Latest news with #Raydium
Yahoo
6 days ago
- Business
- Yahoo
Solana Price Prediction - What could affect SOL's future price?
Solana price prediction remains mixed as the asset contends with bullish ETF prospects and network upgrades versus regulatory delays and technical resistance, with the $180–$188 zone seen as a key breakout level. - ETF delays curb institutional momentum short-term - USDC minting and DeFi growth boost utility - Technical resistance at $176–$188 critical for trend ETF Applications: Six U.S. spot Solana ETF filings (Fidelity, VanEck) face SEC delays, but approval could mirror Bitcoin's 2024 ETF-driven surge. Analysts note a 82% approval chance via Polymarket, with potential inflows if greenlit. USDC Expansion: Circle minted $250M USDC on Solana (May 30), enhancing liquidity for DEXs like Raydium. Solana hosts 34% of all stablecoin volume, driving fee revenue. Institutional Funding: Sol Strategies aims to raise $1B for validator infrastructure, signaling long-term ecosystem bets. Layer-1 Rivalry: Base hit 959 TPS during a token launch (May 29), nearing Solana's 1,039 TPS. However, Solana's $15.3B TVL and $9B DeFi dominance still lead. Meme Coin Reliance: 75% of Solana's Q1 revenue came from meme projects like A slowdown here could pressure fees. Resistance Zone: SOL faces stiff selling at $176.28 (38.2% Fibonacci) and $187.28 (swing high). A close above $180 could target $216 (161.8% extension). Bearish Signals: MACD histogram (-1.73) and RSI (49.67) suggest consolidation, but the 50-day SMA ($154.83) underpins mid-term support. Solana price prediction depends on ETF clarity, DeFi adoption, and reclaiming the $180 resistance level. While network upgrades and stablecoin growth help offset meme coin volatility, SEC delays and rising L1 competition continue to pose risks. Will institutional patience outlast regulatory uncertainty? Solana price prediction remains uncertain amid mixed sentiment: bullish institutional developments clash with technical caution and ETF delays. Traders are eyeing the $200 resistance, while analysts debate short-term volatility versus long-term growth potential. - Institutional adoption surges with Coinbase's 24/7 SOL futures and USDC's $250M Solana mint. - Technical concerns linger as SOL faces resistance at $170–$180 amid overbought signals. - ETF speculation intensifies despite SEC delays, with experts predicting $440–$600+ if approved. Bullish momentum dominates long-term narratives (30-day price +11.35%), but short-term sentiment cooled after a 10% weekly drop. The Crypto Fear & Greed Index fell from 74 (Greed) to 61 (Neutral) this week, reflecting caution after $750M liquidations. Bullish drivers: Coinbase launching 24/7 SOL futures, USDC's $250M mint on Solana. Bearish pressures: SOL rejected at $185 resistance, negative funding rates (-0.0002%), and whale profit-taking. Institutional Adoption:- Coinbase's SOL futures launch (June 13) aims to bridge U.S. and global markets, with derivatives now 75% of crypto trading.- ARK Invest added SOL exposure via a Canadian ETF, citing 'confidence in Solana's growth'. ETF Speculation:- Analysts like VirtualBacon project $440–$600 SOL if spot ETFs gain U.S. approval by late 2025 (X).- SEC delays for Grayscale and 21Shares applications have stalled momentum, but Polymarket odds favor an 82% approval chance. Technical Outlook:- SOL's RSI (73) and Stochastic Oscillator (94) signal overbought conditions, with bears targeting $157–$152 support.- A breakout above $180 could trigger a rally toward $280, per ascending trendline analysis. Chris Burniske (Placeholder VC): 'Loving where the market is… Solana could outperform BTC/ETH'. Peter Brandt: Forecasts $500+ SOL if network stability improves and ETF narratives materialize. Solana Post: Warns of meme-driven volatility but highlights SOL's dominance in DeFi (2nd in TVL) and NFTs. Solana price prediction hinges on ETF approvals, institutional inflows, and technical resilience above $170. While short-term risks persist, its ecosystem growth (DeFi, USDC integration) and developer activity (Firedancer upgrade) underpin bullish conviction. Will SOL's ETF momentum outpace regulatory headwinds in Q4 2025? To get the latest update on Sol, visit our Solana currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
MOG Coin Rallies as Elon Musk, Garry Tan Embrace ‘Mog/Acc' Identity
Move over dogecoin. The new memecoin making waves in tech Twitter's inner sanctum isn't just about fun; it's about mindset. MOG Coin, a popular token offered on Ethereum and Base, is trying to bring in a cultural shift as 'mog/acc' — a mashup of mogging (a slang for being better, stronger, faster) and accelerationism (speeding up technological change at all costs). Techno-optimists are quickly putting on Pit Vipers, a flashy sunglass brand, as their X account display, which is leading to mindshare of the mog token outside of crypto circles. Influential X accounts from Y Combinator founder Garry Tan to owner Elon Musk have all joined the mog/acc train, changing their displays to one wearing a Pit Viper. MOG prices are up more than 11% in the past week, extending 30-day gains to over 130%. Solana ecosystem firms like Raydium and Jupiter have joined in, changing their online displays to a cat or their mascot wearing Pit Vipers and stating 'mog/acc.' A community member has even built a mog/acc bot that automatically converts any display into the aesthetic the mog/acc believers strive for, with the account going viral hours after launching in the wee hours of Wednesday. But what's mog/acc anyway? Believers have a very specific view of it. 'Mog accelerationism is the extension of mog memetics into the sphere of technological progress,' @Virotechnics, a memecoin thought leader, told CoinDesk in a Telegram message. 'It's about winning, competing, and performing well in everything.' "Accelerationism is a philosophy of technological progress, speeding up its pace & ensuring that it's made at any cost. Mog/Acc is the hybrid of the two; and it's a perfect synthesis -- the two ideas complement each other well, and the memetics help spread the philosophy,' he added. Accelerationism, or 'acc' in online slang, is the idea that humans should speed up technological progress no matter the cost. Whether AI, crypto, biotech, or automation, the gist is to go faster, break things, and move the future forward. That has birthed effective accelerationism (e/acc), a recent spin that tries to make accelerationism practical, not just a meme. Subscribers of the mindset include early crypto investor Balaji Srinivasan. In 2023, Ethereum co-founder Vitalik Buterin shared his own version of e/acc as d/acc, or defensive accelerationism, which called for building technology to move forward but actively avoids paths that are filled with greed or a net-negative. As such, Mog/acc isn't just about piggybacking off existing accelerationist trends. It's morphing into its own, distinctly internet-native philosophy. Where e/acc intellectualizes the future and d/acc moralizes it, mog/acc memes it into existence. Believers are stripping away the thinkpieces in favor of flashy avatars and a shared language of winning. Whether mog becomes more than a coin or a vibe is yet to be seen. But for now, it's a full-blown identity play. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hans India
05-05-2025
- Entertainment
- Hans India
Elon Musk Rebrands Himself as ‘Groklon Rust' on X, Sparking Fresh Speculation
Elon Musk has once again made waves on social media by changing his display name on X (formerly Twitter). The tech mogul, known for his unpredictable online presence, now goes by 'Groklon Rust', a move that has left followers guessing about its meaning and intent. The new name appears to be a mashup of two notable elements. 'Grok' is the AI chatbot developed by Musk's artificial intelligence venture, xAI. The term 'Rust' likely refers to the Rust programming language, which is widely respected for its performance and safety and is reportedly used in xAI's tech stack. This combination hints at Musk's continued focus on AI development and infrastructure. But there's another twist: 'Groklon Rust' also happens to be the name of a meme coin circulating on the Solana blockchain. The token is currently traded on decentralized platforms like Raydium, PumpSwap, and Meteora, raising speculation about whether Musk's name change was a playful nod to the coin—or something more strategic. The timing of this name change is also noteworthy. It follows Musk's announcement of a major update to X's recommendation algorithm. As part of the upgrade, Musk revealed that a 'lightweight version' of Grok would be integrated into the platform to refine user engagement and content personalisation. This isn't Musk's first time experimenting with his online persona. Earlier this year, he briefly adopted the name 'Kekius Maximus' and updated his profile picture to feature Pepe the Frog holding a video game joystick—an image deeply embedded in internet meme culture. Interestingly, Kekius Maximus (KEKIUS) also turned out to be a meme cryptocurrency. As of December 27, 2024, KEKIUS was trading at about $0.005667—a staggering 497.56% increase in just 24 hours. Elon Musk's digital rebranding may be quirky, but it's never without purpose. Whether it's about highlighting his AI ambitions, poking fun at crypto culture, or stirring the market, his online moves always grab attention.
Economic Times
05-05-2025
- Economic Times
Elon Musk's name change to ‘Gorklon Rust' on X sparks buzz
Elon Musk stirs intrigue with his latest X handle update to 'Gorklon Rust', referencing his AI chatbot and the Rust programming language. The playful update follows an AI-driven revamp of X's recommendation algorithm. Musk's quirky name changes, especially ones in reference to past memes, continue to capture attention and fuel online buzz. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in TechMore ≫ Elon Musk is at it again with the name and DP changes. The billionaire sparked intrigue by updating his X handle to ' Gorklon Rust ' on playful name seems to be in reference to "Grok", the AI chatbot from Musk's company xAI, and Rust, the programming language that is reportedly part of xAI's technical infrastructure. Musk also updated his profile picture to what appears to be a distorted version of the Grok could also be in reference to the meme coin 'Gorklon Rust' on the Solana blockchain, which is currently traded on decentralised platforms such as PumpSwap, Raydium, and is not the first time Musk has changed his name or profile picture on the social media platform he acquired in 2022. In December , he briefly adopted ' Kekius Maximus', possibly nodding to a meme-inspired cryptocurrency token, Kekius. The name is based on a lesser-known meme that combines the popular Pepe the Frog character with Maximus from caused the coin to surge by over 500% within latest name change comes shortly after Musk on Saturday revealed an overhaul of X's recommendation algorithm, which will now incorporate artificial intelligence to improve the user wrote, "The X recommendation algorithm is being replaced with a lightweight version of @Grok, so will soon be dramatically better!."'You should notice some improvement already,' he added.
NDTV
05-05-2025
- Business
- NDTV
Elon Musk Changes Name To 'Groklon Rust' On X, Sparks Buzz On Social Media
Quick Take Summary is AI generated, newsroom reviewed. Elon Musk changed his display name on X to "Gorklon Rust," supposedly referencing his AI chatbot Grok and the Rust programming language. This sparked a nearly 100% increase in the GORK meme coin's value. Washington: Tech titan Elon Musk is making headlines again, this time for changing his display name to "Gorklon Rust" on his social media platform X. The Tesla CEO has also changed his profile picture. Musk tagged Gork, a parody account of his AI chatbot Grok, and wrote, "Sup @gork changed my pp (profile picture) to urs wdyt (what do you think)." "Looks good i guess but did u have to copy my whole face like that smh," the account responded. looks good i guess but did u have to copy my whole face like that smh — gork (@gork) May 4, 2025 Social media users believe the changed name was a blend of Grok and Rust. While "Grok" is the AI chatbot created by Musk's AI startup xAI, "Rust" most likely refers to the Rust programming language, apparently a part of the company's technical infrastructure. Some even related his changed name to a meme coin, GORK, which is on the Solana blockchain. These are decentralised exchanges (DEXs) where people can trade cryptocurrencies without needing a central authority like a bank or a big company. They can be sold online on trading platforms like Raydium, Meteora and PumpSwap. As soon as Musk changed his name to Gorklon Rust, the prices of GORK shot up almost 100 per cent in 24 hours. Earlier, it traded at Rs 2.62, and now the price is approximately Rs 5.24. The name change came a day after Musk revealed that X would now integrate artificial intelligence to enhance user experience. He wrote, "The X recommendation algorithm is being replaced with a lightweight version of Grok, so it will soon be dramatically better. You should notice some improvement already," he added. The ???? recommendation algorithm is being replaced with a lightweight version of @Grok, so will soon be dramatically better! You should notice some improvement already. — gorklon rust (@elonmusk) May 3, 2025 This was not the first time Elon Musk changed his name on X. Earlier in December, he adopted the name Kekius Maximus, and in February, he changed it to Harry Bolz. Last week, Musk announced he would be stepping back from his role in the Donald Trump administration but assured the Americans that his brainchild, the Department of Government Efficiency (DOGE), would continue to work even in his absence. Asked who would lead the department now, Musk said it could very well function on its own, much like Buddhism thrived even without Buddha.
