Two Solana-based meme coins, Jimothy The Raccoon (JIMOTHY) and Bullshit Coin (BULLSHIT), surged 41% and 21% respectively following a viral post by a SpaceXAI manager calling the crypto community 'insane.' The post triggered a flood of replies promoting these tokens, which lack traditional project fundamentals like roadmaps or products, making social media attention the key price driver. Jimothy, inspired by a viral Seattle raccoon, has seen previous spikes linked to social media buzz, including Elon Musk's posts. The recent gains highlight how social reach and viral moments continue to influence meme coin markets despite limited underlying value.
Betting markets on Polymarket now assign a 59% probability that Bitcoin will reach $80,000 before the end of August, up sharply as Bitcoin surged over 21% this month to around $77,000. The rally was sparked by the US Treasury doubling bond buybacks, ...
Solana's price surged over 5% to $91.28, reaching above $90 for the first time in over three months, driven by the largest net inflows into U.S. spot Solana ETFs in three weeks totaling $14.59 million. This inflow boosted market liquidity and investo...
South Korean financial firm Shinhan Asset Management has introduced a pilot tokenized fund on the Solana blockchain, denominated in Korean won and focused on ultra-short-term bonds for offshore investors. This project replicates BlackRock's successfu...
U.S. spot Solana Exchange-Traded Funds (ETFs) recorded a net inflow of $14.59 million, the largest single-day inflow in three weeks, indicating renewed institutional interest in Solana. This inflow is a significant increase compared to $8.8 million o...
Bitcoin surged close to $75,000, rising nearly 8% in 24 hours and 18% over the past week, fueled by a wave of short liquidations exceeding $4 billion in two days. This rapid price increase forced bearish traders to close positions, adding momentum to...
