Solana ($SOL)

Solana Memecoin Mania: Trader Turns $700 Into $2.4 Million in Four Days

A cryptocurrency trader on the Solana network has managed to achieve a staggering 3,329-fold return in four days through a little-known meme-inspired cryptocurrency, turning $727 into more than $2.4 million. According to data shared by on-chain monitoring services Lookonchain, the cryptocurrency trader spent 5 Solana (SOL) tokens to buy 15.15 million $GOAT four days ago, […]

Solana ($SOL) Could Outperform Ethereum and Bitcoin if Trump Wins in 2025, Says Standard Chartered Analyst

According to a recent analysis from Standard Chartered, Solana (SOL) is projected to significantly outperform Ethereum (ETH) and Bitcoin (BTC) by 2025—if Donald Trump wins the U.S. presidential election. Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, predicts a fivefold increase in Solana’s price under a Trump presidency. However, Kendrick still forecasts […]

Jupiter Co-Founder Unveils New Features to Enhance Solana’s Decentralized Ecosystem at Breakpoint 2024

At the recent Solana Breakpoint 2024 conference, Siong Ong, co-founder of Jupiter, took the stage to highlight the latest developments and innovations on the popular Solana-powered decentralized exchange (DEX). During his talk, Siong explained the three main pillars that form the Jupiter ecosystem, referred to as the “Jupy world”: the Jupiter platform, the community, and […]

$SOL: Solana Mobile Introduces Its Second Web3-Focused Crypto Phone and Explains How It Improves on Solana Saga

On September 18, at the TOKEN2049 conference in Singapore, Emmett Hollyer, General Manager of Solana Mobile, provided a detailed look into the company’s upcoming Web3 crypto phone, named Seeker. Slated for release around in 2025, Seeker represents the second iteration of Solana’s push to integrate blockchain technology into mobile hardware, building upon the earlier Saga […]

Crypto Trader Turns $80,000 into $1.2 Million, but Quickly Gives it All Back

A cryptocurrency trader has managed to, through the purchase of a meme-inspired cryptocurrency that was launched after a viral trend on TikTok, turn around $80,000 into over $1.2 million, before losing nearly all of his gains. According to data shared by blockchain analytics firm Arkham Intelligence, a cryptocurrency trader on the Solana network identified as […]

Major Solana Whale Accumulates Over 200,000 SOL as Prices Rise

A cryptocurrency whale has recently invested more than $4.5 million into the popular smart contract platform Solana ($SOL), continuing their accumulation of more than 200,000 tokens since early February. According to data from on-chain analysis service Lookonchain, the cryptocurrency whale bought 34,807 SOL tokens worth around $4.5 million recently, but since February has accumulated nearly […]

Major Solana Whale Quietly Offloaded Over $99 Million of SOL So Far This Year

Amidst the broader cryptocurrency market’s volatility, Solana ($SOL) has faced an additional headwind, a persistent sell-off by a significant whale or institutional holder that has already offloaded over $99 million worth of the cryptocurrency on the market. According to on-chain analysis service Lookonchain, the potential institutional investor has been steadily offloading their SOL holdings through […]

$SOL: Brazil’s CVM Approves Second Solana ETF as U.S. Regulators Hesitate

Cryptoasset manager Hashdex is, according to a report by Crypto Briefing, preparing to introduce a new exchange-traded fund (ETF) focused on Solana (SOL). The “Hashdex Nasdaq Solana Index Fund” has already secured approval from Brazil’s Securities and Exchange Commission (CVM). This ETF is currently in its pre-operational phase, meaning the fund is finalizing its setup […]

Ethereum ($ETH) vs. Solana ($SOL): An In-Depth Analysis by Renowned Trading Mentor Thomas Kralow

In a recent video, trading mentor Thomas Kralow compares the current state of Ethereum (ETH) and its strongest closest rival, Solana (SOL). Ethereum’s Current Sentiment and Market Dynamics Kralow begins by acknowledging the current negative sentiment surrounding Ethereum. Despite Ethereum’s fundamental strengths, he says the market sentiment is overwhelmingly pessimistic, with many critics labeling it […]

From Bitcoin to Solana: Canadian Crypto Investment Firm Cypherpunk’s New Direction Explained by CEO Leah Wald

Cypherpunk Holdings is a Canadian investment firm with a strong focus on the blockchain and cryptocurrency industry. The company specializes in identifying and investing in innovative blockchain technologies, companies, and emerging protocols within the digital asset space. Cypherpunk Holdings operates as a strategic holding company, allocating capital to projects that contribute to the growth and […]

Mysterious Solana Whale Dumped $86M in SOL Year-to-Date in Aggressive Sell-Off

A mysterious Solana whale has now offloaded more than $86 million worth of SOL tokens since January and has recently deposited nearly $2.8 million on cryptocurrency exchanges, in what appears to be a continuation of its sell-off. According to data shared by on-chain analytics firm Lookonchain, the mysterious Solana whale has now sold a total […]

Solana’s $1,000 Dream: 10 Reasons Why This Analyst Believes SOL Could Soar Much Higher

On August 9, in a comprehensive thread on social media platform X (formerly known as Twitter), prominent cryptocurrency analyst Miles Deutscher shared his thoughts on why Solana (SOL) might continue its impressive market performance. Despite already seeing significant gains, Deutscher believes SOL’s upward trajectory could persist, potentially reaching the $1,000 mark. Let’s examine the ten […]

Cryptocurrency Whales are ‘Preparing For Next Altcoin Rally’ By Setting Up Massive ‘Buy Walls’

Cryptocurrency whales are currently “preparing for the next altcoin rally,” as they have set up limit buy orders for various altcoins beyond Bitcoin and Ethereum, to the point limit buy order volume for these coins has grown in an indicator that “strong buy walls are being set up.” That’s according to the CEO of on-chain […]

Crypto Investment Products See Over $1.3 Billion Inflows in a Week with BTC, ETH, and SOL in the Lead

Over the past week, cryptocurrency investment products saw total inflows of $1.35 billion, bringing their ttotal inflows over the last three weeks to $3.2 billion, with Bitcoin investment products bringing in the lion’s share of funds, followed by ETH, Solana, and multi-asset vehicles. According to CoinShares’ Digital Asset Fund Flows report, BTC-focused products saw $1.27 […]

$SOL: Prominent Crypto Analyst Explains His $1000 Price Target for Solana

On July 20, prominent crypto analyst Ali Martinez forecasted on social media platform X a significant potential rally for Solana (SOL). Martinez’s analysis suggests that Solana could see its price soar to $1,000, representing a remarkable 900% increase from its current levels. This prediction is based on early signs of a breakout from a bullish […]

Solana’s Bull Run: Analyst Predicts $174 Price Target After Key Pattern Formation

The price of Ethereum rival Solana (SOL) has moved up over 14% over the past week to now trade at around $160 amid a wider cryptocurrency market recovery that started after pro-crypto presidential candidate Donald Trump suffered a failed assassination attempt. According to popular cryptocurrency analyst Ali Martinez, the price of SOL may now keep […]

VanEck’s Matthew Sigel Explains Why His Firm Isn’t Pursuing a Spot XRP ETF Yet

On July 9, 2024, Matthew Sigel, Head of Digital Assets Research at VanEck, spoke with Tony Edward, the founder and host of the YouTube series Thinking Crypto. During the interview, Sigel provided detailed insights into VanEck’s crypto strategy, the impact of new ETFs, regulatory challenges, and his outlook for the digital assets market. Background and […]

$SOL: Crypto Expert Explains What It Would Take for Solana Price to Get Over $5,000

In a recent video update, the YouTube channel Cheeky Crypto provided an in-depth analysis of Solana (SOL), discussing its potential price trajectory and the factors that could drive its growth. The video outlines several key predictions and comparisons to Bitcoin and Ethereum to offer a comprehensive forecast for Solana. The hosts began by emphasizing the […]

Ethereum Products Face $61M Outflows, While Solana Sees $1.6M Inflows Amid Broader Crypto Market Decline

Cryptocurrency investment products as a whole saw outflows of $30 million over the past week, with Ethereum-focused products seeing their largest outflows in nearly two years over the same period after investors moved $61 million off of these products. That’s according to CoinShares’ Digital Asset Fund Flows weekly report, which details cryptocurrency investment products saw […]

How One Lucky Trader Made $3 Million in 30 Minutes with $BAKED Token: Blockchain Analysis Service

On 1 July 2024, blockchain analytics service Lookonchain published a detailed thread on X (formerly known as Twitter), uncovering significant insider activities surrounding the launch of the $BAKED token on DegenFund. DegenFund is a Solana-powered platform for creating and launching new tokens on the Solana blockchain. It’s designed for a specific type of crypto investor: […]

$SOL: Former Goldman Sachs Exec Predicts Explosive Growth for Solana

In a recent video update, Raoul Pal, co-founder of Real Vision and CEO of Global Macro Investor, delves deep into the current state and future prospects of Solana (SOL) and the broader cryptocurrency market. Here, we summarize his key insights and predictions. Raoul Pal begins by reflecting on Solana’s recent price movements, noting that despite […]

Galaxy Digital’s Take on VanEck’s Surprise Spot Solana ($SOL) ETF Play

On June 28, Galaxy Digital, a crypto-focused financial services firm led by Mike Novogratz, published an analysis of VanEck’s recent filing for a spot Solana (SOL) exchange-traded fund (ETF) in the United States. According to Galaxy Digital’s blog post, VanEck filed an S-1 with the Securities and Exchange Commission (SEC) to launch an exchange-traded commodity-based […]

Crypto Influencer Advocates for Swapping Ethereum (ETH) to Solana (SOL)

On June 29, crypto influencer “MartyParty” took to the social media platform X to explain why Ethereum (ETH) HODLers should consider swapping their holdings for Solana (SOL). MartyParty’s Personal Experience Marty began by sharing his personal experience. He held Ethereum from the beginning and found it difficult and frightening to swap it for Solana in […]

Major Crypto Trading Firm GSR Longs Solana ($SOL), Says Spot ETF ‘Likely Just a Matter of Time’

Cryptocurrency trading firm GSR has taken a long position on the smart contract platform Solana (SOL) citing its “superior technology,” and suggesting its “likely just a matter of time” before Solana gets a spot exchange-traded fund (ETF) trading in the United States. In a recently published note GSR highlighted Solana’s features including its Proof-of-History mechanism […]

Solana’s Stablecoin Trading Volume Mysteriously Plummets from $75 Billion to $7 Billion

Solana’s daily stablecoin trading volume appears to have suddenly plunged in a mysterious dip that suggests that while Solana was seeing between $75 and $100 billion worth of daily stablecoin trading volumes, it’s now at a modest $7 billion. The apparent plunge has left investors unsettled, with some pointing to wash trading as a potential […]

VanEck’s Head of Crypto Research on Why Solana (SOL) Deserves Its Own Spot ETF

On June 27, Matthew Sigel, Head of Digital Assets Research at VanEck, announced via the social media platform X (formerly known as Twitter) that VanEck has filed for the first spot Solana (SOL) exchange-traded fund (ETF) in the United States. In his announcement, Sigel shared detailed insights into why VanEck believes Solana is a compelling […]

Solana Price Analysis as SOL Dips Below 45-Day Low, Analyst Predicts Surge to $1,000

As the price of Solana’s native SOL token keeps dropping from a 45-day low, a cryptocurrency analyst has recently predicted that despite a current bearish trend the smart contract platform’s native token will move to surpass the $1,000 mark in the future. Solana is at the time of writing trading at $128 after losing around […]

Solana (SOL) Price Hits 45-Day Low Amid Broader Correction After Dropping 25% in a Month

The price of Solana’s native SOL token has plunged to a 45-day low amid a broader cryptocurrency market downturn that has seen the space lose over $100 billion in value. SOL is nevertheless underperforming the wider market. According to popular cryptocurrency analyst TOBTC, Solana’s underperformance can be attributed to its reduced on-chain activity and a […]

BitMEX Co-Founder Arthur Hayes Predicts Little-Known Altcoin Will Overtake Solana ($SOL)

The co-founder of popular cryptocurrency derivatives trading platform BitMEX, Arthur Hayes, has set the cryptocurrency community abuzz with his prediction that Aptos ($APT) will overtake Solana ($SOL) as the second-most prominent Layer 1 (L1) blockchain, behind only Ethereum, within the next two to three years. Hayes, known for his sharp market insights, offered this glimpse […]

AI Prediction: Ethereum (ETH) vs Solana (SOL) – Which Is Likely the Better Buy for the Rest of 2024

In this analysis, we will delve into the year-to-date (YTD) performance of ETH-BTC, ETH-USD, SOL-BTC, and SOL-USD pairs to determine, based on AI predictions, which cryptocurrency potentially presents a better buying opportunity for the remainder of 2024. ETH-BTC Analysis The ETH-BTC chart shows a mixed performance for Ethereum against Bitcoin. Starting the year on a […]

Crypto Investment Products Have Seen $15 Billion Inflows Year-to-Date With BTC, ETH, and SOL Products Shining

Cryptocurrency investment products saw $2 billion of inflows over the last month, with this past week seeing a total of $185 million being invested in these products to help year-to-date inflows surpass the $15 billion mark. That’s according to CoinShares’ Digital Asset Fund Flows report, which details that investment products offering exposure to the flagship […]

Solana Trader Turns $10,000 Into $400,000 in 10 Minutes With Little-Known Cryptocurrency

A cryptocurrency trader has managed to turn around $10,000 worth of Solana’s native SOL token into nearly $400,000 in just 10 minutes trading a little-known cryptocurrency on the cryptocurrency’s blockchain for a 3,900% gain in little time. According to data shared by on-chain analysis service Lookonchain, the cryptocurrency trader spent 60 SOL worth around $9,900 […]

Crypto Trader Makes Over $160,000 in 5 Hours After Trump’s Conviction

Shortly after former U.S. President Donald J. Trump was convicted on 34 felony counts for falsifying business records involving reimbursements to his former lawyer Michael Cohen for hush money payments, several Trump-inspired meme-inspired cryptocurrencies were launched, with one trader making over $160,000 in just 5 hours from them. According to the New York Times, Trump […]

Smart (And Lucky) Traders Are Reaping Massive Profits From Solana and Ethereum-Based Memecoins: On-Chain Analysis

Some astute traders (or gamblers) have managed to capitalize on the meteoric rise of Solana (SOL)-based memecoins, realizing astronomical gains in the process. According to data from blockchain tracking firm Lookonchain, one trader purchased a substantial amount of Dogwifhat (WIF) in December 2023 and has since seen a staggering 118,967% return on their investment. The […]

PayPal Expands Stablecoin PYUSD to Solana Blockchain for Enhanced Speed and Cost Efficiency

On 29 May 2024, PayPal Holdings, Inc. (NASDAQ: PYPL) announced at Consensus 2024 that its stablecoin, PayPal USD (PYUSD), is now available on the Solana blockchain. This move aims to make PYUSD transactions faster and cheaper for consumers, enhancing the usability of PayPal’s stablecoin. The integration of PYUSD on the Solana blockchain is significant due […]

JPMorgan Doubts SEC Will Approve Spot Solana ETFs Amid Regulatory Concerns

Wall Street giant JPMorgan Chase has expressed skepticism about the potential approval by the U.S. Securities and Exchange Commission (SEC) of a spot Solana ($SOL) exchange-traded fund (ETF), or on the approval of such a fund offering exposure to other altcoins. JPMorgan’s managing director and global marketing strategist Nikolaos Panigirtzoglou noted that the SEC’s historical […]

Crypto Investment Products See Over $1 Billion Inflows in a Week with BTC, ETH, and SOL Standing Out

Cryptocurrency investment products saw over $1.05 billion in inflows over the past week with Bitcoin (BTC) products seeing $1.012 billion and Ethereum focused products seeing $35.5 million of inflows. According to CoinShares’ latest Digital Asset Fund Flows report, other altcoin investment products saw inflows with Solana (SOL) products standing out after seeing $8 million of […]

How to Add Solana to Metamask

Blockchains have diverse architectures, leading to interoperability challenges. Fortunately, various third-party solutions like bridges, extensions, wrapped assets, and cross-chain protocols enable asset utilization across different ecosystems and wallets. While it’s not possible to manage SOL and SLP tokens directly on MetaMask, we can still use a third-party to manage our Solana-based funds, all while remaining […]

Solana ETFs Next? Spot Ether Approval Paves Way for Broader Recognition, Analysts Say

The potential approval of spot Ether exchange-traded funds (ETFs) in the United States has helped boot the cryptocurrency market significantly and is a significant step forward in cryptocurrency regulation, according to brokerage firm Bernstein, which suggested that Solana ($SOL) exchange-traded funds could follow. According to a recent research report from the brokerage firm, which comes […]

Spot Solana ($SOL) ETFs: The Next Frontier in Cryptocurrency Investments?

On 22 May 2024 when Brian Kelly, a notable crypto investor and CNBC’s ‘Fast Money’ trader, suggested that Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the United States. Kelly’s prediction has ignited a lively debate among industry experts and market observers. Kelly is a financial analyst and […]

$SOL: Hedge Fund Co-Founder Says Solana Price Will Break $260 Soon

Syncracy Capital, a thesis-driven hedge fund focused on high conviction, concentrated investments in the cryptoeconomy, was founded in 2022 by Daniel Cheung and Ryan Watkins. The fund is known for its strategic bets on the secular winners of the crypto economy, and its latest focus is on the Solana blockchain’s native token, SOL. On 16 […]

Bet Solana-based Memecoin GME Goes Wrong: Trader Capitulates After $122,000 Loss in SOL

A cryptocurrency trader has sold their $GME, a memecoin that saw its price explode on the Solana blockchain after a meme stock frenzy surrounding GameStop resurfaced earlier this month, for a loss of over $122,000 after capitulating. According to data shared by on-chain analysis service Lookonchain, the cryptocurrency trader sold their memecoin that use the […]

Crypto Staking Yields Tumble for ETH, ADA, SOL and More Despite $1 Trillion Market Boom

The revenue cryptocurrency users can get for staking some of the most popular digital assets has dropping significantly over the past year, with the yield earned for staking Ethereum ($ETH), for example, plunging from over 5% to around 3.18% at the time of writing. That’s according to data from CCData shared with CryptoGlobe, which shows […]

Solana Trader Turns $1,470 into $200,000 in Five-Minute Crypto Windfall

A cryptocurrency trader managed to, in the span of just 5 minutes, turn just 9 Solana ($SOL) tokens worth around $1,470 into 1,238 SOL worth over $200,000, to secure a gain of 137x in little time. According to data shared by on-chain analysis service Lookonchain, the trader spent the 9 SOL tokens to buy 28.58 […]

$SOL: Robinhood Crypto Introduces Its First-Ever Crypto Staking Product for EU-Based Customers

On May 15, Robinhood Crypto announced that it is making a significant push to enhance its services for European customers, introducing a suite of new features aimed at improving accessibility and user experience. The announcement includes the rollout of crypto staking, localized apps, and a 10% bonus on net buys for new users within their […]

Investors Bet on Solana as SOL Investment Products Lead Altcoin Inflows, Data Shows

Cryptocurrency investment products saw inflows of $130 million over the past week, with Solana ($SOL) leading institutional investment among the altcoins it’s possible to get exposure to via these products. According to CoinShares’ latest Digital Asset Fund Flows weekly, investment products offering exposure to the flagship cryptocurrency Bitcoin saw inflows of $144 million, while products […]

FTX’s Remarkable Bankruptcy Recovery: Creditors Set to Receive Full Payouts and More

In a stunning turn of events, cryptocurrency exchange FTX, which collapsed in November 2022, has accumulated billions of dollars more than the amount needed to cover customer losses. This extraordinary development sets the stage for a rare outcome in U.S. bankruptcy proceedings, where creditors are poised to receive full recoveries plus interest. The FTX bankruptcy […]

Memecoin Mania: How a Solana Trader ($SOL) Lost $37,000 Due to Emotional Trading

In the fast-paced and often unpredictable world of cryptocurrency trading, emotions can play a significant role in the decision-making process. A recent example of this phenomenon involves a Solana (SOL) trader who experienced a substantial loss of $37,000 while speculating on a meme coin called $DEVIN. The incident, reported by Lookonchain, highlights the dangers of […]

Diamond Hands: Trader Turns $8,600 into $1.26 Million in Two Months with Little-Known Crypto

A ‘patient’ cryptocurrency trader has managed to turn around $8,600 into over $1.26 million after investing in a little-known cryptocurrency and holding onto it for two months to secure their gain of 144x. That’s according to data from on-chain analysis service Lookonchain, which  revealed that the trader spent a total of 60 SOL tokens with […]

Solana ($SOL) ‘Sniper’ Snags $780,000 in 15 Minutes from Newly Launched Token

A cryptocurrency trader has managed to turn 500 Solana ($SOL) tokens worth around $67.000 into 5,789 SOL worth over $780,000 in just 15 minutes after managing to “snpe” a large portion of a newly launched cryptocurrency’s supply. According to on-chain analysis service Lookonchain, the cryptocurrency ‘sniper’ managed to acquire 665 million $QUACK tokens as they […]

What Is the Price of Solana (SOL) up Today?

The price of smart contract platform Solana ($SOL) defied the recent crypto market slump with an impressive price surge today, climbing over 10% in the last 24 hours to hit $138.2 at the time of writing. This upswing can be attributed to a combination of positive developments within the Solana ecosystem and a shift in […]

Solana Investment Products Experience Significant Inflows as $SOL Sees ‘Dramatic Increase’ In Institutional Allocations

Cryptocurrency investment products saw their third consecutive week of outflows last week with around $435 million leaving these products in the largest weekly outflow since March 2024, but despite the outflows multi-asset and Solana-focused products saw significant inflows. According to CoinShares’ latest Digital Asset Fund Flows weekly report, cryptocurrency investment products also saw trading volumes […]

Solana (SOL) Trader Turns $49K Into $2 Million In Just Five Hours With the Help of TORI

In an astonishing display of cryptocurrency trading, a Solana ecosystem trader turned an initial investment of $49,000 into nearly $2 million within just five hours. This trade involved Tori the Cat (TORI), a newly launched meme coin, sparking significant concerns about potential insider trading. The transaction unfolded when the trader purchased 261.4 million TORI using […]

Pantera Capital Reportedly Buys More Solana ($SOL) Tokens in Recent FTX Bankruptcy Auction

Pantera Capital has emerged as one of the successful bidders in the latest auction of Solana tokens, orchestrated by the administrators overseeing the bankruptcy proceedings of the now-defunct cryptocurrency exchange, FTX. According to a report by Bloomberg News, this recent development involves the acquisition of approximately 2,000 SOL tokens, a sale that has not been […]

Solana ($SOL) Trader Realizes $22.83M Profit from Memecoin Trading Strategy

A Solana-based trader has recently realized substantial profits from trading various meme-themed tokens on the Solana blockchain, as reported by blockchain analysis firm Lookonchain on April 26. The trader, identified by their Solana Name Service account “paulo.sol,” made strategic investments in several memecoins, including Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK), resulting in a […]

Solana ($SOL) Price ‘Gearing Up for Violent Breakout,’ Says Analyst Who Nailed 2018 Market Bottom

A popular cryptocurrency analyst known in the space for accurately predicting the cryptocurrency market bottom during the 2018 bear market has recently said the price of Solana ($SOL) is “gearing up for a violent breakout.” In a post shared on the microblogging platform X (formerly known as Twitter) with over 250,000 followers, the popular pseudonymous cryptocurrency analyst […]

Crypto Trader Convicted in $110 Million ‘Mango Markets’ Case, Faces 20 Years in Prison

Mango Markets, a decentralized exchange (DEX) on the Solana blockchain, suffered a major exploit in October 2022. The attacker, crypto trader Avraham Eisenberg, manipulated the price of Mango Market’s native token (MNGO) to drain approximately $110 million in various cryptocurrencies from the platform. Despite the exploit, Mango Markets has relaunched with a modified structure (dubbed […]

Solana Whales See Blood in the Water and Enter Memecoin Buying Spree

Large investors on the Solana blockchain, colloquially known as whales, have been buying up memecoins amid a recent cryptocurrency market downturn that has seen the prices of these assets plunge. According to data shared by on-chain analysis service Lookonchain, these Solana whales actively started accumulating memecoins as prices started dropping, with two major whales accumulating […]

Solana ($SOL) Price Set to Climb Higher, Says Crypto Analyst Who Called 2018 Market Bottom

A popular cryptocurrency analyst known in the space for accurately predicting the cryptocurrency market bottom during the 2018 bear market has recently revealed he believes the price of smart contract platform Solana ($SOL) will go “higher” from its current level. In a post shared on the microblogging platform X (formerly known as Twitter) with their […]

Solana-Based DeFi Project Loses Millions in Total Value Locked After CEO Abruptly Quits

In a blow to the burgeoning world of decentralized finance (DeFi), Edgar Pavlovsky, the chief executive of Marginfi, a Solana-based lending platform, has abruptly resigned in a departure that triggered a wave of investment withdrawals and saw the platform total value locked (TVL) drop by 25%. Marginfi confirmed Pavlovsky’s resignation over disagreements with the company’s […]

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