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Crypto wallets linked to the now-defunct crypto exchange FTX and the bankrupt trading firm Alameda Research have unstaked over 3 million Solana tokens, which is the largest SOL unlock since the company started selling its tokens back in November 2023. Blockchain analytics firm Lookonchain noted the unstaking activity by Alameda and FTX in an X post earlier today. At the time of the SOL unlocks, the tokens were valued at approximately $431 million. FTX And Alameda Move Thousands Of SOL To Binance After unlocking the tokens, the two firms then sent the SOL to Binance, which is the largest exchange in the crypto space in terms of 24-hour trading volume. On-chain data shared by Lookonchain shows the companies sent 25,000 SOL, worth around $3.3 million at the time, to the platform. Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.https://t.co/D4j4l4yNuFhttps://t.co/uLkjQFwVId pic.twitter.com/ig2Jl2CcXl — Lookonchain (@...

The Solana price surged 4% in the past 24 hours to trade at $201.77 as of 09:12 p.m. EST on trading volume that plunged 44% to $2.7 billion. Solana Price Could Still Soar The SOL price has been in a strong uptrend on the weekly timeframe, recovering from its bear market lows in 2022. Currently, the Solana price is $201.77, with a recent high of $295.83. The chart shows a period of consolidation after a major rally, forming what appears to be a bullish continuation pattern. A key observation is that SOL is trading above both the 50-day Simple Moving Average (SMA) ($172.95) and 200-week SMA ($90.42). This suggests a well-established long-term uptrend, as price corrections are consistently finding support at these moving averages. Meanwhile, the Relative Strength Index (RSI) is at 59.65, indicating neutral to bullish momentum. While it’s not in the overbought zone (above 70), it also isn’t in an oversold position. This suggests that there is still room for upward movement ...

Solana (SOL) is showing early signs of a potential rebound, supported by its current technical setup. According to prominent on-chain analyst Ali Martinez , a notable TD Sequential buy signal has emerged on the daily chart. This signal follows a period of persistent selling pressure, suggesting that the ongoing downtrend may soon reverse and pave the way for a potential recovery in Solana’s price. Notably, the appearance of ‘’TDS 9′ on the chart suggests that the asset may have bottomed out, particularly as it rebounded strongly from the $176 support level, which served as a crucial floor during the recent downturn. Picks for you $20 billion wiped from XRP in a week 8 mins ago XRP price prediction as whales amass 40 millio...

The Solana price has pumped 10% in the past month and 1.3% in the last 24 hours to trade at $174 as of 12:20 a.m. EST on a 10% surge in trading volume to $3.2 billion. Solana Price Might Fall The SOL/USDT 1-hour chart displays a series of technical patterns and signals suggesting potential price movements. Initially, an ascending triangle formed between October 20th and October 24th, a bullish continuation pattern where the price gradually rose while encountering resistance. This pattern typically signals buyer strength, and true to form, SOL/USDT broke above the triangle’s resistance around October 24th, sparking a rally to a new resistance level of around $179. After the breakout, SOL/USDT faced significant resistance at the $178 – $179 level, repeatedly failing to close above it. This area became a strong selling zone, and between October 24th and October 27th, the price formed a double top pattern at this resistance level. This indicates that sellers are pushing bac...

An anonymous millionaire has started “crazy buying” Solana (SOL) memecoins with over $5 million since October 21. So far, the whale address has acquired more than six different tickers, some already presenting gains, while others, losses. Notably, the millionaire trader created the wallet on Monday, receiving a total of 32,695 SOL from Binance since then. According to a Lookonchain post, this “crazy buying” activation happened to speculate in memecoins with over $5 million of SOL. The popular GOAT token, allegedly created by an artificial intelligence (AI), received the largest allocation, worth $3.39 million. For that, the millionaire spent 18,000 SOL to buy 6.95 million GOAT while trading at $0.43. Picks for you One Ethereum rival to turn $100 into $1,000 in 2025 16 hours ago ...

Leading altcoins Solana (SOL) and Ripple (XRP) are trading sideways in the charts in September 2024. Both altcoins are among the most sought-after cryptocurrencies in the market. While Solana hovers around the $134 mark, XRP is moving at the $0.56 level. Despite the downturn, investors have been constantly taking entry positions into both altcoins, causing their trading volume to soar, with transaction activity always on the move. Since the trading activity for Solana and XRP is high, we will provide a price prediction for how high both cryptocurrencies can trade this September 2024. Also Read: Ripple Announces Major Partnerships That May Help XRP Claim $0.65 September 2024 Price Prediction For Solana and XRP Source: Reddit Solana Price Prediction Leading on-chain metrics and price prediction firm Changelly has painted a rosy picture for Solana in September 2024. According to the forecast, SOL could move forward in the charts and close to $150 by the end of the month. The firm has esti...

As the cryptocurrency market experiences a temporary dip, savvy investors are on the lookout for promising coins to add to their portfolios. With the potential for notable gains on the horizon, three cryptocurrencies stand out as top contenders for buying the dip in May: Ethereum ( ETH ), Solana ( SOL ), and Shiba Inu (SHIB). Additionally, each of these coins has demonstrated strong fundamentals and has the potential to deliver substantial returns as the market recovers. Ethereum (ETH)  Source: Watcher.Guru Ethereum has established itself as the backbone of the decentralized finance (DeFi) ecosystem. Currently trading at $2,943.90, Ethereum has experienced a modest 1.34% increase in the past 24 hours. The coin’s 24-hour low and high stand at $2,865.13 and $2,953.05, respectively. Also, as the market begins to recover, Ethereum’s strong fundamentals and widespread adoption make it an attractive option for investors looking to capitalize on the dip. Also read: R...