According to @KookCapitalLLC, the crypto market is rotating from ETH to SOL as traders front run traditional finance investors’ next big idea. According to @KookCapitalLLC, Solana is better for stablecoins and offers higher native yield than Ethereum, making it attractive for capital allocation. According to @KookCapitalLLC, Solana is better for retail products, easier to use, and supported by stronger retail infrastructure, which makes the rotation an easy trade. According to @KookCapitalLLC, Hyperliquid is the next focus following this rotation theme.

According to @ai_9684xtpa, Galaxy Digital was the largest buyer in FTX's bankruptcy auction, acquiring 25.52 million SOL at a price of $64 each. If Galaxy Digital has not sold these tokens, the current return rate stands at 154%. Additionally, in April, on-chain data from Lookonchain indicated that Galaxy Digital shifted holdings by selling 65,600 ETH to increase its SOL position. This major asset rotation signals strong institutional interest in SOL, which may influence short-term trading opportunities for both SOL and ETH due to potential liquidity shifts and volatility. Source: @ai_9684xtpa.