2021-10-1 13:00 |
Solana-based NFT project Iconics appears to have pulled off a rug pull, defrauding unsuspecting investors of over $130,000. The post Solana NFT “Iconics” defrauds people of $130,000 in SOL appeared first on CryptoSlate. origin »
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Solana’s derivatives market is signaling something the price chart doesn’t fully show—and it matters right now. According to data from Coinglass, Solana’s total open interest across all exchanges is currently at $5.
Solana (SOL) is drawing selective investor interest even as the wider crypto market remains under pressure. While sharp price declines across major tokens have weighed on sentiment, recent fund flow data and on-chain activity suggest that capital is not exiting the ecosystem entirely.
The Solana price has entered the new month under pressure after losing a level that had acted as a psychological anchor for much of the past year. The token’s drop below $100 shifted market attention from recovery narratives to damage control.
Solana co-founder Anatoly Yakovenko has warned that the network will face extinction if it stops making improvements. Yakovenko’s comments came on the heels of Vitalik Buterin’s push to “ossify” Ethereum, potentially slowing an avalanche of network changes.
Solana is testing investor confidence as the SOL price slips back toward key support levels, even as the network continues to expand across multiple fronts. After briefly pushing above $147 earlier this week, the token failed to hold its gains and is now trading below $145.
