Solana Surges, ETH and BTC Hold Steady, Cronos Slides — August 29, 2025, 9:10 AM IST

Friday morning sees Solana outperforming top peers, with Ethereum and Bitcoin remaining subdued and Cronos reversing recent gains:

• Solana (SOL) jumps 4.48% to US$216.61, with volume up to US$625.6M (+2.95%). Funding rate stays steady (0.46%), signaling continued bullish appetite and healthy trader engagement.
• Ethereum (ETH) slips 0.91% to US$4,500, as volume drops (US$612.9M, -26.6%). Funding at 0.09% reflects mild buyer interest and range-bound action.
• Bitcoin (BTC) is nearly flat at US$112,000 (-0.1%), with volume at US$551.33M (-3.99%). Funding rate remains neutral (0%), showing balanced sentiment.
• Cronos (CRO) tumbles 13.82% to US$0.302 on US$254.08M in volume (+9.02%). Its funding rate drops from extremes to 3.3%, pointing to reduced speculative fervor after Thursday’s spike.

Market Context

• Solana’s rally is fueled by strong spot demand and healthy funding, outperforming peers despite general market caution.
• ETH and BTC continue to trade sideways, with little sign of breakout direction.
• Cronos pulls back after its volatility-driven run, with funding rates normalizing as traders take profits.

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