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Stripe is reportedly nearing the conclusion of negotiations to acquire Bridge in a deal valued at $1 billion. While the agreement has not yet been finalized, sources familiar with the situation indicate this acquisition would be Stripe’s largest to date. It aligns with the company’s strategy to expand its platform to include stablecoin payments.
In a separate development, institutional investors are showing unprecedented interest in Bitcoin ETFs. According to Arkham Intelligence, over $1.38 billion worth of Bitcoin was added to ETF holdings in just three days, marking the largest weekly Bitcoin purchase in the past four months. This investment surge highlights growing institutional confidence in the future of cryptocurrency. Meanwhile, tokens across several blockchains are posting price increases. This article focuses on the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
Pluto (PLUTO) is currently valued at $0.0155, with a total market capitalization of $15.26 million. Meanwhile, TokenJungle (JUNGLE) is priced at $0.00168, with a market cap of $166.79K and a 24-hour trading volume of $741.20K. The current price of $michi stands at $0.380, accompanied by a market cap of $213.43 million and a 24-hour trading volume of $909.35.
The strong focus on practical applications is a key factor in the ongoing success of the $PEPU token presale, where more than $20.4 million worth of tokens have been sold. Additionally, the FBI has arrested an individual in connection with a fake Bitcoin post that appeared on the SEC’s X account.
1. Pluto (PLUTO)
Pluto (PLUTO) is currently priced at $0.0155, with a market capitalization of $15.26 million. Over the past 24 hours, trading volume has surged to $4.51 million, reflecting a significant increase of 46,775.36%. The circulating supply stands at 1 billion PLUTO coins, which is the total maximum supply available.
The price opened at $0.01561 and, as of the latest data, has decreased slightly to $0.01525, representing a -2.28% decline. During this period, Pluto reached a high of $0.01577 and a low of $0.01507. After an initial sharp rise in price, the market has shown a gradual downward trend, likely caused by profit-taking or reduced buying interest.
A notable spike in trading volume occurred early in the session, coinciding with the upward price movement, indicating strong buying interest. As the price declined, the volume gradually decreased as well, which could suggest that sellers are not aggressively exiting the market or that traders are waiting for more clarity on future price direction.
2. TokenJungle (JUNGLE)
TokenJungle (JUNGLE) is currently priced at $0.00168, with a market cap of $166.79K and a 24-hour trading volume of $741.20K. This marks a significant 59.04% increase in trading volume over the past day. The token has a maximum supply of 100 million coins, all of which are currently in circulation.
The price movement, as shown in the 15-minute chart from DEXTools.io, indicates that the token opened at $0.001673 and has slightly decreased to $0.001667, reflecting a modest 0.33% drop. During this period, the highest price point reached was $0.001698, while the lowest was $0.001617. Overall, the market seems to be in a consolidation phase, with alternating red and green candles suggesting uncertainty in the market’s direction.
$JUNGLE is roaring nice and steady! Even though it is a revenue generating utility, higher MC will give us more spending power on marketing & growth! pic.twitter.com/QZZTU6daFx
— TokenJungle (@TokenJungle) October 17, 2024
The trading volume throughout this session has remained relatively low, peaking at 2.957K. This lower volume could explain the muted price movements. Although there have been occasional volume spikes, these have not been enough to drive a clear trend or significant price action.
3. Michi ($michi)
The live price of $michi is $0.380, with a market capitalization of $213.43 million and a 24-hour trading volume of $909.35. This marks a notable 2,368.89% surge in trading volume over the last day. Additionally, the circulating supply stands at 555.76 million coins, which represents the maximum supply available for $michi.
There was a noticeable spike in trading volume just before the bullish price movement, with volume reaching six units. However, after this initial surge, the volume dropped significantly and stabilized at a lower level. This suggests that market activity has slowed down, indicating a temporary halt in further price movement.
The large green candlestick during the bullish surge highlights a sharp increase in the price, signaling a rise in buyer interest. After this spike, the market shifted into a consolidation phase characterized by smaller alternating green and red candles. This pattern reflects some indecision among traders, as they are testing the new price level before committing to any strong directional move.
michi has been officially listed on @RainFi_ https://t.co/KT0TpvvI0j pic.twitter.com/nYIJTkWkSK
— michi (@michionsolana) October 12, 2024
Initially, the bullish movement showed strong momentum but has since cooled down, as seen in the sideways price movement. This signals a more cautious market sentiment, with participants seemingly waiting to decide whether the uptrend will continue or if a correction will occur. The price has established some key levels of support and resistance. Resistance is observed at $0.3845, and if this level is broken with higher trading volume, further upside potential could be seen. On the downside, the price has been supported at around $0.3804. Should the price return to this level, it will test whether buyers remain active enough to sustain upward momentum.
What Might Be The Next Top Trending Crypto?
Pepe Unchained is positioning itself as a distinctive player in the meme coin sector by building the first-ever Pepe-themed cryptocurrency with its own Layer-2 blockchain, known as Pepe Chain. Developed on the Ethereum network, Pepe Chain aims to offer faster transaction speeds—up to 100 times quicker—while also reducing costs compared to Ethereum’s main network.
The project plans to launch with a range of features, including staking options, an Ethereum bridge, a decentralized exchange (DEX), and a block explorer. By focusing on providing utility, Pepe Unchained seeks to differentiate itself in the highly competitive meme coin market. This commitment to tangible use cases has likely contributed to the success of its ongoing presale, where over $20.4 million worth of $PEPU tokens have already been sold. During the presale, tokens are priced at $0.0106, and the price increases gradually in stages, encouraging early investment.
Investors can purchase $PEPU tokens using various methods, including $ETH, $USDT, $BNB, or credit/debit cards, making them accessible to a broad audience. Once the presale concludes, token claims will open, followed by a DEX listing.
One of the key features of the presale is the ability for investors to stake their tokens right away, with projected annual yields of 109%. This has resulted in over 1.46 billion $PEPU tokens being staked, which could help create a stable launch by reducing selling pressure when the tokens become tradable.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
In addition, the current market trend, driven by Bitcoin and other altcoins, appears positive, which could create favorable conditions for Pepe Unchained’s growth. Overall, with the launch approaching, Pepe Unchained presents an intriguing option for those interested in the meme coin space, offering a blend of utility and staking opportunities in an increasingly crowded market.
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