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With greed extensively visible among investors, the Ethereum price surge is leading the crypto market rally. Despite records of its invariant performance even when other digital assets boomed, things have changed this time. It is now among the most bullish cryptos today, outperforming Bitcoin, XRP, Solana, and many other top altcoins. Key Factors Fueling Today’s
The post Why Ethereum is Leading the 10% Crypto Rally Today? appeared first on CoinGape.
Smart Money wallets have been aggressively offloading TRUMP, BNKR, and PWEASE in the last seven days, raising red flags for these trending tokens. TRUMP has faced the heaviest pressure, with over $380,000 in net outflows, as its price remains stuck in a sharp downtrend.
BNKR, despite posting strong weekly gains, has also seen large traders liquidating their positions, signaling potential profit-taking. Meanwhile, PWEASE is experiencing similar bearish flows as larger wallets continue to trim exposure despite the recent buzz around the meme coin.
TRUMP has been under significant selling pressure, trading below $18 for the past 30 days, with its price declining by nearly 43% over that period.
This steep correction has coincided with notable smart money activity, as key wallets have been heavily exiting their positions. In the last seven days alone, smart money wallets sold $382,660 worth of TRUMP while only buying $1,240, resulting in a sharp net outflow of $381,420.
This imbalance suggests that larger, more informed investors are losing confidence in TRUMP’s short-term prospects, contributing to the downward momentum.
If this corrective trend persists, TRUMP could fall further and retest its next key support level, $9.54. Failure to hold this level may expose the asset to deeper losses.
However, if TRUMP manages to reverse its current bearish trend and regain bullish momentum, it could attempt to challenge resistance at $12.51.
A successful breakout above this level may open the door for a move towards $13.88. If buying pressure strengthens further, TRUMP could rally back up to $17.75, reclaiming levels closer to where it was trading before the recent downturn.
BNKR has surged by 19% over the past week, positioning itself as one of the top-performing AI coins and one of the most talked-about assets on the Base chain.
This recent rally has drawn significant attention, helping BNKR stand out in a competitive market. However, despite the price increase, smart money wallets have shown mixed behavior—while they purchased $75,700 worth of BNKR in the last seven days, they also offloaded $213,730, resulting in a net outflow of $138,000.
This suggests that although BNKR is trending, larger investors may be capitalizing on the recent rally to secure profits.
If this selling pressure persists, BNKR could lose its recent momentum and slip below key support levels at $0.00019 or even $0.00018, marking its lowest levels since mid-February.
On the other hand, if BNKR manages to reignite the bullish sentiment that fueled last week’s gains, it could retest resistance at $0.000225.
A breakout above this level could pave the way for a further move toward $0.000282, signaling a strong continuation of its upward trend.
PWEASE, a Solana meme coin satirizing US Vice President JD Vance, has been drawing attention amid volatile market conditions.
Over the past seven days, smart money wallets have shown a bearish stance. They purchased $166,720 worth of PWEASE but sold $291,000 in the same period, resulting in a net outflow of $124,320.
This suggests that while the token has gained some traction, larger investors are currently leaning towards reducing their exposure, adding selling pressure to the coin.
If this corrective trend continues, PWEASE could move lower and test the key support at $0.0125. If that level fails to hold, a deeper decline toward $0.0059 may follow.
However, should PWEASE manage to attract renewed buying interest and reverse the downtrend, it could push up to challenge resistance at $0.0295.
A breakout above this level could open the door for further upside toward $0.040, signaling a potential shift back to bullish momentum for the meme coin.
The post Top 3 Crypto Smart Money Wallets Are Selling Fast In March appeared first on BeInCrypto.
Solana’s derivatives market has seen a strong increase in activity this week. According to recent data, open interest has climbed by 10.11% to reach $5.55 billion.
This jump signals that more traders are opening new Solana (SOL) positions, showing renewed attention from retail and institutional participants.
According to Coinglass, Solana’s open interest increased alongside a 24.28% rise in trading volume, now at $12.6 billion. The increased market participation has surged open interest and turnover. This trend shows some traders are building up for a potential Solana price movement within a day/week timeframe.
This development also reveals that expectations for increased volatility are on the rise. More money is flowing into Solana futures and perpetual contracts as market players either cover already-held positions on the asset or bet on a change in the price.
This data is obtained while Solana is circulating between $129 and $144, with analysts expecting a breakout.
New data also reveal that whales are adding to their positions for SOL, thus providing more evidence of inflows. In addition, Lookonchain pointed out that Galaxy Digital also closed out 606,000 SOL, which is equivalent to approximately $79.7m in exchanges. Of this, 462,000 SOL worth approximately about $60 million has been staked.
This shift implies priorities to long-term holding and reduction of the circulating supply, factors that affect short-term price shifts. An increase in wallets with over 10,000 SOL has also been noted. This week, an analyst, Ali Charts, pointed out that the large holders had increased by 1.53% from 4,943 to 5,019.
“More large wallets entering the space could reflect growing confidence among major players,” he shared on X. This behaviour often aligns with a more SOL price bullish outlook as whales reduce sell pressure.
According to crypto analyst Andrew Griffiths, the Solana price has constructed what appears to be a Cup and Handle pattern on the weekly chart in the past week. Upon verification, this pattern is widely regarded as a bullish signal. Per the chart, Solana price recently bottomed at $123.55 and shows signs of steady recovery, with the analysts setting initial targets at $139.80, $141.33, and $143.94.
According to crypto analyst Ali Charts, the most important support for Solana price is $129, while resistance is $144. A breakout beyond $144 may open the way toward $150 and potentially $200, especially if the current trend continues.
However, a potential ‘death cross’ formation has emerged on the chart of SOL/BTC. This pattern marks a downtrend in the performance relative to Bitcoin. However, as the technical analyst Lordofalts indicated, a breakout from a parallel channel observed on the chart could offset these worries.
Launching spot Solana ETFs in Canada has also added momentum to the asset’s market presence. These ETFs, which include staking features, are listed on the Toronto Stock Exchange. Their appearance has led to a renewed interest in similar products in the United States.
Polymarket, a prediction platform, shows a 74% chance that a U.S.-based Solana ETF will be approved by the end of 2025. However, the probability of approval by July 2025 remains low, at 24%.
Several asset managers such as Fidelity, VanEck, Franklin Templeton, and Grayscale have proposed to issue Solana ETFs. Despite the lack of activity in this regard, the filings indicate an increasing acceptance of the digital asset from institutional investors which is a precursor to an upward trend.
The post Solana Open Interest Jumps 10% As Whale Activity Hints At SOL Price Rally appeared first on CoinGape.
Solana co-founder Anatoly Yakovenko offered a balance evaluation of Donald Trump’s Executive Order (EO) on the strategic Bitcoin reserve. In a recent statement, Yakovenko likened the Bitcoin reserve to a “scalpel,” suggesting that the move marks a significant step towards regulatory clarity.
Notably, the Solana founder’s statement underscores the administration’s targeted and precise regulatory framework for digital assets. Let’s unveil how Anatoly Yakovenko views Trump’s Bitcoin reserve strategy.
Donald Trump’s recent executive order for a strategic crypto reserve has invoked widespread enthusiasm. Despite some disagreements with the inclusion of altcoins like XRP, SOL, and ADA, the crypto community stands strong with the Bitcoin order. In a recent X post, Solana co-founder Anatoly Yakovenko addressed the Bitcoin reserve plan as a scalpel. This suggests that the EO’s regulatory approach is characterized by precision and specificity, rather than overly restrictive measures.
Significantly, the Solana co-founder’s message highlight the nuances of crypto regulatory landscape and the need for clarity. Yakovenko emphasized that the Bitcoin order will pave the way for more regulatory clarity in the US. He added, “We need a stablecoin bill, guidance to let banks deposit and withdraw crypto, clear rules from the sec and cftc for issuance and defi.”
Despite his recent endorsement, the Solana co-founder criticized Donald Trump’s crypto reserve proposal. His criticisms were based on the idea that the government control could undermine the notion of decentralization.
Recently, Yakovenko outlined his preferences regarding a US reserve of cryptocurrencies, with his top choice being no reserve at all. His second preference was to allow individual states to oversee their own reserves. This approach, he believes, would provide a safeguard against potential missteps by the Federal Reserve.
In addition to Yakovenko’s opposition, controversy arose when Cardano founder Charles Hoskinson revealed that he had not been invited to the Crypto Summit, where discussions on the reserve were slated to take place.
According to Robert Kiyosaki, the author of “Rich Dad Poor Dad,” Bitcoin could heal America’s financial woes. With Trump’s decision to adopt a Bitcoin reserve, the cryptocurrency is poised to reach new all-time highs, stated Kiyosaki.
However, Trump’s crypto policies could be a threat to Wall Street. Primarily due to the possible growth of stablecoins, which in turn boosts Silicon Valley’s establishment, the traditional financial ecosystem could collapse. Thus Trump’s pro-crypto stance signals the potential downfall of Wall Street.
The post Solana Co-founder Calls Trump’s Bitcoin Order ‘A Scalpel’, Here’s Why appeared first on CoinGape.
