-
BTC 58,907.99 (+1.45%) -
ARS 1,083.10 (-0.89%) -
ETH 2,995.65 (+2.65%) -
SOL 138.19 (+11.48%) -
PEPE <0.01 (+19.56%) -
DOGE 0.13 (+4.72%) -
WIF 2.76 (+14.41%) -
XRP 0.52 (+4.59%) -
BONK <0.01 (+16.20%) -
ENA 0.82 (+1.48%) -
NEAR 6.15 (+1.40%) -
OP 2.71 (+2.46%) -
RUNE 5.00 (+3.84%) -
ETHFI 3.90 (+7.15%) -
AVAX 33.84 (+5.13%) -
BOME <0.01 (+9.18%) -
FLOKI <0.01 (+10.36%) -
WLD 4.71 (+5.32%) -
TRX 0.12 (+2.71%) -
ADA 0.46 (+4.30%) -
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RNDR 7.79 (+6.44%)
Solana traders prepare for FTX induced sell pressure on SOL Is it premature
Published: 2023-09-14
1. Traders anticipating sell pressure on Solana due to FTX integration According to the article,Solana traders are preparing for a potential sell-off on the Solana (SOL) cryptocurrency. This anticipation is driven by the upcoming integration of Solana with FTX,a major cryptocurrency exchange. The integration will allow SOL tokens to be used as collateral on the FTX platform. Traders are concerned that this move may lead to an influx of SOL tokens being sold,which could potentially cause a price drop.
2. Controversy surrounding the claim of "premature" sell pressure speculation The article addresses the controversy surrounding the perception of premature speculation of sell pressure on Solana. Some community members argue that the concerns raised by traders are unfounded and premature. They believe that the integration with FTX will actually bring more liquidity and demand for SOL tokens,which could result in price appreciation instead of a sell-off. However,others maintain a cautious approach and acknowledge the possibility of temporary sell pressure as traders adjust their positions.
3. The significance of Solana and its recent success Solana has gained significant attention in the cryptocurrency space due to its high-performance blockchain that offers fast and low-cost transactions. It has attracted major partnerships and investments,positioning itself as a potential competitor to Ethereum. The recent surge in popularity has also led to a substantial increase in the value of SOL tokens. Traders and investors are closely following developments in the Solana ecosystem,including the FTX integration,as it could have a substantial impact on the future price and adoption of Solana. In summary,traders are preparing for a potential sell-off on Solana due to the upcoming integration with FTX,although there is controversy surrounding the speculation of sell pressure being premature. Solana's recent success and its integration with FTX are significant factors impacting the cryptocurrency's value and future prospects.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
58,907.99 | 3,787,365,489.80 |
| 2 | ARS |
1,083.10 | 1,866,332,436.40 |
| 3 | ETH |
2,995.65 | 1,455,825,671.35 |
| 4 | SOL |
138.19 | 995,937,667.19 |
| 5 | PEPE |
<0.01 | 470,209,088.11 |
| 6 | DOGE |
0.13 | 335,433,285.83 |
| 7 | WIF |
2.76 | 225,134,213.31 |
| 8 | XRP |
0.52 | 210,016,021.56 |
| 9 | BONK |
<0.01 | 142,092,096.86 |
| 10 | ENA |
0.82 | 133,284,923.93 |
| 11 | NEAR |
6.15 | 119,987,619.43 |
| 12 | OP |
2.71 | 119,284,064.46 |
| 13 | RUNE |
5.00 | 99,516,244.48 |
| 14 | ETHFI |
3.90 | 94,271,468.55 |
| 15 | AVAX |
33.84 | 89,080,574.39 |
| 16 | BOME |
<0.01 | 76,428,342.96 |
| 17 | FLOKI |
<0.01 | 66,987,940.77 |
| 18 | WLD |
4.71 | 61,424,333.62 |
| 19 | TRX |
0.12 | 58,369,915.25 |
| 20 | ADA |
0.46 | 55,550,304.75 |
| 21 | JTO |
3.50 | 55,303,826.13 |
| 22 | HBAR |
0.10 | 54,618,337.42 |
| 23 | ORDI |
34.98 | 53,450,732.83 |
| 24 | COS |
0.01 | 53,112,461.84 |
| 25 | RNDR |
7.79 | 52,990,838.78 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  VGX |
0.12 | +76.43 |
| 2 | JTO |
3.50 | +20.64 |
| 3 | PEPE |
<0.01 | +19.56 |
| 4 |  AR |
32.57 | +18.25 |
| 5 | W | 0.76 | +17.39 |
| 6 | BONK |
<0.01 | +16.20 |
| 7 |  AXL |
1.28 | +14.66 |
| 8 | WIF |
2.76 | +14.41 |
| 9 | SOL |
138.19 | +11.48 |
| 10 |  LSK |
1.82 | +11.10 |
| 11 |  STEEM |
0.30 | +10.55 |
| 12 | FLOKI |
<0.01 | +10.36 |
| 13 | COS |
0.01 | +10.27 |
| 14 |  RAY |
1.53 | +10.19 |
| 15 |  ELF |
0.56 | +9.48 |
| 16 | BOME |
<0.01 | +9.18 |
| 17 |  CTK |
0.69 | +9.16 |
| 18 |  ZEC |
22.83 | +9.13 |
| 19 |  TNSR |
0.85 | +9.06 |
| 20 |  PROM |
9.01 | +8.82 |
| 21 |  TAO |
396.20 | +8.79 |
| 22 |  IMX |
2.11 | +8.60 |
| 23 |  SFP |
0.86 | +8.40 |
| 24 |  WAVES |
2.32 | +8.35 |
| 25 |  PENDLE |
4.48 | +7.46 |
| 26 |  KMD |
0.40 | +7.36 |
| 27 |  MATIC |
0.71 | +7.28 |
| 28 |  C98 |
0.28 | +7.26 |
| 29 | ETHFI |
3.90 | +7.15 |
| 30 |  CYBER |
8.45 | +7.08 |
The price of coins is falling rapidly.
(Update every 1 minute)
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| 1 | Challenger Job Cuts y/y | Thursday | 02-05-2024 | 12:30 |
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| 6 | Factory Orders m/m | Thursday | 02-05-2024 | 15:00 |
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| 8 | Average Hourly Earnings m/m | Friday | 03-05-2024 | 13:30 |
| 9 | Non-Farm Employment Change | Friday | 03-05-2024 | 13:30 |
| 10 | Unemployment Rate | Friday | 03-05-2024 | 13:30 |
| 11 | Final Services PMI | Friday | 03-05-2024 | 14:45 |
| 12 | ISM Services PMI | Friday | 03-05-2024 | 15:00 |
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