SOL slides, but institutions accumulate.
Market Overview
Crypto remains on edge after Bitcoin slipped below $90K (again), turning last month into BTC’s second-worst November since 2019 due to its -17% slide.
https://twitter.com/coinbureau/status/1995002330023170295
Bitcoin slid to $86,800 after China doubled down on its crypto ban, with altcoins getting the sharp end of the stick.
https://twitter.com/Cointelegraph/status/1995259836422832515
The result? Massive liquidations, with more than $900 million wiped away from traders due to thin liquidity.
https://twitter.com/KobeissiLetter/status/1995517305657467040
https://twitter.com/KobeissiLetter/status/1995300000197169520
Solana’s top ecosystem tokens are a mixed bag, with Basic Attention Token (BAT) enjoying an 18% weekly gain. Overall, the sector’s market cap took a 5% haircut to $174 billion while trading volume slumped 8% to $14.5 billion.
Source: CoinMarketCap
Solana is planting its roots in the growing prediction markets while SOL holds on to its institutional appeal.
- Vanguard is finally letting clients trade funds with Solana exposure, marking a major shift for a firm that previously rejected crypto products.
https://twitter.com/WuBlockchain/status/1995610827458838961
- Cantor Fitzgerald’s latest SEC filing shows its first stake in a regulated Solana ETF, signaling growing Wall Street participation in SOL exposure. The firm reported 58,000 shares of the SOLZ ETF.
https://twitter.com/martypartymusic/status/1995605959205683242
- Kalshi is bringing its prediction markets on-chain by launching tokenized event contracts on Solana. Users can now trade everything from elections to sports directly on the blockchain.
https://twitter.com/Kalshi/status/1995585557930672473
Solana's Performance
SOL ended the week down 6% after slumping to $128. But sentiment can flip as President Donald Trump prepares to make a major announcement at 7 p.m. UTC.
https://twitter.com/Whale___SOLL/status/1995808499591180475
Source: CoinMarketCap
Solana took a mild hit after its 22-day ETF inflow streak was broken by $TSOL’s outflows.
https://twitter.com/SolanaFloor/status/1994119908788195659
L1 Ranking Update
Solana’s total value locked (TVL) in DeFi took another knock after it fell 6% to $8.5 billion, but it still maintains its second position.
Source: DeFiLlama
DeFi
Degens were clicking those buy and sell buttons as the DEX volume rose 6%, while the 30-day cumulative figure stands at $103 billion.
Source: DeFiLlama
Biggest Winners & Losers
Top Performers
- pippin (PIPPIN): +209.59%
- c8ntinuum (CTM): +132.53%
- Wojak (WOJAK): +92.68%
- Fwog (FWOG): +44.87%
- GRIFFAIN (GRIFFAIN): +41.79%
Biggest Losers
- ORE (ORE): -61.08%
- The Official 67 Coin (67): -37.77%
- COMMON (COMMON): -28.85%
- TROLL (TROLL): -28.56%
- ZERA (ZERA): -27.85%
Source: CoinMarketCap
Latest Solana News
Hidden Fees Hit Solana Traders
A malicious Chrome extension called Crypto Copilot lets users trade Solana directly from X while it secretly adds an extra transfer to every swap. The extension siphons at least 0.0013 SOL or 0.05% per trade, quietly routing funds to the creator’s wallet.
https://twitter.com/TheHackersNews/status/1993641861022617890
Forward Industries Doubles Down on Solana
Forward Industries has hired former ParaFi executive Ryan Navi as chief investment officer to lead its Solana treasury strategy. He will drive capital markets opportunities and guide how the firm expands its staking and validator operations.
https://twitter.com/FWDind/status/1995535184695791871
CoinShares Steps Back From U.S. Spot ETF Race
CoinShares has pulled its U.S. spot ETF applications for Solana, XRP, and Litecoin as the firm exits a crowded market dominated by major TradFi players. The move marks a strategic retreat ahead of its planned Nasdaq listing.
https://twitter.com/CoinMarketCap/status/1994855161479512347
Solana Leads x402 Payments
Solana hit a record $380,000 in daily x402 payments, jumping 750% in a week and cementing itself as the top network powering real on-chain machine payments.
https://twitter.com/solana/status/1995699607666655472
What You Can Do Now
- Track ETF inflows to spot emerging catalysts for SOL.
- Review your extensions and secure your wallet against hidden skims.
- Adjust your trades to align with current volatility and muted market sentiment.
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