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Solana bears dominate market as SunPump has potentially led to less demand for SOL

Solana bears dominate market as SunPump has potentially led to less demand for SOL

FXStreet broadcast about Solana. Solana bears dominate market as SunPump has potentially led to less demand for SOL. – Solana funding rates turned negative as shorts dominated the market.
– The launch of Pump.fun competition, SunPump, has potentially led to less demand for SOL.
– Solana could bounce around the $136 support if long traders return to the market.

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SKU: WCN01233 Categories: , , , Tags: , , , , , , , , , , , ,
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This news story falls under the following sentiment:

  • Negative
     
     


     
     


About Solana

Solana is a decentralized, high-performance blockchain designed for fast, secure, and scalable transactions. It uses a proof-of-stake consensus mechanism and is built to handle thousands of transactions per second. Solana was developed by a team of engineers and entrepreneurs who previously worked on the Ethereum blockchain, and it is currently being used for various projects, including decentralized applications (dApps) and non-fungible token (NFT) marketplaces.

     
     


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        News seen on: FXStreet
        Description of news source: FXStreet is a leading source for reliable news and real time Forex analysis. FXStreet offers real-time exchange rates, charts and an economic calendar.

             
             


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          Blockchains

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          Sector Name

          FXStreet, Solana
          Listing ID

          WCN01233

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