- Solana (SOL), the sixth largest cryptocurrency by market capitalization, has fallen by over 7 percent in the last 24 hours.
Binance, the world’s largest cryptocurrency exchange, has shut down all Left (LEFT) Noting that it has temporarily suspended withdraws, he explained, “SOL withdrawals may be paused from time to time depending on the network situation.”
Updates on $LEFT withdrawals:
We would like to inform you that we are aware of the current issues regarding withdrawals on the @solana network. #Binance is working with the project team to ensure that these issues are resolved as soon as possible.
— Binance (@binance) April 7, 2022
In another update, the cryptocurrency exchange stated that it is aware of the current issues with withdrawals on the Solana network:
“Binance is working with the project team to ensure these issues are resolved as soon as possible.”
At the time of writing, there was no detailed information about the suspension of withdrawals.
Crypto market and SOL hit after Fed meeting
Crypto futures traders lost over $400 million on Wednesday as stocks tumbled in response to the Fed’s intended rate hikes, as most cryptocurrencies fell to new lows.
According to Coinglass data, Solana’s (LEFT) Futures, which tracks price movements, has lost $25 million in liquidation in the last 24 hours. In addition, Solana, the sixth largest cryptocurrency by market capitalization, has dropped more than 7 percent in the last 24 hours. The network’s native token, SOL, is currently trading at just over $117, according to data from CoinMarketCap.
According to recent statements, OpenSea, the leading non-fungible token marketplace, has integrated the Solana network into its platform. The crypto community on Twitter is starting to notice several Solana-backed NFT collections appearing on the platform earlier today.
The highly anticipated integration came as no surprise to the NFT community. On March 29, OpenSea announced that it would begin adding NFT collections that were printed in Solana in April.
In January, Jane Manchun Wong, a tech blogger famous for revealing new features before they were made public, tweeted that OpenSea is working on integrating Solana, confirming that the key player in NFTs is poised to step up multi-chain bets.
With their latest addition to the platform, OpenSea now supports four chains (Ethereum, Solana, Polygon and Klatyn).
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.