Groundbreaking innovations like Solana’s are hard to miss. Recently Solana made headlines with record-breaking daily active addresses that had pushed hopes for a Solana price rally soon. However, the specter of FTX recently unstaking $23.7M in SOL has raised uncertainty over this bullish narrative.
This uncertainty has left investors diversifying with a new altcoin, Rollblock. This GambleFi ingenuity and its vision to level the playing field within the iGaming industry have ignited a bull frenzy. In fact, savvy investors who went in earlier are celebrating a 160% gain in their foresight.
Solana recorded new high for daily users, but FTX unstake casts a shadow on Solana price.
Solana’s on-chain metrics are painting a bullish picture, with the network’s daily user address hitting an all-time high of 5.4 million. This monumental achievement came at a time when SOL investors and enthusiasts expected a change in its dwindling fortune.
The surge in daily user addresses, up from 1.05 million earlier this year, and a 41% spike in transaction volume, indicates the growing adoption and interest in Solana and its novel scalable Proof of History smart contract-compatible network. Solana has come a long way from its post-FTX fall of $8. SOL did the unexpected and rose to a yearly high of $206, just $10 away from its ATH.
But the ghost of the past still haunts the Solana price. A wallet belonging to the defunct FTX and Alameda unstaked $23.75M worth of Solana. The market and SOL price has yet to react strongly but there are concerns about the potential impact of FTX’s influence and over $1B holdings on Solana price. Currently, Solana price is still hovering below the $140 mark after dropping 3.2% MoM.
Rollblock: The new king of online gambling? ICO raises million as investors bet on new altcoin
Despite its multi-billion worth, the online gambling’s half-trillion Dollar industry has been largely overlooked when it comes to groundbreaking technology that could disrupt centralized control. Even with technological advancements, gambling houses have historically stacked the deck against punters through odds manipulation, insecurity, opaque operations, and subpar gaming systems.
But Rollblock is cutting all these out with its new GambleFi protocol—the first truly decentralized, cutting-edge Ethereum-based casino. Even more impressive is the no-KYC onboarding process that offers an inclusive community for geographically restricted players to enjoy over 7,000 immersive gaming titles—from classic blackjack and slots to innovative Web3 and P2E games.
While Solana’s price faces volatility and potential drop amid the FTX unstaking, investors are already hedging their bet with this new altcoin’s revenue share program. This allows token holders to get a cut of weekly revenue doing nothing. Its income-generating token utility also extends to staking, cashback, and hold-to-earn opportunities.
What struck a chord with investors is the limited supply and deflationary tokenomics to keep volatility in check. The value-driven utility this new altcoin provides has pushed demand through the roof. No wonder investors are rushing to snap up their shares. With over 12,500 backers, $3.5 million invested, and a price still at an attractive $0.026, even experts are predicting a 100x growth upon exchange listing.
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