Crypto Market Highlights: Solana Surpasses BNB, Bitcoin Achieves Milestone, Shiba Inu Token Movement

Solana Surpasses Binance Coin

Solana has recently made significant strides in the crypto market, surpassing Binance Coin (BNB) to become the fourth largest cryptocurrency by market capitalization. As of December 24, Solana's market cap reached $50 billion, outpacing BNB's $40.6 billion. This achievement is part of a broader market rally, with Solana's price climbing 67.3% over the past week to $119. Solana has also outperformed major cryptocurrencies like Bitcoin and Ethereum in trading volumes on Coinbase. Additionally, Solana's decentralized exchange (DEX) volumes surged, exceeding Ethereum's by 3,078%.

Bitcoin Reaches New All-Time High

Bitcoin has hit a new milestone, with the number of Bitcoin addresses surpassing 50 million. This growth reflects increasing user adoption and the asset's recognition as a legitimate investment. The average Bitcoin holding per user is now around $16,000, indicating potential for future price growth. The rise in Bitcoin addresses is a positive indicator of market strength and hints at a robust foundation for continued expansion.

Shiba Inu Token Withdrawal

The Shiba Inu community has seen a significant withdrawal of tokens from exchanges, with over eight trillion SHIB, valued at approximately $88 million, moved since November. This shift suggests changing investor sentiment and a redistribution in token holdings. Detailed analysis shows a 25.71% increase in transactions ranging from $0.00 to $1.00, and a 150% rise in transactions over $1 million. The highest transaction volume recorded in a week was 15.34 trillion SHIB, equivalent to $158.1 million, demonstrating active participation from both retail and large-scale investors.