MoonPay Adds Solana Staking as $PENGU Hits ATH — Snorter Token Next?
The post MoonPay Adds Solana Staking as $PENGU Hits ATH — Snorter Token Next? appeared on BitcoinEthereumNews.com.
MoonPay adds $SOL staking with 8.49% yield. In the meantime, Solana-based $PENGU hit a new ATH. Could $SNORT be the next Solana meme star to pump? MoonPay unveils a new liquid staking service on Solana, catering to yield-seeking investors and delivering a simple, app-based experience. On the less mainstream side, the Pudgy Penguins token, $PENGU, exemplifies the high-flying, speculative sector of the crypto market after hitting a new all-time high of $0.046. Will Snorter Token ($SNORT), another Solana newcomer, imitate $PENGU’s 300% monthly increase? Time for a closer look. MoonPay’s Liquid $SOL Staking: A Savings‑Like Yield Option Fintech firm MoonPay launched a liquid staking service for Solana, offering an attractive 8.49% annual yield. With staking possible from just $1, participants receive mpSOL tokens, which generate rewards every two days. Crucially, these tokens can be unstaked anytime with no lock-up period. MoonPay’s staking now reaches users worldwide, except in New York and the EEA. Especially interesting is the format – MoonPay intentionally aims to replicate the simplicity of a savings account by routing crypto rewards through a user-friendly interface, made for both novice and institutional investors. The timing aligns with a broader yield boom on Solana. In April 2025, the total value staked briefly surpassed Ethereum’s ($53.9B vs $53.7B), and Solana currently offers roughly 8.3% staking yield, compared to Ethereum’s 3.2%. Those returns are driving more than MoonPay’s new staking feature. The first Solana staking ETF drew $100M in assets in just 12 days when it launched at the beginning of July. And institutional players like DeFi Development Corp and Upexi have reinforced this trend by acquiring hundreds of millions worth of $SOL in yet another variation of the increasingly popular crypto treasury strategy. Traditional investors have more crypto options than ever, with MoonPay being the latest. $PENGU Token Rockets to…
Filed under: News - @ July 25, 2025 7:32 am