Healthy appetite
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 19th May 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Crypto Funds Rolling In Dough
Demand for digital asset funds is soaring so far this year. Last week, U.S.-based crypto products notched a fifth straight week of positive flows as $785M came in the door. Year-to-date, the crypto product bucket has collected more than $7.5 billion, according to CoinShares data.
In February and March, in the wake of Bitcoin's record high of $108,786 reached on Jan. 20, digital asset funds saw outflows totaling $7B.
Meanwhile, says Cointelegraph, citing a Bitwise analyst, the institutional appetite for crypto has been "accelerating." That's based not on fund flows but, rather, on the movement of coins away from exchanges, a trend which is seen as bullish; and that's as opposed to when there are inflows to exchanges, which connotes amped up sell pressure. Exchange outflows picked up one week ago after the U.S. and China agreed for the most part to press pause on their trade feud.
What's down
A Not At All Lazy Sunday
Bitcoin had a swinging Sunday with a couple of inspired sprints toward the not-seen-in-a-while level of $106,000. In the most recent attempt, staged shortly before midnight on the East Coast of the U.S., the largest crypto reached roughly $106,500.
BTC started the day yesterday south of $104K. It got to $105.7K by afternoon, then took a dip, then made another run past $106K before sliding swiftly and sharply. Along the way, CoinGecko said, there were reports of hints of possibly more big purchases by Michael Saylor's Strategy (because when is Saylor ever not teasing buying more BTC?) while at the same time, per CoinDesk, it seems, based on the whipsawing in illiquid weekend conditions, that an orchestrated short squeeze play may have been on.
As of Monday at 9:43 a.m. (EST), BTC fell sub-$103K, down 1.5% in 24 hours, according to CoinGecko.
What's next
A Dog Coin's Journey
Billed jokingly as a dog coin for the people, Solana-run Bonk (BONK) tasted the lowest of lows ($0.000000008614) back at the tail-end of 2022. Then came some serious wagging.
BONK reached an all-time high of $0.00005825 this past November. It remains one of a half-dozen memecoins with a market capitalization of at least $1B.
Now Bonk is taking this top memecoin status to new heights, teaming up with an AI-powered real estate platform to coordinate the promotion of a validator node. Set aside the whimsical canine coin thing and the wonky blockchain gibberish and you see what's going on: the real estate company, DeFi Development Corp., is amassing a war chest of Solana and has enlisted team Bonk in their effort. DeFi Development Corp. trades publicly on the Nasdaq.
In an announcement Friday, the company said that it's collaborating with the Bonk team to increase the amount of SOL tokens that get delegated to their jointly backed validator, co-reaping related rewards in the process. “DFDV and BONK are their own category leaders,” DeFi Development Corp.'s CIO Parker White told Decrypt. “By joining forces, we can reap the benefits of each other's own unique positioning and brand awareness.”
Not too long ago, DeFi Development acquired a SOL validator business in a deal reportedly worth $3.5M, putting the company squarely at the center of Solana's core, Decrypt explained.
DeFi Development will handle the day-to-day operations of the validator while Bonk will take on “a key role in promoting the validator and engaging its community to attract stake,” White added.
