[Today's Global Trending Coins] Ethereum, Solana, Hyperliquid, and More

YM Lee

Summary

Ethereum recently drew investor attention as news broke that multiple companies selected it as a strategic reserve asset.
Solana saw investor sentiment rise amid growing expectations for spot ETF approval, and experts noted that the likelihood of product launch is increasing.
Hyperliquid stimulated investor sentiment after a major whale opened a 40x leverage short position.

According to the Token Mindshare (a metric quantifying the influence of particular tokens in the virtual asset market) Top Gainers from the AI-based Web3 search platform Kaito, the most watched virtual assets as of the 7th include Ethereum (ETH), Solana (SOL), Hyperliquid (HYPE), and Bitcoin (BTC).

Ethereum has recently attracted investor interest as several companies have chosen it as a strategic reserve asset. Several listed companies, including GameSquare, BTCS, and Bit Digital, have announced plans to accumulate Ethereum through convertible bonds, equity offerings, and other methods.

Solana (SOL) saw heightened investor attention fueled by growing anticipation for spot ETF approval. Although the Securities and Exchange Commission (SEC) extended the review period for Solana ETF products as of the previous day (8th), many experts believe that even just a request for an amended application increases the likelihood of such a product launching.

Hyperliquid drew investor sentiment through the moves of major whales. Recently, it became known that a prominent Hyperliquid whale opened a short position with 40x leverage at $107,926.6.

Additionally, Fantom, Aave (AAVE), Uniswap (UNI), XRP, and OpenSea ranked highly in popularity searches.