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Exchange Tokens vs. Protocol Coins: Know the Difference In crypto, not all coins are created equal. Understanding the split between exchange tokens and protocol coins is crucial for any informed investor. Exchange Tokens (like BNB, CRO): Think of these as "company loyalty points." They are issued by centralized trading platforms (like Binance or Crypto.com). Their value is tied directly to that company's success and user growth. You use them primarily for utility within their ecosystem: to pay for trading fees at a discount, stake for rewards, or get access to exclusive token sales. Their strength is clear, immediate utility, but they carry centralization risk—if the company faces regulatory issues or collapses (see FTX), the token can be devastated. Protocol Coins (like ETH, SOL, AVAX): These are "digital infrastructure." They are the native asset of a decentralized blockchain network. Their value comes from the adoption and usage of the protocol itself. You use them to pay for transaction fees (gas), secure the network via staking, or participate in governance. They represent a bet on the technological future and network effects of that blockchain. The Bottom Line: Exchange tokens are a bet on a company's execution. Protocol coins are a bet on a decentralized ecosystem's adoption. Diversifying with an understanding of this fundamental difference is key to navigating the crypto landscape

$SOL : Price has broken above the descending trendline, possibly kicking off a wave-(C) move to the upside, with $130 as a potential target. Staying above the trendline will be key to keeping this bullish momentum intact

ON-CHAIN ALERT: #pumpfun CASHING OUT BIG  It looks like #Pumpfun just offloaded another $50M around 11 hours ago. Here’s the Bigger Picture 👇 🔹 Since Oct 15, 617.5M $USDC sent from #pumpfun to Kraken 🔹 In the same period, 1.1B $USDC flowed from Kraken → Circle 🔹 Between May 2024 – Aug 2025, #pumpfun sold 4.19M $SOL ($757M) 🔹 Avg sell price: $181 Breakdown: 🔹 264K $SOL dumped on-chain for $41.6M 🔹 3.93M $SOL ($715.5M) deposited to Kraken

COINOTAG News, citing Coinglass data, notes that the crypto spot market experienced notable liquidity shifts over the past 24 hours. The dominant net outflows were concentrated in leading assets, with Bitcoin (BTC) shedding $65 million and Ethereum (ETH) retreating by $24 million, along with smaller drains in GAS, FLOW, and LPT. On the inflow side, buyers favored a cluster of altcoins, with TRX (+$12 million), SOL (+$10.13 million), SUI (+$7.23 million), ZEC (+$6.2 million) and ADA (+$5.3 million) recording the strongest net inflows in the spot market. The data indicate a mixed liquidity picture for the crypto market, with net outflows concentrated in key assets and selective inflows into alternative tokens. This COINOTAG News report, based on Coinglass figures, adds granularity to the prevailing market narrative.