Precio de Solana BeachSOLANA

📊 INSIGHT: Solana continues to lead all blockchains in 24-hour DEX volume.

XRP remains the only top crypto asset trading above its 6-month cost basis, signaling relative strength in a weak market. According to a May 6 post on X by Glassnode, while euphoric buyers of Solana ( SOL ), Ethereum ( ETH ), and Bitcoin ( BTC ) are currently underwater, down 28%, 36%, and 1% respectively, XRP ( XRP ) holders from the December–January rally are still 11% in profit. 📊Are Top Buyers in Profit or Pain? Comparing current prices to the cost basis of euphoric buyers (Dec ‘24–Jan ‘25) reveals mid-term sentiment: 🟣 SOL: $146 → 28% loss 🟥 ⚫ XRP: $2.14 → +11% profit 🟩 🔵 ETH: $1.8K → -36% loss 🟥 🟠 BTC: $95K → -1% loss 🟥 📉Price… pic.twitter.com/i5snu7Re7O Given that the prices of most of the top assets continue to fall below the typical entry levels of mid-term holders, this resilience stands out in the face of broader market weakness. XRP’s stability above its typical entry level of $2.14 suggests that longer-term participants are still confident even as price action cools. Technical indicators, however, show that momentum may be slowing down. The relative strength index, currently hovering just below the neutral zone and showing waning bullish momentum, has fallen to 49. The moving average convergence divergence has become bearish, and the Stochastic RSI has entered oversold territory. The fact that all short and mid-term moving averages (10–100 days) are in sell territory further supports the idea that upward pressure is fading. Recent market and on-chain developments suggest underlying accumulation, even in the face of neutral to bearish momentum indicators. On May 7, crypto.news reported that over 300,000 addresses now hold 10,000 XRP or more, a record high. According to analysts, this indicates continuous institutional accumulation, which is likely due to speculation regarding a spot XRP exchange-traded fund. In addition, XRP’s current sideways price action is consistent with time and volume-weighted buying strategies used by institutional players to avoid price disruption. On the macro side, potential tailwinds, such as improving US–China trade relations and expected monetary easing, could support a broader crypto market rebound. Given its impressive Q1 results, buzz around ETFs, and renewed interest in the wake of Ripple’s recent $50 million settlement with the Securities and Exchange Commission, XRP might benefit disproportionately. If institutional accumulation persists and XRP holds support close to its cost basis, a breakout above the $2.20–$2.25 resistance could indicate fresh bullish momentum. Weakening RSI and MACD divergence, along with a clear decline below the $2.14 mark, its mid-term cost basis, could lead to capitulation, especially if the overall crypto market sentiment worsens.

New #SEC filing: Classover Holdings, Inc. And another existing publically traded company registers to raise money to become a #Solana-centric digital asset treasury strategy. The #Nasdaq ticker symbols for the Company’s Common Stock and Public Warrants are “KIDZ” and “KIDZW,” respectively. This company sold online K-12 educational courses, an educational company, and have registered to raise money via issuing 17m shares to become a @solana reserve focussed company. "In connection with the EPFA, we have adopted a Solana-centric digital asset treasury strategy pursuant to which we will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the EPFA to the purchasing, long-term holding, and staking of Solana tokens, including operating Solana validators to earn staking rewards and contribute to the network’s security and decentralization and reinvesting staking yields to further expand our #Solana holdings and strengthen itours engagement within the Solana ecosystem. We have engaged Chaince Securities LLC as advisor to assist us with this treasury strategy. Proceeds from the sale of shares under the EPFA shall also be used for general working capital to expand our business and for potential strategic acquisitions."

Figure @FigureMarkets (a leading #RWA company) registers a S-1 for a digital blockchain certificate company "FIGURE CERTIFICATE COMPANY" with the #SEC - the first blockchain notes. People this is the first ever digital security registration!!!!! Products include: Figure Transferable Certificates ∙     Issued as digital representations of FCC’s face-amount certificates that can be transferred through peer-to-peer transactions (as described below) and through transactions on a registered alternative trading system (“ATS”). ∙     Issued, surrendered, and/or transferred using blockchain technology. ∙     Interest rate applicable to all Certificates is the overnight Secured Overnight Financing Rate (“SOFR”) less 50 basis points, with a minimum rate of 0.00%. ∙     Simple interest accrues daily and is credited daily to the Certificate holder of record (determined on each day’s record time). ∙     Accrued interest is paid monthly in U.S. dollars that will automatically be reinvested in additional Certificates, unless an investor opts out of the automatic reinvestment. ∙     Interest payments are rounded down to the nearest penny. ∙     Matures 20 years from the issue date of a Certificate at the face amount ($0.01/certificate), plus accrued interest (minus any applicable expenses or fees). Figure Installment Certificates ∙     Issued as digital representations of FCC’s face-amount certificates. ∙     Issued and/or surrendered using blockchain technology. ∙     Issued periodically at a minimum price of $1000/certificate and a maximum price of $1 million/certificate. ∙     Additional installments equal to 25% of the initial payment. ∙     Interest rate applicable to all certificates is the overnight SOFR rate with a minimum rate of 0.00%. ∙     Simple interest accrues daily and is credited daily to the Certificate holder. ∙     Accrued interest is paid monthly in the form of U.S. dollars, unless an investor chooses to automatically add interest payments to their certificate’s principal amount. ∙     Interest payments are rounded down to the nearest penny. ∙     May be surrendered at any time at the face amount (the aggregate of the initial price and all installment payments/certificate, plus any interest added to principal/certificate, minus any withdrawals), plus accrued interest (minus any applicable expenses or fees). ∙     Matures 20 years from the issue date of a certificate at the face amount (the aggregate of the initial price and all installment payments/certificate, plus any interest added to principal/certificate, minus any withdrawals), plus accrued interest (minus any applicable expenses or fees). FCC currently uses the @provenancefdn Provenance Blockchain as the primary public blockchain and purchasers of Certificates may initially hold their wallets on the Provenance Blockchain. However, FCC may also use the #Polygon, #Aptos, #Avalanche, #Arbitrum, #Ethereum, #Solana, and #Base and other suitable blockchains for accounts upon request and subject to eligibility. The transfer agent’s blockchain network suitability framework is described in greater detail in the section “Suitability for Blockchain Networks” and includes certain key standards such as redundancy qualities, continuous uptime, block time, and transaction fees. Potential and existing Certificate holders must contact FCC’s transfer agent to determine eligibility to hold digital representation of Certificates on a blockchain other than Provenance and the availability of the other blockchain. Approval to hold a digital representation of a Certificate on a blockchain other than Provenance is subject to the sole discretion of FCC and its transfer agent. For more information regarding eligibility criteria for the available blockchain networks, see “Blockchain Network Suitability Framework.”

Backpack enables staking process for $SOL reserves @armaniferrante, founder and CEO of Solana-based crypto exchange @Backpack, announced via X that Backpack has started the process of staking its Solana (SOL) reserves. To begin with, Backpack intends to offer all staking yields