Solana

Wormhole Labs has launched Sunrise, a liquidity gateway designed to facilitate seamless transfers of external assets to the Solana network. The platform debuts with support for Monad's MON token, which begins trading tomorrow. Sunrise utilizes Wormhole's Native Token Transfers framework to provide unified liquidity across Solana-based decentralized exchanges.

Solana trades near $130 as a technical death cross between the 50-day and 200-day moving averages forms for the first time since early 2023. The cryptocurrency remains within a descending channel established in mid-September, with the $121–$123 support zone under mounting pressure. A breakdown below this level could expose SOL to declines toward $107 and potentially $95.

Forward Industries transferred 1.727 million SOL tokens valued at $219.32 million to wallet address 552ptg, marking one of the largest Solana movements this quarter. The firm maintains a total position of 6.834 million SOL acquired at an average price of $232.08, now carrying an unrealized loss of approximately 45%. Whale accumulation and a 21% increase in monthly Active Addresses to 45.8 million provide support near $130, while resistance at $170 remains a key technical level.

Solana stakeholders are reviewing proposal SIMD-0411, which would accelerate the network's inflation reduction timeline. The plan seeks to double the annual inflation decrement rate from 15% to 30%, potentially reaching the 1.5% target by early 2029 instead of 2032. If approved, the adjustment would reduce token issuance by approximately 22.3 million SOL over six years, valued at around $2.9 billion at current prices.

Solana introduced SIMD-0411, a proposal to increase the network's disinflation rate from 15% to 30% annually. The plan would reduce inflation from 4.5% to approximately 1.5% over three years, potentially removing 22.3 million SOL from the inflation schedule over six years. Community members have raised concerns about short-term impacts on DeFi yields, while supporters argue the measure could reduce selling pressure from stakers.

Exchange-traded funds tracking alternative cryptocurrencies have launched on major platforms with varied investor reception. Solana leads with over $700 million in total net assets and daily inflows exceeding $60 million on peak days, data show. XRP recorded a $240 million single-day spike on November 14, while Litecoin and Hedera show divergent early trading patterns.

Coinbase announced on November 21 the acquisition of Vector.fun's team and technology, while the Tensor Foundation retained the NFT marketplace and TNSR token. TNSR surged 11-fold from $0.0344 to $0.3650 between November 19 and November 20 before dropping 37.3% to $0.1566 within 24 hours. The price action raised questions about potential information asymmetry ahead of the announcement.

Solana network participants are reviewing a governance proposal to halve the timeline for reaching a 1.5% annual disinflation rate from six years to three. The plan would remove over 22 million SOL from projected circulation while maintaining current validator rewards. Staking yields are expected to decline from approximately 6.4% to 2.4% over the period, assuming stable participation rates.

Several Solana exchange-traded funds debuted this week from Fidelity, 21Shares, VanEck, and Canary Capital. Solana's Real World Assets total value locked reached $800 million in early November, marking a 13% monthly increase. BlackRock's BUIDL fund posted a 768% quarter-over-quarter surge during the same period.

Solana developers are advancing proposal SIMD-0411 to double the network's disinflation pace, aiming to reach the 1.5% terminal inflation rate significantly faster than originally planned. The measure would remove approximately 22 million tokens from future emissions without altering validator rewards. SOL trades at $126.83 with a market capitalization near $70.8 billion.