Global #Solana

This week saw the birth of Flying Monkey (FLYMONK), a new memecoin on Solana that is expected to make significant gains given the recent decline in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).

According to trader and digital asset investor Dan Smith, there is an issue with spam transactions on the Solana (SOL) blockchain. The cryptocurrency enthusiast described how spammers increase the quantity of unsuccessful transactions on the blockchain network in a series of X posts.

A brand-new memecoin called Flying Monkey (FLYMONK), which debuted on Solana today, is expected to make significant gains in light of the recent declines in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).

Over the past week, there has been a notable 21% decrease in Solana's native token, SOL, which has reached its lowest value in almost six weeks. Given that SOL's price increase of 61% in March, investors may have been unduly enthusiastic. This decline has resulted in significant liquidations of leveraged long SOL futures contracts totaling $113 million since April 11.

According to a recent survey, Ethereum has emerged as the most frequently reported victim of blockchain breaches in 2024, with 33 incidences.

Solana fell and started to drop toward $110. The price of SOL is currently repairing losses over $140 and encountering challenges in the $160 resistance area.