Market dynamics on July 22: The sharp rise of SOL public chain drives the MEME token to follow suit, Trump's inauguration may facilitate the approval of SOL ETF

I. Market Dynamics

1. The market is rising, with widespread increases in altcoins.

2. U.S stocks are falling, especially the leading tech stocks.

II. Market Focus

1. BTC is surging strongly. Biden's withdrawal greatly increases Trump's chances of winning, who is pro-crypto; this could lead to the resignation of the anti-crypto SEC chairman. Musk changed his profile picture to laser eyes and may attend the BTC conference on July 27th.

2. Public chain SOL has surged significantly, followed by RAY, WIF, BONK, BILLY etc within its ecosystem . If Trump takes office again, there will be a high probability for SOL ETF approval.

3. Chain abstraction ZRO has surged significantly as well with GSR acting as a market maker despite data showing a 90% drop after an air-drop event.

4.The new coins TIA and SEI have rebounded and are expected to unlock next month.