1. Solana (SOL) Overtakes BNB to Claim Fourth Spot in Market Cap
On Sunday, December 24, Solana achieved a remarkable milestone by surpassing Binance Coin (BNB) in terms of market capitalization, securing the fourth position in CoinMarketCap’s ranking. Currently valued at $50 billion, Solana has outpaced BNB, which trails at $40.6 billion. This achievement coincides with a broader crypto market rally, with SOL‘s price surging to $119, marking an impressive 67.3% increase over the past seven days. Solana has also outperformed major cryptocurrencies like Bitcoin and Ethereum in trading volumes on Coinbase (NASDAQ: COIN). Notably, Solana’s decentralized exchange (DEX) volumes have soared, exceeding all other chains with a staggering 3,078% higher volume than Ethereum.
2. Bitcoin (BTC) Sets New All-Time High with Over 50 Million Addresses
In a significant milestone, Bitcoin has surpassed 50 million addresses, signaling increasing user adoption and widespread recognition of its legitimacy as an asset class. The average holding per Bitcoin user now stands at around $16,000, indicating significant implications for future price performance. Bitcoin’s recent all-time high underscores the confidence that both users and investors place in the asset. The growing number of addresses serves as a bullish indicator of market strength, laying the groundwork for potential future growth.
3. Shiba Inu (SHIB) Witnesses Eight Trillion Token Withdrawal
Shiba Inu experienced a major development as more than eight trillion SHIB, equivalent to approximately $88 million, was withdrawn from exchanges. This significant shift in token distribution suggests potential changes in investor sentiment toward Shiba Inu. Detailed analysis of transaction counts by size reveals diversified activity within the Shiba Inu trading community. Transactions ranging from $0.00 to $1.00 increased by 25.71% over a 30-day period, while larger transactions above $1 million saw a notable 150% rise. The highest recorded transaction volume in a single week reached 15.34 trillion SHIB, totaling $158.1 million, indicating active engagement from both retail and large-scale investors with the SHIB token.
