$HYPE and $SOL Lead Altcoin Rally as Institutions Inject $1.9B


$SOL surged 6.1% to $155.78 while $ETH gained 3.7% to $2,611 as traders rotated from Bitcoin following its $106,000 test.


HyperLiquid's $HYPE token led mid-caps with a 9.7% surge to $44, overtaking Dogecoin to become the fifth-largest crypto by futures open interest.


Traders have placed $2.06 billion in active bets on HYPE contracts, according to CoinGlass data.


$XRP posted 4.6% gains to $2.26 while Cardano's $ADA rose 2.8% to $0.64 in the broader #altcoin rally.


Nearly $1.9 billion flowed into institutional crypto funds, marking the strongest levels since November, according to Farside Investors.


Multiple asset managers have filed updated SEC applications for spot Solana ETFs with staking capabilities, driving #regulatory momentum.


Bitcoin dominance remains at 61.4%, with analysts watching for a break below 60% to signal the beginning of a full altcoin season.

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June 16, 2025 at 11:16 PM
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