Solana

Solana rose 12.05% to $142 on December 2, 2025, driven by $45.77 million in net inflows to U.S. spot ETFs and a 10.61% increase in Open Interest to $7.40 billion. Technical analysis shows a double-bottom pattern with a potential move toward $169 if the asset sustains a close above $145. Long positions totaling $210.97 million at key liquidation levels indicate bullish positioning among derivatives traders.

Revolut has integrated Solana for direct transfers, withdrawals, and staking, expanding SOL's presence in global fintech infrastructure. SOL traded near $141.22 with $5.8 billion in 24-hour volume. Short positions totaling $60 million were liquidated as the token tested key support levels.

Hyperliquid Strategies has completed its merger with Sonnet BioTherapeutics, forming the largest HYPE token treasury. The combined entity holds 16.89 million HYPE tokens valued at $583 million, offering U.S. public market investors direct exposure to the Hyperliquid ecosystem through a publicly traded vehicle.

Solana Mobile announced Wednesday that its native ecosystem token, SKR, will launch in January 2026. The token has a total supply of 10 billion units, with 30% allocated for airdrops and unlocked at launch. Distribution targets Seeker device owners and active decentralized application users within the ecosystem.

Gary Gensler, who recently stepped down as SEC Chairman, distinguished Bitcoin from thousands of alternative cryptocurrencies that lack fundamental value. His remarks came as Vanguard reversed its crypto ban, enabling 50 million clients to access spot ETFs and generating $1 billion in trading volume within the first 30 minutes.

XRP exchange-traded funds recorded $845 million in net inflows during their first 13 trading sessions, positioning the asset as the third digital currency to surpass the $800 million threshold in ETF capital accumulation. The performance outpaced Ethereum, which required 95 sessions to reach the same level, and exceeded Solana's $651 million gathered over 25 sessions. Vanguard added XRP funds to its digital assets platform as the token traded near $2.16.

Franklin Templeton's Solana exchange-traded fund received listing approval from NYSE Arca, completing the final regulatory step before trading commences. The fund will trade under ticker SOEZ and track the CF Benchmarks Solana Index. Solana traded at $141.57 with a 10.30% daily gain following the approval.

PIPPIN, a Solana-based memecoin from an early 2024 AI experiment, has surged 556% over 30 days while the broader Solana memecoin sector faces declining liquidity. Blockchain data identified 50 synchronized wallets that purchased $19 million in PIPPIN, funded through HTX exchange. The token recorded over $3.19 billion in derivatives volume on December 1.

Major altcoins posted double-digit gains with Ethereum rising 10%, Solana up 12%, and Sui surging 21% following a sentiment reversal. The CMC Altcoin Season Index remains at 21/100, indicating Bitcoin continues to dominate market flows. Altcoin market capitalization has declined from $1.36 trillion to $1.29 trillion over seven consecutive days.

Grayscale Research projects bitcoin will reach new record prices in 2026, rejecting the traditional four-year cycle theory. Vanguard reversed its stance on digital assets, enabling clients to trade ETFs holding BTC, ETH, XRP, and SOL starting Tuesday. Bank of America will permit portfolio allocations of 1% to 4% in crypto assets.