Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

On November 12, Solana’s (SOL) trading volume hit a four-month high of $12.60 billion amid the altcoin’s rally above $200. However, the same volume is now less than half of that, suggesting that Solana bears are ensuring that the price fails to rally toward $300.

But the question remains: Is a SOL rally no longer on the cards? This analysis examines the chances.

Solana Sees Waning Interest, Low Activity

According to Santiment, Solana’s volume is down to $5.72 billion. In the crypto market, trading volume represents the total number of coins or tokens exchanged during a specific period. This key metric offers insights into market activity and liquidity, helping traders assess the strength of price movements and overall interest in a particular asset.

From a price perspective, the increase in volume alongside a rise in a crypto’s market value is a bullish sign. 

However, in this case, the decline while the token trades at $216 suggests that Solana bears are restricting it from rousing higher. Thus, if the volume continues to decline, Solana’s price might also follow a downward trend.

Another metric that affects this is Solana’s active addresses. Active addresses measure the unique wallet addresses involved in sending or receiving funds within a specific timeframe. This metric reflects network activity and user engagement. 

A rise in active addresses often signals increased adoption and usage, which can positively influence a cryptocurrency’s price. Conversely, a decline may indicate waning interest in the network, potentially exerting downward pressure on the price.

According to Glassnode, Solana’s active addresses declined from over 20 million during the last days of October to 17.98 million. If this decrease continues, SOL might not have enough user engagement to support the uptrend.

SOL Price Prediction: Drop Below $200?

On the daily chart, Solana bears pushed the price back as soon as it hit $222.49. This pullback ensures that the altcoin’s hopes of reaching $300 have diminished. As mentioned above, the volume has decreased, which is also validated on the chart. 

If that is the case, Solana’s price could decrease toward the $190.30 level. This will happen if selling pressure increases and SOL bears continue to control the price direction.

On the other hand, an increase in volume accompanied by buying pressure could invalidate this thesis. If that happens, Solana’s price might cross above $225 into the $300 level.

Giggle Academy, an educational initiative launched by Binance founder Changpeng Zhao, was a victim of a cyberattack that compromised its official X account (formerly Twitter). This resulted in the distribution of phishing links and false information.

This incident comes as the emerging industry deals with the scourge of phishing attacks, which have led to substantial losses for users.

Giggle Academy’s Hack Reinforces Growing Phishing Attack Threats

On November 16, Zhao confirmed a breach on Giggle Academy’s X account and cautioned the community against interacting with the compromised account. The attackers falsely claimed a “new CEO” had been appointed and shared phishing links to lure victims into verifying this fabricated announcement.

Giggle Academy provides free online courses covering grades 1 to 12, focusing on core subjects and additional topics such as emotional intelligence, finance, and blockchain. Its mission centers on supporting underserved communities with accessible education.

The Giggle Academy breach underscores the growing phishing problem in the blockchain industry. This year alone, phishing-related losses have surpassed $800 million. Blockchain security firm CertiK attributes this surge to increasingly sophisticated techniques like wallet draining and address poisoning.

CertiK’s data reveals 247 phishing incidents recorded in 2024. The first quarter saw the highest number of attacks, with 82 cases, while Q2 and Q3 recorded 67 and 65 incidents, respectively. Q4 has already logged 33 cases, despite only being midway through.

Although Q1 experienced the most attacks, Q2 led in total losses, with over $433 million stolen. Losses in Q3 reached $343 million, while Q1 accounted for $67 million. Despite fewer incidents in Q4 so far, the monetary impact is on track to surpass early-year figures.

CertiK highlights a shift in phishing methods, with hackers increasingly employing advanced tools. Wallet-draining techniques, originally popularized by Ice Phishing, are becoming more potent. In such scams, users are tricked into granting token-spending permissions to malicious actors.

Modern variants combine these methods with additional draining tools, such as Angel Drainer and Pink Drainer. Angel Drainer’s recent acquisition of Inferno Drainer highlights the growing prevalence of such tools in phishing campaigns.

Another rising threat is address poisoning, where scammers create fake wallet addresses resembling legitimate ones. They then send scam tokens to victims, hoping to manipulate transaction histories. When users attempt to interact with a familiar address, they may accidentally transact with a fake one instead.