Solana

Jupiter

Jerome Powell

Grayscale Bitcoin Trust

<p>Solana and Bitcoin stand out in the crypto sphere with significant increases. The announcement of a Jupiter airdrop has propelled Solana, while BTC continues its ascent. These movements could suggest a major recovery of the crypto market.</p>
<h2 id="h-solana-displays-a-remarkable-rise">Solana displays a remarkable rise</h2>
<p><a href="https://www.cointribune.com/en/solana-crypto-whirlwind-electrifying-altcoins-wild-ride/" target="_blank" rel="noopener noreferrer nofollow">The native crypto of Solana</a>, <strong>SOL, has crossed the $100 threshold</strong>, a first since January 18. This rise, of 6.9% in one day, coincides with the <strong>increase in exchange volumes on Jupiter</strong>. It is a liquidity aggregator and decentralized exchange. The spike in interest occurs ahead of the JUP token airdrop, with nearly one million wallets eligible to claim the token as of January 31.</p>
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<p>At the time of writing, the <a href="https://www.cointribune.com/en/crypto-markets/solana-sol-en/" target="_blank" rel="noopener noreferrer nofollow">price of Solana</a> is $104.9 on the Binance exchange.</p> 
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<p>The JUP community, eager, had been waiting for the DEX to announce the airdrop date for some time. With the launch of its Jupiter Launchpad, Jupiter also plans <strong>an airdrop for the meme coin Ovols</strong>. Although the exact date of this airdrop has not been specified by the Ovols team, it suggested that it would take place this week.</p>
<p>The Solana community also witnessed the <strong>conclusion of the WEN token airdrop</strong> on Monday. With $35 million worth of tokens left on the table, the price of WEN experienced high volatility, indeed, its price fell by 23% following the conclusion of the airdrop, with the unclaimed tokens having been burned.</p>
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     <p lang="en" dir="ltr">Ok, LFG concept is still new, so there was a lot of confusion about the WEN handover, so I apologize for any panic! Fudders gimme a break, you can just ask me, i'm always here.<br><br>Handover took a while to execute (first time is always clumsy, i dunno about yours), so sorry about… <a href="https://t.co/f1meZqPx9T" rel="noopener noreferrer nofollow">https://t.co/f1meZqPx9T</a></p>— meow <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f967.png" alt="🥧" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@weremeow) <a href="https://twitter.com/weremeow/status/1752141259001786545?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
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 <figcaption class="wp-element-caption"><em><a href="https://twitter.com/weremeow/status/1752141259001786545" target="_blank" rel="noopener noreferrer nofollow">source: X</a></em>
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<h2 id="bitcoin-in-good-shape">Bitcoin in good shape</h2>
<p>Alongside the excitement around Solana, <a href="https://www.cointribune.com/en/the-bitcoin-momentum-towards-new-horizons-or-just-a-rebound/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin continues to assert itself</a> with a <strong>rise of 3%</strong> as the Fed’s interest rate announcement approaches. Although modest compared to the Solana explosion, it confirms its position as a flagship crypto.</p>
<p>Investors are hoping that the Fed will keep interest rates unchanged. However, comments from Jerome Powell could hint at <strong>a rate drop later in the year.</strong></p>
<p>Last week, BTC faced challenges, notably due to the actions of the <a href="https://www.cointribune.com/en/blackrock-and-bitcoin-etfs-absorb-massive-outflows-from-grayscale/" target="_blank" rel="noopener noreferrer nofollow">Grayscale Bitcoin Trust (GBTC)</a>. This sale of shares by investors led to the issuer selling large quantities of BTC, thereby exerting <strong>a downward pressure on the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a>.</strong></p>
<p>The enthusiasm generated by the Jupiter airdrop, the rise of Solana, and the stability displayed by Bitcoin could suggest <strong>a major recovery for the entire crypto markets</strong>.</p>

Crypto: Solana explodes by 6.9% ahead of the Jupiter Airdrop!

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