According to @secondswap_io, the team stated it is building the home for secondary markets on-chain, indicating development of an on-chain secondary trading venue. Source: @secondswap_io on X https://twitter.com/secondswap_io/status/1992867143034228970. The post links to a Raydium status but discloses no launch timeline, token details, or listing information in the announcement. Sources: @secondswap_io on X https://twitter.com/secondswap_io/status/1992867143034228970; Raydium on X https://x.com/Raydium/status/1992760782065725693. For traders, the post presents no immediate tradeable catalyst; monitoring official updates is required to identify any forthcoming liquidity events, integrations, or market listings once announced. Source: @secondswap_io on X https://twitter.com/secondswap_io/status/1992867143034228970.

According to Julian Kwan, the next RWA cycle will be led by verifiable and scalable asset flows rather than headlines, directing traders to prioritize tokens and protocols that prove real collateral and cash flows on-chain; source: Julian Kwan on X, handle julian2kwan, Nov 21, 2025. Actionable signals include sustained net inflows and outflows that are auditable on-chain, scalable mint and redemption activity that settles reliably at volume, and improving secondary market depth and tighter spreads as infrastructure professionalizes; source: Julian Kwan on X, handle julian2kwan, Nov 21, 2025. This framework implies allocating attention to RWA platforms with transparent proofs and operational throughput while being cautious with narrative-only tokens, using on-chain flow confirmation to time entries and exits; source: Julian Kwan on X, handle julian2kwan, Nov 21, 2025. In short, trade the proof of flows and the quality of infrastructure, not the headline narratives, to capture liquidity-driven opportunities in tokenized assets; source: Julian Kwan on X, handle julian2kwan, Nov 21, 2025.

According to @PANewsCN, the MegaETH public sale has attracted $954 million in bid demand against a $50 million hard cap, equating to 19.1x oversubscription, source: @PANewsCN. According to @PANewsCN, the public sale ends in 11 hours 50 minutes from the report time and, based on these figures, only about 5.2% of submitted capital can be accepted at most, source: @PANewsCN. According to @PANewsCN, the combination of high oversubscription and a tight cap indicates extremely limited fill rates, which is critical for traders evaluating allocation sizing and near-term supply constraints, source: @PANewsCN.

According to @adriannewman21, crypto funding is pivoting from traditional VC to liquid venture via token-based crowdfunding, moving risk and liquidity earlier into public markets and away from private rounds; source: @adriannewman21 on X. For traders, this implies more early-stage token listings, faster price discovery, and higher volatility around TGEs and launchpads, while the IPO analogy underscores the need to evaluate exit pathways and token lockups when allocating to new token sales; source: @adriannewman21 on X.

According to @secondswap_io, SecondSwap has launched a live marketplace on AVAX and Solana, enabling users to list and trade their locked tokens directly with interested buyers. This platform provides an alternative to acquiring distressed crypto companies by facilitating secondary market liquidity for locked tokens. This development is likely to impact trading volumes and price discovery for AVAX and SOL token holders, as well as other token ecosystems seeking exit liquidity for illiquid assets (source: @secondswap_io).