Solana ETF Rumors Spark SOL Price Rally, While New Coin Sees Ethereum Big Players Pile In
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/Elluminex/ – After an initial rejection from the SEC, Solana ETFs have returned as a possibility in 2025, sparking a sudden rally in the SOL price as institutional adoption is expected to ramp up in the upcoming months. Meanwhile, Ethereum (ETH) continues to stall, as the chart gives mixed signals and investor interest appears to be waning. To avoid remaining sidelines while the rest of the market soars, many ETH whales are rotating funds into promising new plays with untapped potential. Elluminex (ELX) in particular emerges as an attractive opportunity in the DeFi space, with its presale already capturing the attention of market participants.
How Elluminex Unlocks The Potential Of The Fastest-Growing Layer 1
Elluminex is a DeFi protocol built entirely on TON, one of the most rapidly growing Layer 1 blockchains of 2024. While Toncoin already boasts an incredibly successful crypto gaming hub that directly interfaces with Telegram’s 950-million user base, it still lacks a real DeFi solution.
This is where Elluminex comes into play, capturing the first-mover advantage and providing the TON ecosystem with a competitive edge against established majors such as Solana and Ethereum.
Established decentralized exchanges like Uniswap and Raydium are hindered by their lack of true cross-chain capabilities. This directly translates into inefficient liquidity sourcing, which increases the cost of transaction fees, waiting times, and slippage. With its cutting-edge cross-chain bridge, Elluminex proposes a seamless solution that allows for near-instantaneous transactions between isolated blockchains, including Solana, Tron, and Ethereum. This means that Elluminex will be the last DEX that users will ever need.
Additionally, Elluminex does away with intermediaries, with investors retaining full sovereignty over their funds. This approach sets Elluminex apart from centralized exchanges, which have often been the subject of disastrous data leaks or unexplained asset freezes.
The $ELX utility token will play a central role within the Elluminex infrastructure, powering all essential features including staking and governance. Holders will be eligible for up to 18% APY in the form of recurring staking rewards, while an automated burn mechanism will continuously reduce the $ELX supply. This will allow early investors to enjoy a two-fold benefit, provided by staking rewards and scarcity-driven appreciation, making $ELX one of the most intriguing projects of the 2025 cycle.
Solana ETFs Are Back On The Table
Amid legislative uncertainty and overzealous regulatory bodies, the first wave of Solana ETF applications was rejected. However, with the Trump administration already ushering in a complete regulatory overhaul in favor of cryptocurrencies, Solana could soon see its first ETF hit the market as early as March, according to Bloomberg’s Eric Balchunas. He also confirmed CME Group’s plans to launch futures contracts for SOL and XRP, signaling growing institutional interest.
A Solana ETF launch could be a pivotal moment, increasing adoption and visibility among major holders and propelling the SOL price above $300. At the time of writing, Solana sells for $268, following an 8% intraday increase, accompanied by a 10.5% rise in 24-hour trading volume, with $9.6 billion worth of SOL changing hands across platforms.
Ethereum Regains Some Ground, A Comeback On The Horizon?
As of today, Ethereum (ETH) is trading at $3,400 after a 5% daily increase and a 39% jump in volume, with nearly $40 billion traded. This increase has been largely catalyzed by several factors, including the broader market-wide recovery, growing investments from World Liberty Financial, and President Trump’s executive order considering the creation of a “National Digital Asset Stockpile.” Speculators predict Ethereum may surpass the $3,550 resistance level and potentially hit new record highs by March if this momentum is sustained. More ambitious estimates suggest that Ethereum could rise as high as $10,000 or even $20,000 at the height of the bull run, although the current technical indicators don’t seem to corroborate this thesis.
The Elluminex Presale Raises $300k
175 million of the 350 million $ELX Supply is up for grabs during the ongoing presale, and early bidders have already claimed over 5 million tokens, raising more than $300,000 in just a few days since launch. $ELX is selling for just $0.06, making this the perfect entry point for investors who want to join the Toncoin DeFi revolution spearheaded by Elluminex. Sleeping on this gem is not an option!
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