K-line

Analysis: On-chain activities and K-line suggest that SOL may break through 300 dollars

ChainCatcher news, according to Cointelegraph, the price of SOL surged 86% from April 7 to May 26, following the overall rise of the altcoin market, while Bitcoin reached a historic high of over $111,000.The TVL of the Solana network grew by more than 54% from a multi-month low of $6.12 billion on April 7, reaching $9.44 billion on May 26, with an increase of nearly 20% in the past 30 days. According to DefiLlama data, the growth in TVL was mainly driven by Raydium, which increased by 52% in a month. Other major decentralized applications such as Jupiter DEX, Jito liquid staking, and Kamino lending grew by 12%, 25%, and 11%, respectively. Although the Solana token ranks fifth by market capitalization, its network TVL ranks second among top Layer-1 blockchains, only behind Ethereum.Since January, the price trend of SOL has been showing a V-shaped pattern on the weekly chart, which refers to a bullish pattern formed when the asset price experiences a significant drop followed by a substantial rise. The V-shaped recovery is completed when the price rises to the resistance level at the top of the V-shaped pattern (also known as the neckline). SOL appears to be in a similar trend, with the current trading price below the supply and demand range between $180 and $200. Breaking through this range will increase the likelihood of the price rising to the $252 neckline and completing the V-shaped pattern.In addition, the next target will be to break through the historical high of $295, which is a 66% increase from the current price.

WEEX K-line anomaly handling follow-up: full compensation plus an additional 1 million WXT and 1 million USDT experience airdrop

ChainCatcher message, WEEX exchange announcement, from March 5, 00:00---01:08 (UTC+8) the ETH/USDT trading pair experienced abnormal K-line and execution delays. The reason is that some nodes of the trading server were deployed with a large number of trading pairs, and during the settlement of funding fees, nodes needed to process the funding fee calculations for all trading pairs simultaneously within 1 second, leading to a sudden increase in memory usage, which caused the anomalies.After the incident, WEEX immediately optimized the funding fee settlement logic, implemented staggered processing for settlements, and expanded and sharded the nodes to distribute the load of trading pairs across multiple nodes, while also conducting a thorough inspection of similar weak points.Following this failure, WEEX completed problem identification within 15 minutes, repairs within 25 minutes, and issued an announcement within 45 minutes, committing to a 100% full compensation, and initially allocated 10 million USDT for compensation. In addition to full compensation, WEEX will also distribute a total of 1 million WXT and 1 million USDT experience funds to affected users and new registered trading users before March 8, 23:59 (UTC+8).Furthermore, WEEX has launched the "ETH 8U Purchase" event with a total prize pool of 88 ETH. New users who recharge ≥ 8 U before March 9, 23:59 (UTC+8), and old users who had trading records from March 4 to 5 and whose daily contract trading volume is ≥ 5,000 USDT during the "ETH 8U Purchase" event can randomly share 11 ETH daily.
ChainCatcher Building the Web3 world with innovators