Solana News: $1.7 Billion Boost from BlackRock’s Tokenized Fund Predicted to Reach $2 Billion

In a significant development for the cryptocurrency market, Solana has received a massive boost from financial giant BlackRock. Here’s a closer look at the details and what it means for the future of Solana.

Solana Gets $1.7 Billion Boost from BlackRock’s Tokenized Fund

Financial management giant BlackRock has launched a fund for big clients on the Solana network called the USD Institutional Digital Fund (BUIDL). This fund is now available on seven blockchain platforms and has already gathered $1.7 billion in assets since its start in March 2024. Experts predict it could reach $2 billion by April. Solana is attractive due to its fast transactions and low fees, providing investors with constant access to regular financial tools.

Hyperliquid Delists JELLY JELLY Meme Coin Due to Manipulation

HyperLiquid, a popular DEX, delisted JELLY JELLY, a newly launched Solana meme coin, after facing massive losses due to price manipulation by large whales. The whales manipulated the price, causing losses in HyperLiquid’s HLP vault, prompting the exchange to delist the token amidst controversy. Major CEXs like Binance and OKX listed JELLY perpetuals, intensifying the situation.

SFT Protocol Collaborates with SOLPEN to Advance AI-Led DePIN Infrastructure

SFT Protocol, a leading Web3 platform leveraging AI and DePIN technologies, has announced a strategic collaboration with SOLPEN, a Solana-based AI-led DePIN ecosystem. The partnership aims to redefine the interaction between AI decentralized networks and the Internet of Things, further fortifying the LINK between Web3 technology and physical infrastructure.

Best Meme Coins to Buy Now – Next Coins to Rally

Despite the broader cryptocurrency market experiencing a 2.6% downturn in the last 24 hours, the market’s best meme coins are demonstrating impressive robustness. Collectively, crypto’s $60 billion meme coin market has posted an impressive 5.7% increase, highlighting a strong deviation from the overall trend. The Federal Reserve’s decision to keep interest rates unchanged has offered a short-term boost to risk assets, with meme coins among the biggest beneficiaries of the shift in sentiment. For investors looking to capitalize on this momentum, SOL (Solana) stands out as one of the most promising bets, although it is not strictly a meme coin, it has firmly established itself as a leading force in crypto’s global expansion.