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lightning 21 Jul 2025

Market Update Summary - July 21

written by
Yuk Quantitive trader
&
Jeng Quantitive trader

Major Token Performance Performance

How to Read These Charts

These charts show the cumulative price returns of Bitcoin (BTC), Ethereum ETH), and the COIN50 index over the selected period — 30 days, 7 days or 24 hours. Returns are rebased to 0% at the start of each period to highlight relative performance trends between assets.

The BTC dominance line (secondary axis) tracks Bitcoin’s share of the total crypto market capitalization, offering context on capital rotation between BTC and altcoins. Rising BTC dominance typically indicates capital consolidation into Bitcoin, while a decline suggests increased risk appetite and flows into altcoins.

Use these charts to quickly assess:

  • Which assets outperformed or underperformed over the period

  • Whether market strength was concentrated (BTC-led) or broad-based

  • How shifts in BTC dominance align with overall performance trends

Asset

30D Change

7D Change

1D Change

Price

BTCUSD

14.69%

8.07%

1.82%

120322.91

ETHUSD

44.69%

29.65%

6.48%

3654.81

XRPUSD

65.81%

46.87%

13.25%

3.5682

BNBUSD

14.74%

11.02%

3.74%

746.5

SOLUSD

24.50%

15.90%

5.97%

183.5

COIN50USDC.P

29.41%

19.45%

5.46%

515.21

XAUUSD

-1.10%

0.44%

0.18%

3341.42

SPX

4.99%

0.59%

0.49%

6297.35

How to Read This Table

This table summarizes the percentage price change of key crypto and macro assets over three timeframes: 30 days, 7 days, and 24 hours. It includes major cryptocurrencies (e.g., BTC, ETH, XRP, SOL), a benchmark altcoin index (COIN50), and traditional market comparables like gold (XAU) and the S&P 500 (SPX).

The data allows you to:

  • Compare short-term and medium-term performance across sectors

  • Spot momentum leaders and laggards in both crypto and traditional markets

  • Assess whether market moves were broad-based or asset-specific

  • Track how crypto assets performed relative to macro benchmarks

This table provides a concise view of market dynamics across different asset classes and helps contextualize crypto performance within a broader macro landscape.

Newly Listed Projects

As of 2025-07-11 10:00PM

Projects and Exchanges

Project

Symbol

Exchange(s)

Listing Date

Eclipse

ES

Bybit

2025-07-16

Price Performance

Symbol

Opening Price

Current Price

24 hour Change

All-Time High

All-Time Low

Current Multiple from Open

ATH Multiple from Open

ES

$0.1

$0.2946

-13.8%

$0.5335

$0.1

2.946x

5.335x

Liquidity Performance

Symbol

Spread

+2% Depth

-2% Depth

24 Hour Volume

ES

0.07%

$134,022

$139,140

$11,676,311

Smart Money Flows

Top 10 7D Flows

Asset

Chain

30D Flow

7D Flow

24H Flow

Market Cap

PUMP

solana

3.21M

3.21M

4.06M

1.83B

USELESS

solana

-1.85M

829.23K

-42.83K

326.79M

USEFUL

solana

720.05K

720.05K

-5.93K

1.74M

PENGU

solana

571.36K

476.82K

479.12K

1.95B

KIPPAH

solana

393.60K

393.60K

7.34K

845.25K

CPUTER

solana

257.96K

257.96K

257.96K

13.76M

HOSICO

solana

382.93K

245.58K

-696.42

41.98M

DUPE

solana

102.16K

110.02K

2.66K

13.51M

MACROHARD

solana

107.29K

107.29K

6.25K

364.86K

FULLSEND

solana

102.10K

102.10K

-10.96K

2.75M

Bottom 10 7D Flows

Asset

Chain

30D Flow

7D Flow

24H Flow

Market Cap

FARTCOIN

solana

-3.14M

-4.28M

-156.80K

1.54B

GP

solana

-95.61K

-435.41K

-190.36K

85.71M

ANI

solana

-413.70K

-413.70K

-346.41K

51.52M

PYTHIA

solana

-381.02K

-381.02K

-

69.11M

IKUN

solana

-559.63K

-272.60K

-23.59K

9.44M

KORI

solana

-477.12K

-241.08K

-3.09K

33.14M

LAUNCHCOIN

solana

-862.01K

-217.75K

-21.13K

127.64M

GIGA

solana

-18.97K

-175.39K

-198.43K

218.63M

SOL

solana

-19.70M

-174.57K

2.19M

84.17B

BONK

solana

60.34K

-169.34K

-3.75K

2.84B

These tables track the weekly movement of "smart money" wallets across various tokens and chains.

The Top 10 7D Flows table highlights assets that have seen the largest net inflows from smart money in the past 7 days. A high and rising 7D flow suggests growing interest, accumulation, or conviction by sophisticated traders, and may indicate strong underlying narratives or catalysts. Compare these flows with the token’s market cap to assess relative impact, inflows into small-cap assets are generally more price-sensitive.

Conversely, the Bottom 10 7D Flows table shows tokens with the largest net outflows from smart money wallets. Persistent or large outflows may reflect profit-taking, loss-cutting, or reduced confidence, and can signal weakening sentiment or fading momentum. Watch for sustained outflows alongside declining price or on-chain activity.

Use these tables to:

  • Identify tokens where smart money is actively positioning

  • Spot emerging narratives or sentiment reversals

  • Gauge chain-specific flows, e.g., Solana vs. Ethereum vs. Base

  • Inform rotational strategies across high-alpha tokens

Stablecoin Flows

Stablecoin flow data provides a real-time pulse of capital movement across exchanges and chains.

Rising stablecoin balances on-chain or on exchanges often indicate inbound liquidity, capital sitting on the sidelines potentially awaiting deployment into crypto assets. Large inflows may precede buying activity, suggesting growing market participation or renewed confidence.

On the other hand, net outflows of stablecoins could imply that capital is either exiting the crypto ecosystem or being actively deployed into volatile tokens, especially when accompanied by declining exchange balances or stablecoin dominance.

Use stablecoin flows to:

  • Detect early signs of market risk appetite

  • Monitor capital rotation between stablecoins and volatile assets

  • Confirm the sustainability of rallies (is money really coming in?)

  • Support broader macro or positioning views from other data (e.g., smart money behavior or BTC dominance)

Macro & Crypto News

July 18: GENIUS Act Passes House, Poised to Become First Major U.S. Crypto Law

The U.S. House of Representatives has passed the GENIUS Act, a stablecoin regulation bill, by a 308-122 vote, marking a historic step toward the country’s first major crypto law. The bill comes alongside the House’s recent passage of the broader Clarity Act for crypto market oversight, signaling growing bipartisan momentum for clear digital asset regulation. The GENIUS Act will set formal rules for stablecoin issuers like Circle and Tether, with Wall Street and regulators closely watching its impact.

July 18: Ethereum ETFs See Record $726M Inflows as ETH Surges Past $3,400

U.S. spot Ethereum ETFs recorded a historic $726 million in daily inflows as ETH soared past $3,400, highlighting strong institutional interest. BlackRock’s ETHA led with $499 million, pushing total ETF holdings to over 5 million ETH—more than 4% of supply. Whale accumulation and rising corporate treasury allocations, including SharpLink’s $1B ETH reserve, suggest growing long-term confidence. Analysts anticipate continued momentum as Ethereum eyes new highs and gains ground amid waning Bitcoin dominance.

July 17: ME Explores 24/7 Crypto Trading, Rules Out Memecoin Derivatives

CME Group is considering expanding to 24/7 crypto trading to better align with global markets but has no plans to offer memecoin derivatives, citing a lack of real-world utility. Instead, the exchange is focusing on institutional-grade assets like Bitcoin, Ethereum, Solana, and XRP, which have driven billions in futures volume. While other exchanges and asset managers eye memecoins for spot products, CME remains committed to tokens with underlying use cases.

July 16: China Merchants Bank’s Brokerage Arm Secures Hong Kong Crypto License

China Merchants Bank International (CMBI) has become the first Mainland Chinese broker to receive a virtual assets license from Hong Kong’s Securities and Futures Commission. The license permits CMBI to offer crypto trading, custody, and advisory services within Hong Kong, but does not extend to mainland China, where crypto remains banned. The move reflects Hong Kong's ongoing push to position itself as a regulated crypto hub while maintaining legal separation from China's strict crypto policies.

July 11: Spot Bitcoin ETFs See $1B Inflows as IBIT Becomes Fastest Fund to Reach $80B AUM

Spot bitcoin ETFs saw over $1 billion in inflows Thursday as BTC hit a new all-time high above $118,000. BlackRock’s iShares Bitcoin Trust (IBIT) became the fastest ETF ever to reach $80 billion in assets, achieving the milestone in just 374 days. This surge reflects growing demand for bitcoin exposure via traditional investment channels, as spot ETFs offer easier access for both institutional and retail investors.


THE CONTENT ON THIS WEBSITE IS NOT FINANCIAL ADVICE

The information provided on this website is for information purposes only and does not constitute investment advice with respect to any assets, including but not being limited to, commodities and digital assets. This website and its contents are not directed to, or intended, in any way, for distribution to or use by, any person or entity resident in any country or jurisdiction where such distribution, publication, availability or use would be contrary to local laws or regulations. Certain legal restrictions or considerations may apply to you, and you are advised to consult with your legal, tax and other professional advisors prior to contracting with us.


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