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SOL
Solana's Price Ticking Higher After Weekend Deep Freeze
Solana is rising higher in the last 24 hours after sluggish transaction processing spiraled into a near complete shutdown of activity on the protocol. The Solana Foundation says the root cause is "still unknown" and an investigation is underway. CoinDesk Managing Editor for Data and Tokens Danny Nelson discusses the latest developments.
Solana Surges as Memecoin Bonk Fires Up Community Interest
Solana's SOL token has been jumping in the past 24 hours, while other cryptocurrencies like bitcoin (BTC) and ether (ETH) are trading sideways. This comes as interest in the Solana community is swirling around the decision by the newly launched shiba inu-themed token Bonk (BONK) to do a large airdrop. "The Hash" panel discusses what this means for the ecosystem at large, as the token has faced recent selling pressure due in part to Solana's close links to Sam Bankman-Fried.
Solana Outlook in the Wake of Sam Bankman-Fried's Downfall
Solana's native token SOL has fallen roughly 90% in the past 12 months following the collapse of one of its most prominent backers, FTX. Solana Foundation's Head of Strategy and Communications, Austin Federa, joins "First Mover" to discuss his outlook for the blockchain. Plus, insights on SOL tokens' recent surge as the newly launched Bonk token gains interest in the community.
Vitalik Buterin Tweets Support of Solana
"The Hash" panel discusses the outlook for Solana as its native token SOL erased most of Thursday’s 15% fall after Ethereum co-founder Vitalik Buterin tweeted support for the blockchain most battered by FTX’s implosion. “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future,” Buterin tweeted shortly before SOL’s Thursday recovery began.
Trust Is Gained Over Time but Lost in an Instant: Analyst
Tokens related to cryptocurrency exchange FTX, including FTT and Solana (SOL), have fallen sharply amid contagion fears. Citi Digital Asset Analyst Joe Ayoub said "that's largely because of a lack of trust from users in these projects that are related to Sam [Bankman-Fried]."
Solana’s SOL Volatile Following Suggestive Tweet From Google Cloud
Solana's native token SOL is paring gains after surging about 15% over the weekend, following a tweet from Google Cloud that tagged the blockchain’s co-founder suggesting an important disclosure was in the offing. "First Mover" hosts Christine Lee and Lawrence Lewitinn weigh in.
Range-Bound Crypto Market, SOL, APE
CrossTower Co-Founder and CEO Kapil Rathi discusses the current state of the crypto markets as the Federal Reserve is expected to raise interest rates by 50 basis points this month. Plus, a conversation about crypto’s increasing correlation with tech stocks as a risk-on asset and the activity of certain altcoins like SOL and APE.
Solana Goes Dark For 7 Hours as Bots Swarm 'Candy Machine' NFT Minting Tool
The Solana network went dark Saturday night after bots swarmed the NFT mining tool Candy Machine, resulting in an unprecedented amount of traffic on the proof-of-stake chain. “The Hash" group discusses the native SOL token’s price reaction to the incident, as well as issues with scaling blockchains and Solana’s ambition as an “Ethereum-killer.”