SOL, ADA Lead Crypto Majors' Gains as Bitcoin Traders Move Past $1B Liquidation Event
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.

Solana (SOL) and cardano (ADA) led gains among major crypto tokens in the past 24 hours as the bitcoin (BTC) price gradually recovered from last week's liquidation event.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem. The CoinDesk Markets Index, a weighed collection of the largest tokens, rose 1.6%.
Among alternative currencies, maker (MKR) rose 6% as its boosted savings product found favor among investors, while AI-focused render (RNDR) jumped 9% after Nvidia (NVDA) topped second-quarter earnings estimates, proving the bullish AI trend is here to stay.
Last week, some $1 billion worth of crypto futures were liquidated after a sudden sell-off that hit trading volumes and the broader market recovery. Mentions of “buy the dip” echoed, and then fizzled out, among traders as the large move likely impacted traders and funds.
Now it seems large holders are returning to the market, aiding a recovery.
“Bitcoin jumped back as high as $26,800 Wednesday as key whale shark addresses are now collectively adding to their stacks once again,” on-chain analytics firm Santiment said in a tweet. “There are currently 156,660 wallets holding 10 to 10,000 $BTC, and they have accumulated $308.6M since August 17th.”
Gains in bitcoin came as European stocks and U.S. equity futures climbed in a broad-based rally fueled by surging tech shares, as per MarketWatch.
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SHM is live! Bullish or bearish? Join to share 3,360 SHM!

MYX Finance Hits Big: 30,296% Oversubscription on CEX Wallet, $51.31M Trading Volume, and Listed on Bitget

OBOL is live! Bullish or bearish? Join to share 4,800 OBOL!

VIPBitget VIP Weekly Research Insights
Real yield protocols are gaining traction as a resilient sector in the crypto market, enabling users to navigate both bull and bear cycles effectively. Unlike narrative-driven projects that rely on token sales, real yield projects generate actual protocol revenue and return value to the community through mechanisms like fee buybacks and token burns. These sustainable business models offer greater resilience across market cycles, making them well-suited for mid- to long-term allocations. Projects such as AAVE, JTO, JUP, and CAKE have established robust revenue frameworks, serving as leading examples across the EVM, Solana, and BSC ecosystems — and are well worth watching.

Trending news
MoreCrypto prices
More








