2024-5-18 21:20 |
Solana proved to be the fastest among major blockchains, according to a report by CoinGecko. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
Solana negative sentiment spikes to 2026 highs while trading volume hits lows, a setup likely to catch bearish traders off guard despite strong RWA narratives.
Solana has slightly recovered following the heavy selling pressure on Wednesday. The coin dipped 3% on Wednesday amid strong bearish momentum. The bearish trend was due to the weakening institutional inflows and declining activity in the derivatives market.
SOL pauses after a 14% weekly rally, but rising institutional interest, strengthening derivatives data, and growing on-chain activity continue to support the case for further upside. While the recent rally has temporarily stalled around the $81.
Santiment's June review shows Bitcoin slumped amid heavy ETF outflows, AI stocks draining crypto liquidity, and Solana memecoin turmoil, resetting.
Solana validators can now submit and vote on governance proposals onchain using a stake-weighted mechanism, lowering the dominance of off-chain decision-making.
Solana's 15% rise and social volume surge, fueled by tokenized stock hype, signal a decoupling from broader crypto markets, according to Santiment data.
Solmate shares have fallen 98% after its Solana treasury pivot, as RBCH sues directors over alleged self-dealing before the AGM vote.