Global #Solana (SOL)

August is set to see significant crypto token unlocks, with several prominent altcoins releasing a combined value of over $3 billion into the market.

The crypto market is experiencing a significant surge in institutional investment, with crypto funds attracting an impressive $1.9 billion in inflows last week, pushing month-to-date inflows to a record $11.2 billion.

Our strategy of overweighting Ethereum (ETH) and Solana (SOL) paid off early this week as altcoins led the market rally. However, as momentum began to slow, we defensively trimmed our exposure, rotating into Bitcoin (BTC) and increasing our cash position.

HYPE, Solana (SOL), and Ethereum (ETH) are currently capturing significant attention in the crypto market, driven by a combination of meme coin hype, Layer 1 growth, and the expansion of decentralized exchanges.

As Bitcoin (BTC) navigates a period of sideways consolidation, a palpable shift in market momentum is brewing, signaling a potentially lucrative "altcoin season" in the coming one to two months.

The altcoin market is flashing green again as growing excitement around exchange-traded funds (ETFs), bullish technical patterns, and increased blockchain activity reignite investor interest.