Ethereum Futures and Solana Meme Tokens are SOARING to New Heights! |𝐙𝐞𝐧 𝐂𝐨𝐢𝐧
🌐 Crypto Market Update: ETH & SOL Surge with New Trends! 🌐
In today's BlockBeats News, 𝐙𝐞𝐧 𝐂𝐨𝐢𝐧're diving into major shifts in the crypto market. 🔥 Matrixport just revealed that Ethereum's perpetual futures funding rate has skyrocketed to over 18% – the highest since May 2024! 📈 Traders are going long on ETH ahead of the U.S. presidential election, with prices now more attractive than ever. Plus, BlackRock's Larry Fink hints at a bigger role for Ethereum, showing increased institutional interest beyond Bitcoin.
But that's not all! 🚀 In the world of Solana, a new report from Wintermute shows a stunning 50% surge in on-chain weekly transaction volume, hitting $39 billion. Meme tokens like "pumpfun" are driving much of this growth, making up a massive portion of trading volume on Solana DEXs. Solana is taking the lead in token generation, with numbers climbing from 45,000 to 110,000 per week. 📊
Could this surge in meme tokens signal a shift in the crypto space? Tune in to find out how ETH and SOL are shaping up for an exciting future! 💥
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