Cryptocurrency analytics company Santiment assessed whale behavior and notable developments in the ecosystem during the sharp intraday drop and subsequent partial recovery.
Amidst market volatility, several topics attracted attention, from Solana and Bitcoin to Ethereum and PYUSD.
One of the most significant developments highlighted by Santiment was the Coinbase decision announced at the Solana Breakpoint 2025 event. The exchange's decision to launch native decentralized cryptocurrency exchange (DEX) trading for all Solana tokens without needing a formal listing was interpreted as a historic step within the Solana ecosystem. Solana co-founder Raj Gokal described this period as “a new era where DEXs have reached a level where they can compete with centralized exchanges.”
Another striking development of the day came from New York. The New York Stock Exchange (NYSE) unveiled a statue of Satoshi Nakamoto, the mysterious founder of Bitcoin, to the public.
On the altcoin side, despite intense volatility, notable increases were observed. Sui Network surpassed $780 million in 24-hour trading volume, outpacing established chains like TRX, ADA, and AVAX. Meanwhile, the upcoming sentencing hearing in the US for Terra founder Do Kwon triggered speculative and volatile price movements on LUNA and LUNC, tokens from the struggling ecosystem.
On the institutional side, there's an important announcement. State Street and Galaxy Digital are preparing to launch SWEEP, a new tokenized liquidity fund running on Solana.
Stacks (STX), meanwhile, has risen to the top ranks among Tier 2 projects by excelling in social activity with new developer competitions and zero-fee USDC trading pairs launching on December 11th.
*This is not investment advice.
