SOLANA (SOL) Price, Analysis, Predictions, and Calculator

According to Michaël van de Poppe, the current cryptocurrency cycle may mirror the 2017 cycle, with substantial potential for price increases. He forecasts Bitcoin (BTC) reaching $300,000 to $500,000, Ethereum (ETH) climbing to $15,000 to $25,000, Solana (SOL) hitting $1,500 to $2,500, and Chainlink (LINK) achieving $250 to $300. This optimistic outlook suggests a strong bullish trend ahead.

According to 0xKingsKuan, Justin Sun's three key projects, TRX, HTX, and SUN, are positioned for significant growth. TRON (TRX) has outperformed Ethereum in public chain revenue over the past seven days, suggesting a potential growth of 19 times compared to Ethereum. HTX is undergoing reforms that could lead to a new phase of development, with potential growth of 43 times compared to Binance Coin (BNB). Lastly, SUN is highlighted as a dark horse with a potential growth of 441 times compared to Solana. These developments indicate that Justin Sun's trio is just beginning its journey.

According to @ai_9684xtpa, they interchangeably use Solscan and SolanaFM for exploring the Solana blockchain, but neither platform performs exceptionally well in their opinion.

According to Wise Advice Sumit, Tron has emerged as the top revenue generator in the cryptocurrency market over the last seven days. Despite competition from Ethereum, Solana, and Base, Tron has outperformed these platforms in revenue generation. This success is attributed to the strategic revival efforts by Justin Sun, the founder of Tron.

According to PeckShieldAlert, an address associated with FTX/Alameda has recently unstaked a total of 181,200 SOL, approximately valued at $41.5 million, from Solana's proof-of-stake mechanism. This activity occurred within the last nine hours. There is speculation that these funds might be transferred to centralized exchanges (CEXs), which could impact the market dynamics for SOL.

According to EmberCN, the entity known as pump.fun has recently transferred 109,587 SOL, valued at $24.36 million, to Kraken. This suggests that the volume or frequency of SOL sales by pump.fun might decrease in the near future. The reasons include that most of their SOL holdings have been sold over the past few months, leaving only about 100,000 JITOSOL valued at $25.85 million. Additionally, the enthusiasm for trading meme coins on the Solana blockchain has diminished.

According to Lookonchain, over the past week, Ethereum's Total Value Locked (TVL) has seen an increase of $7.79 billion. Similarly, Tron's TVL grew by $900.23 million, and Solana's TVL rose by $618.4 million. This indicates a positive trend in the decentralized finance space for these platforms, suggesting increased investor confidence and activity.

According to Lookonchain, DWF Labs has made a significant financial move by transferring a $500,000 charity grant to BARSIK, a project associated with Solana. This transaction could potentially impact the market perception of both DWF Labs and BARSIK, highlighting DWF Labs' commitment to supporting projects within the Solana ecosystem.

According to Lookonchain, DWF Labs has transferred a $500,000 charity grant to BARSIK, a project associated with the Solana blockchain. This substantial financial support could potentially influence BARSIK's development and adoption within the Solana ecosystem, making it a point of interest for traders observing Solana-based projects.

According to GreeksLive, the cryptocurrency market experienced a significant meme-driven frenzy, particularly affecting Solana (SOL). Both Bitcoin (BTC) and Solana (SOL) outperformed other cryptocurrencies this week. BTC continues to serve as the primary entry point for traditional financial institutions into the crypto space, while SOL is highlighted as a key vehicle for market gains during this period.

According to GreeksLive, the cryptocurrency market witnessed a significant surge this week, driven by a frenzy surrounding the Sol meme. Bitcoin (BTC) and Solana (SOL) were the standout performers, with BTC serving as a primary entry point for traditional financial institutions into the crypto space, while SOL emerged as a key player in the market.

According to CCData_io, Wall Street's wealth management clients are significantly accumulating spot Bitcoin ETFs, indicating growing institutional interest in Bitcoin. Meanwhile, Solana's decentralized applications (DApps) have experienced a record surge in revenue, reflecting increased user engagement and activity on the Solana network. Additionally, short interest in Bitcoin miners has reached an all-time high, suggesting bearish sentiment or hedging strategies among traders. Furthermore, 26% of cryptocurrency exchanges reportedly lack Know Your Customer (KYC) requirements, highlighting potential regulatory and security concerns within the crypto exchange landscape.

According to Ai 姨, Binance has launched its 20th memecoin of the year, $BAN. The distribution is updated as follows: Solana accounts for 60% of the network distribution, while Ethereum holds 20%. All tokens have surpassed a market capitalization of $100 million, with 35% exceeding $1 billion. The spot trading accounts for 35% of the total. Only one project has seen a decline since its launch. The memecoin category for November has diversified beyond the typical 'zoo' themes.

According to Ai 姨, Binance has listed its 20th memecoin this year, $BAN. The current distribution of $BAN is as follows: Solana holds 60% of the network distribution, while Ethereum holds 20%. In terms of market capitalization, all memecoins have exceeded $100 million, with 35% surpassing $1 billion. Spot trading accounts for 35% of the total trading volume. Only one project has seen a decline in value post-listing. Notably, the memecoin category has diversified beyond the typical 'zoo' theme since November.

According to CryptoMichNL, Bitcoin is currently consolidating its position, while Solana (SOL) has reached a new high. This market behavior suggests that the long-anticipated bull cycle might be imminent. Additionally, altcoins have performed well over the weekend, indicating a positive market sentiment.

According to CryptoMichNL, Bitcoin is currently in a phase of consolidation, while Solana (SOL) has reached a new high. This suggests that the market might be on the brink of entering a long-anticipated bull cycle. Additionally, altcoins have experienced a strong performance over the weekend, further supporting the bullish sentiment.

According to OnchainDataNerd, the recent memecoin season on Solana ($SOL) has led to substantial profits for some traders. A trader identified as DNfuF swapped $13,500 for 13.7 million $ZEREBRO tokens on October 29th and 30th. Subsequently, the trader sold 6.1 million tokens for $311,000, realizing a profit of $297,000. Currently, DNfuF still holds 7.07 million $ZEREBRO tokens, valued at approximately $2.29 million.

According to Ai 姨, Molecule DAO, a DeSci platform within the Solana ecosystem, has introduced a new meme launch platform called Pump Science. This platform is described as a token-based life extension experiment prediction game. It will issue memes representing pharmaceuticals, adding a unique twist to the meme and crypto space.

According to Ai 姨, Molecule DAO, a DeSci platform within the Solana ecosystem, has introduced a new meme launch platform called Pump Science. This platform can be understood as a token-based longevity experiment prediction game, where memes representing pharmaceuticals will be issued.

According to Greeks.live, there is a noticeable interest in Solana ($SOL) call options, as indicated by their inquiry about who has been purchasing these options. This suggests that traders may be anticipating a bullish movement in the price of Solana, reflecting growing confidence or speculation on potential price increases.

According to GreeksLive, there is a notable interest in the purchase of call options for Solana ($SOL). This suggests traders are speculating on a potential price increase for Solana in the near future. Traders should monitor Solana's market movements for possible upward trends.

According to IntoTheBlock, the memecoin $GOAT achieved a market capitalization of $900 million within just two weeks of its launch. This rapid success has sparked a surge of AI-themed meme tokens, with the number of daily token launches on the Solana blockchain nearing 40,000. This trend indicates a strong interest in meme and AI-themed cryptocurrencies, presenting potential trading opportunities for investors looking to capitalize on emerging trends in the crypto market.

According to IntoTheBlock, the recent newsletter highlights the significant expansion of AI-themed memecoins within the Solana ecosystem. Additionally, the newsletter provides an analysis of Aerodrome's impressive performance as a decentralized exchange (DEX), showcasing its impact and growth in the crypto market.

According to Lookonchain, the price of Solana (SOL) has surged by 17% over the past week. Notably, in the last three days, a new wallet has withdrawn 150,011 SOL, valued at $26.25 million, from Binance and staked it. This movement could indicate growing confidence in SOL's potential, as staking often suggests a long-term investment strategy.

According to ZachXBT, there is a strong preference for sharing information openly with the Solana community. This approach empowers traders and community members to make informed decisions based on complete and transparent data. By advocating for transparency, ZachXBT emphasizes the importance of having all relevant information available to the public, which can influence trading strategies and investment decisions within the Solana ecosystem.

According to ZachXBT, a complete presentation deck has been shared in response to discussions involving Trader_CSK and SolanaKol. This document may contain detailed insights or strategies relevant to the cryptocurrency market, potentially impacting trading decisions related to Solana and other associated cryptocurrencies.

According to Lookonchain, the Pump.fun Fee Account recently sold 40,000 SOL tokens valued at $6.68 million. To date, Pump.fun has generated a total revenue of 969,945 SOL, equivalent to $162 million, and has sold 503,343 SOL, amounting to $78.7 million, at an average price of $156.4 per token. This activity could indicate a strategic move by Pump.fun in the Solana market, potentially impacting SOL's price dynamics.

According to Spot On Chain, Solana tokens are now available for real-time tracking on their platform. Traders can monitor top profit and loss (PnL), smart money movements, and fresh wallet accumulations for tokens such as $WIF, $BOME, and $TAI. The platform has detected its first signal for $TAI, associated with Tars Protocol, indicating potential trading insights for investors.

According to EmberCN, the FTX/Alameda-associated wallet H4y...gFZ recently redeemed 177,693 SOL tokens (worth $23.75 million) from Solana Proof-of-Stake staking. There is a possibility that these SOL tokens might be transferred to a centralized exchange (CEX) soon. The wallet address still has 7,057,000 SOL (worth $943 million) staked.

According to Matter Labs, Meghan Hughes has been appointed as the Chief Marketing Officer at ZKsync. With her extensive experience at Solana in product narrative, community marketing, and developer engagements, Hughes is expected to significantly boost ZKsync's adoption among various stakeholders, including founders, consumers, institutions, and governments.

According to Matter Labs, Meghan Hughes has been appointed as the new Chief Marketing Officer. With her extensive experience at Solana in product narrative, community marketing, and developer engagements, Hughes is expected to accelerate the adoption of ZKsync among founders, consumers, institutions, and governments.

According to @GreeksLive, the daily launch of celebrity coins on the Solana blockchain is now being seen as detrimental. This influx may be affecting the ecosystem negatively, possibly leading to market saturation or dilution of value.

According to Lookonchain, the Tron Network experienced a significant 46.54% increase in gas revenue in August. Binance Smart Chain (BSC) also saw a 6.63% rise in gas revenue compared to July. In contrast, Ethereum's gas revenue dropped by 33.44%, Solana's by 48.51%, and Bitcoin's by 16.85%. These shifts in gas revenue indicate varying levels of user activity and transaction volumes across different blockchain networks.

According to @lookonchain, two wallets withdrew a total of 91,424 $SOL (approximately $14.44 million) from Binance and deposited it into Kamino today. This significant movement of Solana (SOL) tokens could indicate strategic positioning or investment activities.

According to Lookonchain, a whale purchased 28,717 SOL tokens, equivalent to $4.56 million, from Binance today and subsequently staked them. This significant transaction indicates strong interest and confidence in Solana from large investors.

According to @dydxfoundation, an on-chain vote has been initiated to decide whether the dYdX community should add the RETARDIO token, associated with @retardiosolana, to the platform. The voting period ends on August 28, 2024, at 23:21 UTC. Traders should monitor this vote as the inclusion of a new token could impact trading opportunities and liquidity on dYdX.

According to @ai_9684xtpa, there is an inquiry regarding whether the Solana Foundation has a public wallet address.

According to Michaël van de Poppe, $FLOKI has surged by over 20% and $BNB is also demonstrating strong performance. This is attributed to traders following liquidity on chains other than Solana. The recent launch of $CAT on the Binance Smart Chain, which is affiliated with Floki, has significantly influenced the market, potentially initiating a strong phase for BNB.

According to @PeckShieldAlert, the X account of @luigidemeo has been compromised. Users are advised not to interact with any addresses or links posted by this account. This alert specifically mentions potential phishing risks involving AVAX and Solana.

According to Lookonchain, Circle has minted an additional 250 million USDC on the Solana blockchain just 5 hours ago. This brings the total amount of USDC minted by Circle on Solana to 4.5 billion since April 2. This significant increase in USDC supply on Solana could indicate growing demand and liquidity on the network.

According to @lookonchain, just 9 hours after Solayer Labs, a re-staking protocol on Solana, launched its mainnet, 1439 stakers have already delegated 14,570 staked SOL (worth $2.13 million) to SonicSVM for re-staking on Solayer Labs to earn additional rewards.

According to ZachXBT, the number provided by SolanaFloor is incorrect. This refutation suggests that traders should verify the accuracy of data from SolanaFloor before making trading decisions.

According to @dydxfoundation, the dYdX community has successfully voted to add the $MICHI token, associated with @michionsolana, to the dYdX Chain. This development may influence the trading volume and interest in the MICHI token on the dYdX platform.

According to RootDataLabs, RootData, a leading Web3 asset data platform, has launched the 'Solana Ecosystem Page.' This new feature is designed to efficiently and accurately showcase the development of the Solana ecosystem, aiming to expand Solana's user base and enhance the ecosystem's prosperity.

According to RootDataLabs, RootData, a leading Web3 asset data platform, has launched the 'Solana Ecosystem Page.' This new feature is dedicated to efficiently and accurately showcasing the development of the Solana ecosystem. The initiative aims to expand Solana's user base and enhance ecosystem prosperity.

According to @dydxfoundation, an on-chain vote has been created to decide whether the dYdX community should add @michionsolana's $MICHI token on the dYdX Chain. The voting period ends on August 13, 2024, at 19:45 UTC. Traders and stakeholders should consider participating in this vote as it could impact the availability and trading dynamics of $MICHI on the dYdX platform.

According to Token Terminal, the top 10 fee-generating protocols in the crypto market are led by Tron with $4.24 million, followed by Jito at $3.19 million, and Lido Finance at $2.95 million. Solana and Ethereum also feature prominently with $2.31 million and $1.41 million respectively. Other notable protocols include Uniswap, Aave, Bitcoin, BNB Chain, and PancakeSwap.

According to Lookonchain, Circle has minted an additional 250 million USDC on the Solana blockchain just 4 hours ago. This brings the total amount of USDC minted by Circle on Solana to 3.75 billion since May 21. This significant activity could influence liquidity and trading volumes on the Solana network.

According to @CCData_io, today's top crypto stories include Brazil's securities regulators approving a spot Solana ETF, Grayscale and Bitwise seeking approval to list options on spot Ethereum ETFs, and the UK's financial regulator issuing over 1,000 warnings to crypto firms since October.

According to RootDataLabs, Solayer has emerged as the top trending project in the past 24 hours on the RootData platform. This surge in interest follows Binance Labs' announcement of their investment in Solayer, a restaking network built on Solana.

According to CCData_io, the top stories in the crypto market today include BlackRock's Spot Bitcoin ETF experiencing zero outflows despite a price drop, Anchorage Digital expanding custody support to Solana tokens, and Marathon Digital significantly increasing its Bitcoin production and hash rate in July 2024.

According to @CCData_io, Ethereum has significantly underperformed compared to Bitcoin, with the ETH/BTC ratio dropping to its lowest level since April 2021, now at 0.044. On the other hand, the SOL/ETH ratio is on an upward trend, approaching its all-time high.

According to RootDataLabs, the top newly listed projects on RootData with the highest X Influence Index are MetaDAOProject, a Solana ecosystem governance project with 229 stars, makenowmeme, a memecoin launch platform with 128 stars, moleculebtc, an SVM blockchain network with 120 stars, and icebreaker_xyz, a Web3 professional network.

According to @RootDataLabs, the hottest cryptocurrency projects in the last 24 hours include Ore (@OREsupply), Zircuit (@ZircuitL2), Matr1x (@Matr1xOfficial), Morpho (@MorphoLabs), CARV (@carv_official), Movement (@movementlabsxyz), Cartridge (@cartridge_gg), NOWChain (@NOWChainX), and Solana (@solana). These projects have gained significant attention and could be worth monitoring for potential trading opportunities.

According to RootDataLabs, the hottest cryptocurrency projects in the last 24 hours include Movement, ORE, io.net, Solana, zkSync, Matr1x, Morpho, Daylight, and Berachain. These projects have seen significant interest and activity, indicating potential opportunities for traders.

According to @CryptoMichNL, memecoins are gaining more influence in the cryptocurrency market. For entertainment purposes, it may be worthwhile to allocate a small portion of your portfolio to them. A newly launched memecoin, @XmindsCoin ($MIND), is noteworthy as it integrates AI technology on the Solana blockchain and has successfully raised 15,600 $SOL. This coin is generating interest in the crypto community.

According to @CCData_io, Solana (SOL) temporarily surpassed Binance Coin (BNB) to become the fourth largest cryptocurrency by market cap, reaching $84.8 billion compared to BNB's $83.8 billion. This event marks the fourth instance in the past year where SOL has overtaken BNB, indicating a competitive dynamic between the two cryptocurrencies.

According to ZachXBT, an Ethereum address linked to the Sydney Sweeney SIM swap attack on July 9th transferred 1.5 ETH to an exchange, which was then received on Solana. This transaction has helped identify another attack potentially carried out by Gurv or his partner.

According to ZachXBT, an investigation has revealed the involvement of convicted UK hacker Gurv (Gurvinder Bhangu) in the recent compromises of Sydney Sweeney and Bob Odenkirk's X accounts. These breaches led to the theft of over $530,000 through fraudulent Solana meme coin scams.

According to @ai_9684xtpa, a top 3 holder of Solana meme token $FWOG has liquidated their position, causing the token to plummet by 73% in a short period. The investor, identified as 5CQD2...psn2j, initially bought 18.1 million FWOG tokens for 52.6 SOL ($9510) just 20 minutes after its launch at a cost of $0.0005251 per token. They then sold 3 million tokens at $0.0117 and fully liquidated their position in the last 15 minutes, making a total profit of 795.69 SOL with a return rate of 1512%.

According to CryptoMichNL, the competition between Solana (SOL) and Ethereum (ETH) is intensifying. Ethereum has been significantly underperforming since the launch of the ETF, causing investors to shift their focus towards Solana. Despite this, CryptoMichNL remains confident in his Ethereum investments and anticipates a market rotation soon.

According to Lookonchain, Tron has emerged as the top revenue-generating project in the cryptocurrency market, with a 24-hour revenue of $1.42 million and a 7-day revenue of $8.67 million. Solana follows in second place, generating $940,000 in 24-hour revenue and $6.38 million in 7-day revenue. These figures highlight the strong financial performance of these projects.

According to Lookonchain, the developer of Neiro has made a substantial profit by trading Solana (SOL). The developer initially invested 3 SOL ($552) to purchase 97.5 million Neiro tokens. Subsequently, they sold 68 million Neiro tokens for 15,511 SOL ($2.85 million) through multiple wallets, achieving a realized profit of 15,508 SOL ($2.85 million), marking a gain of 5,169 times the initial investment.

According to @ai_9684xtpa, the Solana meme token $MOTHER has surged over 25% in the past 24 hours, with its price exceeding $0.08. A savvy investor, known by the wallet address F4Kpk...VHRkB, invested $730,000 to purchase 19.43 million MOTHER tokens at an average cost of $0.03756 on July 11 when the price was stable. Since then, there have been no transfers or sales from this wallet. The current price is $0.08505, resulting in an unrealized profit of $923,000 and a return of 126%.

According to @lookonchain, just hours after Solana surpassed BNBChain in market cap, BNBChain reclaimed its position as the world's fourth-largest cryptocurrency. Additionally, the top MEMEcoin $WHY on BNBChain reached new highs with a liquidity of 18 million USD and a fully diluted valuation (FDV) of 129 million USD.

According to @lookonchain, Solana's market capitalization has surpassed that of BNB Chain today. This shift highlights a significant change in the competitive landscape of major cryptocurrencies.

According to @ai_9684xtpa, while the crypto community debates whether to buy ETH or Solana, Base has quietly made significant moves. A smart money investor, identified as 0xB98...ED7dA, achieved a staggering 6258% return on the $MIGGLES token. The investor purchased 19.13 million MIGGLES tokens for 2.6 ETH at an average price of $0.00047 shortly after the token's launch. They have since sold 75% of their holdings for a profit of $279,000, with the remaining 4.64 million tokens still showing an unrealized gain of $283,000, totaling a profit of $562,000.

According to ZachXBT, the Twitter account TrendingETHSOL has blocked him. This development could indicate potential issues or controversies surrounding TrendingETHSOL, which might be relevant for traders monitoring Ethereum and Solana markets.

According to @hosseeb, recent data on on-chain fees reveals surprising insights. Lido generates double the fees of Solana (SOL), while Jito's fees are almost on par with SOL. Aave's fees are half those of Bitcoin (BTC), and Ethena produces 2.5 times the fees of Base. Notably, TRON leads in on-chain fees.

According to @RootDataLabs, the top gainers on the Solana blockchain in the past 24 hours include $BLOCK (Blockassetco), $MOBILE (helium_mobile), $ZIG (zignaly), $WEN (wenwencoin), $TAP (tapioca_dao), $SILLY (SillyDragonSol), and $PONKE (ponkesol). These tokens have shown significant price increases, making them noteworthy for traders focusing on the Solana ecosystem.

According to @RootDataLabs, the top gainers on the Solana network in the last 24 hours are $BLOCK (Blockassetco), $MOBILE (helium_mobile), $ZIG (zignaly), $WEN (wenwencoin), $TAP (tapioca_dao), $SILLY (SillyDragonSol), and $PONKE (ponkesol). For more details, visit rootdata.com.

According to @ai_9684xtpa, an investor experienced a significant loss after investing 13,400 SOL (approximately $1.94 million) in the meme token $BORPA on the Solana network. The investor's large purchase initially drove the token price from $0.3884 to $2.37, but it subsequently plummeted. The investor exited the position 12 hours later, incurring a loss of $1.55 million.

According to @ai_9684xtpa, an investor who initially thought of themselves as a 'smart money hunter' now feels like a 'dumb money hunter' after incurring significant losses in the $BORPA meme coin on the Solana network. The investor used 13,400 SOL (approximately $1.94 million USD) to invest in $BORPA, but sold all holdings 12 hours later, resulting in a $1.55 million USD loss. The investor's large buy initially drove the price up from $0.3884 to $2.37 before it plummeted.

According to @ai_9684xtpa, a trader experienced a significant loss while trading the meme coin $BORPA on the Solana network. The trader invested 13,400 SOL (approximately $1.94 million) and sold all holdings 12 hours later, incurring a loss of $1.55 million. The initial cost was $0.3884 per $BORPA, but a large purchase temporarily spiked the price to $2.37 before it crashed.

According to @ai_9684xtpa, a trader experienced significant losses while trading the meme token $BORPA on the Solana network. The trader invested 13,400 SOL (approximately $1.94 million) in $BORPA, causing the token price to spike temporarily from $0.3884 to $2.37 before crashing. The trader eventually sold all their holdings 12 hours later, incurring a loss of $1.55 million.

According to @CCData_io, the price of Solana (SOL) increased by 6.02% to $148 after an announcement by VanEck. Additionally, trading volumes surged by 1034% within an hour, reaching $75.6 million.

According to RootDataLabs, the top gainers on the Solana blockchain in the last 24 hours are $MANEKI by UnrevealedXYZ, $SNS by Synesis One, $SRM by Project Serum, $MOBILE by Helium Mobile, $OLAS by Autonolas, $FLT by Fluence Project, and $AURY by Aurory Project. Traders should monitor these tokens for potential investment opportunities.

According to @OnchainDataNerd, a significant rug-pull event occurred with the $DOREA token on the Solana network. Approximately 7 hours ago, an entity identified as 3TQYN, possibly a developer, purchased 2.5 million $DOREA tokens for $41,000. Four hours later, this entity began selling off all the tokens, amassing $1.4 million in sales and causing the token's price to plummet from $2.1 to $0.01.

According to RootDataLabs, the top gainers on the Solana blockchain in the last 24 hours are $PONKE, $BLOCK, $POKT, $SAMO, $WIF, $HNT, and $IO. These cryptocurrencies have shown significant price increases, making them noteworthy for traders looking for potential investment opportunities on the Solana network.

According to RootDataLabs, the top gainers on the Solana blockchain in the last 24 hours are $NOS, $CHAT, $WIF, $PONKE, $BONK, $TAP, and $MANEKI. These tokens have shown significant price increases, suggesting strong market interest and potential trading opportunities. For detailed insights, visit rootdata.com/ecosystem/solana.

According to @RootDataLabs, the top gainers on the Solana blockchain in the last 24 hours are $ART from ArtradeApp, $SRM from ProjectSerum, $AMU from AmuletProtocol, $ELIX from ElixirLauncher, $MNGO from MangoMarkets, $OPEN from OpenCustody, and $MAPS from MAPS_ME. These tokens have shown significant price increases, making them notable for traders.

According to @intotheblock, despite the stock market reaching new highs, Bitcoin and Ether have both declined by over 10% from their yearly peaks. Other major cryptocurrencies such as Solana (SOL), Cardano (ADA), and Chainlink (LINK) have experienced even steeper declines, falling more than 25% from their recent highs.

According to @CCData_io, there are three significant updates in the cryptocurrency market today. Firstly, a Canadian asset manager has filed to launch the first Solana Exchange-Traded Product (ETP). Secondly, Gemini has initiated a campaign finance initiative to support pro-crypto political candidates. Lastly, MicroStrategy has acquired an additional 11,931 Bitcoin, increasing its total holdings to 226,331 BTC.

According to @RootDataLabs, the top gainers on the Solana blockchain in the last 24 hours include $SQR from MagicSquareio, $LIKE from JoinOnly1, $FLIP from Chainflip, $MPLX from Metaplex, $SRM from ProjectSerum, $ELIX from Elixir_Launcher, and $RAIL from Railgun_Project. These tokens have shown significant price increases, making them noteworthy for traders monitoring the Solana ecosystem.