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Solana signals 40% crash versus Ethereum amid cooling memecoin craze
Crypto Trends

Solana signals 40% crash versus Ethereum amid cooling memecoin craze

by admin May 29, 2025



Key takeaways:

  • SOL/ETH has broken below a rising wedge pattern, signaling a potential 40% decline.

  • Solana’s memecoin revenue has collapsed since April, weakening its core value proposition.

  • Standard Chartered warns Solana may underperform as Ethereum’s L2 ecosystem grows more competitive.

Solana’s (SOL) multiyear outperformance against Ethereum’s native token, Ether (ETH), is losing momentum, with technical breakdowns and weakening onchain activity pointing to a potential sharp decline in the SOL/ETH pair next.

SOL enters rising wedge breakdown stage

As of May 29, the SOL/ETH pair has confirmed a breakdown from its multimonth rising wedge pattern, a bearish structure that often precedes significant declines.

In technical terms, a rising wedge breakdown typically results in a drop equal to the pattern’s maximum height.

SOL/ETH weekly price chart. Source: TradingView

For SOL/ETH, this projects a downside target for July, near 0.038 ETH, representing a 40% decline from current levels.

The 50-week exponential moving average (50-week EMA; the red wave) around 0.0628 ETH is offering interim support. A decisive weekly close below this level would likely confirm the bearish continuation toward the 0.038 ETH target.

A bounce, on the other hand, could have SOL reclaim the wedge’s lower trendline as support, which may delay the breakdown scenario. Breaking above the wedge’s upper trendline will likely invalidate the 40% crash setup altogether.

Cooling memecoin frenzy hints at SOL/ETH crash

The breakdown in SOL/ETH aligns with a visible decline in memecoin-driven activity on Solana.

A key indicator is Pump.fun, the largest memecoin launch platform on the network, which shows a sharp drop in daily fee revenue since early April.

Daily fees peaked in Q1 2025 but have since fallen to near-yearly lows, signaling reduced speculative activity on the chain, according to Dune Analytics.

Pump.Fun fee and revenue chart. Source: Dune Analytics

The platform had been a major contributor to Solana’s revenue growth, especially between December 2024 and March 2025.

During this period, total cumulative fees surged past 3 million SOL as retail traders flooded the network to launch and trade meme tokens. These metrics have crashed ever since, weakening one of Solana’s primary value drivers.

A May 27 report from Standard Chartered further reinforces the downside narrative. The bank warned that Solana may underperform if it cannot diversify beyond memecoins, which currently dominate its transaction activity.

Solana’s decentralized exchange volume. Source: Standard Chartered

Standard Chartered said that Ethereum is gaining ground with scalable layer-2 solutions that offer comparable fees and deeper infrastructure for real-world applications.

Related: Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K

Chartist Alex Clay asserts that a so-called “Ethereum outperformance season” has already arrived, reiterating confidence in the rising wedge breakdown on the SOL/ETH charts.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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May 29, 2025 0 comments
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ASKAP J1832-0911
Gaming Gear

Mysterious Space Object Is Pumping Out a Pair of Signals That Shouldn’t Go Together

by admin May 28, 2025


Astronomers have discovered a strange new object that behaves unlike any observed before. The hope is that the source will provide some much-needed insight into the origin of mysterious cosmic signals that have puzzled experts for the last several years.

A team of researchers led by astronomers from the International Centre for Radio Astronomy Research (ICRAR) in Australia found the object—known as ASKAP J1832-0911—using the ASKAP radio telescope, which picked up pulses of radio waves emanating from it.

This suggests that it belongs to a mysterious, recently discovered class of objects called long-period transients (LPTs), which emit radio pulses over unusually long and regular intervals—typically minutes or hours apart. Since LPT signals were first detected by ICRAR astronomers in 2022, only 10 of these objects have been documented, according to a statement from the organization.

Astronomers are still trying to figure out exactly what LPTs are and why they exhibit such odd behavior. In March, there appeared to be a new break in the case when a study linked LPT pulses to a binary star system composed of a white dwarf and a red dwarf, but J1832-0911 has turned out to be especially peculiar. While the ASKAP radio telescope was observing it, NASA’s Chandra X-ray Observatory just so happened to be looking at the same piece of sky. This revealed that the object, located in the Milky Way some 15,000 light-years from Earth, was also sending out pulses of X-rays.

Detecting X-ray emissions from ASKAP J1832-0911 “felt like finding a needle in a haystack,” lead author Ziteng (Andy) Wang, an astronomer at the Curtin University arm of ICRAR, said in the statement. “The ASKAP radio telescope has a wide field view of the night sky, while Chandra observes only a fraction of it. So, it was fortunate that Chandra observed the same area of the night sky at the same time.”

This is the first time that X-ray emissions have been observed from an LPT. J1832-0911 emits radio waves and X-rays simultaneously for a period of two minutes over intervals of 44 minutes, exhibiting properties that are “unique amongst known galactic objects and require a new explanation,” the authors state in their paper, published today in the journal Nature.

Uncovering the true nature of J1832-0911 will require further research, but Wang and his colleagues have some initial ideas about what it might be.

“ASKAP [J1832-0911] could be a magnetar (the core of a dead star with powerful magnetic fields),” he said. Simultaneous pulses of radio waves and X-rays have been observed from magnetars before.

Alternatively, “it could be a pair of stars in a binary system where one of the two is a highly magnetised white dwarf (a low-mass star at the end of its evolution),” Wang added. In this scenario—which has also been previously documented—the interaction between a rapidly spinning, magnetized white dwarf and its companion causes the system to emit pulses that span the electromagnetic spectrum—from X-rays to radio waves.

But according to Wang and his colleagues, neither of these possibilities can fully explain what they observed from J1832-0911. Thus, this discovery could indicate that some new physics is taking place, or that astronomers need to tweak existing models of stellar evolution.

Now, the search for more of these bizarre objects is on. “Finding one such object hints at the existence of many more,” co-author Nanda Rea, an astrophysicist at the Institute of Space Science (ICE-CSIC) and the Institute of Space Studies of Catalonia (IEEC) in Spain, said in the statement. The discovery of J1832-0911’s transient X-ray emissions “opens up fresh insights” into the mysterious nature of LPTs, she said.



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May 28, 2025 0 comments
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ethereum
GameFi Guides

Ethereum SOPR Signals Strength, Suggests More Upside Ahead

by admin May 25, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Burak Kesmeci has noted a positive on-chain event that signals a further price appreciation ahead.

Ethereum SOPR Holds Above 1 – What Does This Mean? 

In an X post on May 24, Kesmeci provides a bullish Ethereum price prediction based on the asset’s Spent Output Profit Ratio (SOPR), which currently signals a positive investor sentiment. The SOPR is calculated by dividing the selling price of tokens by their acquisition price. A value above 1 indicates that the ETH being sold, are on average in profit, while a value below 1 suggests that investors are realizing losses.

Therefore, a sustained movement above this threshold signals a strong market confidence that can induce major bullish price developments as Ethereum sellers are operating from a position of strength with the lack of pressure that would have been present in a declining market.

Source: @burak_kesmeci on X

Burak Kesmeci notes that Ethereum’s SOPR has continuously fluctuated around the neutral 1.0 mark in 2025, reflecting the period of market uncertainty. However, following the reignition of the crypto bull market, this on-chain metric has achieved consistent positioning above 1.0, suggesting a shift in market dynamics. 

Importantly, Kesmeci states that this development indicates that Ethereum’s recent uptrend is “healthy and sustainable”. This can be attributed to the fact that investors are distributing their tokens at higher prices, allowing the market to witness strategic profit-taking rather than panic selling. 

Presently, Ethereum’s SOPR stands at 1.02. If investors’ market activity can increase or sustain this value, Kesmeci backs the prominent altcoin to maintain an upward trajectory for the near future.

Ethereum Price Overview

At the time of writing, Ethereum is valued at $2,523 following a slight price decline of 0.60% in the past 24 hours. Meanwhile, the altcoin remains profitable on larger time frames with gains of 2.20% and 42.96% on the weekly and monthly time frames, respectively.

Currently, Ethereum faces its next major resistance at the $2,700 level, a price zone that has acted as a rejection point twice in the past three weeks. A decisive breakout above this resistance would reinforce the bullish momentum, providing more bullish fuel for a potential retest of the $4,000 region, which is a critical price level in the present market cycle.

ETH trading at $2,513 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from iStock, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 25, 2025 0 comments
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Cooper's Hawk
Product Reviews

This Hawk Figured Out Traffic Signals to Ambush Its Prey

by admin May 23, 2025


Birds continue to be amazing. Crows can use tools and hold grudges against specific people. Magpies can recognize themselves in mirrors. And now, hawks are using traffic signals to hunt down prey, according to a study published today in the journal Frontiers in Ethology. 

The story starts with Vladimir Dinets, a zoologist at the University of Tennessee, Knoxville, and the study’s author, and an intersection in West Orange, New Jersey, near his home. As a zoologist, he had long been interested in animals’ perspective on and understanding of urban environments—and in birds’ relationship with cars, in particular. Scientists have previously observed ravens patrol American highways waiting for roadkill and songbirds using cars to hide from predators.

Dinets was on the lookout for these interesting interactions when a young Cooper’s hawk migrated into his neighborhood and started doing something brilliant.

The intersection wasn’t particularly busy, even during rush hour, Dinets wrote in a guest editorial for Frontiers in Ethology. But sometimes, a pedestrian would cross the street, causing cars to pile up all the way to a small, bushy tree down the block. The pedestrian “walk” signal would also make a sound that indicated it was time to walk.

One morning, Dinets saw the hawk emerge from the tree, fly very low above the line of cars, cross the street between the cars, and then dive to get something near one of the houses.

Then the same thing happened again. And again.

It turns out that the family that lived in that house near the bushy tree liked to have dinner in their front yard. In response, birds—like sparrows and doves—would flock there to claim the leftover crumbs.

That made for easy pickings for the hawk, who would swoop down into the yard to catch said sparrows and doves. But, curiously, the hawk only did this when cars were lined up along the block all the way to the tree.

Dinets eventually figured out that the line of cars provided cover for the hawk, and that the hawk had learned to recognize the sound of the pedestrian “walk” signal. As soon as a pedestrian pressed the button, the hawk would fly from wherever it had been hanging out and into the small, bushy tree. It would then wait for cars to pile up before using the line of cars as cover to sneak up on its prey.

The hawk had, apparently, learned to use the pedestrian signal as a cue to start heading over to the house crowded with defenseless birds, according to Dinets.

“That meant that the hawk understood the connection between the sound and the eventual car queue length,” Dinets explained. The hawk also apparently had a good mental map of the neighborhood.

The hawk (or what Dinets thinks was the same hawk) returned the next year and used the same strategy to hunt. Eventually, though, the family moved away and the signal stopped working, so Dinets hasn’t seen any super smart hawks hunting near his home since.

Life is tough for birds in cities—they have to avoid windows, weave through cars, and deal with noise. But this study shows at least one way that they’ve adapted to urban living.

“I think my observations show that Cooper’s hawks manage to survive and thrive there, at least in part, by being very smart,” Dinets wrote.



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May 23, 2025 0 comments
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Decrypt logo
Crypto Trends

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

by admin May 22, 2025



In brief

  • CFTC Commissioner Summer Mersinger said Thursday crypto perpetual futures could come to market in the U.S. “very soon.”
  • The approval of those derivatives contracts comes as several commissioners are preparing to leave the federal agency.
  • Perpetual markets generally boast greater trading volume than their spot counterparts.

Outgoing CFTC Commissioner Summer Mersinger signaled Thursday that the Commission could “very soon” greenlight crypto perpetual futures products in the U.S., despite leadership shakeups at the federal agency that risk diminishing its enforcement powers.     

“I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger told Bloomberg TV in an interview Thursday. 

The products “will be really beneficial to the [crypto] industry broadly and to our economy here in the United States,” she added.

Perpetual futures are financial contracts in which traders speculate on the underlying value of an asset such as Bitcoin or XRP. The offerings’ proponents argue that the availability of 24/7 leveraged trading stateside could significantly bolster participation and inject more liquidity in the U.S. market. However, critics argue perpetual futures pose significant risks to investors.



Commissioner Mersinger’s comments on the likelihood of crypto perpetuals futures’ debut in the U.S. come ahead of her departure from the agency to lead the crypto lobbying group, the Blockchain Association.

She’s one of four commissioners that have signaled their intentions to depart the CFTC, as Republican Caroline Pham and Democrats Christy Goldsmith Romero and Kristin Johnson will also soon step down from their posts. 

The Commission is poised to continue its work under the Trump-appointed Brian Quintenz, a pro-crypto regulator who is awaiting confirmation from the Senate. But with fewer regulators in its ranks, the federal agency may struggle to perform its duties in a timely manner, stymieing any pro-digital asset regulations reforms.

Quintenz may well be the only commissioner left, depending on when the others make their departures, at least until additional commissioners are confirmed by the Senate.

“The reduced number of commissioners could delay enforcement actions, rulemaking activity, and coordination with other financial regulators, increasing pressure on the Senate to expedite the confirmation process,” several partners of Paul Hastings, a U.S.-based law firm, said in a blog post on Thursday.

Edited by James Rubin

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May 22, 2025 0 comments
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