Solana price slips under $130 as capitulation risk increases

Bitcoin and Ether have shown a rebound in the latest ETF weekly recap, while Solana and XRP have extended their inflow streaks, indicating a positive shift in investor sentiment towards these cryptocurrencies. The report highlights a significant inflow of $224 million into Bitcoin ETFs, alongside renewed interest in Ether as ETF inflows resume, suggesting a recovery from previous market volatility.

CME Group has expanded its cryptocurrency derivatives offerings by launching spot-quoted futures for XRP and SOL, providing new trading options and enhancing market access for investors. This move marks a significant step in the company's efforts to broaden its crypto product range.

CME Group has expanded its cryptocurrency derivatives offerings by introducing spot-quoted futures for XRP and Solana, marking its smallest crypto contracts to date. This move is designed for active traders who prefer spot market terms, eliminating the complexities of contract expiries and rollovers.

Ondo Finance has announced plans to offer tokenized U.S. stocks and exchange-traded funds (ETFs) on the Solana blockchain starting early next year, enabling 24/7 trading with near-instant settlement. This initiative builds on the company's existing portfolio of $365 million in tokenized assets.

BONK, the Solana-based memecoin, has retreated toward lower price levels after failing to sustain gains during a high-volume trading session, indicating a struggle to maintain upward momentum.

Solana's price prediction is currently experiencing a fragile consolidation below declining moving averages, with bearish momentum fading. The cryptocurrency is navigating a tight range defined by dense sell walls above and clustered bids below, indicating uncertainty about its next move.

Twenty One Capital, a newly public company on the New York Stock Exchange, has made headlines with its significant Bitcoin treasury of nearly $4 billion, positioning itself as a major player in the cryptocurrency market. CEO Jack Mallers predicts that Bitcoin's market could expand from its current $2 trillion to between $20 trillion and $200 trillion, suggesting a potential shift towards Bitcoin as a global reserve asset.

The XRP ecosystem has made a significant advancement with the launch of Wrapped XRP (wXRP) on the Solana and Ethereum blockchains, enhancing its interoperability and credibility within the cryptocurrency market. This integration allows XRP to leverage the strengths of these major platforms, potentially increasing its utility and adoption.