Tag: Solana

Solana Foundation Clarifies Stance on Andrew Tate Hackathon Controversy

Andrew Tate’s fake Solana-linked hackathon got shut down; Solana denies ties, warns devs to verify events and avoid scams.

Andrew Tate’s latest stunt got him into hot water again. He launched a “HACKATHON G-AI” event on X, promising over $1M in prizes and claiming partnerships with top venture firms. But, in his promo video, he threw Solana Foundation’s logo up there, making it look like they were backing the hackathon. Not cool.

Solana Foundation quickly shot down any connection with Tate’s event, calling out the misuse of their brand. Solana’s CMO, Akshay, went to X to clear the air. He warned people to “Do Your Own Research” and stay cautious. He made it clear that the Solana Foundation had zero involvement.

Tate’s reputation is already pretty messed up due to his controversial remarks and ongoing criminal investigations, and this incident just adds more fuel to the fire. The hackathon now looks really sus, and anyone interested in joining must double-check the details before getting involved.

In the end, this serves as a reminder to crypto fans and developers to be extra careful with events and promotions online. Don’t fall for fake partnerships or scams—always verify before jumping in.

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Solana’s Gas Fees Overtake Ethereum’s in the Past Week

Solana’s gas fees hit $32.2M, surpassing Ethereum, driven by rising transactions, memecoin trading, and DEX usage.

Solana has been making big moves lately. Just recently it surpassed Ethereum in gas fees. Nansen CEO Alex Svanevik recently shared that Solana brought in around $32.2 million in fees, while Ethereum made $25.5 million. This shows Solana’s growing popularity and potential to compete with Ethereum.

So, what’s behind this spike? Well, Solana’s been processing more transactions than ever before. It’s becoming pretty much the go-to platform for smart contracts, and more people are using it daily. Memecoins have also created a lot of buzz on platforms like Pump.fun, driving up transaction volume.

Additionally, decentralized exchanges (DEXs) like Raydium are seeing more activity, contributing to the rise in fees. With Solana handling about 718.65 million transactions in just seven days—around 87 times more than Ethereum—it’s clear that Solana is becoming a major player in the blockchain space.

These higher transaction counts are causing more network congestion, leading to occasional transaction failures and higher gas fees. If this trend continues, Solana could challenge Ethereum’s dominance in the blockchain world.

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User Faces $208k Fee for Solana Transaction Shocker

A Solana user paid a wild $208k fee by mistake, showing how blockchain errors can cost big time. Double-check, folks!



A Solana user recently paid a jaw-dropping $208,692 fee (1,068 SOL) for a transfer of just $95k worth of assets. Ouch! The transaction took place on 8th of jan this year, where 495.5 SOL (around $94,837) was sent from one wallet to another. But the kicker? The transaction fee was a whopping 1,068 SOL, with most of it being a priority fee.

Solana’s best known for its low fees, usually around $0.00025 per transaction. This means its definitely an outlier. The massive fee likely happened because the user selected an insanely high priority fee, thinking it would speed up the process. But with Solana’s high throughput, most transactions get confirmed fast without that extra push.

This isn’t the first time we’ve seen crazy blockchain fee mistakes. About a decade ago, a Bitcoin user accidentally paid 291 BTC (about $137k at the time), and in the pandemic era, an Ethereum transaction had a 10,668 ETH fee ($2.6 million).

Moral of the story: always double-check your transaction details! Blockchain transactions are irreversible, and mistakes can be expensive. This incident shows why user education and smarter transaction systems are a must for the crypto world. Stay safe out there!

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Solana Co-Founder Faces Lawsuit Over Alleged Misuse of Ex-Wife’s SOL

Short Summary:
Solana co-founder Stephen Akridge is caught in a messy legal battle with his ex-wife Elisa Rossi, who claims he swiped millions in staking rewards from her crypto wallet.

A Crypto Drama Unfolds
Stephen Akridge, co-founder of Solana, is under fire as his ex-wife Elisa Rossi sues him for allegedly stealing “millions of dollars” in SOL staking rewards. According to court filings in San Francisco, Rossi accuses Akridge of exploiting her lack of crypto knowledge to siphon off rewards she earned through staking—a process that generates passive income for crypto holders. She claims Akridge’s insider knowledge of blockchain tech gave him an unfair advantage in this high-stakes dispute.

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High-Stakes Tokens, Low Trust
While the lawsuit keeps the exact value of the disputed SOL tokens under wraps, Rossi describes the sums as “significant.” She’s also requested parts of the complaint remain confidential. This legal clash puts a spotlight on the risks of shared digital asset management, especially when one party holds all the expertise cards.

SOL: Bouncing Back, Despite the Drama
Meanwhile, Solana itself is thriving, reclaiming its status as a top crypto contender despite past turbulence linked to FTX’s meltdown. The lawsuit might be a headline-grabber, but SOL’s recent surge proves the coin is still a fan favorite in the crypto-verse.

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Sonic Rewards Solayer Delegators with Token Airdrop

Summary: Sonic SVM which is a well known Solana layer-2 blockchain solution is now gearing up for a token airdrop to reward users who’ve supported its Actively Validated Service (AVS). Delegators staking SOL or Liquid Staking Tokens (LSTs) through Solayer will get in on the action ahead of Sonic’s Token Generation Event (TGE) in Q1 2025.

Free Tokens for Sonic Supporters

Big news for Solana stakers! Sonic SVM is giving back to its loyal supporters with an airdrop of its upcoming tokens. If you’ve been delegating your SOL or LSTs to Sonic’s AVS via Solayer, you’re on the VIP list. A snapshot of eligible wallets will be taken before the TGE, so early supporters don’t miss out.

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With $80 million in SOL staked by over 81,000 users, Sonic is already dominating Solayer’s AVS scene. And with the restaking ecosystem hitting $360M in Total Value Locked (TVL), this airdrop couldn’t come at a better time.

Staking + DeFi Perks = Win-Win

Thanks to its partnership with Solayer, Sonic isn’t just handing out tokens. Delegators can also snag added liquidity through Liquid Restaking Tokens, letting them play around in DeFi platforms like Banx, Orca, and Meteora.

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Sonic CEO Chris Zhu said, “This airdrop is our way of saying thanks to the people who’ve backed Sonic from the jump.” He added, “We’re building something big here, and we want our community to share in the wins.”

Pudgy Penguins Set to Debut PENGU Token on Solana

Pudgy Penguins is dropping its PENGU token on Solana, giving fans a chance to vibe with the community. With 88.8B tokens, holders and new “Huddle” members get major shares. The team has a vesting plan, and the NFT hype is real with $8M in trades and big retail deals.

The Pudgy Penguins fam just dropped a bombshell: their very own crypto, PENGU, is landing later this year on the Solana blockchain. The team announced it on X (formerly Twitter), hyping up their millions of fans and anyone who can’t get enough of those adorable penguins.

PENGU Basics 🐧💸

This isn’t just another token—PENGU is built to bring the Pudgy Penguins vibe to a whole new level. The supply? A chill 88,888,888,888 tokens. Even though the OG Pudgy Penguins NFTs are on Ethereum, they’ve picked Solana for this new chapter.

How’s the PENGU Pie Split?

Here’s how the tokens will be dished out:

  • 23.5%: For current Pudgy Penguins NFT holders (early penguin perks, anyone?).
  • 22.02%: Shared between Ethereum and Solana fam.
  • 12.32%: Boosting liquidity on decentralized exchanges.
  • 25.9%: For the Pudgy Penguins community—spread the love.
  • 24.12%: For new members and other NFT communities.

And of course, the core team isn’t left out. They’re getting 17.8%, but they’ll need patience—there’s a one-year cliff and a three-year vesting. The company itself holds 11.48%, also with similar rules.

The Pudgy Penguins Glow-Up 🐧✨

Since their debut in 4 years ago, these penguins have been thriving. With only 8,888 NFTs in the collection, their floor price is flexing at 17.90 ETH (around $68K). They’ve also teamed up with Walmart and Target to bring their charm to the mainstream.

Oh, and their recent trading stats? Wild. A 212% volume spike hit 2,877 ETH in a single day—that’s $8M, BTW. The collection’s market cap sits at a cozy $609M.

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Jupiter Launches Voting for Huge ‘Jupuary’ Airdrops on Solana

Jupiter’s “Jupuary” airdrop on Solana is about to begin. 700M $JUP tokens are already up for vote as we write. The main objective is to encourage decentralization and the overall community involvement. A significant precedent for DeFi governance will be set after the first round goes live if the vote reaches 70%. This November is the last day to vote.

Jupiter, the decentralized exchange on Solana, just kicked off voting for its massive “Jupuary” airdrop. Its set to give away 700M $JUP tokens in two rounds. The goal is to get the community involved and make governance more decentralized. To move forward, the vote needs at least 70% approval from the community.

Voting is happening right now (Nov 25–29) and is already making history. This is the first-ever DAO vote with live and verified feedback from real voters. If it hits the 70% mark, one round of token distribution will go live, with more rounds depending on future votes.

The whole point of this is to give the community more power and make $JUP a key player in DeFi governance. While this isn’t Jupiter’s first airdrop, it’s by far the biggest. Everyone’s watching to see if this sets a new bar for large-scale token drops.

Following a huge $1.4 billion worth of $JUP tokens up for grabs now, and the vote still ongoing, this endeavor may be setting a new benchmark for decentralized enterprises. If successful, it will undoubtedly strengthen $JUP’s position in the Solana ecosystem and increase overall community involvement.

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Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

The crypto market’s on the rise, and Solana (SOL) is absolutely crushing it on the game, crossing $260, and Binance Coin (BNB) is just chilling, waiting for its next move. Solana’s hype is real, with predictions to hit $1,000+ by 2025, while BNB might soon break out and hit $1,000.

The crypto market has been on a constant rise of a while now and it continues to grow even bigger everyday. Solana’s token SOL swung high up and soared past $260 recently. Meanwhile, Binance is also preparing itself for a massive jump very soon.

Solana Prediction Till 2025

Solana (SOL) is going off hard right now. It’s been outpacing a lot of top altcoins, with its price skyrocketing 60% this month, crossing $260. Over the past week, it’s up more than 25% and looks set to close above $270 for the week.

Solana may swiftly surpass $300 if it can merely break above $265, which would increase investor confidence. Top cryptocurrency Gs are rather optimistic on it, and indicators like the 20 VWMA and the 14-day RSI are also displaying additional higher momentum.

According to well-known pundits like blue_collarvest, Solana might reach $1,300 by 2025. CryptoYapper predicts that in the upcoming six to twelve months, it will rise between $1,000 and $1,200. Given the increasing interest in memecoins, Solana is among the greatest cryptocurrencies to wager on at the moment.

Binance Coin (BNB): Returning Soon!

Binance Coin (BNB), the top token from the Binance exchange, hasn’t been doing that great this week. Solana has recently passed it, and BNB holders are hoping for a better run ahead. The price went up 7% in the last month and 4% this week, sitting just above $630.

Even though it’s had a slow week compared to coins like SOL, ADA, and XRP, experts believe BNB’s preparing itself for a big jump. Key indicators show it’s trading above important levels, like the 10-EMA ($619) and 10-SMA ($621), suggesting the price might go up soon.

Analysts are still bullish on BNB, predicting solid gains. CryptoFaibik set a mid-term price target of $1,000, while Blockcastcc thinks that if it breaks above $662, it could surge all the way to $1,630, making it one of the top cryptos to watch.

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Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

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Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge





Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

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Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

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