Solana News: SOL Price Stagnant Despite High Network Activity and Possible Recovery Signs

A look at the latest developments and future outlook for Solana’s SOL cryptocurrency.

SOL Price Stagnant Despite Solana’s High Activity

Solana has recorded 86 million transactions, outpacing other blockchains such as Tron, NEAR Protocol, and BSC. The blockchain analytics showed Solana [SOL] leading in daily active addresses with over 4 million. Despite this thriving activity, SOL’s price remains stagnant. However, there is a possibility of recovery from the dip following increasing liquidity from stablecoins. Solana’s high network usage dominance signifies that it operates as a highly scalable blockchain, establishing its position as a leading performer.

LIBRA Controversy: Was The Token’s $1.16 Billion Surge Rigged?

A meme coin on the Solana blockchain, LIBRA, saw an unprecedented rise in value, reaching a market cap of $1.16 billion within an hour before crashing. Early buyers profited millions, while approximately 75,000 traders lost their first deposits totaling over $280 million when the token fell more than 90% in value. Market watchers were puzzled by the abrupt shift, leading to allegations of insider activity.

Solana Price Analysis: $SOL Shows Stability Today, Eyeing on Key Resistance Levels

Solana ($SOL) is experiencing a relatively stable price movement with less volatility. Its current price shows a slight 0.77% increase over the past 24 hours, trading at $135.66. This stability comes after a significant surge yesterday, when the price jumped from around $121.3 to $135.14. $SOL is seemingly establishing an upward trajectory. The current market cap of $SOL is $69,103,665,603.44, with a 24-hour volume of $1,782,514,872.57. The circulating and cumulative supply of $SOL account for 509,928,977.02 SOL.

Investors Fear SOL Price Drop, Lightchain AI Gains Attention

As investors express concern over Solana (SOL) prices potentially dropping below $170, Lightchain AI, an innovative project combining AI with blockchain technology, is generating excitement. Currently in its presale phase, Lightchain AI has already raised over $16.4 million and is positioning itself as a top opportunity for 2025. With Ethereum remaining in the spotlight, Lightchain AI’s fresh approach and growing investor interest make it a promising contender.