Bitcoin
Bitcoin (BTC)
$67,203.00 -0.24088
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.63 -0.38892
Ethereum price
BNB
BNB (BNB)
$595.17 -0.20715
BNB price
Solana
Solana (SOL)
$172.52 0.93296
Solana price
XRP
XRP (XRP)
$0.5913390 1.93346
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 -0.00868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -5.74813
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.82947
Bonk price
Bitcoin
Bitcoin (BTC)
$67,203.00 -0.24088
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.63 -0.38892
Ethereum price
BNB
BNB (BNB)
$595.17 -0.20715
BNB price
Solana
Solana (SOL)
$172.52 0.93296
Solana price
XRP
XRP (XRP)
$0.5913390 1.93346
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 -0.00868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -5.74813
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.82947
Bonk price
Bitcoin
Bitcoin (BTC)
$67,203.00 -0.24088
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.63 -0.38892
Ethereum price
BNB
BNB (BNB)
$595.17 -0.20715
BNB price
Solana
Solana (SOL)
$172.52 0.93296
Solana price
XRP
XRP (XRP)
$0.5913390 1.93346
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 -0.00868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -5.74813
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.82947
Bonk price
Bitcoin
Bitcoin (BTC)
$67,203.00 -0.24088
Bitcoin price
Ethereum
Ethereum (ETH)
$3,513.63 -0.38892
Ethereum price
BNB
BNB (BNB)
$595.17 -0.20715
BNB price
Solana
Solana (SOL)
$172.52 0.93296
Solana price
XRP
XRP (XRP)
$0.5913390 1.93346
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 -0.00868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -5.74813
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.82947
Bonk 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 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.