More Solana Holders Are Now Underwater As The Percentage Of Supply In Loss Deepens

Solana's price has shown early signs of recovery, maintaining critical support at $131, which suggests a potential short-term bullish reversal in the cryptocurrency market. The price has recently bounced back from a low of $128, indicating a shift in momentum as it consolidates above $135.

The third edition of the Crypto Content Creator Campus (CCCC) was held in Lisbon from November 14 to 17, focusing on monetization strategies in the Web3 era. The event aimed to create new revenue opportunities and foster community building within the cryptocurrency sector, with coverage provided by the Bitcoinist team.

Monad has launched its MON token on the Solana blockchain through the Sunrise platform, facilitating seamless trading and transfers across different blockchain networks. This launch is a significant step for Monad as it aims to enhance its market presence and user accessibility.

Bitcoin is undergoing a significant pullback in 2025, with prices recently retesting the $82,000 mark due to a massive sell-off by investors, particularly new whale buyers. This trend indicates a wave of capitulation among these large holders as market sentiment shifts negatively.

Bitcoin is experiencing a significant drawdown attributed to reversing ETF flows, weaker treasury demand, and a shrinking stablecoin supply, indicating a capital flight. Despite this volatility, the long-term demand for Bitcoin remains strong, bolstered by institutional adoption and sovereign interest. Bitcoin Hyper, a new initiative, aims to enhance Bitcoin's utility through a high-speed DeFi platform, raising over $28 million in its presale.

Michael Saylor has reiterated his commitment to Bitcoin amidst a significant price drop, with Bitcoin sliding towards the $80K–$85K range, raising concerns among leveraged traders and prompting warnings of a potential market crash. Saylor's company, Strategy, holds over 649,000 BTC, which remains profitable on paper despite the recent volatility.

Bitcoin and Ether have faced significant outflows from exchange-traded funds (ETFs), with Bitcoin experiencing a record $903 million exit, reflecting growing investor caution amid fears of a bear market. In contrast, Solana has seen a notable increase in ETF inflows, showcasing a divergence in market sentiment.

Wormhole Labs has launched Sunrise, a new day-one listing platform on Solana, which will enable major assets to launch with immediate liquidity. The first asset listed on this platform is Monad's MON, marking a significant step for both the platform and the asset.