With the crypto market showing signs of recovery, both the XRP and Solana Exchange Traded Funds (ETFs) have attracted significant investor interest. The rivalry among major crypto ETFs has intensified, with XRP taking the spotlight amid its consistent surge in daily inflows and the Solana ETF recording significant outflows.

Solana ETFs See Largest Outflow Yet

Solana has entered a surprising phase of turbulence as its recently launched US Spot ETF struggles to maintain momentum after weeks of inflows. The latest data from Sosovalue reveal a sizable setback with a fresh withdrawal of $32.19 million, marking the third and largest outflow recorded since the investment product debuted in late October 2025. 

The outflow, registered on December 3, came as a major surprise, especially given that the broader crypto market had been enjoying a slight reprieve from the bearishness weighing it down. Notably, Sosovalue’s data shows that the entire Solana ETF outflow originated from the 21Shares TSOL offering, which shed $41.79 million in a single session. Minor inflows into the remaining six Solana ETFs had softened the blow, reducing total outflow to $32.19. 

Since the launch of Solana ETFs, TSOL has been responsible for all negative flows posted, including the $13.55 million pullback on December 1 and the $8.10 million decline in late November. Across all sessions, 21Shares Solana ETF has now seen total outflows reach $101.51 million. 

The weakness in TSOL stands in sharp contrast to Bitwise’s Solana ETF, BSOL. BSOL continues to outpace other investment products, with impressive cumulative inflows of $580.72 million, making it the most successful Solana ETF. Grayscale’s GSOL follows at a distant $89.01 million. Overall, the net cumulative inflows for the Solana ETF have reached $623.21 million. While this is impressive, it is still significantly behind the XRP ETF. 

XRP Overtakes Solana ETF As It Nears $1 Billion Inflows

The latest on-chain numbers show the XRP ETF pulling ahead of the Solana ETF with surprising speed and volume. Analyst Neil Tolbert highlighted the rise in XRP ETF inflow this week, noting that growing institutional interest indicates the trend is only getting started. With more XRP ETFs expected to debut soon, Tolbert anticipates a significant rise in demand and inflows as traditional finance finally wakes up. 

Five Spot XRP ETFs collectively hold more than $984 million in assets, with less than $16 million to reach the $1 billion inflow milestone. Canary Capital’s XRPC leads with $358.88 million, followed by Grayscale’s GXRP, Bitwise’s ETF, Franklin Templeton’s XRPZ, and finally REX-Osprey’s XRPR.  

According to SosoValue, the total XRP ETFs, excluding that of REX-Osprey, have attracted approximately $887.12 million in net cumulative inflows. Since its launch in November, the XRP ETF has recorded 15 days of positive inflows, in stark contrast to Solana ETFs, which have seen multiple outflows. 

Despite Solana launching seven ETFs as early as October 2025 and XRP only introducing four last month, XRP ETFs have already surpassed Solana ETFs in total inflows by almost 30%. With fewer products and a later debut, XRP has emerged as the clear winner amongst the newest ETF entrants in 2025. 

In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves. A recent report shows that corporate treasury companies are experiencing a sharp decline in their SOL holdings in the shadow of broader market unease.

Corporate Solana Reserves Continue To Bleed

Solana is experiencing a notable development that is capable of shaping its next market direction. Ted Pillows, a market expert and investor, shared on the X platform that the corporate treasuries of Solana are sinking further as the price of SOL struggles to regain upward traction.

According to the expert, SOL treasury companies are making new lows that echo through the on-chain corridors of the network. This implied that the wallets previously renowned for their steady accumulation are now showing diminishing conviction as balances discreetly shrink in the current bearish market phase.

The trend shows how institutional Solana holders are adjusting in the face of tightened liquidity and increased volatility, but it’s not a sudden exodus. Rather, it may be a steady, calculated exhalation.

Pillows highlighted that this drop to new lows is a major reason why the price of SOL has been performing badly, as buying demand has faded among institutional investors. Until these companies recover, the expert is confident that a recovery in SOL will be difficult.

However, Solana has started throwing up a quiet flare, one that heralds a recovery. After examining the altcoin’s price action on the weekly time frame, Ali Martinez, a crypto analyst and trader, revealed that SOL is flashing a bullish signal that points to a potential upward move. 

Martinez’s analysis hinges on the key Tom DeMark (TD) Sequential indicator. Since March 2023, the TD Sequential has proven to be very accurate when it comes to identifying SOL trend shifts on the weekly chart. During the ongoing bearish wave, the indicator is flashing a buy signal, suggesting that Solana is likely gearing up for a bounce.

SOL Activity Is On The Rise

Despite Solan’s price facing volatility, the leading network continues to wax strong as activity grows. In a post on X, Solana Daily disclosed that the network’s x402 activity is accelerating at a pace that feels more like an explosion this week. Currently, transactions are broadening, participation is expanding, and on-chain discussion is rising in the community.

The platform highlighted that the daily transaction volume on the protocol reached a new all-time high with approximately $380,000 processed on November 30 alone. This move to a new peak represents a 750% Week-over-Week (WoW) surge.

Furthermore, Solana has flipped the chart in dollar volume for the first time since its inception. With x402 transactions reaching new highs and a flip in dollar volume, the network is emerging as the most active in the cohort.

Kalshi has switched on tokenized versions of its event contracts on Solana, making its first explicit play to court the same crypto-native traders who have funneled billions of dollars into rival prediction platform Polymarket.

Instead of holding positions solely as traditional off-chain contracts on Kalshi’s regulated venue, users can now buy and sell tokenized representations of those wagers on Solana. The economic exposure is identical, but the wrapper is crypto-native: the bet becomes a transferable token on a public blockchain.

Solana Lands Kalshi’s First Fully Tokenized Event Markets

“The tokenized versions of the contracts work the same way as the regular ones found previously on Kalshi’s platform,” the company told CNBC. The key difference is market structure. By trading the tokens rather than the contracts themselves, users can operate with greater pseudonymity and more flexibility in how they custody and move positions, putting Kalshi “on par with Polymarket, which allows users to trade directly on-chain.”

Support for these tokenized wagers is already live on Solana. Decentralized finance protocols DFlow and Jupiter are onboarding as institutional conduits, effectively bridging Kalshi’s off-chain orderbook into Solana’s liquidity. That link is designed to let crypto-native traders discover, route and size positions through the DeFi stack while Kalshi continues to run its core matching and settlement infrastructure in a regulated environment.

The timing coincides with a sharp upswing in prediction market activity. Combined trading volume in prediction markets reached almost $28 billion through October 2025, with a weekly record of $2.3 billion in the week of October 20, according to data cited from Crypto.com’s research arm. Kalshi’s thesis is that the next leg of growth will be driven by the digital asset market, which it pegs at roughly $3 trillion and heavily populated by traders already comfortable with on-chain risk.

“There’s a lot of power users in crypto,” said John Wang, Kalshi’s head of crypto. “This is about tapping into the billions of dollars of liquidity that crypto has, and then also enabling developers to build third party front ends that utilize Kalshi’s liquidity.”

Founded in 2018, Kalshi was the first exchange to roll out federally regulated event contracts on US congressional races for American traders in late 2024, following a years-long legal battle with the Commodity Futures Trading Commission. Since then, it has expanded to roughly 3,500 markets, raised more than $300 million at a $5 billion valuation, and grown its footprint to over 140 countries, according to the company.

That regulatory and capital advantage is being tested as Polymarket moves to relaunch in the US and other competitors scale. Kalshi’s leadership is effectively betting that deeper liquidity is the decisive differentiator — and that crypto traders are the marginal source of that liquidity.

Digital asset holders tend to trade prediction markets at higher volumes than non-crypto users, Wang said, arguing that their funds can meaningfully thicken orderbooks and sharpen pricing across Kalshi’s markets. “If you have a market with no liquidity, then you don’t really have a market,” he said. “People can’t really trade size or get the prices that they want.”

At press time, Solana (SOL) traded at $126.86.

• Vanguard now allows clients to trade Bitcoin, Ethereum, XRP, and Solana ETFs.
• XRP ETFs have seen $756M inflows in 11 days, with no outflows recorded.
• Goldman and other firms are boosting crypto exposure alongside Vanguard.

In a dramatic shift that signals growing acceptance of digital assets by mainstream finance, Vanguard has opened its brokerage platform to regulated crypto ETFs.

Starting this week, US investors can access exchange-traded funds tied to Bitcoin, Ethereum, XRP, and Solana, marking a major reversal from the firm’s long-held resistance to cryptocurrency.

🚨 Just found this on Vanguard’s official website 👀

Multiple XRP ETFs (Franklin, Canary, REX-Osprey, ProShares…) are now showing under « Non-Vanguard Funds » in the Digital Assets category.

Looks like access is finally opening up for crypto ETFs pic.twitter.com/Y08IgtAybg

— Arthur (@XrpArthur) December 2, 2025

Notably, the move comes amid surging client demand and increasing institutional interest in digital assets, reshaping Vanguard’s traditional investment philosophy.

Vanguard finally embraces crypto

For years, Vanguard maintained a cautious stance toward cryptocurrencies, with former CEO Tim Buckley publicly dismissing BTC and other digital assets as too speculative and unsuitable for long-term portfolios.

The firm consistently refused to offer crypto ETFs, emphasising stability and low-risk investments for retirement-focused clients.

However, leadership changes paved the way for a rethink.

Salim Ramji, formerly the global head of ETFs at BlackRock, assumed the CEO role and gradually steered Vanguard toward regulated crypto offerings.

While the firm still will not create its own crypto ETFs or mutual funds, it now supports third-party products that meet regulatory standards, providing clients with access to digital assets while maintaining compliance.

The platform expansion enables more than 50 million US brokerage clients to trade crypto ETFs alongside other non-core assets like gold.

This could significantly increase market participation, with some predicting near-term price boosts in Bitcoin (BTC) and Ethereum (ETH).

Vanguard’s inclusion of XRP ETFs

Among the new offerings, XRP-based ETFs have generated particular excitement.

In just 11 trading days, spot XRP ETFs have recorded net inflows exceeding $756 million, with total assets under management reaching $723 million.

Remarkably, there have been no outflows, and major inflow events include $243 million during Canary Capital’s launch, $164 million tied to Grayscale and Franklin Templeton ETFs, and $89.65 million in the most recent session.

This rapid accumulation is reducing the liquid XRP supply on exchanges, potentially creating a supply shock that could influence pricing.

Mainstream finance accelerates crypto adoption

Vanguard’s pivot reflects a broader trend among traditional financial institutions embracing crypto.

Goldman Sachs, for example, is deepening its exposure through a $2 billion acquisition of Innovator Capital Management, which issues defined-outcome ETFs, including Bitcoin-linked structured funds.

The bank has rapidly increased its holdings in Bitcoin and Ethereum ETFs, totalling billions in assets, while also developing infrastructure for tokenised financial products.

Industry observers view these moves as part of a gradual yet significant integration of digital assets into mainstream portfolios, indicating that regulated, institutionally backed crypto investment is shifting from a niche to a standard.

The implications of Vanguard’s decision extend beyond immediate market activity.

By allowing access to regulated crypto ETFs, the firm is providing a channel for both retail and institutional investors to participate in digital asset markets within a familiar, compliant framework.

This could draw additional inflows, potentially reshaping liquidity dynamics and market sentiment across Bitcoin, Ethereum, XRP, and Solana.

For Vanguard, the shift represents not only a strategic response to client demand but also an acknowledgement that digital assets have become a permanent fixture in the global financial landscape.

The post Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs appeared first on CoinJournal.

XRP and Solana share the opening line of a direct industry alert from a senior Ripple executive who argues that technical maturity alone will not guarantee XRP’s relevance in the next competitive cycle. He points to Solana’s execution style as a benchmark that XRP must study and internalize to stay competitive, drive innovation, and avoid strategic setbacks.

Solana’s Edge And The Core Lessons For Ripple

Luke Judges draws on his experience in the Solana ecosystem to highlight operational lessons for XRP. Before joining Ripple, he built two startups on Solana and ran a validator managing over $30 million in staked tokens. He personally navigated the network’s full market swings from its peak near $200 to a collapse below $10 and its eventual recovery—gaining insights into infrastructure demands, validator economics, and developer dynamics that go beyond theory.

According to Judges, Solana’s growth reflects a combination of speed, practical engineering decisions, and developer-friendly onboarding. He acknowledges Solana’s weaknesses, including a falling validator count that could raise decentralization concerns, but emphasizes that these do not negate the network’s operational strengths. High transaction throughput and pragmatic design choices, he notes, continue to attract builders and support adoption, demonstrating that efficiency and practical execution can drive results even when a system is imperfect.

Judges link these observations directly to XRP’s path forward. He suggests that overlooking the strengths of competing networks creates blind spots that hinder ecosystem development. Studying Solana’s approach can help the network refine its operations, accelerate development cycles, improve tooling for builders, and align technical decisions with real-world usage patterns. These, he indicates, are essential steps for XRP to maintain competitiveness in a fast-evolving layer-1 landscape.

XRP’s Strategic And Competitive Focus

Ripple’s internal roadmap already includes critical enhancements—smart contracts, native staking primitives, and the AlphaNet rollout for XRP Ledger Smart Contracts. However, Judges’ comments signal that technical capability without a sharpened go-to-market strategy is insufficient. He points to the Ethereum Foundation’s recent tightening of its GTM approach after losing market share to Solana as an example of the stakes involved.

To address these challenges, XRP’s competitive focus comes down to three main areas. First, the ecosystem must augment its programmability track with clearly packaged developer value propositions that demonstrate tangible differentiation. Second, validator economics require forward-looking structuring to avoid the attrition dynamics now visible in Solana’s network. Third, go-to-market alignment must accelerate, converting technology milestones into momentum-building enterprise and retail narratives.

Judges’ message ultimately operates as both caution and catalyst. He frames Solana’s strengths not as threats but as operational lessons, while its weaknesses provide a blueprint for pitfalls XRP should avoid. His message is clear: the blockchain space is shifting, and Ripple’s executive team signals that the window to capture the next market cycle demands adaptation, not insulation. The underlying mandate is to learn fast, move faster, and ensure XRP remains structurally relevant in the next phase of blockchain adoption.

Momentum on Solana is compressing as the chart approaches two pivotal decision points, making the coming days especially significant. With a deeper corrective target on the macro frame and a respected support zone in the mid-range, SOL is gearing up for a move that could shape its next major trend.

This Wave Completed As Solana Signals A Larger Pullback

Elliott Waves Academy has presented a fresh perspective on SOL, focusing on the weekly timeframe. According to the analysis, SOL appears to have completed its upward wave, identified as wave (1)/(A), within a broader bullish structure. This recent break below a key level reinforces the view that a deeper corrective phase may already be underway.

Based on the wave count and Fibonacci measurements, the correction is expected to extend toward the $49.26–$32.03 range, which aligns with the 50%–61.8% retracement levels. Should SOL reach this area, a clear corrective pattern paired with a strong bounce would help validate the broader bullish thesis and suggest that buyers are stepping back in with conviction. Price behavior within this zone will be critical in determining the next major swing.

If this scenario unfolds as anticipated, a decisive breakout above the key level that was previously broken will act as confirmation for renewed upside momentum. However, a violation of the $8.00 level would invalidate the bullish outlook entirely, signaling a much deeper structural shift.

SOL Coils For Impact As Price Compresses Into A Tightening Structure

According to a recent update from CryptoPulse, Solana is shaping up for what looks like a textbook technical setup. The current structure is tightening, showing reduced volatility and signaling that a decisive move may be approaching. With SOL consolidating, the chart is beginning to align with a major technical level.

The key zone highlighted is the $133 support level, an area that has previously acted as a reliable reaction point for buyers. Real partnerships, continuous development, and increasing on-chain activity are all reinforcing this technical zone with additional weight.

Given this confluence, the strategy becomes clearer: allow price to revisit the $133 region and observe how the market responds. If buyers step in aggressively, forming wicks, bullish engulfing candles, or strong volume spikes, it could signal that the level is holding once again. 

CryptoPulse emphasizes patience above all. Instead of chasing the market, let the chart come to you. When both fundamentals and technicals point to the same area, it often increases the probability of a strong follow-through. Acting on confirmation rather than prediction is the key to building a solid position in setups like this.

• BONK ETP launches on SIX, giving European investors regulated access to the crypto.
• BONK price jumps by 3.5%, outperforming broader crypto amid technical rebound.
• Institutional demand may boost liquidity and tighten the circulating supply.

Swiss crypto ETP provider Bitcoin Capital has launched a regulated exchange-traded product (ETP) for the Solana-based meme coin BONK on Switzerland’s SIX Swiss Exchange.

This marks a major milestone for the memecoin as the ETP helps it to enter one of Europe’s largest and most established financial markets.

Expanding access to meme coins

The BONK ETP provides a bridge between the cryptocurrency community and traditional financial investors.

By creating a regulated vehicle, Bitcoin Capital makes it possible for those unfamiliar with crypto exchanges to participate in the meme coin ecosystem while benefiting from the oversight and credibility that comes with a listed product.

Marcel Niederberger, CEO of Bitcoin Capital and FiCAS AG, highlighted Switzerland’s regulatory framework and the SIX Exchange’s infrastructure as key factors in choosing the venue.

According to Niederberger, the combination of consistent supervision and developed market structures positions Switzerland as an ideal hub for launching digital asset ETPs.

For the broader crypto market, BONK’s ETP represents another step in the gradual institutionalisation of meme coins.

While Dogecoin (DOGE) has dominated the conversation in regulated markets, with ETFs and leveraged products appearing on US exchanges, BONK’s introduction to Europe reflects an appetite for thematic and community-driven digital assets.

Bitcoin Capital anticipates further expansion of regulated products referencing BONK in the coming year, including additional ETPs and structured notes, as European investors increasingly embrace digital assets within conventional investment frameworks.

Regulatory legitimacy for BONK

By bringing BONK to regulated platforms, Bitcoin Capital is opening a new chapter in the evolution of meme coins, demonstrating how niche tokens can gain legitimacy while maintaining a connection to their communities.

Notably, the Swiss crypto ETP provider will lock the underlying BONK tokens in the ETP, tightening the circulating supply and providing a level of certainty for investors often absent in purely digital markets.

This structure is expected to enhance investor confidence and attract capital from institutional desks, which historically account for the majority of inflows in Bitcoin Capital’s products.

By integrating BONK into a regulated environment, the product demonstrates that meme coins can transcend their origins as internet-driven tokens to become credible investment vehicles.

The timing of the launch is particularly noteworthy given the rapid growth of digital asset products across Europe and the United States.

Recent months have seen a surge in memecoin ETFs and structured products, including offerings tied to Dogecoin, highlighting a global trend toward regulated exposure to popular cryptocurrencies.

Following the Bonk ETP launch, the BONK price has jumped 3.5%, outperforming the broader crypto market, which rose around 2.84% today.

At press time, BONK memecoin was trading at $0.0599, and technical signals hint at a possible bullish trend, with BONK’s price reclaiming key moving averages and the RSI exiting oversold territory.

The post Crypto ETP provider Bitcoin Capital launches a BONK ETP on SIX Swiss Exchange appeared first on CoinJournal.

• About 54 billion won in tokens moved to an external wallet on Nov. 27.
• Around 12 billion won in Solaire tokens have been frozen so far.
• The breach coincided with Dunamu’s major merger plans with Naver.

Upbit, South Korea’s largest crypto exchange, is carrying out extensive security inspections after an early-morning breach on Nov. 27 led to unauthorised transfers of Solana-linked assets worth about 54 billion won.

The exchange halted all deposits and withdrawals as it began moving digital assets to cold storage and initiated a broader internal review.

The incident has renewed attention on how Solana-based tokens are secured across trading platforms and has placed pressure on Upbit to strengthen systems as the company enters a major corporate transition involving its parent firm, Dunamu.

Solana assets targeted in early transfer

The breach took place at around 4:42 am on Nov. 27 when Solana network assets, including SOL, USDC, and other smaller tokens, were moved to an external wallet without authorisation.

Upbit described the activity as abnormal withdrawals connected to the Solana network.

The exchange confirmed that roughly $37 million worth of digital assets had been affected.

Upbit immediately suspended services to stop further transfers.

It said it has identified the entire scale of the outflow and will fully compensate users by covering the amount with its own holdings.

Customer balances will not be touched as part of the reimbursement process.

To control risk, the exchange transferred assets to cold storage and started a systemwide inspection of its wallet operations, deposit channels, and withdrawal procedures.

These steps were taken to prevent any further unauthorised movement and to contain the situation while teams examined logs and asset flows.

System checks widen beyond the Solana network

Upbit said its investigation will not be restricted to the Solana ecosystem.

It is reviewing the stability and security of the complete deposit and withdrawal infrastructure. This includes a detailed audit of network connections, wallet systems, and digital asset storage methods.

The exchange has begun an emergency sweep of internal processes and is carrying out a full evaluation of whether other networks require additional protections.

Deposits and withdrawals will resume gradually once the inspections conclude and the company is satisfied with system security.

The timing has amplified industry attention.

The breach occurred one day after Dunamu announced plans for a multibillion-dollar merger with Naver’s fintech arm.

The deal, valued at about $10.3 billion, represents one of the largest corporate moves in Asia’s digital finance landscape.

Reports suggest it may support Upbit’s ambitions for a future Nasdaq listing, creating pressure for the company to demonstrate resilience during a sensitive transition.

Freeze efforts expand as authorities prepare response

Upbit has started on-chain measures to track and freeze the affected assets.

It said around 12 billion won in Solaire tokens have already been frozen, and it continues to work with related projects and institutions to stop further movement.

The exchange is tracing the remaining funds through blockchain monitoring tools and coordinating with partners to identify additional freeze points.

Authorities and law enforcement agencies are also expected to join the investigation.

Upbit has prepared to cooperate with official inquiries once they begin and has asked users to report any verified information linked to the suspicious transactions.

The company acknowledged the disruption caused by the suspension of services and repeated that member assets remain protected.

It also stressed that the entire outflow will be covered using the exchange’s own resources.

Major merger plans heighten timing pressure

The breach took place on the anniversary of a major incident in Upbit’s history.

In 2019, on the same date, the exchange lost 342,000 ETH in another high-profile theft.

South Korean investigators later connected the event to North Korean hackers.

The stolen Ether has since increased in value to over $1 billion and remains one of the largest crypto heists associated with the country.

With deposits and withdrawals still paused, Upbit plans to restore services in stages after it completes its full review.

The exchange said its priority is to secure its infrastructure across all supported networks and to strengthen safeguards around Solana-linked assets while recovery and freeze efforts continue.

The post South Korea’s Upbit hack puts spotlight on Solana security and exchange safeguards appeared first on CoinJournal.

• Lookonchain reported $436.5 million in USDC moved to Kraken.
• Project revenue fell to $27.3 million in November.
• Wallets still held over $855 million in stablecoins and $211 million in SOL.

Pump.fun’s internal fund activity has drawn intense scrutiny after pseudonymous co-founder Sapijiju challenged claims that the project cashed out more than $436 million in stablecoins.

The discussion began when blockchain analytics platform Lookonchain reported that wallets linked to the Solana memecoin launchpad had transferred large amounts of USDC to the crypto exchange Kraken.

The activity raised fears of selling pressure and uncertainty about how the project handled its reserves.

The story quickly spread across X, where users analysed the movement of funds, debated the project’s finances, and questioned the clarity of the explanations offered.

USDC flows tied to internal management

In an X post, Sapijiju said the transfers were part of Pump.fun’s treasury management process and were not sales.

The post said the USDC originated from the PUMP token’s initial coin offering and was moved between internal wallets to support the company’s runway and reinvestment plans.

The post also stated that Pump.fun had never worked with Circle.

Treasury management typically involves reorganising wallets, allocating capital, and preparing budgets, and does not always indicate selling or liquidation.

Lookonchain’s report said the transfers to Kraken had reached $436.5 million in USDC since mid-October.

The timing drew more attention because Pump.fun’s monthly revenue had fallen to $27.3 million in November, its first drop below $40 million since July, according to DefiLlama.

Despite the concerns, data from DefiLlama, Arkham, and Lookonchain showed that the Pump.fun-tagged wallet still held more than $855 million in stablecoins and $211 million in Solana SOL, which traded at $136.43.

Analysts and community respond

Nansen research analyst Nicolai Sondergaard interpreted the reported transfers as a sign that more selling could follow.

In contrast, EmberCN suggested the activity reflected institutional private placements of the PUMP token rather than active dumping.

The competing interpretations led to a broader review of the token’s performance and project structure.

CoinGecko data showed that PUMP traded at $0.002714, down 32% from its ICO price of $0.004 and almost 70% below its September high of $0.0085.

Currently, PUMP is trading at $0.002738, rising 6.9% in the past 24 hours.

The price movement added more tension to community discussions as users examined whether the treasury actions aligned with the token’s market conditions.

Across X, multiple posts highlighted the divide in sentiment.

Some users argued that the explanation raised more questions, pointing to inconsistencies and asking for clearer communication.

Others dismissed the statement entirely and linked the treasury activity to concerns about token performance and execution.

A separate group of users said Pump.fun had the right to manage its revenue, ICO proceeds, and reserves as it saw fit.

They described treasury movements as common practice after an ICO and said the main issue was whether USDC reserves properly backed the circulating supply.

Treasury structure becomes central issue

As more users examined the fund flows, the debate shifted from selling pressure to the broader structure of Pump.fun’s treasury.

The discussion focused on the scale of reserves, how the project organised its wallets, and whether the team provided enough visibility into its financial management.

The presence of more than $855 million in stablecoins indicated that large amounts of capital remained under project control, but users continued to question the timing, communication, and purpose behind the transfers.

The situation highlighted how treasury management can become a point of market sensitivity, especially when combined with falling revenue, volatile token prices, and community scepticism.

With attention across X still focused on the movements, the conversation has moved toward transparency expectations, reserve backing, and the company’s approach to supporting long-term development.

The post Pump fun treasury concerns rise as USDC transfers trigger community debate appeared first on CoinJournal.

• The altcoin braces for a recovery as it awaits a key catalyst this week.
• The first anonymous payment layer on Solana GhostPay launches on November 26.
• The debut could catalyze potential GHOST price recovery.

The countdown to GhostPay’s rollout started after the team confirmed this week’s debut in an X post.

With the first privacy payment layers launching on Solana soon, traders’ attention has shifted to GHOST’s price performance, especially as the community braces for partnership and new utility announcements.

The official announcement read:

“GhostPay officially arrives November 26. The first anonymous payment layer of Solana goes live. We’ll reveal new partners and use cases leading up to launch.

JUST IN: $GHOST announces launch date for GhostPay, the first native privacy-focused payments layer on Solana. Leading X accounts among the early supporters. pic.twitter.com/5IswselxKi

— Whale Insider (@WhaleInsider) November 24, 2025

Notably, the rollout will mark the arrival of Solana’s first native privacy-focused payment layers, a breakthrough that might transform how anonymous transactions move on-chain.

Most importantly, the team promised new collaboration and more use cases ahead of the launch.

Traders are closely watching for these updates as they could trigger bounce-backs for native GHOST.

The altcoin was among the top-performing cryptos in October, gaining over 100% for the month.

Indeed, projects offering privacy features have seen an increase in demand in recent months, with projects like Zcash outperforming gloomy broader markets.

GHOST’s utility will expand rapidly if GhostPay secures strategic partnerships with DeFi protocols, cross-chain bridges, payment processors, or digital wallets.

Notably, markets tend to reprice real-world use cases quicker, and that positions GHOST for remarkable recoveries amidst GhostPay’s potential success.

Commenting on the upcoming launch, self-proclaimed crypto multi-millionaire Gordon posted on X:

Privacy on Solana is getting loud, GhostPay is about to unlock real utility, and holders receive 100% of the fees. The flywheel is already spinning.

GHOST price outlook

The alt changed hands at $0.059 after an over 2% dip in the last 24 hours.

GHOST shed more than 5% of its value the previous week due to broader market turmoil and profit taking after its impressive October performance.

Meanwhile, the token is attempting a recovery after hitting the support around $0.0058.

GHOST has tested this zone several times, making it crucial for a possible bounce-back.

Amplified bullish actions (if GhostPay drives substantial optimism) could see the alt surging towards the obstacle at $0.0089.

That would translate to a roughly 33% uptick from Ghost’s current market price.

Broader sentiment shifts could see GHOST continue its rally to the obstacle at $0.012 and extend to $0.15.

Meanwhile, intensified selling pressure in the overall cryptocurrency market could mean subdued price actions for GHOST.

Failure to hold above $0.0058 might catalyze downtrends toward the support zone at $0.0045.

The post GHOST price outlook ahead of privacy layer GhostPay launch appeared first on CoinJournal.

• SOL price rises 2.3% as Solana teases a major announcement, sparking community speculation.
• Institutional ETF inflows and staking incentives boost SOL’s short-term momentum.
• Solana’s Alpenglow upgrade, currently in the testing phase, aims to improve network speed, efficiency, and adoption potential.

The SOL price has bounced back as Solana fuels excitement with a cryptic teaser hinting at a major upcoming announcement.

The teaser comes at a time when the cryptocurrency market is navigating volatility, and Solana’s price has not been spared as major coins drop.

Solana’s cryptic message

Solana’s official X account has dropped a brief but compelling teaser, simply stating, “Something big is coming.”

The understated message has triggered waves of speculation across social media, with analysts and enthusiasts debating the potential significance of the announcement.

Historical patterns suggest that major updates from leading blockchain networks often impact token performance, and this Solana tease appears designed to generate maximum attention.

Investors are particularly intrigued by the timing, seeing that Solana ranks among the top layer-1 blockchain networks, known for high-speed transactions and low fees, and it has been steadily expanding with DeFi and NFT projects.

Any new development from Solana could strengthen its network capabilities and enhance adoption, making this announcement even more significant.

SOL price rebounds

Following the cryptic message, SOL price has climbed 2.3% to $139.77 at press time, outperforming the broader cryptocurrency market, which has fallen by 0.2% today.

Besides the cryptic teaser, this uptick can also be attributed to a combination of institutional demand and staking-related incentives.

Solana-based ETFs have experienced a total of $265 million in inflows over the past ten days, highlighting institutional confidence as traders rotated capital from Bitcoin (BTC) and Ethereum (ETH) products into Solana (SOL).

The Grayscale Solana Trust ETF (GSOL) has also staked its holdings through institutional validators, offering investors an appealing yield of around 7%, further bolstering confidence in Solana’s ecosystem.

Technical indicators reinforce this bullish momentum with the Relative Strength Index (RSI) rebounding to 35.92 from an oversold region that seems to have encouraged tactical buying.

The altcoin’s price has also rebounded above the 7-day simple moving average at $138.42, suggesting short-term support, though resistance remains at the 30-day SMA of $168.2.

While the rebound is positive, sustained momentum will be necessary for SOL to break higher and maintain its gains.

Solana ecosystem upgrades and long-term optimism

Beyond short-term market movements, Solana is pursuing technological improvements that may shape long-term investor sentiment.

The Alpenglow network upgrade, currently in its test phase, aims to reduce transaction finality to 150 milliseconds, enhancing efficiency and scalability.

These improvements address historical congestion issues and strengthen Solana’s position among high-speed, low-cost blockchains.

Combined with staking opportunities through ETFs like GSOL, these upgrades could attract both developers and yield-focused investors, potentially increasing network adoption and overall ecosystem growth.

As the speculation builds, the combination of institutional support, technical rebounds, and staking-driven incentives is contributing to a cautiously optimistic outlook.

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• The campaign runs between 19 November and 3 December.
• Eligible users should buy or deposit SOL worth over $50 using the Crypto.com App.
• The top 2,000 participants will receive $10 in ETH each.

While the broader market seeks footing, with Bitcoin at $90,000, Crypto.com has announced a remarkable opportunity for its users.

The exchange took it to X on November 19, to confirm the official launch of the SOL App Campaign, which offers $20,000 Ethereum reward pool for participants who interact with SOL.

The SOL App Campaign is live ⚡️

Stand a chance to win from a US$20,000 $ETH prize pool by depositing or purchasing at least US$50 worth of $SOL ☀️

The top 2,000 users ranked by their SOL purchases + deposits will each earn US$10 in ETH 💠

🗓️ Ends 3 Dec

Details + T&Cs 👇… pic.twitter.com/bnMvoU1FH9

— Crypto.com (@cryptocom) November 19, 2025

Solana has been among the hottest tokens the past month, propelled by its reputation, flourishing Web3 and DeFi projects, and scalability.

Crypto.com’s campaign invites newcomers and experienced traders interested in navigating the Solana blockchain.

How does the SOL App Campaign work?

The initiative requests individuals to buy or deposit SOL tokens into the Crypto.com App throughout the campaign period.

The exchange will rank users based on their returns from the Solana deposits and purchases.

Meanwhile, the top 2,000 participants will receive ETH worth $10 each, credited to their Crypto.com App accounts within three months after the campaign concludes.

Notably, the cryptocurrency exchange will notify qualified recipients through email 14 days after completing reward distribution.

Moreover, it will apply ETH-USD’s exchange rate based on the market rate during the distribution.

With this structure, Crypto.com aims to reward only active engagement and encourage individuals to explore Solana’s benefits, including its speed and thriving ecosystems of dApps, and earn Ethereum in return.

What’s next?

Crypto.com’s Solana campaign is more than an opportunity for users to earn Ethereum.

It represents a strategic approach to enhance blockchain adoption and enrich user engagement.

Crypto.com is incentivizing user activity with tangible rewards, which will likely cement its status as an exchange that facilitates trading while actively supporting its community.

The SOL App Campaign allows individuals to interact with a flourishing blockchain and increase their ETH balances.

Solana continues to expand as a blockchain powerhouse, whereas Ethereum maintains its position as the second-largest cryptocurrency project.

Digital asset enthusiasts looking to capitalize on this opportunity can install the Crypto.com App, navigate Solana, and join the campaign.

The event will end next month, on December 3, with $20K in Ethereum up for grabs.

SOL and ETH price outlooks

The altcoins maintain bullish trajectories in attempts to recover from the latest broader market crash.

Solana has gained more than 2% over the past 24 hours to $140.

Also, Ethereum gained roughly 1.70% in that time frame to press time’s $3,091.

The duo exhibits faded daily trading volumes, reflecting the prevailing broader weakness.

Nonetheless, Tom Lee of Fundstrat expects Ethereum to bottom this week, citing its flourishing ecosystem (TVL) and its ratio with Bitcoin.

Lee trusts ETH can rebound to historic all-time highs of $12,000. Such a rally from Ethereum would mean explosive surges for altcoins, including SOL.

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