Web3đWednesday: Bitcoin's Big Win, Solana's ETF Buzz, XRP's Meme Surge, and TRX's Record Highs!
1. đ Bitcoin ETFs pull in $676M in a day as holdings near Satoshiâs level.
2. đ Grayscale files for a Solana ETF while $SOL climbs 6%!
3.đ XRP meme coins ride Rippleâs 80% weekly surge!
4. đ„ Tronâs TRX soars to record highs, breaking $0.40.
đ Keep reading for deeper insights!
This week, the blockchain world is buzzing with excitement! From Bitcoin ETFs pulling in a staggering $676 million in just one day to Solanaâs ETF ambitions fueling a 6% surge, the momentum is unstoppable. XRP meme coins are stealing the spotlight with Rippleâs altcoin skyrocketing 80% in a week, while Tronâs TRX hits record-breaking highs above $0.40. Ready to dive into the details? Letâs break down the hottest headlines shaping the future of Web3!
1. Bitcoin ETFs pull in $676M in a day as holdings near Satoshiâs level.
Bitcoin ETFs are experiencing a massive surge, with $676 million in inflows on Tuesdayâalmost double Mondayâs $353 million. Total net assets now approach 1.1 million BTC, close to Satoshi Nakamotoâs holdings. BlackRockâs iShares Bitcoin Trust led with $693M, while Fidelity saw $52M. The growth is driven by pro-crypto sentiment following the U.S. elections and regulatory approvals boosting market confidence. Experts predict this surge could expand crypto's reach beyond its community, with examples like Tether's USDT facilitating oil transactions. With crypto ETFs attracting record investments, they are shaping up to be a pivotal piece of the financial revolution.
Adrian Zmudzinski
2. Grayscale files for a Solana ETF while $SOL climbs 6%!
Grayscale is making waves with its filing to convert the Solana Trust into a spot ETF on NYSE Arca, signaling rising institutional confidence in Solana. This move comes as $SOL recovers 6% to $237, following a 12% dip last week after hitting an all-time high of $260. The SEC is now reviewing multiple Solana ETF applications from issuers like Grayscale, VanEck, and 21Shares. Optimism grows with pro-crypto Paul Atkins as SEC chair, potentially paving the way for ETF approvals. As Solana regains momentum, its ecosystem remains a strong contender, fueled by these ETF developments.
Estefano Gomez
3. XRP meme coins ride Rippleâs 80% weekly surge!
XRPâs 400% rally over the past month has sparked significant growth in meme coins within the Ripple ecosystem. Tokens like ARMY, 589, XPILL, and RIPPY have seen remarkable gains, drawing attention across the crypto market. ARMY, inspired by the XRP community, saw its market cap soar from under $1 million to $90 million in just a week before facing liquidation. Meanwhile, 589 rallied over 100%, briefly reaching an $8 million market cap. New tokens like RIPPY also saw astronomical gains, with a 22,825% spike. With XRPâs bullish cycle and the growing popularity of meme coins, XRPL may soon challenge Solanaâs meme coin dominance.
Beincrypto
4. Tronâs TRX soars to record highs, breaking $0.40.
Tron (TRX) has seen an extraordinary 104% surge, with its price skyrocketing 95% from $0.21 to $0.43 in just one day, driving its market cap to over $36 billion. The token experienced an impressive $10 billion in trading volume, marking a nearly 500% increase. As a blockchain supporting decentralized finance (DeFi) and smart contracts, Tron has become a major player in handling Tetherâs USDT transactions, surpassing even Visa. With its recent growth and developments, TRX is predicted to reach $1, representing a 150% rise from its current price. Tronâs remarkable performance stands out, especially as other major cryptocurrencies like Bitcoin and Ethereum struggle.
BeincryptoThis weekâs updates showcase the unstoppable growth and excitement in the blockchain space. Whether itâs Bitcoinâs massive ETF inflows, Solanaâs ETF buzz, or Ripple and Tronâs meteoric rise, Web3 is proving its resilience and potential. Stay tuned as the innovation continues to unfoldâbecause in the world of Web3, thereâs always more on the horizon.
