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Cryptocurrency News Articles

The layer 1 blockchain space is back in the spotlight as Solana (SOL), trading at $146, sees a surge in whale accumulation

May 09, 2025 at 09:00 am

Dragoin ($DDGN) has surpassed $166,000 in its presale, offering early buyers a token priced at $0.0000335 with a projected 6,700% ROI at launch

The layer 1 blockchain space is back in the spotlight as Solana (SOL), trading at $146, sees a surge in whale accumulation

The layer 1 blockchain space is again in the spotlight as Solana (SOL) trades at $146 with signs of a major breakout, while Litecoin (LTC) anticipates a potentially market-shifting ETF decision.

Solana: Breakout Zone at $160-$185 as Whales Accumulate

Solana appears to be stabilizing above $146, displaying key technical resistance at the $150 zone. A breakout above this point could propel the cryptocurrency toward $160 or even $185, according to analysts. Bullish sentiment is fueled by rising global liquidity, futures market interest, and major whale activity.

One notable event saw NASDAQ-listed Upexi Inc. purchasing 15,733 SOL tokens for $100 million, highlighting institutional confidence in Solana. On-chain data also revealed another whale staking 194,000 SOL, valued at approximately $28.7 million.

These actions indicate that high-volume players are taking long-term positions on Solana’s viability. This is further supported by recent network security patches and a partnership with BitGo, which contribute to a more positive outlook for Solana.

Litecoin: ETF Verdict Could Push Price to $255

Litecoin is trading at $88.75 ahead of a key decision by the SEC on Canary Capital’s proposed spot Litecoin ETF. The ruling is expected soon and could have a significant impact. Analysts have set bullish price targets as high as $255, with some making bold predictions of $1,458 if the ETF is approved.

If the ETF is approved, it would likely invite a wave of institutional interest in LTC, similar to what occurred with Bitcoin. However, if the regulator delays the decision again, it could keep LTC traders in a holding pattern.

Litecoin’s trading volume surged 31% to $365.36 million in the past 24 hours, indicating that investors are positioning for volatility. While the altcoin has a long history in the crypto market and maintains a $6.7 billion market cap, its ability to reclaim higher valuations may now rest on the SEC’s response.

One popular analyst views Litecoin as a leading candidate for ETF approval but notes that a delay remains a strong possibility.

Dragoin Surpasses $166,000 in Presale with 6,700% ROI on Launch Price

While Solana and Litecoin benefit from institutional momentum, Dragoin is gaining traction for fundamentally different reasons. Already over $166,000 has been raised in stage 2 of its presale.

Dragoin tokens are priced at just $0.0000335. Its launch price is set at $0.02, offering a potential 6,700 percent ROI for early buyers. This positions it among the most compelling value entries in the current market.

What sets Dragoin apart is its infrastructure-first approach. A functional beta version of its game is already live and integrated directly within Telegram. Users can participate in the game and earn Dragoin tokens by completing challenges, climbing leaderboards, and engaging in community competitions. This immediate utility creates natural token demand and helps sustain long-term platform activity.

Security and transparency are also central to Dragoin’s design. All smart contracts are undergoing audits, and the team will renounce contract ownership after launch, placing full control in the hands of the community. This enhances decentralization and investor trust.

Dragoin’s tokenomics are structured for long-term growth. Fifty percent is allocated to the presale, thirty percent to ecosystem incentives, fifteen percent to liquidity, and five percent to the team. These allocations support sustainable expansion, community rewards, and platform development.

Combined, these fundamentals position Dragoin as a serious option for long-term crypto investors.

Solana is displaying strength with whale-backed price activity and institutional credibility, while Litecoin’s short-term future depends on the outcome of its ETF proposal. Both remain relevant layer 1 contenders.

Dragoin, however, is taking a unique path—blending meme coin appeal with secure development, a live gaming platform, and clear presale incentives. With a 6,700% ROI window and a transparent roadmap, Dragoin stands out as one of the most promising early-stage crypto investments in today’s market.

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Other articles published on May 09, 2025