and Discord to deceive users into interacting with malicious smart contracts or websites, experts noted. “[Criminals] focus on both meme […]

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ForkLog 13 10.04.2024

Zeta Markets to Distribute 100 Million Tokens on Solana

The Solana-based decentralized crypto derivatives exchange, Zeta Markets, is set to conduct an airdrop of 100 million governance tokens, Z. We’re proud to introduce $Z — the future of decentralized trading.$Z powers the governance and protocol growth of Zeta Markets, @solana‘s fastest perpetuals exchange, which has facilitated +$4B in trading volume serving 71.6k monthly active […]

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ForkLog 9 09.04.2024

Solana Leads the Charge in Blockchain Payments, Says Bernstein

Amid rising market liquidity, improved investor sentiment, and stablecoin dynamics, the Solana network has “taken the lead” in the push for blockchain payments, reports The Block, citing a report by Bernstein analysts. “A major shift in this cycle is Solana’s dominant market share (43%) in terms of stablecoin transfer value, compared to the previous rally’s […]

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ForkLog 12 08.04.2024

FTX Investors Outraged by Discounted $1.9 Billion SOL Sale

FTX creditors have expressed strong disapproval over the sale of Solana (SOL) tokens, valued at approximately $1.9 billion, by the bankrupt exchange at a 62% discount. According to Bloomberg, FTX administrators sold about two-thirds of the company’s SOL reserves, worth $2.6 billion. Sources revealed that 25-30 million tokens were sold at $64 each, while the […]

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ForkLog 8 08.04.2024

Solana Developers Address Network Congestion Challenges

Developers at Solana are seeking solutions to tackle network congestion, though this will take time, according to Solana Labs co-founder Anatoly Yakovenko. dealing with congestion bugs sucks so much more than total liveness failure. the latter is one and done, bug is identified and patched and chain continues. the former has to go through the […]

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ForkLog 17 05.04.2024

Bitcoin Resilience, Uniswap’s $2 Trillion Milestone, and Solana’s Ongoing Woes: A Market Overview

Bitcoin shows resilience amid bearish selling, while Solana faces transaction processing difficulties. ForkLog compiles the latest news and expert opinions on the market situation. Bitcoin’s Strength The leading cryptocurrency holds steady at $66,000-$67,000 despite trader pressure. Sellers have failed to trigger a classic bull market correction in this cycle, according to analyst Checkmate. Still my […]

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ForkLog 16 05.04.2024

Trader Nets $1 Million in a Day from EPIK Meme Token

A trader multiplied their investment by 195 times with a meme token on the Solana blockchain, as noted by analysts at Lookonchain. In just 1 day, this guy made 5,906.4 $SOL($1.03M) with only 30.3 $SOL($5.3K) on #Solana, a gain of 195x. He spent 30.3 $SOL($5.3K) to buy 261.27M $EPIK and sold 231.27M $EPIK for 5,936.7 […]

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ForkLog 13 03.04.2024

URF Meme Token Developers Execute $450,000 Rug Pull

The team behind the meme coin URF vanished with 2400 SOL (~$450,000) collected during the token’s presale, as reported by on-chain researcher ZachXBT. Influencer @BryceHall made multiple posts promoting a sketchy Solana presale for a meme coin called URF helping them raise ~2400 SOL ($450k). The team disappeared less than 24 hrs after launch and […]

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ForkLog 18 03.04.2024

$25 Million in stSOL Trapped in Lido’s ‘Broken’ Smart Contract

Approximately $25 million in stSOL has been inadvertently locked in a Lido Finance smart contract on the Solana network, causing concern among some users about the security of their funds. the solana channel of the lido discord is a mess stSOL holders trying to unstake completely lost and abandoned, CLI tooling broken. there is over […]

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ForkLog 14 26.03.2024

Trader Nets $8.9 Million in Two Hours with MEW Token

An unidentified user transformed $35,000 into $8.9 million in under two hours using the cat in a dogs world (MEW) token. Analysts at Lookonchain highlighted this remarkable feat. Crazy! ? This guy turned $35K into $8.9M in less than 2 hours! He spent 178.2 $SOL($35K) to buy 4.41B $MEW ~2 hours ago. And the 4.41B […]

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ForkLog 18 26.03.2024

Parody Meme Token BODEN’s Market Cap Surpasses $200 Million

The market capitalization of the meme cryptocurrency Jeo Boden (BODEN), which parodies U.S. President Joe Biden, on the Solana network has reached $220 million, according to GeckoTerminal data. Hourly chart of BODEN/USD on Raydium exchange. Data: GeckoTerminal. Launched on March 9, the coin is available exclusively on the decentralized Solana exchange Raydium and is not […]

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ForkLog 12 22.03.2024

Solana Predicted to Surpass Ethereum in Number of Dapps

Solana is expected to overtake Ethereum in the number of consumer decentralized applications (dapps). This forecast was made by Matty Taylor, co-founder of Colosseum and former head of growth at the Solana Foundation, in an interview with Cointelegraph. “Solana will continue to outperform Ethereum in terms of network performance for creating fast and user-friendly Web3 […]

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