Solana Leads Layer-1 Token Gains as Bitcoin Crosses $38K
Crypto market capitalization rose 2.3% in the past 24 hours.
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Solana
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.
The team behind SolanaFM thinks the new block explorer will be more accessible.
A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.
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.
Bitcoin funds attracted most of the demand, while ether funds saw their largest inflows since August 2022.
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.
The value of FTX’s stake in Solana’s SOL token, for instance, has just added $1 billion in two weeks.