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Bitcoin
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Bitcoin price
Ethereum
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$2,642.96 -0.37192
Ethereum price
BNB
BNB (BNB)
$678.97 -1.079
BNB price
Solana
Solana (SOL)
$168.59 -1.76343
Solana price
XRP
XRP (XRP)
$2.28 0.61901
XRP price
Shiba Inu
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$0.0000141 -0.51403
Shiba Inu price
Pepe
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$0.0000137 -0.49073
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Bonk
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$0.0000194 -2.78394
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dogwifhat
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Popcat
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Bitcoin
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$106,742.00 -0.95507
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Ethereum
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$2,642.96 -0.37192
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BNB
BNB (BNB)
$678.97 -1.079
BNB price
Solana
Solana (SOL)
$168.59 -1.76343
Solana price
XRP
XRP (XRP)
$2.28 0.61901
XRP price
Shiba Inu
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$0.0000141 -0.51403
Shiba Inu price
Pepe
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$0.0000137 -0.49073
Pepe price
Bonk
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$0.0000194 -2.78394
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dogwifhat
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$1.08 -2.81137
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Popcat
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$0.42229 -5.87286
Popcat price
Bitcoin
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$106,742.00 -0.95507
Bitcoin price
Ethereum
Ethereum (ETH)
$2,642.96 -0.37192
Ethereum price
BNB
BNB (BNB)
$678.97 -1.079
BNB price
Solana
Solana (SOL)
$168.59 -1.76343
Solana price
XRP
XRP (XRP)
$2.28 0.61901
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 -0.51403
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000137 -0.49073
Pepe price
Bonk
Bonk (BONK)
$0.0000194 -2.78394
Bonk price
dogwifhat
dogwifhat (WIF)
$1.08 -2.81137
dogwifhat price
Popcat
Popcat (POPCAT)
$0.42229 -5.87286
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.