Bitcoin’s grip on the market keeps slipping. BTC dominance today fell to 59.4 percent, down 0.38 points, while the Altcoin Index pushed to 48. It’s not full-blown alt season yet, but the rotation gears are grinding into place.
Liquidity’s not the problem. In the past seven days, $5.29B in stables have poured in, with USDT adding $2.12B and USDC bringing $2.93B, lifting the total stablecoin supply to $237.378B.
That’s a massive capital stockpile hunting for yield and momentum.
Ethereum whales are already pressing the advantage. One whale who started in April with just $125K has now rolled his position up to 76,700 ETH worth $3.42B, sitting on $23.6M in floating profit.
Other leverage stacks aren’t far behind: 51,745 ETH longed at 14x (worth $2.3B, up $16.19M) and 25,000 ETH at 15x (worth $1.1B, up $7.43M). These bets only work if ETH keeps grinding higher — a sharp correction and those liquidation levels at $4,248–4,257 come into play fast.
And then there’s Solana, making noise of its own. The network just hit a new TPS record of 107,664 in a single block, showing it can keep scaling under heavy load.
🚨JUST IN: @Solana hit a new all-time high with a max recorded TPS of 107,664 in a single block, setting the highest throughput ever measured on the network. pic.twitter.com/uvnPJssUhs
— SolanaFloor (@SolanaFloor) August 17, 2025
On top of that, treasuries and corporates are stacking SOL like it’s going out of style, with Upexi, DFDV, and others holding millions in reserves.
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Macro and institutions
China slightly increased U.S. Treasury holdings in June by $100M, taking the total to $756.4B. Metaplanet’s CEO Simon Gerovich reaffirmed the firm’s goal of stacking 30,000 BTC by year’s end (current: 18,113 BTC) and grabbing 1% of total BTC supply by 2027.
On the political front, chatter out of the U.S. and Russia signals “major progress” in talks — no specifics yet, but the market’s listening.
And WLFI won’t leave the headlines. Co-founder Zach Witkoff appeared on Fox Business and confirmed $WLFI will list in the coming weeks, with Eric Trump tied into the expansion strategy. After last week’s “infinite bullets” acquisition play, WLFI is keeping speculators guessing about where it fires next.
Industry heat
Solana hit a new TPS record of 107,664 in a single block, proving the network’s still scaling aggressively. OKB itself spiked alongside, and OKX hinted at an airdrop to reward active X Layer wallets, sending farmers scrambling to set up activity.
Elsewhere, $LIGHT pulled a brutal post-IEO dump but bounced 3x before 7x bottom scalps kicked in. Uniswap’s governance push is heating up again as the Foundation floats V3/V4 fee-switch reforms.
And Chainlink ripped on its payment abstraction upgrade and new U.S. equities data streams — the reserve is already north of $1M in LINK, locked for years.
