The inflow, to the tune of $120 million within the last moon’s turn, warmed the hearts of the bulls. Notably, $41.5 million waltzed over from Ethereum [ETH], while a respectable $37.3 million found its way from Arbitrum [ARB]. One might say these figures resemble a raffle with particularly generous prizes.
Despite Ethereum’s price tangoing the cautious two-step toward the basement, Sun has firmly planted his feet, announcing via X (formerly known as “the other thing people tweet on”) that he’s not selling a single ethereal coin. Because who needs liquidity when you can have diamond hands strong enough to file for knuckle replacement?
In a recent chinwag with CNBC (the electronic oracle of all things finance), Steve confided that he’s been busy tightening the bolts on his portfolio’s risk—because who doesn’t enjoy a bit of rain shelter when the market weather turns erratic?
The total market value took a nosedive from a robust $6.6 trillion to a somewhat humbler $2.8 trillion, a decline of 18.6% which could only be described as a spectacular vanishing act worthy of the finest magicians—or perhaps the latest reality star’s investment portfolio. Trading volume followed suit, shriveling by 27% to a modest $146 billion per day, presumably reflecting a collective decision to take a nap on the money pit.
Out where the dust settles on the U.S.-China trade wrangle, the suits and traders try to figure out who slapped whose wrist next. But the true grit lies with blockchain cowboys like Andrei Grachev from DWF Labs. He reckons this whole tariff shootout is less about winning and more about everyone circling back to the campfire, sharing code instead of firing shots.
The Ethereum layer-two protocol reveals that Converge was specifically designed to help tokenized real-world assets thrive—yes, because the world needed another blockchain, right? 🔥
The historical pattern of this trendline often leads to increased selling, yet this time, there appears to be a shift in sentiment due to heightened whale activity and surging trader confidence.
Meanwhile, the world’s economy seems to be spiraling into a drama of its own, with trade wars between the United States and China turning up the heat like a bad family argument. Aggressive tariffs are flying around like confetti at a poorly organized wedding, and global financial markets are feeling it. Altcoins like Solana, always the delicate flowers of the digital world, are especially vulnerable. Uncertainty is high, and investor sentiment? Well, let’s just say, it’s not exactly popping with joy.
“When the printer starts churning out those greenbacks, gold gets a whiff first, and then Bitcoin comes galloping along like a hound on a scent,” Consorti explained, pointing out that our dear BTC tends to lag behind gold’s antics by a good 100 to 150 days. Talk about a slowpoke! 🐢
On CNBC’s Squawk Box — because where else would one gather to discuss financial ephemera while chewing your morning cereal? — he warns us: altcoins are like a house of cards on a windy day, ready to collapse at the slightest puff.