SOL Token Drops 9.66% Amid $327M Liquidation Wave and $320M Short Position Surge
Solana (SOLUSDT) experienced a sharp price decline of approximately 9.66% over the past 24 hours, with the current price at $144.94 on Binance. This drop is primarily attributed to a significant market-wide liquidation event totaling over $327 million, of which $235 million came from long positions, directly impacting SOLUSDT and other major cryptocurrencies. Additionally, reports of a large trader opening $320 million in short positions across several assets, including SOLUSDT, contributed to increased selling pressure and heightened volatility. Despite recent bullish sentiment from technical analysis and ecosystem developments—such as a $5 billion credit line for SOL accumulation and ongoing DeFi and cross-chain expansion—short-term market sentiment remains bearish, as reflected by technical indicators and the recent price action.
Solana maintains a 24-hour trading volume of over $6.1 billion and a market capitalization of approximately $76.26 billion, ranking #6 by market cap. While long-term fundamentals and ecosystem growth remain positive, the current market environment is characterized by elevated volatility and risk appetite, with the price approaching key support levels after the recent decline.
🚀💥 $SOLV EXPLOSIVE REVERSAL UNDERWAY!! 💥🚀
#SOLV just IGNITED with a monster +10% surge off the $0.0412 lows — flipping the 4H momentum like a pro and charging toward resistance with serious bullish intent! 🔥📈
Volume’s pumping, momentum is shifting, and bulls are circling that $0.047 resistance like it’s prey. One clean break and we could be launching into the next leg up! 🚀
📊 4H Swing Setup:
🔹 Entry Zone: $0.0460 – $0.0465
🎯 TP1: $0.0476
🎯 TP2: $0.0492
🛡️ Stop Loss: $0.0440
⚠️ Watch for a confirmed 4H close above $0.0472 — that’s your breakout signal. The structure favors continuation, and this could just be the beginning of the rally. 📈🔥
Stay sharp, fam — SOLV is showing strength, and the next push might be the real deal.
#MarketPullback #IsraelIranConflict #BinanceHODLerHOME #TrumpTariffs #CryptoRoundTableRemarks
⚡️Crypto News Digest: Key Updates You Need to Know
The current report features updates of Enso, SharpLink Gaming, Roam, Sonic, BNB Chain, Amazon, Solsniper, GUNZ, IOST, Succinct, Coinbase and Shopify.
$ENSO $ETH $ROAM $S $BNB $GUN $IOST $PROVE $BTC $USDC
🚨🚨 LASTEST CRYPTO ALTCOIN TA 🚨🚨
📈 #Ripple (XRP/USDT)
#XRP showed a horizontal consolidation structure between $2.20 and $2.28. However, the channel break triggered aggressive selling 💸
The structure showed a shift after multiple failed attempts to break resistance, leading to a drop down to $2.08 📉
✋ From that support, it managed a slight recovery, but without conviction
XRP needs to break above $2.18 to attract buyers. If it stays below the dynamic resistance marked by the red moving average, the bearish bias will prevail 📊
$XRP
{future}(XRPUSDT)
This week's newsletter is all about @circle:
1) Circle continues to grow market share.
2) Circle is among the best businesses in the industry, based on revenue.
3) Circle continues to diversify its revenue streams from AUM (USDC, EURC, USYC) to transaction-based business lines (CCTP, CPN).
4) Circle is seeing rapid growth, especially on @ethereum and @base.
Learn more:
Review of HYPE's Record High and Bitcoin's Turbulent Ride Amid Rising Global Strife: A Weekly Cryptocurrency Summary
The past week's geopolitical events, notably the US-China trade deal, significantly influenced the cryptocurrency market, especially Bitcoin. After the trade agreement announcement, Bitcoin's price began to rise, but it experienced a dip following geopolitical tensions in Israel and Iran. Despite this, Bitcoin's price managed to recover slightly, ending the week at around $105,000.
Meanwhile, HYPE registered an impressive 15.5% weekly surge, reaching a new all-time high above $42. Other gainers included UNI, AAVE, and BCH, while SOL, SUI, TON, SHIB, ADA, DOGE, and TRX suffered losses. In other news, Bitcoin ETFs rebounded with $1.07B in 4 days, Ethereum ETFs outperformed Bitcoin with $240M daily flow, and Mercurity Fintech plans to raise $800M for its Bitcoin treasury reserve.
Walmart and Amazon investigate stablecoins, allowing crypto for retail giants
Walmart and Amazon may provide stablecoins, reports The Wall Street Journal.
Digital tokens connected to the US Dollar might simplify transactions, save payment processing costs, and boost consumer loyalty.
After passing a replacement amendment, the US Senate will vote on the GENIUS Act early next week.
According to The Wall Street Journal, Walmart (WMT) and Amazon (AMZN) are investigating stablecoin offers to modernize payments, save expenses, and boost consumer loyalty.
Walmart and Amazon want stablecoins
Digital tokens connected to the US Dollar (USD) might boost bank cash flows and Mastercard and Visa card transactions.
Amazon and Walmart sell billions of dollars annually. Amazon's net revenue rose to $638 billion in 2024, according to Statista.
Amazon's stablecoin might handle retail purchases, which account for most of its income.
Walmart's fiscal year ending January 2025 net sales were $122 billion, up $7 billion from the year before.
Stablecoins mimic stable currencies like the US Dollar, a basket of assets, or other fiat currencies. This asset class intends to provide a digital alternative to cryptocurrencies, which are volatile and unsuitable for daily transactions.
US legislators support GENIUS Act
As the US Senate advances the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, stablecoin interest is rising significantly.
The MPs invoked cloture on a stablecoin bill replacement amendment 68–30, setting up a final vote early next week.
The bipartisan initiative, backed by Senators initiative Hagerty, Cynthia Lummis, Kirsten Gillibrand, and Tim Scott, is intended to modernize US payment rails and keep the US at the forefront of financial innovation.
After JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo disclosed early-stage negotiations regarding a cooperative stablecoin initiative few weeks ago, Walmart and Amazon expressed interest.
#MarketPullback #Stablecoins #TrumpTariffs $BTC $ETH $USDT