Solana

PIPPIN, a Solana-based memecoin from an early 2024 AI experiment, has surged 556% over 30 days while the broader Solana memecoin sector faces declining liquidity. Blockchain data identified 50 synchronized wallets that purchased $19 million in PIPPIN, funded through HTX exchange. The token recorded over $3.19 billion in derivatives volume on December 1.

Major altcoins posted double-digit gains with Ethereum rising 10%, Solana up 12%, and Sui surging 21% following a sentiment reversal. The CMC Altcoin Season Index remains at 21/100, indicating Bitcoin continues to dominate market flows. Altcoin market capitalization has declined from $1.36 trillion to $1.29 trillion over seven consecutive days.

Grayscale Research projects bitcoin will reach new record prices in 2026, rejecting the traditional four-year cycle theory. Vanguard reversed its stance on digital assets, enabling clients to trade ETFs holding BTC, ETH, XRP, and SOL starting Tuesday. Bank of America will permit portfolio allocations of 1% to 4% in crypto assets.

The cryptocurrency market added approximately $200 billion in capitalization over 24 hours, lifting total market cap to $3.08 trillion from $2.88 trillion. Bitcoin contributed roughly $120 billion to the rally, approaching $91,000 in its strongest daily performance since May 2025. Short position liquidations totaling $140 million in one hour accelerated the move, adding over $75 billion to Bitcoin's market value in 10 hours.

Solana-based memecoin trading declined to $13.9 billion in November 2024, the lowest monthly total since February 2024. Prediction platforms Polymarket and Kalshi combined for nearly $8 billion in volume during the same period, representing 57% of Solana's memecoin activity. The ratio marks a sharp increase from below 10% in August.

Vanguard has enabled US clients to trade regulated cryptocurrency ETFs on its brokerage platform, including funds linked to Bitcoin, Ethereum, XRP and Solana. The policy shift follows the appointment of CEO Salim Ramji, former global head of ETFs at BlackRock. XRP ETFs have recorded $756 million in net inflows across 11 trading days with no outflows, according to available data.

Financial services firm Cantor Fitzgerald disclosed a $1.28 million stake in the Volatility Shares Solana ETF, holding 58,000 shares as of mid-November, according to an SEC filing. The investment marks Cantor's first documented exposure to a regulated Solana-based product. The disclosure comes as multiple Solana ETF launches follow the SEC's September approval of generic listing rules for commodity-based trusts.

U.S. prediction market platform Kalshi announced plans to tokenize thousands of event contracts on Solana, aiming to attract crypto-native traders and deepen liquidity. The move intensifies competition with Polymarket as both platforms recorded record volumes in November, with Kalshi reaching $5.8 billion and Polymarket surpassing $3.7 billion.

Prediction market platform Kalshi plans to tokenize thousands of event contracts on Solana, bridging its traditional off-chain order book with on-chain liquidity, according to a December 2, 2025 statement to CNBC. The integration enables crypto-native traders to buy and sell tokenized versions of betting contracts while leveraging blockchain infrastructure. Bettors will be able to trade tokenized wagers on Solana, with contracts functioning identically to regular platform offerings but with added blockchain-native benefits.

Vanguard, the world's second-largest asset manager with over $11 trillion under management, will begin allowing cryptocurrency ETFs and mutual funds to trade on its platform starting Tuesday. The firm cited evolving investor preferences and improved fund stability as reasons for the policy shift. The move marks a reversal from its previous stance against offering crypto-related products, including spot bitcoin ETFs launched by competitors BlackRock and Fidelity.