Solana Breaks All Time High...

SOL market cap hits a new ATH, the memecoin $PORTNOY explodes and Blast goes down

Top Stories

BTC $73,348 (+0.1%) | ETH $3,973 (-2.0%) | SOL $172 (+13.4%)

  • Solana breaks $172 and hits an all-time high in market cap of $76.6B, beating the previous high back on 11/7/2021 when the price was $250

  • Bitcoin hits a new price all-time high, with BlackRock’s BTC ETF breaking the record for the fastest ETF to hit $10B. Year to date, crypto investment product inflows have surpassed inflows for the entire year of 2021

  • The memecoin $PORTNOY drops and explodes after being shared by Dave on X. After peaking at a $25M market cap, it’s now trading at just under $11M

  • Blast went down yesterday for about an hour due to the Dencun upgrade to ETH. Blast devs pushed a fix and recommended people use approved RPCs

  • Due to this, the launch of the hyped memecoin Pacmoon airdrop was pushed to today, where 70% of the $PAC token supply is going to the community

  • Elon Musk says that Tesla “should enable” DOGE payments for their vehicles, currently you can only buy merch with the token

  • MicroStrategy is raising an additional $500M to buy more Bitcoin after just closing on an $800M raise, and is now branding itself as a "Bitcoin Development Company". $MSTR hits an all-time high of $1,861

  • Bloomberg ETF analysts have dropped the probability of a spot Ethereum ETF approval in May to 30%, down from between 60-70% predicted in January

  • Investment management firm Franklin Templeton releases a paper on the value between meme coins and their native networks, such as $BONK and $SOL

  • Monad Labs, the EVM L1 competitor to ETH, is in talks to raise more than $200M at a $3B valuation, in a round led by Paradigm 

  • Magic Eden diamond rewards are now claimable by ETH OG's for transactions dating back to 2017. There is a max claim of 50K, with diamonds currently trading for ~ 8c OTC

Top Movers

ETH

BTC

SOL

Crypto

  • WIF +36% to $3.2B market cap

  • MOG +12% to $367M market cap 

  • BODEN +350% to $132M market cap

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.