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Solana
Solana Outperforming Amid Memecoin Frenzy
Solana's SOL has been on a tear, leading gains among the crypto market this week amid a speculative memecoin frenzy that is driving up token prices and blockchain activity. The latest trend of artificial intelligence agents pumping memecoins is also predominantly based on the Solana network. CoinDesk's Christine Lee presents the "Chart of the Day."
Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
DJT Token Rallied 180% on Trump Rumors
The DJT token, which was minted two months ago on the Solana blockchain, rallied as much as 180% recently on an unconfirmed report that former US president Donald Trump is behind it. If the report is true, it would be the first time a presidential candidate from a major political party has created a cryptocurrency. PoliFi tokens that share the former president's name were down double digits on the news. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.
Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally
Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.
Solana's Crypto-Governance Hub Realms Is Under New Management
The project is spinning out of Solana Labs and its new leaders want to turn a profit.
Crypto ETFs Look Unlikely to Expand Beyond Bitcoin, Ether Under Kamala Harris, Experts Say
Several prospective issuers have filed to launch exchange-traded funds tracking smaller coins like Ripple's XRP or Solana (SOL), but the trajectory of those applications may lie with American voters.
Crypto Degens Baited an Experimental AI Bot Into Promoting a Memecoin. It's Now Up 16,000%.
Conceived as a live experiment in human interactions with AI models, the viral bot ended up shilling a memecoin called GOAT.
Ethena Labs Proposes SOL for USDe's Collateral
If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.
