Solana has reclaimed center stage in the crypto market after its recent surge. The price of $SOL has bounced back to the 81 dollar range, and its strengthening against Bitcoin has caught the attention of short-term traders. While the overall altcoin market remains mixed, some analysts argue that Solana’s technical picture appears notably more constructive than its peers.
A key breakout versus BitcoinThe analyst known as ChiefraFba highlights that the SOL/BTC trading pair has broken above a long-standing downtrend. The chart shows movement from the 0.00108 level towards 0.00133, suggesting a reversal. Because periods of strength against Bitcoin often lead to stronger dollar valuations for Solana, this breakout is being monitored closely.
The chart shared by ChiefraFba indicates that the SOL/BTC pair has decisively cleared its multi-month downward trend, supporting a bullish technical scenario for Solana.
If this uptrend holds, $SOL faces its first significant resistance between 83 and 84 dollars. Successfully overcoming this range would clear the path toward the next target at 87 dollars.
Support and resistance levels in focusA recent table of key technical regions for Solana reinforces the importance of the current levels. On the SOL/BTC pair, the 0.00108 to 0.00133 zone marks the breakout area. Against the US dollar, the 83 to 84 dollar band is the first key resistance, with 86 to 87 dollars as the subsequent upside target.
The 80 dollar support could play a pivotal role in the short termCrypto Tony notes that, after a brief pullback, $SOL could resume its climb if it holds above crucial support. In this outlook, the 79 to 80 dollar area becomes critically important. As long as Solana maintains this foundation, the door remains open for rallies first into 83 to 84 dollars and then toward the 86 to 87 dollar region.
Crypto Tony emphasizes that bulls will want to see $SOL stay above the 79 to 80 dollar level before the next upward move begins.
Conversely, a drop below 79 dollars could undermine confidence and trigger retests of the 77 and 75 dollar supports, possibly signaling a deeper correction.
Wyckoff structure and whale activity under scrutinySome analysts are pointing to signs of a classic Wyckoff accumulation pattern emerging in the daily chart. Nebraskangooner compares the recent price action to traditional accumulation stages, indicating that Solana might be entering a stronger phase of recovery.
Mini glossary: The Wyckoff accumulation pattern describes a technical formation thought to show large players buying gradually after a market drop. It typically includes a selling climax, retests, false breakdowns, and a recovery phase seen as a sign of strength.
For this bullish scenario to gain traction, Solana needs to maintain support between 75 and 77 dollars, then reclaim the 85 to 90 dollar area. Sustained movement above 90 dollars could drive expectations of a broader recovery.
Leveraged whale positions and Bitfinex data keep risk aliveAccording to data shared by Ted Pillows, a large investor has opened a 21.67 million dollar $SOL long position using 20x leverage. This trade was entered at 80.04 dollars, with a liquidation level at 63.64 dollars. Although this level isn’t seen as an immediate target, it highlights where pressure might intensify if the market reverses sharply against leveraged positions.
At the same time, Max Crypto notes a marked reduction in Solana long positions among major players on Bitfinex. The shared chart shows a steep drop in open longs, and historically, similar situations have led to nearly 14 percent price pullbacks. If $SOL maintains support at 79 to 80 dollars, any selling could simply be profit-taking. However, losing this support may mean deeper downside risk toward 75 or even 70 dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana’s network just posted the kind of growth numbers that make you do a double-take. Roughly 1.6 million new addresses were created on the network in mid-2026, daily active addresses ranged from 2.5 million to nearly 7 million, and weekly active addresses touched 29.84 million. All of this while SOL trades around $80.92, which is the kind of disconnect that tends to get value-oriented traders very interested.
Adding fuel to the fire: the SuperTrend indicator on SOL’s three-day chart just flashed a buy signal for the first time since early 2025.
The on-chain case for Solana Solana recorded approximately 3.8 billion transactions in June 2026 alone. That’s roughly 100 million transactions per day.
Tokenized equities volume on Solana surpassed $100 million in a single day, with tokenized assets like $SPCX constituting between 94% and 99% of total transaction volume on notable days.
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SOL has been fluctuating between $79.71 and $82.14 in recent sessions. Monthly active addresses have seen substantial year-over-year increases throughout 2026.
Why the price hasn’t caught up yet The divergence between Solana’s fundamentals and its price is precisely what has some analysts calling SOL undervalued. When a network is processing billions of transactions per month, attracting millions of new users, and capturing meaningful share of the tokenized asset market, the theory goes, the token price eventually has to reflect that reality.
The $100 level has become the focal point. It’s a round number, which gives it psychological significance, and it sits roughly 23% above current trading levels.
What this means for investors The SuperTrend buy signal matters because of how rarely it fires on the three-day chart. The last time it triggered was early 2025.
Solana’s growing dominance in tokenized equities volume, with single-day figures exceeding $100 million, positions the network at the intersection of crypto infrastructure and traditional finance.
The risk is that technical signals can fail, and a broader market downturn could easily override whatever bullish momentum Solana is building on its own. SOL’s recent trading range of $79 to $82 is tight enough that a breakdown below support could invalidate the buy signal entirely.
For investors weighing an entry, the metrics to watch are straightforward: daily active addresses, transaction volume, and whether the tokenized asset trend continues to accelerate. If Solana maintains its current pace of 100 million daily transactions and keeps attracting new addresses at the rate of over a million per reporting period, the gap between network fundamentals and token price becomes increasingly difficult to justify.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
6 July 2026 | 00:18 Solana is one of the best performers among major cryptocurrencies this week, and the price move has usage data and a concrete upgrade behind it rather than just market sentiment.
Key Takeaways SOL gained 15% weekly, reclaiming its 50-day average. Daily transactions sits around 137.5 million, near yearly highs. Alpenglow test data shows finality near 110 milliseconds. The 100-day average at $80.54 is the level to watch. SOL trades at $80.98 at the time of writing after a 15% weekly gain according to CoinMarketCap data, the strongest in the top ten. The bounce started from the June low near $62 and has now done something the March and May rallies could not: it climbed back above the 50-day moving average at $75.31 and is sitting right at the 100-day at $80.54, the line that rejected the last two recovery attempts.
SOL/USD daily technical chart on Coinbase. The simple way to read the chart: below $75, the recovery failed. Above $80.54 with a daily close, SOL escapes the zone that has capped it since April, and the next meaningful level is the 200-day average near $93. The momentum gauge (RSI) sits at 62.5, its highest reading of the year, which signals genuine buying pressure but also means the easy part of the bounce is likely behind. SOL remains far below its January level near $150, so this is a recovery inside a down year, not a new high.
The Network Is Busier Than the Price Suggests Here is the part that separates Solana’s bounce from a generic altcoin pop. Data from Artemis shows the network processed 137.5 million transactions on July 4 after reaching 158 million on 29th of June, close to the year’s highs near 160 million set in February, and sharply up from the 90–100 million range where activity sat through the spring. Usage began climbing in June, before the price did.
Solana daily transaction volume trends from January to July 2026. That sequence matters. When transactions rise while price falls or stagnates, it means people are using the chain for reasons other than speculation, trading, payments, applications, and when price later catches up, the move rests on real activity rather than pure sentiment. It is the healthiest pattern an on-chain chart can show, though not a guarantee: transaction counts include plenty of low-value activity, so the signal is directional, not precise.
Alpenglow: The Upgrade Behind the Story The third dataset explains why developers are paying attention. Test results from Alpenglow, the largest upgrade in Solana’s history, show the network confirming transactions for a majority of validators in roughly 110 milliseconds, with even the slowest full-network confirmation near 270 milliseconds. A detailed breakdown by Solana infrastructure firm Helius puts those numbers in context: about 65% of the network’s stake finalizes within 50 milliseconds of the raw network delay, meaning most validators vote almost the instant data arrives, and total finality runs at roughly twice the physical speed limit of the internet itself. In plain terms, the protocol overhead is nearly gone; what remains is mostly the time light takes to cross oceans.
Alpenglow latency breakdown for a leader node in Zurich / Source: dwf-labs The comparison numbers make the leap concrete. Solana’s current true finality takes about 12.8 seconds, and as TheStreet notes, a typical Visa authorization takes one to three seconds. Alpenglow targets 100 milliseconds when at least 80% of validators respond in the first voting round, and 150 milliseconds on its fallback path, faster than the quickest competing blockchain’s self-reported 400 milliseconds, per Helius.
The upgrade also changes the economics of running the network. Validators currently pay roughly 1 SOL per day in on-chain voting fees, their single largest operating cost. Alpenglow moves voting off-chain, and Helius estimates that eliminating those fees would cut the minimum stake needed for a validator to be profitable from around 4,850 SOL (roughly $800,000) to about 450 SOL (roughly $75,000), a change that could meaningfully broaden who can afford to help secure the network.
Co-founder Anatoly Yakovenko told Consensus Miami the upgrade could reach the main network as soon as this quarter, calling it a pivotal step toward making the chain reliable enough for time-sensitive financial applications. The upgrade replaces two of Solana’s founding technologies with a leaner voting system, and validators approved it with over 98% support.
Not everyone is uncritical. Experts interviewed by The Defiant have questioned whether such speeds are achievable globally without trade-offs, noting that physics itself limits how fast data crosses oceans and that the data-relay design carries real-world unpredictability. The test histogram partially answers this, the speeds hold for most of the network, but the slowest tail is real, and mainnet conditions are harsher than test clusters.
Solana enters July with three things pointing the same direction: the strongest weekly price gain among majors, network usage near yearly highs that started rising before price did, and a dated catalyst in Alpenglow’s targeted Q3 mainnet launch. That alignment is rare in the current market and explains the outperformance.
For now SOL still trades roughly 45% below its January level, the 100-day average directly overhead has ended two rallies already this year, and upgrade timelines in crypto slip more often than they hold. The next daily close above $80.54, or the failure to get one, could show whether this week was the start of something or the third rejection at the same wall.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research before making investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
CoinGecko, one of the world’s largest cryptocurrency data aggregators, lists the top 10 Layer 1 (L1) coins by Market Cap. These top projects include Bitcoin ($BTC), Ethereum ($ETH), Tether ($USDT), BNB ($BNB), USDC ($USDC), XRP ($XRP), Solana ($SOL), TRON ($TRX), Hyperliquid ($HYPE), and Dogecoin ($DOGE).
Layer 1 (L1) serves as the basic, autonomous chain on which transactions are directly executed and confirmed, and provides the necessary infrastructure for the blockchain network. Here are the top Layer 1 coins by market cap. These Layer 1 coins hold a collective market cap of $1.79 trillion with a change of 0.3% in the last 24 hours. CoinGecko has shared this news through its official social media X account.
Bitcoin Maintains L1 Dominance While Ethereum Surges Double Digits Bitcoin ($BTC) is in the leading position in the entire list of top (L1) coins in terms of market cap, and with a new price. Bitcoin ($BTC) is trading at $62823.69 with a positive change of 0.6% in price over the last 24 hours. Bitcoin ($BTC) holds a market cap of $1259903710228.
Ethereum ($ETH) is the runner-up in this race with a market cap of $213089130330, along with a positive change in price of 11.8% throughout the week. ETH/USDT is currently changing hands at $1765.36. Tether ($USDT) and BNB ($BNB) come at the 3rd and 4th positions with $0.9992 and $575.98 of current prices, respectively. Tether ($USDT) has a market cap of $184136854405 with stability in price over 24h and 7D.
BNB ($BNB) has a market cap of $77645950317 with a positive change of 0.5% over the last 24h. USDC ($USDC) is appearing with a new price of $0.9995 along with the market cap of $72914007626. USDC ($USDC) is also showing no change in price over the last 24h or 7D.
Solana and Hyperliquid Lead Weekly Gains Across Major Layer-1 Cryptocurrencies As per CoinGecko data, XRP ($XRP) comes at the 6th position in the list with a market cap of $70744944422 with the current price of $1.14. This L1 coin shows a negative response in terms of price over the last hour of 0.2%, but it shows 7.7% positive growth in price change over the whole week. These values are observed at the time of writing this article. In which different top Layer 1 coins show their dominance in terms of market caps and prices.
Next to these are Solana ($SOL) and TRON ($TRX), which show positive change of 11.9% and 1.0% over the last week and hold market caps of $46706073293 and $30800068747. Solana ($SOL) and TRON ($TRX) come at the 7th and 8th positions, respectively, in the given list of top Layer 1 coins.
Furthermore, Hyperliquid ($HYPE) trades at $68.69, along with a 0.4% change in price over the last hour and 9.2% in the last week. Hyperliquid ($HYPE) holds a market cap of $15279949960. Last but not least, Dogecoin ($DOGE) trades at $0.07592, along with a market cap of $11763415911. Dogecoin ($DOGE) faces 2.7% change in price last week.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Solana’s [SOL] market structure shifted after the SuperTrend indicator generated its first 3-day buy signal since October 2025, reviving the broader bullish outlook.
The latest signal emerged after months of persistent downside pressure that followed the previous sell signal, which had preceded a 74% correction. That development suggested bearish control had weakened considerably as buyers reclaimed important price levels.
Instead of extending the previous downtrend, Solana established conditions that supported a possible trend reversal. As a result, market participants had started reassessing the asset’s medium-term outlook rather than focusing only on short-term fluctuations.
Smart money refused to abandon long positions Binance’s top traders maintained a bullish stance despite Solana trading below a major resistance level.
Long accounts represented 65.45% of tracked positions, while short accounts accounted for 34.55%, producing a Long/Short Ratio of 1.89. Those figures showed experienced market participants had continued favoring upside exposure instead of rotating into defensive positions.
Even after SOL recovered sharply from June’s lows, traders had not significantly reduced their long exposure. However, the concentration of bullish positioning also highlighted growing expectations surrounding the next breakout attempt. If resistance continues to hold, some traders could secure profits in the short term.
Even so, the positioning data suggested institutional and professional participants had remained confident that the broader recovery still had room to develop.
Source: CoinGlass Positive funding reflected sustained bullish conviction Derivatives markets continued reinforcing Solana’s improving outlook through healthy funding conditions.
At press time, the OI-Weighted Funding Rate remained positive at 0.0027%, indicating leveraged traders had continued paying to keep long positions open. This reading reflected steady demand for bullish exposure without reaching levels that typically signal excessive speculation.
Throughout the recent recovery, funding had remained largely above the neutral line despite temporary fluctuations. Such behavior suggested buyers had consistently supported the trend rather than chasing prices aggressively.
However, funding also stayed relatively moderate, reducing concerns that leverage had become overheated. If Open Interest expands alongside positive funding over the coming sessions, leveraged participation could provide additional support for Solana’s ongoing recovery.
Source: CoinGlass Can Solana finally reclaim the $84 barrier? Solana approached the $84.00 resistance after recovering strongly from June’s decline near $60. Buyers had already reclaimed the $78.07 support level, preserving the recent recovery structure despite a modest pullback below resistance.
At the time of writing, the daily RSI reached 61.20, while its Moving Average climbed to 52.66, showing buying strength had remained comfortably above the neutral threshold.
Although recent candles reflected hesitation near $84, sellers had not established fresh bearish control. Instead, buyers continued defending higher lows, keeping the short-term structure constructive.
A decisive close above $84 would likely expose the next resistance around $90. However, another rejection could encourage a healthy retest of $78.07 before buyers attempt another breakout.
Source: TradingView Conclusively, Solana’s recovery had gained credibility as the SuperTrend buy signal aligned with bullish trader positioning, positive funding, and strengthening technical conditions.
Although $84 remains the immediate obstacle, buyers had continued defending the broader uptrend. If Solana converts that resistance into support, the probability of a move toward $90 and eventually $100 would increase considerably.
Final Summary Solana regained bullish higher-timeframe structure while traders continued favoring long positions above shorts. Buyers defended key support, but clearing $84 remains essential for further upside potential.
FIFA reversed the automatic one-game suspension of US striker Folarin Balogun on July 5, 2026, clearing him to play in Monday’s Round of 16 World Cup match against Belgium. The decision came after President Donald Trump reportedly called FIFA President Gianni Infantino on July 2 to request a review of the red card Balogun received during the US victory over Bosnia and Herzegovina.
What actually happened Balogun picked up a straight red card on July 2 during what was otherwise a triumphant group stage finale for the US. Under standard FIFA rules, a straight red carries an automatic one-match ban, which would have sidelined the striker for the elimination round.
That same day, Trump reportedly contacted Infantino directly to push for a review of the decision. Three days later, FIFA’s disciplinary committee announced it was overturning the suspension using what it described as a “probationary measure.” This mechanism hasn’t been deployed since 1962, making it effectively unprecedented in the modern era of the tournament.
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Trump took to Truth Social after the announcement, thanking FIFA for correcting what he called a “great injustice.” Belgium’s football officials were less enthusiastic, signaling they intend to investigate the circumstances surrounding the reversal.
Balogun scored in each of his first three World Cup appearances for the US Men’s National Team, making him the tournament’s breakout offensive threat.
The crypto angle nobody asked for (but got anyway) On-chain activity spiked around his World Cup performances, culminating in the launch of a Solana-based meme token named BALOGUN. The token’s trading volume has been directly tied to the player’s match results, creating a real-time speculative instrument pegged to whether a 25-year-old striker can keep finding the back of the net.
With Balogun now confirmed available for the Belgium match, odds and sentiment around US advancement have shifted meaningfully. Crypto-native prediction markets and betting platforms that offer World Cup wagering are seeing recalibrated lines and fresh liquidity flowing into US-related outcomes.
Belgium has already signaled it may challenge the FIFA decision, and any reversal of the reversal would introduce extreme volatility into every market that has priced in Balogun’s availability. Traders holding BALOGUN tokens or US-favorable positions on prediction markets should watch for any formal complaint from Belgian football authorities before Monday’s kickoff.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (BTC) spiked to nearly $64,000 in the early hours of July 6, reaching $63,900 on CoinGecko, extending a weekend rally that liquidated hundreds of millions of dollars in short positions.
The move capped a sharp reversal from the $58,293 low Bitcoin touched on July 1. A softer-than-expected jobs report reshaped rate-hike expectations heading into the new week, helping Bitcoin’s price claw back.
Weak Jobs Data Triggers a Short SqueezeThe rally traces back to Thursday’s US Nonfarm Payrolls report. The report showed the economy added just 57,000 jobs in June, far below forecasts. The miss lowered the odds of a near-term Federal Reserve rate hike, and Bitcoin had already gained ground on Warsh’s inflation risk comments earlier in the week.
Lower Treasury yields and a weaker dollar reduced the opportunity cost of holding Bitcoin, helping the asset recover from a bearish June. Spot Bitcoin ETFs added to the momentum. An ETF inflow reversal snapped a 10-day run of redemptions, though the funds are still working through June’s record outflows of $4.5 billion.
A weekend of rising price action was capped by a spike towards $64,000. Image Source: BeInCryptoShort Sellers Caught Off GuardTraders lost over $450 million in short positions across the derivatives market as Bitcoin broke through $62,000. Bitcoin’s price reflected the broader squeeze dynamic, in which forced buybacks push the price into the next tranche of shorts.
Ether rose roughly 4% on the day and about 10% over the week, while Solana added nearly 19%, the strongest gain among major tokens. Institutional flows have not fully confirmed the move, with ETFs still recovering from their worst month on record.
Whether the squeeze becomes a durable trend remains an open question. Forced short-covering tends to produce fast price moves rather than sustained demand. The market now enters the third quarter with thinner liquidity, a dynamic that could cut in either direction.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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ANSEM posts a short-term rally of 25%, with its current market cap standing at $380 million.
According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.
8 minutes ago
HTX Genesis Hackathon Attracts Over 30 Teams from Top Universities at Home and Abroad
According to official social media announcements, the HTX Genesis Hackathon—hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity—has entered the preliminary screening phase. More than 100 developer teams have registered for the event, with participants hailing from over 30 top universities across 22 global cities, including Tsinghua University, Fudan University, the National University of Singapore, and the University of Edinburgh. The hackathon offers a total prize pool of 20,000 USDT and over $100,000 in computing power support. Participating teams will innovate in areas such as $HTX use cases, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. The HTX Genesis finals will be held offline on July 19 during the World Artificial Intelligence Conference (WAIC) in Shanghai.
8 minutes ago
Whale MK4 opened a long position in LIT at $1.29, with an unrealized profit of $6.7 million.
According to monitoring by OnchainLens, crypto whale MK4 (@mk4_lul) holds a 5x leveraged long position in LIT, with a position value of $13 million, an entry price of $1.29, and current unrealized profit of $6.7 million. The whale’s wallet address has amassed a lifetime total profit of $173.68 million.
Pendle’s funding rate trading platform Boros has crossed the $20 billion nominal trading volume milestone in less than a year since its launch. Today, Boros has become the de facto venue for institutions and market participants to trade, hedge, and capture funding rate differentials across platforms, with over 170 markets of varying maturities to date.
8 minutes ago
ZachXBT Releases Initial Standards for Conducting On-Chain Investigations
On-chain detective ZachXBT has published an article outlining the baseline criteria for the on-chain investigations he will undertake. He will not accept or respond to investigation requests unless the following conditions are met: the case is recent, a single victim’s loss exceeds $250,000, the jurisdiction is favorable to his work, the incident occurs on a blockchain he supports investigating, and it does not involve meme tokens or prediction markets.
8 minutes ago
South Korea's Busan Bank completes KRW stablecoin infrastructure pilot on Kaia Chain.
South Korea’s BNK Busan Bank has completed a pilot project for a Korean won stablecoin infrastructure on Kaia Chain. The proof-of-concept (PoC) was jointly conducted by K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. Test results showed a 100% transaction success rate and processing time of less than one second.
The Solana memecoin market has roared back to life, with @BlackBullSol's $ANSEM token — officially called The Black Bull — posting extraordinary gains over the past week. According to CoinMarketCap data cited by @BSCNews, the token has surged more than 822,600% over the past month, and is up nearly 5x in the past week alone.
The $ANSEM Story: Influencer Name, Anonymous Creator $ANSEM is a Solana memecoin launched on Pump.fun in mid-June 2026, tied to influencer Ansem (Zion Thomas, @blknoiz06), who has nearly 1 million followers. It is not officially created or endorsed by Ansem as a personal token. An anonymous developer launched it and sent a large share to his wallet, and several rival $ANSEM tokens appeared at once.
A deployer wallet launched the dominant "Black Bull" token on Pump.fun around June 17, 2026, spending about $6,300 to create it, then transferred 650 million tokens to Ansem's wallet. The real catalyst came on June 28, 2026, when Ansem criticized Pump.fun's reward structure and pledged to airdrop his creator fees to traders. Ansem airdropped roughly $7 million worth of the $ANSEM memecoin to Solana users in a distribution campaign that unfolded between June 27 and June 29, representing one of the largest influencer-driven token giveaways in recent memory. The goal: grow the $ANSEM holder base from approximately 25,000 wallets to 1 million.
The Black Bull is currently priced at $0.2918, with a 24-hour trading volume of over $67.5 million. Despite a 17% pullback in the past 24 hours, it remains up more than 2,575% over seven days, with a circulating market cap above $121 million. Traders should note that according to Rugcheck.xyz, there is a risk of market manipulation due to a large concentration of tokens held in one or more unidentified wallets.
For most of the first half of 2026, the prevailing narrative around Solana memecoins was that the party was over. Volumes had cratered from their manic peaks and launchpads were consolidating. Then, in roughly ten days in late June, $ANSEM went vertical, Solana's daily token launches hit an 80-day high, and SOL itself caught a bid on the back of renewed ecosystem activity.
Beyond $ANSEM: $SNEK and $M Also See Positive Action The current wave of memecoin activity is not limited to Solana. @snek's $SNEK on @Cardano $ADA has also been posting gains. Snek is a community-oriented meme coin and cultural movement established as a leading digital asset within the Cardano ecosystem, designed to foster community engagement through a brand-centric approach, with a fair launch model where no tokens were reserved for the development team or private venture capital. SNEK is the most traded token on Cardano, and like $ANSEM, its price action is tightly linked to broader memecoin sentiment and ecosystem momentum.
@MemeCore_M's $M token is also among the assets seeing positive price action in the current environment, adding to the sense that speculative interest is returning across multiple chains simultaneously.
As with all memecoins, the risks are considerable. $ANSEM has no product, team, or revenue, and its value depends entirely on attention and one influencer's involvement, with heavy supply concentration flagged by on-chain analysts. Participants should size positions accordingly.
Sources:
Crypto Briefing: Ansem airdrops $7M worth of $ANSEM memecoin to Solana users
CoinGecko: The Black Bull ($ANSEM) Live Price and Market Data
Brave New Coin: Ansem's $ANSEM Gamble
Key Takeaways Solana leads the industry in daily active addresses and on-chain transaction volume Extensive stablecoin infrastructure provides crucial liquidity for DeFi, payments, and trading operations Ecosystem applications demonstrate genuine revenue generation through sustainable fee structures Technical analysis reveals SuperTrend buy indicator activated on 3-day timeframe, first occurrence since October 10 Token inflation through ongoing issuance requires sustained ecosystem expansion to offset dilution effects Solana has evolved beyond its original positioning as merely a high-speed, low-cost blockchain network. Today, it represents one of the cryptocurrency market’s most vibrant ecosystems, characterized by substantial user engagement, significant trading activity, and continuous capital flows.
Solana (SOL) Price The blockchain consistently ranks at the top tier for daily active wallet addresses and on-chain transaction throughput. This level of authentic user engagement distinguishes it from numerous alternative cryptocurrencies that remain primarily speculative in nature.
Stablecoin infrastructure represents a particularly compelling aspect of Solana’s value proposition. Solana has accumulated substantial and continuously expanding stablecoin reserves, which serve as essential infrastructure for payment systems, exchange activity, and decentralized financial services. This deep liquidity pool creates compelling incentives for both developers and users to commit to the platform long-term.
The application ecosystem has reached notable maturity. Decentralized exchanges, wallet services, and various protocols operating on Solana are producing significant fee revenue streams. This demonstrates that the network has transcended its role as simple infrastructure to become a comprehensive economic platform.
Solana has additionally established meaningful connections with traditional financial institutions and payment processing systems. These relationships open growth opportunities extending beyond purely crypto-native use cases, encompassing asset tokenization and integration with major financial platforms.
Economic Model and Token Structure The counterpoint involves current valuation levels. Solana already commands significant market capitalization among digital assets. Much of its anticipated future growth may already be reflected in current pricing, potentially limiting the dramatic percentage appreciation that smaller-cap networks might achieve.
Tokenomics merit careful consideration. SOL provides genuine utility through transaction fees and staking mechanisms, with portions of network fees subject to burning mechanisms. However, Solana maintains an inflationary model, as staking rewards derive partially from new token creation. While the inflation schedule decreases progressively, it has not yet reached zero.
This dynamic requires continuous network expansion to counterbalance the dilutive effect on existing token holders.
Additionally, not all value creation within the ecosystem accrues directly to the SOL token itself. Substantial fee generation occurs at the application level rather than the protocol layer. While this doesn’t fundamentally undermine the SOL investment thesis, it represents an important distinction for informed investors.
Technical Breakout: SuperTrend Indicator Turns Positive From a technical analysis perspective, market data indicates the SuperTrend indicator has generated a fresh buy signal on Solana’s 3-day chart. According to technical analysts, this marks the first such bullish signal since October 10. The preceding sell signal coincided with a 74% drawdown in price.
SOLANA: FROM BEARISH TO BULLISH
The SuperTrend indicator has triggered a new buy signal on the Solana 3-day chart.
• First Signal Since October 10: The Average True Range (ATR) trailing stop has flipped beneath the price action, marking the first SuperTrend buy signal since… pic.twitter.com/j0FCmDm3jq
— Ali Charts (@alicharts) July 4, 2026
The Average True Range (ATR) trailing stop has now positioned below current price levels, confirming a trend reversal from bearish to bullish momentum. Analysts have identified $100 as a potential price objective following this technical development.
SOL currently trades with this constructive technical setup in place as market participants monitor whether the emerging uptrend can sustain momentum.
TLRD: Solana price prediction now centers on the $75 to $77 support band as $120 million in SOL reportedly moved away from exchanges. SOL price action needs a clean break above $82 and $84.40 to reopen the $85 to $90 target zone watched by short-term traders. Securitize SECZ listing and tokenized share issuance on Solana add fresh institutional context to the real-world asset narrative. Solana technical analysis stays mixed as oversold signals meet weak moving-average structure and resistance below the $85 level. Solana traded near $78 to $80 on Sunday as traders weighed fresh exchange outflows against short-term selling pressure. The latest Solana price prediction now turns on whether buyers can defend the $75 to $77 support band and reclaim the $82 to $84.40 resistance
According to onchain data, $120 million in SOL left exchanges over the past week, equal to about 1.50 million tokens. That movement can reduce immediate sell supply, yet the market still needs stronger spot demand to confirm a lasting rebound.
At the same time, the 3-day SuperTrend indicator has flashed a new buy signal. The signal followed a prior sell setup that preceded a deep correction. SOL has also pulled back after a weekly rally, so traders are reading the latest dip as profit-taking rather than a clear negative catalyst.
Solana Price Prediction Tests Support as Supply Falls The Solana price prediction has turned more constructive as exchange balances fall. Tokens leaving trading platforms often point to custody, staking, or longer holding periods. That does not guarantee higher prices, but it can ease sell-side pressure when demand improves.
Institutional activity also gives the Solana network a stronger fundamental backdrop. Securitize debuted on the NYSE under the ticker SECZ on July 2. The company also tokenized $295 million of its own common shares on Solana and Avalanche, adding another real-world asset use case to the chain.
Solana also activated a formal on-chain governance system through Solana Governance Proposals. Validators with at least 100,000 SOL staked can now open proposals, while votes require 15% active stake support before moving forward. That change gives validators and delegators a clearer role in protocol direction.
Still, SOL price action shows caution. The token has traded near key short-term moving averages, with resistance around $82 and $84.40. A failure to clear those levels would keep the asset inside a range rather than confirm a breakout.
Solana Price Prediction Hinges on the $84.40 Breakout The next Solana price prediction trigger sits near $84.40. A clean move above that area, followed by a support flip, could bring the $85 to $90 zone back into focus. BitGuru has also pointed to $75 as the support level that keeps the broader breakout setup alive.
$SOL is showing strong bullish momentum after breaking out of its consolidation range. As long as price holds above the $75 support zone, the next move could extend toward the $85-$90 region. pic.twitter.com/BzkHTvbwph
— BitGuru 🔶 (@bitgu_ru) July 4, 2026
Momentum signals stay mixed. The MACD gap is tight, while oversold readings suggest sellers may be losing force. Still, the 200-day EMA near $96 to $97 marks a larger overhead barrier for Solana technical analysis.
A break below $75 would weaken the bullish case and expose the $70 area. That move would show that profit-taking has turned into deeper distribution. It would also delay any near-term SOL price recovery toward $90.
The market setup is therefore balanced. Exchange withdrawals, tokenized equity activity, and governance upgrades support the bullish side. Weak moving-average structure and resistance below $85 keep traders cautious as SOL tests whether the latest rebound has enough volume.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
CZ’s like on the donation tweet for meme coin TCC pushes the token’s market cap to briefly top $72 million.
Crypto community user ddotaek posted that he has shifted from the Solana-based MEME coin market, which he described as "constantly being rugged", to BNB Chain, noting that the BNB ecosystem "truly supports builders and long-term projects". He cited advantages including no rug pulls, no bot-driven wash trading, and clean launches (he personally verified front-running cases). He also mentioned that project team @TCryptochicks donated 10 million TCC tokens to GiggleAcademy, an educational charity founded by CZ. CZ later liked the tweet, lifting market sentiment, and TCC’s market cap briefly surged past $72 million before retreating to around $54 million. Previously, the "Giggle" token gained CZ’s public like and retweet in September 2025 via a donation to GiggleAcademy, with its market cap once soaring to over $100 million. CZ once stated "this completely changed my view on MEME coins", but later clarified multiple times that the related tokens were not officially issued by GiggleAcademy, and reminded holders to watch for subsequent selling pressure. BlockBeats reminds users: Most MEME coins have no practical use cases and are highly volatile. Please protect your assets and do not FOMO.
46 minutes ago
Ethereum’s net supply increased by 83,550 ETH over the past 30 days.
According to data from Ultrasound.money, Ethereum's net supply has increased by 83,550 ETH over the past 30 days, bringing its total supply to 121,838,278 ETH, with the current annual supply growth rate standing at 0.835%.
46 minutes ago
AI capital expenditure is projected to reach $1.1 trillion by 2027, potentially surpassing U.S. defense spending for the first time.
The Kobeissi Letter stated in a post that the AI spending boom is reshaping the U.S. economy. AI capital expenditures by Alphabet, Amazon, Meta, Microsoft, and Oracle are projected to rise to roughly 3.2% of U.S. GDP by 2027. If the forecast holds, annual AI capital spending will for the first time exceed U.S. defense outlays, which are expected to account for around 2.7% of GDP next year. For this year alone, the group’s AI capital spending is forecast to jump from 1.5% of GDP in 2025 to roughly 2.5%, nearly matching the 2.7% share of GDP allocated to defense spending. The five firms’ combined AI capital expenditures are projected to top $800 billion in 2026, then climb to a record $1.1 trillion in 2027. These figures are "staggering".
46 minutes ago
US and South Korean stocks Monday price preview: Micron Technology is forecast to rise more than 6% in pre-market trading, while Samsung Electronics is expected to open 4% higher.
Due to the U.S. Independence Day holiday (July 3), U.S. stock markets were closed last Friday, paired with the regular weekend closure. "On-chain Nasdaq" Trade.xyz enables continuous trading and real-time price discovery unavailable in traditional finance via perpetual contracts, pricing in advance for Monday’s U.S. and South Korean stock sessions. Top U.S. stock tickers on Trade.xyz showed mixed moves compared to Thursday’s after-hours trading, and are expected to consolidate with minor fluctuations ahead of Monday’s pre-market. Weekend performance details: Micron (MU) is currently at $1038.71, versus $976.63 in U.S. Thursday after-hours trading; SanDisk (SNDK) at $1856.65, versus $1762.011 Thursday after-hours; NVIDIA at $197.83, versus $194.44 Thursday after-hours; Intel at $124.2, versus $121 Thursday after-hours; Google at $360.06, versus $359.91 Thursday after-hours; AMD at $537.34, versus $519.5 Thursday after-hours; SpaceX at $161.27, versus $160.95 Thursday after-hours. For top South Korean stock tickers on Trade.xyz, their weekend performance is as follows: Samsung Electronics is currently at $210.49, versus $202.35 at Friday’s close; SK Hynix is at $1623.16, versus $1585 at Friday’s close.
46 minutes ago
SK Hynix seeks to attract more AI investors via its US listing.
SK Hynix’s upcoming $29 billion U.S. stock market listing could be the largest initial public offering (IPO) by a foreign company in history, but the move is not just about raising capital. More importantly, the firm aims to compete in the hottest segment of global stock markets right now: memory chips for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust (which holds Micron stock), said the market is in a period of extreme hype for chip stocks, and now is a good time to bring U.S. investors on board for its shares. Zhou Di, portfolio manager at Thornburg Investment Management (which holds SK Hynix stock), noted that the offering targets investors who currently cannot access South Korea’s stock market. SK Hynix’s Nasdaq listing gives investors direct, frictionless access to one of the most attractive pure-play assets in the AI memory cycle. (Jin Shi)
46 minutes ago
Ming-Chi Kuo: Foldable iPhone may repeat the iPhone X playbook, launching later and facing supply constraints through the end of the year.
TF International Securities analyst Ming-Chi Kuo stated in a note that the foldable iPhone could repeat the iPhone X playbook: it will be unveiled alongside other models, but pre-orders and official launch will be delayed, and supply shortages may persist through the end of 2026. Based on third-quarter 2026 production volumes, the foldable iPhone is likely to mirror the 2017 iPhone X. That year, the iPhone X was unveiled alongside the iPhone 8 and 8 Plus on September 12, but due to insufficient stock, pre-orders were pushed back to October 27 and official sales to November 3. Given the foldable iPhone’s limited third-quarter shipments, it may also open pre-orders and official sales only in the fourth quarter of 2026. After discussions with telecom operators, sales channels, and resellers/parallel import agents, Kuo concluded that even if the foldable iPhone is priced at roughly $2,300 to $2,500, demand will remain strong at least through the end of 2026. This means the device could sell out rapidly once pre-orders open, with shipment wait times potentially jumping to 4 to 6 weeks or longer, extending into December. He added that the foldable iPhone’s initial limited supply, distinct design, and innovative user experience could drive up short-term resale prices, with resale prices 50% to 100% higher than the official retail price not being out of the question.
Solana is distinguishing itself as more than just a fast, low-cost blockchain network. With daily active wallet addresses and on-chain transaction volumes consistently ranking among the top of the industry, the Solana ecosystem is drawing attention for its steady user activity and sustained capital inflows.
User engagement and liquidity take center stageIntensive usage on Solana sets it apart from many alternative crypto assets. The high number of active daily addresses and the sheer transaction capacity demonstrate that the activity on this network is not driven solely by price speculation but rooted in genuine utility and community participation.
Stablecoin infrastructure is emerging as one of the cornerstones of the Solana ecosystem. Growing stablecoin liquidity not only fuels decentralized finance apps, but also underpins payments and trading operations. This foundation strengthens the incentive for both developers and users to remain loyal to the platform for the long haul.
Signs of maturation are also clear at the application layer. Decentralized exchanges, wallet services, and an array of protocols are reporting substantial fee revenues, transforming Solana from a mere technical platform into a wider economic ecosystem teeming with real financial activity.
The simultaneous growth in daily user activity, on-chain transaction volume, and stablecoin liquidity across the Solana ecosystem is reinforcing the network’s value proposition rooted in real-world use.
Valuation and token structure: What stands out?Yet, the current valuation levels are causing some observers to proceed with caution. Solana stands among the top digital asset networks by market cap, and there is concern that some of the anticipation for future growth could already be reflected in today’s prices.
SOL tokens serve practical functions through transaction fees and the staking mechanism. Although part of network fees are burned, the system is not fully deflationary. Staking rewards are partially funded by minting new tokens, meaning Solana maintains an inflationary issuance model. As a result, it’s crucial for the network to keep expanding to balance out the dilution effect for current holders.
Mini glossary: SuperTrend is a trend indicator that uses price movement along with the Average True Range (ATR). ATR measures volatility; when the indicator shifts below price, it’s considered a bullish signal in technical analysis.
Technical outlook: New buy signal confirmedOn the technical side, analyst Ali Charts reports that the SuperTrend indicator on Solana’s 3-day chart has triggered a new buy signal—its first bullish transition since October 10. Notably, after the last sell signal, SOL price fell by 74%, heightening the significance of the current technical setup.
Ali Charts points out that the SuperTrend indicator on Solana’s 3-day chart has turned bullish again, with the Average True Range-based trailing stop now moving below the price.
The placement of the Average True Range-based trailing stop beneath the current price is interpreted as a confirmation of the shift from a downtrend to upward momentum. Analysts are now watching the $100 level as a potential near-term target should this breakout hold.
Market participants are keen to see whether this promising technical picture will be sustained. While Solana benefits from robust on-chain activity, deep stablecoin reserves, and thriving fee-generating applications, factors like token inflation and high market valuation remain closely monitored risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The wallet associated with the Step Finance attack has become active again after approximately five months of inactivity.
According to on-chain data, the attacker sold all of their 261,933 SOL, generating approximately $21.4 million. They then bridged these funds to the Ethereum network, purchased 12,128 ETH, and deposited the assets into the privacy protocol Tornado Cash.
This transaction is considered a classic money laundering tactic aimed at covering up the trail of funds obtained from the attack. On the SOL side, it is stated that the $21.4 million in selling pressure was absorbed by the market and the potential risk of a sell-off for Solana investors has been eliminated.
However, the most noteworthy point was the transfer of funds to the Ethereum network and their conversion to Tornado Cash. This move is expected to make tracking the assets more difficult.
In late January 2026, Step Finance suffered a devastating security breach when hackers gained access to the platform’s treasury and fee wallets by taking over administrative devices. The attackers withdrew approximately 261,854 SOL, initially worth between $27 and $30 million, causing the value of the STEP token to drop by over 80%.
*This is not investment advice.
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Three major developments in a single week have made it clear that the race for tokenized equities is no longer speculative. It is structural.
Binance crosses $1 billion in 30 days @binance announced that its stock trading platform surpassed $1 billion in assets under management just 30 days after launch. The milestone was accompanied by more than $3 billion in total trading volume since the product went live on June 1, 2026. The platform gives users access to over 7,000 U.S. stocks and ETFs, settled in stablecoins, directly within the Binance app. The growth is being tracked by @MSBIntel, whose data first surfaced the milestone. Binance Research projects that AUM from stock trading on the platform could exceed $10 billion by the end of 2026, less than seven months after launch.
The broader tokenized real-world asset market has grown from roughly $5.4 billion at the start of 2025 to around $34 billion in 2026, with tokenized equities emerging as one of its most contested segments.
Robinhood and Securitize add further weight @RobinhoodCrypto went further than any brokerage has before. Robinhood Chain went live as a public mainnet on July 1, 2026, an Ethereum-compatible Layer 2 built on Arbitrum designed specifically for trading tokenized versions of real-world assets. The stock tokens are structured as tokenized debt securities available in more than 120 countries, excluding the U.S. Robinhood is the only brokerage in that group that also built the settlement layer.
@Securitize, one of the leading tokenization platforms in traditional finance, added to the momentum by listing on the NYSE while simultaneously debuting tokenized equities on Avalanche and Solana. Even CoinGecko now tracks tokenized stocks as a dedicated category, a sign that the asset class has graduated from experiment to mainstream infrastructure.
The tokenized equities market had a total market capitalization of $5.5 billion as of June 8, 2026, up roughly 147% from $2.23 billion at the start of the year. The convergence of crypto-native exchanges, brokerage platforms, and traditional finance issuers around the same asset class inside one week suggests the land grab is no longer a metaphor.
Sources:
Binance official press release: $1 billion AUM in 30 days (Zawya)
CoinDesk: Robinhood launches public blockchain and tokenized stock trading
Crypto Briefing: Binance bStocks surpasses $1 billion in AUM
Solana has returned to the spotlight after the SuperTrend indicator on its three-day chart flashed a buy signal, accompanied by positive RSI divergence in higher timeframes. Analysts say that if SOL can hold above its recent lows and attract new buyers, the price could open up space to target the $100 level.
Shift in trend appears on the three-day chartFor the first time since October 10, the SuperTrend indicator on Solana’s three-day chart has issued a buy signal. This technical shift comes after a period of sharp correction, suggesting that selling pressure in the market structure may be fading and buyers could be regaining strength.
In a chart shared by Ali Charts, Solana’s attempt at recovery after a prolonged downtrend has gained attention. The signal line of the SuperTrend moving below the current price is typically interpreted by technical analysts as the initial sign of buyers reclaiming momentum in the asset.
Mini glossary: The SuperTrend indicator is used to track the direction of price movements and potential support-resistance areas. ATR, or Average True Range, measures price volatility, and SuperTrend uses this data to dynamically determine stop levels.
Ali Charts has emphasized that this is the first SuperTrend buy signal for SOL since October 10, highlighting the need for closer monitoring compared to prior months.
Following the previous sell signal, Solana’s price dropped 74%. For this reason, the indicator’s switch back to a bullish signal carries particular technical significance. Yet, analysts caution that this alone isn’t sufficient; for an upward move to be sustained, SOL must remain above its new support zone.
The key threshold in the short term stands at $100. If SOL can hold this structure and strengthen its upward momentum, the market could retest this region. On the other hand, slipping below the new support would weaken the positive outlook.
Weekly chart reveals bullish RSI divergenceZooming out to higher timeframes, TraderJB suggests that Solana may be entering the final stages of its corrective phase. According to the Elliott Wave structure on the weekly chart, after the primary rally that began in 2023, a classic peak formation developed, followed by an A-B-C correction.
TraderJB points out that during previous waves 3 and 5 tops, negative RSI divergence was observed—a technical pattern typically indicating rising risk of a top as price increases while momentum weakens. Now, toward the end of the current C wave, the pattern appears to be reversing.
The chart highlights positive RSI divergence around the minor waves 3 and 5 within the C wave. According to analysts, this suggests that selling pressure may be easing, potentially turning the current zone into an accumulation area, especially for longer-term investors.
TraderJB notes that if the wave count remains valid, the current region offers a compelling risk-reward profile for spot accumulation, provided that SOL manages to defend its recent lows.
Nevertheless, further confirmation is required before a broader trend reversal can be declared. Should Solana protect its recent lows while decisively building upward momentum, the scenario for a more substantial recovery may strengthen.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
If you wanted to build a toll booth on Solana, Jito already beat you to it. The protocol, which operates at the intersection of liquid staking and maximal extractable value infrastructure, has cemented itself as the closest thing Solana has to a monopoly on validator-level revenue capture.
As of early July 2026, Jito’s governance token JTO sits at a market cap of roughly $351 million, backed by a circulating supply of approximately 491 million tokens. Its MEV-optimized validator client is now running on more than 95% of Solana’s active stake, up from figures that sat between 60% and 94% in prior periods.
What Jito actually does, and why it prints money Think of Jito as a two-sided business. On one side, it runs JitoSOL, a liquid staking token that lets holders earn staking yields without locking up their SOL permanently. On the other side, it operates MEV infrastructure that allows validators to capture tips from traders who want their transactions prioritized.
JitoSOL currently holds around $2.92 billion in total value locked, with more than 14.5 million SOL staked through the protocol.
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October 2024 alone saw $78.9 million in MEV fees flow through the protocol. MEV fees have risen 42% as on-chain activity on Solana has accelerated through 2025 and into 2026.
Jito operates through two distinct entities: Jito Labs, the engineering and product arm, and the Jito Foundation and DAO, which governs the protocol and controls token-level decisions.
JTX: the new piece of the puzzle On June 26, 2026, Jito Labs launched early access to JTX, a self-custodial trading terminal built on top of Solana’s decentralized exchange ecosystem. The product is designed to improve liquidity routing across both spot DEX venues and perpetuals markets.
Approximately 80% of JTX protocol revenue is directed back to JTO holders through buybacks. Rather than accruing value to a foundation treasury or a VC cap table, the majority of trading fee revenue would actively reduce circulating supply, creating mechanical buy pressure on the token.
Jito already sits at the base layer of Solana’s validator infrastructure. Adding a trading terminal means it can now capture value at the application layer too.
What this means for investors and the broader Solana ecosystem Jito has outpaced competitors like Marinade in both the staking and MEV markets. The 95%-plus validator adoption figure means that when block producers on Solana choose how to order transactions, the overwhelming majority are using Jito’s tooling to do it.
For JTO holders, the current setup offers a few distinct value drivers. Staking yields flow through JitoSOL and benefit from MEV tip capture on top of base staking rewards. The JTX buyback mechanism creates a direct connection between trading volume growth and token supply reduction.
Jito’s revenue is deeply tied to Solana network activity and MEV opportunity. A sustained drop in on-chain trading volume would compress fee flows quickly. Regulatory scrutiny on MEV practices, which has already begun in Ethereum circles, could eventually extend to Solana as well.
A $351 million market cap against a protocol that handles $2.92 billion in staked assets and captured nearly $79 million in MEV fees in a single month is a ratio worth examining.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylian Mbappé just became the highest-scoring player against South American teams in World Cup history. Naturally, degens on Solana are treating this like a buy signal.
The French forward netted a penalty against Paraguay on July 4, bringing his career tally against South American opponents to seven World Cup goals. That breaks a record that spans nearly a century of tournament play, and it’s driving a predictable, if slightly absurd, spike in trading activity around unofficial meme tokens that reference his name.
The record in context Mbappé’s seven goals against South American sides didn’t happen overnight. Five of them came against Argentina across the 2018 and 2022 tournaments, including that legendary hat trick in the 2022 final that nearly rewrote history. The remaining two came against Peru and Paraguay in the current 2026 cycle.
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The man has 19 goals in 19 World Cup appearances. He also holds the record for most knockout-stage goals, with at least 10 to his name. For a player competing in only his third World Cup, that’s a stat line most strikers wouldn’t achieve across five tournaments.
Mbappé currently sits tied with Lionel Messi at seven goals in the 2026 tournament alone. The two are locked in a parallel duel for individual supremacy even as their teams navigate the knockout bracket on separate sides.
Meme tokens ride the momentum In the crypto corner of this story, unofficial Solana-based meme tokens associated with Mbappé’s name have seen renewed trading interest. This mirrors what happened during the 2022 World Cup, when Mbappé’s hat trick against Argentina in the final sent trading volumes on various athlete-themed tokens into overdrive.
Let’s be clear about what these tokens actually are. They’re unofficial. They have no endorsement from Mbappé, no connection to Real Madrid, and no underlying utility beyond speculation. Their value is entirely a function of attention, which is the most volatile commodity in crypto.
Volumes tend to spike immediately after a high-profile goal or record-breaking moment, then decay rapidly as the news cycle moves on. Anyone buying the peak of a post-goal pump is essentially betting that someone else will pay even more for the same hype. When the tournament ends, or when Mbappé has a quiet game, the attention evaporates and so does the liquidity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum’s net supply increased by 83,550 ETH over the past 30 days.
According to data from Ultrasound.money, Ethereum's net supply has increased by 83,550 ETH over the past 30 days, bringing its total supply to 121,838,278 ETH, with the current annual supply growth rate standing at 0.835%.
3 hours ago
AI capital expenditure is projected to reach $1.1 trillion by 2027, potentially surpassing U.S. defense spending for the first time.
The Kobeissi Letter stated in a post that the AI spending boom is reshaping the U.S. economy. AI capital expenditures by Alphabet, Amazon, Meta, Microsoft, and Oracle are projected to rise to roughly 3.2% of U.S. GDP by 2027. If the forecast holds, annual AI capital spending will for the first time exceed U.S. defense outlays, which are expected to account for around 2.7% of GDP next year. For this year alone, the group’s AI capital spending is forecast to jump from 1.5% of GDP in 2025 to roughly 2.5%, nearly matching the 2.7% share of GDP allocated to defense spending. The five firms’ combined AI capital expenditures are projected to top $800 billion in 2026, then climb to a record $1.1 trillion in 2027. These figures are "staggering".
3 hours ago
US and South Korean stocks Monday price preview: Micron Technology is forecast to rise more than 6% in pre-market trading, while Samsung Electronics is expected to open 4% higher.
Due to the U.S. Independence Day holiday (July 3), U.S. stock markets were closed last Friday, paired with the regular weekend closure. "On-chain Nasdaq" Trade.xyz enables continuous trading and real-time price discovery unavailable in traditional finance via perpetual contracts, pricing in advance for Monday’s U.S. and South Korean stock sessions. Top U.S. stock tickers on Trade.xyz showed mixed moves compared to Thursday’s after-hours trading, and are expected to consolidate with minor fluctuations ahead of Monday’s pre-market. Weekend performance details: Micron (MU) is currently at $1038.71, versus $976.63 in U.S. Thursday after-hours trading; SanDisk (SNDK) at $1856.65, versus $1762.011 Thursday after-hours; NVIDIA at $197.83, versus $194.44 Thursday after-hours; Intel at $124.2, versus $121 Thursday after-hours; Google at $360.06, versus $359.91 Thursday after-hours; AMD at $537.34, versus $519.5 Thursday after-hours; SpaceX at $161.27, versus $160.95 Thursday after-hours. For top South Korean stock tickers on Trade.xyz, their weekend performance is as follows: Samsung Electronics is currently at $210.49, versus $202.35 at Friday’s close; SK Hynix is at $1623.16, versus $1585 at Friday’s close.
3 hours ago
SK Hynix seeks to attract more AI investors via its US listing.
SK Hynix’s upcoming $29 billion U.S. stock market listing could be the largest initial public offering (IPO) by a foreign company in history, but the move is not just about raising capital. More importantly, the firm aims to compete in the hottest segment of global stock markets right now: memory chips for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust (which holds Micron stock), said the market is in a period of extreme hype for chip stocks, and now is a good time to bring U.S. investors on board for its shares. Zhou Di, portfolio manager at Thornburg Investment Management (which holds SK Hynix stock), noted that the offering targets investors who currently cannot access South Korea’s stock market. SK Hynix’s Nasdaq listing gives investors direct, frictionless access to one of the most attractive pure-play assets in the AI memory cycle. (Jin Shi)
3 hours ago
Ming-Chi Kuo: Foldable iPhone may repeat the iPhone X playbook, launching later and facing supply constraints through the end of the year.
TF International Securities analyst Ming-Chi Kuo stated in a note that the foldable iPhone could repeat the iPhone X playbook: it will be unveiled alongside other models, but pre-orders and official launch will be delayed, and supply shortages may persist through the end of 2026. Based on third-quarter 2026 production volumes, the foldable iPhone is likely to mirror the 2017 iPhone X. That year, the iPhone X was unveiled alongside the iPhone 8 and 8 Plus on September 12, but due to insufficient stock, pre-orders were pushed back to October 27 and official sales to November 3. Given the foldable iPhone’s limited third-quarter shipments, it may also open pre-orders and official sales only in the fourth quarter of 2026. After discussions with telecom operators, sales channels, and resellers/parallel import agents, Kuo concluded that even if the foldable iPhone is priced at roughly $2,300 to $2,500, demand will remain strong at least through the end of 2026. This means the device could sell out rapidly once pre-orders open, with shipment wait times potentially jumping to 4 to 6 weeks or longer, extending into December. He added that the foldable iPhone’s initial limited supply, distinct design, and innovative user experience could drive up short-term resale prices, with resale prices 50% to 100% higher than the official retail price not being out of the question.
3 hours ago
Analysis: Powell’s tight-lipped approach makes the Fed’s June meeting minutes even more important.
George Goncalves, Head of US Macro Strategy at MUFG Securities Americas, noted that Waller’s concise communication style makes the June Federal Open Market Committee (FOMC) meeting minutes carry more weight than usual, offering valuable insight into the differing stances among Fed officials. “The meeting minutes will become even more important because, up to now, we don’t know what the Fed is thinking,” Goncalves said. “It will be very instructive to see how they debate and what they prioritize.” He added that some investors have questioned Waller’s “hands-off” approach, with many calling for a return to greater transparency. Many market participants are unaccustomed to reduced information flow, and there remains considerable skepticism over how long the Fed can maintain this stance. For now, we can only read between the lines. (Source: Jinshi)
Crypto influencer @TCryptochicks released a series of "riddle" images, after which Binance founder CZ retweeted and replied "Water (drop) your BNB wallet" — reigniting hype around celebrity-themed meme coins. In response, multiple CZ-themed meme coins emerged on the Binance Smart Chain (BSC), surging sharply in a short period. Among them: - CZ (The Final Form Bull): Market cap briefly topped $41 million, now pulled back to $29.82 million, with a 24-hour trading volume of $28 million and a 24-hour gain of 18,200%. - CZ (The Bull): Market cap briefly exceeded $11 million, now at $3.88 million, with a 24-hour trading volume of $6.1 million and a 24-hour gain of 2,400%. Market observers note this mirrors the "Ansem effect" previously seen on Solana, where topics linked to prominent KOLs or celebrities trigger explosive rallies in meme coins bearing the same or similar names. CZ has in the past indirectly driven BSC meme coin trends via social media interactions, such as references to his dog "Broccoli", the number "4" meme, and his book title "Binance Life". However, he has repeatedly clarified his tweets do not constitute endorsements. Related tokens have historically seen sharp surges followed by rapid pullbacks, so investors should be alert to high volatility and rug pull risks.
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Solana has lost 68% of its validators in three years, dropping from around 2,500 to about 800 after a purge launched in 2025. Joseph Chalom, co-CEO of Sharplink and former BlackRock executive, contrasts this decline with Ethereum’s over 900,000 validators. This battle of figures reignites the debate on the true decentralization of major blockchains. Will institutional investors decide in favor of robustness over speed?
In brief Joseph Chalom, co-CEO of Sharplink and former BlackRock executive, states that Ethereum’s 900,000 validators outperform Solana’s 800. Electric Capital counts 1,012,824 developers who have contributed to Ethereum, including 232,000 active over the past twelve months. Sharplink held 886,725 ETH at the end of June 2026, one of the largest corporate ether reserves. Why does Chalom oppose Ethereum and Solana validators? Joseph Chalom, co-CEO of Sharplink and former Head of Digital Asset Strategy at BlackRock, challenges the persistent idea of a cultural problem at Ethereum, a criticism circulating for several months in the crypto community.
He also contrasts the network’s more than 900,000 active validators with the roughly 800 still counted on Solana, a gap he considers decisive for the future of smart contracts.
This confrontation comes as Solana has just reinforced its on-chain governance with the Solana Governance Proposals, a mechanism that redistributes voting power between validators and token holders. However, Chalom believes this effort does not compensate for the erosion in the number of validators.
Electric Capital indeed counts more than one million cumulative contributors to Ethereum’s code since its creation, including about 232,000 who remained active over the past twelve months. On Solana, however, 92% of applications still run on a single software client, a concentration Chalom considers risky for network resilience in the event of a major bug.
What are the stakes for decentralization after Solana’s validator purge? Solana had about 2,500 validators three years ago before introducing a pruning process in 2025 aimed at removing inactive or poorly performing nodes. This choice thus reduced their number to about 800, a purge its supporters describe as a qualitative improvement.
Chalom recalls that his years at BlackRock showed him the large institutions’ constant preference for network neutrality and resistance to capture by a single actor. Sharplink also illustrates this conviction through its ether treasury strategy, raised to 886,725 ETH at the end of June, and its financial support to Ethlabs, a research center founded by former Ethereum Foundation members.
Yet a historical figure of the Ethereum Foundation acknowledged that the network still lacks a clear value proposition to convince new investors. Meanwhile, the Solana team defends a lighter and faster network, better suited, according to them, for high-frequency trading and applications aimed at the general public.
This numbers duel illustrates two opposing visions of decentralization, between robustness of numbers and operational lightness. Three factors will influence what follows: institutional appetite for Ethereum ETFs, the trajectory of Solana validators after its purge, and the growing role of tokenization. The standards battle is just beginning.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
On July 7, 3 weeks after the largest IPO in history, SPCX enters the Nasdaq-100 with billions in passive index buying behind it. The more interesting market is the one Wall Street does not run: tokenized shares on Solana, perpetual futures that priced the listing before bankers did, a $557 million subscription campaign that had to refund almost everyone, and 18,712 Bitcoin sitting on the rocket company’s balance sheet.
Summary
SpaceX’s Nasdaq-100 entry will bring estimated passive buying while crypto markets already trade its exposure around the clock. Tokenized shares, tracker products, and perpetual futures turned SPCX into a live test of equity trading on crypto rails. The SpaceX cycle exposed both the promise and risks of tokenized markets, from global access to failed allocations and liquidations. Index inclusions are usually the sleepiest events in finance. A committee updates a list, passive funds rebalance, and the market moves on. SpaceX joining the Nasdaq-100 before the open on Tuesday, July 7, is not sleepy, partly because the company only went public on June 12 and partly because the estimated $4.3 billion in passive buying tied to the inclusion is arriving into one of the strangest market structures any stock has ever had.
SpaceX, ticker SPCX, is the first mega-cap whose entire public life has run in parallel on crypto rails. Its valuation was traded around the clock for weeks before the IPO priced. Its shares exist simultaneously as Nasdaq stock, as redeemable tokens on Solana, as tracker certificates on half a dozen exchanges, and as cash-settled perpetual futures that liquidated more than $50 million in positions during one bad 48-hour stretch. Its balance sheet holds 18,712 Bitcoin. And when the index funds start buying on Tuesday morning, a meaningful part of the price discovery will already have happened overnight, on-chain, while the exchange was closed.
This is what it looks like when the market structure conversation stops being theoretical. Here is the full map of the SpaceX trade, and what Tuesday tests.
The listing that broke records and brokers The numbers behind the underlying event deserve a restatement, because everything else sits on top of them. SpaceX sold 555.6 million Class A shares at $135 on June 12, raising $75 billion, the largest initial public offering in United States history, at a valuation near $1.75 trillion. Goldman Sachs led the syndicate alongside Morgan Stanley, Bank of America Securities, Citigroup, and JPMorgan. The company dual-listed on Nasdaq’s Texas exchange under the same ticker, and in a sharp break from mega-cap convention, allocated 30% of the offering to retail investors instead of the usual sliver near 10%.
The stock opened at $150, traded as high as the mid-$160s, and then did what heavily hyped listings often do: it came back down, slipping below its opening price in late June during the broader market drawdown, leaving buyers above the $135 offer price with a live lesson in post-IPO volatility. The first public earnings report lands in September, and the first quarterly disclosure period, ending June 30, has just closed.
One filing detail turned the listing into a crypto story on its own. SpaceX’s registration statement disclosed 18,712 BTC on the balance sheet, acquired back in 2021 at a cost basis of roughly $661 million and worth around $1.2 billion at recent prices. As a public company, SpaceX now reports that position, its cost basis, and its fair-value changes every quarter, joining the small club of corporates whose earnings calls double as Bitcoin disclosures. The June market slide made that holding a talking point immediately, with analysts noting that the $75 billion raise itself competed for the same pool of risk capital that had been holding up crypto prices.
The perpetuals that front-ran the bankers The most consequential crypto layer of the SpaceX trade started weeks before the stock existed. On May 18, the builder TradeXYZ deployed a pre-IPO perpetual futures market for SpaceX on Hyperliquid under the ticker xyz:SPCX, using the HIP-3 framework that lets outside builders launch perpetual markets on the chain.
Centralized exchanges followed with their own contracts, and by listing day the pre-IPO complex had processed $3.2 billion in volume across 8 venues with open interest peaking above $390 million, including more than $190 million on Hyperliquid alone before the Nasdaq open.
What makes those markets more than a curiosity is how well they priced the event. Aggregated pre-IPO contracts traded at a volume-weighted average near $155 in the final stretch against the $135 offer price, and closed the pre-listing period at an average of $157, within 4.7% of the $150 opening print. The precedent held from the Cerebras listing months earlier, where the equivalent contract landed within 1.3% of the opening price. Synthetic, around-the-clock markets built on crypto infrastructure produced a credible forecast of where one of the most oversubscribed offerings in history would open, while the traditional book-building process kept that information inside the syndicate.
The same markets also delivered the cautionary chapter. Once Nasdaq trading began, the contracts converted into standard equity-linked perpetuals using the live stock price as an oracle, and when SPCX slid below its $150 opening level in late June, leveraged longs paid for the enthusiasm: more than $50 million in SPCX perpetual liquidations in 48 hours, a total that briefly ranked the contract behind only Bitcoin and Ethereum among crypto derivatives. A perpetual future on a stock inherits crypto’s speed in both directions, and the liquidation engine does not wait for an opening bell.
Four things called SpaceX exposure, one of them actual stock The tokenized layer is where the SpaceX trade turned into a market structure exam that much of the industry failed. By late June, a retail buyer reaching for SpaceX exposure through crypto could end up holding four legally distinct instruments, and the differences only became obvious under stress.
The first is the real thing: a Nasdaq share, whether through a traditional broker or through exchange offerings that route whole-share orders to an introducing broker with standard clearing. Real equity, real shareholder claim, real trading halts.
The second is the redeemable token. Backpack Securities issued a Solana-native SpaceX token backed 1:1 by actual shares in regulated custody, redeemable into the underlying equity and transferable to a conventional brokerage. Ondo launched its own 1:1 tracker on Ethereum and Solana with daily custody attestations. These are the instruments the tokenization thesis has been promising: the stock, wrapped, portable, and trading around the clock.
The third is the tracker certificate. The xStocks product, launched by Kraken parent Payward and distributed across exchanges including Bybit, delivers price exposure through bearer debt instruments with no shareholder rights, no voting, and no legal claim on the underlying shares, and its own terms allow the collateral behind them to be assets other than the stock itself. It is exposure, not ownership, and the paperwork says so for anyone who reads it. Payward has spent 2026 planting flags across mainstream finance, from tokenized equities to its FIFA World Cup sponsorship, and xStocks is the ambitious middle of that portfolio.
The fourth is the perpetual, which owns nothing at all and tracks the price purely through funding mechanics.
The stress test arrived before the stock did. Binance Wallet ran a tokenized subscription campaign for SpaceX exposure through xStocks that raised $557 million from 27,689 wallet addresses, one of the largest tokenized offering campaigns ever, with Bybit running a parallel program. Then the supply failed to show up: the xStocks provider received a smaller pre-IPO share allocation than expected, and Binance, Bybit, and Bitget canceled customer allocations and refunded in full, with Binance distributing a consolation $1 million in shares through its newer bStocks platform. The fine print had warned that allocations were not guaranteed, and the fine print won. Tokenization can wrap a share, but it cannot conjure one, and the biggest tokenized IPO campaign in history ended as a refund notice.
None of that stopped the sector’s growth. Tokenized stock volumes hit a record $20 billion during the SpaceX cycle, pre-IPO tokenized trading volume surged over 1,000%, and tokenized equities as a category kept compounding, with Citi projecting tokenized real-world assets to grow from around $17 billion today to $5.5 trillion by 2030. SpaceX was simultaneously the category’s best advertisement and its most public quality-control failure.
How a market for a private company actually works Since pre-IPO perpetuals are about to become a fixture of every major listing, the mechanics deserve a proper walkthrough, because the instrument is stranger than its chart suggests.
A perpetual future normally needs a reference price to anchor its funding mechanism: longs pay shorts when the contract trades above the index, shorts pay longs below it, and the payments tether the derivative to the underlying. A private company has no underlying. The pre-IPO contracts solved this by letting the funding mechanism anchor to itself, with the contract price representing the market’s continuously updated estimate of the eventual listing value, disciplined by traders willing to take the other side of any drift. It is price discovery with no ground truth until listing day, which sounds like astrology and behaved like arbitrage.
The Cerebras listing was the controlled experiment. The chipmaker’s pre-IPO perpetual traded for weeks before its Nasdaq debut, and when the stock opened, the contract’s final pre-listing price sat within 1.3% of the $350 opening print. Spreads on the contract compressed to a 0.07% median once the live stock price became the oracle, and open interest rolled off in an orderly unwind as positions reconciled against reality. The experiment answered the core objection to synthetic pre-IPO markets, that with no underlying to arbitrage they would drift into fantasy, with a data point: they did not.
SpaceX ran the experiment at 40 times the size. The Hyperliquid contract launched on May 18 with the IPO reference at $135, and the market immediately priced the company richer, clustering between $180 and $200 in the first weeks, an implied valuation near $2.5 trillion that said more about scarcity hunger than fundamentals. Then something instructive happened: as the roadshow progressed and allocation details leaked, the contracts converged, sliding into the $160 to $170 range by June 8 and settling near $155 aggregate VWAP into listing week. The synthetic market did not just guess; it updated, absorbing information through the exact process equity analysts describe as price discovery, running around the clock on rails the syndicate did not control.
At listing, the contracts flipped their oracle to the live Nasdaq price and became ordinary equity-linked perpetuals, which is where the second lesson arrived. An around-the-clock leveraged derivative on a stock means the stock effectively trades around the clock too, with all of crypto’s liquidation mechanics attached. When SPCX broke below $150, the cascade cleared more than $50 million in 48 hours, forcing exits firing at 3 a.m. against a reference asset whose actual venue was closed. Equity investors got their first taste of a dynamic crypto traders know in their bones: in a leveraged 24-hour market, the price you are liquidated at and the price the asset deserves are frequently different numbers, and only one of them empties your account.
The regulatory seam running through everything Every layer of the SpaceX crypto complex operates around a single inconvenient fact: most of it is unavailable to Americans, on purpose.
The tokenized products draw the sharpest lines. xStocks excludes users from the United States, the United Kingdom, Canada, and Australia outright. Ondo’s tracker is for non-United States users. Backpack’s redeemable token operates through securities registrations that carefully fence its distribution. The pattern is uniform because the legal exposure is: a tokenized share offered to a United States retail investor is a securities offering, and nobody in the stack wants to run that experiment ahead of legislation. The result is an inverted access map, where a trader in Lagos or Manila can hold around-the-clock SpaceX exposure through a phone wallet while a trader in Ohio needs a brokerage account and market hours, for a company whose rockets launch from Texas and Florida.
The perpetuals live in the same seam. The offshore exchanges listing SPCX contracts exclude United States persons as a matter of stated policy, with all the enforcement rigor that phrase historically implies, and the domestic regulated path for equity perpetuals is still being fought over between the CFTC and the exchanges. Meanwhile, the pending market structure legislation grinding through the Senate would redraw several of these lines at once, which is why every player in the tokenized stock complex is building now and lobbying simultaneously: the rails that exist when the rules finalize tend to get grandfathered into legitimacy, and the ones that do not get built never do.
The seam also explains the industry’s strange incentive alignment around Tuesday. A clean, liquid, boring index inclusion, with the tokenized layer tracking faithfully and no structural embarrassments, is a lobbying exhibit for the entire sector. A blowup is an exhibit for the other side. Rarely has a passive rebalancing event carried this much narrative weight for people who do not own the stock.
What Tuesday actually tests The Nasdaq-100 inclusion, effective before the market opens on July 7, is mechanically simple: index-tracking funds led by the QQQ complex must hold SPCX, and the estimated $4.3 billion in passive demand tied to that rebalancing arrives on a schedule everyone can see. The flow is not new money deciding it likes rockets; it is rule-following capital buying whatever the index says, funded by trimming whichever component fell out of the top 100, which is why inclusion effects are usually front-run, faded, and forgotten within a week. The wrinkle this time is that the front-running venues never close. The same June liquidity squeeze that drained a record $4 billion from Bitcoin ETFs while whales accumulated on-chain showed how sharply passive flows and conviction flows can diverge; Tuesday runs that experiment inside a single ticker. For a normal stock, the interesting question is how much of the flow is already priced in. For this stock, there are three better questions.
First, where does the price discovery happen? The inclusion takes effect at the open, but the tokenized shares and the perpetuals trade through the weekend and overnight. Whatever the market decides about the inclusion will be visible on-chain hours before the first Nasdaq print on Tuesday, the same way the pre-IPO perps front-ran the offer price. Index events used to be a bell-to-bell affair. This one has a 24-hour shadow market attached, and the arbitrage between the two is now a professional trade.
Second, does the passive bid meet the leveraged crowd? SPCX perpetual open interest rebuilt after the June flush, and a scheduled, well-telegraphed buying event is exactly the setup that attracts leverage on both sides. The last time the stock moved sharply, the liquidation cascade outpaced anything the equity market itself did. A calm inclusion would be a small landmark for the tokenized complex; a violent one would be a reminder that bolting crypto market structure onto a stock imports crypto’s failure modes along with its hours.
Third, does the index bid revalue the Bitcoin on the books? Passive funds buying SPCX are, at one remove, buying 18,712 BTC without an opinion about it, the same way index investors have been buying corporate Bitcoin treasuries through other tickers for years. It is a small position against a $1.7 trillion company, but the symbolism runs the other direction: Bitcoin exposure is now something the Nasdaq-100 carries by default, embedded in a rocket company, disclosed quarterly, and owned by every retirement account tracking the index.
LATEST: Arthur Hayes warns that SpaceX, Anthropic, and OpenAI IPOs plus rising oil prices could burst the AI bubble. He sees Bitcoin dumping then pumping once the event triggers the next liquidity cycle pic.twitter.com/xTateutPGC
— crypto.news (@cryptodotnews) June 9, 2026 The precedent being set in real time Step back from the ticker and the SpaceX cycle reads like a preview of how every major listing will eventually work. A company’s valuation now starts trading the moment the market cares, not the moment a syndicate allows it. The pre-IPO perps priced SpaceX within a few percent while the roadshow was still running. The tokenized wrappers extended the stock into jurisdictions and hours the exchange cannot reach, the same premise Robinhood just built an entire blockchain around. The failures were real, from the xStocks allocation collapse to the liquidation cascade, but they were failures of capacity and leverage, not of the premise.
The IPO pipeline behind SpaceX makes the preview matter. OpenAI and Anthropic perpetuals already trade the same way SPCX did in May, meaning the market is currently pricing companies that have not filed anything, continuously, with open interest in the hundreds of millions. Whenever those listings arrive, the crypto layer will not be an afterthought bolted on for retail access. It will have been the market of record for months, with the exchange listing arriving as the settlement event that reconciles everyone’s positions.
The retail geography of the trade is the part traditional finance keeps underestimating. SpaceX allocated 30% of its offering to retail, an unprecedented share for a listing this size, and the tokenized layer extended that populism to jurisdictions the allocation never reached: on-chain SPCX products let buyers in more than 100 countries take positions from a phone, in fractions, at any hour, with no brokerage relationship. The demand was not hypothetical. The pre-IPO tokenized trading complex grew over 1,000% in volume during the SpaceX cycle, the Binance Wallet campaign alone pulled in $557 million of subscription demand from under 28,000 wallets, and the perpetuals cleared billions from traders who could never have participated in the actual book. Whether regulators read that as democratized access or as an unlicensed parallel offering is precisely the fight the next 2 years of market structure policy will settle, and SpaceX supplied both sides with their best evidence.
There is also a quieter institutional lesson in how the instruments behaved relative to each other. Through the June volatility, the redeemable tokens tracked the stock tightly because arbitrageurs could actually redeem them, the tracker certificates drifted on their own supply and demand because nobody could, and the perpetuals overshot in both directions because leverage always does. The dispersion between four instruments referencing one asset is a live measurement of how much each layer of trust costs, updated every minute, and desks have started trading the basis between the wrappers the way they trade the futures basis in any mature market. Market structure people call this the instrument stack finding its pricing; everyone else calls it confusing, and both are right.
That inversion, crypto markets first and the stock exchange as confirmation, would have sounded absurd during the last cycle. On Tuesday morning, when the index funds show up to buy a stock whose weekend price action already happened on Solana and Hyperliquid, it will just be how the SpaceX trade works. The rocket company did not set out to become the test case for the merger of equity and crypto market structure. It became one anyway, because it was the biggest thing on the launchpad when the rails were finally ready, and markets, like rockets, use the heaviest available payload to prove the vehicle.
The score going into the open The scoreboard so far: the perpetuals called the IPO price better than the commentary did, the redeemable tokens worked exactly as designed, the tracker certificates exposed the difference between exposure and ownership, the subscription campaigns found the hard limit of tokenized supply, and the leverage got punished on schedule. That is a remarkably complete stress test for a market structure that barely existed 2 years ago, administered by a single stock in 3 weeks.
Tuesday adds the last missing scenario, a scheduled institutional flow event, to the record. Whichever way SPCX trades, the more durable result is already in: the parallel market did not blink, did not halt, and did not wait for anyone’s opening bell. The index committee added a company to a list. The market around that company had already added itself to something bigger.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Digital asset markets are volatile, and you can lose your entire investment. Always do your own research. Information current as of July 4, 2026.
Solana approached a critical resistance zone after its latest rebound on Saturday, July 4, 2026. As of writing, SOL was trading at $82.05, representing a 1.24% increase over the past 24 hours. Its daily trading volume also climbed, rising 3.46% to reach $2.32 billion. According to CoinMarketCap data, SOL posted a solid 12.71% gain over the past week.
Search for direction at key levelsBitGuru, a crypto analyst, noted that after a period of consolidation, SOL broke out to the upside, helping fuel short-term positive momentum. BitGuru identified $75 as a major support level. Maintaining price action above this region is considered crucial for preserving the current recovery structure.
BitGuru emphasized that as long as SOL holds above $75, its breakout structure remains intact. Should buyers stay in control, the analyst believes the next key target area will be between $85 and $90.
Another analyst, KAY Drake, observed that Solana has been inching toward the $84.40 region after several consecutive days of upward movement. However, Drake cautioned that this advance does not yet confirm a decisive breakout. In his view, growing price action around the resistance zone makes this area even more significant.
Drake added that a sustained move above $84.40, followed by this level turning into support, could give a clearer technical picture. Such a scenario could prompt sidelined investors to return to the market and participate in further gains.
What do technical indicators suggest?On the technical side, exponential moving averages (EMAs) continue to bolster Solana’s short-term recovery. The 20-day EMA sits at $74.65, with the 50-day EMA at $75.96. At its current price of $82.09, SOL is trading slightly above its 100-day EMA of $81.60. However, the 200-day EMA at $96.70 highlights a broader zone of strong resistance overhead.
For reference, the EMA—short for exponential moving average—is a technical indicator that places more weight on recent prices to help track the market trend. Holding above shorter-term EMAs can signal growing strength in the near term.
The MACD indicator, meanwhile, shows that overall momentum remains limited. The MACD line stands at 1.70, with the signal line at 1.67. The histogram posted a reading of minus 0.03, underlining that despite the latest recovery, the momentum gap remains modest and a clear bullish reversal has yet to materialize.
85 to 90 dollar range remains in focusIn the short term, the $84.40 area could prove decisive in determining Solana’s direction. If the price manages to overcome this resistance and establish it as support, the $85 to $90 corridor will come into play as a new target range. Conversely, failure to hold near resistance could trigger a return to the $75 support zone.
Analysts stress that their assessments are intended as market analysis and price projections. Due to high volatility in cryptocurrency markets, none of these levels can offer guarantees or certainty for future movement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana has recently emerged as a focal point in the cryptocurrency market, attracting attention with both surging transaction volumes and new proposals that could significantly impact the network’s future token supply. According to market data, activity on the blockchain has picked up notably, with analysts maintaining a long-term bullish outlook for the ecosystem.
Transaction volume sees explosive growthMarket expert Zensei reported that Solana’s transaction volume soared by 170.3% year on year for April, May, and June. By comparison, growth on the Hyperliquid platform was limited to just 9.1% in the same period, underscoring that Solana’s rate of increase was nearly 19 times greater than its peer network.
Solana is recognized for its high speed and low transaction fees, which have kept users and capital engaged on the network. As transaction flows intensify, investor attention has shifted from mere price trends toward the protocol-level changes driving the uptick in activity.
According to DeFi Dev Corp, approximately 60,000 new SOL tokens are minted daily on the Solana network, while only 650 SOL are being burned in return.
Technical outlook: $270 resistance comes into focusVuori Trading notes that after its recent correction, SOL appears to have entered a recovery phase and may be embarking on the fifth wave of the Elliott Wave cycle. If the current market optimism persists, $1,259 is cited as a potential medium-term target for Solana. The present pullback is interpreted as a fourth-wave correction rather than a breakdown in trend.
Technical indicators point to $107.94 as the main support level. Meanwhile, $270 stands out as the primary resistance zone. A decisive move above $270 could reinforce upward momentum, while a dip below $107.94 would increase the risk of a deeper correction.
The Relative Strength Index (RSI) remains one of the key metrics closely monitored by traders. With RSI nearing levels historically associated with the end of major declines, several analysts are watching SOL’s price structure with heightened attention.
Mini glossary: The Elliott Wave Theory proposes that price moves in repeating wave patterns, aiding technical analysis. RSI measures the speed and strength of price movements, helping identify overbought or oversold conditions in assets.
New proposals could reshape supply dynamicsBeyond technicals, proposed protocol upgrades within the Solana community may bring lasting changes to the token’s economic structure. DeFi Dev Corp revealed that with approximately 60,000 new SOL entering circulation daily versus only 650 SOL burned, the current supply inflation remains pronounced.
Currently, three SIMD proposals aim to address this disparity. SIMD-550 seeks to accelerate the reduction in inflation, effectively decreasing the future supply of new tokens. On the other hand, SIMD-123 is designed to increase institutional staking via validator pools, thereby reducing the circulating supply of SOL.
Vuori Trading emphasizes that the recent pullback appears more like a routine correction than a trend reversal, with the potential for higher levels to be retested if overall market support continues.
If these proposals are accepted, the Solana network could see lower inflation, higher staking participation, and more tokens burned as network usage grows. Market participants are closely watching governance decisions, the network’s capacity to accommodate rising activity, and SOL’s price behavior above the $270 mark.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Data from @chainspect_app has handed @Solana a notable milestone: the network has overtaken @dfinity's Internet Computer Protocol ($ICP) to claim the number one spot in real-world blockchain speed, registering 1,707 transactions per second (tx/s). $ICP drops to second place at 978 tx/s, while @BNBChain holds third position, though some distance behind the top two.
Speed Rankings Shift at the Top The Chainspect dashboard, which tracks live scalability metrics across major networks, has become a closely watched reference point for on-chain performance comparisons. Tools like Chainspect compile real-time performance metrics across various networks, providing transparent insights into the number of transactions processed each second. The figures reported for $SOL and $ICP reflect observed throughput rather than theoretical ceilings, making them a more practical measure of production-ready performance.
Real-world sustained TPS on Solana's mainnet typically ranges from 1,000 to 4,000 TPS depending on network activity, according to Chainspect live data. Solana's distinctive consensus mechanism, Proof of History (PoH), helps it achieve this scalability and efficiency. Meanwhile, Internet Computer focuses on running apps at web speed directly on the blockchain, handling around 1,200 real transactions per second with confirmation times between one and two seconds.
It is worth noting that TPS rankings can shift frequently. As recently as May 2026, Internet Computer led every major blockchain in total transaction volume over a 30-day period, with its volume reaching roughly 6.5 billion on the Chainspect rankings. The two networks have remained close rivals at the top of the speed table for some time, and Solana and Internet Computer lead in sustained real-time TPS among layer-1 blockchains more broadly.
$ICP vs $SOL: Different Strengths, Same Race Beyond raw throughput, the two networks take different architectural approaches. The Internet Computer is a decentralized cloud blockchain that pursues the cloud computing market, hosting apps, websites, and enterprise systems fully on-chain. Solana, by contrast, is built primarily around high-frequency financial activity. Solana's real-world throughput is already comparable to Visa's average daily processing load of approximately 1,700 TPS.
Looking ahead, Solana's performance headroom could expand considerably. The Firedancer validator client, built from scratch by Jump Crypto, processed over 1 million transactions per second on commodity hardware in testing, a demonstration confirmed at Breakpoint 2024. That suggests the current TPS figure, competitive as it is, may only be the beginning for the network.
For now, the community debate is live: which network offers the stronger long-term case, $ICP or $SOL?
Sources:
Chainspect: Fastest Blockchains by TPS (Live Dashboard)
Chainspect: ICP vs Solana TPS Comparison
BeInCrypto: Internet Computer Beats Solana and BNB Chain in 30-Day Activity Race
While most altcoins plunge and see their market capitalization fall to its lowest level since December 2023, Solana follows a radically different trajectory. Unlike a pressured market, the network attracts capital at a sustained pace and fuels renewed interest around its SOL token. This decoupling, rare in the crypto ecosystem, intrigues both investors and analysts alike. Behind this resistance are two distinct drivers: a fundamental dynamic supported by the network and a speculative momentum that further strengthens its attractiveness.
In brief Solana stands out from the altcoin slump thanks to strong growth in its on-chain activity and a continuous inflow of capital. The tokenization of assets and DeFi accelerate network adoption, with record volumes and a number of active addresses now exceeding Ethereum’s in this segment. Memecoins and Pump.fun revive speculation, generating a new wave of liquidity that supports demand for the SOL token. Prediction markets enrich the ecosystem, while signals from derivative markets suggest caution regarding SOL’s ability to extend its rally. The Explosion of Tokenized Assets and DeFi on Solana Solana’s bullish momentum found its initial anchor point on June 23, a key date marking a historic milestone for the blockchain. On-chain data reveal the following financial milestones :
The cumulative volume of tokenized stock transfers on the network officially exceeded $10 billion, driven by the introduction of SpaceX company stock trading by the Backpack platform ; The total value of tokenized assets on Solana, excluding stablecoins, reached an all-time high of $3.5 billion, up from just $2.7 billion a month earlier ; The network now has 294,274 active addresses dedicated to the tokenization industry (S&P 500 stock indices, Nasdaq-100, and corporate credits), significantly ahead of its main competitor Ethereum, which records 204,955 on its side. While the rest of the crypto market sank into a prolonged bearish trend, Solana thus began an upward trajectory completely disconnected from the traditional altcoin sector indices. This technical and operational leadership, supported by the integration of corporate credit tokens and leading stock indices, enabled SOL to break major resistance levels.
By capturing the majority of active addresses in the sector compared to the Ethereum ecosystem, the blockchain transformed its infrastructure into an unmissable liquidity hub, propelling the price of SOL to its highest level in 30 days, settling at 83 dollars.
The Fervor of Memecoins and the Return of Pump.fun to the Forefront Beyond the fundamentals of tokenization, the retail market injected a second wave of liquidity through a surge of intense activity on the memecoin segment. The trigger was the launch of the The Black Bull (ANSEM) token via the Pump.fun platform, which immediately rekindled speculators’ interest. This asset reached a market capitalization of $60 million within two days, before continuing its run to hit an all-time high of $112 million.
The project’s deployment remained opaque, the anonymous developer having chosen to allocate about 65% of the total supply directly to the public wallet of crypto influencer Ansem, a distribution that nonetheless mobilized 74,000 unique addresses during its first three days of existence.
This sectoral effervescence directly benefited the network’s native infrastructures, foremost among them the PUMP token of the Pump.fun platform, whose weekly gains of 27% allowed it to re-enter the top 100 largest global crypto capitalizations with a valuation of $630 million.
Such enthusiasm demonstrates the return of strong liquidity. Retail investors massively choose Solana for its speed of execution. This speculative frenzy, although volatile, fuels a daily transaction volume that mechanically supports demand for the SOL token, essential for paying gas fees, reinforcing buying pressure on the spot market against exhausted sellers.
The Conquest of Prediction Markets and Derivative Arbitrage Meanwhile, the ecosystem diversifies in a more strategic way with the launch of the “World” prediction markets integrated directly into the Phantom wallet, aiming to capture the enthusiasm of bettors with the World Cup frenzy, in direct competition with Polymarket.
This project collected nearly $890,000 in total value locked (TVL) in just forty-eight hours, while the Jupiter aggregator deployed its own version of prediction markets in beta testing phase. Thus, this extension of use cases towards prediction markets brings a new utility dimension to the network, attracting a betting audience that generates constant financial flows decoupled from the classic cycles of decentralized finance.
All these factors outline a complex outlook for Solana, dependent on the long-term viability of these capital flows. While on-chain activity proves particularly vibrant, examining derivative markets invites a much more nuanced analysis of the forces at play. Indeed, the appetite for leverage has cooled sharply, with the annualized funding rate for SOL perpetual futures contracts falling to 3% after peaking at 11% when the price broke through 75 dollars.
Knowing that a healthy bull market generally requires a funding rate between 6% and 12% to offset capital costs, this marked decline indicates strong hesitation among traders to bet on an immediate rise to 90 dollars. The short-term future will thus depend on the network’s ability to convert speculative enthusiasm into sustainable commitment, under the risk of seeing this decoupling fade amid the persistent gloom of the overall crypto market.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Solana price, which has seen a slight rally to $82 this week, is making many investors wonder if now is the right time to buy. To provide this view on Solana’s recent move, popular crypto analyst VirtualBacon says investors should first look at Bitcoin, not Solana.
While he says Solana at $80 is not a buy because it’s too expensive. Here’s why!
Every Altcoin Starts With BitcoinAccording to VirtualBacon, the biggest mistake investors make is looking at Solana without first analyzing the Bitcoin market. He believes that before deciding whether Solana is a good buy during this bear market, investors first need to understand where Bitcoin stands in its market cycle.
He says that “Altcoins do not lead the bull run, Bitcoin leads.”
For him, Bitcoin’s most important support levels are its 200-week moving average around $62,000 and its Realized Price near $53,000.
If Bitcoin falls toward these levels, he believes the market will offer much better long term opportunities.
“Before Bitcoin becomes cheap enough in your own analysis, you should not be buying Solana, and you should not be buying any other altcoin.”
He even says, “If Bitcoin gets to $53K, I am all in that because that’s extremely cheap in my analysis.”
Also Read : Can Solana Flip XRP? Detail Analysis
Solana Has To Beat Bitcoin To Be A Worthy BuyVirtualBacon says that buying Solana only makes sense if it can outperform Bitcoin. Otherwise, investors are simply taking extra risk without earning better returns.
To find out Solana’s risk-reward, investors must look at the SOL/BTC chart. During the last market drop in September 2025, Bitcoin fell 54% from its peak, while Solana dropped 76%.
This means Solana typically falls about 1.4 times more than Bitcoin. Based on this, if Bitcoin drops to around $53,500, Solana could fall to around $65 from its current price level.
He says that level would make Solana reasonably priced, which has the potential to outperform Bitcoin any day.
Why $80 Is Not a Buy? “Too Expensive”Despite Solana’s recent recovery to above $82, VirtualBacon says $80 is not a good price to buy Solana because it has less room for profit.
“Solana at $80 is not a buy, Too Expensive.”
As per his analysis, Solana will reach around $290 in the next bull market. But buying at $82 offers only about a 3.5x return, while buying near $60 could give around a 4.7x return.
He says the buying price matters much more for altcoins like Solana than for Bitcoin.
That’s why he believes investors should wait for Solana to fall below $60, where it would offer a better chance to beat Bitcoin.
VirtualBacon’s Buying PlanRather than chasing the current recovery, VirtualBacon says patience is the better strategy.
“Wait for Bitcoin to go to 53K, make a new low, and then wait for Solana to drop the 1.4x multiple on top of that, and then buy.”
In the end, even warned investors not to expect the massive gains just like we saw in previous cycles, adding, “I don’t think there is a 10x to be had on Solana anymore.”
Story Ends Here
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Solana recently posted a strong rebound, but analysts caution that this price surge has not yet signaled a lasting trend reversal. According to market experts, Solana must convert key resistance areas into support to sustain its recovery. Failure to do so could result in a return to sideways trading or spark a deeper retracement in price.
Critical support zone in the broader timeframeA market analyst known as Minga suggests that, on a larger timeframe, Solana is still undergoing a corrective phase. After completing its previous upward swing, the price broke down from a broader distribution pattern, currently moving through what analysts term the “C” stage of the correction.
Minga continues to monitor the $58.80 to $40.60 range as a potential spot-buy zone and possible macro bottom for Solana. This area, which has not yet been thoroughly tested, stands out as a region with notable market imbalance. Of particular significance is the $40.60 mark, as it lies close to the lower edge of a key accumulation box.
Minga notes that maintaining the $58.80 to $40.60 region as an accumulation area could support the formation of a macro bottom for Solana over the longer term.
A strong rebound from this range would lend weight to the view that the broader correction phase is nearing its end. However, if Solana fails to hold above $58.80 to $40.60, a deep correction scenario toward the $21.63 level remains in play. Minga identifies this price as the next key support where significant downward pressure could emerge.
Short-term resistance test takes center stageOn the daily chart, chartist Jesse Olson emphasizes that Solana has staged a sharp rally from its June lows, managing to break above its descending trendline. The price climbed into the upper region, reaching the green target box outlined in Olson’s analysis. He points out that all four of his upside price targets have now been hit.
Jesse Olson underscores that with all upward price objectives achieved, the key challenge ahead will be whether Solana’s price can turn this target zone from resistance into support.
This target area is pivotal: failed breakouts at resistance can often mark the end of short-term uptrends. If sellers regain control and the price is rejected from here, Solana could test lower support levels once again.
Analysts observe that, despite the recent rally, Solana’s momentum on higher timeframes remains relatively weak. As a result, this move is not yet viewed as the start of a new primary trend. Should the resistance area hold as support, the outlook may brighten. Conversely, losing this level would reintroduce downside risks and keep the outlook choppy and uncertain.
Key levelSignificance$58.80 to $40.60Potential accumulation and macro bottom zone$40.60Critical level near the lower edge of the accumulation box$21.63Key area for a deeper pullback scenarioIn the near term, the central question for the market is whether buyers can defend the current target zone. Holding this area as support could keep the rally alive. If Solana loses this level, however, a weaker technical outlook comes back into focus.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
SUI has turned heads on the market once again as it approaches a long-term technical support level. Analysts say maintaining this support, especially amid ongoing selling pressure, could set the stage for a robust recovery in the coming months.
Price and Trading DataAccording to TradingView, SUI is priced at $0.7528. The token rose 1.29% in the past 24 hours, with trading volumes reaching $379.49 million and a market capitalization of $3.05 billion. This represents roughly 0.14% of the total cryptocurrency market.
SUI operates as a Layer 1 token on its native blockchain. As such, any significant price rebound in SUI is watched not only as an isolated move but also as a signal that could point to broader trends across the altcoin market.
Key Technical Outlook from AnalystsCrypto analyst Crypto Patel shared his assessment on X, noting that SUI is currently testing a critical trendline support on its high time frame chart. According to Patel, should this support hold, SUI could enter a strong reversal period in the months ahead, with potential gains exceeding 200%.
Crypto Patel emphasizes that SUI is sitting on a major high time frame support line and believes holding this level could trigger a major directional shift for the price in the near future.
The current market structure, according to Patel’s analysis, is mixed yet not entirely weak. SUI has formed a higher low compared to its October 2025 bottom but is now trading at a lower low relative to its February 6, 2026 level. This suggests the market may be searching for equilibrium ahead of a new bullish wave.
Mini glossary: HTF stands for “high time frame” in English, referring to longer-term periods such as daily, weekly, or monthly charts. In technical analysis, these intervals are often seen as more reliable indicators of the main trend compared to short-term fluctuations.
Key Levels and TargetsThe shared trading plan identifies the entry zone for SUI between $0.65 and $0.74. By contrast, a weekly close below $0.64 is flagged as the principal risk that would invalidate any bullish outlook.
Patel’s upside targets are listed at $0.86, $0.98, $1.18, $1.34, $1.50, $1.73, $2.02, $2.34, $2.55, and $2.86, respectively.
IndicatorLevelEntry zone$0.65-$0.74Invalidation levelWeekly close below $0.64First target$0.86Final target$2.86The analysis explores the use of 8x leverage, pointing out that while returns could be amplified in such a scenario, these trades remain extremely sensitive to market conditions and carry a high degree of risk.
Connection with Broader Market TrendsThe current technical setup for SUI mirrors patterns seen recently in Bitcoin, Solana, and several major altcoins, according to market observers. Technical analysts are closely monitoring these assets as they may offer early indicators for a broader market rebound.
Should buying interest in the crypto sector revive further, SUI is seen as a candidate for a parallel recovery alongside other Layer 1 networks. Still, the provided levels and targets are presented as probabilities, not certainties, and depend heavily on evolving market conditions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana's RWA ecosystem has reached another major milestone after climbing to a new all-time high of $3.62 billion in total value.
The network added more than $540 million in RWA value over the past 7 days alone, extending a growth trend that has accelerated throughout 2026. At the start of the year, Solana's RWA ecosystem stood at approximately $1.4 billion. In just 6 months, the network has added more than $2 billion in tokenized assets.
The latest milestone places Solana behind only Ethereum, which holds approximately $15.9 billion in RWAs, and BNB Chain, at roughly $3.9 billion.
Growth Continues Across Over the past 30 days, Solana's RWA market has grown by more than 33%, but the expansion extends well beyond asset value. The ecosystem now hosts 2,119 distinct RWAs and 292,818 RWA holders, reflecting continued growth in both the number of available products and user participation.
Tokenized financial products continue to attract new users, while existing issuers expand their offerings on the network.
Solana Leads 30D Capital Flows According to RWA.xyz data, Solana recorded approximately $967 million in net inflows over the past 30 days, the highest among all blockchain networks by a wide margin.
Ethereum moved in the opposite direction, recording approximately $202 million in net outflows during the same period.
The flow data indicates that new capital has increasingly favored Solana as institutions and issuers expand their onchain products.
Spiko Brings Native Tokenized Fund to Solana Part of that momentum comes from the continued arrival of institutional issuers. On July 2, Spiko officially launched on Solana, becoming the first European issuer to deploy natively on the network.
Spiko is one of the world's largest real-world asset issuers and one of the fastest-growing tokenized fund platforms in history. Its flagship product, the Spiko Amundi Overnight Swap Fund (SAFO), is managed by Amundi, Europe's largest asset manager with €2.4 trillion in assets under management.
Investors can mint, transfer, and redeem fund shares directly onchain, with subscriptions and redemptions settled in Circle's stablecoins.
SAFO is a UCITS-compliant money market fund that offers overnight liquidity while targeting yields above risk-free benchmarks. The launch expands the availability of institutional-grade investment products on Solana and demonstrates growing confidence in blockchain-based financial infrastructure.
With more than $2 billion added in just 6 months, record capital inflows, and increasing participation from major financial institutions, Solana continues to establish itself as one of the leading blockchain networks for real-world asset tokenization. The latest all-time high of $3.62 billion highlights the pace at which traditional finance and blockchain infrastructure continue to converge.
Read More on SolanaFloor Crypto Projects Pivot From Tokens to Equity as KAST and Claynosaurz Challenge the Traditional Playbook
Solana Breaks Records Across Trading, Revenue, and Transactions in Q2 2026
Solana’s tokenized assets and memecoin revival drove SOL to a 30-day high at $83.Bullish leveraged appetite cooled sharply, suggesting traders are hesitant to bet on further gains to $90.Solana’s SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. SOL’s rally gained steam from a surge in tokenized trading volume on Solana, inflows of stablecoin liquidity, and an unexpected comeback in memecoin activity. Can SOL reclaim the $90 level?
Total altcoin market capitalization, USD (left) vs. SOL/USD (right). Source: TradingView
SOL’s bullish momentum ignited on June 23, coinciding with cumulative tokenized stock transfers on Solana surpassing $10 billion. The launch of SpaceX shares trading by Backpack propelled Solana’s decentralized finance (DeFi) utilization. In contrast, the broader altcoin market extended its downtrend, hitting the lowest level since December 2023.
30-day tokenized assets net flows ex-stablecoins, USD. Source: RWA.xyz
Tokenized assets on the Solana network surged to a record-high $3.5 billion on Wednesday, up from $2.7 billion one month prior. The recent boost came from corporate credit tokens and stock market indexes, such as the S&P 500 and the Nasdaq-100. According to RWA.xyz data, Solana leads with 294,274 active addresses in the tokenized industry, followed by Ethereum with 204,955.
Memecoins, prediction markets surge may push SOL toward $90The airdrop of The Black Bull (ANSEM) memecoin on Sunday re-ignited interest in the sector. The token, launched on Pump.fun, reached a $60 million market capitalization on Tuesday. The anonymous developer directed some 65% of the supply to the crypto influencer Ansem’s public wallet. The distribution lacked transparency, but involved 74,000 addresses over the initial 3 days.
Top 7-day performances of Solana tokens. Source: CoinRanking
Multiple memecoins on Solana surged on the back of the memecoin airdrop, but the biggest winner was the Pump.fun platform token (PUMP). The 27% weekly gains were enough to send PUMP back into the top-100 crypto rankings, with a $630 million market capitalization. ANSEM memecoin extended its gains on Friday, reaching an all-time high market capitalization of $112 million.
The launch of World prediction markets integrated on Phantom wallet has created expectations for increased Solana activity. The project gathered nearly $890,000 in total value locked in two days and aims to compete with the extremely successful Polymarket amid the World Cup betting frenzy. Jupiter has also unveiled its prediction markets under beta test on June 29.
SOL perpetual futures annualized funding rate. Source: Laevitas
The appetite for bullish leveraged positions has vastly declined since Wednesday, when SOL’s price crossed above $75 for the first time in 30 days. SOL futures annualized funding rate dropped to 3% on Friday from an 11% peak two days prior. Under neutral conditions, the indicator should range from 6% to 12% to offset the capital cost.
Investors are not comfortable betting on a SOL rally to $90 merely on the back of a temporary memecoin demand surge. Unless there is sustainable demand for blockchain activity, there are no apparent drivers for SOL to further widen its performance gap relative to the remaining altcoins.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Solana’s real-world asset sector just crossed $3.62 billion in total value. That’s more than double where it started the year, when the figure sat around $1.4 billion in January 2026.
To put the speed of that growth in perspective: the entire Solana RWA market was under $500 million in mid-2025. It took roughly a year to multiply sevenfold.
The numbers behind the surge In just the past 30 days, Solana recorded nearly $967 million in net inflows to its RWA market. That was the highest figure among all tracked blockchain networks during the same window.
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The week ending around July 3 alone accounted for more than $540 million of that total.
For comparison, Ethereum saw roughly $202 million in outflows over the same 30-day period.
Solana’s RWA ecosystem now includes 2,119 distinct tokenized assets and 292,818 holders.
Europe’s largest asset manager enters the picture On July 2, Spiko launched its SAFO tokenized fund on Solana. The fund is managed by Amundi, which happens to be the largest asset manager in Europe.
That makes Spiko the first native European issuer operating directly on the Solana blockchain. The fund allows onchain minting and redemption through Circle stablecoins.
How Solana stacks up in the RWA race Even with $3.62 billion in tokenized assets, Solana still trails the top two chains by a meaningful margin. Ethereum holds roughly $15.9 billion in RWA value. BNB Chain sits at approximately $3.9 billion.
Solana’s RWA market grew 43% quarter-over-quarter in Q1 2026, reaching $2.01 billion by the end of March. It then climbed past $2.8 billion by May before hitting the current $3.62 billion mark in early July.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana signaled growing bullish momentum as it broke through a key resistance level, highlighting renewed investor appetite. Recent data on network growth reinforces this positive outlook, especially with the rapid expansion observed in tokenized real world assets. This development has further strengthened Solana’s position in decentralized finance and on-chain asset issuance.
Technical breakout signals buyer strengthAt the time of reporting, SOL was trading at $81.48. In the last 24 hours, trading volume reached $3.02 billion while total market capitalization stood at $47.34 billion. Although the short-term price movement remains largely sideways, both chart structure and on-chain metrics suggest expectations for a potential change in direction remain active in the market.
Crypto analyst Alpha Crypto Signal noted that the daily chart shows an ascending triangle breakout for SOL. This chart pattern, in which price forms higher lows while testing horizontal resistance, often indicates growing buying pressure once the resistance is breached.
Glossary: An ascending triangle is a technical formation where price creates higher lows while repeatedly testing a flat resistance. When this resistance is broken to the upside, it is commonly seen as a sign of increased buying momentum.
According to Alpha Crypto Signal, SOL has broken above an ascending triangle on the daily chart, indicating that buying momentum is strengthening.
Following the breakout, SOL pushed above its major moving averages, further supporting the bullish technical outlook. This shift is being interpreted as a sign that market structure is turning more favorable for buyers. Market participants are now watching closely to see whether the breakout zone will be retested.
If the price holds above the former resistance level, analysts see the $98 to $100 range as the next technical target. Conversely, slipping back below this region could trigger a short-lived pullback in SOL’s price.
Real world asset ecosystem sets new recordData from Solana Floor reveals that the value of Solana-based real world assets ecosystem surged by $540 million over the past week. This brought the total size of the tokenized assets market to an all-time high of $3.62 billion. Solana Floor is known as a leading data and content platform focused on the Solana ecosystem.
The $540 million growth in the past seven days propelled Solana’s tokenized real world assets market to a new peak of $3.62 billion.
IndicatorValueSOL price $81.4824-hour volume $3.02 billionMarket capitalization $47.34 billionRWA ecosystem weekly increase $540 millionTokenized asset market $3.62 billionTechnical target $98 to $100This uptick highlights continuing institutional interest in blockchain-based financial products. Solana’s rapid transaction speed and relatively low costs have helped the network stand out for bringing both physical and traditional financial assets on-chain.
While overall market sentiment has become more constructive following the upward momentum in Bitcoin, SOL has yet to post a definitive breakout rally. Still, as long as the technical breakout is maintained and institutional engagement with the network continues, attention will remain fixed on whether the price can reach the $98 to $100 range in the coming period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP has spent the last several weeks fighting to stabilize after a painful breakdown below its multi-month trading range. Recent events indicate that expectations for a move toward $1.50 are not wholly unrealistic, even though the asset is still stuck in a larger bearish structure. The resumption of trading activity is one of the most promising indicators.
XRP's volume recently increased by over 20%, suggesting that market players are once again paying attention. Though significant rallies seldom occur without it, rising volume by itself does not ensure a breakout. When traders start positioning for a bigger move, there is often an increase in participation.
XRP/USDT Chart by TradingViewFrom a technical standpoint, XRP is beginning to improve. The asset has recovered its short-term moving average and is moving toward the $1.12 resistance zone after finding support close to the psychologically significant $1 level. Additionally, the RSI has recovered from oversold conditions and is steadily rising, indicating strengthening momentum.
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The cluster of resistance levels between $1.12 and $1.29 continues to be the bulls' immediate obstacle. The 50-day and 100-day moving averages, which have served as dynamic resistance during the current decline, are located in this region. The technical outlook for XRP would be greatly improved by a successful breakout above these levels. If buyers are able to recover $1.29, the route to $1.50 becomes much more feasible.
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The long-term 200-day moving average, which is presently above the market and serves as one of the most significant resistance levels on the chart, is located in the $1.50 area. The seeming exhaustion of selling pressure is another element bolstering the bullish case. XRP has already completed a major breakdown and subsequent capitulation phase, meaning many weak hands have likely exited the market. The fact that the price has recently stabilized above $1 indicates that demand is starting to absorb the remaining supply.
Shiba Inu trying to stabilizeAfter one of its most trying periods this year, Shiba Inu is making an effort to stabilize, but returning to $0.000005 will still be difficult. Although the meme coin has somewhat recovered from recent lows, price action is still being influenced by a larger bearish structure. After bouncing from the $0.0000041–$0.0000042 support zone, SHIB has shown signs of life and is currently trading around $0.00000436.
SHIB/USDT Chart by TradingViewFollowing weeks of unrelenting pressure, sellers may be losing some momentum as the RSI rises from oversold territory, which coincides with the recovery. Whether that rebound is strong enough to push SHIB back above the psychologically significant $0.000005 level is the crucial question. The short-term moving average is currently at $0.00000459, which is technically the first barrier.
SHIB has struggled to maintain momentum above this level during previous recovery attempts. If bulls manage to clear it, the next major target becomes the 100-day moving average near $0.0000050. Because it serves as both a technical resistance zone and a psychological threshold, that level is especially significant. Reclaiming it would signal that buyers are finally regaining some control after months of decline.
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All three indicators are still in a bearish alignment, and SHIB is still trading below its 50-, 100-, and 200-day moving averages. The longer-term resistance around $0.00000544 and $0.00000649 remains far above current prices, showing just how much ground bulls still need to recover.
Volume has also failed to show the kind of explosive accumulation that typically accompanies major trend reversals. While recent sessions have seen increased activity, the market has not yet produced a convincing breakout signal.
Solana approaches recovery thresholdOne of Solana's most significant technical moments in recent weeks is quickly approaching. The asset is currently testing a significant resistance cluster that may indicate whether a more significant recovery is about to begin after being stuck in a protracted downtrend for months. SOL has made a remarkable comeback from the June lows near $65, and it is currently trading around the $81 level.
More significantly, the asset has returned above its short-term and medium-term moving averages as a result of the recovery, something that has not happened for the majority of the recent correction. The most significant battleground now sits directly ahead. Solana is testing the area around $82-$85, where the 100-day moving average and previous support levels converge. This zone acted as a floor for months before the market breakdown earlier this year.
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As often happens in technical analysis, former support has now become resistance. What makes the current setup particularly interesting is the improvement in momentum. The RSI has climbed toward 65, showing strong buying interest without yet entering extreme overbought territory. This leaves room for additional upside if buyers can maintain control. Volume has also expanded during the recovery phase.
Unlike many recent rallies that occurred on declining participation, Solana's move higher has attracted increasing market activity. That is generally considered a healthier signal and suggests that investors are becoming more confident in the asset's recovery prospects.
That area coincides with the descending 200-day moving average, which remains the most important long-term resistance on the chart. The broader market environment is also becoming more supportive.
Bitcoin and Ethereum have stabilized, reducing pressure on major altcoins and allowing assets such as Solana to focus on their own technical recoveries rather than reacting exclusively to market-wide selling.
But traders should not declare victory too soon. For now, Solana is showing one of the strongest recovery structures among major cryptocurrencies. The chart suggests a breakthrough is within reach, but bulls still need to prove they can convert resistance into support before a larger rally can truly begin. Rejection at current levels could send SOL back toward support around $75, where the 50-day moving average is currently positioned.
Solana just posted its busiest stretch ever. The network’s usage metrics are touching all-time highs across nearly every meaningful category, and the timing coincides with SOL finally punching through the $80 price level in early July.
SOL is still trading roughly 72% below its January 2025 peak of around $294. So the network is doing more work than it ever has, while its token trades at a fraction of its former glory.
The numbers behind the noise Daily active addresses retested yearly highs near 7 million as of mid-2026. Transaction throughput hit a 7-day average of approximately 1,100 transactions per second, approaching all-time highs for the network.
June 2026 alone saw a record 3.77 billion transactions processed. The first quarter of the year had already clocked over 10 billion total transactions.
April 2026 marked an all-time high of 167 million monthly SPL token-holder addresses.
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SOL’s price crossed the $80 mark around July 1-2, trading in the $80-82 range. The network’s market cap sat in the $47-48 billion neighborhood.
What’s driving the surge Solana’s high throughput and low fees have made it increasingly attractive for decentralized finance applications. The kind of trading activity that would cost hundreds of dollars in fees on Ethereum can run for pennies on Solana.
The total value of real-world assets on the network surpassed $2.5 billion by the end of April 2026. That includes tokenized treasuries, private credit instruments, and other financial products that institutional players are beginning to move on-chain.
The gap between usage and price SOL’s $294 peak in January 2025 was inflated by the same speculative mania that lifted most crypto assets during that cycle.
Market analysts flagged the $80 level as a pivotal technical threshold for SOL. Successfully clearing it could shift sentiment and attract new capital from traders who use price levels as entry signals.
The $2.5 billion in tokenized real-world assets is particularly notable. RWAs represent the intersection of crypto and traditional finance that large institutions actually understand.
What investors should watch The sustainability of the 7 million daily active address figure deserves scrutiny. Crypto networks are notoriously susceptible to bot activity and wash trading that inflate on-chain metrics.
Solana’s low fee structure means the network needs massive throughput just to generate meaningful revenue for validators and stakers.
The 167 million SPL token-holder addresses represent a significant network effect. In crypto, distribution advantages tend to compound over time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has reached an unprecedented level of usage, with its native token SOL climbing past the $80 mark, according to data from @SolanaFloor. This milestone highlights the network’s growing adoption and increased on-chain activity, as Solana recorded a record 3.77 billion non-vote transactions in June 2026. The recent surge in price and usage appears consistent with a supportive environment for further gains, although SOL remains well below its all-time high of $293. Market participants are closely watching to see if this momentum will continue, potentially driving the token’s price toward $90 in July.
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Key Takeaways Solana’s usage has hit an all-time high, with significant on-chain activity and the SOL price surpassing $80. Market behavior suggests a supportive environment for a potential price increase toward $90, with current odds at 62% YES. SOL remains significantly below its all-time high, which may influence market sentiment and future price movements. What to Watch Market participants will be monitoring developments such as the successful deployment of the Alpenglow upgrade, ETF inflows, and regulatory actions that could impact Solana’s price trajectory. A break above $95 with strong volume could indicate further upward momentum, while failure to maintain the $80 level might suggest a reversal. Key actors like Solana Labs’ Anatoly Yakovenko and regulatory bodies will play pivotal roles in determining the network’s future direction.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 62.5% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.3% — — View market → August 1 2026 5.5% — — View market → August 1 2026 4% — — View market → August 1 2026 1.1% — — View market → August 1 2026 29.5% — — View market →
As technical signals take the spotlight once more in the cryptocurrency market, XRP, Shiba Inu, and Solana have emerged as the most closely-watched assets in recent days for their attempts at recovery. While all three tokens are showing early signs of improvement on short-term indicators, analysts caution that a sustained upward trend will require a decisive break above their key resistance zones.
XRP approaches the critical $1.12–$1.29 resistance regionXRP, which recently dropped below its multi-month trading range, has spent the past few weeks seeking stability. An increase in trading volume by more than 20% reveals that market participants are once again showing interest. While this uptick in volume alone does not signal a breakout, it does suggest that investors may be positioning ahead of a larger move.
On the technical front, XRP found support near the psychologically significant $1 level before climbing back above its short-term moving average to approach resistance at $1.12. The relative strength index (RSI) also rebounded from oversold territory and is now trending higher.
The immediate test for XRP, according to technical analysis, lies in whether it can overcome the dense resistance cluster between $1.12 and $1.29. Should buyers reclaim $1.29, the path to a $1.50 target may become much more attainable.
This resistance region also encompasses the 50-day and 100-day moving averages, both of which acted as dynamic resistance during the recent downtrend. A breakout above these levels could sharply strengthen the broader technical outlook. Further up, the 200-day moving average, located around $1.50, remains a key long-term barrier for XRP bulls.
Shiba Inu sees a bounce but faces steep hurdlesAfter enduring one of the toughest periods of the year, Shiba Inu is now attempting to stabilize. The meme token rebounded from key support between $0.0000041 and $0.0000042, and was recently changing hands around $0.00000436. Despite this recovery, the broader technical structure continues to skew to the downside.
The RSI’s climb out of oversold territory hints at declining selling pressure. However, the first technical barrier sits at $0.00000459, a level where SHIB has failed to hold during previous attempts at recovery.
If buyers can clear this hurdle, the next target would be the 100-day moving average near $0.0000050, a level carrying both technical and psychological significance. For now, though, SHIB continues to trade below its 50, 100, and 200-day averages, with no clear signs of sustained accumulation or reversal in trading volume to confirm a strong trend reversal.
Solana’s rebound hinges on the $82–$85 rangeFollowing a prolonged decline over recent months, Solana is now facing one of its most significant technical tests. SOL rebounded from its June lows around $65 and surged toward $81, climbing above both short- and medium-term moving averages as momentum picked up.
The main battle for Solana currently centers around the $82 to $85 zone, where the 100-day moving average aligns with previously established support levels—now acting as resistance. This behavior, where prior support becomes new resistance, is a common theme in technical analysis.
Momentum indicators continue to favor Solana. The RSI rising toward 65 is a sign of robust buying interest, though still below overbought levels. Increased trading volume has also supported the recent gains. Meanwhile, relative stability in Bitcoin and Ethereum is helping ease overall selling pressure on major altcoins.
Nevertheless, the downward-sloping 200-day moving average remains the dominant resistance over the longer term. Should SOL face rejection at current levels, price action could return to the 50-day moving average near the $75 support region.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Securitize, an SEC-registered firm backed by BlackRock, has made headlines by becoming the first publicly traded company to tokenize its stock on the Solana blockchain at its initial public offering. The company tokenized $295 million of its own NYSE-listed stock, marking a significant milestone in the convergence of traditional equity markets with blockchain technology. This move is part of a broader trend, as Solana’s real-world asset ecosystem has surged in growth, now settling $644 million in equity volume and attracting major players like Franklin Templeton and Fidelity.
Market participants appear to view this development as consistent with increased demand for Solana’s native token, SOL, which is currently priced around $82. The tokenization represents a boost to Solana’s credibility and utility, potentially driving the price towards the $90 mark. The market for Solana price predictions in July reflects this sentiment, with the likelihood of reaching $90 currently priced at 62.5% YES.
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This development may also indicate a shift in the financial sector’s adoption of blockchain technology, as more traditional institutions explore the possibilities offered by decentralized platforms. The presence of major financial entities in Solana’s ecosystem further underscores this transition.
Key Takeaways Securitize’s tokenization of $295 million in NYSE-listed stock on Solana appears to enhance Solana’s credibility in financial markets. Market pricing suggests participants are increasingly supportive of SOL reaching $90 in July, with current odds at 62.5% YES. The involvement of major financial players like Franklin Templeton and Fidelity indicates a growing institutional interest in Solana’s blockchain infrastructure. What to Watch Observers will be keen to see if Solana’s ecosystem continues to attract institutional interest, potentially driving further price increases. Key developments to monitor include any technical advancements within Solana, changes in regulatory landscapes, and shifts in market sentiment towards blockchain adoption. Additionally, any significant changes in SOL’s volume or price support levels could provide further indications of market direction.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 62.5% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.3% — — View market → August 1 2026 5.5% — — View market → August 1 2026 4% — — View market → August 1 2026 1.1% — — View market → August 1 2026 29% — — View market →
Solana is currently trading around $80 after breaking above a rising triangle formation on its daily chart. This latest move positions the 73 to 76 dollar range—previously a tough barrier—as a new support level, signaling a key shift in Solana’s short-term momentum. Market participants are closely watching to see if buyers can consolidate gains above this band, which could lay the groundwork for further advances.
73 to 76 dollar range marks a critical support levelThroughout June, the 73 to 76 dollar zone repeatedly prevented upward moves, acting as firm resistance. However, with the recent breakout, this area has flipped into an important support. Analysts note this change as a significant turning point for market sentiment. In addition, Solana’s price is sustaining above both its 9-day exponential moving average (EMA) and its 50-day simple moving average (SMA), reinforcing bullish technical indicators.
Alpha Crypto Signal notes that as long as Solana’s price stays above this former resistance region, its bullish structure at higher time frames remains intact.
Expert opinions emphasize that any pullback to the 73 to 76 dollar range will serve as a key test of the breakout’s strength. If this zone continues to act as support, the case for upward movement grows stronger, increasing the likelihood of continued gains.
On the other hand, if Solana’s price slips back below the 73 to 76 dollar support, concerns could emerge about the sustainability of the recent breakout. In such a scenario, analysts warn that the token could revert to trading sideways, undermining the current bullish outlook.
81 to 84 dollar band emerges as the next resistanceShort-term market attention now centers on the 81 to 84 dollar resistance band. Following a sharp rebound from June lows, Solana has begun testing this important zone, which is widely regarded as a critical barrier where sellers could regain control.
Always Win predicts that a rejection from the 81 to 84 dollar range could trigger a larger move down for Solana before any new major rally resumes.
In this scenario, the chart’s main downside target is $49, a level that aligns with deeper support zones. Analysts say a decisive rejection from the 81 to 84 dollar resistance would likely put this lower price into play.
However, the bearish outlook hinges on whether Solana fails to break and settle above the 81 to 84 dollar range. A strong and sustained close above $84 could weaken short sellers’ confidence and reset the narrative in favor of the ongoing rally.
Solana’s high-speed infrastructure continues to drive its popularity among decentralized finance and token projects. Both bulls and bears are now focused on whether the $73 to $76 support will hold, and if the $81 to $84 resistance can be decisively overtaken, as these levels will likely dictate the next direction for the token.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A whale increased its long exposure to Bitcoin and Solana on Thursday, the 2nd of July. The whale put over $70M on the line.
Additionally, the trader opened a 10X short position on Hyperliquid [HYPE], bringing the total bet to over $78M.
Initially, the bet seems to be playing out well, with an unrealized profit of about $9.2M.
Source: Hyperbot The positive unrealized PNL (profit and loss) followed a relief rally following the weaker US Jobs report data. In most cases, weaker Jobs report data suggest that the Fed would reconsider its previous leaning toward rate hikes to boost the labor market.
Subsequently, any Fed rate cut expectations tend to boost risk-on sentiment, fueling a relief rally across crypto and equity markets. In fact, the stock market posted mixed results.
As of writing, Google Finance showed that S&P and Nasdaq Futures were green, suggesting the recovery could climb higher.
Still, the Fed rate expectations didn’t change much after the weak Jobs report. According to the FedWatch tool, odds of another interest rate hike dropped from 28% to 17%, nearly a 2x dip.
In fact, this eased rate hike fears, likely fueling the mid-week relief recovery as BTC climbed towards $62K. But eased fears didn’t mean an automatic rate cut.
Source: FedWatch Tool Interest traders were placing an 83% chance that the Fed would keep the interest rate unchanged at the current 3.50%-3.75% ahead of the end-of-July meeting. After the July 4th weekend, FOMC Minutes will be released next Wednesday, July 8th.
The low-liquidity weekend and the upcoming FOMC Minutes could still trigger market volatility.
In fact, as of writing, the whale was already down $1.2M, largely weighed down by the HYPE short position, which was down 70%. A hawkish Fed rate pause could likely expose the whale to more losses.
Source: Nansen In the meantime, smart money investors were doubling down on Solana [SOL] at the current $81 level. This cohort increased bidding by 129% in the past 24 hours.
What’s next for Bitcoin, Solana? However, for Bitcoin, short positions were piling up as the king coin attempted to reclaim $62K. There was over $2B in short positions, commanding a 57% dominance as of the time of writing.
Source: CoinAnk This meant Bitcoin [BTC] traders were increasingly bearish after the relief bounce towards $62K. It also creates the best conditions for a short squeeze. But that depends on how the market will react to the FOMC Minutes.
Still, the $62.3K and $65K overhead hurdles must be cleared for a sustained recovery.
Source: BTC/USDT, TradingView Final Summary A whale increased long exposure to Bitcoin and Solana to over $70M after a weak US jobs report While the Fed rate hike fears eased, a hawkish interest rate pause could renew the market sell-off
Solana now beats Ethereum on trading volume, active users, and fee revenue. Ethereum still holds the money. Halfway through 2026, the question is no longer who is faster. It is whether the two chains are even running the same race.
Summary
Solana has overtaken Ethereum in Layer 1 activity with higher transaction volume, more active users, stronger DEX trading, and greater fee revenue. Ethereum continues to dominate in total value locked, stablecoin liquidity, institutional adoption, and developer activity despite losing ground in onchain usage. The rivalry has shifted from a direct competition into two distinct models, with Ethereum focused on settlement and custody while Solana leads in trading and execution. There was a time when the Ethereum versus Solana debate could be settled with a smirk and an outage screenshot. Solana was the chain that went down. Ethereum was the chain that mattered. Then Solana stopped going down, its trading volume flipped Ethereum’s, its ETF launched to institutional inflows while Ethereum funds bled for seventeen straight days, and the smirk changed sides.
Halfway through 2026, both tokens are deep in a bear market. ETH trades near $1,714 after a brutal second quarter that included a 29.5% thirty-day drawdown at the June lows, its worst quarterly stretch in years. SOL trades near $81, down roughly 78% from its cycle high, hit even harder in raw percentage terms. Price settles nothing here. The interesting story is underneath, in the on-chain data, where the two networks have diverged so completely that comparing them now requires deciding which metrics count.
So: is Ethereum losing the L1 race to Solana? The honest answer is that Solana has already won several of the events, Ethereum still owns the ones with the most prize money, and the race itself has split into two different sports.
How we got here: a short history of a long feud The rivalry has run through three distinct acts, and the current one makes no sense without the first two.
Act one, 2021 through 2022, was Solana as the venture-backed challenger: a chain built for speed, championed by Sam Bankman-Fried, and dismissed by Ethereum partisans as a centralized science project. The dismissal briefly looked like prophecy. Solana suffered repeated full-network outages, including the infamous February 2024 halt that lasted nearly five hours after a legacy loader bug forced a coordinated validator restart, and when FTX collapsed in November 2022, SOL crashed toward single digits as the market priced in guilt by association. Obituaries were published. Several were smug.
Act two, 2023 through 2024, was the resurrection nobody ordered. Solana’s developer community kept shipping through the winter, the Jupiter and Jito ecosystems matured, memecoin mania found its natural home on the only chain where a thousand trades cost less than a sandwich, and DEX volume began the climb that ended with the flip of Ethereum in late 2024. Ethereum spent the same period executing its own plan flawlessly and discovering the plan had a hole in it: the Dencun upgrade in March 2024 introduced blob space and cut L2 costs by an order of magnitude, which supercharged rollup adoption while gutting the fee burn that had underwritten the ultrasound money narrative. Activity exploded across the Ethereum stack, and ETH the asset captured almost none of it.
Act three is now: both chains institutionally legitimate, both tokens deep underwater, and the argument relocated from architecture threads to fund flow tables. Uniswap founder Hayden Adams warned back in 2025 that Ethereum’s confused scaling identity could hand DeFi leadership to Solana; in 2026 that warning reads less like a hot take and more like a memo the market already acted on.
The scoreboard, metric by metric Start with what Solana has flatly won: activity.
On a representative day in late June, Solana processed 127 million transactions from more than 2 million active addresses. Ethereum mainnet processed 2.8 million transactions from roughly 512,000 active addresses. That is not a gap. That is a different order of magnitude. Solana sustains 600 to 700 real transactions per second on average against Ethereum L1’s 15 to 20, at a cost of roughly $0.00025 per transaction against Ethereum’s dollars-per-swap mainnet pricing.
Trading volume tells the same story. Solana’s weekly DEX volume hit $11.49 billion in April against Ethereum’s $7.62 billion, a 51% lead. In February the monthly gap was wider still: $117 billion on Solana against $52 billion on Ethereum, more than double. Jupiter, the aggregator that routes the overwhelming majority of Solana order flow across Raydium, Orca, Phoenix, and Meteora, alone processes $2 billion to $4 billion in daily volume. Solana flipped Ethereum on DEX volume in late 2024 and has held the lead through every market condition since.
Then comes the metric that should worry Ethereum researchers most: revenue.
Solana generates over $1 million in chain fees per day. The major Ethereum L2s, where most Ethereum user activity now lives, generate under $200,000 combined, because blob-based data posting after the Dencun upgrade pushed L2 costs, and therefore L2 fee revenue, toward zero. Ethereum deliberately commoditized its own execution layer to win the rollup war. The result is a settlement layer with shrinking direct income and a rival that monetizes every swap on a single unified ledger.
Now flip the card, because Ethereum’s wins are just as lopsided.
Total value locked Ethereum L1 holds roughly $55.6 billion in DeFi deposits, around 68% of the entire global DeFi market, and the combined L1 plus L2 figure exceeds $80 billion. Solana holds between $8 billion and $12 billion depending on the week and the methodology, a figure that took a $270 million hit in April when the Drift Protocol exploit tore through its perps ecosystem. The deepest protocols in the industry, Lido at $27.5 billion, Aave at $27 billion, EigenLayer at $13 billion, all live on Ethereum, and Aave V4 launched on Ethereum mainnet in April to reinforce the point.
Stablecoins Ethereum hosts roughly 70% of all on-chain stablecoin supply, around $32 billion in USDC and $60 billion in USDT, and remains the venue where BlackRock, Franklin Templeton, and JPMorgan build tokenized products first. Solana carries about $14 billion in stablecoins, though each of those dollars turns over roughly six times faster than its Ethereum counterpart.
Developers Ethereum counted 31,869 active developers against Solana’s 17,708 at the latest Electric Capital reading, and added more new developers over the trailing year than any other ecosystem. Solana ranked second.
One chain has the users, the volume, and the revenue. The other has the money, the institutions, and the builders. Losing, it turns out, depends entirely on where you point the camera.
How the race split in two The reason the comparison keeps producing contradictory answers is that the two chains stopped competing on the same terms years ago, a divergence we chronicled when the ecosystems first collided in early 2025.
Ethereum abandoned the monolithic race on purpose. Its roadmap treats the base layer as settlement infrastructure while execution migrates to rollups: Base, Arbitrum, Optimism, and a long tail of zk systems that post proofs and data back to mainnet. Base alone captures nearly half of all L2 DeFi value, Arbitrum another 31%, and the top three rollups process close to 90% of all L2 transactions. Measured as a stack, the Ethereum ecosystem still dwarfs Solana on almost every capital metric. Measured as an L1, Ethereum mainnet is a slow, expensive chain that its own designers no longer intend retail users to touch.
Solana made the opposite bet: one ledger, one global state, sub-second finality at 400 milliseconds, and a relentless engineering campaign to make the single chain fast enough that nothing else is needed. The Firedancer validator client built by Jump Crypto, rolling toward full deployment late this year, is the endgame of that bet, with a theoretical ceiling measured in the hundreds of thousands of transactions per second. The network reliability problem that defined Solana’s reputation in 2022 and 2023 has largely disappeared; outages went from routine to rare, and the chain has traded its crash-prone image for something closer to an execution monopoly on retail flow.
The philosophical split produces the statistical one. Capital sits and compounds on Ethereum because that is what the architecture rewards: deep pools, long-duration lending, staking layered on restaking. Capital churns on Solana because sub-cent fees make churning free: high-frequency trading, memecoin rotation, dollar-cost-average bots, payments. Ethereum became the deposit ledger. Solana became the trading floor.
Follow the fees: two broken business models, one working one The revenue gap deserves its own examination, because it is the metric where architecture decisions turn into economics, and where both chains have problems they rarely advertise.
Ethereum’s fee engine used to be the envy of the industry. EIP-1559 burned base fees, high demand made ETH deflationary, and the ultrasound money framing wrote itself. The rollup migration dismantled the machine step by step. Execution moved to L2s, whose sequencers keep the margin between what users pay and what blob posting costs, and Dencun made blob posting cost next to nothing. The result in 2026: mainnet burns a fraction of its former fee load, L2s pay Ethereum pennies for security worth billions, and the value accrual question, what does ETH earn when Base wins, has replaced scaling as the ecosystem’s defining unsolved problem. Ethereum built a settlement business and priced its product like a public good.
Solana’s engine is simpler and currently stronger: one chain captures every fee at every layer. The base fee is fixed at 5,000 lamports per signature, roughly a hundredth of a cent, while priority fees let users bid during congestion, and stake-weighted quality of service plus local fee markets keep hot accounts from clogging the scheduler. On top of the protocol fees sits the Jito MEV economy, where searcher tips flow to validators and stakers, turning order-flow chaos into staking yield. Over $1 million in daily chain revenue against sub-$200,000 for the entire major L2 basket is the visible output.
The caveat is concentration of source. A large share of Solana’s fee revenue traces to speculative trading, memecoins above all, which makes the revenue line high-beta to the exact market segment least likely to survive a deep winter. Ethereum’s fee problem is structural but its demand is diversified; Solana’s fee machine works beautifully and runs on the most flammable fuel in crypto. Neither model is finished.
Fusaka and the second-half Ethereum upgrade path aim at scaling data further without answering value capture, while Solana’s validator economics, where thin margins already pushed the validator count down 68% from its 2023 peak, depend on fee and MEV income holding up.
The other front: stablecoins, payments, and tokenized everything DEX volume gets the headlines, but the war’s second front may matter more by 2027, because it is the one institutions actually fund: who carries the tokenized economy.
Ethereum’s position is incumbency at scale. Roughly 70% of stablecoin supply, the deep USDC and USDT float that institutional desks require, and essentially the entire first generation of tokenized funds. When Ondo debuted its SEC-aligned tokenized stock model with BlackRock ETF shares this week, the underlying rails were Ethereum-ecosystem by default. Stablecoin legislation cleared the path for bank issuance and for the consortium models now emerging among major institutions, and banks build where the auditors already have coverage, which is one more network effect compounding for the incumbent.
Solana’s position is velocity and consumer reach. Its $14 billion stablecoin float turns over roughly six times faster than Ethereum’s, because sub-cent fees make stablecoins usable as money instead of just collateral. USDC settles on Solana in under a second for a fraction of a cent, which is why Visa chose it for settlement pilots, why payment processors keep adding it, and why the Solana Developer Platform launched with Mastercard, Worldpay, and Western Union rather than with hedge funds. Solana is also mounting a genuine RWA challenge through Token-2022, whose compliance extensions target exactly the issuer requirements Ethereum handles with bespoke contracts, and both chains now face a third competitor for the same institutional flow in the compliance-native stack being assembled on the XRP Ledger.
The stakes here dwarf the DEX war. Stablecoins are a $320 billion asset class growing through legislation, and tokenized funds are the institutional product with the steepest adoption curve. If Ethereum keeps the float while Solana takes the flow, the split-decision structure of this whole rivalry repeats at a much larger scale, with Ethereum as the vault and Solana as the checkout lane of tokenized finance.
The institutional tiebreaker For most of crypto history, the institutional column belonged to Ethereum without argument. That is the column where 2026 has produced genuine movement.
The regulatory sequence mattered first. The SEC’s March 2025 classification of sixteen digital assets including SOL as commodities dissolved the securities overhang that had kept allocators away, and spot Solana ETFs began trading on October 28, 2025, making SOL the third asset after BTC and ETH with U.S. spot fund access. The flows since then have been small next to Bitcoin’s but directionally embarrassing for Ethereum: through the spring drawdown, Solana ETFs crossed $1 billion in cumulative inflows while Ethereum funds posted a seventeen-day outflow streak that stripped hundreds of millions, and July has opened with ETF flow reports showing ETH and SOL products gaining together while Bitcoin funds bleed. Goldman Sachs disclosures showed over $100 million in SOL exposure, and CalPERS entered the asset class the same quarter.
Solana’s institutional push went beyond funds. The Solana Foundation launched its Developer Platform in March with Mastercard, Worldpay, and Western Union among early adopters, shipped a quantum-readiness plan built on the NIST-standardized Falcon signature scheme in April, and rolled out on-chain, stake-weighted validator governance this week. Token-2022 extensions gave the chain the compliance hooks, confidential transfers, transfer restrictions, interest-bearing instruments, that enterprise issuers require. The pitch that Solana is a casino chain unsuitable for serious money has aged badly.
Ethereum’s institutional position remains the stronger one on stock rather than flow. It custodies the tokenized funds, hosts the deep stablecoin float, and runs the staking infrastructure through which more than 35 million ETH, nearly 29% of supply, secures the network across a million-plus validators. When a treasury desk needs to move nine figures with minimal slippage, Ethereum’s depth is still the only game available. BitMine Immersion bought its way past 5 million ETH this spring precisely on that thesis. But stock is what you accumulated yesterday. Flow is what you are winning today, and the flow has been tilting one direction for over a year.
The uncomfortable items on both ledgers Neither chain gets to run its highlight reel without the blooper file.
Solana’s validator count has collapsed to roughly 795 active validators from more than 2,500 in 2023, a 68% decline that concentrates block production and hands critics a decentralization argument with real teeth. Its DeFi remains thin and concentrated: one aggregator with 95% market share is a single point of failure wearing a market structure costume, and the $270 million Drift exploit showed what happens when a load-bearing protocol breaks. Its volume mix still leans on memecoin speculation, the most cyclical demand source in the industry, and February’s $117 billion month can become a $40 billion month without a single thing going wrong technically.
Ethereum’s problems are quieter and arguably deeper. Lido alone controls roughly 24% of staked ETH, a concentration risk of its own. The rollup roadmap solved scaling and created a value-capture puzzle nobody has answered: if execution fees accrue to Base and Arbitrum while blobs cost pennies, what exactly does ETH the asset earn from Ethereum the ecosystem’s growth? Retail has already voted, migrating to L2s so completely that mainnet active addresses look like a ghost town next to Solana’s. And the fragmentation tax is real: liquidity split across a dozen rollups with seven-day optimistic exits is a worse user experience than one chain with 400-millisecond finality, no matter how elegant the settlement theory. The KelpDAO exploit this spring, which erased $13 billion of TVL in 48 hours of contagion, showed that composability depth cuts in both directions.
Both assets, meanwhile, have been terrible investments this year, a market-wide condition tied to the macro regime we examined in the context of Bitcoin’s liquidity dependence. Fee revenue and active addresses have not protected SOL holders from a 78% peak drawdown, and settlement supremacy has not protected ETH holders from underperforming Bitcoin for most of the cycle. Whatever race is being run, neither token’s chart looks like a victory lap, and on-chain fundamentals have been decoupled from price across the majors for much of 2026.
So who is actually winning? Frame the question three ways and you get three defensible answers.
If the L1 race means base-layer usage, Solana won it, and the margin is no longer close. Two hundred times Ethereum’s L1 throughput, forty times its transaction count, five times its daily fee revenue, and a lead in DEX volume that has survived every market regime since late 2024. By the definition of Layer 1 that existed when the rivalry started, the contest is over.
If the race means where value lives, Ethereum is not losing and may never lose within this cycle. A 68% share of global DeFi TVL, 70% of stablecoin supply, the institutional tokenization pipeline, and the largest developer base in the industry constitute a network-effect fortress that Solana’s growth has dented but nowhere near breached. Capital has inertia, and inertia compounds.
If the race means trajectory, the tape favors Solana with an asterisk. It is winning new users, new listed products, new enterprise integrations, and the ETF flow battle. The asterisk is that trajectory arguments assume the current regime persists, and Solana’s flow-heavy economy is more exposed than Ethereum’s stock-heavy one to the next collapse in speculative appetite. Ethereum’s Fusaka upgrade cycle and the second-half protocol roadmap that all major chains have queued for late 2026 could reshuffle the technical comparison again.
The most likely outcome is also the least satisfying for partisans: permanent coexistence with divided territory. Ethereum settles and custodies. Solana executes and trades. Builders already behave as if this is settled, deploying on both by default. The 2025 framing of an L1 war with a single survivor has quietly died, not with a bang but with two chains discovering they are optimized for markets the other cannot serve.
What could flip the board before December Split decisions invite the obvious follow-up: what would actually change the standings? Four live catalysts carry enough weight to move the argument rather than the noise.
Ethereum’s upgrade cycle is the first. The Fusaka window and the broader second-half protocol roadmap target another step-change in data capacity, and the ecosystem’s real prize sits next to it: any credible mechanism that routes L2 economic success back into ETH, whether through based sequencing, native rollup designs, or fee-market reform, would repair the value-capture hole that has haunted the asset since Dencun. Markets have front-run Ethereum upgrades before; a roadmap that finally answers the accrual question would be the first fundamental ETH catalyst in two years.
Firedancer completion is the second. Solana’s independent validator client moving to full deployment removes the single-client risk that institutions cite most, and its throughput headroom opens application categories, full order-book markets, high-frequency payment networks, that no chain currently serves. If even one breakout consumer or enterprise application lands on that capacity, Solana’s volume base diversifies away from memecoins, which neutralizes the strongest bear argument against its fee economy.
ETF mechanics are the third. Staking-enabled fund structures, under active regulatory discussion for both assets, would transform the flow picture: a spot product yielding 3% to 7% natively changes the allocator pitch entirely, and the asset that gets staking approval first inherits a durable flow advantage. Watch the filings, not the influencers.
Treasury companies are the fourth and strangest. BitMine’s multimillion-ETH accumulation and the emerging class of SOL treasury vehicles mean corporate balance sheets now sit inside both ecosystems as permanent, price-insensitive holders. The Strategy playbook applied to ETH and SOL is small today; its growth rate through a recovering market could make treasuries the marginal buyer that decides which token outperforms, independent of every on-chain metric in this article.
The verdict for the second half Ethereum is losing the L1 race as originally defined, and it forfeited that race by choice when it went all-in on rollups. Solana is winning everything measurable at the base layer while still trailing badly where the institutional money actually sits. Watch three numbers through December: whether Ethereum ETF flows recover once its next upgrade lands, whether Firedancer’s full rollout converts Solana’s throughput ceiling into new categories of application, and whether Solana DeFi TVL can hold above $12 billion without memecoin volume subsidizing it. The chain that answers its own weakness first will own the 2027 narrative. Until then, the war everyone expected has settled into something stranger: two winners, two different games, and one increasingly obsolete question.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Digital asset markets are volatile, and you can lose your entire investment. Always do your own research. Information current as of July 3, 2026.
Jupiter, the dominant decentralized exchange aggregator on Solana, just rolled out a trailing stop-loss feature for its Limit Order V2 system. It’s one of those tools that centralized exchanges have offered for years, and DeFi users have been quietly jealous about ever since.
Here’s the thing. A regular stop loss says “sell if the price drops to X.” A trailing stop loss says “sell if the price drops X% from its highest point.” The difference matters a lot when you’re riding a rally and don’t want to leave money on the table by setting a fixed exit too early, or too late.
How the trailing stop loss actually works Think of it like a ratchet that only clicks in one direction. As the price of a token climbs, your sell trigger climbs with it, always maintaining a set percentage distance from the peak. If the price reverses, the trigger stays put and fires when hit.
In English: you set a trailing distance, say 10% (which happens to be the default), and the system tracks the highest price your token reaches. If that peak was $100 and the price drops to $90, the order executes. If the price keeps climbing to $150 first, your new trigger becomes $135. You never manually adjust anything.
Jupiter allows users to configure trailing distances anywhere from 0.5% to 90%. That’s a wide range, covering everything from tight scalps on stablecoins to loose trailing stops on memecoins that might swing 30% in an afternoon before continuing upward.
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The feature tracks peaks using either USD price or market cap, depending on how the trader configures the order. Orders can be set with expiration periods of up to 30 days, so you’re not committing to babysitting a position forever.
And it works with any token pair supported on the platform, not just majors like SOL, JUP, or USDC.
Why this matters for Solana DeFi Jupiter’s Limit Order V2 system launched around October 2025, introducing fixed take-profit and stop-loss options alongside more sophisticated order types. Those included OCO (One Cancels Other) and OTOCO (One Triggers Other Cancel Order) bundling, essentially letting traders set up conditional logic chains for their trades.
The problem with V2’s original toolkit was that everything relied on fixed triggers. Set a stop loss at $95, and that’s where it fires regardless of whether the token rallied to $200 first. Traders who wanted to protect gains during volatile uptrends had to manually adjust their orders, which kind of defeats the purpose of automation on a decentralized platform.
Execution runs through Jupiter Ultra, the platform’s routing engine designed to find optimal swap paths across Solana’s liquidity pools. Jupiter Ultra also incorporates protection against MEV (Miner Extractable Value) attacks, which on Solana take the form of sandwich attacks where bots front-run and back-run your trade to extract value.
What this means for traders and the broader market For retail traders, the trailing stop loss lowers the skill barrier for managing risk. The 10% default is sensible for most crypto assets, though anyone trading lower-volatility pairs might want to tighten that, and memecoin traders will probably want to widen it considerably.
For more experienced traders, the combination of trailing stops with OCO and OTOCO order types opens up some genuinely sophisticated strategies. You could set up a position with a take-profit target, a trailing stop loss, and have the system cancel whichever order doesn’t trigger first.
One risk worth noting: trailing stop losses in illiquid markets can create cascading sell pressure. If a token’s price drops sharply and multiple trailing stops trigger simultaneously, the resulting sell orders could push the price down further, triggering more stops.
Traders should also be aware that a 30-day maximum expiration means long-term holders can’t set and forget indefinitely. You’ll need to renew orders periodically if you’re using this as an ongoing portfolio management tool rather than a short-term trade management feature.
The feature is accessible through Jupiter’s interface via a dedicated URL parameter.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Transaction patterns are changing fast across the Solana network. A notable segment of investors has begun to move away from speculative memecoin trading, shifting their focus to major cryptocurrencies like Bitcoin and Ethereum. This move underscores a broader transformation for Solana as it evolves from being associated mainly with short term speculation to becoming a platform supporting a wide scope of real world applications and diverse digital assets.
Changing trends in transaction compositionMarket analyst Kylobayd reports that cross chain token transactions on Solana have reached an impressive $211.7 million. The surge in liquidity for assets coming from networks like Bitcoin and Ethereum highlights how investor interest is tilting toward well established cryptocurrencies over purely speculative meme assets.
With cross chain token transactions on Solana hitting $211.7 million, the network’s activity base has clearly expanded beyond the memecoin craze.
While the largest category of transactions still leads with $259 million, the gap between it and the cross chain segment is now down to just 18 percent. Analysts see this narrowing margin as evidence that Solana’s ecosystem is gradually diversifying and reducing its previous reliance on a single asset class.
This growing diversification could help decentralized exchanges on Solana achieve more balanced liquidity instead of being driven by the wild swings of a single token. The current trend also supports the integration of decentralized finance (DeFi) and cross chain asset utilization within Solana’s high performance, low cost blockchain infrastructure.
All eyes on the $120 technical targetThe technical outlook for Solana’s native token, SOL, is turning increasingly bullish. According to analyst BATMAN, a classic Wyckoff structure has recently completed on the SOL chart, with the price reclaiming its previous trading range after a significant sweep of liquidity.
Mini glossary: The Wyckoff structure is a technical analysis approach that describes price movements in stages like accumulation, false breakouts, and rallies. Regaining support in this pattern typically signals that buyers are regaining strength.
After retreating from above $200, SOL moved sideways for months within the $76 to $98 zone. This prolonged consolidation period pointed to a balance between buyers and sellers, but recent renewed demand is now sparking signals of a possible trend reversal.
IndicatorLevelLong term trading range$76 to $98Regained support$76 to $78Analysts’ target zone$120 to $125Current approximate level$81Short dips below key support may have triggered the stop loss orders of bearish traders. Analysts interpret this as textbook Wyckoff action, where strong hands accumulate while weak positions are flushed out.
The powerful candlestick that followed the reclaim of the $76 to $78 region indicates renewed buying pressure entering the market.
If SOL is able to sustain its hold above the $76 to $78 support, the next closely watched technical target stands at $120 to $125. Relative to its current level near $81, this would represent close to 50 percent upside potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
