Ethereum ETF Surge and Solana Dominance Drive Market Shifts

This week’s CoinRank Crypto Digest reveals shifts in the crypto landscape. While the Fed may deliver a smaller rate cut than expected at Jackson Hole, the Ethereum market remains dynamic. US spot Ethereum ETFs now hold over 5% of ETH supply, highlighting institutional demand and potentially supporting long-term price growth. However, Pump.fun’s dominance on Solana token issuance, capturing over 87% of the market share in just a day, raises concentration risks for the ecosystem. These trends demonstrate both bullish and cautionary signals as markets await further developments.