Solana News: STARDEER Launches $10 Million Fund to Accelerate Solana Ecosystem Growth

In a move that underscores the growing momentum behind the Solana blockchain, global digital asset trading platform STARDEER has announced the launch of a substantial fund aimed at boosting the ecosystem’s development. Here’s a closer look at the initiative and its potential impact on Solana’s future.

STARDEER Launches $10M Fund to Boost Solana Ecosystem Growth

Global digital asset trading platform STARDEER has announced the launch of a $10 million fund to accelerate the development of the Solana ecosystem. This initiative seeks to provide early-stage funding, liquidity incentives, developer rewards, and zero-fee listings for promising projects. Solana has gained significant traction due to its high throughput and low transaction costs, making it a prime environment for decentralized applications (DApps) and financial tools. However, many projects struggle with early funding and market exposure. STARDEER’s fund aims to address these gaps by fostering growth and driving engagement.

Mario Nawfal Accused of $7 Million Meme Coin Rug Pull with ROSS Token

Mario Nawfal faces allegations of orchestrating a $7 million rug pull with the ROSS token. The controversy began when Nawfal’s @RoundtableSpace account announced a supposed partnership with Adin Ross to launch a Solana-based token, ROSS. However, the post was swiftly deleted, raising suspicions of fraudulent activity. The tweet contained a contract address, seemingly legitimizing the meme coin, but its deletion triggered skepticism within the crypto community. User @cryptolyxe flagged the incident, accusing Nawfal of faking a partnership with Ross to drive up the token’s value.

Wigwam Launches Self-Custodial Crypto Trading App with Rewards

The Wigwam team has officially released a new self-custodial crypto trading app. The app features MPC-powered security, allowing users to create a wallet with just an email, eliminating the need for seed phrases and reducing the risk of theft. It also offers integrated token analytics, providing real-time market trend tracking and seamless token swaps on Solana and other major blockchains. Additionally, users can earn loyalty rewards through daily trading activity and engagement within the wallet. The app is designed with an intuitive UX to simplify onboarding for newcomers entering the Web3 ecosystem and allows convenient DEX trading for thousands of tokens.

First Solana (SOL) ETFs to Launch In the US Tomorrow

The first exchange-traded fund (ETF) tracking Solana (SOL) futures will launch in the US tomorrow. Florida-based Volatility Shares LLC is launching a pair of funds, The Volatility Shares Solana ETF (ticker SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), which offers twice the Leveraged exposure. Volatility Shares submitted their paperwork for their Solana SOL ETF back in December 2024 and will have the first Solana token ETF of its kind in the US, while other major firms like Grayscale and BlackRock still await approval.