Ripple Secures Victory, ETH Surges, But Solana Faces Setback

Key Points

1. Ethereum (ETH) is priced at $3,959, while Bitcoin (BTC) remains robust at $116,136, but Solana (SOL) faces challenges at $176.

2. Solana's treasury company, led by Joe McCann, canceled a billion-dollar SOL Coin purchase plan after McCann's hedge fund, Asymmetric, suffered an 80% loss this year.

3. Despite the setback, Solana remains popular and strong in the smart contract space, with potential for other companies to build SOL Coin reserves.

4. SOL Coin's price action shows it surpassed $168, with possible resistance tests at $4,000, and key support levels at $168 and $155.

5. The ETH/BTC pair remains at 0.034, with BTC above $116,000, and incoming news will be pivotal in the coming hours.