🚀 Week in Solana: Spot ETFs Cook, SOL Sinks to 5-Month Low SOL dropped 16% to $138, hitting a 5-month low! Selling pressure mounts from Alameda unlocking $30M SOL tokens! Despite this, Solana spot ETFs cook! Solana derivatives hit a new ATH in October! Here's this week's breakdown 🧵 1/6

📊 Market Overview: Solana’s ecosystem market cap slipped 15% to $189.3B. Institutional interest surges despite price dips. Spot ETFs attract smart money with 14 consecutive days of inflows. 2/6

🏗️ DeFi & Ecosystem Metrics: Solana’s TVL dropped 11% to $9.3 billion. Top 5 DeFi blockchains are in the red. Weekly DEX volume sank 35% but 30-day cumulative figure stays above $120 billion. The win: Solana derivatives clock a new ATH - $65 billion in October. 3/6

🏛️ Sector Moves 🔹 @vaneck_us Solana ETF is live, with SOL Strategies providing staking services. 🔹 @CashApp plans stablecoin payments on Solana, launching next year. 🔹 @Fidelity’s Solana ETF cleared NYSE approval, ready for launch soon. 🔹 Figment + OpenTrade launched a Solana stablecoin yield product targeting 15% APR via hedged staking. 4/6

🎯 Performance Highlights: 🔹 The Official 67 Coin (67): +954.52% 🔹 Surge (SURGE): +47.92% 🔹 Zera (ZERA): +46.81% 🔹 Alchemist (ALCH): +25.13% 🔹 Meteora (MET): +13.05% 5/6