Crypto wallets are looking rougher than my Aunt Ida’s meatloaf-down 3.81%-dragging the whole crypto economy down to $3.88 trillion. That’s right, guys: the $4 trillion fantasy just face-planted faster than Buster Keaton on roller skates.
Here’s the twist, though: while retail investors seem to be lurking at home, probably binge-watching their favorite series instead of throwing money at DOGE, the smart money-those sneaky investors with more zeros in their bank accounts-are quietly scooping up coins. It’s almost like a surprise party where nobody told the guests, and they’re just happily filling their pockets while everyone else is still stuck trying to find the invite. 🎉
Here’s the kicker: Spot Taker CVD data says the sellers are ruling the roost with a -35 million Delta. That’s like the market saying, “No thanks,” and pushing TRX down towards $0.32 unless something magically flips the mood.
DeFi Development Corp (DFDV), a Nasdaq-listed firm, has partnered with Solana-based liquid staking platform Fragmetric Labs to launch South Korea’s first Solana (SOL) treasury. This announcement comes as part of their strategy to expand their footprint in the digital asset treasury space, marking a significant move for the Solana ecosystem in South Korea. The partnership aims to acquire a publicly listed Korean company and establish a corporate Solana treasury. 🎯
Lo, the digital euro-a spectral wallet birthed by the European Central Bank-seeks to challenge the omnipotent American credit card titans. Will it triumph, or shall it be cast into the abyss of failed experiments? 🤷♂️💸
It’s like a carnival of capital last week-both Bitcoin and Ether ETFs showed up with their wallets open, turning heads and opening floodgates. From September 15th to 19th, Bitcoin’s big sibling pulled in nearly $887 million, while Ether, never one to be outdone, managed a cool $558 million. Institutional confidence? More like institutional obsession. 💸🎢
In a recent X post (because why not stage a spectacle where everyone can watch?), the wise CryptoJack pronounced XLM “ready to explode.” Such prophetic flair could almost be mistaken for tea leaves reading. The token slips and slides beneath a descending trendline since midsummer, a gloomy tunnel with no exit, where each hopeful break is politely turned away. Yet below, between $0.105 and $0.115, a cozy little camp of accumulation glows-a stubborn hearth where sellers tire and buy-side tempers slowly rekindle.
Not content with mere price growth, Solana has also become the darling of institutional hoarders, whose treasury reserves are swelling like a plutocrat’s ego at a charity ball. Reports, as reliable as a gossip columnist’s whisper, reveal that Solana’s reserves are ballooning at a rate that would make a baroque composer blush. This wave of accumulation, driven by strategic treasury holdings, is as inevitable as a Waugh novel ending in disillusionment.
Technical indicators whisper sweet nothings of further misfortune, as the token stands on the precipice of a two-month low, beckoning it to take an unceremonious plunge into the abyss of despair in the upcoming sessions.
On September 16, Joaquim Lopes Alves, legal eagle for Festejola do Brasil LTDA – basically the guy who shows up and says “Yep, I represent the whole mess”- took the stand about the Great Store Shutdown. Turns out, his team was just trying to scan some irises, not build a coffee empire, in case you were worried about their retail ambitions. ☕👁️
