Solana surged by 12.9% to 198.48 USD, and Chainlink rose 12.5% to 24.21 USD after July’s Consumer Price Index revealed inflation at 2.7%, less than expected. The projected likelihood for a September rate cut increased, favoring market sentiment.
Analysts, including Min Jung from Presto, warn that market manipulation is increasingly driven by institutional investors, rather than retail speculation. They caution that the growing leverage poses a risk, potentially resulting in sharp reversals across altcoins.
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