The supply of non-USDC/USDT stablecoins on the Solana blockchain has reached a record high of $4.81 billion, mainly due to increased use of USD1 and USDG stablecoins linked to World Liberty Financial and Global Dollar. This marks a diversification in Solana's stablecoin market, previously dominated by USDC and USDT, indicating growing interest in alternative stablecoins among retail and institutional investors. Market watchers will monitor if this trend continues, as it could impact Solana's liquidity and price dynamics, especially with a $90 price target for July. Regulatory and institutional developments may also influence future stablecoin adoption on Solana.
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
Wintermute, a market maker, has taken a heavily short-biased position on the Hyperliquid trading platform, holding about $93 million in short positions versus $5.12 million in longs. The largest short is on Ether (ETH) valued at $47.19 million, with ...
Wintermute currently holds $126.25 million in short positions on the Hyperliquid platform, with the largest being a $46.92 million short on Ether (ETH). Other significant shorts include $11.30 million in Solana (SOL) and $10.03 million in HYPE tokens...
Wintermute currently holds about $126 million in short positions on the Hyperliquid platform, including $46.92 million in Ether (ETH), $11.3 million in Solana (SOL), and $10.03 million in HYPE tokens. As of September 28, the wallet shows nearly $963,...
Solana (SOL) is trading at $121.69, slightly up by 0.23%, after reaching an intraday high of $124.95. The price rally gained momentum after breaking above $94.85 earlier in September, supported by strong technical indicators like RSI near overbought ...
