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Stock impact report

Are Whales Moving to Solana? SOL Price Jumps 20% as ETH Lags [Yahoo! Finance]

Sharps Technology Inc. (STSS) 
Company Research Source: Yahoo! Finance
SOL price gained more than 20% over the past 30 days, while ETH closed slightly lower. Ethereum spot ETFs saw $788 million in outflows during Sep. 2–5, while Bitcoin funds attracted $250 million in inflows. The Ethereum ecosystem showed selective growth, led by WLD (+84%) and MNT (+36%), while ETH itself slipped. The Solana ecosystem advanced broadly, with memecoins like PUMP +28% and PENGU +27% leading the gains. Ethereum (ETH) came alive in August, climbing back to $4,000 and setting a new all-time high (ATH). Some experts even said $5,000 was the next stop, but the scenario shifted. In past cycles, an Ethereum rally was usually followed by capital flowing into Solana (SOL). The reason's clear: Solana is seen as Ethereum's main competitor with a similarly developed ecosystem, and investors are looking for the next runner. This time, ETH didn't show the growth many expected and closed the past 30 days slightly down. By contrast, SOL price jumped 20%, making it the fastest- Show less Read more
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