Category: Solana

Solana on the Edge: Can SOL Hold or Drop to $125?

Solana (SOL) is struggling, and investors are getting nervous. Having shot past way beyond $250 in the past, SOL is now fighting to stay above $170. If it fails to hold the crucial support levels, experts are warning it could fall down to as low as $125.

At the moment, SOL is hovering around $172 after briefly slipping to $169.19, down nearly 5% in the past 24 hours. The biggest concern? A flood of new tokens hitting the market. FTX’s bankruptcy proceedings will soon unlock 11.2 million SOL (worth $9.7 million), adding selling pressure at a time when demand is weak. On top of that, another $1.6 billion in SOL is set to unlock in March, making things even riskier.

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From a technical standpoint, SOL is still stuck in a downward trend. If the $160 support level holds, a bounce back to $180–$185 is possible.But if it does collapse, the subsequent lower point could be $150 or even lower, with the most bearish pushing it down to $125.

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Fueling the speculation, recent examples of scams such as $LIBRA and $TRUMP rug pulls have tested investor faith. For the moment, all are waiting to determine whether or not buyers will panic in and support SOL—or if a worse crash is in the cards.

Whale Withdraws $20.8M in SOL from Binance—Is a Price Surge Incoming?

A crypto whale moved $20.8M in SOL from Binance, sparking speculation. Traders are betting on $162.8 as strong support.


A crypto whale just made a major move, pulling 123,500 SOL (worth $20.8M) out of Binance, according to Lookonchain. Big transfers like this usually hint at accumulation, but so far, Solana’s price hasn’t popped—it’s still chilling around $172.

Solana recently dipped below its $180 support and is now under the 200 EMA, signaling a bearish trend. Right now, SOL is hovering between $160 and $180, and unless it breaks past $190, it might stay stuck. If it drops below $160, we could see another 20% crash to $120.

But not all are bearish. Data from Coinglass shows that traders have stacked $145M worth of long positions above $162.8, indicating that they are confident this level will resist. In the event that enough buyers come in, SOL could bounce back.

It’s a waiting game for now—will the whale’s shift trigger a rally, or do we have more dips ahead? Solana traders are crossing their fingers.

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Solana Slips Under $170 as Memecoin Scams Shake Investor Confidence

Solana’s price dips below $170 due to dropping network activity, memecoin scams, and FTX token unlock—trust issues growing.



Yo, Solana’s price is plummeting, falling below $170, and everyone’s talking about it. The coin is down 9% today, at $167.57, and it’s not looking good. So, what’s happening?

Overall, network activity is declining. Not as many users are utilizing Solana for applications such as trading and DeFi initiatives, and when the network’s idle, the price goes down. Crypto analysts also pointed out that major holders are cashing out coins, with accounts holding more than 100 SOL decreasing by 2.24% in the recent past.

On top of that, Solana’s DEX volume is tanking by 24%, while Binance Smart Chain is thriving, with its DEX volume up nearly 50%.

But the real kicker? Memecoin scams. Solana’s had some sketchy memecoins recently, like the LIBRA token that crashed by 94%, leaving traders with huge losses. It turns out, the same wallets behind LIBRA were involved in the Melania Trump memecoin scam. Yeah, not a good look.

Investors are losing faith, and with $2.06 billion in SOL about to be unlocked from the FTX bankruptcy, things could get even worse. Solana’s in a tough spot right now, with FUD hitting hard.

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XRP Eyes $8 Amid Growing ETF Approval Speculation

XRP price climbs amid ETF approval speculation, with analysts predicting $8 if approved, despite risks of potential corrections.



XRP’s price has been on a really steady rise lately, boosted by its partial legal victory over the SEC. With the hope of a potential ETF approval, the price could surge even higher. Analysts are speculating that if XRP gets its own spot ETF, the price could hit $8, though that’s still uncertain.

While February started off shaky, XRP has climbed 2% in the past 24 hours and is up 8% from its low point of $2.26 earlier this month. Traders are getting increasingly optimistic that the SEC might approve a spot XRP ETF, and everyone’s watching closely to see how this plays out.

The RSI (Relative Strength Index) is at 41.95, near the lower band, which could be a sign of a price bounce. Crypto analyst CoinsKid also suggests that XRP is showing signs of a bullish reversal, with a possible parabolic move to the $8 level.

But there is also the risk of a major correction if the tide turns. The chart analysis is showing that XRP might witness a reversal to lower levels of $0.82 or $0.38 if it doesn’t work out.

With expectation building around the hope of ETF approval, everyone is holding its breath for the SEC, with rumors hinting at the official announcement about to be made.

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Solana Crypto Bridge Volume Soars to $10.1B in 2025, Up 114%

Summary: Solana’s crypto bridges have seen a massive surge in activity, reaching $10.1 billion in total inbound volume as of February 2025—a 114% jump from the previous year. USDC leads in bridged assets, while deBridge is gaining ground on Wormhole. Despite the growth, Ethereum still dominates cross-chain transfers.

Solana’s crypto bridges are experiencing explosive growth, with total inbound volume hitting $10.1 billion by February 10, 2025. This marks a staggering 114% increase from the $4.7 billion recorded in February 2024, reflecting heightened activity across the network.

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According to blockchain analyst h4wk on Flipside, USD Coin (USDC) remains the most bridged asset, accounting for $3.9 billion in inbound volume and $4.7 billion outbound. Ether (ETH) follows with $2 billion, while Solana’s native token (SOL) recorded $1.5 billion inbound and $1 billion outbound.

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Wormhole has long been Solana’s dominant bridge, handling $7.3 billion in total transactions. However, deBridge is now making waves, surpassing Wormhole’s weekly volumes by 12% in February.

While Solana’s bridge activity remained modest for most of 2024, things accelerated between November and January. During this three-month period, over $6 billion flowed through its bridges, with $1.1 billion in November, $2.5 billion in December, and $3.2 billion in January.

Despite its rapid growth, Solana still trails Ethereum in cross-chain transfers. Ethereum bridges processed $38 billion in the same timeframe, with even its weakest month—April 2024—outpacing Solana’s strongest month.

Canary’s Solana ETF Advances in SEC Review Process

Canary just filed for a Solana ETF, following Grayscale. SEC is reviewing, and a decision could shape future altcoin ETFs.

Canary Capital is making moves in the crypto space by officially filing for a Solana (SOL) exchange-traded fund (ETF), following Grayscale’s similar filing last week. This marks a step forward in bringing Solana into mainstream finance, with the SEC now reviewing the “Canary Solana Trust.”

The SEC has opened a 21-day public comment period, giving the public a chance to weigh in. After that, they’ll decide whether to approve, deny, or extend the decision. A lot of crypto experts are hopeful that Solana and other altcoins will get their own ETFs this year, but no one’s sure exactly when that will happen or in what order. The vibe under the SEC’s new leadership seems more open to crypto compared to when Gary Gensler was in charge.

If Canary’s ETF gets the green light, it’ll make it easier for traditional investors to buy Solana the same way they buy Bitcoin through ETFs. Grayscale’s Solana ETF is a bit ahead in the process, and its outcome could give us a glimpse of how the SEC might handle Canary’s application. It’s an exciting time for Solana and altcoins in the finance world!

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Law Firms Take Legal Action Against Pump.fun for Misusing Memecoins and Logos

Two major U.S. law firms are suing Pump.fun for allowing shady memecoins that misuse their names, logos, and employees’ images.


Two of the most prominent law firms in the United States, Burwick Law and Wolf Popper LLP, are taking action against Pump.fun, a wild memecoin platform on Solana. They fired off a cease-and-desist letter demanding the removal of more than 200 tokens allegedly ripping off their names, logos-even employees’ faces.

One token, humorously named “Dog Shit Going NoWhere” (DOGSHIT2), is receiving serious heat over allegedly copying the firms’ names and creating legal and financial chaos. The lawyers say these aren’t just joke coins; they are part of a bigger scam to confuse investors, tamper with litigation, and threaten people.

This drama dates back to Jan 30, this year, when the firms sued Pump.fun for pushing risky, unregistered securities and running pump-and-dump schemes. They claim the platform, run by UK-based Baton Corporation, made nearly $500M from sketchy tactics.

Pump.fun, which just hit $3.3B in trading volume thanks to Trump-themed memecoins, hasn’t responded yet. But if they don’t clean up, legal trouble could wreck them. The lawyers warn that any more IP violations will bring more lawsuits, hinting this could turn into a long, ugly legal battle.

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February’s Top 5 Cryptos to Watch: XRP, Solana, Trump Coin, Dogecoin, and Pi Network

Big developments in February for XRP, Solana, TrumpCoin, Dogecoin, and Pi Network promise to create new opportunities for investors.


Crypto is about to heat up this February, standing tall with five big players for uptick. First is XRP. The ongoing case with the SEC might cause a huge shift in the case of a Ripple win, possibly sparking massive investment that could see XRP boost up the ladder close to Ethereum and Bitcoin. If an ETF approval happens, XRP might lure more institutional investors, and this month of February is quite critical..

Next is Solana (SOL). Known for its speed and low fees, Solana’s been gaining traction, especially after Donald Trump launched his official memecoin on this blockchain. With increasing interest in meme coins and potential ETF approval, Solana’s future looks promising as it continues to lead the charge in the decentralized finance (DeFi) and NFT space.

Then there is TrumpCoin ($TRUMP). Political factors and media hype might spur short-term interest, but meme coins like TrumpCoin are so dependent on buzz that February is anyone’s guess.

Dogecoin is still a fan favorite, thanks in large part to Elon Musk’s tweets. The billionaire has had a huge influence on its price. Dogecoin might just go on another tear as more and more people jump onto the meme coin bandwagon – if social media buzz calls for it.

Last but not least, Pi Network (PI). Known for their mobile mining, Pi is now preparing for mainnet in 2025, and February is expected to be an important milestone as the chain gets closer to full market integrations.

Thus, expect all these changes coming this month to the crypto market!

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Coinbase Bets Big on Solana & Hedera Futures – Here’s What’s Coming

Summary: Coinbase prepares to list the Solana, Hedera futures contracts in a big attempt at getting a chunk of crypto derivatives action. Watch for such contracts to hit the market as early as February 2025, pending regulatory approval, offering traders new ways of betting on SOL and HBAR.

It does, however, as Coinbase continues to attempt to ride the crypto wave-hot on the heels of big players like CME and VanEck also filing for Solana, XRP, and Litecoin ETFs. The exchange will introduce cash-settled futures with contract sizes of 100 SOL (~$24K) and 5,000 HBAR, which will give traders exposure to these assets without holding them directly. For smaller investors, “nano” Solana futures (5 SOL per contract) will also be available.

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Coinbase has been expanding its derivatives market under CFTC regulation, launching new products to meet growing demand. These contracts will settle on the final Friday of each month at 4 PM London time and will be cleared by Nodal Clear, LLC.

With crypto ETFs now available and changes in regulations perhaps looming, Coinbase is making a fairly bold bet that demand for futures trading will increase exponentially over the coming months. If that succeeds, it’s likely big days ahead for traders of Solana and Hedera.

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Jupiter DEX on Solana Secures Majority Ownership of Moonshot

Jupiter DEX bought Moonshot, a viral crypto app for memecoins like “TRUMP,” while burning tokens and boosting JUP prices—big hype for Solana DeFi!

Solana’s top DeFi player, Jupiter DEX, just made waves by snagging a majority stake in Moonshot, the self-custody app that lets you snag memecoins like a pro—yes, even with Apple Pay. The tea? Moonshot went viral after Donald Trump’s “TRUMP” token dropped on Jan 18, skyrocketing to the #1 spot in the U.S. App Store’s finance category. With nearly $400M in trading volume and a whopping 1M daily users by Jan 20, it’s safe to say Moonshot is a vibe.

Jupiter’s move isn’t just about flexing. Announced by their founder “Meow” (yes, really) at Catstanbul, Turkey’s first-ever Jupiter community event, this acquisition levels up the Solana DeFi game big time. They’re not stopping there, though. Jupiter also dropped another banger—burning $3B worth of JUP tokens and pledging 50% of trading fee income to buy back JUP. Naturally, this sent JUP’s price skyrocketing to $1.27, and the community is hyped.

This comes hot off their recent airdrop of 700K JUP tokens to 2M+ users. Jupiter and Moonshot are clearly out here trying to make Solana DeFi the main character, and honestly? It’s working. Big moves, big energy—Solana’s DeFi space is thriving!

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