Solana News: Altcoin XYZVerse Garners Attention, Potentially Rivaling Solana as CME Group Prepares to Launch SOL Futures

In the ever-evolving world of cryptocurrencies, a new altcoin named XYZVerse has captured the attention of industry insiders. Some predict that it could surpass Solana in popularity and market performance, just as CME Group prepares to launch Solana futures.

Crypto Insiders Are Betting on This Altcoin—Could It Surpass Solana?

A new digital currency is grabbing the interest of industry veterans. Rumors suggest it could be the next big thing. It is an altcoin that is accelerating quickly, and some predict it will outperform Solana. XYZVerse, named the Best New Meme project, combines sports and meme culture, attracting millions of fans. XYZepe, the masked combatant and $XYZ HODLer, aims to rank XYZV high.

CME Group to Launch Solana Futures, SOL Price Surges 20%

Solana [SOL] has registered a strong upswing on its price charts, recovering from a 6-month low of $125 to climb to $151, a 20% recovery. Over the same period, Solana’s trading volume spiked by 32.59% to hit $6.54 billion. The Options volume climbed by 63% to $5.12 million while Open Interest surged by 14.86% to $4.6 billion. This upward momentum may be driven by the CME Group’s announcement of the launch of Solana Futures on March 17 for micro-sized contracts and a larger-sized contract.

Big Money Bets on Solana: $14M in SOL Withdrawn from Binance

Crypto whales have actively increased their Solana (SOL) holdings through several significant transactions, withdrawing massive funds from Binance, the world’s largest crypto exchange. An analysis by Lookonchain revealed that deep-pocketed investors are increasingly focusing on SOL. Despite existing market uncertainties, whales appear to be establishing strategic market positions. Specifically, one whale withdrew 54,544 SOL ($7.46M) and another withdrew 41,096 SOL ($6.96M) from Binance within a short period, with one of these amounts being staked.

Massive Solana Unstaking and Deposits Impact Market Sentiment

Over the last 12 hours, five major whale accounts unstaked 5.52 million SOL, valued at approximately $810 million, while 3.54 million SOL [$516 million] was deposited into Coinbase Prime. Despite these significant movements, Solana’s price remains steady. The Total Value Locked (TVL) in Solana’s Liquid Staking Platforms has also remained stable, suggesting that whales may be repositioning themselves rather than exiting the network.