- Solana ETFs face SEC reviews this January, with applications from Grayscale and others potentially shaping future ETF trends.
- Ondo Finance anticipates a $3 billion token unlock, creating potential buying opportunities after historical price fluctuations.
- SUI’s DeFi growth and Sonic’s Binance listing highlight key advancements in scalability, innovation, and market positioning.
January 2025 promises key events in the crypto market, with changes anticipated to influence altcoin performance. The upcoming inauguration of President Trump and the appointment of a new SEC chair could change the regulatory sector, as major events are scheduled to coincide with these transitions.
Solana ETFs and SEC Developments
Solana (SOL) might see increased attention this month. The SEC is scheduled to review Solana ETF applications starting January 23. Grayscale’s proposal to convert its Solana Trust Fund into an ETF leads the lineup, followed by applications from VanEck, 21Shares, Canary, and Bitwise on January 25.
While immediate approvals may be unlikely under incoming SEC chair Paul Atkins, these discussions could influence the future ETF trends. Unexpected actions from outgoing chair Gary Gensler could lead to reapplications.
Ondo Finance Token Unlocks
Ondo Finance (ONDO), a leader in Real World Assets (RWA), is another altcoin expected to get attention. Recent purchases by World Liberty Financial DeFi, including $250,000 worth of Ondo tokens, show its appeal.
Additionally, a substantial token unlock scheduled for January 18 could influence its price. This unlock involves 1.94 billion tokens, valued at approximately $3 billion at current prices. Historically, such events may lead to price dips, presenting buying opportunities for investors.
SUI and Sonic: Expansion and Listings
SUI, known for its rapid growth in DeFi, has surpassed $1.6 billion in Total Value Locked (TVL), driven by strategic launches and partnerships. Innovations like the SUI Naming Service and its ecosystem’s expansion into gaming have solidified its position.
Meanwhile, Sonic, formerly Phantom, is up for a Binance listing on January 16. Sonic’s advancements in transaction speed and scalability, alongside anticipated price movement from the listing, position it as a noteworthy altcoin this month.
