Solana (SOL)

The FTX bankruptcy estate staked 5.5 million SOL worth $122 million on Solana, indicating bullishness on the token’s outlook.

Popular new blockchain game SAGE Labs is accounting for 15% of all transactions on Solana, helping send the SOL price up 1% in the past day.

Web3 gaming platform Star Atlas accounts for over 15% of daily transaction volume on the Solana blockchain, with over 2.29M transactions in the last 24 hours.

Solana has seen its SOL token price rise over 20% in recent weeks thanks to network upgrades, increased DApp usage, and growing NFT volumes.

Crypto analyst Inmortal believes Solana offers a generational opportunity for long-term investors, outlining a massive $250 price target for SOL.

An inverted head and shoulders pattern provides bullish hopes for Solana, but key indicators signal SOL still faces significant bearish momentum and uncertainty near-term.

The Solana Foundation outlined its plan to reshape the negative perception of blockchain gaming during the PlayGG event.

The total value locked on Coinbase’s Base layer-2 network has surged to nearly $400 million, surpassing rival Solana’s TVL.

NFT marketplace Magic Eden integrated Solana’s compressed NFTs, allowing mass production of NFTs at lower cost to promote wider adoption.

Solana price could fall 10% as FTX gets court approval to sell off $3.4B in crypto including SOL.