updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Venture capital firm Andreessen Horowitz (A16Z) acquired $50 million worth of JTO, the native token of Solana staking protocol Jito, marking a significant institutional investment in one of Solana’s leading liquid staking platforms.
According to a Fortune report, the transaction marks the largest single commitment by an investor in Jito’s history.
Brian Smith, executive director at the Jito Foundation, confirmed that the private deal is structured for long-term cooperation between both firms, hinting at discount incentives.
“If you’re accepting long-term alignment where you can’t sell for a while, then there’s traditionally some modest discount associated with that,” said Brian Smith, executive director at the Jito Foundation.
The purchase represents a private token acquisition rather than an equity stake, a structure increasingly common among institutional investors seeking liquid exposure to blockchain protocols.
Over the past year, A16Z has executed several large token-based deals, including $55 million in LayerZero and $70 million in EigenLayer.
According to StakingRewards data, Solana’s staking ecosystem generates roughly $5 billion in annual rewards, making it one of the most lucrative proof-of-stake networks globally. A16Z’s $50 million allocation places it on a growing list of corporate entities such as Forward Industries and DeFi Corporation, both of which hold and stake substantial SOL reserves in their treasuries.
However, recent on-chain metrics indicate that Solana aggregate staking flows remain negative since the record-breaking market crash last week. As seen below, Total SOL stake has declined from 418.6 million on October 11 to 411.5 million SOL at press time, a withdrawal of 7.1 million SOL worth over $1.4 billion.
Total Solana (SOL) Staked declined 7.1 million SOL (~$1.4 billion) since Oct 11 market crash | Source: StakingRewards
Increased circulating supply from the recent $1.4 billion staking withdrawals adds to bearish pressure pinning Solana price below $200 this week.
However, fresh corporate inflows from A16z reinforces long-term confidence in Solana’s tokenomics among institutional firms, anticipating an imminent recovery from the ongoing market consolidation phase.
Solana’s recent whale inflows have reignited interest in emerging projects like SUBBD ($SUBBD).
SUBBD integrates AI-driven personalization with creator monetization, enabling influencers and brands to build fan communities.
SUBBD Presale
The SUBBD presale has now surpassed $1.2 million of its $1.4 million fundraising target, with tokens currently priced at $0.056 each. With less than 24 hours before the next price tier, interested participants can visit the official SUBBD presale website to unlock early-entrant rewards.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
Ethereum has just experienced one of the most chaotic trading days in its history, with price action resembling a rollercoaster. ETH plunged over 30% in less than 24 hours as fears of a U.S. trade war triggered a massive market selloff. However, just as quickly as panic set in, the market rebounded following President Trump’s announcement of negotiations with Canada and Mexico to lift tariffs. This sharp turnaround injected optimism back into the market, but uncertainty remains high.
The sudden drop wiped out millions in leveraged positions, creating one of the largest liquidation events in Ethereum’s history. Data from Glassnode reveals that yesterday, $76.4 million in ETH long liquidations hit the market, with $55.8 million being wiped out in a single hour—marking the second-largest liquidation spike in a year, just behind the $56 million event on December 9. This intense price action highlights the unprecedented volatility in Ethereum and the broader crypto market.
Now, the focus shifts to Ethereum’s ability to sustain its recovery and reclaim key resistance levels. With uncertainty still looming, the next few days will be critical in determining whether ETH can regain its bullish momentum or if further downside is on the horizon.
Ethereum has experienced one of the most volatile trading sessions in its history, dropping over 30% in less than 24 hours amid U.S. trade war fears, only to recover rapidly following President Trump’s announcement of negotiations with Canada and Mexico. This extreme price action has shaken investor confidence, but analysts suggest ETH is now stabilizing and preparing for a push higher.
Key data from Glassnode reveals the extent of the liquidation event that fueled this historic drop. Yesterday, $76.4 million in ETH long liquidations hit the market, with $55.8 million wiped out in a single hour—the second-largest spike in a year, just behind the $56 million liquidation recorded on December 9. The rapid price decline triggered a significant unwinding of futures open interest. ETH futures OI fell from $20.5 billion at the start of February to $15.9 billion today, wiping out $4.6 billion in leveraged positions.
Despite this sharp decline, Ethereum futures OI remains ~22% above its yearly trendline of $13 billion, suggesting that leverage remains elevated. Ethereum’s price has been heavily influenced by leveraged trading, as speculation and aggressive long positions fueled rapid swings. As the market recalibrates, a shift towards spot-driven price action could pave the way for healthier and more sustainable growth.
The coming weeks will be crucial in determining whether Ethereum can recover its bullish momentum. If ETH consolidates above key support levels and open interest stabilizes, the market could be setting up for another leg higher. However, if leverage remains high and speculative trading continues to dominate price action, further volatility and corrections may follow.
Ethereum (ETH) is trading at $2,810 after a highly volatile start to the week. Despite a sharp recovery from its recent lows, bulls are still facing serious challenges as ETH trades below the crucial $3,000 mark, a level that also aligns with the 200-day moving average. This key resistance has historically acted as a major pivot point for Ethereum’s price action, making it a critical level to reclaim for bullish momentum to resume.
If bulls want to establish a new uptrend, ETH needs to break above the $3,000 mark with strength and hold it as support. A successful reclaim of this level could set the stage for a sustained rally toward $3,200 and beyond. However, failure to do so leaves Ethereum vulnerable to further downside risk.
Losing the $2,800 level could trigger additional selling pressure, potentially leading ETH to revisit lower demand levels around $2,650–$2,700. With market sentiment still uncertain and leveraged positions unwinding, traders are closely watching price action for confirmation of the next major move. Whether Ethereum can regain its footing or faces further declines will depend on its ability to reclaim key resistance levels in the coming days.
Featured image from Dall-E, chart from TradingView