Last Night’s Crypto Highlights — Get the Market Focus in 1 Minute! | November 18th
AI Summary2 min read
TL;DR
Crypto markets slid with stocks, privacy coins face rising risk, and Monad's public sale started. Key events include liquidations and calls to reclaim crypto's native spirit amid bearish trends.
Tags
Solana EcosystemSEC Security TokenGovernancecryptoBTCMonadprivacy coinsliquidation
1⃣ $BTC, $ETH, $SOL continued to slide. All three major U.S. stock indexes closed lower, and crypto-related stocks also plunged. With strong correlation between stocks and crypto, a rebound likely depends on U.S. equities stabilizing.
2⃣ $ZEC failed four times at the 750 level and pulled back. $DASH, $ZEN, and other privacy coins are showing similar patterns. $SRTK spiked then retraced. Risk in the privacy-coin sector is rising.
3⃣ Monad ($MON) token public sale has officially started on Coinbase. Price: 0.025 USDC, with 7.5% of total supply on sale. The sale ends Sunday the 23rd. Pre-market quotes remain around 0.04 USDC.
4⃣ $ASTER remains strong, currently at 1.2U. $HYPE also shows resilience at 39.5U. $GIGGLE and $币安人生 are outperforming the market — worth watching.
5⃣ Major crypto treasury assets mNAV have fallen below 1:
— Strategy down to 0.937
— Bitmine down to 0.83
This means their market caps are now below the value of their token holdings.
6⃣ TheKingfisher reports: Liquidation maps show the $BTC 93k-long cluster has been wiped out. The next liquidity concentration sits around 85k, with the lowest zone near 82.5k.
7⃣ Solana Foundation President Lily Liu said: Application-chain infrastructure that embraces “crypto-native spirit” is being crushed by corporate giants. “Enterprise chains” are killing crypto’s soul — we must reclaim our native ethos.
8⃣ Well-known analytics platform DappRadar announced it will shut down due to financial difficulties. $RADAR plunged over 30%. A classic bear-market symptom.