Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally
Value locked on the blockchain’s applications has more than doubled since November.
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SOL
Value locked on the blockchain’s applications has more than doubled since November.
Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone’s development in an interview with Laura Shin.
Crypto market capitalization rose 2.3% in the past 24 hours.
The Securities and Exchange Commission is doubling down on its allegations that certain crypto assets are securities. These allegations haven’t dampened investor enthusiasm for the tokens.
Solana price (CoinDesk)
Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle.
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.
Solana’s [SOL] spectacular comeback – up over 300% this year – has captivated crypto market participants after being one of the most beaten-down assets during the bear market.
“I believed the funds came from Alameda’s operating profits” as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.