Ondo Finance announced on January 21, 2026 that Ondo Global Markets is launching on Solana, bringing over 200 tokenized U.S. stocks and exchange-traded funds (ETFs)-backed by liquidity from NASDAQ and NYSE-to Solana’s ecosystem and its 3.2 million daily active users. Because nothing says “trust me” like a stock exchange’s liquidity.
Meanwhile, the crypto market, which prior to Trump’s ambition was as volatile as a caffeinated squirrel, took a nosedive. Bitcoin, the poster child of digital gold, lost 15% of its sparkle, and the supporting cast-those lower-tier altcoins-were down a staggering 70 to 90 percent. Predictably, markets didn’t quite follow the script of what everyone hoped for, because markets are about as predictable as a toddler with a fiery paintbrush.
At first glance, this collapse resembles a bearish ballad sung by the wind. But when one peers into the fog of participation, holder behavior, and derivatives, the melody shifts. Ah, yes-the story unfolds not as a simple dirge but as a farcical opera of market madness.
While the crypto markets, ever the opportunistic optimist, rallied like a dog chasing a car it didn’t understand, the human cost was steep. One might call it a masterclass in the art of the political about-face.
Solana, that tragicomic hero of crypto, failed to hold above $140, joining Bitcoin and Ethereum in their grand opera of decline. It slithered below $138 and $135, as if the very numbers conspired to mock it. The bears, now in full regalia, have dragged it below $132, where a pitiful low of $124 was etched into the annals of history.
“Ah, November,” mused Glassnode on X, “when the market trembled like a nervous debutante, and the whales-those leviathans of liquidity-swooped in to feast.” Their Accumulation Trend Score, a contraption of algorithms and perhaps a crystal ball, revealed the truth: the big players gobbled up BTC while the little folks, bless their panic-stricken hearts, sold their digital crumbs to buy groceries or therapy sessions.
Fresh whispers from the oracle Arkham reveal that Saylor’s audacity knows no bounds. In a single week, Strategy Inc. has devoured a jaw-dropping $2.16 billion in BTC, as if the red charts were but a quaint decoration. The average price? A mere $95,284. One wonders if Saylor’s pockets are lined with the very fabric of hubris.
Alas, our heroine could not maintain her dignity above the respectable threshold of $91,000. No sooner had she been declared ‘recovered’ than she plunged with alarming speed through $90,000, then $89,500, as if pursued by creditors-or worse, one’s mother-in-law.
The chorus was led by none other than Nic Carter, that doyen of Castle Island Ventures, who proclaimed with a flourish: “Bitcoin’s ‘mysterious’ underperformance (due to quantum) is the only story that matters this year.” Ah, Nic, ever the dramatist! And let us not forget Christopher Wood, the Wall Street strategist, who, with a flourish of his quill, banished Bitcoin from his model portfolio, citing quantum fears. How very prudent-or is it merely theatrical?
The price of SOL, that fickle mistress, now languishes near the $120-$130 threshold, a crossroads where hope and despair entwine. The SKR token, born of humble $0.006, ascended swiftly to $0.01, its market cap swelling past $70 million-a meteoric rise that would make even the most jaded investor blink in astonishment.
