According to Lookonchain monitoring, the whale "H4yiPh" cancelled the pledge of 2.16 million SOL (128 million US dollars) and transferred 1.3 million SOL (77 million US dollars). Among them, 312,868 SOL (18.56 million US dollars) was deposited into Binance and Kraken. The whale still holds 863,000 SOL (51.5 million US dollars) in its wallet, and its pledge amount is 9.86 million SOL (584 million US dollars).

On November 16th, Lookonchain monitoring reported that a whale had unstaked 505,034 SOL tokens (worth approximately $31.7 million) and transferred most of them to Binance and Kraken. The whale still has 2.9 million SOL tokens staked, worth approximately $184 million.

Cathie Wood, CEO of ARK Invest, described Solana as a major infrastructure participant in the broader blockchain ecosystem, and added that it has been doing "very well" under recent market conditions. Cathie Wood said that ETH is faster and cheaper than BTC, which is why we get ETH. Solana is faster and more cost-effective than ETH.

Blockchain security firm Certik has discovered a critical vulnerability in Solana's Saga Phone, which endangers digital assets stored on the device, including sensitive cryptocurrency private keys. The vulnerability arises from the phone's security relying solely on its operating system, and the 'bootloader unlock' feature becomes a gateway for attackers to install custom firmware embedded with a root backdoor. More than 2,100 devices are potentially at risk, and the Solana Foundation has not publicly responded to these findings. This revelation significantly affects Solana's ambition of creating a crypto-centric smartphone, and the situation demands immediate attention to rectify the current vulnerability and reassess the overall security framework of the device.

According to OKX market data on November 15th, SOL rose above $60 again and is now priced at $60.71, with a 24-hour increase of 16%.

According to Coingecko data, the current market value of Solana has reached about 24.17 billion US dollars, surpassing USDC, and currently ranks sixth in the cryptocurrency market value rankings, second only to Bitcoin, Ethereum, Tether, BNB and XRP. At the time of writing this article, SOL was temporarily reported at 57.57 US dollars, with a 30-day increase of 163.1%.

On November 14th, the Solana Foundation will announce an exclusive funding program for the Chinese-speaking community at the four-day Hong Kong Hacker House. The total funding amount is one million US dollars, aimed at helping the Solana ecosystem in the Chinese-speaking community and providing flexible and comprehensive funding and resource support for developers and startups. This funding program will be open to all Solana ecosystem builders from the Chinese-speaking community, and the application channel will be announced later on Solana's Chinese-language Twitter.

On November 14th, Parcl, a real estate digital investment platform based on Solana, announced the launch of its Parcl V3 version on Solana, which features perpetual futures DEX, cross-margin accounts, unified LP, enhanced liquidity provider protection, and more.

According to Whale Alert monitoring, 199,999 SOL (worth $11,546,776) was transferred from Huobi to an unknown wallet at 20:47 Beijing time.

According to Lookonchain monitoring, in the past week, FTX cold wallet address has released 3.96 million SOL tokens (equivalent to 230 million US dollars) from pledge, and a total of 3.7 million SOL tokens (equivalent to 215 million US dollars) have been transferred out; currently, there are still 253,407 SOL tokens left (equivalent to 14.75 million US dollars).

According to Coinglass data, the current premium for grayscale FIL trust is 901.67%, and the premium for SOL trust is 869.29%.

Coinbase International Exchange and Coinbase Advanced have added support for perpetual futures contracts on Solana and Avalanche. If liquidity conditions are met, the SOL-PERP and AVAX-PERP markets will open around 4pm (UTC) on November 14, 2023.

According to Solscan data, there were 130,000 new active wallets on the Solana chain in the past 7 days.

Jupiter Exchange, an alternative asset trading platform in the Solana ecosystem, announced that it will reveal significant progress related to the first round of community airdrops and more information on other "Grow The Pie" plans during the Solana Breakpoint conference. As previously reported by BlockBeats, on November 3rd, Jupiter Exchange announced during the Solana Breakpoint conference that it will soon launch its native token, JUP, with a promise to allocate 40% for community growth and airdrops, 20% for public token sales, and 40% for team and strategic reserves. In addition, Meow, the alias co-founder of Jupiter, stated in the community that Jupiter will consult with the community in the next two weeks before determining a specific release schedule, and added that JUP will serve as a governance token. Jupiter Exchange completed a $5 million seed round of financing in May of last year, led by White Hilt Capital.

Solana ecosystem trading aggregator Jupiter announced that it will announce significant progress related to the first round of community airdrops and more information about other "Grow The Pie" plans during the Solana Breakpoint conference.

Austin Federa, the strategic director of the Solana Foundation, explained in a podcast how the builders of Solana persisted and continued to improve the project's technology during the bear market. According to him, Solana's recent performance improvements have corrected many of the issues that plagued its performance during the 2021 bull market. He pointed out: "I think you saw a lot of 'thinkinfluencers' on Twitter 18 months ago saying that Solana's architecture was fundamentally flawed to some extent and that they could never stabilize it due to the 'original sin' in the codebase - which is very similar to most of the most radical statements on Twitter (i.e. the X platform). But the fact is that this is not actually the case." (The Block)

According to Whale Alert monitoring, 999,990 SOL coins (about $57,524,610) were transferred from an unknown wallet to another unknown wallet.

According to Whale Alert monitoring, 325,222 SOL (about $18,666,993) was transferred from an unknown wallet to Binance.

Solana's native token SOL has experienced a 20% surge in the past 24 hours, extending its three-week upward trend that has wiped out its yearly losses. The token is currently trading at around $54, a level it last reached in the aftermath of Terra Luna's market collapse in May 2022. Despite concerns over FTX Group's actions, a major holder of the SOL token, SOL's price has risen following Solana's annual conference. The increase in price could benefit FTX's creditors, but it remains to be seen if SOL can maintain this level for years, as much of FTX's SOL holdings are locked up until 2027 or later.

The market shows SOL has broken through $50 and is now trading at $50.02, with a daily increase of 7.29%. The market is volatile, so please manage your risks carefully.