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$SOL
By the end of 2022, Solana had lost over $50 billion in value since the start of the year. From the beginning of 2023 until March 15, coinciding with the crypto market rally, Solana’s value rose 100%, bringing its market cap to around $7 billion. On June 11, 2023, Solana dropped nearly 30% in a single day after the Securities and Exchange Commission announced that it would file a lawsuit in court that Sol was a security, prompting major exchanges to divest their holdings, including Robinhood, which delisted Sol and other cryptocurrencies named by the SEC in its lawsuit.
According to the company’s whitepaper, Solana is working on a proof-of-stake model to achieve consensus. The New York Times and Financial Times have described it as an alternative to Ethereum
By the end of 2022, Solana had lost over $50 billion in value since the start of the year. From the beginning of 2023 until March 15, coinciding with the crypto market rally, Solana’s value rose 100%, bringing its market cap to around $7 billion. On June 11, 2023, Solana dropped nearly 30% in a single day after the Securities and Exchange Commission announced that it would file a lawsuit in court that Sol was a security, prompting major exchanges to divest their holdings, including Robinhood, which delisted Sol and other cryptocurrencies named by the SEC in its lawsuit.
According to the company’s whitepaper, Solana is working on a proof-of-stake model to achieve consensus. The New York Times and Financial Times have described it as an alternative to Ethereum
$SOL 🚨🚨🚨🐳🐳🐳 U.S. Securities and Exchange Commission (SEC) has not yet announced a decision regarding the Solana (SOL) exchange-traded fund (ETF) applications. The initial review deadline for these applications was January 25, 2025. The SEC had the option to approve, reject, or extend the review period. Given the absence of an announcement, it is possible that the SEC has chosen to extend its review.
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