Solana Surges, Ethereum Slips as Volumes Heat Up: Aug 28
Solana jumps 3%, Ethereum and Bitcoin slip as Cronos skyrockets on funding spike. Full crypto market performance for August 28, 2025.
Solana Rallies as Ethereum, Bitcoin Slip — August 28, 2025, 9:15 AM IST
Thursday morning features sharply diverging moves within top cryptocurrencies, with Solana and Cronos surging against a backdrop of fading momentum in Ethereum and Bitcoin:
- Ethereum (ETH) dips 1.25% to US$4,500, on lighter volume (US$841.36M, -13.19%). Funding stays very low (0.02%), suggesting measured spot seller activity rather than heavy speculative action.
- Bitcoin (BTC) nudges up 0.36% to US$112,000, but volume drops sharply (US$573.12M, -21.5%). Funding remains neutral (0%), indicating ongoing caution and consolidation.
- Solana (SOL) pops 3.1% to US$207.23 on heavy volume (US$578.45M, +130.29%), and a steady funding rate (0.48%), reflecting heightened speculative trading and relative strength versus peers.
- Cronos (CRO) soars 74.3% to US$0.362, with massive volume (US$280.22M, +121.59%) and a stunning funding rate spike to 13.83%, marking extreme speculative fervor and short-term volatility among traders.
Market Context
- Solana and Cronos are attracting outsized flows and aggressive positioning, outpacing Ethereum and Bitcoin in both price and volume.
- Ethereum and Bitcoin remain range-bound, lacking conviction as participants rotate into surging altcoins.
- Funding rates are subdued for ETH/BTC, moderate in SOL, and extreme in CRO, telegraphing where traders see active opportunities and risk.
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