Tag: Solana

  • Scammers Exploit Ozzy Osbournes Passing with Fake Tokens and NFTs on Solana

    Scammers Exploit Ozzy Osbournes Passing with Fake Tokens and NFTs on Solana

    The Recent Passing of Ozzy Osbourne and the Rise of Cryptocurrency Scams

    The recent passing of legendary rock icon Ozzy Osbourne has not only left fans mourning but has also opened the door for opportunistic scammers in the cryptocurrency world. Within hours of the announcement, a surge of fraudulent tokens bearing Osbourne’s name emerged on the Solana blockchain, leading to significant financial losses for unsuspecting investors.

    A Surge of Scam Tokens

    In the wake of Osbourne’s death, at least 15 Solana-based tokens with names like “OZZY” and “RIP Ozzy” were launched. These tokens attracted traders with promises of quick profits but were, in reality, classic pump-and-dump schemes. Developers behind these tokens withdrew liquidity shortly after launch, leaving investors with worthless assets. On-chain data indicates that at least 10 of these tokens were confirmed as rug pulls, draining approximately 1,625 SOL from liquidity pools—equivalent to around $325,000 at current market prices. Additional suspected scams could push total investor losses to between 1,675 and 1,725 SOL, or roughly $335,000 to $345,000.

    A Pattern of Exploitation

    This incident mirrors previous opportunistic scams in the crypto space. For instance, during Bitcoin Pizza Day, meme coin fraudsters profited over $200,000 through similar rug pulls. The Solana blockchain, known for its low fees and user-friendly decentralized exchanges, has become a hotspot for such fraudulent activities. Research by Solidus Labs reveals that approximately 98.7% of tokens on platforms like Pump.fun and Raydium have characteristics of pump-and-dump schemes or rug pulls.

    Solana Rug Pulls Data

    The CryptoBatz NFT Scam

    This isn’t the first time Osbourne’s name has been exploited in the crypto world. In January 2022, Osbourne launched an NFT collection called CryptoBatz, featuring 9,666 digital bats. Shortly after the launch, scammers took advantage of a change in the project’s Discord URL. The original URL, which was still accessible through old tweets, was hijacked by fraudsters who set up a fake Discord server. Unsuspecting fans who joined the fake server were directed to phishing sites that drained their cryptocurrency wallets. One victim reported losing between $300 and $400 in Ethereum, while the scammer’s wallet accumulated over $40,000 from multiple victims.

    Read more about the CryptoBatz scam

    The Need for Vigilance

    These incidents underscore the importance of vigilance in the rapidly evolving crypto landscape. Investors are urged to conduct thorough research before engaging with new tokens or NFT projects, especially those that emerge suddenly in response to high-profile events.
    The crypto community must also advocate for stronger security measures and regulatory oversight to protect against such exploitative schemes.

    As the crypto market continues to grow, the need for due diligence and caution becomes ever more critical. By staying informed and skeptical of too-good-to-be-true opportunities, investors can better safeguard their assets against the rising tide of crypto scams.

  • Solana RWA Tokenization Accelerates with Institutional Demand and $250M USDC Mint

    Solana RWA Tokenization Accelerates with Institutional Demand and $250M USDC Mint

    Solana’s Real-World Asset Tokenization Sets the Pace: Institutional Demand and Fresh Capital Push SOL to New Highs

    The blockchain sector is buzzing as Solana (SOL) grabs the spotlight, not just with a rise in its price but by taking a leading role in the real-world asset (RWA) tokenization trend. With a 140.6% surge in RWA issuance to $418 million so far this year, and a bold move by Circle minting $250 million in USDC on Solana within 24 hours, attention is shifting to how this blockchain is attracting serious institutional capital. But what does this all mean, and why is Solana’s momentum so important right now?

    Solana Price Chart

    Solana price performance, source: CoinCentral

    Steady Growth in Real-World Asset Tokenization

    Over the past year, the buzz around RWA—turning things like stocks and government bonds into easily tradable digital tokens—has grown. Solana, once known for speedy DeFi apps and NFT activity, now boasts more U.S. Treasury tokens and even assets like Tesla shares on-chain. Leading projects like USDY and OUSG are at the front, joined by rising names such as TBILL, ACRED, and BUIDL. These digital wrappers make it easier for anyone—retail or institutional—to get access to investments without long waits, paperwork, or high minimums.

    • RWA issued on Solana: $418 million (up 140.6% year-to-date)
    • Circle minted $250 million USDC on Solana in 24 hours
    • Assets like U.S. Treasuries and even stocks are now represented as tokens

    For big financial firms, these numbers matter. Reliable, fast settlement, and high liquidity are the keys to wider adoption—and Solana is making steady strides to offer all three.

    Technical Breakout: Is $180 Next for SOL?

    The rising popularity of RWA tokens has fueled fresh trading optimism around Solana’s native token, SOL. Recently, SOL managed to break above the $155 resistance—a level it struggled with for days. Now, technical traders see $180 as the next target, aligning with highs set in May.

    Crypto analysts highlight a robust technical set-up: SOL is holding above its 200-day EMA, supported by a clean trendline from June lows. The $158–$160 price region is now a springboard, with horizontal support, trendline, and EMA all working in SOL’s favor.

    This means traders are watching the $167 close closely. A strong move above it could drive SOL toward $180–$185.
    Solana Technical Chart
    Source: TradingView

    Big Volumes, Bigger Sell Walls

    According to analyst CW8900, there are two major hurdles in SOL’s way: one near $180 and a more distant one just under $290. Right now, with SOL trading in the $160s, the path to $180 sees little resistance. If the token clears this, SOL could find itself in a wide “vacuum” zone, with room to run all the way to $290 before significant selling pressure returns. But breaking above $180 will be the real test—volume and momentum need to keep up.

    Fresh Liquidity from Circle’s Massive USDC Mint

    Another big boost for Solana comes from Circle’s huge one-day mint: $250 million USDC issued on Solana. This isn’t just a splashy headline. It provides deep liquidity for on-chain traders and institutions, making it easier for funds to move in and out or for new RWA offerings to be backed by stable, dollar-pegged assets.

    In short, more USDC means easier access to new products—and more reasons for investors to choose Solana-based assets over others.

    ETF Approval: Institutional Money Joins the Fray

    Perhaps the most eye-catching news for traditional investors is Solana’s leap into the ETF arena. The REX-Osprey SOL + Staking ETF (SSK) recently saw approval in the U.S. and is already nearing $100 million in assets managed. This signals clear demand from institutional players—funds, family offices, and professional wealth managers—who have waited for regulated, mainstream access to crypto beyond just Bitcoin or Ethereum.

    • First Solana ETF approved, nearing $100 million under management
    • Institutional investors now have a way to gain exposure to SOL in regulated markets

    LuxAlgo’s technical analysis shows a clear breakout for SOL. The 9-day and 21-day EMAs recently crossed above the longer-term 200-day EMA, a move often called a “golden cross”—considered a strong sign that price could climb higher.

    Why Tokenized Real-World Assets Matter

    Tokenization removes many of the old barriers in finance. It cuts down settlement times from days to minutes, reduces fees, and lowers entry requirements so more people can invest. For institutions, it means easier portfolio management and faster, more transparent tracking of assets. For the average user, it brings the kind of opportunities usually reserved for people with big accounts or special relationships with private banks.

    The Road Ahead for Solana

    Solana’s strong performance isn’t just luck. With a growing list of RWA products, deepening liquidity from USDC, and a green light for institutional funds through its new ETF, the chain is making its case as more than just a home for NFT memes or speculative DeFi. The next hurdles are to keep security and reliability tight, expand product offerings, and attract more big players—without losing the appeal to smaller, everyday users.

    As things are shaping up, eyes will be on whether Solana can clear the $180 mark and build on this momentum. For now, what’s clear is that digital versions of traditional investments are finding a home on Solana, and both traders and institutional investors are taking note.

    For more updates on SOL, assets, and on-chain activity, visit CoinCentral’s feature on Solana’s RWA boom.

    also read:LetsBonk Dominates Solana Meme Token Scene with $539M Trading Volume and Over 18000 New Coins in a Day

  • LetsBonk Dominates Solana Meme Token Scene with $539M Trading Volume and Over 18000 New Coins in a Day

    LetsBonk Dominates Solana Meme Token Scene with $539M Trading Volume and Over 18000 New Coins in a Day

    Investors Track LetsBonk’s Rapid Rise as It Overtakes Pump.fun on Solana Meme Token Scene

    By CryptoNews Senior Editor

    A Surprising Shift Among Solana Launchpads

    The world of meme tokens has been buzzing lately, and the LetsBonk platform has found itself at the heart of the story. In a rare turn of events, LetsBonk has managed to outpace Pump.fun, sitting firmly at the top as the leading meme coin launchpad in terms of both volume and revenue. For many investors tracking the Solana ecosystem, this is more than a leaderboard moment—it’s a sign of how quickly trends can change in crypto’s fast-moving markets.

    The Power Behind the Numbers

    LetsBonk has captured over 55.3% of the market share, recording a huge 24-hour trading volume of $539 million. That’s a number that puts even some more established trading platforms in the shadows. According to recent data, LetsBonk users created a record-breaking 18,093 meme coins in just one day. These numbers are not just impressive—they’re a signal that something new and exciting is happening on Solana.

    LetsBonk leads the list of launchpad platforms, surpassing long-standing rival Pump.fun. Source: Jup
    LetsBonk now dominates meme coin launchpads, surpassing Pump.fun. Source: Jup

    What’s Fueling LetsBonk’s Popularity?

    LetsBonk’s success is partly due to some creative and catchy meme coins. Tokens like SAVOUR, which has a fun food theme, and WUKONG, inspired by Chinese legends, have captured the imagination of the meme coin community. Their fast popularity shows that LetsBonk knows how to tap into internet trends and cultural interests to spark interest and drive trading.

    LetsBonk performance. Source: Dune
    Memecoin launches and trading activity have surged. Source: Dune

    This approach is working not just in terms of popularity—but also in terms of earnings. In the past 24 hours, LetsBonk earned over $1 million in fees, edging out Pump.fun and confirming that investors and creators alike are flocking to this platform.

    LetsBonk’s fee revenue. Source: DefiLlama
    Fee revenue for LetsBonk in the past day rivals top crypto platforms. Source: DefiLlama

    Why Are Investors Watching LetsBonk So Closely?

    The interest from investors is about more than just the flashy numbers. LetsBonk has found a way to stand out in a crowded field by focusing on:

    • Easy access: It’s simple and fast to launch or trade new meme tokens.
    • Creativity and fun themes: The platform features tokens with unique hooks and internet-savvy marketing.
    • Fair revenue sharing: LetsBonk’s approach to fees and liquidity has attracted both creators and traders.

    With so much trading activity, LetsBonk is also showing that it can support high volumes and sudden spikes in interest without slowing down. That’s an important mark of reliability for anyone looking to trade or invest in new meme tokens.

    What’s Happening with Pump.fun?

    While LetsBonk is on a winning streak, Pump.fun—its longtime rival in the Solana meme coin launchpad scene—has seen a slowdown. Reports from analytics platforms suggest nearly 90% of top traders on Pump.fun might be automated bots, and more than 60% of traders have been losing money recently. For real, individual traders, this is a sign that the platform may not be as welcoming as it once was.

    There are several possible reasons for this:

    • Automated bots could be crowding out regular users, making it hard for them to profit.
    • Revenue and user experience might not match LetsBonk’s model.
    • Fewer creative launches may mean less buzz and excitement on social media.

    Looking Forward: Will LetsBonk Keep Its Lead?

    The big question for investors and meme coin fans is whether LetsBonk can keep this momentum going. Meme tokens can be unpredictable, and platform leaders often change quickly. Some experts say LetsBonk’s growth strategy—focusing on fun, fast launches and fair revenue—could help it stay ahead, but nothing is guaranteed in the world of crypto.

    Still, for now, LetsBonk’s numbers are hard to ignore. The platform could help set new standards for how meme coins are made, traded, and enjoyed on Solana. Investors are keeping a close watch—hoping that this isn’t just a temporary trend, but the start of something lasting and profitable.

    Final Thoughts

    Meme coins are about more than just jokes or social media trends. They are now a genuine force for trading communities who want to take part in fast-moving markets. With LetsBonk’s recent rise, the Solana meme coin scene feels lively and exciting. Whether you’re a new investor or a longtime trader, this is one story worth following.

    For regular updates, performance charts, and more, visit the original article on BeInCrypto.

    also read:Hashflows HFT Surges Over 100% After Solana Integration and Token Unlock Announcement

  • Hashflows HFT Surges Over 100% After Solana Integration and Token Unlock Announcement

    Hashflows HFT Surges Over 100% After Solana Integration and Token Unlock Announcement

    Hashflow’s native token, HFT, has experienced a remarkable surge, climbing over 100% in the past 24 hours. This significant increase has caught the attention of traders and investors alike. Let’s explore the factors contributing to this rapid ascent.

    Recent Price Performance

    As of July 1, 2025, HFT’s price has risen to approximately $0.127, marking a substantial increase from its previous levels. The token reached an intraday high of $0.151 before settling around $0.127. This surge represents a 99.2% increase in the past 24 hours. Additionally, HFT’s trading volume has skyrocketed, with a 580% increase compared to the previous day, reaching nearly $550 million.

    Integration with Solana

    A key driver behind HFT’s recent performance is its integration with the Solana blockchain. On June 11, 2025, Hashflow announced the successful integration of HFT on Solana, enabling users to deposit and withdraw HFT tokens directly on the Solana network. This integration was supported by major exchanges, including Binance, which facilitated seamless transactions for users. The move aimed to enhance the token’s utility and accessibility, attracting a broader user base. altcoincx.com

    Upcoming Token Unlocks

    Another factor influencing HFT’s price is the upcoming token unlock scheduled for July 7, 2025. Hashflow plans to release 13.62 million HFT tokens, constituting approximately 3.28% of the current circulating supply. These tokens are allocated to early investors, the core team, and ecosystem development. The gradual release of tokens is designed to prevent sudden market shocks and maintain price stability. coincarp.com

    Market Sentiment and Trading Activity

    The combination of the Solana integration and the transparent token unlock schedule has bolstered trader confidence. The increased trading volume indicates heightened interest and activity surrounding HFT. Investors are optimistic about the token’s future prospects, contributing to the upward price momentum.

    Conclusion

    HFT’s impressive price surge can be attributed to strategic developments such as its integration with the Solana network and a well-structured token unlock plan. These initiatives have enhanced the token’s utility and transparency, fostering positive market sentiment. As the crypto landscape continues to evolve, HFT’s recent performance underscores the importance of strategic partnerships and clear communication in driving token value.

    also read:CyberStep Launches CRYPTECH Capital to Integrate In-Game Tokens with Major Cryptocurrencies

  • Solana ETF Approval Sparks Surges in SOL and Meme Coin BONK

    Solana ETF Approval Sparks Surges in SOL and Meme Coin BONK

    The Cryptocurrency Landscape and the Potential for Solana ETFs

    The cryptocurrency landscape is abuzz with anticipation as the potential approval of Solana-based exchange-traded funds (ETFs) looms on the horizon. This development has sparked discussions about its impact on Solana’s native token, SOL, and the broader ecosystem, including meme coins like BONK.

    The Road to Solana ETFs

    In recent months, several financial firms have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch ETFs tied to Solana. Notable among these are VanEck, 21Shares, and Bitwise, all seeking to offer investors exposure to SOL through traditional financial instruments. The SEC has requested these issuers to update their filings, indicating a proactive engagement that could lead to approvals in the near future. blockworks.co

    Bloomberg Intelligence has raised the estimated odds of a Solana ETF approval to 90%, reflecting growing optimism within the industry. cointelegraph.com

    This sentiment is echoed by prediction markets like Polymarket, where bettors assign a 78% probability to such an approval occurring this year. cryptobriefing.com

    Implications for SOL and the Solana Ecosystem

    The approval of a Solana ETF is expected to have a significant impact on SOL’s market performance. Historically, the introduction of ETFs has led to increased institutional investment and liquidity for the underlying assets. For instance, the launch of Bitcoin ETFs in 2024 attracted $65 billion in investments, propelling Bitcoin’s price from $43,000 to over $100,000. reuters.com

    A similar trajectory for SOL could invigorate the entire Solana ecosystem, benefiting various projects and tokens built on its blockchain.

    BONK: A Leveraged Play on Solana’s Success

    Within the Solana ecosystem, the meme coin BONK has garnered attention for its potential to amplify gains associated with SOL’s performance. Crypto analyst Unipcs, known for turning a $16,000 investment into over $10 million through a long BONK trade, describes BONK as a “3X leveraged bet” on SOL. This characterization stems from BONK’s historical price movements, which have often exhibited greater volatility compared to SOL.

    For example, during a surge in late 2024, BONK’s price increased by nearly 19,000% from its October lows, reaching an all-time high in November. However, it subsequently experienced a significant correction, highlighting the inherent volatility of meme coins. gate.com

    Current Market Performance

    As of June 30, 2025, SOL is trading at $150.62, with an intraday high of $154.57 and a low of $149.87. BONK is priced at $0.00001476, with an intraday high of $0.00001516 and a low of $0.00001439. These figures reflect the dynamic nature of the cryptocurrency market and the specific volatility associated with meme coins like BONK.

    Considerations for Investors

    While the potential approval of Solana ETFs presents an exciting opportunity, it’s essential for investors to approach with caution. Meme coins like BONK can offer substantial returns but come with heightened risk due to their volatility. Diversification and thorough research are crucial when considering investments in such assets.

    In conclusion, the anticipated approval of Solana ETFs could mark a significant milestone for the cryptocurrency market, potentially boosting SOL’s value and, by extension, impacting related tokens like BONK. However, investors should remain vigilant, understanding the risks and rewards inherent in this evolving landscape.

    also read:Bitcoin Outpaces Alphabet in Market Capitalization Marking New Financial Milestone

  • SEC Rule Uncertainty Could Accelerate or Delay Solana ETF Launches

    SEC Rule Uncertainty Could Accelerate or Delay Solana ETF Launches

    How SEC Rules May Shape the Future of Solana ETF Approvals

    The United States Securities and Exchange Commission (SEC) has been busy in recent months. From giant stacks of paperwork sitting on regulators’ desks to a crowded list of cryptocurrency investment products vying for attention, it’s clear—the race to launch the first Solana ETF is on. But as excitement builds, many investors are asking: how much does the SEC’s rulebook matter in deciding Solana’s fate?

    Solana Joins the ETF Race

    Recently, Invesco Ltd and Galaxy Digital LP teamed up and filed to list a Solana exchange-traded fund (ETF). They aren’t alone: At least 12 Solana ETF applications are stacked up at the SEC. The competition echoes earlier races for Bitcoin and Ethereum ETFs, which brought crypto closer to mainstream finance and have attracted billions of dollars.

    Here’s why this matters:

    • The largest Bitcoin ETF—iShares Bitcoin Trust (IBIT)—now handles over $70 billion.
    • Ethereum ETFs, including iShares Ethereum Trust and Grayscale Ethereum Trust, manage billions as well.

    Such success stories have sparked great interest in launching the next big product—potentially making Solana ($SOL) the next asset to see massive inflows from both traditional investors and crypto enthusiasts alike.

    List of BTC and ETH ETFs

    SEC Rules: The Waiting Game

    But here’s where things slow down. Even though Bitcoin and Ethereum ETFs have already made their mark, the SEC still hasn’t finalized a set of clear rules for approving, listing, or regulating crypto ETFs. This puts every new application—including Solana’s—in a kind of “limbo.” That leaves everyone wondering:

    • Will the SEC wait until new rules are written?
    • Or will they start approving more ETFs and put the rules together along the way?

    The answer is far from simple, but several key deadlines are looming. Grayscale, a big player in crypto investing, wants to convert its Digital Large Cap Fund (which already holds Solana) into an ETF. Their deadline is July 2. If the SEC gives the green light, it could start a wave of similar conversions and bring Solana ETFs to market sooner rather than later.

    What’s Holding Up the SEC?

    A lot of the delay comes down to rules—or rather, the lack of them. After Bitcoin and Ethereum ETFs were approved, it became clear the SEC was comfortable with the biggest cryptos, but less sure about others. The agency wants to be certain that:

    • Investors are protected from big swings or fraud.
    • The market has proper surveillance, so price manipulation is difficult.
    • There are clear ways for these funds to hold and value the underlying crypto.

    Without a clear roadmap, fund managers are left waiting. Industry insiders are now guessing whether the SEC will pause everything while writing the rules, or simply go ahead, tackling each application on a case-by-case basis.

    A Larger Shift: Multi-Crypto ETFs on the Horizon?

    While Solana’s single-asset ETFs grab the headlines, there’s a bigger shift underneath. Some investment firms want to roll out ETFs that include several cryptocurrencies in one basket. This would be a big step, bringing even more assets—including Solana—into mainstream financial portfolios.

    If the SEC approves Grayscale’s planned conversion, and others follow, it could mean that Solana—and possibly other top cryptocurrencies—will get easier and safer access for regular investors sooner than expected.

    Meanwhile, Solana’s Meme Coin Craze

    While the ETF race unfolds in boardrooms and regulator offices, a different side of the Solana ecosystem is heating up. On Telegram, a trading bot called Snorter Bot is catching attention from meme coin traders. Powered by the $SNORT token, the bot offers:

    • Fast transactions and swaps.
    • Automated tools to buy and sell the latest meme coins quickly.
    • Extra safety to protect users against scams (like “rug pulls”).

    Sniff out with snorter

    This tool’s growing popularity points to Solana’s flexibility—from high-powered financial products down to grassroots trading communities.

    What Happens Next?

    Whether the SEC moves fast or slow, their decisions will help decide how much and how quickly Solana grows from here. If the agency allows Solana ETFs under current procedures, it may boost Solana’s visibility and price. More “traditional” investors will finally have a simple way to gain exposure to $SOL, just like they do with stocks or gold.

    If the SEC decides instead to spend months writing more detailed rules, it could slow Solana’s entry into big investment markets. Yet even then, signs show investors and product makers are not waiting around—they’re actively pushing for approvals and exploring creative ways to offer Solana-based investments.

    Final Thoughts

    For now, the future of Solana ETFs depends on how quickly the SEC acts and which way its rulemaking goes. Industry players will watch closely as decisions unfold, because the path chosen by the SEC will echo well beyond just Solana. It might determine not only which crypto ETFs reach the market, but also how much confidence both big and small investors have in the entire crypto ETF “experiment.”

    From giant ETFs traded on Wall Street to meme coins swapped instantly on Telegram, Solana’s future is being shaped both in meeting rooms and on message boards. So, as filings pile up at the SEC, the story of Solana—and the rules that may make it mainstream—remains one to watch.

    Want to read more about the Snorter Bot? Visit the Snorter website for details.