Global #Solana blockchain

In a recent trend, celebrity-themed meme coins launched on the Solana blockchain have faced dramatic drops in value, with some losing up to 99% of their peak prices within their first month. This phenomenon highlights the volatile nature of meme coins, particularly those buoyed by celebrity endorsements.

American singer Jason Derulo is facing criticism after selling thousands of dollars worth of his new cryptocurrency, JASON tokens, despite previously stating he "WILL NEVER SELL."This revelation comes from analytics firm Bubblemaps, which claims Derulo sold tokens despite his strong public assurances.

In the ever-evolving world of cryptocurrency, the Solana blockchain has emerged as a leading player, renowned for its high transaction speeds and scalability. However, like any decentralized network, Solana has not been immune to the threat of malicious attacks. One such attack that has plagued blockchain platforms is the "sandwich attack," a sophisticated technique that exploits the order of transactions to manipulate prices and extract profits.

Solana, ranked as the fourth-largest blockchain by total value locked (TVL), is witnessing a surge in institutional adoption.

PayPal has revealed its decision to adopt the Solana blockchain for expanding its stablecoin, PayPal USD (PYUSD), marking a significant departure from its previous reliance on the Ethereum ecosystem.

Phantom, a renowned cryptocurrency wallet tailored for the Solana blockchain, has surged to the top spot among finance apps on Google Play in the United States, outpacing competitors like Block’s CashApp and PayPal.