Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNB
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Based on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization. […]
The DeFi sector has witnessed a notable downturn during this week. As per the data from DefiLlama, the top blockchains in terms of total value locked (TVL) witnessed Ethereum, Solana, and Bitcoin in the leading positions amid an overall decline. The other prominent chains in the top-10 list of DefiLlama…
Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut. The Solana price succumbed to the bearish pressure and fell beneath $200 for the first time in over a month. While the price of SOL has continued its…
Solana (SOL) is experiencing substantial on-chain activity. According to data reported today by market analyst Lookonchain, digital asset investment firm Galaxy Digital deposited 250,000 SOL tokens worth $51.69 million to Binance. Galaxy’s move to transfer such massive SOL tokens from its cold wallet to the Binance exchange has raised curiosity…