In keeping with WhaleStats, Solana now ranks among the many high 10 when it comes to buying and selling quantity among the many 500 greatest BSC whales within the final 24 hours. Solana buying and selling by whales or massive holders got here into the highlight in June after a SOL whale place got here dangerously near liquidation.
JUST IN: $SOL @solana now on high 10 by buying and selling quantity amongst 500 greatest #BSC whales within the final 24hrs 🐳
Peep the highest 100 whales right here: https://t.co/f4ZJg8SIWe
(and hodl $BBW to see knowledge for the highest 500!)#SOL #whalestats #babywhale #BBW pic.twitter.com/yruDrGK4hs
— WhaleStats – the highest 1000 BSC richlist (@WhaleStatsBSC) August 1, 2022
The nameless pockets at situation had reportedly deposited 95% of Solend’s complete SOL pool and represented 88% of USDC borrows. Through the huge crypto liquidations witnessed through the market drop in June, the pockets reportedly utilized by Solend’s single largest consumer got here dangerously near a hefty margin name.
Solana builders have been involved that huge liquidation, price hundreds of thousands of {dollars}, would possibly overwhelm Solana’s decentralized exchanges, inflicting the community to stutter. Therefore, a transfer was initiated to take over the account, which was later invalidated.
On the time of publication, Solana was altering fingers at $42.75, down 3% within the final 24 hours and 10% increased because the earlier week.
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Solana steals present at high U.S. music competition
Solana tweeted about its most up-to-date look on the Lollapalooza occasion over the weekend:
It was particular to see 1000’s of competition goers interacting for the primary time with NFTs through the Dopamine Treasure Hunt. One other step in direction of bringing NFTs and crypto to the lots.
Lollapalooza is an annual four-day music competition held in Grant Park in Chicago, attracting over 400,000 attendees this yr.
Previously week, the Solana blockchain introduced it was opening a retail house in New York Metropolis; nonetheless, it doesn’t intend to promote something. Solana Areas, positioned at the high-end Hudson Yards on Manhattan’s West Facet, intends to be a “tradition heart.” The Solana Basis envisions it as a location the place individuals will “hang around” and find out about cryptocurrencies.
