Ethereum

Rally

Solana

<p>The post <a href="https://coinpedia.org/news/solana-sol-price-poised-for-massive-rally-following-ethereum-etf-launch/" rel="noopener noreferrer nofollow">Solana (SOL) Price Poised for Massive Rally Following Ethereum ETF Launch</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>After years of waiting, the crypto community will celebrate the listing and trading several spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States from today. Experts believe billions of dollars will proliferate the Ethereum ecosystem in the coming years.&nbsp;</p>
<p>Moreover, institutional investors will seek to diversify their crypto portfolios to maximize profits legally.</p>
<h2 class="wp-block-heading" id="h-ethereum-whales-on-the-move">Ethereum Whales on the Move</h2>
<p>The highly anticipated listing and trading of spot Ether ETFs has triggered heightened on-chain activity for crypto whale investors. For instance, a dormant whale account with about 977 Ether was <a href="https://x.com/whale_alert/status/1815427035868631200?s=46" rel="noopener noreferrer nofollow">activated</a> in the past 24 hours after nine years.&nbsp;</p>
<p>The Grayscale team also <a href="https://x.com/ericbalchunas/status/1815508094564049162?s=46" rel="noopener noreferrer nofollow">seeded</a> its new Mini ETH ETF with $1 billion after the U.S. SEC gave it the green light.&nbsp;</p>
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   <p lang="en" dir="ltr">In the 9 days ahead of tomorrow's <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETF launch, two giant whales deposited 25,865 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($89M) to CEX!<br><br>1️⃣ Whale 0xbec moved 11,965 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> at ~$3,457 ($41.4M) in the past 5 days.<br><br>• Last action: 12hrs ago<br>• Holding: 51,462 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> (~$180M)<br>• Est. profit: $29.9M… <a href="https://t.co/q4Cs8LhkX6" rel="noopener noreferrer nofollow">pic.twitter.com/q4Cs8LhkX6</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1815268661223199077?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<p>Meanwhile, on-chain data analytics firm Spotonchain identified two whales that deposited nearly 26k Ether, worth about $89 million, on different crypto exchanges.</p>
<h2 class="wp-block-heading" id="h-why-bet-on-solana">Why Bet on Solana?</h2>
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   <p lang="en" dir="ltr">Ethereum ETF launch tomorrow is going to PUMP some coins.<br><br>This is what I'll be watching closely:…</p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1815424048605934050?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<p>According to veteran Bitcoin trader Kyle Chassé, the launch of spot Ether ETFs is a major bullish event for the entire altcoin industry. Moreover, Ethereum’s validation in the United States will pave the way for similar altcoin products in the coming years.</p>
<p>As Coinpedia reported, VanEck has already filed with the US SEC to offer a spot for Solana ETF. Consequently, Chassé remains confident that Solana will soon lead the highly anticipated altseason, fueled by a vibrant web3 ecosystem.</p>
<p>Solana’s price against the US dollar has pumped more than 23 percent in the last two weeks to hover around $174 on Tuesday during the early European session.</p>
<p>From a technical standpoint, the SOL price has already broken out of a micro-falling trend, and the aim is to retest its all-time high soon.</p>

Solana (SOL) Price Poised for Massive Rally Following Ethereum ETF Launch

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