Bitcoin
Bitcoin (BTC)
$102,784.00 4.96553
Bitcoin price
Ethereum
Ethereum (ETH)
$2,201.02 20.47363
Ethereum price
BNB
BNB (BNB)
$626.60 3.70826
BNB price
Solana
Solana (SOL)
$162.51 9.17065
Solana price
XRP
XRP (XRP)
$2.32 8.58959
XRP price
Shiba Inu
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$0.0000143 10.85955
Shiba Inu price
Pepe
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$0.000011 31.49741
Pepe price
Bonk
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$0.0000199 14.92451
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dogwifhat
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$0.699276 18.23399
dogwifhat price
Popcat
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$0.470031 1.82401
Popcat price
Bitcoin
Bitcoin (BTC)
$102,784.00 4.96553
Bitcoin price
Ethereum
Ethereum (ETH)
$2,201.02 20.47363
Ethereum price
BNB
BNB (BNB)
$626.60 3.70826
BNB price
Solana
Solana (SOL)
$162.51 9.17065
Solana price
XRP
XRP (XRP)
$2.32 8.58959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000143 10.85955
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000011 31.49741
Pepe price
Bonk
Bonk (BONK)
$0.0000199 14.92451
Bonk price
dogwifhat
dogwifhat (WIF)
$0.699276 18.23399
dogwifhat price
Popcat
Popcat (POPCAT)
$0.470031 1.82401
Popcat price
Bitcoin
Bitcoin (BTC)
$102,784.00 4.96553
Bitcoin price
Ethereum
Ethereum (ETH)
$2,201.02 20.47363
Ethereum price
BNB
BNB (BNB)
$626.60 3.70826
BNB price
Solana
Solana (SOL)
$162.51 9.17065
Solana price
XRP
XRP (XRP)
$2.32 8.58959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000143 10.85955
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000011 31.49741
Pepe price
Bonk
Bonk (BONK)
$0.0000199 14.92451
Bonk price
dogwifhat
dogwifhat (WIF)
$0.699276 18.23399
dogwifhat price
Popcat
Popcat (POPCAT)
$0.470031 1.82401
Popcat price
Bitcoin
Bitcoin (BTC)
$102,784.00 4.96553
Bitcoin price
Ethereum
Ethereum (ETH)
$2,201.02 20.47363
Ethereum price
BNB
BNB (BNB)
$626.60 3.70826
BNB price
Solana
Solana (SOL)
$162.51 9.17065
Solana price
XRP
XRP (XRP)
$2.32 8.58959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000143 10.85955
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000011 31.49741
Pepe price
Bonk
Bonk (BONK)
$0.0000199 14.92451
Bonk price
dogwifhat
dogwifhat (WIF)
$0.699276 18.23399
dogwifhat price
Popcat
Popcat (POPCAT)
$0.470031 1.82401
Popcat price

Solana gains over 175% despite ongoing FTX troubles 

Anthony Patrick
Edited by
News
Solana gains over 175% despite ongoing FTX troubles 

Coinciding with the crypto market’s newfound bull run, Solana (SOL) has made significant strides, rising by over 175% in the last 30 days.

The recent crypto market upturn has not only propelled Bitcoin (BTC) to an 18-month-high but also triggered massive gains for Solana, effectively pushing it over the $20 billion market cap milestone. 

FTX wallets unstake $160M in SOL

Recently, analysts at Lookonchain reported a substantial unstaking of $160 million worth of SOL from FTX-linked wallets. This move resulted in a dip in the price of Solana’s native SOL token, dropping to around $40, before orchestrating a recovery. Despite this significant unstaking event, Solana’s price is still holding strong.

Popular crypto trader, Bluntz, observed a consistent selling pattern by FTX, ranging between 250k-700k SOL daily for the past two weeks. Surprisingly, this selling pressure hasn’t deterred SOL’s price, suggesting a robust absorption capacity. The analyst anticipates a further Solana price surge once this selling pressure subsides.

Solana price analysis

The latest data from CoinGecko shows Solana exchanging hands for $60.39, representing a 183% increase over the past 30 days.

With a circulating supply of 420 million SOL, its market cap stands at $25.2 billion.

Solana’s exceptional growth in 2023 positions it among the top three layer-1 blockchains, challenging Ethereum and Binance Chain with its unique technology and growing user base.

The journey of Solana in 2023 showcases a compelling narrative of growth, overcoming market challenges, and demonstrating resilience.