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Pump.Fun, known for its low-cost token issuance, has seen impressive growth, pocketing over $550 million in fees since March 2024. What do you think about this potential shift? Share your thoughts in the comments!

- SOL's price has slid 46% recently, and with a major token unlock on March 1, releasing 11.2 million SOL, volatility is expected. - Traders are hedging against potential price drops, with 80% of block-trade volume in puts. What are your thoughts on SOL 's future? Share in the comments! 💬

- OpenSea's CEO, Devin Finzer, hailed this as a win for innovation, arguing that classifying NFTs as securities would hinder progress. - Chris Akhavan from Magic Eden echoed this sentiment, emphasizing the shared belief in the potential of NFTs. This development has sparked increased activity in the NFT space, with LooksRare's token, LOOKS, seeing a significant rise. What are your thoughts on the SEC's decision? Drop your comments below!

Analysis: Whales betting on $SOL puts due to impending SOL token unlock event As multi-billion dollars worth of Solana (SOL) will be unlocked in the near future, whales are betting on SOL puts on crypto options exchange Deribit, CoinDesk reported, citing data from Amberdata. Deribit recorded a sum of $32.39 million in SOL block trades last week, accounting for almost 25% of the total options volume. Block trades are typically associated with whale activity in the options market, that is, whales are trading primarily SOL puts to hedge against or profit from a potential decline in the SOL price. Greg Magadini, director of derivatives at Amberdata, noted that nearly 80% of the SOL block-trade volume was centered on put options. By contrast, there were only 40% puts for BTC and 37.5% puts for ETH during the same period. Lin Chen, Deribit's Head of Business Development for Asia, also underscored that the upcoming SOL token unlock event on March 1 will lead to significant selling pressure. By that time, 11.2 million SOL (2.29% of the total SOL supply) is scheduled to be unlocked, representing approximately 59% of SOL's daily spot trading volume. As a result, it is natural to see increased demand for SOL puts to hedge against further drops in the SOL price, Chen added.

Litecoin whales have shaken the crypto market to its core on Saturday, embarking on a massive buying spree amid the latest ETF advancement. Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market has also seen Canary Capital’s LTC ETF on the Depository Trust & Clearing Corporation (DTCC) recently. 🔸 #Litecoin Whales Buy Heavily, Investors Bullish Amid ETF Development According to an X post by Ali Martinez on February 22, Litecoin whales acquired 930,000 tokens in the past two weeks. This data reverberated substantial market optimism for the crypto, underscoring heightened buying pressure despite the broader market turbulence. Notably, crypto whales are large-scale investors with considerable trading experience in the market. Their trade maneuver to accumulate coins surfaces as bullish news, underlining market confidence in the token’s potential to gain on the back of recent developments. 🔸 Canary Capital’s ETF Emerges On DTCC The latest ETF development for the token has solidified hopes of an approval ahead. CoinGape reported that Canary’s LTC ETF appeared on the DTCC platform under the ticker LTCC this week. This saga has solidified investor bullishness as an exchange-traded product backed by the crypto may be available soon. Also, renowned ETF analyst Eric Balchunas further anticipated that there is a 90% chance of approval in 2025. The Litecoin whale accumulations amid this bullish event have further boosted the coin’s market sentiment, indicating potential gains ahead. 🔸 #LTC Price Eyes Rally? However, despite the massive buying, LTC price tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours. The weekly chart for the token also illustrated a 3% drop. This waning action primarily falls in with the broader crypto market volatility.