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Grayscale Files for Solana ETF Bloomberg Analyst Explains Approval Chances and Possible Date! After the Spot Bitcoin and Ethereum ETF approvals, giant companies also applied for ETFs for XRP and Solana (SOL), and another giant name was added to this. Accordingly, the world’s largest digital asset company, Grayscale, has applied for a spot Solana ETF. While it was stated that Solana, XRP and other altcoin ETFs have a higher chance of being approved under the Trump administration, Bloomberg ETF analyst James Seyyfart made a new post about Solana ETFs. James Seyffart, who believes the spot Solana ETF will be approved under Trump’s new SEC administration, said it’s “just a matter of when, not if” for the SOL ETF to launch. With the appointment of a new SEC chairman, it is only a matter of when for spot Solana ETFs to launch, the Bloomberg analyst said. Seyffart cautioned, however, that this does not mean approval for SOL ETFs is imminent. The analyst believes the Solana ETFs will be approved, but he is not sure about the timeline, as Seyffart said he thinks the SOL ETFs could get approval in August 2025 or the process could extend into 2026. Solana price is up 4.6% in the last 24 hours and is trading at $237. #SOLANA #ETF #SOL #BNBHitsATH #Share1BNBDaily $SOL $BNB
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Whales are accumulating Solana (SOL) and Pepe (PEPE), what may be the reason? On-chain data shows whales are buying up Solana (SOL), an asset with multiple potential use cases. As the altcoin season intensifies, SOL may become key to additional growth. On-chain data shows whales are back to accumulating Solana (SOL) in self-custodial wallets. SOL has stabilized around $236.39, with no signs of immediately chasing a new all-time high. Demand for SOL is coming from the decentralized ecosystem, liquid staking projects, and from the potential to adopt SOL after Grayscale filed to transform its Solana investment product into an ETF. SOL remains one of the key blue chip tokens, a potential entry into multiple trades. Meme tokens are still going strong on Solana, with both Pump.fun activity and secondary trading still attracting liquidity. Solana ecosystem activity has also achieved more reliable transactions, with up to 63% of all transfers passing, and a failure rate of only 36%. Failed transactions have reached close to 70% in the past, limiting the potential for DeFi usage. The Solana ecosystem gained attention once again after the listing of Moodeng (MOODENG), the first Pump.fun token to enter Coinbase. Solana’s activity may extend the meme token market. SOL is yet undecided on its narrative, whether it would perform along with the meme space, or follow the lead of ‘dinosaur altcoins’ recently breaking to new record prices. Four whales withdrew SOL from Binance A total of four whale transactions were noticed in the past 24 hours, withdrawing 185,510 SOL from Binance. The funds, valued at $42.46M, were sent to four large-scale whale wallets. Some of the whale activity on Solana is considered a sign of smart money moving in, buying the dip and riding the recent trends. Two of the addresses were simple holders of SOL. The first wallet was a frequent trader, moving coins to the centralized exchange in the past for realizing profits. #PEPE #SolanaMemeCoin #Solana #Altcoins #CryptoNews
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Whales are accumulating Solana (SOL) and Pepe (PEPE), what may be the reason?
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New ATHs for BNB and TRX as BTC Returns to $97K (Market Watch)
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Shiba Inu Price Set For Breakout, What Are the Next Key Levels Shiba Inu investors are still anticipating a massive breakout despite the token’s steep decline over the last 24 hours. According to market experts, Shiba Inu’s price could recover once the selling pressure from short holders cools down. Meanwhile, Lunex Network is also gaining momentum during Q4’s altseason after rallying 200% from its initial price. Since LNEX holders are expected to reap an 2000% ROI by early 2025, savvy traders are rushing to add Lunex Network to their portfolios before the limited supply runs out. Shiba Inu (SHIB) Rejects a Critical Resistance LevelShiba Inu investors might be booking profits after the asset’s recent rally towards a yearly high. Shiba Inu’s price breached the $0.00003 level on December 1 before facing a steep consolidation which resulted in a significant 8.67% decline. Despite this bearish outlook, analysts believe Shiba Inu could experience a bigger breakout before the end of Q4 if the platform’s network activity remains high. Shiba Inu whales recently accumulated tokens worth more than $9.8 million which typically suggests high investor confidence. Since Shiba Inu’s L2 Shibarium network also reached a new record of 541 million transactions, Shiba Inu could test the critical $0.00003 resistance again. If Shiba Inu successfully breaks above this resistance, the next key levels for the token are $0.000031040 and $0.000034024. Lunex Network (LNEX) Gains Momentum During Altseason Hype Aside from Shiba Inu, another token that is poised for a massive breakout is Lunex Network (LNEX). Although Lunex Network is a newcomer in the DeFi space, the platform has already proven its groundbreaking potential by bringing the latest Web3 technology to the outdated world of crypto exchanges. With Lunex Network, traders can swap, trade and stake tokens across different blockchain networks on a single noncustodial platform. #shibainucoin #shiba #memecoin #cryptomarket #cryptonewstoday
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