The prices of Solana and XRP experienced significant declines as U.S. President Donald Trump made key tariff announcements. Bitcoin's decline also affected other altcoins, while traders assessed developments in artificial intelligence and the hype surrounding Solana and XRP ETFs. On-chain metrics for Solana show a decline in activity and participation, with fewer active addresses and new addresses. Solana's total value of assets locked (TVL) has also dropped. XRP's decline is attributed to a broader market correction and concerns over inflationary pressures. Ripple's CTO expressed optimism about the new administration's potential to resolve the SEC's lawsuit against Ripple. Traders remain bearish on the outlook for both Solana and XRP. Derivatives data shows significant liquidation of crypto derivatives. Solana's long-term trend remains upward, but technical indicators support a bearish outlook. The meme coin ecosystem has contributed to Solana's market capitalization growth. Expert voices offer insights on meme coins and the potential for altcoin ETF approvals in 2025, which could drive capital inflows and price increases.



Other News from Today