Solana-based decentralized exchange Meteora is facing a class-action lawsuit over pump-and-dump claims surrounding the M3M3 meme coin launch. The complaint alleges this led to losses of at least $69 million between December 2024 and February 2025. Rug Pull Allegations In the April 21 filing with the U.S. District Court for the Southern District of New…
A mysterious Solana (SOL) whale has sparked market speculation after unstaking 100,000 SOL worth approximately $13.9 million and depositing it into Binance. The transaction, tracked by blockchain analytics platform Lookonchain, comes after four years of patient staking, with the deep-pocketed investor originally accumulating 991,079 SOL at an average price of $27. Whale Moves With Solana…
The US Securities and Exchange Commission (SEC) is preparing to tackle a significant influx of cryptocurrency-related exchange-traded fund (ETF) applications. Currently, 72 such proposals are awaiting approval, ranging from funds that track major assets like Solana (SOL), and Dogecoin (DOGE) to more speculative options tied to meme coins and tokens such as the Bonk (BONK),…
Crypto research firm Galaxy Research has introduced a proposal that aims to reform how future decisions are made about Solana’s token inflation rate. The latest move follows a failed attempt to reach consensus in a previous governance vote. The earlier vote – SIMD-228 – had sparked strong community engagement and broad agreement on the need…
Solana noted some achievements in the past few days, whereas its native token experienced a substantial resurgence. In the following lines, we will touch upon these topics in detail. SOL ETFs to go live in Canada Earlier this week, Eric Balchunas (Senior ETF analyst at Bloomberg) revealed that the Ontario Securities Commission (OSC) approved several…
For the third week in a row, digital asset investment products saw significant outflows, which amounted to $795 million, as the impact of the tariff issues continues to weigh on the sector. This has led to a record $7.2 billion in outflows since February, nearly wiping out all YTD inflows and leaving only $165 million….
The team behind Infected, a speculative pandemic-simulation game that recently gained viral traction, announced its decision to migrate from Ethereum’s Layer-2 network Base to the Solana blockchain. The announcement was made via the game’s official X account. It cited Base’s inability to handle transaction volume during the game’s launch and broader concerns about the scalability…
The crypto market is navigating turbulent waters as it attempts to rebound from the shockwaves caused by President Donald Trump’s newly imposed global tariffs. While traditional markets initially saw investors fleeing to gold and silver, pushing the former to a record $3,168, digital assets are now showing slight signs of recovery, with Solana (SOL), Ethereum…
“Many whales unstaked and dumped SOL today,” reported blockchain analytics platform Lookonchain on April 4. It highlighted four transactions of over $3 million worth of the Solana native token, the largest of which was a whopping 258,646 SOL worth around $30 million. The Solana selloff has been a result of the meme coin bubble bursting…
The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop’s $1.3 billion Bitcoin (BTC) play and BlackRock’s recent expansion onto the blockchain. This surge in institutional interest has fueled overwhelmingly positive sentiment toward Solana, with Santiment reporting a near-record high 18:1 positive-to-negative sentiment ratio. Institutional Backing Boosts Solana’s Appeal…
