Bitwise registered a Dogecoin trust in Delaware earlier this month, but its latest filing makes its bid to launch a Dogecoin ETF official with the SEC.
As Bitcoin embraces the Lunar New Year in 2025, the interplay of cultural tradition and digital finance creates a unique backdrop for crypto enthusiasm. The increasing trading volume and emergence
From digital red packets to memecoins, Bitcoin continues its love affair with Lunar New Year in 2025.
The post $100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report appeared first on Coinpedia Fintech News Amid the ongoing market decline, Solana (SOL) is gaining attention from crypto enthusiasts due to its current price action on the daily time frame. On January 29, 2024, the blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale had moved a significant 220,308 SOL worth $52 million. Crypto Whale Moves $52 Million of SOL This substantial amount of SOL was transferred from the cryptocurrency exchange Bitfinex following the opening bell of the United States market. However, analysts and experts view this transaction as an accumulation by the whale as the asset experiences a significant price decline. 220,308 #SOL (52,008,327 USD) transferred from #Bitfinex to unknown wallet https://t.co/pOUUWPxJ4y — Whale Alert (@whale_alert) January 28, 2025 Despite the whale’s potential accumulation, SOL’s price has continued its downward trajectory, struggling near $227 with a 2.56% decline in the last 24 hours. According to on-chain data from Coinglass, the sentiment among traders remains strongly bearish, with a Long/Short ratio of 0.77. This indicates that 57% of top traders are holding short positions, compared to 43% with long positions. Traders’ Strong Bearish Sentiment However, not just participation has declined but intraday traders also seem to be betting on the short side, as revealed by the on-chain analytics firm Coinglass . At press time, SOL’s Long/Short ratio stands at 0.77, indicating strong bearish sentiment among traders. Further data reveals that 57% of top Solana traders hold short positions, while 43% hold long positions. Source: Coinglass When combining these on-chain metrics, it appears that potential long-term holders are accumulating, taking advantage of the current price decline. Meanwhile, intraday traders seem to be capitalizing on the prevailing market sentiment, leading to notable bets on short positions. $100 Million Worth of SOL’s Short Positions The current market sentiment appears to be bearish, with short-sellers holding over $100 million worth of bets on short positions at $235. Source: Coinglass Meanwhile, bulls seem exhausted, holding only $40 million in long positions at the $215 level, which could be easily liquidated if the sentiment remains unchanged and prices continue to decline.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu millionaire forecasts SHIB’s next move, with Pudgy Penguins and Rexas Finance coins set to replicate its performance. Table of Contents Shiba Inu’s 2022 low and its next move Pudgy Penguins Rexas Finance A Shiba Inu millionaire who precisely foresaw the token’s 2022 cycle low is projecting its next significant movement. On this note, two new tokens — Pudgy Penguins (PENGU) and Rexas Finance (RXS) — are gathering momentum as possible game-changers ready to mirror SHIB’s explosive climb in the next bull run. Shiba Inu’s 2022 low and its next move Shiba Inu dropped hard through the downward phase in the crypto market in 2022, reaching its low in October at $0.00000793. Against its apex in 2021, this was a 90% drop. Despite the downturn, a Shiba Inu investor has now projected SHIB’s next significant price movement. The investor speculates that SHIB will be ready for liftoff to $0.000056 once the next bull market starts. Although SHIB is currently at $0.000018, down 17.67% over the past 60 days, the millionaire feels its market orientation and foundations are still intact. He believes SHIB might use its strong community and growing use cases as the crypto market picks up fresh impetus. You might also like: This Cardano competitor priced below $1 looks set to reach $10 in 5 weeks Pudgy Penguins Pudgy Penguins has become well-known among competitors who aim to imitate Shiba Inu’s explosive ascent. Thanks to its active community and cultural relevance, this token has piqued the interest of the crypto community. Its branding has exceeded the usual crypto audience, with big businesses using the recognizable penguin picture in commercials. Pudgy Penguins, with over 50 billion views and millions of followers online, has established itself as a community-driven project with great expansion possibilities. The token’s price performance emphasizes its momentum even more. PENGU currently trades at $0.01602, climbing by over 220% in the last year. The meme coin might follow in SHIB’s footsteps, using its rising popularity and strong community to drive an even more substantial price increase as the market prepares for a possible bull run. Rexas Finance Rexas Finance is an exciting underdog with the potential for SHIB-level gains. Priced at $0.175 in its 11th presale stage, RXS presents a unique value proposition that has enthralled investors. Unlike speculative meme currencies, Rexas Finance is firmly anchored in practical value, looking to enable users to tokenize real-world assets effortlessly. From real estate and goods to art and commodities, RXS seeks to transform the buying, selling, and management of assets worldwide. Since the start of its presale, Rexas Finance has shown remarkable growth. Having generated over $39.32 million so far, RXS has jumped over six times from its starting presale price in only three months. This consistent increasing momentum increases investor confidence in the project’s long-term viability. Rexas Finance could lead as the crypto market moves in 2025 because it combines affordability, creative use cases, and strong presale performance. Analysts suggest RXS might hit the $250 level and potentially exceed many major tokens in terms of returns. To lean more on Rexas Finance, visit their website , whitepaper , X , or Telegram . Read more: 2025’s leading crypto presale with growth potential revealed Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The MOVE token has experienced a significant surge of 15% fueled by swirling rumors of Movement Labs’ involvement with Elon Musk’s D.O.G.E. project. Adding to the momentum, World Liberty Financial
Why THE NEW OFFICIALMAGACOIN and Solana Are Crypto’s Hottest Tokens Bitcoin (BTC) may dominate as the leading crypto, but THE NEW OFFICIALMAGACOIN is taking center stage alongside Solana (SOL) as one of the most exciting opportunities of 2025. As a new coin in the market, THE OFFICIALMAGACOIN raised $1 million in minutes during its presale, drawing comparisons to early-stage BTC. While tokens like NEAR, LINK, ETH, and AAVE are solid picks, investors are shifting their focus to this new entrant with the potential to generate $10,000 returns in just 30 days. What’s Driving Demand for OFFICIALMAGACOIN? 1. Early-Stage Growth Potential As a newly launched coin, THE OFFICIALMAGACOIN offers investors the chance to capitalize on ground-floor opportunities. Its explosive presale performance proves its appeal as a high-potential investment. 2. Exclusive Availability Unlike SOL, ETH, or NEAR, which are widely available, THE OFFICIALMAGACOIN is sold exclusively at OFFICIALMAGACOIN.COM. This exclusivity drives urgency among investors eager to secure their share. 3. Huge Short-Term Upside With its rapid growth and strong community support, THE OFFICIALMAGACOIN is poised to deliver significant returns in a short timeframe, making it a favorite for investors looking for fast profits. OFFICIALMAGACOIN Against Competitors Solana (SOL): A proven blockchain for speed and scalability, but it can’t match the early-stage growth of OFFICIALMAGACOIN. Ethereum (ETH): A reliable leader, but its returns are unlikely to match this new coin’s potential. NEAR Protocol: Innovative but lacks the exclusivity and momentum of OFFICIALMAGACOIN. AAVE: A leader in DeFi, but its mature market doesn’t offer the explosive upside of this newcomer. Secure Your Position Today As THE NEW OFFICIALMAGACOIN and Solana heat up, don’t miss your chance to secure this game-changing token. With its presale success and explosive potential, this new coin could be your path to $10,000 in just 30 days. Get your tokens now, exclusively at OFFICIALMAGACOIN.COM Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: $10,000 in 30 Days? THE NEW OFFICIALMAGACOIN and SOLANA Are Heating Up!
Countries are adopting strategic Bitcoin reserves influenced by U.S. policies. Continue Reading: States Propel Forward with Strategic Bitcoin Reserves The post States Propel Forward with Strategic Bitcoin Reserves appeared first on COINTURK NEWS .
Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock exchange. Earlier this month, investment managers Rex Shares and Osprey Funds filed paperwork for several crypto ETFs, including dogecoin among other memecoins. However, Bitwise’s filing differs in that it is filed under the ‘33 Act as opposed to the 40 Act, which Rex and Osprey filed under, Bloomberg Intelligence senior ETF analyst Eric Balchunas pointed out . S-1s filed under the ‘33 Act are typically used for niche, commodity-based ETFs while filing under the 40 Act provides stronger investor protection as it requires the issuer to meet further SEC rules. The 40 Act, for example, limits leverage and short-selling and requires stricter fiduciary oversight and governance, among other things. Bitwise is the issuer of several crypto ETFs and has several applications pending, including one for an XRP (XRP) ETF . While the S-1 documents is a first step in launching an ETF, the more crucial filing is the 19b-4, which is required to signal a requisite rule change at the stock exchange seeking to list the investment and ties the SEC to a strict deadline. While memecoin ETFs were a nearly unthinkable investment vehicle under Gray Gensler’s SEC, which gave issuers a hard time launching a spot bitcoin ETF, the possibility of such funds now seems more likely than ever after the inauguration of President Donald Trump. Not only has Trump promised crypto-friendly policies, but after the launch of his own memecoins , TRUMP and MELANIA, it’s become clear that the President himself is a fan of memecoins.
Bitcoin’s recent price surge, now approaching historical highs, reflects increased buying pressure and a favorable market sentiment that is raising investor optimism. As institutional interest grows and regulatory landscapes become