btc
Bitcoin (BTC)
$105,773.00 2.72%
Bitcoin price
eth
Ethereum (ETH)
$3,341.46 2.58%
Ethereum price
bnb
BNB (BNB)
$695.03 1.91%
BNB price
sol
Solana (SOL)
$255.59 7.56%
Solana price
xrp
XRP (XRP)
$3.18 2.31%
XRP price
shib
Shiba Inu (SHIB)
$0.0000208 3.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000160 4.24%
Pepe price
bonk
Bonk (BONK)
$0.0000328 13.19%
Bonk price
wif
dogwifhat (WIF)
$1.46 8.67%
dogwifhat price
popcat
Popcat (POPCAT)
$0.50 14.66%
Popcat price
btc
Bitcoin (BTC)
$105,773.00 2.72%
Bitcoin price
eth
Ethereum (ETH)
$3,341.46 2.58%
Ethereum price
bnb
BNB (BNB)
$695.03 1.91%
BNB price
sol
Solana (SOL)
$255.59 7.56%
Solana price
xrp
XRP (XRP)
$3.18 2.31%
XRP price
shib
Shiba Inu (SHIB)
$0.0000208 3.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000160 4.24%
Pepe price
bonk
Bonk (BONK)
$0.0000328 13.19%
Bonk price
wif
dogwifhat (WIF)
$1.46 8.67%
dogwifhat price
popcat
Popcat (POPCAT)
$0.50 14.66%
Popcat price
btc
Bitcoin (BTC)
$105,773.00 2.72%
Bitcoin price
eth
Ethereum (ETH)
$3,341.46 2.58%
Ethereum price
bnb
BNB (BNB)
$695.03 1.91%
BNB price
sol
Solana (SOL)
$255.59 7.56%
Solana price
xrp
XRP (XRP)
$3.18 2.31%
XRP price
shib
Shiba Inu (SHIB)
$0.0000208 3.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000160 4.24%
Pepe price
bonk
Bonk (BONK)
$0.0000328 13.19%
Bonk price
wif
dogwifhat (WIF)
$1.46 8.67%
dogwifhat price
popcat
Popcat (POPCAT)
$0.50 14.66%
Popcat price

Solana gains over 175% despite ongoing FTX troubles 

solana-soars-over-175-percent-ongoing-ftx-troubles
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Solana gains over 175% despite ongoing FTX troubles 

Coinciding with the crypto marketโ€™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 Solanaโ€™s native SOL token, dropping to around $40, before orchestrating a recovery. Despite this significant unstaking event, Solanaโ€™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 hasnโ€™t deterred SOLโ€™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.

Solanaโ€™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.