🔹Solana trades at $146, after a 54% rebound from $95 in April.
🔹Analysts’ Insight: Over the next 30 days, Solana’s fate will be determined, with May seen as pivotal for the altcoin market’s direction.
Support/Resistance:
🔹Critical Resistance: $180 (200-day MA).
🔹Support: $140. A breakdown below this could signal a deeper downturn.
While bulls are optimistic, macroeconomic uncertainty and global tensions could influence future price movement.
Ek San
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🚨NORTH AMERICAN #CORPORATIONS WOLFING DOWN #SOLANA
🔹Janover (NASDAQ: JNVR): Added 88,164 $SOL ($11.5M), growing its crypto treasury to over 251,842 SOL.
🔹SOL Strategies (OTCMKTS: CYFRF): Secured a $500M convertible note from ATW Partners to buy and stake SOL.
🔹Upexi (NASDAQ: UPXI): Raised $100M, with 90% allocated to SOL purchases; shares soared 630%.
🔹#Helium Network Expansion: Solana-powered IoT network Helium hit new highs in DAO voting and usage rewards; Walmart offers its $20/month mobile plan in 3,000 stores.
🔹Solana Foundation Update: Tightened validator onboarding/off-boarding rules to boost decentralization and secure the network.$SOL
🚨$ALPACA has dropped over 50% in the past hour. Previously. 🔹Binance announced it would delist the token on May 2, 2025, after which ALPACA surged by over 800%.
Ek San
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🚨#ALPACA LIQUIDATIONS SURPASS BTC. Alpaca did 10x in 2days
🔹In the past 4 hours, ALPACA’s liquidation totaled $8.37M, higher than BTC’s $5.58M (Coinglass data).
🔹Short orders dominated, accounting for $7.86M of ALPACA liquidations.
🔴Recently Binance to delist $ALPACA , PDA, VIB, and WING on May 2, 2025.
🔹ALPACA price rose post-delisting announcement; Binance’s He Yi attributes it to short-term speculative buying.
🔹Crypto exchange Bitgét will legally pursue 8 accounts suspected of manipulating VOXEL token trading, #profiting $20 million.
🔹The platform detected abnormal trading on April 20, when VOXEL (from Polygon-based Voxie Tactics) surged 500%.
🔹 Bitgét will airdrop recovered funds back to affected users.
🔹Formal legal action expected after sending lawyer's letters to involved accounts.
🔹Incident joins a wave of recent crypto exploits, including Loopscale's $5.8M hack and Infini's $49M loss.
🔹 Bitgét plans to release a full incident report soon.
-The Block
Ek San
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🚨🔴 BITGET ROLLS BACK ACCOUNTS OVER MARKET #MANIPULATION
🔹Incident: Bitget detected abnormal trading activity in the VOXEL-USDT perpetual futures contract on April 20 between 8:00–8:30 UST.
🔹Action: Accounts suspected of market manipulation were paused, and trades will be rolled back within 24 hours.
🔹Compensation: Bitget will compensate users who suffered losses due to the incident, backed by a $300 million protection fund.
🔹CEO Statement: Gracy Chen assures user funds remain secure and clarified that the issue involved individual market participants, not the platform itself.
🔹Similar Incident: This event draws parallels to the Hyperliquid-Jelly exploit from March 2025. $VOXEL
🔹Janover (NASDAQ: JNVR): Added 88,164 $SOL ($11.5M), growing its crypto treasury to over 251,842 SOL.
🔹SOL Strategies (OTCMKTS: CYFRF): Secured a $500M convertible note from ATW Partners to buy and stake SOL.
🔹Upexi (NASDAQ: UPXI): Raised $100M, with 90% allocated to SOL purchases; shares soared 630%.
🔹#Helium Network Expansion: Solana-powered IoT network Helium hit new highs in DAO voting and usage rewards; Walmart offers its $20/month mobile plan in 3,000 stores.
🔹Solana Foundation Update: Tightened validator onboarding/off-boarding rules to boost decentralization and secure the network.$SOL
Ek San
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🚨GSR BACKS $100M #SOLANA TREASURY STRATEGY VIA #NASDAQ FIRM
🔹GSR leads $100M PIPE investment into Upexi (NASDAQ:UPXI).
🔹Upexi shifts to a Solana-based treasury to generate yield + appreciation.
🔹Strategy includes SOL accumulation and staking.
🔹#GSR : Solana's speed, scalability & dev ecosystem ideal for long-term growth.
🔹Solana Foundation applauds move as TradFi + DeFi convergence gains momentum.