Solana surged by 40% over the past week, climbing to nearly $110 on August 28, its highest level since January, with a market capitalization of roughly $61 billion. Ethereum briefly surpassed $2,500, prompting analysts to turn more bullish, especially as 1.4 million coins have been withdrawn from exchanges since June. Bitcoin has been hovering in the $79,000-$81,000 range, with some observers warning it could drop toward $60,000 if it fails to break above $82,000. Spot Solana ETFs recorded eight consecutive green days, while whales have spent millions re-entering the SOL ecosystem.
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