SOL Strategies, a Canadian publicly traded company focused on supporting the Solana blockchain ecosystem, has expanded its holdings with a new $20 million Solana purchase. The Canada-listed company announced the move on Tuesday, May 6, disclosing the completion of the $20 million buy is from the first tranche of its $500 million convertible note facility. …
Solana is gearing up for a major upgrade to its validators, increasing its scalability and throughput. Solana (SOL) is rolling out a major upgrade that hopes to make the chain more scalable. On Monday, May 5, Solana’s development optimization service Helius announced the rollout of Agave v2.2, an update to the Solana validator client. The…
The team behind the Melania meme coin has made another token selloff and dumped 9.99 million $MELANIA tokens worth approximately $4.65 million over the past eight days. According to on-chain analyst Ember CN, these sales were conducted through “unilateral liquidity and DCA (dollar-cost averaging) methods.” This continues an overall selling pattern that started over a…
Bubblemaps has visualized the token distribution for Boop crypto, a fairly new token that stems from the new Solana-based meme coin launchpad Boop.fun. BOOP has gone up more than 200%. On May 2, the on-chain analysis platform Bubblemaps showed traders the token distribution for Boop crypto amidst growing buzz surrounding the launchpad’s reward mechanism. According…
Solana-based Pipe Network is rewarding users who offer bandwidth for testing its decentralized content delivery system. On May 1, at the Token2049 conference in Dubai, Pipe Network announced incentives for node operators who contribute computing power. This infrastructure will be used to power its decentralized content delivery network built on Solana. Dubbed PipeQuest, the rewards…
DeFi Development Corp. announced Thursday it has secured $24 million through a private investment in public equity (PIPE) deal to scale its Solana accumulation strategy. The round attracted prominent investors including Galaxy Digital, Arrington Capital, Republic Digital, Borderless Capital, and Amber International Holding Limited. The company is issuing roughly 310,000 shares and 215,000 pre-funded warrants…
1inch is integrating Solana, enabling traders to swap over 1 million tokens native to the blockchain. 1inch is continuing its expansion across major blockchains, giving traders broader access to token swaps. On Tuesday, April 29, the decentralized exchange aggregator added support for the Solana (SOL) network. This move will allow traders to swap over 1…
After outpacing Ethereum in volume, does Solana price prediction imply a structural rally capable of pushing SOL towards higher zones? SOL bounces back Solana (SOL) is beginning to find its footing after a steady decline through March and early April. As of Apr. 29, SOL is trading around $148.96, with a market cap of approximately…
Housecoin’s explosive rally may be losing steam, as momentum indicators point to a cooling trend following its parabolic 600% surge. Launched in early April on the Solana (SOL) blockchain, Housecoin (HOUSE) is a memecoin satirically positioned as a hedge against the collapsing real estate market, using the tagline “Flipping the Housing Market, One $HOUSE at…
BitGo announced today it has expanded its Solana staking program through a new integration with Marinade Native. Marinade Native is a popular staking protocol developed by Marinade Labs. The move allows BitGo clients to stake SOL directly from their wallets without giving up custody, tapping into competitive rewards while supporting Solana (SOL) network decentralization. This action…
