Memecoin POPCAT fell 43% on Wednesday after a trader executed a manipulation scheme on Hyperliquid, a decentralized exchange. An unknown actor withdrew $3 million USDC from OKX, distributed funds across 19 wallets, and built long positions worth $20 million to $30 million on POPCAT. The trader then abruptly removed a $30 million buy wall, triggering mass liquidations totaling approximately $63 million.

Solana is retesting a key demand zone between $145 and $155 that has held since November 4, following a nearly 10% decline from weekly highs of $171.90. The asset is trading around $155 as technical indicators suggest potential further decline toward $140. On-Balance Volume shows continued selling pressure while the Money Flow Index remains below 50, reinforcing bearish momentum.

Cathie Wood's Ark Invest purchased $30.5 million in Circle Internet Group shares on Wednesday across three ETFs. Circle's stock fell 12.2% to $86.3 despite the company reporting third-quarter revenue of $740 million, up 66% year-over-year, and net income of $214 million.

Uniswap's UNI token has gained more than 70% over the past week after the announcement of the UNIfication governance proposal. The plan introduces protocol fee activation and proposes burning 100 million UNI tokens, representing approximately 16% of circulating supply. Whale transactions reached a four-year high while new wallet creation hit a three-year peak.

A major Ethereum holder purchased 30,548 ETH valued at $105.36 million in a single transaction, according to Lookonchain. Since November 4, the whale has accumulated 385,718 ETH totaling approximately $1.33 billion, with roughly $270 million borrowed from Aave. Ethereum currently trades at approximately $3,479, holding just above its 200-day moving average.

Uniswap founder Hayden Adams introduced the UNIfication governance proposal, featuring protocol fee implementation, an $842 million token burn, and a buyback mechanism. UNI surged over 63% within one week, reaching $10 before settling near $8.57. The proposal allocates 0.3% of trading volume between liquidity providers (0.25%) and a buyback pool (0.05%), with projected annual buybacks of approximately $450 million.

Canary Capital submitted an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday, seeking approval for an exchange-traded fund tied to MOG Coin, according to the filing. The submission represents the investment firm's first attempt to launch a fund tracking a memecoin. The ETF may hold up to 5% in Ether to cover transaction costs on the Ethereum network.

Chainlink has declined 30.1% from $22.58 to $15.77 since early October, despite over 63 million LINK tokens leaving exchanges in the past month. Recent price recoveries have triggered profit-taking by holders, suggesting weak bullish conviction and potential for further losses. The pattern indicates investors remain cautious despite ongoing institutional partnerships.