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After Exploit, Solana-based Telegram Bot Solareum Decides to Shut


Telegram and a few other platforms debuted in the past few months and partnered with several crypto-based companies. Some firms that debuted in the sectors have already filed their exit, and others are functioning smoothly. 



Solareum, a Solana-based Telegram bot, has planned to permanently shut down its operations after the scarcity of funds. However, it lost massive funds in a security breach.



The Telegram Solareum support channel developers said, “ It is with a profound sense of regret that we announce the closure of the Solareum project.” They add, “Unfortunately, due to a combination of insufficient funds, evolving market trends, and a recent security breach to our systems.” 



“concerted efforts to secure additional funding, adapt to market changes, and fortify our security measures,” it can no longer “assure the safety of our users due to the lack of funds,” the community wrote.



At the end of the message, the community greeted its users by saying, “Thank you for being an integral part of Solareum. Your contributions have been invaluable, and we share your disappointment as we navigate through this difficult chapter.”  



Solana (SOL) Price Overview 



Solana (SOL) slipped more than 9.29% in the past 24 hours. At the time of writing, it was trading at $178.44. In the past 52 weeks, the SOL price reached its highest at $209.70. However, its all-time high is $260.06. 



As per CoinMarketCap, Solana has the 5th most prominent market capitalization and 6th highest intraday trading volume. It is crucial to note that in the past 52 weeks, the trading price of SOL grew 747.11%. 



Some Top Telegram Bot Tokens



The entire market capitalization of telegram bot tokens is $1,273,206,242, and the intraday trading volume is $95,197,552. Banana Gun (BANANA) is the most valuable bot token, trading at $41.08. 



UniBot (UNIBOT), Prophet (PROPHET), AimBOT AI (AIMBOT), DEVAI (0XDEV), Chatter Shield (SHIELD), and Node AI (GPU) are some of the most popular tokens. PAAL AI (PAAL) has a market capitalization of $455.16 Million, and Node AI (GPU) has the second-highest market cap. 



Other News



Most recently, TD Cowen banks noted that the efforts made by the House of Republicans to pass an anti-central bank digital currency might disrupt the support of the bipartisan party for stablecoin bills.   



The Central Bank Digital Currency Anti-Surveillance State Act, introduced by House Majority Tom Emmer in 2023, would block the Federal Reserve from issuing CBDC directly to the individual. 



Crypto Market Overview 



A solid bearish momentum has pushed back the cryptocurrency market capitalization by 6.62%, and when writing, it was $2.46 Trillion. Bitcoin, the leader of the entire market, fell barehandly and lost 6.06% of its price in the past 24 hours. 



The intraday loser list is led by Conflux (CFX), Axelar (AXL), Aptos (APT), Bitcoin SV (BSV), Ondo (ONDO), Pendle (PENDLE) and Pyth Network (PYTH). Core (CORE) and Bittensor (TAO) remain the topper of the intraday gainer list. 



Disclaimer



The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew Smith Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.

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