Lưu trữ cho từ khóa: Solana

Altcoin

Ethereum’s Buterin dumps 10b MOODENG tokens, donates $640k to his charity fund

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Vitalik Buterin appears to have sold 10 billion MOODENG tokens and donated over $640,000 worth of crypto to his biotech charity fund.

Ethereum co-founder Vitalik Buterin has sold 10 billion (MOODENG) tokens, donating the proceeds to his biotech fund Kanro, while advocating for memecoins to maximize positive impact through charitable contributions.

According to on-chain data from blockchain analytics firm Lookonchain, the sale brought in 308.69 ETH, worth about $762,000, of which Buterin donated 260.16 ETH (around $642,000) to his biotech fund Kanro.

Following the trade, Buterin addressed the sale on X, expressing support for memecoins that contribute to charitable causes. He mentioned that any tokens sent to him are donated to charity, including the MOODENG tokens, which he allocated to anti-airborne disease technology.

“I’ve said before that I think the best thing for memecoins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!”

Vitalik Buterin

MOODENG tanks 20% following Buterin’s sale

Despite Buterin’s clarification, the sale caused concern among crypto holders, triggering a 20% drop in MOODENG’s price to $0.10.

Co-founded by Buterin, Kanro directs resources to pandemic solutions, particularly in low-income countries, with a focus on open-source or IP-free projects. In November 2023, Kanro gifted $15 million to the PolyBio Research Foundation to focus research and clinical trials on SARS-CoV-2.

MOODENG, a memecoin launched on Solana through Pump.fun, was inspired by Moo Deng, a baby pygmy hippopotamus from Thailand. The token has quickly gained traction, amassing over 18,000 holders and surpassing a $100 million market cap, with $145 million in 24-hour trading volume.

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Theo Crypto News

Altcoin

Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

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Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

Cat-themed meme coin Giko Cat (GIKO) is up by 52% in the last 24 hours. It is the largest gainer as per CoinGecko’s top gainers list during this period.

The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).

GIKO is up by over 280% in the last seven days and up 2,100% in the last 30 days. This notable surge happened amidst the highly volatile market conditions.

Source: CoinGecko

InSure DeFi pumps 40%

InSure DeFi (SURE) is second on the list as the top gainer with its 40% surge. Trading at $0.003166, the coin has surged from its seven-day low of $0.00203.

Even though its 24-hour pump is commendable, the meme coin is down by over 35% in the last 30 days.

Source: CoinGecko

Unlike GIKO, InSure DeFi is not a meme coin and is part of a crypto and RWA portfolio insurance ecosystem.

However, the exact reason for the surge of InSure is not clear as there haven’t been any notable development announcements in the last 24 hours.

Sudeng bags the third position

Sudeng (HIPPO) is another spin-off token inspired by the Moo Deng hippopotamus. According to CoinGecko, HIPPO is the third-largest gainer in the last 24 hours.

Source: CoinGecko

Amid the not-so-bullish market conditions, this meme coin has managed to surge by over 36%. HIPPO has gained investor attention as analysts are shilling the coin all over X.

With the meme coin now standing at a $169 million market cap, analysts speculate that $200 million could be next.

However, the meme coins can quickly reverse course and wipe off all the gains in just a day.

Moo Deng (MOODENG) is a prime example, as the meme coin lost over 40% in the last seven days after a notable surge.

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Theo Crypto News

Phân tích

Solana price nears death cross as weekly DEX volume rises 46%

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Solana continued its downward trend, falling for four consecutive days as a sea of red engulfed the crypto industry.

Solana (SOL), the fifth-biggest cryptocurrency, retreated to $135 on Thursday, Oct. 3, its lowest point in over three weeks. It has also moved into a local correction, falling by 16% from its highest level last week.

Its sell-off coincided with the ongoing retreat of most Solana meme coins. Dogwifhat (WIF) has dropped in the last three consecutive days. Other tokens like Popcat (POPCAT), Cat in a dogs world (MEW), and Book of MEME (BOME) have all retreated. According to CoinGecko, the market cap of all Solana meme coins retreated by 7% to $7.8 billion.

More data shows that Solana has continued to gain market share in the decentralized exchange industry. According to DeFi Llama, the weekly volume handled in its ecosystem has risen by 46% to $9.25 billion, making it the second-biggest player after Ethereum, which processed tokens worth $9.6 billion.

Most of the gains were in Raydium, whose volume rose by 71% to $4.3 billion. It was followed by Orca, Phoenix, and Lifinity, which processed transactions worth $3.1 billion, $933 million, and $734 million, respectively. 

Additionally, Solana’s ecosystem is doing well as the total value locked rose to over $5.06 billion, the highest point since 2022. Six of the biggest networks like Jito, Kamino, Jupiter, Marinade, and Raydium have achieved a $1 billion in TVL. 

The ongoing Solana sell-off is mostly due to rising geopolitical risks. The NYT reported that Israel was considering launching a war with Iran. Such a war will likely stir inflation, pushing central banks to slow down on interest rate cuts.

Solana price could form a death cross

Solana price chart | Source: TradingView

The daily chart shows that the Solana price has formed a series of lower highs and lower lows since March. It has also found a strong support at $121.65, where it struggled to move below since April 12.

Solana is approaching the 50% Fibonacci Retracement level, while the 200-day and 50-day Exponential Moving Averages are about to form a death cross. Such a formation would likely trigger more sell-off, with the initial target being at $121.65. A break below that level will validate the bearish breakout and lead to more downside. 

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Theo Crypto News

Công nghệ

Solana integrates with Router Protocol for better cross-chain connectivity

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Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, is improving cross-chain functionality through a new integration with Solana.

The partnership enhances cross-chain interactions, enabling users to access multiple blockchain ecosystems and improve decentralized applications, according to a press release shared with crypto.news.

This move allows Solana’s (SOL) ecosystem, including its decentralized exchanges, non-fungible token marketplaces, and decentralized finance projects, to connect with other major blockchain networks like Ethereum (ETH), Avalanche (AVAX), and Polygon (POL).

Router Protocol is a decentralized tool for cross-chain communication. It essentially helps blockchains interact with each other. This is important because many blockchains operate in isolation, limiting their ability to share assets, data, or services across networks.

By integrating with Router, Solana users and developers can now engage with over 25 other blockchains, expanding their reach and liquidity, according to the release.

Solana’s ecosystem

Solana has built a strong presence in DeFi, NFTs, and even meme coins. Top DeFi projects like Jupiter (JUP) and Raydium have billions in total trading volume, while NFT marketplaces such as Magic Eden have minted millions of NFTs. 

However, despite this growth, Solana has faced challenges due to its unique Proof of History consensus, which has limited its interoperability with other networks.

Why cross-chain matters

Cross-chain functionality allows different blockchains to interact, unlocking new opportunities for users and developers. For example, Solana’s decentralized apps can now perform transactions across multiple chains from a single interface.

This includes tasks like swapping tokens, staking assets, or trading NFTs across different networks, simplifying the user experience.

Router Protocol launched its Layer-1 solution, Router Chain, in July to enable cross-chain interoperability between Bitcoin, Ethereum, and the Cosmos (ATOM) ecosystem. The launch introduced chain abstraction technology, allowing developers to build decentralized applications for cross-chain money markets and omnichain tokens. 

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Theo Crypto News

DeFi

POPCAT leads the market with 6% surge in 24 hours

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Popcat, a meme token on the Solana blockchain, saw a remarkable rally, emerging as the highest gainer among the top 100 crypto assets over the past day.

At press time, Popcat (POPCAT) was up 6.2%, exchanging hands at $0.9918. The meme coin also saw 7.4% gains over the past week, with the highest gains recorded on Sept. 25 as both its price and market cap surged past $1 and $1 billion, respectively, marking their all-time highs.

The memecoin’s market cap now stands at $970 million, with its daily trading volume hovering around $107 million.

According to an X post by the pseudonymous analyst Bluntz, Popcat is showing positive signs again, with a healthy ABC correction pattern visible on the 4-hour chart, just below its all-time highs. The setup typically indicates a temporary counter-trend movement within a larger trend. 

Traders watching this pattern often interpret it as an opportunity to enter long positions in anticipation of the next upward move. Based on this, Bluntz speculated that the next upward move could help POPCAT break past its previous ATH.

A look at Coinglass data shows POPCAT’s open interest has surged by 12.6%, hitting an all-time high of $125.71 million at the time of writing, reflecting growing trader activity which seems to be fueling the meme coin’s ongoing rally. Additionally, the weighted funding rate has reached a record high of 0.0484%, further reinforcing the coin’s upward momentum.

Social sentiment surrounding the memecoin was also largely bullish, with 70% of participants expecting further gains in the short term, per CoinMarketCap data.

On the 1D chart, POPCAT currently stands above its 50-day EMA suggesting that the asset is gaining upward momentum and traders may view it as a potential buy signal for further gains.

The surge has propelled POPCAT close to the upper Bollinger Band, which currently sits at $1.1075. This indicates that the asset will soon reach an overbought zone, though it also supports the bullish momentum in the short term.

POPCAT price, Bollinger Bands and RSI | Source: crypto.news

Additionally, the Commodity Channel Index sits at 78.87, adding weight to the idea that POPCAT’s rally still has room for further gains before reaching overbought levels.

Should POPCAT continue its upward momentum and break through the $1.1075 resistance, the next psychological target could be $1.2. Conversely, failure to hold current support levels could lead to a pullback, with the middle Bollinger Band around $0.8497 acting as a key support zone.

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Theo Crypto News

Phân tích

LandWolf, Moo Deng surge as Solana DEX volume jumps

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Solana-based meme coins led the charge as the crypto fear and greed index approached the greed zone of 60.

LandWolf (WOLF) and Moo Deng (MOODENG) were the best-performing tokens as they rose by over 112% and 56% on Sep. 27.  WOLF has surged by over 390% from its lowest point this month, bringing its market cap to over $38 million.

Moo Deng has performed even better, skyrocketing by over 1,800% from the September low, pushing its valuation to nearly $200 million.

Other popular Solana (SOL) meme coins have also seen double-digit gains in the past few days. Notably, Popcat (POPCAT) surged, bringing its market cap to $1 billion for the first time.

Their performance coincides with improved sentiment in the crypto market. Bitcoin has jumped from its September low of $52,000 to over $65,000, while the crypto fear and greed index has risen from the fear zone of 34 to 56.

Meme coins often outperform large-cap coins like Bitcoin and Ethereum during bull runs due to their lower prices.

Additionally, data shows that Solana’s decentralized exchange volume has risen by over 32% to $6.3 billion in the last seven days. This volume was largely driven by decentralized exchange platforms like Raydium, Orca, Phoenix, and Lifinity.

Data from Solscan shows that many investors have purchased Moo Deng and LandWolf, which explains their rising daily volume. LandWolf has over 45,000 holders while Moo Deng has accumulated more than 20,000 holders.

One of Moo Deng’s holders was highlighted by LookOnChain, which noted that the trader had converted $1,331 into $3.4 million within 15 days. Another trader bought the token when its market cap was at $70,000, making a profit of almost $392,000. Such statements often lead to fear of missing out, triggering parabolic price moves.

Additionally, Ki Young Ju, the CEO of CryptoQuant, noted that cryptocurrencies were soaring due to the anticipated release of Changpeng Zhao, the founder of Binance.

Other catalysts for LandWolf, Moo Deng, and other cryptocurrencies include Federal Reserve interest rate cuts and massive stimulus measures by the Chinese government.

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Theo Crypto News

Phân tích

Whale unstaked $30m in SOL; will Solana crash again?

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A Solana validator, with a history of price fall, unstaked a large amount of the asset again as the market saw a mild correction.

On-chain data shows that a Solana (SOL) whale unstaked 200,000 tokens over the past three days. The validator then deposited the assets, worth roughly $30 million, to Binance, the largest cryptocurrency exchange by trading volume.

According to data from Solscan, the validator unstaked and sold 1.2 million SOL, worth $178 million, between June and July. That caused the Solana price to plunge from $170 to $125 in less than three weeks.

Solana witnessed a pretty similar sentiment to the whale’s movements. According to data provided by Santiment, the weighted sentiment around Solana on social platforms on June 7, when the validator started unstaking.

SOL price and sentiment – Sept. 26 | Source: Santiment

The social sentiment around the asset has been constantly declining over the past week and is currently seeing a neutral momentum.

It’s important to note that the current $30 million is almost six times lower than the $178 million selloff four months ago.

Solana recorded a 9% price hike over the past week and has been consolidating around the $150 mark in the past 24 hours despite the market-wide correction. 

SOL price and RSI – Sept. 26 | Source: crypto.news

So far, there have been no signs of a massive SOL selloff and the asset’s daily trading volume decreased by 33%, currently hovering at $1.9 billion.

Per data from crypto.news, the SOL Relative Strength Index is sitting at 48. The indicator shows that Solana is in a neutral zone — neither overbought nor oversold — at this price point.

If the broader crypto market continues its upward momentum, SOL’s price fall is unlikely, but caution would be advised.

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Theo Crypto News

Công nghệ

DRiP CEO: Crypto’s transparency and speed diminish any speculation

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Vibhu Norby, CEO of DRiP, suggested in a recent talk that blockchain technology reduces speculation due to its transparency and rapid information flow. 

Speaking to an audience at Solana Breakpoint, Norby used a simple prop, a bag with a purple wig, to illustrate how knowing what’s inside eliminates speculation. 

He compared this transparency to blockchain technology technology, where all participants have access to the same information.

“A blockchain is a system where everybody knows all of the information at all times. It’s very hard to argue that there isn’t speculation happening, because, again, anyone can speculate on anything at any time.” 

Vibhu Norby

Norby pointed out that speculation arises when people don’t fully understand a situation. In traditional markets, investors often guess the value of assets based on incomplete information.

Blockchain, however, operates differently — making every transaction visible on a public ledger limits the need for speculation.

Blockchain speculation

To further his point, Norby elaborated on the concept of loans in blockchain and DeFi.

In traditional lending, loans are often based on credit and opaque valuations, leaving room for speculation. On-chain lending, on the other hand, requires full collateralization — meaning the loan is fully backed by the asset’s value, which is publicly visible and verifiable.

This, Norby argued, makes it much less speculative.

While the rapid rise and fall of token prices may appear speculative, Norby explained that this is simply the market quickly discovering the real value of tokens. He suggested that faster blockchains like Solana (SOL) reduce speculation even further by enabling nearly instantaneous price discovery. 

According to Norby, many tokens rapidly lose value because the market immediately identifies their lack of underlying worth. Though speculation can never be entirely eliminated, Norby believes blockchain’s transparency and speed make it inherently anti-speculative.

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Theo Crypto News

Phân tích

Polymarket: Odds of Iggy Azalea lawsuit rise amid online casino plans

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Rapper Iggy Azalea’s crypto token continued its rebound after she unveiled plans to release an online casino called Motherland.

Mother Iggy (MOTHER) rebounded to a high of $0.0950, up by 180% from its August low. This recovery has brought its valuation to over $88 million.

Part of the surge can be attributed to Azalea’s decision to launch Motherland, an online casino that will use her token for transactions. The casino, set to launch in November, will feature games like blackjack, roulette, and poker.

This initiative is part of her strategy to ensure that the MOTHER token is not just another meme coin. Azalea hopes to give it more utility, including enabling users to purchase phones and monthly plans.

However, MOTHER and other celebrity tokens remain significantly lower than their levels a few months ago. MOTHER has dropped by 63% from its highest point this year.

Similarly, Andrew Tate’s (DADDY) token has plunged by over 74% from its record high, while Caitlyn Jenner’s (JENNER) has slumped by over 96%, giving it a market cap of just $170,000. All celeb tokens tracked by CoinGecko have a market cap of $92 million.

Meanwhile, Polymarket users have raised their odds that the U.S. government will bring charges against Azalea. Odds of her being charged rose to 25%, the highest level since July 28, and up from this month’s low of 8%.

Odds of Iggy Azalea lawsuit rise | Source: Polymarket

Celebrities have been charged in the past for promoting cryptocurrencies. In 2022, Kim Kardashian paid $1.26 million to the Securities and Exchange Commission on allegations that she touted the EMAX token. The SEC also fined Floyd Mayweather and DJ Khaled for launching initial coin offerings.

MOTHER is forming a cup and handle

MOTHER price chart | Source: TradingView

The MOTHER token has bounced back and crossed the 25-day Exponential Moving Average. It has also risen above the weak stop-and-reverse point of the Murrey Math Lines at $0.0855.

Additionally, there are signs that it is forming a cup and handle chart pattern, a popular bullish indicator. It has also established a triple-bottom pattern at $0.033, while the Average Directional Index has risen to 34, indicating a strong trend.

Therefore, the MOTHER token is likely to continue rising ahead of the Motherland casino launch in November.

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Theo Crypto News