Liquidity Loves a Comeback: Solana’s $120M Revival

Solana just pulled in over $120M in fresh liquidity this month, mostly from Ethereum and Arbitrum—signaling a sleek return to form after the $485M outflow post-LIBRA memecoin scandal.

Memecoins are rallying hard (POPCAT up 79%, FARTCOIN 51%), but network fees remain sluggish—just $22M so far in April, compared to $400M in January.

Technicals still look shaky. SOL needs to break $147 to flip bullish, but bearish divergence on lower timeframes hints at more downside. Key levels? Support at $117, resistance at $144, and $129 as the pivotal line in the sand.

Two-Week Crypto Recap

Over the past two weeks, LOFI soared +400%, Aergo (AERGO) jumped +220%, and Treasure (MAGIC) climbed +170%—all driven by renewed interest in altcoins and Web3 narratives. Meanwhile, MANTRA (OM) tanked -91% amid internal issues and shaken investor confidence.

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Crypto’s Q1 Slumps, But Q2 Looks Bright

Q1 2025 was crypto’s worst in years—Bitcoin fell 12%, Ether 45%. Bitwise’s Matt Hougan called it the “best worst quarter” ever. Still, optimism is brewing: a rising global money supply, record stablecoin growth ($218M AUM), and fresh US regulation could fuel a Q2 rebound. Hougan’s still eyeing $200K Bitcoin by year-end. Sentiment’s low, but the setup’s strong—Q2 might flip the script.

Altcoins might be back on the menu

Altcoins could see a Q2 comeback, says Sygnum Bank, driven by improved regulation and strong user growth. While Bitcoin dominance is high, Layer-1s like Toncoin and Sui are gaining attention, and Base is riding the memecoin wave. Institutions are quietly bullish. The tone? Calculated optimism.

OM Token Tanks 90% in 24 Hours

Mantra’s OM token nosedived from $6 to $0.50, wiping out $5B in market cap. The drama? Massive token dumps by 17 wallets and suspected forced liquidations during low-liquidity hours. Mantra’s CEO blamed centralized exchanges for triggering the plunge. Despite the chaos, Mantra still holds a $1B tokenization deal and a fresh $108M fund. But confidence? Shaky at best.