A Solana accumulator purchased 249,500 SOL tokens (approximately $46.78 million) over four days through FalconX and Wintermute, on-chain analyst Yu Jin reports. The address has acquired 827,000 SOL (approximately $146 million) since late April, with all tokens staked at an average price of $177. The recent four-day buying spree accounts for nearly 30% of the wallet's six-month accumulation activity.

JPMorgan upgraded Coinbase stock from neutral to overweight and raised its price target from $342 to $404 on October 24, CNBC reported. Analyst Kenneth Worthington cited potential catalysts including a possible Base token launch, which the firm projects could reach a market capitalization between $12 billion and $34 billion. The bank also highlighted Coinbase's efforts to monetize USDC through its Coinbase One subscription service, which offers benefits such as subscription-based trading fees and enhanced USDC yields. JPMorgan's $404 target reflects a 50x price-to-earnings ratio applied to competitors Circle and Bullish, combined with Base token valuation, corresponding to Coinbase's projected 2027 earnings.