
The United States M2 money supply has reached a new record of $22.3 trillion, rising at the fastest pace since mid-2022. M2 tracks cash, checking deposits and easily accessible money. It is one of the strongest indicators of upcoming liquidity in markets.
Historically, whenever M2 turns higher, Bitcoin and the broader crypto market follow. When M2 slows, crypto typically falls. This simple relationship is now flashing a clear signal that fresh liquidity is entering the system again. Analysts say the market has not yet priced in this new liquidity cycle, making current levels important.
Solana continues to benefit from fast, cheap transactions and a large ecosystem of DeFi platforms, tokenized assets and consumer apps.
There are already seven Solana spot ETFs trading and two more pending approval. The Bitwise SOL ETF is currently the most popular, and assets across all Solana ETFs are approaching $900 million. With SOL trading near $135, the analyst said the network might be all set to absorb fresh capital when liquidity expands.
The Sui network has been hitting new highs in DeFi activity, including more than $175 billion in DEX volume. The ecosystem continues to grow with support from Mysten Labs and ongoing developer expansion, making Sui one of the newer chains likely to benefit from a rising M2 environment.
Ripple’s XRP already has five spot ETFs live and three more pending. Combined assets under management across these ETFs have reached nearly $1 billion. Around $478 million worth of XRP is locked in ETF vaults, equal to roughly 0.5% of the total supply.
XRP still faces long-standing concerns over its token release schedule, since only 60% of its 100 billion supply is in circulation. Even so, XRP historically responds strongly when liquidity rises, and it could follow the broader M2 trend.
Chainlink recently saw its first spot ETF launched by Grayscale, which recorded $37 million in inflows on its opening day. A second ETF from Bitwise is expected soon. Chainlink’s CCIP system supports over 70 blockchains and plays a key role in real-world asset tokenization.
Large institutions, including BlackRock, are expanding into tokenized assets and using Chainlink’s infrastructure. At around $14, LINK is seen as undervalued relative to its growing role in institutional blockchain activity.
Ethereum remains the second-largest ETF market in crypto. The recent Fusaka upgrade improved Ethereum’s speed, cost and scaling. Layer-2 networks now pay more fees to Ethereum, increasing ETH burn and raising hopes of a return to deflation.
Fund manager Tom Lee continues to buy ETH aggressively, now holding 3.5 million ETH worth around $11 billion. Lee has issued a long-term price target of $62,000 per ETH, though this depends on broader liquidity conditions.
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