Solana: Wall Street's Bitcoin Replacement?

**SPEAKER_1** (0:01)
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**SPEAKER_2** (0:27)
Wayfair, every style, every home. This is Discover Crypto, and we have a huge show for you today. We got to talk about Solana and Wall Street's insatiable appetite for this altcoin, and how do the altcoin flows for Solana compared to XRP and Bitcoin and Ethereum. I'm joined here by Drew. We're going to talk about some commodity updates as well. We got some other altcoin news. We're going to talk about Chainlink. Tons and tons of stuff to cover today. But Drew, how are you doing today? I'm liking the S-curl. Do we like Drew's bang?

**Drew** (0:57)
That's by accident. I'm doing good. I'm doing good. And actually, I was kind of thinking about it is pretty impressive to see Solana inflows with everything going on. I was thinking through the altcoin sector. Solana has been quite impressive. So I'm liking the angle of the show today. Bitcoin showing some interesting signs of pumpiness right now. Kind of came in and alerting over $70K. Now, it's been a hectic market open here. So I definitely do acknowledge that. But there's a lot of volatility on. It's kind of a trader's best friend in this market.
And I kind of joked about us pumping off of the conflict news. Unfortunately, we keep moving up since the news broke here. So a lot to digest right now. And I've seen a lot of familiar faces in the crowd. Good to see you all.

**SPEAKER_2** (1:44)
Always good to see you. Now, let's go ahead and draw some lines here. Now, I do believe it looks like we got a little bit of a, maybe somewhat of a parallel range. And right now, we are losing that range. We are falling down below. So now the bears are trying to take control as things are escalating. We're getting mixed signals from Pete Hegseth this morning. We're going to talk about, he had a press conference a couple hours ago. I do have the details from that, but we are going to cover some crypto news first. Solana, yeah, Solana. Huge, huge gains when you look at the max. Let's go to the 24 hour. It is up marginally. The pullback this morning has taken away a lot of the gains. There's a lot of coins that are deep into the green, and now we're starting to roll back all of these. We're saying 3%, 4%, 8%, and now we're starting to see 0%, 0.3%, 2%.
So we are starting to see a little bit of a pullback from the bullish period we were feeling earlier. Looking, we have stable Jupiter. Big news with Jupiter. We're going to talk about Jupiter. Jupiter and Chainlink, Drew. There's a Jupiter Chainlink situation going on. This is breaking news here. XLM. How about that? XLM is up. Render is up. And we're seeing Dogecoin is up. Swee is up. Zcash. Pumped.Fun is up. Let's look at the big losers here. Knight. Knight with a severe pullback here. And Trump. Looks like the MAGA community, not so happy with Trump's recent comments. We're going to talk about that as well. Maybe a little bit of some mixed signals over here, Drew. He waits for the market to close, and then that's when he ratchets up the tension. Is that good or bad?

**Drew** (3:13)
I mean, I think it's probably better to do it that way than letting the markets just cascade to the downside. Like that's why he's been releasing all the craziest news on Friday after markets close. Let some of the dust settle from the news. Trump coin, I think, is actually below where, like obviously it came out, it had to have come out really lower than that. But when I covered it, it's like five minutes after that coin launched and it was already at $5. To see it at $2 and some change right now, that just shows the sentiment in meme coins.
The air has been taken out. And that's where Bitcoin dominance, it was showing a little bit of sign of weakness, but waking up today, it's looking pretty strong, man.

**SPEAKER_2** (3:58)
Looking pretty good, looking pretty good. Now, I do want to cover the Discord, did get some more trades in, got some trades in this morning. I did get in. It looks like they're flipping short. So now it's flipping to the shorts. Couple got stopped, but I am in this little bit of a render long. We are in profit on that one. What are we at? Just marginally. But now that they're flipping short, I might go ahead, cut and run, as we're looking at some of these trades here. Let's talk about Solana. Solana, the reason we're talking about Solana is this story. Gotta cover this news back when it happened.