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♦️ Solana's (SOL) Price Dips Amidst Exchange Transfer: What's Next? ▫️ A transfer of 179,999 Solana valued at $26.14M, pushed the token’s price below $140. ▫️ Solana’s price has dropped by 5% in the last day and 27% over the past month. Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability. Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27% decline over the past month. This dip in value is concerning, especially considering Solana’s ability to handle thousands of transactions per second, making it an attractive choice for users and developers seeking efficiency and cost-effectiveness. 🔺 Solana (SOL) Entering the Bearish Zone? One notable event contributing to Solana’s recent price movement was a significant transaction wherein a whale transferred 179,999 Solana tokens to the crypto exchange Binance. Following this transaction, the token’s price swiftly dropped below the $140 mark, signaling market volatility triggered by large-scale movements. This transfer, valued at $26.14 million at the time, underscores the impact of such transactions on the token’s market value. Solana has faced selling pressure in the past due to similar transfers to exchanges, suggesting a vulnerability to further price slides if such activity persists. However, a decrease in these transactions could potentially stabilize Solana’s value and even pave the way for a rebound. Currently, SOL is trading at $136.44 with a market cap of $61 billion. Additionally, Solana’s daily trading volume has declined by over 24% in the last 24 hours, reaching $2 billion. If Solana continues its downtrend, it may find support levels at $130, $128, and $125, potentially leading to a new bearish phase with tentative support at $120. Conversely, if Solana breaks through the $140 zone, it could encounter a new resistance level at $143. $SOL #SOL #Solana

♦️ Solana's (SOL) Price Dips Amidst Exchange Transfer: What's Next?

▫️ A transfer of 179,999 Solana valued at $26.14M, pushed the token’s price below $140.

▫️ Solana’s price has dropped by 5% in the last day and 27% over the past month.

Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability.

Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27% decline over the past month. This dip in value is concerning, especially considering Solana’s ability to handle thousands of transactions per second, making it an attractive choice for users and developers seeking efficiency and cost-effectiveness.

🔺 Solana (SOL) Entering the Bearish Zone?

One notable event contributing to Solana’s recent price movement was a significant transaction wherein a whale transferred 179,999 Solana tokens to the crypto exchange Binance. Following this transaction, the token’s price swiftly dropped below the $140 mark, signaling market volatility triggered by large-scale movements.

This transfer, valued at $26.14 million at the time, underscores the impact of such transactions on the token’s market value. Solana has faced selling pressure in the past due to similar transfers to exchanges, suggesting a vulnerability to further price slides if such activity persists.

However, a decrease in these transactions could potentially stabilize Solana’s value and even pave the way for a rebound. Currently, SOL is trading at $136.44 with a market cap of $61 billion. Additionally, Solana’s daily trading volume has declined by over 24% in the last 24 hours, reaching $2 billion.

If Solana continues its downtrend, it may find support levels at $130, $128, and $125, potentially leading to a new bearish phase with tentative support at $120. Conversely, if Solana breaks through the $140 zone, it could encounter a new resistance level at $143.

$SOL #SOL #Solana

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Coin : SOL / USDT - LONG SIGNAL 📈 Time Interval: 1h 🕗 Price : $152.98 ------------- Based on the current technical indicators for SOLUSDT on the 1-hour timeframe, I recommend holding your position. The price is hovering above both the SMA20 and EMA20, indicating a potential bullish trend continuation. However, closely monitor the RSI as it is in the neutral zone. Consider setting a take profit at $160 and a stop loss at $145. 🟢 Take Profit: $160 🔴 Stop Loss: $145 $SOL #SOL #Solana #signaladvisor
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💵 How to make money from meme coins Friends, I decided today that you and I would explore the topic of meme and shit coins a little bit. In this post, I mentioned it in passing. Let me start with the basic concepts: Meme coins are tokens based on internet culture that don't always have fundamental values or a clear purpose. (e.g. SHIBA, DOGE, PEPE). Shitcoins are crypto with low capitalization and limited utility.  Shitcoins are characterized by their low-value technology and are mostly projects of questionable reputation.  📑 Their main differences from other cryptocurrencies are: 1. Lack of utility and functionality 2. aggressive marketing 3. High volatility 4. Longevity The most popular networks for creating shit coins are: • Ethereum (popularity 10/10) • Solana (10/10 popularity) • Base (popularity 9/10) These are the ones we will be working in. And our main weapon will be sniping.  🚀 Sniping is an attempt of preliminary (frontrunner) purchase of some coin. For example, I have a contract of a coin that has not yet been released to open trade. I naturally want to buy it first at the lowest price. #meme #memecoins
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👀 Worldcoin Forays into Peru with World ID Verification, Addressing Rising Demand Worldcoin is now expanding to Peru with the goal of revolutionizing digital identification.World ID orb verifications are now accessible in the Peruvian city of Lima. Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great progress, with notable advancements in Argentina and Singapore, and it is now expanding to Peru with the goal of revolutionizing digital identification. Worldcoin’s native token, WLD, is now experiencing a price decline but is still in a good position to gain from this growth, which has attracted a lot of investor interest. 🔺 Increasing Demand Contemporary, open-source, permissionless digital identification system World ID Verification allows users to confirm their humaneness online without compromising their privacy. The primary tool for this verification is Worldcoin’s Orb, which scans a user’s irises to generate an iris code, which is then used to generate a separate digital identity. World ID orb verifications are now accessible in the Peruvian city of Lima. Anyone in Peru who is at least 18 years old may use this platform to verify their humanity. More than 800 Peruvian participants, or 90% of the total, indicated a need for technological solutions to distinguish between people and internet bots in a March research. In addition, 84% of respondents said that future solutions should prioritize methods that differentiate robots from people. Worldcoin seems to have seized this chance and unleashed a countrywide tsunami with their World ID verification. Almost half a million World ID verifications were registered as part of its development efforts in Argentina, as indicated before. $WLD #WLD #Worldcoin​
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📣 Terraform Labs, founder Do Kwon likely face $5.3 billion fines on the two year anniversary of the crisis 🔸 Two year anniversary of Do Kwon’s promise to deploy more capital On May 9, Do Kwon assured the Terraform community that he is deploying more capital to tackle the de-peg of algorithmic stablecoin UST. On May 11, Kwon presented a strategy to re-establish UST’s peg. Kwon’s tweet from 2022 has resurfaced on X. In the two years since Kwon’s tweet, the US Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion fines on Terraform Labs and founder Do Kwon. The regulator has asked for a hefty penalty for the entities role in the $40 billion implosion of the Terraform ecosystem tokens. The SEC has asked for $4.74 billion in legally mandated repayment of ill-gotten gains, and another $420 million from Terraform Labs and $100 million from the founder Kwon. The US financial regulator has justified the fines as a “conservative” but reasonable approximation of Terraform Labs and Do Kwon’s gains from the fraud. The court ruled that the two parties were found liable on civil fraud charges and court documents revealed $65.2 million sales of LUNA to institutional investors. The Luna Foundation Guard sold $1.8 billion of LUNA and UST. The collapse of the Terraform ecosystem, Kwon’s “ill-gotten gains” and the court fines are the aftermath of the $4 billion implosion in 2022 that tore down the glass houses of several crypto trading firms, lenders and resulted in a series of bankruptcies throughout 2022 and 2023. 🔸 Terra Foundation restricts access to TFL products for US based users In the light of recent court developments, the Terra Foundation made changes to its operations and announced that it will restrict access to some of its products and features for users in the United States. Open-source projects that TFL contributed to, such as the Terra blockchain and Alliance, remained unaffected. $LUNC #TerraLabs #DoKwon #LUNC
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🔒 Polkadot Introduces Secure Development with New Generic Runtime Template Polkadot developers now have a secure foundation to build applications with the newly released generic runtime template, v1.0.0. This template is designed to be minimalist while including the most commonly used pallets within Polkadot’s ecosystem. Polkadot aims to create a more robust development framework that encourages secure and efficient coding practices. 💬 We just released v1.0.0 and cannot wait to see what you build with it. You can find more info in our docs. The development of this runtime has been a collaborative effort, involving audits by SecReLabs, weekly coordination calls with paritytech and extensive community… — OpenZeppelin The development of this runtime template involved extensive collaboration with key partners. Security firm SecRe Labs conducted comprehensive audits, while Polkadot held regular coordination meetings with Parity Technologies to ensure tight synchronization. The project also drew on insights from the broader Polkadot community, including parachain teams. These efforts ensured that the runtime template aligns with the network’s evolving requirements. 🔸 Future Plans and Features Polkadot isn’t stopping here. The team is already developing an Ethereum Virtual Machine (EVM) runtime template, which will include support for Solidity smart contracts and XCM v3 (Cross-Consensus Messaging). With these features, developers can expect an even more versatile and interconnected development experience. Polkadot has plans to introduce additional features in the future, providing a comprehensive suite of tools that will help developers realize the full potential of the ecosystem. $DOT #DOT #Polkadot
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