The price of embattled cryptocurrency Solana (SOL) has shot up by over 11% over the past 24 hours, per CoinGecko. The New Year price bump has seen the cryptocurrency reclaim $11 after several days trading below double-digits.
The news follows a show of support from Ethereum founder Vitalik Buterin, who tweeted last week that “smart people” have told him there is an “earnest smart developer community in Solana,” and that the chain has “a bright future” now that “the awful opportunistic money people have been washed out.” Buterin added that he hopes the Solana community “gets its fair chance to thrive.”
However, Solana’s New Year pump hasn’t canceled out the battering the would-be “Ethereum killer” has taken over recent months.
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.
Hard for me to tell from outside, but I hope the community gets its fair chance to thrive🦾🦾
The cryptocurrency is down nearly 20% in the past month and has lost over 95% of its value since reaching an all-time high of nearly $260 in November 2021.
SOL slid from fifth place on the list of largest cryptocurrencies by market cap in November 2022 to 19th at the time of writing; earlier this month it briefly slipped out of the top 20.
Contagion from the collapse of crypto exchange FTX likely accounts for a large part of Solana’s recent price woes; in November the Solana Foundation shared details of its financial entanglement with the now-bankrupt exchange and its sister firm Alameda Research.
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Solana has had a year of amazing growth—but also multiple network outages. Co-founder Anatoly Yakovenko joined Dan Roberts and Stacy Elliott on the gm podcast to talk about the outages, what's next for Solana at its upcoming Breakpoint event, how it competes with Ethereum, how long he expects the bear market to last, what's happening with NFTs on Solana, and much more. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Most major cryptocurrencies are down significantly over the past week amid the destruction of popular exchange FTX, but Solana (SOL) has taken a tougher pounding than most, apparently exacerbated by ties to FTX and founder Sam Bankman-Fried. Today, the Solana Foundation detailed the extent of its financial links to the crumbling FTX empire.
In a blog post, the Solana Foundation said that it had approximately $1 million worth of cash or equivalent assets on FTX as of November 6, before the site s...
DeGods, a popular NFTs collection that utilizes the Solana network, is set to migrate to the Ethereum ecosystem in the first quarter of this year.
In addition, another popular NFT project, yOOts, is set to move to Polygon, an Ethereum-based Layer-1 network.
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Leading cryptocurrency Bitcoin has had a volatile start to the week as it rose 2.5% from $103,850 to $106,500 before slumping 3.8% to $102,450 on Monday.
With Bitcoin’s major moves $178.46 million worth of positions have been liquidated over the past 24 hours, according to CoinGlass, with a fairly equal split between long and short positions.
This comes as a class action lawsuit was filed against MicroStrategy, the firm led by Michael Saylor that is bullishly acquiring Bitcoin, claiming that the...
Bitcoin’s rally has lifted the value of El Salvador’s holdings as the asset continues to prove itself a savvy investment for Central America’s smallest nation.
President Nayib Bukele shared a screenshot Sunday showcasing how the country’s Bitcoin holdings were worth over $644 million following an increase of 30 BTC last month.
🤷🏻♂️ pic.twitter.com/05izbAR202
— Nayib Bukele (@nayibbukele) May 19, 2025
Though that total has since retraced slightly to around $637 million, El Salvador’s Bitcoi...
Meme coins are once again outperforming broader crypto markets as renewed investor appetite drives up prices and trading volumes across speculative assets.
The rally marks a return of risk-on sentiment in the sector, with meme coins—often driven by retail enthusiasm and social media virality—outperforming many major Layer-1 tokens.
Meme coins saw steep corrections in the weeks following President Donald Trump’s January inauguration, as speculative appetite cooled and momentum faded across the b...
