X @Santiment

Market Trends & Altcoin Developments - Monad mainnet launched, enabling live trading of $MON on multiple platforms, with a 7.5% token sale on Coinbase [1] - Grayscale launched the first U S spot Dogecoin ETF (GDOG) and XRP ETF (GXRP) on NYSE Arca, expanding mainstream exposure to altcoins [5] - Altcoins like Solana and XRP are experiencing inflows [3] Institutional Activity & Sentiment - JPMorgan reportedly shorted MicroStrategy (MSTR) and sold $134 million in shares, sparking backlash [3] - Bitcoin hits a six-month low in open interest, signaling reduced derivatives activity [2] - Market sentiment is mixed regarding Monad, with some holders struggling to sell airdrops [1] Potential Risks & Opportunities - Social chatter centers on $pippin, touted for a potential pump, but labeled as a scam, showing classic pump-and-dump patterns [4] - Investors weigh potential relief rallies against ongoing market pressure and await key events like mainnet launches and ETF rollouts [2]