According to @MilkRoadDaily, China weaponized its rare earth exports, escalating trade tensions that were followed hours later by a 100% U.S. tariff on all Chinese goods, triggering a broad market panic, source: @MilkRoadDaily. According to @MilkRoadDaily, BTC fell by 20,000 USD within minutes, pulling the entire crypto market lower, source: @MilkRoadDaily. According to @MilkRoadDaily, the stablecoin USDe depegged to as low as 0.62 USD, source: @MilkRoadDaily. According to @MilkRoadDaily, ATOM nearly went to zero during the crash, source: @MilkRoadDaily. According to @MilkRoadDaily, ENA dropped by nearly 80% and SOL fell about 40%, source: @MilkRoadDaily. According to @MilkRoadDaily, over 19 billion USD in leverage was wiped out as exchanges triggered Auto Deleveraging that closed positions even for traders who were in profit, source: @MilkRoadDaily. According to @MilkRoadDaily, this sequence produced one of the most violent days the crypto market has seen, underscoring extreme liquidity and ADL risk during macro shocks, source: @MilkRoadDaily.

According to QCPgroup, altcoins experienced a sharper sell-off last week, with SOL losing nearly 20% and ETH dropping close to 10%. ETF flows failed to support prices, as BTC recorded its second-largest daily outflow and ETH saw its fourth-largest outflow on Friday. This trend suggests that recent institutional demand is not providing short-term price support, which may impact trading strategies and market sentiment for BTC, ETH, and SOL. Source: QCPgroup.

According to Lookonchain, a significant Solana whale deposited 49,858 SOL worth $8.46 million to Kraken, incurring a realized loss of $3.11 million compared to their original entry. Six months earlier, this whale withdrew 48,185 SOL ($11.58M) from Kraken at $240 each and staked the assets, earning 1,673 SOL ($286K) in staking rewards. Despite the staking yield, the whale's overall position suffered due to the recent price drop. This large-scale deposit to an exchange signals potential selling pressure, which could trigger short-term volatility or downward movement in SOL prices. Traders should monitor Kraken order books and overall exchange inflows, as whale movements often precede market reactions. The event underlines the risks and timing considerations in SOL staking and the broader Solana ecosystem. (Source: Lookonchain on Twitter, May 16, 2025)

According to Ai 姨, a SOL whale transferred 39,015 SOL ($5.9 million) to Binance, potentially incurring a $1.127 million loss. These SOL were originally purchased during the Memecoin craze in early 2025 at an average price of $180.32 and staked in Marinade Finance. The whale's unrealized losses once peaked at $2.92 million when SOL prices dropped to $105.5 in early April.