$XRP & $SOL Face Key Tests; HYPE ETF Launches.
While the broader market is cautious, specific altcoins are seeing notable action:
· XRP and Solana (SOL) are testing major resistance levels. XRP briefly touched $1.50 today, a price that has repeatedly rejected breakouts since February. SOL is approaching resistance near $97 . Interestingly, institutional demand remains strong, with spot XRP ETFs seeing their largest inflows since early January ($25.8 million on Monday).
· A Significant ETF Launch: 21Shares officially launched the Hyperliquid ETF (THYP) today on US exchanges. This is a passively managed spot HYPE ETF designed to track the FTSE Hyperliquid Index, with plans to stake a portion of its holdings.
· Winners and Losers: While most tokens are in the red, CRO is up 4-10% following a governance proposal to overhaul its tokenomics, replacing inflation rewards with protocol revenue-based yields. TON is also up 5-10% following the launch of its new "Acton" smart contract toolchain.