Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention.

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Bitcoin And Ethereum Dominating Attention

Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. 

Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days.

Strategy And Dogecoin Also Generate Social Buzz

Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure.

Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21.

Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart.

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MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. 

Featured image from Unsplash, chart from TradingView

Trump Media & Technology Group (TMTG) closed a deal with Crypto.com to acquire 684.4 million Cronos (CRO) tokens, marking one of the largest corporate commitments to the digital asset so far.

The transaction, valued at roughly $178 million at current prices, was structured as a 50% stock and 50% cash exchange, according to the Sept. 5 announcement.

TMTG said it paid about $0.15 per token for the assets, which represent roughly 2% of CRO’s circulating supply.

Strategic partnership

The agreement expands a partnership designed to integrate CRO into Trump Media’s Truth Social and Truth+ platforms. The token will be used in a rewards system powered by Crypto.com’s wallet infrastructure.

The company said the arrangement also strengthens plans for its newly formed subsidiary, Trump Media Group CRO Strategy Inc., which has a pending merger with Yorkville Acquisition Corp. to create a digital asset treasury business focused on accumulating CRO.

Crypto.com will provide custody for the tokens under its institutional-grade storage program. Both the CRO tokens and Trump Media shares involved in the swap are subject to a lockup period.

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Crypto.com CEO Kris Marszalek said:

“This is the first of many steps to driving utility and value for CRO and the Cronos blockchain.”

Market and political backdrop

The purchase comes as Trump-linked ventures accelerate their push into digital assets.

Earlier this week, Trump-backed American Bitcoin began trading on the Nasdaq, while World Liberty Financial tokens made their public debut. Meanwhile, another affiliated firm, Thumzup, has outlined plans to acquire thousands of Dogecoin mining rigs.

Despite the fanfare, markets had a muted reaction to the development. DJT shares fell 1.5% to $16.51, while CRO dropped about the same percentage to $0.26.

The deal, first reported in August, could ultimately grow to $6.4 billion if Trump Media draws down additional capital from its credit line. If fully executed, it would create the largest CRO-focused treasury firm to date.

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On-chain data shows over half of the Ethereum supply is held by just 10 addresses. Here’s how other ETH-based tokens like Shiba Inu stack up.

Shiba Inu, Uniswap, & Ethereum Are Among The Most Centralized ETH Tokens

In a new post on X, on-chain analytics firm Santiment has talked about how the different assets in the Ethereum ecosystem line up against each other in terms of the amount of supply that’s concentrated on the top 10 wallets.

Below is the chart shared by Santiment that shows the trend in this metric for eight cryptocurrencies over the past few months.

Looks like SHIB is at the top of the list at the moment | Source: Santiment on X

From the graph, it’s visible that 51% of the Ethereum supply is owned by the 10 largest wallets on the network. This is more than most of the other ETH-based tokens on the list.

The two coins that are ahead in this metric are Shiba Inu (SHIB) and Uniswap (UNI). The latter is only marginally ahead of ETH with a value of 52.2%, but the former is significantly ahead at 62.3%.

Generally, a cryptocurrency’s supply being heavily concentrated on just a few hands doesn’t tend to be a constructive signal, as it means only a few players are needed to move the market.

Beyond market dynamics, supply centralization has another drawback: it potentially weakens the network security. Chains like Ethereum’s run on a consensus mechanism called the Proof-of-Stake (PoS). Under this system, validators called stakers have to lock up a stake in order to receive a chance at adding the next block to the chain.

The higher is a validator’s stake, the higher is the chance that they get picked. If a single staker crosses the 51% supply threshold, they can, in theory, gain total control over the blockchain.

This type of attack doesn’t exist on Bitcoin, where the Proof-of-Work (PoW) consensus mechanism is employed instead. In PoW networks, miners compete against each other using computing power. Here, too, however, if a validator gains control over 51% of the network computing resources, they can mold BTC to their will.

Considering that Ethereum has just 10 holders controlling 51% of the supply, an attack on the network is possible if these entities come together. The chances of it happening, though, are quite slim.

Still, the fact the likes of ETH, SHIB, and UNI are notably centralized on just a few holders could be something to watch for. In contrast, some other tokens in the ecosystem like USDC (28.6%), DAI (31%), and Chainlink (31.5%) are in a healthier zone in terms of this metric.

ETH Price

Ethereum has seen a surge of almost 4% over the last 24 hours that has taken its price to the $4,380 mark.

The price of the coin seems to have shot up over the past day | Source: ETHUSDT on TradingView

Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

September 3, 2025

SOL price prediction scenarios have intensified as Solana broke through $209 resistance levels while Galaxy Digital made blockchain history by launching SEC-registered GLXY tokens directly on the Solana network.

This marks the first time a publicly listed U.S. equity has been issued natively on a major public blockchain.

Technical analysis reveals SOL maintaining its position above key ascending support around $190-200, with multiple projections targeting $225-291 in the coming months.

Galaxy Digital Develops Blockchain Equity Integration

Galaxy Digital launched tokenized GLXY shares, allowing holders of SEC-registered Class A common stock to convert shares into native tokens on Solana.

Each on-chain GLXY represents an actual share with identical legal and economic rights as traditionally held stock, not wrapped derivatives.

The tokenization process requires KYC verification through Superstate, Galaxy’s digital transfer agent.

Only allowlisted addresses can hold or receive tokens, which is implemented to preserve shareholder records and meet AML obligations while allowing corporate actions.

Galaxy selected Solana for its speed, throughput, and growing role as a high-volume spot trading Layer-1 blockchain.

The firm emphasized primary issuance on L1 networks to preserve unilateral exits and minimize centralized control points, though Ethereum support is planned for future phases.

Trading restrictions currently limit tokenized GLXY to bilateral transfers between KYC-approved addresses.

AMM and DEX trading remains unavailable pending regulatory clarity, though Galaxy argues automated market makers should function as autonomous escrow mechanisms rather than regulated exchanges.

Ascending Support Structure Maintains Bullish Framework

As the market is gearing up, SOL’s 4-hour chart maintains its position above the key ascending trendline support that has provided a foundation throughout the rally from $120 to the current $209 levels.

The blue ascending support line confluences with the 200-period EMA around $190, which creates a strong technical foundation for continued momentum.

Similarly, the RSI reading of 14 suggests SOL approaches oversold conditions on this timeframe, potentially supporting bounce scenarios if ascending support holds.

The MACD indicator shows values around 12.26, maintaining positive momentum despite recent consolidation.

Stochastic readings of 14.1 also indicate potential for short-term upside if SOL sustains above ascending support levels.

However, momentum indicators are already at elevated levels, suggesting limited room for expansion before potential divergences develop.

This technical setup requires careful monitoring of support integrity around $190-200 zones.

Channel Projections Target $291 Following Support Retest

Daily chart analysis reveals SOL’s movement within a well-defined ascending channel structure, with September projections indicating an initial support test, followed by a resumption toward channel resistance.

SOL is currently around $208, and occupies middle channel territory with projected decline toward $190-200 support before rallying toward $240 upper boundary.

Multi-target analysis reveals SOL positioned within converging trendlines, with horizontal resistance levels marked at $174.36, $211.99, $ 224.10, and $291.04.

The current projection suggests a specific sequence involving a decline toward the $170 support level, followed by recovery, ultimately targeting $291, representing an approximately 40% gain from current levels.

Moreover, a weekly comparison to autumn 2023 price action, around $24, suggests a similar consolidation pattern may be developing at higher absolute levels.

As it stands now, SOL may be building energy for another major leg higher, potentially targeting the $400-500 range based on measured moves from the current consolidation.

The immediate focus centers on SOL’s ability to maintain above the ascending support while building momentum for an assault on the $225-240 resistance zone.

A successful break above these levels would validate more optimistic projections toward $291 and beyond.

Is Snorter the Next 100x Telegram Bot Everyone’s Using?

While SOL prepares for a potential breakout toward new highs, this new trading bot is already showing strong presale performance.

Smart traders know that finding the right utility token early can lead to massive returns during bull markets.

Snorter is getting attention because it makes Solana trading faster and safer. The bot works inside Telegram and can buy tokens in under one second using private RPC connections.

The presale has raised over $3.6 million so far. Early buyers can earn around 127% staking rewards for holding their coins.

Above all that, here’s what matters: the best trading tools get adopted quickly once they prove they work.

Snorter launches fully in Q3 2025 with features like copy trading and rug pull protection. This means you should buy soon if you want presale prices.

You can buy SNORT tokens on their website using SOL, ETH, USDT, or credit cards.

Visit the Official Website Here