Ethereum ETF Exodus: Market Meltdown Worth Nearly Half a Billion!
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Gather ’round, crypto adventurers! MemeCore (M), Story (IP), Pump.fun (PUMP), Sky (SKY), and POL (POL) are currently hogging the weekly gains spotlight, according to our trusty oracle, CoinGecko. Yes, that’s right-those are the five sagely chosen champions in this week’s tale of upward spirals and dollar signs.

So, Sol Strategies, they’re holding something like 400,000 SOL. Four. Hundred. Thousand! It’s a pile of digital shekels, I tell ya! And now, Wall Street gets a whiff of it. They finally noticed there’s something happening in the crypto world besides rug pulls and Dogecoin. It’s about time! It’s like bringing a bagel to a fancy tea party – a little unconventional, but surprisingly effective.

Flux, for those of you who missed the memo, is the cumulative net flow of ETH. A positive flux means more deposits (read: panic selling), while a negative flux means more outflows-cue the aggressive buyers, probably wearing lab coats and whispering “this one’s a keeper.” 🤝
Here’s the scoop on how you can spend your digital doubloons today-with a dash of humor, sarcasm, and emojis because why not? 😏

Mark well, dear reader, the sage observations of Arab Chain, a CryptoQuant luminary, who doth proclaim that from the 16th of August to the 3rd of September, Ethereum’s Binance Exchange Supply Ratio (ESR) hath plummeted with dramatic flair! Though ETH’s price remaineth steadfast in the mid-$4,000 realm, its ESR hath tumbled from 0.041 to 0.037, a decline most precipitous, all within a fortnight! 🕊️
Robinhood, the app that made trading as easy as ordering a pizza, is now a big kid in the U.S. markets. They’ve been shaking things up by letting people trade without paying those pesky commissions. And you know what? It’s working. Their stock jumped over 7%, like they just won the lottery. 🎉
But wait, there’s more! As if one giant crypto swap wasn’t enough, XRPscan decided to play informant, spilling the beans about not just one, but TWO massive moves by our friends in San Francisco – the Silicon Valley’s favorite financial wizardry club.
This wasn’t some one-off hiccup, either. No sir, it was the tail end of a four-day tantrum starting August 29, where over $500 million hoofed it out the door faster than a scarecrow in a windstorm. The market felt the chill too-ETH stumbled down to $4,300, losing a modest 1.7% over the week, like a tired old horse deciding to take a break.

Ah, the joys of cryptocurrency. Just when you think a project is back on track, it trips over its own feet. Solana’s [SOL]-based liquid staking protocol, Jito [JTO], decided to shake things up with a “revamped” tokenomics plan for its governance token. But did it work? Spoiler alert: not really.