The recent tweet from Milk Road Daily on April 30, 2025, at 10:15 AM UTC, highlighting Phantom Wallet and Rabby Wallet as their favorite crypto wallets, has sparked interest among traders and investors in the cryptocurrency space (Source: Twitter, Milk Road Daily, @MilkRoadDaily, April 30, 2025). This endorsement comes at a time when the crypto market is experiencing significant volatility, with Bitcoin (BTC) trading at $58,472.15 as of 11:00 AM UTC on April 30, 2025, down 2.3% over the past 24 hours, while Ethereum (ETH) stands at $2,935.67, reflecting a 1.8% decline in the same timeframe (Source: CoinMarketCap, April 30, 2025). The mention of these wallets is particularly relevant for traders focusing on decentralized finance (DeFi) and non-fungible tokens (NFTs), as both Phantom and Rabby are known for their seamless integration with Solana and Ethereum ecosystems, respectively. Phantom Wallet, primarily used for Solana-based transactions, has seen a surge in user activity, with daily active users reaching 1.2 million as of April 29, 2025, at 9:00 PM UTC (Source: Dune Analytics, Solana Dashboard, April 29, 2025). Meanwhile, Rabby Wallet, which supports multi-chain operations, reported a 15% increase in transaction volume over the past week, hitting $320 million in total value locked as of April 30, 2025, at 8:00 AM UTC (Source: DeBank, Rabby Wallet Metrics, April 30, 2025). This tweet could potentially influence market sentiment around wallet-related tokens and ecosystems, particularly for Solana (SOL), which is trading at $135.82, down 3.1% as of 11:00 AM UTC on April 30, 2025 (Source: CoinGecko, April 30, 2025). The timing of this endorsement aligns with a broader market downturn, as total crypto market capitalization dropped to $2.1 trillion, a 2.5% decrease in the last 24 hours as of 11:00 AM UTC (Source: CoinMarketCap, April 30, 2025). Traders should monitor whether this wallet hype translates into increased on-chain activity for related blockchain networks.

From a trading perspective, the mention of Phantom and Rabby Wallets by Milk Road Daily could signal potential opportunities in the Solana and Ethereum ecosystems, especially for DeFi and NFT-focused tokens. For instance, Solana’s trading volume spiked by 18% to $1.8 billion in the 24 hours leading up to April 30, 2025, at 10:00 AM UTC, likely driven by increased wallet usage and DeFi activity (Source: CoinGecko, Solana Trading Data, April 30, 2025). Ethereum, on the other hand, recorded a trading volume of $12.5 billion in the same period, with a notable uptick in transactions involving ERC-20 tokens, which are often managed via wallets like Rabby (Source: Etherscan, April 30, 2025). The correlation between wallet endorsements and on-chain metrics suggests a possible short-term bullish sentiment for SOL/BTC and ETH/BTC trading pairs. As of 11:00 AM UTC on April 30, 2025, the SOL/BTC pair is trading at 0.002324, down 0.8% over the past day, while ETH/BTC stands at 0.0502, down 0.5% in the same timeframe (Source: Binance, April 30, 2025). Traders might consider monitoring these pairs for potential breakout patterns if wallet adoption drives further volume. Additionally, the tweet’s impact on AI-related tokens tied to blockchain infrastructure, such as Fetch.ai (FET), trading at $1.23 with a 24-hour volume of $180 million as of 11:00 AM UTC, could be worth tracking, given AI’s growing role in optimizing wallet security and transaction efficiency (Source: CoinMarketCap, April 30, 2025). The intersection of AI and crypto wallet usage could create niche trading opportunities, especially if AI-driven features are integrated into platforms like Phantom or Rabby.

Diving into technical indicators, Solana’s price action shows a bearish trend with the Relative Strength Index (RSI) at 42 as of 11:00 AM UTC on April 30, 2025, indicating oversold conditions that could precede a reversal if wallet-driven volume increases (Source: TradingView, SOL/USDT Chart, April 30, 2025). Ethereum’s RSI stands at 45 in the same timeframe, similarly suggesting potential for recovery (Source: TradingView, ETH/USDT Chart, April 30, 2025). Bitcoin’s dominance index is currently at 54.3%, slightly up by 0.2% over the past 24 hours as of 11:00 AM UTC, which may pressure altcoins like SOL and ETH unless unique catalysts like wallet endorsements shift sentiment (Source: CoinMarketCap, BTC Dominance, April 30, 2025). On-chain data further supports cautious optimism, with Solana recording 5.4 million transactions in the last 24 hours as of 10:00 AM UTC, a 10% increase compared to the previous day, potentially tied to Phantom Wallet usage (Source: Solscan, April 30, 2025). Ethereum’s gas fees have also risen by 7% to an average of 12 Gwei in the same period, reflecting heightened network activity that could correlate with Rabby Wallet’s multi-chain operations (Source: Etherscan Gas Tracker, April 30, 2025). Regarding AI-crypto correlation, tokens like Fetch.ai show a 24-hour trading volume increase of 5% to $180 million as of 11:00 AM UTC, possibly influenced by growing interest in AI-enhanced blockchain tools, including wallets (Source: CoinGecko, FET Data, April 30, 2025). Traders should watch for sustained volume growth in these areas, as AI-driven sentiment could amplify the impact of wallet endorsements on market dynamics. For those exploring crypto wallet trading strategies, Solana DeFi trading, or AI crypto market trends, staying updated on such endorsements is crucial.

FAQ Section:
What is the impact of wallet endorsements on crypto prices?
Wallet endorsements, like the one from Milk Road Daily on April 30, 2025, can influence market sentiment, particularly for blockchain ecosystems tied to the endorsed wallets. For instance, Solana’s trading volume rose by 18% to $1.8 billion in the 24 hours leading up to April 30, 2025, at 10:00 AM UTC, potentially linked to Phantom Wallet’s mention (Source: CoinGecko, April 30, 2025).

How do AI tokens correlate with crypto wallet news?
AI tokens like Fetch.ai saw a 5% volume increase to $180 million as of 11:00 AM UTC on April 30, 2025, reflecting interest in AI’s role in blockchain infrastructure, including wallet security. Such news can indirectly boost AI-crypto crossover trading opportunities (Source: CoinGecko, April 30, 2025).