Tag: Solana

Solana (SOL) Pauses at Critical Level — Is a Sharp Move Coming Next?

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Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $133 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $140 and $142. Solana Price Faces Resistance Solana…

Solana DePIN Project Fuse Secures No-Action Letter From SEC

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The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement. The no-action letter was sent to the Solana DePIN project Fuse, which issues a network token FUSE as a reward to those actively maintaining the network. Fuse initially submitted a letter to the SEC’s Division of Corporation Finance on Nov. 19, asking for official confirmation that it would not recommend the “SEC take enforcement action” if FUSE tokens continue to be…

Monad’s MON token launches on Solana through Sunrise platform

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Key Takeaways Monad’s MON token is now available on Solana through the Sunrise platform. Sunrise is a new cross-chain gateway from Wormhole Labs enabling easy asset transfers between blockchains. Share this article Monad’s MON token today launched on Solana through Wormhole Labs’ newly introduced Sunrise platform, a cross-chain gateway that enables seamless asset transfers between blockchains. The launch provides Solana users immediate access to the governance token of Monad, a blockchain project focused on high-throughput execution and scalability for decentralized applications. Sunrise serves as a liquidity gateway built on Wormhole…

Solana (SOL) Recovery Underway But Momentum Still Needs Stronger Follow-Through

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Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $135 zone. SOL price started a decent recovery wave above $125 and $128 against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $135 and $140. Solana Price Aims Recovery Solana…

Coinbase ’Doubles Down’ on Solana with Latest DEX Acquisition

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US-based cryptocurrency exchange Coinbase said it will buy Vector, a decentralized platform built on Solana, in the company’s latest acquisition of 2025. In a Friday blog, Coinbase said the acquisition of Vector and its team was part of the company’s strategy to become an “everything exchange.” The crypto exchange did not disclose the amount it paid for Vector, but said the move would improve activity through “DEX trading integration.”  “We’re excited to welcome the Vector team as we keep building toward one goal: making it easy for anyone, anywhere, to…

Solana and XRP ETFs Defy Outflows as Markets Face Heavy Outflows

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While spot Bitcoin and Ether exchange-traded funds (ETFs) are facing some of the biggest daily outflows since they launch, two new altcoin products are bucking the trend. Despite the broader market rout, Solana (SOL) and XRP (XRP) ETFs have yet to record a single outflow day since launch, according to crypto ETF data aggregator SoSoValue. This makes the two altcoin ETFs rare green marks in an otherwise red ETF landscape. The inflows are becoming substantial. Data shows that Solana-based spot ETFs have accumulated nearly $500 million in net inflows, while…

Coinbase announces acquisition of Solana meme coin app Vector

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Key Takeaways Coinbase is continuing its aggressive 2025 acquisition streak with a deal to purchase Vector, a Solana-based decentralized exchange. This marks Coinbase’s ninth deal of the year, following major buys such as Deribit and Echo. Share this article Coinbase is acquiring Vector’s Solana-native team and technology to enhance its onchain trading capabilities. Vector’s infrastructure, which can detect and support new Solana assets instantly, will integrate directly into Coinbase’s DEX trading features. With Solana’s DEX volume surpassing $1 trillion in 2025, the acquisition aligns with Coinbase’s strategy to build the…

Solana (SOL) Aims Recovery Run, $155 Resistance Now Back in Focus

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…