Why Has The Solana Price Been Crashing Since October? This Major SOL Player Is Selling

The launch of the first Dogecoin ETF by Grayscale on November 24, 2025, has sparked speculation about a potential Shiba Inu ETF, given that Shiba Inu is the second-largest meme coin by market capitalization. This development highlights the growing interest in meme-based cryptocurrencies and their acceptance in mainstream finance.

Standard Chartered has been selected to provide digital asset custody services for 21Shares, marking a significant step in the traditional finance sector's increasing involvement in the cryptocurrency market. This partnership raises questions about the future role of Zodia Custody in the evolving landscape of digital asset management.

XRP has achieved a significant milestone by being included in the FinTech Notes’ Core Global Glossary, reinforcing its position as a reliable payment infrastructure despite a recent decline in its price. This recognition highlights XRP's growing acceptance within the financial sector as a viable digital asset for transactions.

Bitcoin has experienced a significant decline, falling over 30% in value, with recent trading pushing the price down to around $82,000. This sharp drop has caused panic among newer investors, while veteran holders remain largely unfazed, viewing such volatility as a normal aspect of Bitcoin's history.

The DeFi Development Corp has become the first Solana treasury to endorse SIMD-0411, a proposal aimed at accelerating emissions cuts amidst a significant 30% decline in Solana's price. This decision reflects the urgent need for strategic adjustments as corporate holders face financial losses.

VanEck has amended its filing for a BNB ETF, eliminating all staking plans, which marks a significant shift from its previous strategy that included staking features similar to its Solana ETF. This decision comes amid increasing regulatory scrutiny and uncertainty in the cryptocurrency market.

Franklin Templeton has launched its XRP exchange-traded fund (ETF), XRPZ, on NYSE Arca, marking a significant step towards the mainstream acceptance of cryptocurrency assets. This move highlights the growing integration of on-chain settlement assets into traditional financial infrastructure, as XRP's payment narrative evolves through regulated ETFs.

MSCI has initiated a consultation that could lead to the exclusion of companies holding 50% or more of their balance sheet in Bitcoin or other digital assets from its global equity indexes. This move has raised concerns about forced selling risks, particularly for Strategy ($MSTR), which is heavily leveraged in Bitcoin investments. The market reacted negatively, exacerbated by a bearish note from JPMorgan.