The REX-Osprey Solana staking ETF (SSK) surpassed $200 million in cumulative flows for the first time on Sept. 11, amid Solana’s (SOL) strong price action.

Trading under ticker SSK, the fund struggled with adoption during its initial months, recording zero activity on four of six trading days through Aug. 8, according to Farside Investors data.

The pattern reflected broader institutional hesitation toward Solana-focused investment products compared to Bitcoin and Ethereum alternatives.

Analysts attributed the slow start to structural complexity rather than demand deficiencies.

Additionally, the fund operates outside standard SEC-registered spot ETF frameworks, incorporating staking mechanisms and offshore ETF allocations that differentiate it from traditional cryptocurrency products.

At 0.75% annually, SSK’s management fee positions at the higher end of crypto ETF expense ratios compared to major Bitcoin and Ethereum funds charging 0.15% to 0.25%.

Shifting tides

However, institutional sentiment shifted in late August, following announcements about corporate Solana treasury strategies.

Galaxy Digital, Multicoin Capital, and Jump Crypto announced they were pursuing $1 billion to assemble a Solana treasury through a public company vehicle, with Cantor Fitzgerald serving as lead banker.

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The companies committed cash and stablecoins to Forward Industries, which closed a $1.65 billion private placement on Sept. 11.

In addition, SOL Strategies secured Nasdaq approval to begin trading on Sept. 9 as a Solana-first investment vehicle.

Institutional flows

Institutional flows reflected the momentum shift. Solana exchange-traded products (ETPs) registered $177 million in inflows during the week of Aug. 25-29, representing the largest altcoin flow excluding Ethereum.

The first week of the month saw Solana products dominate altcoin flows with $16.1 million, while Ethereum ETPs experienced $912.4 million in outflows. The institutional interest coincided with Solana’s growth in its DeFi ecosystem.

DefiLlama data shows that Solana crossed $13 billion in total value locked for the first time on Sept. 12.

This backdrop provided fundamental support for a price advance that lifted SOL by 20% in September. On Sept. 12, SOL grew 5.5% to reach a $241.84 high, its highest price level since Jan. 30.

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04 September What is high lipids (hype)?

High lipids are decentralized permanent futures exchanges built on the proprietary Layer-1 blockchain, HypereVM, optimized for speed and trading performance. Fully on-chain order book, subsecond finality, and advanced tools like leverage and permanent contracts all provide KYC without the need for KYC. By combining decentralization with the ease of use of traditional trading platforms, high lipids bridge the gap between DEX and CEXS, providing transparency along with dispersion efficiency.

In 2025, high lipids emerged as a major force in the crypto market, particularly in eternal futures trading. According to Coingecko, its trading volume reached around $653 billion in the second quarter, capturing a 73% share of its decentralized, permanent platform. The platform outperforms established players like Robinhood in trading volume, reflecting its rapid growth and growing sector advantage, according to Mitrade.

The long-standing disparity between decentralized and centralized exchanges is defined by trade-offs. CEX offers liquidity and speed, but requires custody, while DEX provides transparency, but often suffers from inefficiency. High lipids challenge this dichotomy by providing both decentralization and capital efficiency. The on-chain order book, low fees and fast payments reflect the ease of use of CEXS, while maintaining user control of the assets, indicating the change in what traders expect from the Defi platform.

Several factors distinguish high lipids as one of the most popular trading platforms this year. Layer-1 blockchain design with HyperBFT consensus allows for high throughput and sub-second execution. The community-focused model, which emphasized fair hype token airdrops and venture capital backing, has encouraged adoption among retailers and professional traders. As CCN and GetBlock pointed out, on-chain transparency, advanced capabilities and accessibility blends solidify their position as a major platform for high liquids in 2025, representing the new hybrid standard for crypto trading.

What is a Hype Advertising Token?

Hype tokens act as the basic utility token for high lipid blockchains and serve an important function that allows platform manipulation and community participation. Hype owners can engage in governance by suggesting and voting for protocol upgrades and changes, and strengthening the community-driven development model. Additionally, hype is used for staking, which helps to protect your network while earning rewards. It is also often used for trading fees, such as Hyperev gas and exchange trading fees, with discounts.

To promote active users’ participation, high lipids implement staking rewards and tiered fee discounts. Hype leads to 5% off for over 10 hype and up to 20% off for over 10,000 hype. The platform also incorporates a deflation mechanism through a buyback and burn programme funded by a portion of the protocol fee revenue. This model can help reduce circulating supply over time and may support token value through sustained demand.

The hype was launched in late 2024 via community-centric airdrops, with 31% of the 1 billion supply being distributed to early users, making it one of the biggest defi airdrops to date. The remaining supply will be allocated to future emissions (38.888%), core contributors (23.8%), hyperfoundation (6%), and community grants (0.3%). As of March 2025, the hype has reached a market capitalization of over $4.4 billion, with approximately 333 million tokens being circulated.

Hype talk nomics

How to buy hype with code

1. Log in or sign up to create a Bitfinex account.

2. You will be taken to the deposit page.

3. In the Cryptocurrency section, select the crypto you plan to purchase the hype and generate a deposit address in your Exchange wallet.

4. Send Crypto to the generated deposit address.

5. Once your funds arrive in your wallet, you can exchange them for hype. Learn how to trade with Bitfinex here.

How to buy fiat and hype

1. Log in or sign up to create a Bitfinex account.

2. To have Fiat deposited into your Bitfinex account, you must obtain a full verification. Here you will learn about the various levels of verification.

3. On the Deposit page, under the Bank Wire menu, select the Fiat currency for your deposit. Bitfinex’s Fiat deposits have a minimum amount. Click here for details.

4. For more information about the wire, please check the Bitfinex registration email.

5. I’ll send you the funds.

6. Once your funds arrive in your wallet, you can use them to purchase hype.

Also, with Bitfinex on your mobile, you can easily buy hype currency while you’re out.

(AppStore) (Google Play)

Hype Community Channel

Website| X (Twitter) |Discord|Telegram|github

02 September Bitfinex lists hype, high lipid native tokens

Road Town, Tortola, British Virgin Islands – September 2, 2025 – Bitfinex, a premier digital asset trading platform (https://www.bitfinex.com/), announced today that it will be listed Hypenative tokens High fatLayer-1 blockchain designed for chain distributed transactions at high speed and low latency.

Founded in 2022, Hyperliquid is a Layer-1 blockchain designed to combine the speed of centralized exchange with decentralized financial transparency. Its HyperBft consensus protocol is said to be designed to provide ultra-fast confirmations, claiming that transactions are confirmed in an average of 0.2 seconds. The network also includes HypereVM, an Ethereum-compatible running layer protected by the same consensus.

Hype, the native token for Hyperliquid, was launched via Genesis Airdrop in November 2024, and distributed 310 million tokens (31% of the billion supply) to early community members, not allotting to private investors or exchanges. Hype is used to enable staking, on-chain governance for HypereVM and to protect your network to pay transaction fees.

“Hyperliquid’s design for fast, transparent on-chain transactions is consistent with an approach to listing innovative projects. Adding hype is part of our commitment to providing customers with access to a wide range of digital assets.” said Anoush Bhasin, Bitfinex’s listing director.

Hype deposits are expected to open UTC on September 2, 2025 at 1:30pm. This is subject to network conditions. The transaction is scheduled to begin at UTC on September 4th at 1:30pm, subject to liquidity requirements being met. Hype will be traded against US dollars (High/USD) and tether tokens (High/USDT).

To gain access to hype with Bitfinex, customers can visit https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating their www.bitfinex.com account (as defined in TOS).

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. In addition to a range of advanced trading capabilities and charting tools, Bitfinex offers access to peer-to-peer financing, the OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

Bitfinex media contacts

(Email protection)

Please see the official logo and branding.

https://www.bitfinex.com/press/#press-downloads

]]> https://earlybirdsinvest.com/bitfinex-lists-hype-high-lipid-native-tokens/feed/ 0 56411 https://earlybirdsinvest.com/bitcoins-realized-capitalization-climbs-to-record-high-even-as-spot-price-drops/ https://earlybirdsinvest.com/bitcoins-realized-capitalization-climbs-to-record-high-even-as-spot-price-drops/#respond Mon, 01 Sep 2025 16:37:53 +0000 https://earlybirdsinvest.com/bitcoins-realized-capitalization-climbs-to-record-high-even-as-spot-price-drops/

Solana Is Now Observing 5.8 Bullish Comments For Every Bearish Post

In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for Solana. This indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media platforms.

The metric uses a machine-learning model to judge whether a given post/thread/message is positive or negative. Once it has separated the texts into the two categories, it counts them up and finds their ratio.

Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months:

As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up.

Currently, there are 5.8 positive posts appearing for every negative post. This is the highest that the ratio’s value has been since June 11th, more than two months ago.

The rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past week. While some excitement after rallies is normal, an excess of it can be something to watch out for. This is because digital assets have historically tended to move in a way that goes contrary to the expectations of the majority.

This means that a large amount of hype among social media users can lead to tops. Similarly, widespread fear can facilitate the formation of a bottom. With the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana rally.

In some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development Activity.

The “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub repositories.

Below is a table that shows the 30-day value of the metric for the top projects in the SOL ecosystem.

It would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of 138.37. Wormhole (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, respectively.

SOL Price

At the time of writing, Solana is trading around $212, up 1.6% over the past day.

Solana’s token SOL has pushed to levels not seen since February, lifted by renewed community confidence in a major network proposal.

Data from CryptoSlate shows SOL briefly rose above $215 this week, gaining more than 6% in the last 24 hours before easing slightly to $214 as of press time. This rally placed the token back at its strongest point since early February, when it last traded near $216.

According to analytics firm Santiment, retail sentiment has turned sharply positive, with investors making nearly six bullish comments for every bearish one. Notably, this is the highest ratio recorded in over two months.

Meanwhile, this price momentum has come despite slowing activity on Solana’s decentralized exchanges.

A Dune Analytics dashboard shows that the network’s daily active traders have dropped by more than 80% from January’s memecoin-driven peak of 5 million. For four straight days, user numbers have remained below the one million mark.

This decline reflects a clear pivot among retail investors on the network towards other blockchains like Ethereum.

Alpenglow update

The latest price momentum coincides with early community support for SIMD-0326 Alpenglow, a proposal described as one of the most significant consensus upgrades in Solana’s history.

The proposal seeks to simplify the network’s architecture by removing legacy components such as Proof of History, Tower BFT, and gossip-based vote propagation.

If implemented, the upgrade would reduce block finalization times to about 150 milliseconds, placing Solana in line with other high-speed platforms designed for trading applications.

Notably, Solana co-founder Anatoly Yakovenko has publicly encouraged the community to support the proposal, describing it as a key step forward.

Unsurprisingly, early voting data indicate strong backing for the change, with 11.6% of Solana stakers endorsing Alpenglow, while only 0.1% have opposed it. Around 100 validators have already cast votes.

The community’s response suggests growing confidence that the network can deliver faster and more reliable performance at scale, even as retail trading activity undergoes a reset from its memecoin-driven highs.

Mentioned in this article

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin: Powell brings bearish lower high

Bitcoin BTC$111,747.10 has retraced to levels last seen before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which set expectations for a potential rate cut in September.

At the time of writing, BTC is trading just above $112,000, having peaked at around $117,440 on Friday. Technical scrutiny of the daily chart reveals that the pullback from the $117,000 peak has established a lower high in close proximity to the resistance line defined by the previous bullish trendline originating from the April lows.

This lower high reinforces the prior trendline breakdown, signaling a continuation of bearish price action. Complementing this observation, the Guppy Multiple Moving Average (GMMA) indicator is poised to confirm a bearish momentum shift, highlighted by the imminent crossover of the short-term exponential moving averages (white band) below the longer-term averages (red band).

On the weekly chart, the MACD histogram has initiated the new trading week with a sub-zero reading, highlighting the potential acceleration of downward momentum.

In summary, what do you say about a market that not only resists a sustainable rally on the back of favorable news – such as Powell’s speech – but also maintains a series of bearish technical patterns? I’ll leave it to the readers’ discretion.

Key technical support lies at the $110,756 level, corresponding to the lower boundary of the Ichimoku cloud, with a more substantial support zone marked by the 200-day simple moving average near $100,000. Conversely, reclaiming Friday’s high of $117,440 is essential to resurrect the bullish case.

• Support: $110,756, $100,887, $100,000.
• Resistance: $117,440, $120,000, $122,056.

Ether: Loss of upward momentum

Ether (ETH) printed a doji candle with a prominent upper wick on Sunday, signaling market indecision at record highs. This candlestick pattern forms when the opening and closing prices converge, reflecting a stalemate between buyers and sellers.

However, the relatively long upper shadow, in this case, means that the bull’s attempts to push prices higher faced significant pushback from bears, who managed to pull the price back down before the close.

While the doji itself does not guarantee a reversal, it highlights uncertainty and a possible loss of upward momentum. It warrants caution as it often precedes a potential reversal or a consolidation phase where the market awaits further catalysts for direction.

A pullback appears likely, as the 14-day relative strength index continued to print lower highs over the weekend, contradicting the new price high. The so-called bearish divergence indicates a loss of upward momentum and often yields corrections.

Interestingly, ether traded 3% lower on the day at $4,624 at press time, with charts indicating support at $4,065, the level from which ETH turned higher on August 20.

• Support: $4,065, $4,000, $3,805 (the 50-day SMA).
• Resistance: $5,000, record highs.

Read more: Bitcoin Reverses Powell Spike With a Flash Crash as Options Market Signals Jitters Ahead