A Solana-based Telegram bot called Solareum has decided to permanently shut down due to a lack of funds and a significant security breach. The developers of the Telegram Solareum support channel expressed regret as they announced the closure of the project. They cited insufficient funds, evolving market trends, and a recent security breach as the reasons behind their decision. Despite efforts to secure additional funding and enhance security measures, the community acknowledged that they could no longer guarantee user safety due to financial constraints.

In a final message to its users, the community thanked them for their contributions to Solareum and expressed shared disappointment as they navigated through this challenging period.

Solana (SOL) Price Overview

The price of Solana (SOL) has dropped by over 9.29% in the past 24 hours and was trading at $178.44 at the time of writing. Over the past 52 weeks, the price of SOL hit a peak of $209.70, with an all-time high of $260.06. CoinMarketCap ranks Solana as the 5th largest cryptocurrency by market capitalization and the 6th highest in terms of intraday trading volume. Within the past year, SOL's trading price has increased by 747.11%.

Top Telegram Bot Tokens

The total market capitalization of telegram bot tokens stands at $1,273,206,242, with an intraday trading volume of $95,197,552. Banana Gun (BANANA) is currently the most valuable bot token, trading at $41.08. Other popular tokens include UniBot (UNIBOT), Prophet (PROPHET), AimBOT AI (AIMBOT), DEVAI (0XDEV), Chatter Shield (SHIELD), and Node AI (GPU). PAAL AI (PAAL) holds a market capitalization of $455.16 million, while Node AI (GPU) has the second-highest market cap.

Other News

Recent reports from TD Cowen banks suggest that efforts to pass anti-central bank digital currency legislation by the House of Republicans could impact bipartisan party support for stablecoin bills. The Central Bank Digital Currency Anti-Surveillance State Act, proposed by House Majority Tom Emmer in 2023, aims to prevent the Federal Reserve from issuing CBDC directly to individuals.

Crypto Market Overview

The entire cryptocurrency market capitalization has decreased by 6.62%, amounting to $2.46 trillion at the time of writing. Bitcoin experienced a 6.06% decrease in its price within the past 24 hours. In terms of intraday trading, Conflux (CFX), Axelar (AXL), Aptos (APT), Bitcoin SV (BSV), Ondo (ONDO), Pendle (PENDLE), and Pyth Network (PYTH) were among the top losers, while Core (CORE) and Bittensor (TAO) stood out as the biggest gainers.

Disclaimer

The opinions and views expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice.