SOL Faces 3.45% Price Dip After Token Unlock, But TVL Surges to $9.4 Billion
Solana (SOL) is currently trading at $175.83 on Binance, with a 24-hour trading volume of $5.37 billion and a price decline of 3.45% from the previous day’s open of $182.11. The recent price decrease follows the unlocking of 472,990 SOL tokens associated with the FTX/Alameda bankruptcy, which has raised concerns about increased circulating supply and potential short-term selling pressure. Despite this, Solana has shown strong underlying fundamentals, including a surge in transaction volume, a rise in total value locked (TVL) from $6 billion to $9.4 billion in May, and expanding use cases such as the Alpenglow network upgrade and new integrations like Kalshi accepting SOL deposits. Ongoing ecosystem developments and campaigns, such as Binance’s BNSOL Super Stake, continue to support long-term interest, but the immediate price movement reflects market reactions to the recent token unlock and broader volatility.
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BSW Jumps 15.79% as New Leadership and Roadmap Drive Biswap’s Fourth Anniversary Rally
Biswap (BSW) is currently trading at $0.0330 with a 24-hour trading volume of $21,029,391 and a 15.79% price increase over the last 24 hours, according to Binance data. The recent price surge is closely linked to Biswap’s fourth anniversary celebration, the announcement of new leadership following a strategic team transition, and plans for a new roadmap focused on DeFi challenges, all of which have contributed to renewed market interest and increased trading activity.
ADA Faces 21% Market Cap Drop Amid Selloff, Treasury Audit Concerns, and Surging Futures Interest
Cardano (ADA) is currently trading at $0.7539 on Binance, down 2.43% over the past 24 hours, with recent data showing a decline in market capitalization, trading activity, and network fees, while open interest in ADA futures has exceeded $920 million across major exchanges. The recent price drop follows a broader market selloff affecting most cryptocurrencies, alongside a 6.26% decline in ADA’s price and a 21% decrease in market cap quarter-over-quarter; contributing factors include heightened volatility, profit-taking after strong gains earlier in May, and concerns raised by a recent treasury audit discrepancy, despite positive developments such as increased whale accumulation, significant exchange withdrawals, and Cardano’s ongoing transition toward decentralized governance.
Polygon co-founder Mihailo Bjelic steps down, marking third founder departure
Mihailo Bjelic, a co-founder of #Polygon $POL , has announced his departure from the project’s development studio, Polygon Labs, and its foundation board. Bjelic cited diverging visions as the reason for stepping away, though he expressed continued support for the project from the sidelines. Bjelic’s exit follows the earlier departures of co-founders Jaynti Kanani and Anurag Arjun, making him the third founding member to leave active roles in the organization.
BIG CONGRATULATIONS to everyone who followed the $BSW call—TARGET SMASHED
I told you earlier to keep an eye on $BSW—it was gearing up, and now it’s delivering big! The price has surged +15.57% today, tapping a high of $0.0334, with 190.59M BSW traded—massive!
Here’s your updated LONG setup:
Entry: Around $0.0300 – $0.0310 (Already triggered)
Target Hit: $0.0334
Next Bullish Target: $0.0365
Stop Loss (Trail): $0.0292
Why Still Bullish?
$BSW continues forming higher lows, volume is strong, and buyers are clearly in control. As long as price stays above $0.0305, momentum favors another push toward $0.0365.
Let’s ride this wave higher—bulls are not done yet
Buy and Trade here on $BSW
{future}(BSWUSDT)
1.84B$ Short Liquidation Approaching!
While Ethereum is trading at $2554.2, the liquidity map shows critical levels.
If ETH rises to $2817, $1.84 billion short positions will be liquidated. This could trigger a massive short squeeze and push the price higher.
On the other hand, $1.05 billion long position is at risk if it falls to $2290.6.
Market Dynamics:Short liquidations (1.84B) are 75% higher than long positions (1.05B). This supports Ethereum's potential to gain upside momentum.
If the $2817 resistance is exceeded, a rapid rise can be expected with short squeeze. However, liquidity data alone is not enough, general market conditions should also be monitored.
KERNEL Surges 10% After $10M Fundraise, $2B TVL, and Major Exchange Listings Fuel Rally
KernelDAO (KERNEL) is currently trading at $0.1885, reflecting a 10.49% increase over the past 24 hours, with a 24-hour trading volume of $62,887,669 and a live market cap of approximately $30.15 million. The recent price surge is likely driven by heightened investor interest following KernelDAO’s $10 million fundraising round, strong backing from major industry players, and the recent listing and promotional events on major exchanges such as MEXC, which included significant prize pools and airdrop campaigns. Additionally, the project’s reported $2 billion in total value locked and integration with over 20 projects have contributed to increased market activity and positive sentiment, supporting the observed upward price movement.