Solana (SOL) is down 1% on Tuesday following negative sentiment surrounding its upcoming $3 billion token unlock. Meanwhile, Franklin Templeton is likely entering the race for a Solana exchange-traded fund (ETF) following its filing for a Solana Trust in Delaware.
Ethereum (ETH) declined by 2% on Tuesday due to increased selling activity from long-term holders (LTHs) and a buy-the-dip strategy from whales. If this selling trend continues, ETH could drop to the support level near $2,200.
Uniswap’s native token, UNI, is up on Tuesday following the Mainnet rollout of its latest Unichain Layer 2 (L2) solution. Unichain promises to offer users faster and cheaper transactions than the Ethereum L1.
