<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDZkODYtMzQ3NC03M2Q0LTgxZmMtZTU1YzMyZWQ3YTQz.jpg" alt="21Shares taps Standard Chartered for custody as TradFi tightens grip on crypto"></p><p>Standard Chartered will provide digital asset custody for 21Shares, signaling deeper TradFi expansion into crypto and raising questions about Zodia Custody’s future role.</p>

تم اختيار ستاندرد تشارترد لتقديم خدمات الحفظ للأصول الرقمية لشركة 21Shares، مما يمثل خطوة مهمة في زيادة مشاركة القطاع المالي التقليدي في سوق العملات المشفرة. يثير هذا التعاون تساؤلات حول الدور المستقبلي لشركة زوديا كاستودي في المشهد المتطور لإدارة الأصول الرقمية.

Standard Chartered ha sido seleccionado para proporcionar servicios de custodia de activos digitales para 21Shares, marcando un paso significativo en la creciente participación del sector financiero tradicional en el mercado de criptomonedas. Esta asociación plantea interrogantes sobre el futuro papel de Zodia Custody en el paisaje en evolución de la gestión de activos digitales.

Standard Chartered a été choisi pour fournir des services de garde d'actifs numériques à 21Shares, marquant une étape significative dans l'implication croissante du secteur financier traditionnel dans le marché des cryptomonnaies. Ce partenariat soulève des questions sur le rôle futur de Zodia Custody dans le paysage évolutif de la gestion des actifs numériques.

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.

21Shares taps Standard Chartered for custody as TradFi tightens grip on crypto

On-chain analytics platform Lookonchain has provided insights into what may have contributed to the Solana price crash since October. The platform revealed that meme coin launchpad Pump.fun has sold a significant amount of SOL, cashing out almost $500 million since the start of October. Pump.fun Allegedly Dumps SOL Amid Solana Price Crash In an X post, Lookonchain suggested that Pump.fun has been selling SOL, as it appears that the meme coin launchpad has cashed out at least 436.5 million USDC since October 15. The on-chain analytics platform also stated that since October 15, the meme coin launchpad has deposited 436.5 million USDC into Kraken.  Related Reading: Forget XRP, DFDV Exec Predicts Solana Price Is Headed For $10,000 Furthermore, Lookonchain revealed that between May 19, 2024, and August 12, 2025, Pump.fun sold a total of 4.19 million SOL ($757 million) at an average price of $181. Of that amount, 264,373 SOL was sold on-chain for $41.64 million, while 3.93 million SOL ($715.5 million) was deposited into Kraken. Pump.fun’s SOL sales are known to put significant selling pressure on the Solana price, thereby contributing to its crash.  Notably, the Solana price has recorded one of the largest losses during this recent crypto market downtrend. SOL crashed from a high of around $220 in October to a low of $120 this month. This has occurred despite the launch of six spot Solana ETFs during this period. Bitwise, Grayscale, Fidelity, 21Shares, VanEck, and Canary have all launched their SOL funds and have recorded notable flows since launch. SoSo Value data shows that these funds have recorded cumulative net inflows of $568.24 million since their respective listings. Despite this, the Solana price has been in a downtrend amid significant selling pressure from SOL whales. Thanks to the crash, SOL is now down over 28% year-to-date (YTD). The altcoin is also down over 28% in the last 30 days.  Pump.fun Denies Recent SOL Sales A Pump.fun spokesperson, Sapijiju, has indicated that they haven’t sold any SOL recently and haven&#8217;t contributed to the Solana price crash. In an X post, he described Lookonchain’s post as complete misinformation, as they haven’t cashed any sum. He claimed they were not involved in the transactions between Kraken and Circle that the on-chain analytics platform referenced. Related Reading: Institutions Have Been Buying Solana Every Day For 2 Weeks, Is $300 Possible? Lookonchain had claimed that during the same period, Pump.fun allegedly cashed out 436.5 million USDC, 537.6 million USDC was sent from Kraken to Circle. Meanwhile, regarding the 436.5 million USDC, Sapijiju stated that what is happening is part of their treasury management, with the USDC part of funds from the PUMP ICO, and with plans to reinvest the sum into the business.  At the time of writing, the Solana price is trading at around $138, up almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com

شهد سعر سولانا انخفاضًا كبيرًا منذ أكتوبر، ويعزى ذلك إلى حد كبير إلى تصرفات منصة إطلاق الميم كوين Pump.fun، التي يُزعم أنها باعت أكثر من 436 مليون دولار من SOL. وقد أثار هذا السحب مخاوف بشأن استقرار نظام سولانا البيئي، بالتزامن مع تراجع أوسع في سوق العملات المشفرة.

El precio de Solana ha estado experimentando una caída significativa desde octubre, atribuida en gran parte a las acciones de la plataforma de lanzamiento de memecoins Pump.fun, que supuestamente ha vendido más de 436 millones de dólares en SOL. Este retiro ha generado preocupaciones sobre la estabilidad del ecosistema de Solana, coincidiendo con una caída más amplia en el mercado de criptomonedas.

Le prix de Solana connaît une forte baisse depuis octobre, principalement en raison des actions de la plateforme de lancement de memecoins Pump.fun, qui aurait vendu plus de 436 millions de dollars de SOL. Ce retrait soulève des inquiétudes quant à la stabilité de l'écosystème Solana, coïncidant avec un déclin plus large du marché des cryptomonnaies.

The Solana price has been experiencing a significant decline since October, largely attributed to the actions of the meme coin launchpad Pump.fun, which has reportedly sold over $436 million in SOL. This cash-out has raised concerns about the stability of the Solana ecosystem as it coincides with a broader downturn in the cryptocurrency market.

21Shares taps Standard Chartered for custody as TradFi tightens grip on crypto

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