Solana's price recently dropped from $110 to $102 but has since stabilized around $105, supported by strong buying from high net worth investors and whales. A notable whale returned after eight months, purchasing $8 million worth of SOL, signaling renewed confidence. Despite a 64% drop in altcoin trading volume, technical indicators suggest bullish momentum could continue if buying persists. If futures market activity picks up, Solana may retest the $110 level; otherwise, sideways trading may continue.
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
Solana's open interest on Hyperliquid's SOL-USD perpetual contract surged to $638.1 million following a 44.9% price rebound from $75.34 on August 14 to $109.18 by August 27. This rise reflects strong leveraged trading activity, with whale wallets sho...
Bitwise's Solana Staking ETF reached $1 billion in assets under management, driven by its 5.8% annual yield from staking. In contrast, XRP ETFs have yet to hit the billion-dollar mark due to the XRP Ledger's lack of native staking and yield generatio...
Solana (SOL) is showing early signs of a trend reversal after reclaiming the $100 level, with weekly momentum and cycle analysis suggesting a move out of a prolonged bottoming phase. Technical charts indicate that if SOL sustains higher highs and hig...
After nine days of inflows totaling $3.04 billion, U.S. Spot Bitcoin ETFs recorded $201.81 million in outflows on August 28 as Bitcoin's price fell from $80K to around $78,275. Meanwhile, altcoin ETFs like Ethereum, XRP, and Solana continued to attra...
