ETH ETFs Recorded -$465.10M Net Inflow but Indicators Suggest a Parabolic Run for Solana and Unilabs Finance (UNIL)

U.S. spot ETH ETFs recorded $465.10 million in net outflows on Monday, the largest single-day outflow so far. However, indicators suggest a big leap in the Solana price and Unilabs Finance's UNIL token. Considered the best crypto to buy now, especially the AI-DeFi token UNIL, whales and retailers have been stacking up. 

ETH ETFs Nosedived; What Does it Mean? 

According to Coinglass, the US spot ETH ETFs recorded a staggering $465.10 million in net outflows on Monday, with BlackRock’s ETHA leading with $375 million. Unsurprisingly, the Ethereum price took a downswing, marked by a 6% dip over the past seven days.

Since its monthly high of $3.9, the ETH price has dropped to $3,500, with technical indicators suggesting further price downtrend. However, experts are optimistic about a bounce, especially with daily trading volume increasing (a 10% surge over the past 24 hours). Additionally, net inflows into ETH ETFs could be a bullish catalyst.

Moreover, active addresses (monthly) have surged to 8.5 million, indicating growing investor interest. Additionally, Token Terminal recorded a 50% increase in revenue over the past 30 days ($24.7 million), highlighting rising adoption of the smart contract platform. Hence, strong volume, plus net inflows into ETH ETFs, might be enough to drive a rebound.

The Solana Price Might be On Track for a Significant Upswing

The Solana price has been consolidating between $160 and $165 these past few days, suggesting a breakout might be near. Moreover, momentum has been building up, highlighted by the daily trading volume surpassing $4.8 billion.

Bulls’ resilience could push the Layer-1 coin above $170 in the coming days and potentially retest $200 in August. With a new ATH expected this year—surpassing January’s $294—it is among the best cryptos to buy now at the current price.

Adding to this bullish outlook are technical indicators, signaling a potential bounce in the Solana price. The RSI is neutral at 43.48, suggesting the L1 token is in an oversold area. Meanwhile, Uchennà Dávid sees the Solana price hitting $230 during its next leg up and soaring as high as $1,000 this cycle.

Unilabs Finance (UNIL) — Anticipated Explosive Growth Amid Massive Retail and Whale Interest

Unilabs Finance (UNIL) is in the spotlight for its unique narrative, which spans artificial intelligence, decentralized finance and traditional finance. At this intersection, it will be the world’s first AI-backed DeFi asset manager, sparking substantial interest and demand among retail and large-volume investors.

A whopping 1.6 billion tokens have been sold and $11.4 million has been raised in early funding in the sixth ICO stage. Moreover, experts consider it to be heavily discounted at $0.0097, with a 415% gain projected at the listing price of $0.05. Backed by a bullish narrative (AI and DeFi), its outlook is promising and it is considered one of the best cryptos to buy now.

Meanwhile, it intends to address a real-world problem by providing an alternative to traditional financial markets. This further adds to the token price outlook, making it a must-have. While it can be compared to Uniswap, a leading DEX with a $5.9 billion market cap, users receiving 30% of the total platform-generated fees make it more appealing.

Closing Thoughts

While ETH ETFs stall amid a $465 million net outflow on Monday, the Solana price is primed for a big leap. Additionally, the UNIL token is believed to be among the best cryptos to buy now. This can be attributed to its bullish narrative (a blend of AI, DeFi and TradFi) and growth prospects as a top ICO.

For more information about Unilabs Finance (UNIL) visit the links below:

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