Guy Fawkes 
Crypto markets kicked off with a bang today with the US government data hitting blockchains for the first time. Pyth Network and Chainlink teamed up with the Commerce Department to push GDP figures onto crypto chains like Solana and Ethereum. Following it, Pyth crypto price action went wild, while TON and LINK holders cleaning up their bruises.
Pyth stole the crypto show, skyrocketing by 70% hours after the announcement. Money is flowing in as the oracle’s role in real-time data delivery is validated by Uncle Sam. Meanwhile, Solana is still surfing its wave, with its ecosystem metrics hitting a new high.
(PYTH/USD, source – TradingView)
TON, on the other hand, hit rough waters, dipping toward $2.60 support amid builder exodus dramas. The community is in frustration over liquidity snags and failed promises. Even with Telegram ties, sentiment is getting more soured and on-chain activity flatlined.
(TON/USD, source – TradingView)
DISCOVER: Top Solana Meme Coins to Buy in 2025
Expectation on LINK, SOL, and PYTH Crypto
Chainlink is now consolidating with exchange supplies at record lows. People venting online about supply emissions that are outpacing demand, calling out LINK team for the stagnation. However, the new Reserve program is quietly funneling revenue into buybacks. So, a turnaround could be in the play. LINK comes with SBI and Euroclear partnership, but price is still lagging. On-chain data shows that whales has been snapping up LINK aggressively.
Solana still having momentum with 600 million weekly transactions and a record of 81% DEX volume dominance. Developer counts blast paet 83% to over 7,600, not to forget the ETF filings from VanEck and Bitwise. Firedancer update also promised 100x scale, drawing in Visa and BlackRock.
SOL TVL has climbed to yearly peaks, with 107k TPS bursts. Memecoin hype and tokenized stocks have been the reasons for SOL volume bumps. PayPal and upcoming Alpenglow will likely drive Solana beyond $250.
(SOL TVL, source – Defillama)
Besides the other players, Pyth has pushed its market cap above $1 billion, a big crypto number not seen since May. The US-Pyth has a partnership to deliver GDP data across 10 chains, pumping the crypto trading volume up to 70%.
Pyth crypto benefited a lot from Solana’s ecosystem, especially with permissionless Governance. Pyth has been rewarding stakers with cross-chain crypto airdrops. As oracles bridged TradFi and DeFi, Pyth explosive adoption could be coming if not ongoing.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
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Altcoin Relative Strength Index Is Hitting Oversold Level
The altcoin market is dipping, but RSI is flashing oversold, a level that usually precedes a rally upside.
Will crypto bounce from here?
Altcoins are oversold.
History is repeating.
Yet most people will panic sell right before the daily 100x gains.
Don’t be like most people! pic.twitter.com/oG6uCaLG01
— Crypto Rover (@rovercrc) August 29, 2025
Helium HNT Poised for a Rally: New Price Analysis Reveals Why
Helium HNT Mobile is one of the crypto companies that keeps on building. Its base is continually growing in the background as the team pushes out new developments. The new tokenomics model redirects 100% of Helium Mobile’s monthly subscriber revenue to burn HNT crypto, thus creating scarcity and, in theory, increasing value.
HNT is burned to create Data Credits, which are used to pay for all network activity, including data transfer on IoT and the 5G networks.
Put simply: More users -> more network activity -> more HNT burned.
As a growing DePIN project backed by investors such as Andreessen Horowitz, GV (formerly Google Ventures), Pantera Capital, Deutsche Telecom, Goodyear Ventures (yes, the tyre company), and others, Helium Mobile’s HNT is set to be one of the better-performing coins during the next DePIN season.
More here.
Forget Mortgage Quote: Crypto and Memecoins Can Change Your Life
Crypto memecoins are rewriting financial playbooks, pulling retails from the sadness of hearing a mortgage quote into millionaires. With the memecoin’s market cap hitting $74.5 billion and daily volumes at $6.6 billion, these tokens are one of the paths to find financial freedom.
Memecoins like Dogecoin, SHIB, and PEPE deliver returns that shatter traditional finance. There is just no way to turn into a millionaire in less than a month unless it’s from memecoin, especially with dog-themed category.
(Memecoin Growth, source – CoinGecko)
Retails are flipping small bets into millions every year from memecoins. Solana memecoins hype last year resulted in hundreds of 1000x coins. This year, Trump-linked tokens run to its all time high of $73 billion fully-diluted value market cap. Ther president showed memecoins’ raw energy, giving people the opportunity to be millionaires.
Shiba Inu SHIB was the top memecoins during the last bull run, printing millionaires, making people forget mortgage quote.
This is no dream.
REALITY.
JUST HOLD.#SHIB #shibainu #shiba #shibainucoin #ShibaCoin #ShibaArmy #cryptocurrency #cryptocurrencies #Cryptos #crypto #CryptoNews #HODLing #HODL #hodlers pic.twitter.com/3wtekVq0jT— shiba inu (@Shiba2adollar) October 9, 2021
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Full story here.
The post Today Crypto News, August 29 – Ton and Chainlink Bottoming, Solana and Pyth Crypto Network Going appeared first on 99Bitcoins.
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