Trump Media has joined forces with popular crypto exchange Crypto.com to launch new exchange-traded funds (ETFs) focused on Bitcoin and crypto assets. The agreement marks a major step into the financial markets for Trump Media, signaling growing interest in digital assets from mainstream players. The partnership aims to make crypto investing more accessible and trusted through regulated ETF products. It’s a clear sign that crypto continues to move closer to the financial mainstream.
Solana (SOL) has been struggling below $150 since March 3, with its technical indicators still pointing to a bearish trend. The number of Solana whales has declined in recent days, suggesting some large holders may be reducing exposure.
Meanwhile, Solana’s total value locked (TVL) remains below $10 billion, highlighting weakening engagement in its DeFi ecosystem. For SOL to regain bullish momentum, it would need renewed whale accumulation, a recovery in TVL, and a breakout above key resistance levels.
Solana TVL Stuck Below $10 Billion Since February 22
Solana’s total value locked (TVL) has been steadily declining. It is currently at $8.87 billion, and the last time it surpassed $10 billion was February 22.
TVL represents the total amount of assets deposited in a blockchain’s decentralized finance (DeFi) protocols, serving as a key indicator of network activity and investor confidence.
A higher TVL suggests strong ecosystem engagement, while a declining TVL can indicate reduced liquidity and fading interest.
With Solana’s TVL continuing to drop, it raises concerns about potential weakening demand for its DeFi ecosystem, which could impact SOL’s price, at a moment when the chain and some of its major players have been suffering criticism from the community.
A declining TVL often reflects lower capital inflows and reduced activity in lending, staking, and trading protocols, limiting upward price momentum.
For Solana’s bullish case to strengthen, its TVL would need to stabilize and recover, signaling renewed investor confidence and increased network utility.
Whales Stopped Accumulating SOL
The number of Solana whales – addresses holding at least 10,000 SOL – grew between February 28 and March 3, rising from 4,953 to 5,053. However, since then, the number has steadily declined, now sitting at 5,023.
Tracking whale activity is crucial because large holders can influence market trends. Accumulation often signals confidence in price appreciation, and distribution often indicates potential selling pressure.
A sustained increase in whale numbers typically suggests strong demand, while a decline can hint at weakening sentiment.
With the recent drop in Solana whale addresses, there are concerns that some large holders may be reducing exposure, which could create selling pressure on SOL.
If this trend continues, it could limit upward momentum and lead to price consolidation or declines.
However, if whales resume accumulation, it would indicate renewed confidence in Solana’s long-term prospects, potentially supporting a stronger price recovery.
Solana Still Struggles to Breach $150
Solana’s EMA lines indicate that the current setup remains bearish, with short-term averages still positioned below long-term ones.
This alignment suggests that downward pressure persists, limiting immediate upside potential.
However, if the trend reverses and buying momentum strengthens, SOL could climb toward $160.7, and a breakout above this level could push it further to test the $180 resistance.
On the downside, if bearish momentum intensifies, Solana price could retest support at $130.
A breakdown below this level could drive the price lower, potentially testing $125.
Bitwise just filed for a NEAR ETF, the first such application in the United States. In the last few weeks, the firm has attempted to create several new altcoin ETF products based on DOGE, APT, and others.
NEAR itself has been comparatively quiet in 2025, but this application could attract increased interest in the project.
Presently, the filing is very barebones, and the public has little information. If Bitwise or the SEC posts the full application in the future, that could help clear up a few questions.
For now, it may be safe to assume that the NEAR ETF resembles Bitwise’s other recent altcoin efforts.
NEAR is a Proof-of-Stake L1 blockchain optimized for dApp development. Launched in late 2020, it splits blockchains into sub-chains with independent validators to increase transaction processing efficiency.
The altcoin saw heightened interest at the tail end of last year but has had a relatively smaller presence throughout 2025.
Now that Bitwise wants to create a NEAR ETF, that might attract some attention. The asset’s price has been on the upswing; after a slump in mid-April, it increased over 25% in the last two weeks.
Obviously, these gains have nothing to do with Bitwise’s filing, but the ETF effort might help build forward momentum.
NEAR Protocol Monthly Price Chart. Source: BeInCrypto
Bitwise’s current plan involves several other “first of its kind” ETFs, and a NEAR product might face a crowded market if approved. As the number of altcoin ETFs increases, the law of diminishing returns could have a negative impact.
PI has been in a persistent downtrend since reaching an all-time high of $3 on February 26. In fact, it has traded below a descending trendline since April 12, highlighting the negative bias against the altcoin.
However, the tide may finally be turning. Technical indicators now point to a potential bullish resurgence, hinting at a PI rebound in the short term.
PI’s Quiet Accumulation Phase Could Trigger a Rally
BeInCrypto’s assessment of the PI/USD one-day chart suggests that the altcoin may be preparing for a bullish breakout. For example, its on-balance volume (OBV) has spiked over the past two days, showing early signs of accumulation.
The OBV indicator uses trading volume to predict price movements, adding volume on up days and subtracting it on down days. When its value rises like this, it suggests a surge in buying pressure.
OBV is considered a leading indicator, meaning it often moves ahead of price action and can signal shifts in market sentiment before they are reflected in the asset’s price. Therefore, PI’s rising OBV indicates that buyers are quietly accumulating the token, even as its price remains subdued.
This divergence signals that bullish momentum is building, increasing the likelihood of a PI breakout once broader market sentiment aligns.
Furthermore, the red bars forming PI’s BBTrend indicator have gradually shrunk. This reduction suggests that selling pressure is weakening, serving as an early signal that the current downtrend may be losing steam.
In technical analysis, a contraction in the BBTrend histogram is a precursor to a potential trend reversal, especially when accompanied by rising volume and other bullish indicators.
As the bars shorten, it indicates that volatility is stabilizing in the PI market and that a bullish shift in price is increasingly likely.
PI for Reversal as Bullish Signals Point to $1 Breakout
PI currently trades at $0.591, resting below its descending trend line, which forms resistance above it at $0.605. If bullish pressure strengthens and PI demand rockets, it could flip this price point into a support floor and climb toward $1.01.
