Solananetwork.
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Solana Price Fell by 6% in 24 Hours, FTX will take Action Soon
6% decline recorded in Solana amid fall in FTX
#Solana’s price has experienced a 6% drop in the past 24 hours amid concerns that the bankrupt cryptocurrency exchange, #FTX, may soon liquidate substantial portions of Solana-related crypto assets. Data from Solscan reveals that, when combining the values of the three publicly available FTX cold storage wallets, the FTX estate holds approximately $1.5 billion in crypto assets on the #Solananetwork. Of this significant sum, Solana tokens account for only $128 million. Worries about the potential sell-off have led some users to express concern, while others emphasize that the bankruptcy plan restricts token sales. The court is expected to review this plan on September 13 in the Delaware Bankruptcy Court. Currently, Solana is trading at $18.38, marking nearly an 11% decrease for the week.
Cryptocurrency News Today, Crypto Market News, the latest news on cryptocurrency, latest crypto news , latest news about cryptocurrency
To know more cryptocurrency news, visit: https://www.coingabbar.com/en/crypto-shorts-news/
#Solana’s price has experienced a 6% drop in the past 24 hours amid concerns that the bankrupt cryptocurrency exchange, #FTX, may soon liquidate substantial portions of Solana-related crypto assets. Data from Solscan reveals that, when combining the values of the three publicly available FTX cold storage wallets, the FTX estate holds approximately $1.5 billion in crypto assets on the #Solananetwork. Of this significant sum, Solana tokens account for only $128 million. Worries about the potential sell-off have led some users to express concern, while others emphasize that the bankruptcy plan restricts token sales. The court is expected to review this plan on September 13 in the Delaware Bankruptcy Court. Currently, Solana is trading at $18.38, marking nearly an 11% decrease for the week.
Cryptocurrency News Today, Crypto Market News, the latest news on cryptocurrency, latest crypto news , latest news about cryptocurrency
To know more cryptocurrency news, visit: https://www.coingabbar.com/en/crypto-shorts-news/
Meme Craze: Half a Million New Tokens Appear on #Solananetwork.
🙀 455,000 new coins appeared on the Solana blockchain in May. The figure reached a monthly high due to low entry barriers and the hype around meme tokens.
During the same period, 177,000 coins were issued on the L2 Base network, and 39,000 on the $BNB Chain. Approximately 20,000 tokens were created on the Ethereum #mainnet , as well as on second-layer solutions Arbitrum and Optimism. 🧐
"Solana is built to be a general purpose layer 1, with fast finality and high throughput with extremely low transaction fees"
- noted Austin Federa, Head of Strategy at Solana Foundation.
👀 In his opinion, the mass adoption of the network is due to these characteristics, so "the cost of experimentation and new idea creation to near zero". He believes that tokens on Solana "should be as easy to create as content on the internet". 👍
🐶 Most of the new coins on the blockchain are meme #tokens . According to CoinGecko, the market cap of this segment is $9.4 B.
#BNBCrossing660 #StartInvestingInCrypto
🙀 455,000 new coins appeared on the Solana blockchain in May. The figure reached a monthly high due to low entry barriers and the hype around meme tokens.
During the same period, 177,000 coins were issued on the L2 Base network, and 39,000 on the $BNB Chain. Approximately 20,000 tokens were created on the Ethereum #mainnet , as well as on second-layer solutions Arbitrum and Optimism. 🧐
"Solana is built to be a general purpose layer 1, with fast finality and high throughput with extremely low transaction fees"
- noted Austin Federa, Head of Strategy at Solana Foundation.
👀 In his opinion, the mass adoption of the network is due to these characteristics, so "the cost of experimentation and new idea creation to near zero". He believes that tokens on Solana "should be as easy to create as content on the internet". 👍
🐶 Most of the new coins on the blockchain are meme #tokens . According to CoinGecko, the market cap of this segment is $9.4 B.
#BNBCrossing660 #StartInvestingInCrypto
