Phantom Wallet User Engagement Surges: 100 Daily Openings vs Traditional Bank Account Checks – Crypto Trading Insights | Flash News Detail

The current tweet from Phantom, a well-liked Solana-based cryptocurrency pockets, posted on April 29, 2025, at 10:15 AM UTC, humorously highlights a standard habits amongst crypto fanatics: ‘Opening Phantom 100 instances a day vs checking your checking account as soon as a day?’ (Supply: Phantom Twitter). This assertion, whereas lighthearted, underscores the extreme engagement of crypto customers with their digital wallets in comparison with conventional banking. As of April 29, 2025, Solana (SOL), the native token related to Phantom, noticed a worth improve of three.2% inside 24 hours, buying and selling at $142.56 at 12:00 PM UTC on main exchanges like Binance and Coinbase (Supply: CoinMarketCap). Buying and selling quantity for SOL spiked by 18.5% throughout the identical interval, reaching $2.1 billion throughout key pairs like SOL/USDT and SOL/BTC, indicating heightened market exercise (Supply: CoinGecko). On-chain metrics additional reveal that Solana’s day by day lively addresses surged to 1.2 million on April 29, 2025, a ten% improve from the day gone by, reflecting sturdy person engagement probably influenced by social media buzz like Phantom’s tweet (Supply: Dune Analytics). This knowledge means that wallet-related sentiment can correlate with worth and quantity actions, providing merchants actionable insights into Solana’s ecosystem. For these trying to find ‘Solana worth as we speak’ or ‘Phantom pockets utilization tendencies,’ this occasion gives a snapshot of how social media can drive crypto market curiosity.Diving deeper into the buying and selling implications, Phantom’s tweet at 10:15 AM UTC on April 29, 2025, aligns with a noticeable uptick in Solana-based decentralized utility (dApp) exercise, with transaction volumes on Solana dApps rising by 15% to $850 million within the 24 hours following the submit (Supply: DappRadar). This means that person interplay with instruments like Phantom could also be fueling on-chain exercise, a crucial sign for merchants monitoring ‘Solana dApp tendencies 2025.’ Moreover, the SOL/USDT pair on Binance recorded a 4.1% worth bounce to $143.10 by 2:00 PM UTC on April 29, 2025, with purchase orders outpacing promote orders by a ratio of 1.3:1 (Supply: Binance Order Guide Knowledge). This means bullish sentiment probably amplified by social media engagement. For merchants, this presents alternatives to capitalize on short-term momentum in Solana-related pairs like SOL/ETH, which noticed a 2.8% improve to 0.042 ETH at 3:00 PM UTC (Supply: Kraken). Furthermore, AI-related tokens resembling Render Token (RNDR), tied to decentralized computing for AI functions, confirmed a correlation with Solana’s rise, gaining 2.5% to $7.89 in the identical timeframe, hinting at a broader tech-driven market sentiment (Supply: CoinMarketCap). Merchants exploring ‘AI crypto buying and selling alternatives’ ought to word this crossover potential, as AI-driven analytics might additional enhance pockets utilization and on-chain metrics.

From a technical perspective, Solana’s worth motion on April 29, 2025, reveals key indicators supporting bullish momentum. At 4:00 PM UTC, SOL broke above its 50-day transferring common of $138.50, a crucial resistance stage, with the Relative Power Index (RSI) climbing to 62, signaling potential overbought situations however sustained shopping for strain (Supply: TradingView). The MACD line crossed above the sign line at 1:00 PM UTC, additional confirming upward momentum for SOL/USDT (Supply: Binance Charts). Quantity evaluation reveals that SOL’s buying and selling quantity peaked at $2.3 billion between 12:00 PM and a couple of:00 PM UTC, a 20% spike in comparison with the prior 24-hour common, with 60% of transactions occurring on centralized exchanges like Binance (Supply: CoinGecko). On-chain knowledge from Solscan reveals that Solana’s community processed 5.4 million transactions on April 29, 2025, by 5:00 PM UTC, a 12% improve from the day gone by, underscoring sturdy community utilization tied to Phantom pockets exercise (Supply: Solscan). For AI-crypto correlations, platforms leveraging AI for buying and selling evaluation reported a ten% uptick in Solana-related algorithmic trades post-tweet, suggesting AI instruments could also be amplifying market reactions (Supply: CryptoQuant). Merchants trying to find ‘Solana technical evaluation 2025’ or ‘AI crypto buying and selling indicators’ can use these metrics to time entries round key help ranges like $140.00 or exits close to resistance at $145.00. This data-driven strategy, mixed with social media sentiment and AI market affect, gives a complete view for optimizing crypto buying and selling methods in unstable markets like Solana’s ecosystem.

FAQ Part:
What drove Solana’s worth improve on April 29, 2025?
Solana’s worth rose by 3.2% to $142.56 by 12:00 PM UTC on April 29, 2025, pushed by elevated buying and selling quantity of $2.1 billion and a surge in day by day lively addresses to 1.2 million, probably influenced by social media engagement from Phantom’s viral tweet at 10:15 AM UTC (Supply: CoinMarketCap, Dune Analytics).

How does AI affect crypto buying and selling in Solana’s market?
AI instruments reported a ten% improve in Solana-related algorithmic trades on April 29, 2025, post-Phantom’s tweet, indicating that AI-driven analytics might amplify market sentiment and buying and selling quantity, providing alternatives for merchants monitoring tech-crypto crossovers (Supply: CryptoQuant).