Solana Labs' Head of Strategy, Austin Federa, conveyed optimism over Tensor (TENSOR) obtaining a listing on the OKX crypto exchange.

STORY HIGHLIGHTS

• Tensor (TNSR), the native crypto of the top Solana NFT marketplace, is set to debut on OKX.
• The OKX spot trading will commence at 3:15 p.m. UTC.
• Solana Labs strategist, Austin Federa, hailed Tensor's listing on OKX.

OKX, a leading cryptocurrency exchange platform, has officially announced the listing of Tensor (TNSR) on its spot trading market. Tensor is a prominent player in the NFT ecosystem built on Solana. Moreover, now it’s newly launched token is set to make its debut on OKX’s platform with a series of scheduled events.

Solana Exec Hails Tensor’s OKX Listing

The Head of Strategy at Solana Labs, Austin Federa, expressed optimism toward the Tensor listing on OKX. He highlighted that Solana ecosystem tokens are growing strong with major exchange listings. Furthermore, the Solana community has also shown interest in the new token listing.

According to the latest announcement, TNSR deposits on the OKX exchange will open at 4:00 am UTC on April 8, 2024. This will be followed by the commencement of TNSR/USDT spot trading at 3:15 pm UTC on the same day. Additionally, TNSR withdrawals are slated to open at 3:15 pm UTC on April 9, 2024.
The introduction of Tensor to OKX’s trading ecosystem marks a significant milestone for the Solana NFT community. Tensor Protocol, renowned for its smart contract-based autonomous protocol, serves as a cornerstone for NFT marketplaces.
Furthermore, it facilitates seamless connectivity among users, collectors, buyers, and sellers. The platform’s native token has a maximum supply of 1,000,000,000 tokens. Moreover, Tensor aims to revolutionize NFT trading experiences on the Solana blockchain with the launch of TNSR today.

Also Read: Binance Coin (BNB) and Solana (SOL) Giants Eye the Adorable Potential of Koala Coin (KLC) Presale

About Tensor Protocol

Notably, Tensor has emerged as the largest NFT marketplace on Solana. It commands an impressive 60-70% of the network’s NFT volume daily. Moreover, its rapid ascent to dominance since its launch in July 2022 underscores its appeal and utility within the emerging NFT landscape. Hence, Tensor made a groundbreaking move by introducing its native token, TNSR.
Tensor’s success can be attributed to its commitment to providing a fast and professional trading environment, coupled with comprehensive coverage of the newest NFT projects on Solana blockchain. Within less than a year, Tensor ascended to the coveted position of the #1 marketplace on Solana, earning the trust and patronage of collectors and traders alike.

As TNSR makes its debut on OKX’s platform, anticipation mounts regarding its potential impact on the broader crypto market. Currently, TNSR’s price yet to be determined as the listing is still pending. Moreover, its listing on OKX will present an opportunity for traders and enthusiasts to engage with this new investment option.
Also Read: Hot Crypto Alert: Solana and Dogwifhat Set to Soar in April Despite Investor Focus on the Pullix DeFi Token

Solana Meme Coins Outperform SOL Price, Slothana Presale Raises $10 Million

Solana meme coin SLOTH has raised $10 million
Solana meme coins are posting some of the chunkiest gains in today’s market-wide rally, according to data by CoinGecko.
For context, crypto is broadly rallying today as market leaders Bitcoin (BTC) and Ethereum (ETH) both posted respective gains of around 4% and 7% over the last 24 hours.
On the other hand, Solana has only added about 1.7% to its value overnight. In the last hour, SOL has fallen 0.4% to $183 and is currently getting outpaced by virtually all the leading meme coins on Solana.
In the top spot, DogWifHat (WIF) is up 15% overnight to change hands at $4.09.
The other leading Solana meme coins posted intraday gains of around 5%, including Bonk (BONK), BOOK OF MEME (MEME), and Jeo Boden (BODEN).

Among the ten largest Solana meme coins by market capitalization, the biggest grower was Popcat’s POPCAT token, which ballooned 36% to trade at $0.3245 at the time of writing. 
This makes the Solana meme coin category one of the most successful classes of cryptocurrency today. More established/larger market cap projects like Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI (FLOKI) and PEPE (PEPE) all posted more sober overnight gains of around 10% or lower.
Over on SOL’s trading chart, the candles indicate fairly typical price movements for any cryptocurrency in the last three months. Prices climbed sharp and volatile in the first half of March and crossed the $200 threshold both in the middle of the month and on the first of April.
Source: TradingView

Slothana is Solana’s New $SLOTH Meme

With a Solana gold rush likely imminent, keen-eyed meme coin traders are looking at the hottest new projects to support from the start.
Slothana, the new red-eyed sloth who lives on Slothana, has raised an eye-watering $10 million barely two weeks into an ongoing ICO for his new SLOTH token.
It seems investors are scrambling to try and recapture some of the early upside potentials of established Solana funny tokens like Slerfs, DogWifHat and Bonk.
Slothana’s persona is simple: he’s a lazy critter who lives and works on the blockchain.
But with his permanently hazed red eyes, he can’t hide the fact that he really doesn’t want to work; he’s eyeing the clock because he wants to go from 420 to $420 million.

Behold! 🌟 Slothana, the prophesied lord and saviour of crypto, has risen today with a divine purpose: to bestow gains and lambos upon the worthy. Rejoice as he blesses you all with his benevolence, and bask in the glory that is our Lord Slothana. 🦥💰 #CryptoSavior #Slothana pic.twitter.com/ppagkKJPkx
— Slothana (@SlothanaCoin) April 4, 2024

Word on the grapevine is Slothana is by the same team that launched Smog (SMOG), which rallied strongly after ending its presale and listing.
Details are scarce at present, but interested investors can join the presale by sending SOL to this address: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA
Buy Slothana Here
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Crypto Analyst Details ‘Contrarian’ Solana Play Amid Drop In SOL Sentiment

Closely followed crypto analyst Ali Martinez says that a contrarian play on Solana might be presenting itself for SOL bulls.
Martinez says that Solana’s consolidation from the yearly high and the recent outages on its network have created a low in sentiment for SOL.
Late last week, Solana also dealt with some congestion issues partially stemming from a rush of users looking to speculate on memecoins.
Martinez says now may be the time for a contrarian bounce from SOL.
“Crowd sentiment for SOL hasn’t been this low since the Solana network outage on February 6th. Being contrarian now might just pay off!”
Source: Ali Martinez/X
At time of writing, Solana is trading for $176.92.
Martinez also has his radar on Cardano (ADA). According to the analyst, a slowdown in ADA whale activity is currently suggesting that more consolidation or a potential correction may be on the horizon for the Ethereum (ETH) rival.
“Cardano is experiencing a lull in whale activity, signaling potential for further ADA price consolidation or an impending drop.”
Source: Ali Martinez/X
At time of writing, ADA is worth $0.584.
Looking at Bitcoin, Martinez notes that over $7.5 billion worth of BTC has left wallets linked to crypto exchanges, suggesting that investors are withdrawing their coins to hold them in cold storage.
“In the last month, almost 111,000 BTC, valued at approximately $7.55 billion, have been moved out of known crypto exchange wallets!”
Source: Ali Martinez/X
At time of writing, Bitcoin is trading at $69,793.
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The post Crypto Analyst Details ‘Contrarian’ Solana Play Amid Drop in SOL Sentiment appeared first on The Daily Hodl.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Solana memecoins outperform SOL as SLOTH ICO raises $10m

Solana meme coins have surged ahead of SOL, with the Slothana ICO swiftly gathering $10 million, signaling strong investor interest and potential for future growth.
The Solana meme coin frenzy continues, with data showing that meme coins have outperformed SOL in recent weeks. But new presale crypto Slothana looks set to go big next after raising $10 million in under two weeks.
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Memecoin demand bolsters Solana’s on-chain metrics

The Solana meme coin ecosystem has displayed unwavering resilience recently, continually outperforming SOL. This demand for memecoins has also skyrocketed the network’s on-chain metrics.
CoinGecko data shows the Solana meme coin sector’s total market cap has increased by 3.2% in the last 24 hours, while Solana’s price has decreased by 1.9%.
Adding to the excitement, new meme coins like White Coffee Cat, CatWifHat, and Silly Goose have drastically outperformed SOL today, up 153%, 96%, and 25%, respectively.
The same phenomenon is apparent over a longer time scale, with the market-leading Solana meme coin Dogwifhat decisively outpacing SOL since its December 2023 inception.
Even those who bought in since its March Binance listing would be drastically better off than SOL holders.
Similarly, Book of Meme has outperformed SOL. Its initial post-presale pump catapulted it to meme coin stardom, but after a brief pullback, the meme coin has steadily uptrended while SOL remains flat.
The Solana network’s on-chain metrics reflect this unprecedented market appetite for its meme coins. DeFiLlama data shows a drastic rise in TVL and stablecoin inflows over recent weeks.
This represents market participants moving liquidity on-chain to interact with Solana ecosystem meme coins.
Prominent analyst Ash Crypto attributes Solana’s meme coin success to a more robust user experience than other networks like Ethereum. Mainly, this comes down to lower fees.
The analyst explained, “Solana meme coins made way more millionaires than Ethereum meme coins, and fees are the biggest issue.” He continued, “Some dude on Solana turned $80 to $1M, while to do a single swap on ETH, it costs $80, and if the transaction fails, you still pay the fee. This is the simple reason why retail is going heavy on Solana.”
Indeed, this sets a bullish precedent for new Solana meme coins, the most promising being Slothana. The project is currently undergoing a presale and has raised over $10 million in two weeks.
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Trending Solana memecoin Slothana raises $10m in 2 weeks 

New Solana meme coin Slothana has raised a whopping $10 million in its first two weeks, outpacing other giants like Book of Meme and Slerf.
In the aftermath of Book of Meme and Slerf’s presales, both projects achieved monumental success, with BOME becoming the fastest-ever meme coin to a $1 billion market cap and SLERF overtaking Ethereum in on-chain trading volume.
This presents a tremendously bullish outlook for the lazy sloth-themed meme coin. However, another exciting factor is rumors that the Smog team is behind Slothana.
Smog is another Solana-based meme coin that launched in February and soared over 100x to a $200 million market cap within weeks. Quick-footed degens quickly spotted a connection between the projects, with Smog commenting on Slothana’s first-ever X post when it had less than 50 followers.
It’s also worth noting that the Wall Street Memes X commented on the post. Wall Street Memes boasts over one million followers and launched a presale last year, which raised $30 million.
These factors have caused a ruckus among analysts, with prominent YouTube account 99Bitcoins recently telling its 700K subscribers that Slothana holds 100x potential.
However, urgency is kicking in for investors. The presale has already raised over $10 million, so it is seemingly advancing to its later stages. 
To learn more about Slothana, visit the Slothana presale.
Read more:
Dogwifhat, Bonk see gains; Slothana poised to be major Solana memecoin

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Bitcoin nears all-time high as daily trading volume rises 70%

After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows. 
Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin Cash (BCH), a fork of the Bitcoin network. The token’s latest halving saw its value surge by 10%, as BCH increased nearly 60% in March. 
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Traders and analysts expect a similar impact on BTC after its upcoming halving. Industry experts like SkyBridge Capital’s Anthony Scaramucci recently predicted BTC would reach $170,000 in the post-halving bullish cycle.

Bitcoin’s daily trading volume is also up by 70% today. The largest cryptocurrency reached its previous all-time high a month ago, hitting $73,737. If the market sentiment prevails, BTC can create a new peak this month. 
Read more:
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