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Gate.io’s MemeBox Expands Multi-Chain Strategy with Solana Integration

Gate.io’s MemeBox Expands Multi-Chain Strategy with Solana Integration

Author:
SOL News
Published:
2025-04-30 17:52:50
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

Gate.io’s MemeBox has taken a significant step in its multi-chain strategy by integrating with the Solana ecosystem. This development aims to enhance on-chain asset trading and bring high-quality meme assets to a wider audience. The platform, already established on Ethereum, BNB Chain, and Base, continues to solidify its position as a hub for trending asset trading. Solana’s integration marks a pivotal moment in MemeBox’s expansion, offering users more flexibility and opportunities in the dynamic cryptocurrency market.

Gate.io MemeBox Integrates with Solana Ecosystem to Enhance Multi-Chain Trading

Gate.io’s MemeBox has officially integrated with the Solana ecosystem, marking a significant expansion of its multi-chain strategy. This move aims to streamline on-chain asset trading and introduce high-quality meme assets to a broader audience.

The platform has already established a strong presence on Ethereum, BNB Chain, and Base, positioning itself as a CORE hub for trending asset trading. Solana’s integration further solidifies MemeBox’s ambition to become a global leader in cross-chain meme asset liquidity.

Solana’s high-speed blockchain and growing meme project ecosystem make it an ideal partner for MemeBox’s expansion. The collaboration is expected to attract new trading opportunities while strengthening Gate.io’s influence in the meme asset market.

Loopscale Recovers $5.8M in Full After Exploit Deal With Hacker

Loopscale has fully recovered $5.8 million lost in a recent exploit after negotiating with the attacker. The decentralized finance platform refunded all user deposits within 72 hours of the incident, ensuring no losses for its users.

The exploit targeted a pricing vulnerability in RateX PT tokens but left borrowers and loopers unaffected. Loan repayments have resumed, though withdrawals remain temporarily frozen.

All funds taken from the Loopscale protocol—5,726,725 USDC and 1,211 SOL—were returned following successful negotiations. The hacker retained only 10% of the stolen amount, demonstrating an unusual resolution in DeFi exploits.

HOUSE Token Sparks Buying Frenzy Among Crypto Whales

The newly launched HOUSE token is rapidly gaining traction, blending meme culture with the growing interest in tokenized real estate. High-profile investors and influencers are flocking to the Solana-based asset, driving its valuation upward.

Within a short timeframe, whales and public traders accumulated over $1.1 million worth of HOUSE, injecting momentum into the illiquid market. Nansen’s smart money data highlights HOUSE as one of the most actively traded tokens in recent days.

The token’s appeal lies in its dual nature—capitalizing on both the meme coin craze and the real-world asset (RWA) tokenization trend. Despite reaching peak valuations, large holders continue to support the rally rather than taking profits.

Tension Builds: Solana (SOL) on the Verge of a Huge Move?

Solana’s Bollinger Bands have tightened on the 4-hour chart, signaling potential volatility ahead. Despite a 3% dip to $148 this week, analysts maintain bullish targets between $240 and $300.

The current lull in SOL’s price action—trading in a narrow $145-$149 range—may precede significant movement. Technical analyst Ali Martinez highlights the Bollinger Band squeeze, a classic indicator of impending breakout scenarios.

Record 3.7 Million Crypto Tokens Dead—Did Meme Mania Kill Them?

The crypto market is drowning in a sea of failed tokens, with 3.7 million cryptocurrencies collapsing since 2021. Nearly half of these failures occurred between 2024 and early 2025, highlighting the fragility of speculative projects. Memecoins dominate new launches, yet over 1.3 million tokens crumbled in 2024 alone.

Solana’s pump.fun platform has been a breeding ground for low-effort tokens, spawning more than 7 million since 2021. Meanwhile, stablecoins continue to thrive, nearing a $240 billion market cap as altcoins bleed value. The first quarter of 2025 saw 1.8 million token failures—accounting for 49.7% of all recorded shutdowns.

Market instability following Donald Trump’s presidential inauguration exacerbated the collapse. Over 52% of cryptocurrencies launched since 2021 have now failed, underscoring the high-risk nature of unproven projects in a volatile ecosystem.

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