The first SOL ETF was launched in July, followed by Bitwise’s SOL ETF in October, which recorded $57 million in first-day trading volume.
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- Altcoin Watch
SOL demand cools as its total value locked drops by $10 billion and memecoin trading slumps. Traders’ lack of appetite for long leverage could further complicate the situation.
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The network’s reserve will consist of purchases of the network’s native PYTH token, utilizing approximately 33% of the protocol’s revenue through the DAO.
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Crypto investor demand for memecoins remains at lows not seen since 2024, despite a growing speculative appetite that has boosted TradFi leveraged ETFs to a record $239 billion.
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Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.
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The largest corporate Ether holder continues to buy the dip, as the industry’s most profitable traders continue to bet millions on ETH’s short-term decline.
5533 - Market Analysis
Ether price surged to $3,000 on Tuesday, but lagged behind the US stock market rally as muted demand for ETH derivatives and growth in competing blockchains kept traders skeptical.
3760 - Market Analysis
A similar setup in 2023 preceded a 340% Bitcoin rally, reinforcing the argument that BTC is undervalued at current prices.
3011 - Altcoin Watch
Ether price held $2,800 support amid ETF inflows and undervalued signals, but $3,000 resistance and Bank of Japan rate hike fears stopped the recovery.
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Despite the market downturn and some OG investors selling, the biggest Ether whales continue their steady accumulation, while Ether ETF buyer sentiment continues to improve.
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The crypto industry rushed to the aid of Hong Kong residents who suffered the city’s most devastating fire in 80 years, claiming the lives of at least 128 people.
4286 - Altcoin Watch
Solana struggles with recovery due to weakening network activity, a declining TVL and negative ETF flows, as a classic chart pattern targets $100.
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The fund, which could be listed on NYSE Arca, would be the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers.
5491 - Altcoin Watch
SOL price rallied to $140, but weak derivatives market metrics and stagnant network fees showed limited investor confidence. Is a retest of the $160 possible?
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Crypto investment products neared $5 billion in outflows in the last four weeks, but late-week inflows show early signs of improving sentiment despite heavy selling, CoinShares said.
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