Global #SOL

Twelve Solana presale meme currency initiatives have reportedly been "completely abandoned" in the past month, according to ZachXBT.

A substantial number of Solana (SOL) tokens will be put up for auction by FTX's bankruptcy estate in anticipation of a crucial move. This tactic is a component of the liquidation plan that FTX started after it collapsed in November 2022.

According to trader and digital asset investor Dan Smith, there is an issue with spam transactions on the Solana (SOL) blockchain. The cryptocurrency enthusiast described how spammers increase the quantity of unsuccessful transactions on the blockchain network in a series of X posts.

Over the past week, there has been a notable 21% decrease in Solana's native token, SOL, which has reached its lowest value in almost six weeks. Given that SOL's price increase of 61% in March, investors may have been unduly enthusiastic. This decline has resulted in significant liquidations of leveraged long SOL futures contracts totaling $113 million since April 11.

Solana fell and started to drop toward $110. The price of SOL is currently repairing losses over $140 and encountering challenges in the $160 resistance area.

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further.