Solana rallies as risk appetite returns
2025-07-16 21:28:31
Main Idea
Solana's price surged alongside Bitcoin as market risk appetite returned, driven by macroeconomic factors and crypto-specific developments.
Key Points
1. Solana (SOL) rose 13% to $174.45, buoyed by Bitcoin's rebound above $122,000 and excitement around Pump.fun.
2. CPI came in at 2.7% year over year, while PPI cooled to 2.3%, easing market concerns about imminent Fed tightening.
3. President Donald Trump urged Republicans to support the GENIUS Act and oppose a Fed-issued CBDC.
4. Bitcoin's price hovered near $120k, with steady ETF inflows and strong staking participation (66.43%) and yield (7.17%).
5. Pump.fun saw nearly 30 million trades and $1.7 billion in DEX volume, mostly in meme tokens, while Bonk led in overall trading volume.
Description
Momentum’s back — BTC leads, risk assets follow
Latest News
- Cosmos drops Hub-native EVM in sudden pivot2025-07-17 16:03:55
- Bitcoin treasury companies acquired 244,991 bitcoin in the first half of 2025: K332025-07-17 15:09:37
- Canary continues filing spree with staked Injective ETF proposal2025-07-17 13:54:29
- RWA-related M&A picks up as companies hunt for US licenses2025-07-16 21:28:51
- Solana rallies as risk appetite returns2025-07-16 21:28:31