Solana ETFs registered a significant surge in investor activity, drawing $188.21 million in new capital from September 21 to September 25, 2026. This inflow marks the strongest week for Solana-based exchange-traded funds since their launch and highlights increasing institutional demand for Solana as the broader cryptocurrency market remains highly active.
Institutional momentum buildsThe influx of funds comes as Solana’s price action continues to capture attention, with swift moves in the market supporting bullish investor sentiment. The new capital entering Solana ETFs underscores a period of revived interest from institutional players in search of diversification and exposure to alternative blockchain assets.
Exchange-traded funds dedicated to Solana experienced net inflows every day of the observed period. On Friday alone, these funds brought in $86.67 million, contributing to the largest weekly inflow ever recorded.
During this standout week, all seven Solana ETFs recorded positive inflows, which analysts interpret as evidence of broad-based investor optimism and sustained market confidence in Solana’s prospects.
While some analysts emphasize monitoring technical levels to anticipate further price movement, others have emphasized the importance of timely access to market data. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, investors increasingly use privacy-first platforms like CryptoAppsy to aggregate real-time charts, set price alerts, and track portfolios—all without the need for separate accounts—bringing all critical indicators onto one unified screen.
Bitwise’s dominant positionBitwise has extended its lead in the Solana ETF space, consistently attracting the highest daily inflows since the products launched. Over the five-day stretch, the Bitwise Solana Staking ETF (BSOL) secured $128.46 million in capital, accounting for 68% of the total inflows across all Solana ETFs during the week.
Grayscale followed Bitwise, bringing in $28.06 million for its Solana ETF offerings over the same period. The concentration of inflows further strengthens Bitwise’s status as a key player within the Solana ETF sector.
Industry observers are watching these trends closely, as the heightened investor enthusiasm for Solana ETFs may reflect an increasing desire for diverse crypto exposure beyond the traditional flagship cryptocurrencies.
Solana (CRYPTO: SOL) price jumped and crossed a key resistance level as the cryptocurrency market rebounded and demand for SOL ETFs increased. It has also risen 102% from its lowest level this year as staking inflows grow, with technical analysis suggesting more upside is possible.
Solana’s Demand is SoaringInvestors are piling into Solana as the crypto market rebound continues. One of the best metrics that confirms this is the ongoing demand for spot SOL ETFs. These funds have had inflows in the last six consecutive days, bringing the monthly gains to $264 million. This is the third month that these funds have had inflows.
In total, these funds have had over $1.61 billion in inflows, bringing their total assets to over $1.96 billion. Bitwise’s BSOL ETF has over $1.36 billion in assets, and is followed by those by companies like Fidelity, Grayscale, Morgan Stanley (NYSE:MS), and VanEck. The soaring inflows mean that demand for the coin is surging.
The rising demand has also led to more flows into staking pools. Its staking ratio has jumped to nearly 70%, meaning that most investors hold it for the long term. These investors are now earning a 5.04% in annual return. The staking market capitalization has jumped from $42 billion on September 16 to $54 billion today.
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Solana’s top metrics are doing well. Its stablecoin market capitalization has jumped to $16.7 billion, while the amount of real-world assets (RWA) has jumped to $2.45 billion. These metrics make Solana one of the biggest layer-1 networks in the world.
Solana has done well in line with the ongoing rebound of most coins. Bitcoin (CRYPTO: BTC) has jumped from $57,000 in July to over $84,000 today, while the market capitalization of all coins has jumped to over $2.8 trillion.
Solana Price Has Jumped Above a Crucial ResistanceSOL price chart | Source: TradingView
The daily chart shows that Solana has some of the best technicals. It formed a bullish flag pattern, which is made up of a vertical line and a descending channel. This pattern usually leads to a strong continuation.
It has also moved above the key resistance level of $110, its highest level on August 28. Also, it formed an inverted head-and-shoulders pattern. It has also formed a golden cross pattern as the 50-day moving average has crossed the 200-day one.
Therefore, these technicals suggest that Solana’s price will continue rising as bulls target the psychological level of $150. If this happens, this rebound will be a 25% surge from the current level.
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Solana has maintained a price above $120, supported by robust technical indicators, rising participation in decentralized finance (DeFi), and increasing involvement in the derivatives market. Investors continue to watch Solana closely, following its recent bullish momentum and heightened network activity.
Technical outlook reinforces gainsAt the time of writing, Solana trades at $121.69, up 0.23% from the previous day. The coin reached an intraday high of $124.95, reflecting steady demand as both spot and derivatives market activity intensify.
The TradingView chart shows that Solana broke above the $94.85 resistance, climbing from below $100 in September to the current levels above $120. This extended upward move indicates persistent buying interest in recent weeks.
The next key support is identified at $73.62. For now, holding above $120 helps preserve the prevailing bullish structure. A drop below $94.85, however, could signal weakness in the trend.
TradingView’s momentum indicators remain constructive. The relative strength index (RSI) stands at 68.44, above its 62.91 moving average but still under the threshold of 70, suggesting Solana has not yet entered overbought territory commonly watched by analysts.
The moving average convergence divergence (MACD) line currently sits at 6.40, which is higher than the signal line at 5.36, with a histogram reading of 1.04. This MACD alignment reinforces sustained positive momentum in the market.
The combination of an upward-trending price, supportive MACD readings, and an RSI below 70 suggests that buying strength remains intact even as caution grows with the market nearing potential resistance zones.
DeFi and derivatives fuel ecosystem activityThe Solana ecosystem has witnessed increasing volume and activity. According to data from DeFiLlama, total value locked (TVL) in Solana rose from about $4.7 billion in early August to $6.7 billion by the end of September, signaling growing confidence among DeFi participants.
On-chain metrics such as DEX volume, active address count, and transaction numbers have all remained elevated through September. While these figures confirm high engagement within the network, analysts point out that a direct causal link between DeFi growth and price action cannot be conclusively established.
CoinGlass reports that Solana open interest has climbed to roughly $7.5 billion, and derivatives trading volume has surpassed $12 billion. The simultaneous rise in both open interest and price implies that leveraged trading positions are increasing as the asset trends upwards.
MetricEarly AugustEnd of SeptemberTVL$4.7 billion$6.7 billionOpen Interest—$7.5 billionDerivatives Volume—$12 billionRising leverage often precedes more volatile price swings, potentially magnifying the size of upward or downward movements in the near term.
Mini dictionary: DeFiLlama, a data aggregator platform tracking TVL and metrics across various DeFi protocols and blockchains.
Traders eye leverage and key levelsA post from on-chain analytics account Lookonchain highlighted a trader who opened a 20x leveraged long position worth $67.88 million, or 550,087 SOL, about a month ago. The trader’s current unrealized profit stands above $23 million, with take-profit targets set at $200 per SOL. If the asset reaches $200, the single trade could result in a profit exceeding $65 million.
This trade demonstrates the significant leverage available on SOL, as market participants watch whether further gains materialize before a possible correction emerges.
The latest high of $124.95 now serves as an immediate level of interest. A clear breakout would bolster the bullish case, while failure to maintain these gains could shift attention back towards $120 and $94.85 as subsequent price supports.
Overall, positive technical indicators, expanding TVL, and surging derivatives participation underpin the current outlook for Solana. However, the increasing open interest also signals that sharper price moves could emerge should market sentiment shift decisively. Market observers are closely watching if buyers maintain momentum above $124.95, which could set the tone for further advances.
This Week's Token Unlock Overview: SUI, EIGEN, ENA and Others to See Large One-Time Token Unlocks
According to Token Unlocks data, tokens including SUI, EIGEN, and ENA will see major unlocks this week, with UTC+8 times as follows: Falcon Finance (FF) will unlock approximately 77.14 million tokens at 9 PM on September 29, representing 2.51% of its circulating supply and valued at around $10.2 million; Collector Crypt (CARDS) will unlock about 59.26 million tokens at 3 AM on September 30, accounting for 10.62% of its circulating supply and worth roughly $10.7 million; Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM on September 30, making up 2.81% of its circulating supply and valued at about $10.8 million; Sui (SUI) will unlock around 13.26 million tokens at 8 AM on October 1, equivalent to 0.32% of its circulating supply and worth roughly $16.7 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12 PM on October 1, representing 5.19% of its circulating supply and valued at around $10.3 million; Ethena (ENA) will unlock about 40.63 million tokens at 3 PM on October 2, accounting for 0.45% of its circulating supply and worth roughly $11 million; DoubleZero (2Z) will unlock approximately 1.66 billion tokens at 9 PM on October 2, making up 47.69% of its circulating supply and valued at around $114 million.
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South Korea's KOSPI index fell 1%, Samsung Electronics dropped 2.54%, and SK Hynix declined 2.82%.
According to Bitget market data, South Korea’s KOSPI index saw an intraday decline of 1.00%. Samsung Electronics fell 2.54%, while SK Hynix dropped 2.82%.
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Altcoins in the crypto market are continuing their sector rotation, with cross-chain infrastructure token QNT leading gains, GRT and W rising in tandem, and Solana ecosystem tokens rallying broadly.
According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion. Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%. Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).
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California, USA has passed legislation banning public officials from issuing meme coins, with Governor Gavin Newsom specifically criticizing former President Trump’s personal meme coin, TRUMP.
California Governor Gavin Newsom signed a series of bills on September 27, including banning California public officials from issuing meme coins and prohibiting trading platforms from listing meme coins featuring public officials’ images. The legislation also establishes a victim recovery mechanism to crack down on cryptocurrency fraud and money laundering, and clarifies procedures for seizing crypto assets belonging to transnational criminal networks. In his signing statement, Newsom specifically criticized former President Donald Trump’s 2025 personal meme coin TRUMP, noting that nearly 1 million buyers have suffered total losses exceeding $3 billion, while Trump himself profited approximately $636 million.
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Bitcoin has surpassed $85,000, while Ethereum has broken through $2,700.
According to HTX market data, Bitcoin has broken through the $85,000 level, with a 0.75% 24-hour gain. Ethereum has surged past $2,700, posting a 0.2% rise over the same period.
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StonkFun’s official X account has now returned to normal after a brief suspension.
Solana-based token launch platform StonkFun’s official X account has been restored to normal following a brief suspension by the X platform. According to GMGN data, STONK’s current market capitalization stands at $202 million.
This Week's Token Unlock Overview: SUI, EIGEN, ENA and Others to See Large One-Time Token Unlocks
According to Token Unlocks data, tokens including SUI, EIGEN, and ENA will see major unlocks this week, with UTC+8 times as follows: Falcon Finance (FF) will unlock approximately 77.14 million tokens at 9 PM on September 29, representing 2.51% of its circulating supply and valued at around $10.2 million; Collector Crypt (CARDS) will unlock about 59.26 million tokens at 3 AM on September 30, accounting for 10.62% of its circulating supply and worth roughly $10.7 million; Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM on September 30, making up 2.81% of its circulating supply and valued at about $10.8 million; Sui (SUI) will unlock around 13.26 million tokens at 8 AM on October 1, equivalent to 0.32% of its circulating supply and worth roughly $16.7 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12 PM on October 1, representing 5.19% of its circulating supply and valued at around $10.3 million; Ethena (ENA) will unlock about 40.63 million tokens at 3 PM on October 2, accounting for 0.45% of its circulating supply and worth roughly $11 million; DoubleZero (2Z) will unlock approximately 1.66 billion tokens at 9 PM on October 2, making up 47.69% of its circulating supply and valued at around $114 million.
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South Korea's KOSPI index fell 1%, Samsung Electronics dropped 2.54%, and SK Hynix declined 2.82%.
According to Bitget market data, South Korea’s KOSPI index saw an intraday decline of 1.00%. Samsung Electronics fell 2.54%, while SK Hynix dropped 2.82%.
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Altcoins in the crypto market are continuing their sector rotation, with cross-chain infrastructure token QNT leading gains, GRT and W rising in tandem, and Solana ecosystem tokens rallying broadly.
According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion. Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%. Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).
4 minutes ago
California, USA has passed legislation banning public officials from issuing meme coins, with Governor Gavin Newsom specifically criticizing former President Trump’s personal meme coin, TRUMP.
California Governor Gavin Newsom signed a series of bills on September 27, including banning California public officials from issuing meme coins and prohibiting trading platforms from listing meme coins featuring public officials’ images. The legislation also establishes a victim recovery mechanism to crack down on cryptocurrency fraud and money laundering, and clarifies procedures for seizing crypto assets belonging to transnational criminal networks. In his signing statement, Newsom specifically criticized former President Donald Trump’s 2025 personal meme coin TRUMP, noting that nearly 1 million buyers have suffered total losses exceeding $3 billion, while Trump himself profited approximately $636 million.
4 minutes ago
Bitcoin has surpassed $85,000, while Ethereum has broken through $2,700.
According to HTX market data, Bitcoin has broken through the $85,000 level, with a 0.75% 24-hour gain. Ethereum has surged past $2,700, posting a 0.2% rise over the same period.
4 minutes ago
QNT surged more than 85%, breaching the $285 mark and leading the altcoin market rally.
According to HTX market data, Quant (QNT) has rallied more than 85% to break above $285, leading gains in the altcoin market. On the development front, Quant announced on September 24 that it will provide technical support for an on-chain currency program under The Clearing House, responsible for network interoperability, orchestration, and transaction management layers, while connecting existing fiat payment systems including RTP and CHIPS, with a planned rollout to participating institutions in the first half of 2027.
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.
According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion. Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%. Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).
Solana is posting a notable rebound as buyers continue to defend a key support range, drawing renewed interest from analysts and investors tracking the asset’s next technical targets. Growing demand for Solana-based investment products and enhanced stablecoin liquidity on the network are helping to reinforce this recovery in the current market environment.
Technical Outlook: Key Support and Next Resistance LevelsAnalyst Bitcoin Meraklisi has identified $117 as a critical support level for SOL after the token briefly corrected to this point. Market observers are now watching for a move toward $143, the next resistance threshold singled out by key analysis, provided buyers maintain pressure above the current support zone.
Solana concluded trading at around $120.81 on September 25, having peaked at $122.07 during the session. This performance carried the token back above its $117.04 close from September 24 and marked a significant rebound from the monthly low of $96.87 recorded on September 16. At its latest close, SOL traded approximately 24% above that low.
Maintaining a foothold above $117 would indicate strength in the ongoing recovery structure, according to analysts. If downward pressures resurface and the price falls through this area, attention could quickly shift to lower support levels.
Analyst Bitcoin Meraklisi highlighted that holding above $117 keeps the current recovery setup intact, with $143 becoming the next major level to watch if upward momentum is sustained. However, breaching support could undermine bullish prospects in the short term.
Stablecoin Surge and ETF Inflows Signal Increased Market ActivityThe recent price strength for Solana is unfolding alongside a surge in stablecoin supply and rising inflows into regulated investment products tied to the network.
Solana’s official channels revealed that the platform’s stablecoin supply has reached a historic high of $17.3 billion, marking a significant step up in dollar-pegged liquidity across the ecosystem. This development underscores the expanding use of stablecoins within decentralized applications and financial services built on Solana.
Simultaneously, data from SolanaFloor pointed to robust interest in U.S. spot Solana ETFs, with net inflows hitting $80 million in the most recent session—a daily record. Weekly net inflows have surged to $181 million, the second-largest weekly total thus far, indicating growing institutional engagement.
These indicators speak to the broader sentiment and activity around Solana, with stablecoin supply reflecting liquidity conditions and ETF inflows tracking capital entering through regulated channels. Combined with technical support at $117 and the target resistance at $143, market participants are closely monitoring these on-chain and off-chain measures to gauge potential continued upside.
Technical signals, particularly recovery from a recent low near $97 and the defense of $117 support, remain central to bullish momentum. Observers stress that if buyers keep price action above support, a push toward $143 is feasible in the near term.
In fast-moving markets such as meme tokens, shifts can occur rapidly. In this context, tracking both price movements and shifting investor activity becomes even more vital. For example, Fomo App data show that a trader recently turned an initial $99 investment in “Niu Lai” into approximately $370,000, highlighting how online trends can attract substantial flows in a matter of days. Tools like Fomo App, which combine token discovery, trading, social feeds, investor rankings, and real-time trade notifications in one platform, have become critical for monitoring meme token dynamics and staying ahead of emerging opportunities.
Market Implications and Next Steps for SolanaLooking ahead, analysts and investors are expected to focus on whether Solana’s price can maintain its current structure and challenge the $143 resistance level in the coming sessions. This outlook will hinge on sustained buyer engagement, consistent capital inflows, and the ongoing expansion of liquidity in Solana’s ecosystem.
While neither stablecoin supply nor ETF inflows singlehandedly guarantee higher prices, their combined increases signal a robust environment for further growth—provided underlying support levels hold.
Stablecoin supply and rising ETF inflows offer important context for Solana’s price recovery, but further gains will depend on buyers’ ability to maintain support and drive momentum higher in the weeks ahead.
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.
Solana’s spot price on Coinbase registered $121.165 at 15:24 UTC on 26 September 2026, according to public platform data. This price snapshot serves as a reference point, separating basic price sensitivity calculations from speculation about broader adoption or a pending market rally. Analysts caution that these illustrative scenarios do not guarantee any future target price.
Price scenario outcomesA review of potential price shifts based on this snapshot demonstrates how percentage changes affect valuation. If Solana’s price remains unchanged, it would round to $121.17. Should the price rise by 10%, it would reach approximately $133.28. Conversely, a 10% decline would move the figure down to around $109.05. These simple outcomes reflect direct multiplication by 1.10 or 0.90, with the percentage serving only as a mathematical example rather than indicating actual volatility or setting a trading timeframe.
No timeframe or likelihood has been assigned to these scenarios, and none constitute investment advice. The calculations aim to help market observers understand how rapidly shifting prices can affect exposure and outcomes for both traders and long-term holders. The exercise highlights the need to use current data when making any decisions about position entry or exit.
A 10% move from this snapshot sets Solana’s potential price range between $109.05 and $133.28, but the exercise does not suggest these levels will be reached within a set timeframe or under specific market conditions.
Leadership decisions and network factorsRecent corporate developments have also drawn attention to Solana. On 24 September, the Solana Foundation made a leadership announcement that underscored a focus on strategy and the payments sector. While appointing new executives provides context about future plans, it does not directly specify the amount of SOL that might be purchased, nor does it conclusively link to outcomes for token pricing. Network health, operational performance, and commercial success remain separate data points that require independent confirmation to inform market outlook.
Technical factors such as liquidity, order books, and price resistance levels also play a central role in ongoing assessments. Analysts continue to monitor for signs of support, resistance, or breakouts, but the current analysis refrains from declaring any definitive market direction. Instead, caution and flexibility are recommended when evaluating evolving market conditions.
Technical analysis and meme token contextEffective market monitoring often extends beyond price charts. In active segments like meme tokens, swift shifts can dramatically impact outcomes. In these fast-paced markets, internet trends sometimes translate into sizeable trading success within days. Fomo App data, for instance, highlights a recent trade involving “Niu Lai” that transformed a $99 investment into approximately $370,000. This example demonstrates that investor timing and token selection play a crucial role in performance beyond standard technical analysis. Fomo App integrates token discovery and trading with features such as social feeds, investor rankings, and trade notifications, providing a centralized resource to track both token momentum and participant behavior as meme tokens move rapidly.
When applying such technical and social tools to broader markets, observers are encouraged to combine arithmetic scenario planning with attention to trader sentiment and emergent internet-driven projects. Even in established coins like Solana, timing and data accuracy remain paramount.
Risk assessment and reporting practicesA detailed market outlook would require ongoing updates to reflect shifts in liquidity, open interest, and accompanying technical indicators. The calculations in this summary do not incorporate fees, leverage, or sudden market developments. Users considering these scenarios should replace the original basis price with the latest quote before making any moves, as market swings can rapidly change exposure and cost positions. The timestamp remains visible to enforce transparency around the timing of the analysis. This approach distinguishes between scheduled analytical efforts and live market streams.
Scenario models illustrate how price shifts may affect portfolios, but each investor’s result depends on entry point, market timing, and evolving liquidity conditions.
All referenced visuals serve as conceptual illustrations and are not documentary evidence or guarantees of market outcome. Readers should use multiple sources and track real-time data for comprehensive risk management.
According to GMGN data, PAID on Solana hit a peak yesterday, then fell by nearly 60% at its highest point over the past 24 hours. Its current market cap stands at $27.29 million, down 40% in 24 hours, with a 24-hour trading volume of $49.5 million.
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) price have made big gains in September, which have pushed the total crypto market cap from $2.62 trillion on September 1 to $2.87 trillion at the time of writing.
Analysts are now predicting the prices at which the four biggest cryptos by market cap will close on September 30, as the fear and greed index reading of 70 shows that the market remains in “greed” territory.
BTC Price Targets $87,000 by September End BTC price is on track to record its fourth straight September in the green, with month-to-date returns at 7.37%.
Analyst Philakone on X notes that BTC price remains above the 50-day and the 200-day SMAs, suggesting that the daily trend remains bullish. He notes that the resistance for Bitcoin now lies at $87,385.
Analyst Martini Guy also notes that if Bitcoin price can reclaim the $85,000 price, it could move back towards $87K.
Source: X A recent CoinGape Bitcoin price analysis also noted that Bitcoin price remained within a bull flag pattern on the one-day chart and could move towards $87,000 by month-end if support holds.
ETH Price Hunts Liquidity at $2,900 Ethereum price is up by 9.25% month-to-date, with this gain boding well for other altcoins including XRP and Solana.
Analyst Alex Marzell now notes that Ethereum price could continue climbing towards $2,900, where there is a high liquidity cluster.
Analyst Daan Crypto also notes that Ethereum price is facing resistance at $2,800. If ETH price can move above this resistance, the analyst says it could cause a “big move.”
Source: X Ethereum price is also defending support at the 200-week EMA, as earlier reported by CoinGape, suggesting that the long-term trend remains bullish and more gains could occur by month end.
SOL Price Eyes Rally to $130 SOL price traded at $122 at the time of writing after posting an intraday gain of 1.22%. Analyst Alaoui Capital now says Solana’s uptrend could extend towards $130 after the price broke from consolidation.
The analyst also attributed SOL price gains to inflows to ETFs that have amassed 1.475 million SOL in two weeks.
Analyst Apex Gotu also notes that SOL has a liquidity magnet above price at between $125 and $130 that could cause another bullish Solana price forecast.
XRP Price Targets Move to $1.70 XRP price is up by 7.9% in one month, and analyst Diana on X now notes that the uptrend might extend until $1.70.
The analyst noted that XRP price was rejected at $1.61, but the momentum is now turning bullish on the four-hour chart. If XRP price breaks resistance at $1.61, the move to $1.70 could occur.
The analyst’s bullish outlook comes amid a surge in inflows to XRP ETFs to $117.44 million in September 2026 alone.
XRP ETF Inflows/Outflows (Source: SoSoValue) The ongoing upgrades on the XRP Ledger could also aid more gains for the XRP price.
Therefore, as the crypto market comes near to closing the month of September in the green, BTC, ETH, SOL, and XRP price are expected to inch higher. But besides technical outlooks, geopolitics and the upcoming PCE Inflation release could affect price movements.
Key Highlights SOL price maintains position above $120 mark for first time since January, gaining approximately 8% over the past week. Alpenglow network upgrade deployed to devnet on September 25, targeting 150ms finality times. U.S.-listed Solana ETFs recorded unprecedented $86.67M in single-day net inflows on September 25. Total stablecoin market capitalization on Solana reached record high of $17.394 billion. On-chain spot trading volume on Solana exceeded that of Coinbase, Bybit, and Kraken on September 24. Solana has pushed beyond the $120 threshold this week, marking its first sustained presence at this level since the final days of January. The digital asset gained approximately 8% across a seven-day period, continuing a rebound trajectory that initiated near $75 during early August.
Solana (SOL) Price As of September 26, SOL was changing hands at $121.19. This represents approximately 58% below the token’s January 2025 high of $294.
Market participants are now focusing on $130 as the subsequent resistance target. Technical analysis of the four-hour timeframe reveals SOL trending within an ascending channel formation, while the relative strength index registers 63.09.
This measurement indicates sustained momentum while remaining below overbought territory. The Chaikin Money Flow indicator recorded 0.09, suggesting constructive capital flow throughout the recent appreciation.
Alpenglow Upgrade Aims to Accelerate Transaction Speed The Alpenglow upgrade for Solana’s network advanced to devnet status on September 25. Anza, the development organization spearheading this initiative, announced the progression one day following a testnet transition.
In a statement posted to X, Anza declared: “Alpenglow is officially running on devnet. The handoff completed at slot 504148999: Alpenglow genesis block formed and TowerBFT is retired. App developers: test your programs and integrations now during our observation period leading up to mainnet-beta migration.”
🚨JUST IN: Alpenglow, @Solana’s biggest consensus change in history, is set to go live on the testnet in less than 6 hours.
The new system could make Solana transaction finality 85× faster, cutting it from around 12.8 seconds to 150 milliseconds. pic.twitter.com/ob3OX7CwuN
— SolanaFloor (@SolanaFloor) September 24, 2026
This technical upgrade seeks to reduce transaction finality duration from 12.8 seconds down to approximately 150 milliseconds. Finality represents the moment when a blockchain transaction becomes irreversible.
Accelerated finality times would enable trading platforms to process deposit confirmations more rapidly. The mainnet implementation remains pending, meaning end users have yet to experience these performance improvements.
Market analyst Crypto Patel highlighted an alternative price threshold deserving attention. In an X platform update, Patel observed that SOL had successfully regained the $120 level following an eight-month absence, but identified $150 as the critical trend-reversal point, suggesting that a weekly close above this mark could unlock price targets of $250, $500, and $1,000.
SOLANA PRICE PREDICTION: THE $150 BREAKOUT COULD SEND $SOL TOWARD $1,000$SOL has finally reclaimed $120 After ~8 months, but the real HTF trend-flip level is $150.
A weekly close above $150 would confirm the bullish breakout and activate my upside targets.
Targets: $250 →… pic.twitter.com/BMgdzmjHyX
— Crypto Patel (@CryptoPatel) September 26, 2026
Patel further observed that failure to break through $150 resistance might trigger a retracement toward $75, which he characterized as a potential accumulation opportunity.
Institutional Demand and On-Chain Metrics United States-based spot Solana exchange-traded funds documented $86.67 million in net capital inflows on September 25. This figure represents the largest single-session accumulation since these investment vehicles commenced trading.
Bitwise’s BSOL product attracted $55.73 million. Grayscale’s GSOL vehicle captured $18.47 million, while Morgan Stanley’s MSOL secured $5.96 million.
Cumulative weekly inflows totaled $181 million, establishing the second-largest weekly figure in the funds’ operational history. Combined net assets across all Solana ETF products reached $1.96 billion.
The aggregate market capitalization of stablecoins operating on Solana also achieved a milestone, touching $17.394 billion on September 25. This measurement exceeds the April 2024 figure by more than sixfold.
Daily active addresses on the Solana network surpassed 8 million, outpacing the collective total of all other monitored blockchain networks. On September 24, Solana’s on-chain spot trading volume registered $2.69 billion, surpassing the volumes of Coinbase, Bybit, and Kraken.
Cover image via depositphotos.com 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.
PumpFun's cumulative sell total has reached $848 million as it continues to offload significant amounts of SOL as generated profit. On-chain data reveals another wave of sizable withdrawals to Kraken over the last two hours.
PumpFun's bearsh contibutionIn just the most recent two-hour window, PumpFun's fee accounts sold about 47,994 SOL (roughly $5.83M), with individual fee-account transfers to a Kraken deposit address ranging from less than 2,000 SOL to a single 18,608 SOL transfer worth more than $2.26 million.
SOL/USDT Chart by TradingViewThe platform has sold 5,236,623 SOL, valued at about $848 million, at an average execution price of $162 per SOL since it started methodically converting its accumulated trading fees. The scale of sales reflects the amount of revenue generated by fees.
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Every trade made on the platform results in fees that are paid in SOL. Rather than holding the position, the protocol has been continuously sending these accumulated fees to centralized exchanges, chief among them Kraken.
Pressure or help?Instead of one-time liquidations, the pattern of transfers, which occur from the same set of fee-collection wallets every few weeks, points to a methodical treasury management process. Notably, a significant increase in the price of SOL has coincided with this intense and ongoing selling pressure rather than being derailed by it.
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Solana has risen from about $75 in early August to over $123 at present, with the move picking up speed through September as the token broke above both its short- and long-term moving averages. The increase implies that the selling pressure has been more than offset by broader buying demand for SOL.
If SOL's price momentum starts to slow down and the market has less demand to absorb the ongoing liquidation, traders keeping an eye on on-chain flows will likely continue monitoring these Kraken-bound transfers as a recurrent data point.
Key Takeaways Armani Ferrante, CEO of Backpack, has announced intentions to scale tokenized stock offerings on Solana from approximately 200 to 10,000 symbols. The initiative would enable seamless movement of shares between traditional brokerage platforms and decentralized finance applications via a unified API. Neither a specific timeline nor details about which securities will receive priority treatment have been disclosed. In September, the SEC issued conditional regulatory relief for tokenized securities trading, applicable only to platforms meeting strict requirements. The SEC has not officially recognized Backpack as an approved venue under the recently introduced exemption framework. Armani Ferrante, the chief executive of Backpack, has unveiled an ambitious strategy to dramatically increase tokenized stock availability on the Solana blockchain. While the platform presently supports approximately 200 stock symbols, Ferrante envisions scaling this offering to an impressive 10,000 securities.
Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi.… pic.twitter.com/KF5Zi26a9b
— Solana (@solana) September 26, 2026
The ambitious roadmap was revealed in a video segment posted by Solana’s official account on September 26. During the presentation, Ferrante articulated his vision to democratize access to equity markets via distributed ledger technology.
“We’re not talking about 10 stocks or even 100 stocks. Our mission is to bring the entire stock market onto Solana,” Ferrante explained.
He outlined an infrastructure where traditional securities could seamlessly transition from conventional brokerage custody into decentralized finance ecosystems and return through a single application programming interface. Ferrante characterized the expansion from 200 to 10,000 symbols as “the next leap” in the platform’s evolution.
The company has not committed to a specific rollout schedule. Additionally, no information has been provided regarding which securities will receive priority in the expansion phase.
Understanding Backpack’s Infrastructure The securities platform from Backpack made its debut in June of this year. Through its brokerage service, customers can maintain positions in United States equities and exchange-traded funds. Eligible assets can subsequently be converted into their blockchain-based equivalents.
When users deposit compatible tokens back through the Backpack Exchange interface, they are reconverted into traditional securities. According to the company, brokerage-held assets comply with New York’s Uniform Commercial Code Article 8 standards. The platform also facilitates dividend distributions, corporate actions, and asset transfers using established mechanisms such as the Automated Customer Account Transfer Service (ACATS).
These digital representations can be stored in Solana-compatible wallets. Holders have the ability to transfer tokens to other individuals. According to Backpack, the tokens may also participate in decentralized finance protocols, subject to each application’s specific terms and conditions.
The platform’s inaugural tokenized offering represented shares of SpaceX, introduced in June through a collaboration with a partner named Sunrise. Subsequently, the company rolled out tokens representing equity in additional corporations, such as Micron and SanDisk. A CoreWeave-linked token was added to the roster in September.
Understanding Token Holder Entitlements Important distinctions exist between holding securities in a traditional brokerage account versus possessing their tokenized counterparts, despite Backpack’s assertion of one-to-one convertibility. In the case of its Micron offering, the company states that conventional brokerage account holders receive cash dividend payments through standard distribution channels.
Token holders, conversely, have their dividend entitlements automatically reinvested as additional tokens. Corporate actions are implemented through token balance modifications rather than traditional methods.
The Securities and Exchange Commission has cautioned investors that tokenized securities vary significantly in their structure and associated rights. In guidance issued this January, the regulatory body emphasized that entitlements tied to tokens depend entirely on their technical implementation. While some tokens represent beneficial ownership of actual shares maintained in qualified custody, others establish fundamentally different types of economic claims.
On September 17, the SEC established a five-year regulatory framework permitting qualified platforms to facilitate tokenized stock trading under stringent conditions. Approved venues must verify that token holders receive equivalent rights to traditional shareholders. Trading activity must be suspended whenever the underlying security experiences a trading halt.
The SEC has not publicly identified Backpack among the platforms authorized to operate under this newly created exemption. In related developments, Backpack recently appointed Kyle Samani, previously an executive at Multicoin Capital, to its United States board of directors. No timeframe has been announced for the expansion of domestic stock-related services.
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.
TLDR: Alpenglow replaces Solana’s consensus engine, cutting transaction finality to about 150 milliseconds. Solana’s fault tolerance threshold rises from 33 percent to 40 percent under the Alpenglow upgrade. US Solana ETFs posted $188.21 million in weekly inflows, their largest total since launching. Bitwise’s BSOL fund led ETF inflows with $128.46 million, favored for its SOL staking yield. Solana has climbed sharply in recent days, with traders pointing to two converging catalysts. A major network upgrade called Alpenglow is nearing activation, promising faster and cheaper transactions.
At the same time, US Solana exchange-traded funds posted their strongest inflow week since launch, signaling growing institutional appetite for the asset alongside the technical shift.
Alpenglow Upgrade Builds Anticipation The upgrade, developed by core engineering group Anza, replaces Solana’s underlying consensus engine entirely. It swaps the legacy TowerBFT system for a new protocol called Votor, which handles validator votes directly instead of packaging them into on-chain transactions. This change cuts transaction finality from roughly 12.8 seconds down to about 150 milliseconds.
Crypto commentator Sarosh highlighted the scale of the shift on social media. He described it as “the largest overhaul in Solana’s history,” noting it replaces the system validators use to agree on transactions.
WHY SOLANA HAS BEEN PUMPING
A massive system upgrade called Alpenglow is getting ready to launch. Developed by the core engineering group Anza, this is the largest overhaul in Solana’s history. It completely replaces the underlying consensus engine—the system computers use to…
— Sarosh (@SaroshQ2022) September 27, 2026
Traders have treated the upgrade as a fundamental catalyst, since faster finality and lower fees tend to draw renewed trading activity.
Code for Alpenglow has sat inactive on mainnet since September 18, building expectation ahead of a formal switch.
Activation is scheduled to begin September 28, though the date depends on 95 percent of staked validators updating their node software first. That countdown appears to be feeding speculative buying into the deadline.
Network Improvements Reinforce The Rally Beyond speed, Alpenglow raises Solana’s fault tolerance threshold from 33 percent to 40 percent of staked validators.
This gives the network stronger protection against outages, routing failures, or hardware crashes. Traders view added resilience as a positive signal for long-term network reliability.
Validator voting has historically consumed a heavy share of network capacity, accounting for up to 75 percent of on-chain transactions.
Moving that process off-chain frees transaction space for regular users and cuts the SOL cost of running a validator. Lower operating costs are seen as supportive for validator participation and network health.
Because the upgrade only touches infrastructure, wallets, smart contracts, and fee structures remain unchanged for users.
This combination of speed, resilience, and cost reduction has given market participants a clear narrative to buy into ahead of activation.
ETF Inflows Add Fuel To The Move Institutional demand has amplified the rally. US Solana ETFs drew $188.21 million in net inflows between September 21 and 25, the largest weekly total since launch. The official Solana account called it “the biggest week since launch” for these products.
Bitwise’s staking-enabled BSOL fund led inflows with $128.46 million, favored for its yield on staked SOL. It outpaced Grayscale’s GSOL and Fidelity’s FSOL during the same period. Thirty-day inflows reached $447.7 million, with cumulative totals surpassing $1.61 billion.
Solana traded at $123.66 as of writing, up 2.39 percent over 24 hours and 14.75 percent over the past week. Twelve straight weeks of positive ETF flows suggest steady institutional accumulation is compounding with upgrade-driven momentum to push the price higher.
27 September 2026 | 16:31 Solana DEXs can report billions in transactions without showing how much independent market demand sits behind that turnover. A new Bitquery study puts that problem into focus.
Bitquery’s study examined the Solana pools it indexed from August 24 to September 22. It said 58.4% of the $201.4 billion in trading it could price matched its criteria for non-economic activity, equal to roughly $117.7 billion.
Bitquery is an onchain-data provider, not an independent market regulator, so its classification should be read as a documented analytical finding rather than a final legal determination.
The $117.7 billion claim needs an exact reading The number is striking, but its boundaries are as important as its size. Bitquery reviewed trades in the Solana DEX pools it indexed and could price during a 30-day window. Onchain patterns can identify unusual behaviour; they cannot establish an individual trader’s motive by themselves.
Its test flagged roughly $117.7 billion of the $201.4 billion sample. Bitquery said about 95% of the flagged activity involved buying and selling the same token in the same pool within a single transaction. The report also identified concentrated clusters of similar wallets and unusually large activity in tokens named after public companies and artificial-intelligence products.
The boundaries of Bitquery’s finding
What it measuredPriced swaps in the Solana pools Bitquery indexed between August 24 and September 22.
What it foundA large share of that sample matched its criteria for circular, non-economic activity.
What it cannot settleHow much genuine demand exists across every Solana DEX, token and wallet cluster.
The finding challenges a widely used volume metric. Its sample cannot produce a network-wide percentage for all Solana trading or determine the scale of genuine activity elsewhere on the network.
How a real swap can become a weak demand signal DEX volume counts the dollar value passing through a swap. If linked wallets repeatedly buy and sell the same token through the same pool, often reversing the exposure within the same transaction or shortly afterwards, every swap can add to reported volume even when the group has taken little lasting market risk.
A blockchain proves that the swaps happened. Wallet independence, trade intent and any plan to keep the asset remain separate questions.
Automation itself is not the problem. Market makers and arbitrage systems can make many rapid, legitimate trades, and Solana’s low fees make that activity inexpensive. The question raised by Bitquery is narrower: whether repeated, concentrated buy-and-sell patterns should be treated as the same kind of market activity as independent investors taking directional positions.
Gross volume is only one reading of a DEX DefiLlama defines DEX volume as the value of trades processed by an exchange. That is a useful measure of turnover, but it is not a count of unique traders, net capital entering a protocol or liquidity available to a seller at a reasonable price.
Readers should not replace one headline number with another. The more useful approach is to look for several signals that describe different parts of a market.
Liquidity depthCan a meaningful order trade without causing severe slippage?
Wallet concentrationIs activity spread across participants or dominated by a few linked groups?
Liquidity that staysAre assets remaining in the market, or are the same balances repeatedly cycling through swaps?
Revenue after rewardsDo traders generate meaningful fees once token rewards and rebates are considered?
None of those readings is immune to manipulation. Together, however, they are harder to mistake for simple user demand than a large notional-volume figure on its own.
Why this is not a verdict on Solana’s entire DeFi market Bitquery’s dataset is valuable precisely because it is specific. It provides named patterns, wallet clusters and a defined sample that other researchers can challenge or reproduce. Its conclusion should not be stretched beyond that evidence.
This is why daily DEX rankings need context. Coindoo recently examined how Solana regained the DEX-volume lead as trading cooled. Bitquery’s study adds a different question: how much of a volume lead reflects independent market activity?
The useful distinction is between a metric and a verdict. Volume tells readers how much value passed through smart contracts. It cannot, by itself, tell them whether that turnover came from independent traders, how deep the market was or whether the activity created lasting value for an application.
The better question after any volume record Public transaction data makes this kind of scrutiny possible. The next time a chain or DEX announces a volume record, readers should ask who traded, how concentrated the activity was, and whether the turnover left behind deeper liquidity or only a larger dashboard number.
This article is provided for informational purposes only and does not constitute financial or investment advice. Onchain analytics depend on the datasets, wallet labels and classification methods used by each provider.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Pump.fun’s recent Solana’s [SOL] sale has introduced renewed supply pressure, as stronger institutional and ecosystem demand challenges its impact on price.
As reported by Lookonchain, Pump.fun sold another 47,994 SOL valued roughly at $5.83 million, expanding its substantial selling activity.
In total the platform’s cumulative sales climbed to 5.24 million SOL, worth approximately $848 million.
This persistent selling introduced additional market supply as SOL struggled to extend its broader price recovery. The latest transaction, however, represented only part of Pump.fun’s accumulated SOL activity, since the platform still held 381,737 SOL after its latest sale.
Source: X At the time of reporting, Solana had recorded $5.14 million in Spot net outflows, reflecting a notable shift from the recent exchange activity.
Before that flip, the Spot flows had maintained positive flows for three consecutive days, suggesting sustained inflows onto exchanges.
The exchange supply, as a result, started declining while Pump.fun continued pumping SOL into the market. However, one session of outflows still did not establish a sustained withdrawal trend.
Source: CoinGlass The $122.70 rejection puts recovery under pressure Solana’s latest price advance pushed its price into the $122.70 zone, where sellers rejected the rally, preventing further upside.
At the time of writing, the price sat around $120.64, leaving the token below the key resistance that stopped its latest uptick.
More importantly, the RSI indicator approached the 70 level during the impulse move before reversing lower to 67 alongside the price correction.
The reversal suggested that buying strength had started fading near the key resistance instead of breaking above it. However, SOL remained above the $110.13 support, preserving a crucial level beneath the prevailing price structure.
Buyers would need to overcome the selling pressure around the current area to break through above the 122.70 resistance.
Inability to regain control around that area could likely expose $110.13 support in case the current rejection develops into a deeper correction.
SOL/USDT Daily Chart onTradingView Final Summary Pump.fun kept adding supply, while record ETF inflows strengthened institutional SOL demand. SOL’s $122.70 rejection and RSI reversal from 70 increased the risk of a deeper pullback.
Solana is seeing renewed interest from institutional investors as momentum continues to build amid recent price rallies seen across the broad crypto market.
While Solana has continued to pull strong price moves in recent days, its ETF market has also witnessed a substantial resurgence in its trading performance recently.
Solana ETFs draw in $188 millionThe rapid institutional interest witnessed by the US spot Solana ETF has seen them record their strongest week in barely a year after they launched.
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Latest data shows that the Solana ETFs have collectively attracted a total of $188.21 million in fresh capital between September 21 and September 25, 2026.
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Notably, the record weekly inflow came after the Solana ETFs saw $86.67 million in net inflows on Friday, bringing the week's total to a record high.
While this marks the largest weekly inflow ever recorded by the funds since they launched late last year, it signals growing investor interest in Solana as all seven ETFs recorded positive inflows during the week.
Bitwise takes lion's share Bitwise has maintained leadership in the Solana ETF market since they launched until today, as the firm has continued to attract the largest amount of capital on a daily basis.
While it continues to dominate the market, the Bitwise Solana Staking ETF (BSOL) attracted about $128.46 million during the five-day period.
While Grayscale also followed during the period with about $28.06 million in total inflows for the week, Bitwise's share marks 68% of the total weekly inflows, further fortifying Bitwise's position as a leader in the Solana ETF market.
Predictive markets still anticipate growth for Ethereum, Solana, and Zcash before the end of this year. However, their bets remain much more cautious regarding the closing price on December 31.
In brief Ethereum retains about 70% chances to reach 3000 dollars before the end of 2026. Solana could hit 140 dollars, but higher targets rapidly become less probable. Zcash shows the most volatile forecasts, with a target of 2000 dollars still very uncertain. Polymarket remains overall more optimistic than Kalshi on price increases. Low volumes on some contracts can amplify probability variations. Crypto forecasts 2026: three very different bets On September 26, Ethereum was trading around 2689 dollars, compared to nearly 121 dollars for Solana and 1543 dollars for Zcash. On the platforms Polymarket and Kalshi, contracts related to these three assets had thus accumulated over 31 million dollars in transactions.
These amounts correspond to the volume traded since the markets opened. They do not represent either the sums still engaged or the number of participants convinced by each scenario.
Three main targets currently concentrate attention :
Ethereum at 3000 dollars, with a probability close to 70% ; Solana at 140 dollars, with a probability around 59% ; Zcash at 2000 dollars, with a probability rising from 41% to about 49%. These figures progress in pace with the acquisitions and sales of contracts. They therefore express expectations of a group of bettors at a specific time, and not a market consensus or fundamental analysis.
Ethereum retains 70% chances to reach 3,000 dollars The Polymarket contract dedicated to Ethereum concentrates nearly 16.12 million dollars of volume. Bettors evaluated the probability that ETH would approach 3000 dollars before January 1st 2027 at 70%. This rise would represent an increase of nearly 11.6% from its reference level.
Beyond this threshold, optimism drops very quickly. The probability falls to 36% for reaching 3500 dollars, then to 17% for 4000 dollars. It no longer exceeds 6% for 5000 dollars and 1% for a target of 10000 dollars.
Bearish contracts also remain active. Polymarket had assigned 35% chances for a return to 2250 dollars and 15% for a correction down to 2000 dollars.
Regarding the Kalshi platform, it provides a more cautious reading. Thus, it primarily places 14% probability on an annual close between 2500 and 2749 dollars, then 12.8% between 2750 and 2999 dollars. More than 12.15 million dollars of volume have been generated by its Ethereum market.
Solana aims for 140 dollars, but 200 dollars remain distant Solana is expected to rise nearly 16% to approach 140 dollars. Now, Polymarket gives nearly 59% chances to this scenario, for a market that totals nearly 2.09 million dollars in volume.
Next, probabilities drop to 32% for 160 dollars, 19% for 180 dollars and only 12% for 200 dollars. Conversely, participants estimate nearly 30% possibility of a return to 90 dollars and 18% possibility of a fall to 80 dollars.
Kalshi shows 71% chances that SOL ends this year above 100 dollars. The probability falls to 34% for a close above 150 dollars and 27% above 200 dollars. Such figures must nonetheless be relativized, as the concerned market only constitutes near 183000 dollars of volume.
Zcash shows the most volatile forecasts Zcash presents the most spectacular scenario. Starting from a reference price close to 1543 dollars, ZEC is expected to gain about 30% to reach 2000 dollars. The probability associated with this target rose from about 41% on September 26 to about 49% the next day.
However, the market does not rule out a strong correction. Polymarket assigns nearly 33% chance of falling below 700 dollars and 23% chance of a pullback to 500 dollars. The total volume remains below 650000 dollars, which makes the probabilities more sensitive to some large positions.
Kalshi simultaneously evaluates at 73% the probability that the ZEC price will end 2026 above 1000 dollars. However, this contract only accumulates 3679 dollars in volume and presents a significant spread between the prices offered to buy and sell.
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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.
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Solana has regained upward momentum, with its price climbing above $120 and technical signals improving. As of the latest session, SOL is trading at $120.38, up 3.53% over the previous 24 hours, moving in a range between $115.92 and $122.75.
Short-term momentum strengthens as SOL reclaims moving averagesSolana is now trading above both its 7-day and 30-day moving averages, signaling renewed buying interest. Data shows that the price recently surpassed these averages, with both now trending upwards. This crossover indicates that buyers are regaining control in the near term, as the 7-day moving average leads the 30-day trend.
Technical analysts note that maintaining price above these moving averages is critical for confirming sustained positive momentum. If SOL remains above this structure during any consolidation, it could support further gains. Conversely, slipping back below these averages may signal a loss of strength and increase the risk of a pullback.
Solana’s short-term trend has improved with price holding above both its 7-day and 30-day moving averages, boosting the case for further upside if buyers continue to defend those levels.
MetricCurrent ValueSpot Price$120.3824h Change+3.53%7-day MAAbove price30-day MABelow priceMajor resistance at $121.66 looms for SolanaSOL is approaching an important higher-timeframe resistance level near $121.66, a zone that previously acted as a strong support and resistance area during earlier market cycles. Recent price action shows SOL hovering just under this level, with analysts highlighting its significance as a turning point.
Historically, Solana tended to accelerate higher after reclaiming similar zones. During the 2023 rally, a breakout above a comparable resistance led to a rapid surge. A decisive weekly close above $121-$122 is needed to confirm this setup, potentially opening the way to the next resistance at $144.80. If buyers fail to secure a breakout, SOL may revisit lower support or consolidate before another attempt upward.
Analysts set $146 as next major targetOn the daily chart, analysts see a path developing toward $146.14, marking a key overhead resistance. SOL has steadily recovered from a base around the $70-$80 region and is now targeting levels last seen during previous bull runs. To maintain this trajectory, price must remain above the $120-$123 range, with further milestones at $130 and $140 before testing the $146 region.
After establishing support near $70-$80, Solana has gradually climbed, with analysts bringing the $146 level back into focus as the next significant area if current momentum holds.
Near-term caution as momentum slowsDespite holding above its recent breakout zone, short-term signs suggest the rally may be slowing. Four-hour chart readings indicate that while SOL pushed into the $121-$123 region, momentum indicators are beginning to diverge negatively. Analyst Wick points to a developing bearish divergence, where price rises outpace momentum gains, hinting at possible consolidation or a minor retracement before the next move upward.
Immediate support sits around $115, followed by a stronger barrier in the $110-$108 area. A drop below the current breakout could trigger a test of these levels. For now, the overall trend remains constructive, but momentum is not accelerating as rapidly as before.
Fundamentals provide additional supportSolana’s technical improvement is complemented by strengthening fundamentals. U.S. spot Solana exchange-traded funds (ETFs) recorded 12 consecutive weeks of net inflows, reflecting persistent institutional interest despite wider market fluctuations.
In addition, activity around tokenized equities is rising on the Solana network, reinforcing its role in the growth of real-world asset applications. Furthermore, the announcement that Alpenglow, Solana’s upcoming consensus protocol, is advancing towards a testnet has provided a further boost to sentiment.
Mini dictionary: Alpenglow is a planned consensus protocol for Solana that aims to enhance scalability, speed, and reliability of network transactions. It is currently in development, with testnet deployment underway as of mid-2024.
Turning $120 into support remains keySolana faces a pivotal test in converting the $115-$120 area from resistance into support. Successfully establishing this level as a base would strengthen prospects for further gains, bringing $125-$130 and potentially $140-$145 back into focus. If, however, price drops below $115, a retracement toward $110 or even $108 is possible before another recovery can take shape.
NEAR briefly surges past $5.4, logging a nearly 10% gain in 24 hours.
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Data: Uniswap processed over 60% of all tokenized stock DEX trades in the past 30 days.
According to data from Token Terminal, tokenized stocks recorded $20.9 billion in trading volume on decentralized exchanges (DEXs) over the past 30 days. Uniswap V4 led the market with a 40.7% share, followed by V3 with 19.4%. The two platforms combined hold a 60.1% market share, corresponding to roughly $12.6 billion in trading volume.
The Solana Foundation announced the appointment of two new executives on 24 September 2026, naming Rachel Conlan as chief strategy officer and Jamal Raees as general manager of payments. The foundation clarified that these hires address internal organizational priorities and do not change the economic structure or rights associated with the SOL token.
Leadership focused on growth and payments adoptionSolana Foundation, a non-profit organization responsible for supporting the Solana blockchain ecosystem, highlighted the commercial focus underpinning its latest appointments. Rachel Conlan will oversee strategy, partnerships, and growth efforts, while Jamal Raees is set to lead initiatives aimed at expanding payment use cases.
According to the Solana Foundation, both Conlan and Raees bring significant experience from digital asset and payments sectors. Their expertise is expected to support the foundation’s push into broader adoption across strategic and commercial verticals. However, the foundation did not state that these hires signal the immediate launch of any specific payment corridor or new institutional partner.
Mini dictionary: Solana Foundation, the non-profit steering the development and support of the Solana blockchain network, coordinates ecosystem partnerships, resources, and new initiatives while advocating for the network’s broader adoption.
The appointments come at a time when payment infrastructure across the blockchain space faces scrutiny over practical outcomes such as settlement times, cost efficiency, and reliability. Advances in these areas are often measured in terms of direct consumer adoption and concrete service launches, rather than leadership changes or institutional statements.
Market impact and expectations for SOL holdersDecisions relating to foundation leadership, network maintenance, and the market performance of SOL remain separate issues. The Solana Foundation did not issue a new price forecast or imply that the appointments would automatically boost token demand.
Institutional expansion continues to be framed as a goal, but the added leadership does not reduce longstanding technical and operational dependencies that influence the Solana network. Market observers often seek evidence of new services or infrastructure as proof points, differentiating verifiable developments from aspirational growth narratives.
While the foundation’s announcements outline strategic ambitions, investors are advised to focus on measurable progress, such as officially launched services or clearly tracked adoption metrics, rather than interpret internal organizational moves as investment signals.
Aggregate blockchain transaction data can reflect various on-chain activities beyond consumer spending, and the presence of tokenized assets does not guarantee widespread payment use among holders. Clear product rollouts and transparent service terms typically carry more weight in evaluating adoption trends.
Confirmation of priorities, not token economicsThe Solana Foundation stressed that these appointments target the group’s strategic and organizational goals. There is no change to the fundamental economic rights or functions of the SOL token associated with this announcement.
Further updates regarding product launches or expanded payment corridors were not included in this release. Any identifiable progress will likely be announced separately if and when it materializes.
The foundation positions its new leaders as key to driving growth but emphasizes that long-term network performance depends on practical results and transparent follow-through.
Cover image via youtu.be 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.
Solana co-founder Anatoly Yakovenko drew the industry's attention to the next major step in blockchain evolution with a brief comment on the latest release: "You're not ready for this."
The comment followed the successful migration of Solana's developer network (devnet) to the new Alpenglow consensus protocol by Anza engineers. The upgrade, which radically changes how blocks are processed, is designed to reduce transaction finality time from ~12.8 seconds to 100–150 milliseconds.
Solana co-founder reacts to the Alpenglow devnet activation, Source: Anatoly Yakovenko via X.com You Might Also Like
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The update replaces the longstanding TowerBFT algorithm with Votor, a voting system developed with researchers from ETH Zurich and approved by validators under SIMD-0326. Its main innovation is moving validator coordination off-chain.
Solana is being reworked under the hood: Why it's needed and how it will affect the speed of everyday transfersUntil now, technical vote transactions have taken up as much as 75% of Solana's block capacity. They are now aggregated into compact cryptographic BLS certificates. This frees up that hidden network capacity for user transactions and lowers costs for node operators. The virtual machine (SVM) and smart contract structure remain unchanged.
According to Anza, the protocol activation (Alpenswitch) on devnet took place at epoch 1167 after a 17-minute countdown; the system had been deployed on testnet the day before. The new consensus uses a "20+20" fault-tolerance model, remaining stable even if one-fifth of validators go offline while another 20% of nodes are under attack.
When validators representing at least 80% of the stake respond, finality takes ~100 ms; in fallback mode, it takes ~150 ms.
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The September release of Alpenglow on public clusters opens a testing phase for dApps where response speed is critical, including payment systems and Web3 games.
The timeline for integration into mainnet-beta has not been disclosed while stability monitoring is underway. However, the technological foundation for Solana's transition to sub-second finality is now in place.
Solana price held above $120 after breaking the threshold for the first time since January. The token gained about 8% over the past week, extending its recovery from $75 in early August.
The top coins like XRP price, BTC, and ETH are seeing slight consolidation.
Several attempts to clear $120 had failed earlier this week, making Friday’s move a breakout.
The rally puts $130 in focus if the price of SOL maintains its position above $120. Still, the Solana price remains slightly lower this year and about 58% beneath its January 2025 peak near $294.
Alpenglow Upgrade Targets 150 Milliseconds as Devnet Testing Begins Solana’s Alpenglow upgrade is now active on devnet, a testing network where developers can check applications before mainnet deployment. Anza announced the transition on September 25, following a successful switch on testnet a day earlier. At the handoff, the network produced its Alpenglow genesis block and retired the older TowerBFT consensus system.
The upgrade aims to cut transaction finality from about 12.8 seconds to roughly 150 milliseconds. Faster finality could help exchanges credit deposits sooner and let payment applications confirm purchases more quickly.
Alpenglow is officially running on devnet ⛰️🎉
The handoff completed at slot 504148999: Alpenglow genesis block formed and TowerBFT is retired.
App developers: test your programs and integrations now during our observation period leading up to mainnet-beta migration. pic.twitter.com/lNgC0Y4xoF
— Anza (@anza_xyz) September 25, 2026
Developers have been asked to test their programs and integrations during the observation period. Mainnet activation remains pending, so the speed improvement has yet to reach everyday users’ transactions.
Solana Price Holds Rising Channel With $130 Target in Sight The SOL price soared to $121.19 on September 26, extending a recovery visible on the four-hour chart.
The chart shows SOL rising within an ascending channel over recent sessions. The relative strength index stood at 63.09, showing continued momentum without placing the indicator in overbought territory.
The Chaikin Money Flow registered 0.09, indicating positive money flow during the advance.
Source: TradingView Recent highs and the channel’s upper boundary place the next test around $123 to $125. A sustained move above that area could bring the chart’s $130 target into view as per the Full SOL forecast report. That would represent roughly 7.3% upside from $121.19.
The $120 level provides immediate support if Solana price pulls back. A drop below it would shift attention to the marked $115 support level.
US Solana ETFs Record Historic $86.67M Daily Inflow The U.S. spot Solana ETF market recorded $86.67 million in net inflows on September 25, marking a record daily haul.
Bitwise’s BSOL led demand with $55.73 million, while Grayscale’s GSOL attracted $18.47 million.
Morgan Stanley’s MSOL added $5.96 million, followed by Fidelity and VanEck products.
Source: Sosovalue data Weekly inflows reached $181 million, the second-highest total ever, according to SolanaFloor.
SoSoValue placed total inflows at $1.61 billion and total net assets at $1.96 billion.
The funds generated $202 million in trading value as demand for Solana exposure strengthened across listed U.S. investment products.
Solana [SOL] finally cleared the $119 resistance after several failed attempts, reaching $122 for the first time since January. Six consecutive trading sessions of Spot ETF inflows gave the move another source of support.
Are Solana ETF inflows helping SOL rally? Solana [SOL] had already shown strength when AMBCrypto reported it had risen to $116. At the time, Spot ETFs had recorded two sessions of net inflows.
The streak continued. On the 25th of September, Daily Net Inflows reached roughly $86 million. Bitwise led with over $55 million, followed by Grayscale at $18 million.
Source: SoSoValue None of the nine funds recorded net outflows that day. Since the 18th of September, Solana ETFs have attracted more than $235.8 million across six trading sessions.
That steady demand may have helped SOL push through resistance. The question now is whether buyers in the wider market are following through.
Are SOL buyers outpacing profit takers? Earlier, AMBCrypto noted that ETF inflows were rising while holders were taking profits. SOL subsequently fell to $112 before starting another climb.
This time, selling pressure appeared to ease. Solana’s Delta stayed positive for two consecutive days, rising from 560,000 to 4.8 million on the 26th of September.
Source: CoinAnk That jump pointed to stronger buying pressure. Exchange Netflow also turned negative, reaching approximately -$9.07 million after two days of positive readings.
Source: CoinGlass The shift suggested that more SOL left exchanges than entered them. Still, the breakout faces a more immediate test at $120.
Can Solana hold above $120? SOL’s recovery from $112 and move past $119 put buyers back in control for now. Continued ETF inflows and positive Delta could help the rally extend toward $130.
First, SOL needs to hold $120. If it slips below that level, $115 could come back into focus.
Final Summary Solana broke past $119 and reached $122 as Spot ETF inflows continued for six trading sessions. SOL’s positive Delta and negative Exchange Netflow suggested stronger buying, with $120 now the level to watch.
An unidentified whale wallet has moved 500,000 $SOL tokens directly to @Binance, according to on-chain data flagged by @whale_alert. The transfer, worth approximately $60.47 million at the time of the transaction, is drawing attention from traders who interpret exchange deposits of this size as a likely precursor to selling.
A Move That Markets Cannot Ignore When a wallet of this scale routes tokens to a centralised exchange rather than a private wallet or staking contract, the market typically reads it as preparation to sell. The logic is straightforward: tokens sitting in self-custody or in staking protocols are largely removed from immediate selling pressure, while tokens deposited to an exchange are available for liquidation within minutes.
The sheer scale of the transfer amplifies the concern. At roughly $60.47 million, the position is large enough to move order books if executed as a single market order, though sophisticated sellers typically work through over-the-counter desks or algorithmic strategies to minimise slippage.
SOL Context and Market Backdrop The timing is notable. A concentrated sell of this size, if executed on the open market, could test near-term support levels that traders have been watching closely.
Large on-chain transfers to exchanges are a recurring feature of the Solana market. , meaning the bearish read is not guaranteed. However, the absence of any publicly known reason for the transfer leaves the default interpretation firmly on the sell side.
Until the tokens move again or a sale is confirmed on-chain, the market is left watching. A deposit of this magnitude is rarely noise.
Sources:
Solana (SOL) live price and market data, Bybit
Whale Moves $446 Million in Solana from Binance in Largest Transfer of 2026, Bitcoin World
Kristin Smith will resume leadership of the Blockchain Association as interim CEO starting October 17, according to a statement released by the group on Friday. Smith will continue serving as president of the Solana Policy Institute, holding both roles simultaneously.
Leadership change and dual rolesSmith was the Blockchain Association’s first employee when it was established in 2018 and previously served as CEO until 2025. The Blockchain Association is a prominent advocacy group representing the interests of the cryptocurrency and blockchain industry in Washington, D.C.
After leaving her CEO post, Smith became the head of the Solana Policy Institute in 2025 while retaining her role as board president at the Blockchain Association. The institute focuses on policy research and advocacy for the Solana blockchain ecosystem.
According to the Blockchain Association, Smith will take over from Summer Mersinger, who steps down as CEO on October 16. The group noted that Mersinger will continue to advise the organization until the end of 2026 to ensure a smooth transition.
Emily Wilson, communications director at the Solana Policy Institute, confirmed that Smith will not relinquish her current institute position. She emphasized that Smith’s responsibilities at the SPI remain unchanged and her work with the Blockchain Association is an additional commitment.
A spokesperson for the Blockchain Association verified this arrangement, stating that Smith’s dual engagement has been planned and coordinated by both organizations.
Mini dictionary: Solana Policy Institute, a policy think tank dedicated to research and advocacy specific to the Solana blockchain ecosystem, supporting regulatory clarity and legislative engagement for projects and users within the Solana network.
Background on leadership transitionSummer Mersinger took on the CEO position at the Blockchain Association in June 2025, following her service as a commissioner with the Commodity Futures Trading Commission (CFTC). She was nominated by President Joe Biden to a Republican commissioner’s seat and was sworn in during March 2022.
During her leadership, the group advocated for industry-friendly regulation and participated actively in shaping major legislative efforts. The association reports holding more than 300 meetings with lawmakers and regulators in 2026 and organizing several member “fly-ins” to Capitol Hill.
Mersinger led the association through significant developments, including passage of the GENIUS Act and the signing of a stablecoin framework into law by President Trump in July 2025. She also represented the industry in hearings before the Senate Banking Committee, the House Financial Services Committee, and the House Ways and Means Subcommittee.
Senate setback for Clarity ActThis leadership change followed a high-profile defeat for crypto market regulation. About a week earlier, the Senate narrowly rejected the Clarity Act, a bill aimed at establishing broad market rules for the digital asset industry. The vote to advance the bill failed 49 to 50, falling short of the 60-vote threshold required to end debate. Four Republican senators opposed the measure, while no Democrats supported it.
The bill drew criticism after a last-minute revision removed explicit protections for software developers from criminal liability under 18 U.S.C. 1960. Jason Somensatto, head of policy at nonprofit research firm Coin Center, criticized the revision as “deeply disappointing.”
Mersinger expressed pride in the association’s progress: “I’m proud of how far we’ve come together, from the GENIUS Act to real regulatory clarity at the SEC and CFTC,” and noted that Smith “built this association from the ground up.”
In addition, eighteen state attorneys general, led by New York Attorney General Letitia James, warned that the Clarity Act could weaken enforcement against state-level fraud.
Smith called her return to leadership “personal for me” and highlighted Mersinger’s service during a critical time for the crypto industry.
TLDR: Bitcoin ETFs attract $2.4 billion for the strongest week since October 2025, turning 2026 net flows positive at $934.1 million. BlackRock’s IBIT leads issuers with $1.2 billion, while Fidelity’s FBTC adds $701.7 million and ARKB receives $294.7 million. Ether ETFs reverse a $140 million outflow with $689.9 million in inflows, taking 2026 net additions to about $1.6 billion. Solana ETFs register a record $86.7 million inflow as weekly demand reaches $188.2 million and assets rise to $1.5 billion. U.S. Bitcoin ETFs drew $2.4 billion in net inflows during the week ending Sept. 25. That marks their strongest weekly result since October 2025. The demand pushes their 2026 flow total back above zero. According to SosoValue data, the year-to-date inflows now reach about $934.1 million, reversing a deficit that stood near $5.8 billion two months earlier, in mid-July.
Monday provides the week’s largest daily share with a $999 million inflow. Daily additions then slow through Friday, but the funds extend their streak to seven sessions. Ether ETFs reverse the previous week’s outflow, while Solana ETFs record their largest single-day intake since their October 2025 launch.
Bitcoin ETFs Extend Seven-Day Inflow Streak to $3 Billion The 12 Bitcoin ETFs collect $714.7 million on Tuesday after Monday’s near-billion-dollar opening. They add $347 million on Wednesday, $190.6 million on Thursday, and $134.5 million on Friday. That sequence takes the seven-session run, which starts September 17, to $3 billion.
Spot Bitcoin ETF Volume Market Share, Source: The Block The prior week brings Bitcoin ETFs only $6.2 million, despite a $433 million Friday addition. Monday’s $999 million total ranks as the ninth-largest daily intake since these products launched in January 2024. It also marks their largest daily result since October 6, 2025. Each session records inflows.
BlackRock’s IBIT leads weekly demand with $1.2 billion, its second-largest weekly intake since October 2025. Fidelity’s FBTC follows with $701.7 million, its best result since the week of September 8, 2025. Ark and 21Shares’ ARKB receives $294.7 million, with most arriving during Monday’s session.
Morgan Stanley’s MSBT adds $203.3 million, setting a weekly record since its April debut. Its previous high was $71.1 million in mid-April. These allocations spread demand beyond the two largest funds, although IBIT and FBTC still account for most of the total.
Bitcoin ETFs hold $108.4 billion in net assets by Friday. Bitcoin ETFs’ cumulative inflows reach $57.6 billion since launch. Weekly trading volume falls to $15 billion from $16.2 billion, even as subscriptions rise. The funds therefore attract more new capital during a week with less secondary-market turnover.
The latest run follows the Treasury Department’s plan to increase buybacks of long-dated bonds. Market commentary links $5.3 billion in Bitcoin ETF inflows since the Treasury announcement to the buyback plan. The timing provides liquidity context for the reversal, although fund data do not establish a single cause.
Ether and Solana ETFs Record Strong Weekly Inflows Ether ETFs collect $689.9 million during the week after losing about $140 million in the prior period. Monday brings $270 million, their strongest daily result since October 7, 2025. Daily additions then range from $66 million to $162.3 million across the next four sessions.
BlackRock’s ETHA leads with $326.2 million, while Fidelity’s FETH attracts $174 million. Grayscale’s Ethereum Mini Trust adds $100.3 million. BlackRock’s ETHB receives $47.5 million, including $31.9 million on Friday.
Ether ETFs now show about $1.6 billion in net inflows for 2026. Net assets reach $17.8 billion, while cumulative inflows since launch stand at $13.9 billion. Weekly trading volume declines to $4.8 billion from $6.9 billion.
Solana ETFs take in a record $86.7 million on Friday, their largest daily inflow since launching in late October 2025. Bitwise’s BSOL supplies $55.7 million, or about 64% of that amount. Weekly inflows reach $188.2 million, trailing only the products’ $199.2 million launch week.
Friday’s record closes a week that finishes $11 million below the launch-period peak. Combined fund assets rise by $300 million, or about 25%, across the same period. That increase takes the group from $1.2 billion to a record $1.5 billion. BSOL holds about 71% of those assets.
Spot XRP ETFs add $75.6 million for the week. Grayscale’s Zcash fund briefly crosses $1 billion in net assets on Thursday, expanding the week’s inflows beyond Bitcoin, Ether, and Solana products.
PAID official announcement: The platform has successfully distributed $1.44 million to X Money users via its token creator fee automatic revenue-sharing tool. Paid previously launched its token issuance feature on Pons on the 19th. The official stated that 80% of fees will be sent to X users via X Money, while 20% will be converted to SOL for PAID token buybacks. Token issuers can send fees via X Money by adding an X Handle to their project description. Additionally, celebrities on X do not even need to register for Paid or provide consent to receive fund distributions through X Money. According to GMGN market data, PAID’s market cap on Solana has now exceeded $40 million, with a 24-hour increase of over 360% and trading volume of $32.8 million in the same period. On-chain data shows that Frank DeGods, founder of DeGods, purchased PAID approximately four days ago, investing roughly $145,000 to $169,000 and holding tens of millions of tokens. BlockBeats reminds users that related token prices are highly volatile, so investment requires caution.
Former X product lead Nikita praised: "Paid’s token fee split to celebrity X Money accounts is a highly creative solution." However, if someone does not want to be associated with a particular token, they should be allowed to opt out or disassociate. I can imagine traders harassing users to promote the product and help send spam replies. Paid’s newly launched permissionless token fee split feature to X Money accounts has sparked widespread community discussion. The official states that 80% of fees will be sent to X users via X Money, while 20% will be converted to SOL for PAID token buybacks. Creators can add an X Handle to their project’s text description to send fees via X Money. Celebrities on X do not even need to register for Paid or provide consent to receive fund distributions through X Money; some have even joked their X Money accounts are under DDoS attacks from the constant fee split deposit notifications. PAID’s official announced today that it has successfully distributed $1.44 million to X Money users via its token creator fee auto-splitting tool. According to GMGN market data, PAID’s market cap on Solana has today surged past $40 million, with a 24-hour increase of over 360% and trading volume reaching $32.8 million in the same period. BlockBeats reminds users that related tokens are highly volatile, so investment requires caution.
Solana’s 150-millisecond settlement upgrade reaches second public test network. (Solana)Summary
Solana’s Alpenglow upgrade, which aims to cut transaction settlement time to about 150 milliseconds from 12.8 seconds, is now active on its devnet and testnet.The upgrade changes how validators reach agreement and will remove validator votes from blocks, reducing reported transaction totals even if user activity remains unchanged.Alpenglow’s mainnet launch has not been scheduled, and its speed target has yet to be sustained under live-market conditions.Solana’s planned upgrade to make payments final in a fraction of a second has reached its public developer network, giving application teams a place to test before it reaches the blockchain carrying real money.
Called Alpenglow, the upgrade targets roughly 150 milliseconds for finality, the point at which a transaction can no longer be reversed, compared with about 12.8 seconds under the existing system.
That could shorten the wait for an exchange to release deposited funds or a payment app to tell a merchant a sale is complete.
Anza, the company building Solana’s core software, announced the developer-network switch on Sept. 25, a day after the separate testnet completed its transition. The Solana Foundation’s upgrade page lists Alpenglow as active on both networks.
Developers use the developer network, or devnet, to check applications with tokens that have no real value. The separate testnet is used primarily to stress-test network software and validator operations.
Read More: Solana starts testing upgrade that could cut finality from 12.8 seconds to 150 milliseconds
Alpenglow changes how validators, the computers that check transactions, agree on the network’s records. They will exchange votes directly instead of recording those votes as transactions inside blocks, the batches of transactions added to the blockchain. Agreement can then take one or two voting rounds.
Removing those votes will also make some Solana activity charts fall. Transaction totals that include validator votes will shrink even if users make just as many payments and trades. The Foundation has told data providers to adjust their comparisons.
Services that build transaction histories also need to keep competing candidate blocks separate until the network selects one. Mixing their contents could produce an incorrect record.
Applications that simply send transactions and read account balances require no migration, according to the Foundation’s guide.
The speed figure remains a target derived from simulations, rather than a demonstrated result under live-market conditions. Wallet processing and exchanges’ own deposit checks can add further waiting time.
No firm launch date has been announced for the live network. Anza’s software schedule tentatively allows feature activations to resume Sept. 28, but does not identify that date as Alpenglow’s launch.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
CZ: Does not oppose Hyperliquid, welcomes more DEXes to compete.
Binance founder Changpeng Zhao (CZ) told the "When Shift Happens" podcast that he does not oppose Hyperliquid and welcomes more centralized and decentralized exchanges to pursue innovation, noting the crypto industry is far from saturated. Zhao estimated that roughly 5% to 15% of the global population holds some crypto asset, but when measured as a share of individual wealth, crypto penetration is less than 1%, meaning the sector remains in its early stages. CZ added that some Hyperliquid community members are attempting to build their own communities by criticizing centralized exchanges and Binance, but he views this as normal competition and has no objections to the project. He also noted that former U.S. President Donald Trump’s recent mention of Hyperliquid is a positive development for the industry, with assets including HYPE, BNB, and Bitcoin all poised to benefit from the sector’s overall growth. Additionally, CZ pointed out that first movers do not always emerge as the biggest long-term winners, citing examples like Google, Facebook, and Binance—none of which were the first products in their respective fields, and later entrants often optimize on the foundation laid by pioneers. Despite holding large stakes in Binance and significant BNB holdings, centralized exchanges represent only a portion of his asset allocation; rather than focusing on expanding a single platform, he prioritizes driving the growth of the entire crypto industry.
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Bitget CEO Gracy Chen posted that attacker addresses linked to the exchange’s security incident have been made public and are under ongoing tracking. Bitget is now formally requesting THORChain to deny services to these addresses. “Decentralization is a design principle, and it should not serve as a shield to facilitate the flow of known stolen funds,” Chen said. She added that the entire cryptocurrency industry is monitoring THORChain’s handling of the matter.
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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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U.S. spot Bitcoin exchange-traded funds took in $2.39 billion during the Sep. 21–25 trading week, with net inflows on all five days. Spot Ether ETFs added $689.8 million, while Solana funds drew $188.1 million.
Summary
Bitcoin ETFs recorded $2.39 billion in weekly net inflows, led by a $999 million Monday. BlackRock’s IBIT drew $1.16 billion, the most among Bitcoin funds. Ether ETFs added $689.8 million across five positive sessions. Solana ETF inflows reached $188.1 million, with $86.7 million arriving Friday. According to Farside Investors, Monday’s $999 million was the largest daily Bitcoin ETF inflow of the week. The funds then added $714.7 million on Tuesday, $346.9 million on Wednesday, $190.7 million on Thursday and $134.5 million on Friday.
BlackRock leads Bitcoin ETF inflows BlackRock’s iShares Bitcoin Trust, or IBIT, collected $1.16 billion over the five sessions, based on Farside’s daily fund figures. Fidelity’s FBTC followed with $701.6 million, while ARK 21Shares’ ARKB added $294.7 million. Morgan Stanley’s MSBT drew $203.3 million.
Monday accounted for nearly $1 billion of the Bitcoin funds’ $2.39 billion weekly total. IBIT received $381.4 million that day, while ARKB took in $289.1 million and FBTC added $238.8 million. Tuesday brought another $350.3 million to IBIT and $257.4 million to FBTC.
The pace slowed later in the week, but the combined funds remained positive through Friday. IBIT posted an inflow on every trading day. The weekly total also exceeded the prior week’s roughly $6.1 million net inflow, which included sharp withdrawals on Sep. 15 and 16 before flows recovered.
Bitcoin’s price moved above $87,000 earlier in the week before pulling back. crypto.news reported on Friday that BTC was holding near $84,000 despite continued ETF inflows. The fund data show sustained net buying through the price retreat; they do not establish how much of the price move came from ETF demand.
Ether funds reverse the previous week’s outflow U.S. spot Ether ETFs recorded $689.8 million in net inflows from Sep. 21 through Sep. 25, according to Farside’s Ether data. The funds added $270 million on Monday, followed by $162.2 million, $104.5 million, $66.1 million, and $87 million over the next four sessions.
The result reversed the previous week’s roughly $140.6 million net outflow. BlackRock’s ETHA led this week’s gains with $326.2 million, while Fidelity’s FETH took in $174.1 million. BlackRock’s staking fund ETHB added $47.5 million.
Monday’s $270 million was Ether ETFs’ strongest day of the week. ETHA received $110.1 million, FETH added $73 million, and Grayscale’s lower-fee ETH fund drew $59.3 million. Daily inflows became smaller as the week progressed, though the group finished each session in positive territory.
Solana ETFs finish with their strongest day Spot Solana ETFs drew $188.1 million for the week, based on Farside’s Solana figures. Their daily net inflows were $26 million on Monday, $28.9 million on Tuesday, $13.7 million on Wednesday, $32.8 million on Thursday, and $86.7 million on Friday.
Bitwise’s BSOL accounted for $128.4 million of the weekly total. It received $55.7 million on Friday, when Grayscale’s GSOL added $18.5 million, and Morgan Stanley’s MSOL took in $6 million.
Across the Bitcoin, Ether and Solana products tracked in Farside’s three tables, net inflows totaled approximately $3.26 billion for Sep. 21–25. Bitcoin funds accounted for about 73% of that combined figure.
According to GMGN market data, the Solana-based meme coin e/acc hit a market cap of $29 million and a trading volume of $55.5 million just 9 hours after its launch. The token uses UsePaid, a tool for automatic creator fee distribution, to pay generated creator fees to Silicon Valley influencer Beff Jezos (@beffjezos) on X. The real identity behind the account is widely believed to be Guillaume Verdon, a former Google X quantum computing and quantum machine learning engineer who later founded AI hardware firm Extropic. Verdon is more famous for his e/acc (effective accelerationism) slogan than his personal profile: the ideology of pushing AI, energy, and growth to their limits through technology and capital. After the e/acc meme coin launched today, Verdon initially claimed the X Money account was under DDoS attack, but later clarified that the funds would likely be used for e/acc-related non-profit activities. Notably, Verdon has no official issuance connection to the token; he is merely named and receives funds passively. BlockBeats reminds users that most meme coins lack real use cases, exhibit extreme price volatility, and caution is required for investments.
CZ: Does not oppose Hyperliquid, welcomes more DEXes to compete.
Binance founder Changpeng Zhao (CZ) told the "When Shift Happens" podcast that he does not oppose Hyperliquid and welcomes more centralized and decentralized exchanges to pursue innovation, noting the crypto industry is far from saturated. Zhao estimated that roughly 5% to 15% of the global population holds some crypto asset, but when measured as a share of individual wealth, crypto penetration is less than 1%, meaning the sector remains in its early stages. CZ added that some Hyperliquid community members are attempting to build their own communities by criticizing centralized exchanges and Binance, but he views this as normal competition and has no objections to the project. He also noted that former U.S. President Donald Trump’s recent mention of Hyperliquid is a positive development for the industry, with assets including HYPE, BNB, and Bitcoin all poised to benefit from the sector’s overall growth. Additionally, CZ pointed out that first movers do not always emerge as the biggest long-term winners, citing examples like Google, Facebook, and Binance—none of which were the first products in their respective fields, and later entrants often optimize on the foundation laid by pioneers. Despite holding large stakes in Binance and significant BNB holdings, centralized exchanges represent only a portion of his asset allocation; rather than focusing on expanding a single platform, he prioritizes driving the growth of the entire crypto industry.
10 minutes ago
Bitget CEO: Formally Requests THORChain to Deny Services to Attacker Addresses
Bitget CEO Gracy Chen posted that attacker addresses linked to the exchange’s security incident have been made public and are under ongoing tracking. Bitget is now formally requesting THORChain to deny services to these addresses. “Decentralization is a design principle, and it should not serve as a shield to facilitate the flow of known stolen funds,” Chen said. She added that the entire cryptocurrency industry is monitoring THORChain’s handling of the matter.
10 minutes ago
A trader made over $320,000 in profits trading MASK within two days, with a return rate of 318%.
According to Lookonchain's monitoring, trader "OuterHeavyBat" made over $320,000 in profits from MASK in just 48 hours, with a return rate of 318%.
10 minutes ago
Early $AAVE whale sells 30,000 tokens ($4.41M) at $147 average price
An early $AAVE whale sold 30,000 $AAVE ($4.41M) at an average price of $147 over the past 2 days.
10 minutes ago
A crypto whale sold 30,000 AAVE tokens over the past two days, worth approximately $4.41 million.
According to Lookonchain’s monitoring, an early AAVE whale sold 30,000 AAVE over the past two days at an average price of $147, totaling approximately $4.41 million.
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.
Solana’s Alpenglow upgrade has reached its public developer network, letting application teams test a system designed to cut transaction finality from about 12.8 seconds to roughly 150 milliseconds.
Summary
Alpenglow is active on Solana’s devnet and testnet, while mainnet still uses the current consensus system. The upgrade replaces onchain validator vote transactions with direct votes that can finalize a block in one or two rounds. Applications that only send transactions and read balances need no migration, but block-data services must update their systems. Anza has announced no firm date for Alpenglow’s mainnet activation. According to the Solana Foundation’s upgrade page, Alpenglow is now active on devnet and testnet but has not been activated on mainnet. Anza, which develops Solana’s core validator software, announced the devnet switch on Sept. 25, one day after testnet completed its transition.
The two networks serve different parts of the rollout. Application teams can use devnet to check how their software behaves with tokens that have no real value, while testnet gives validators and infrastructure operators a place to test the network software under more demanding conditions.
For developers, the new devnet stage means they can check applications against Alpenglow without waiting for the system to reach the blockchain that handles users’ funds. Solana’s mainnet continues to use TowerBFT, so the 150-millisecond figure remains a target for the planned upgrade rather than a finality time available to users today.
Solana’s Alpenglow changes how validators finalize blocks Under TowerBFT, validators submit votes as transactions that appear inside blocks. Enough votes must accumulate across 32 slots before a block becomes final, which currently takes about 12.8 seconds, according to the Foundation.
Alpenglow’s first phase, called Votor, has validators send votes directly to one another instead. The Foundation says a block can reach finality after one voting round if validators representing at least 80% of stake vote to accept it. A second round provides another path when the first does not meet that threshold.
Finality is the point at which the network has agreed on a transaction strongly enough that it can no longer be reversed under its consensus rules. A faster result could matter to a U.S. exchange deciding when to credit a Solana deposit or to a payment provider deciding when to treat a merchant’s sale as complete. Each service may still apply its own checks before releasing funds or confirming a payment to a customer.
The Foundation separates finality from the time it takes to produce a block. In September, Solana reduced its target slot time from 300 milliseconds to 250 milliseconds, with a further reduction to 200 milliseconds planned under a separate upgrade. Shorter slots change how often the network can produce them; Alpenglow changes how validators agree that a block is final.
A previous crypto.news report covered the testnet preparations on Sept. 23, when developers were preparing Agave 4.3 for the public test. The move to devnet now gives application teams access to the upgraded consensus system in the network they commonly use for development.
Block-data services face changes before mainnet For an application that sends transactions and reads account balances, the Foundation says Alpenglow requires no migration. Transaction execution, fees, and the formats used to send transactions remain the same under the consensus upgrade.
Services that build transaction histories have more work to do. Alpenglow can expose competing candidate blocks for the same slot before the network selects one. The Foundation tells data providers to keep those candidates separate, then retain the block that reaches confirmation. Combining transactions from different candidates could leave an explorer or other service with an incorrect record.
Validator votes will also disappear from blocks because they will no longer be submitted as transactions. As a result, a chart that counts both user transactions and validator votes will show a lower transaction total after activation even if users make the same number of payments and trades. The Foundation has told data providers to reset comparisons and alerts built on the old figures.
Some services also read validator participation from vote transactions. Under Alpenglow, the Foundation says that information moves to certificates attached to block data, requiring those services to change where they obtain it. Operators using Solana’s Geyser or gRPC data streams must also account for the identifiers that distinguish candidate blocks within a slot.
The changes make devnet testing relevant to exchanges, explorers and other firms that rely on transaction records, including U.S. services connected to Solana. Their deposit rules remain their own operational decision; the network upgrade does not automatically change when a platform makes funds available.
Mainnet activation still has no firm date Solana’s earlier Alpenglow roadmap tied the proposed mainnet rollout to Agave 4.3 and an October target. Neither the testnet transition nor the devnet activation sets a confirmed date for the live-network switch.
Anza’s software schedule tentatively allows mainnet feature activations to resume on Sept. 28. The schedule does not identify that day as Alpenglow’s activation date, and the Foundation’s status page still lists the upgrade as inactive on mainnet.
The Foundation describes Votor as the first phase of Alpenglow. A later phase, Rotor, is planned to replace the system used to spread blocks across the network. The current rollout concerns the voting and finality changes, while the roughly 150-millisecond target comes from testing and simulations rather than transactions settled under live-market conditions.
CZ: Does not oppose Hyperliquid, welcomes more DEXes to compete.
Binance founder Changpeng Zhao (CZ) told the "When Shift Happens" podcast that he does not oppose Hyperliquid and welcomes more centralized and decentralized exchanges to pursue innovation, noting the crypto industry is far from saturated. Zhao estimated that roughly 5% to 15% of the global population holds some crypto asset, but when measured as a share of individual wealth, crypto penetration is less than 1%, meaning the sector remains in its early stages. CZ added that some Hyperliquid community members are attempting to build their own communities by criticizing centralized exchanges and Binance, but he views this as normal competition and has no objections to the project. He also noted that former U.S. President Donald Trump’s recent mention of Hyperliquid is a positive development for the industry, with assets including HYPE, BNB, and Bitcoin all poised to benefit from the sector’s overall growth. Additionally, CZ pointed out that first movers do not always emerge as the biggest long-term winners, citing examples like Google, Facebook, and Binance—none of which were the first products in their respective fields, and later entrants often optimize on the foundation laid by pioneers. Despite holding large stakes in Binance and significant BNB holdings, centralized exchanges represent only a portion of his asset allocation; rather than focusing on expanding a single platform, he prioritizes driving the growth of the entire crypto industry.
10 minutes ago
Bitget CEO: Formally Requests THORChain to Deny Services to Attacker Addresses
Bitget CEO Gracy Chen posted that attacker addresses linked to the exchange’s security incident have been made public and are under ongoing tracking. Bitget is now formally requesting THORChain to deny services to these addresses. “Decentralization is a design principle, and it should not serve as a shield to facilitate the flow of known stolen funds,” Chen said. She added that the entire cryptocurrency industry is monitoring THORChain’s handling of the matter.
10 minutes ago
A trader made over $320,000 in profits trading MASK within two days, with a return rate of 318%.
According to Lookonchain's monitoring, trader "OuterHeavyBat" made over $320,000 in profits from MASK in just 48 hours, with a return rate of 318%.
10 minutes ago
Early $AAVE whale sells 30,000 tokens ($4.41M) at $147 average price
An early $AAVE whale sold 30,000 $AAVE ($4.41M) at an average price of $147 over the past 2 days.
10 minutes ago
A crypto whale sold 30,000 AAVE tokens over the past two days, worth approximately $4.41 million.
According to Lookonchain’s monitoring, an early AAVE whale sold 30,000 AAVE over the past two days at an average price of $147, totaling approximately $4.41 million.
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.
US spot Solana ETFs just posted their best day ever. On September 25, net inflows hit approximately $80M to $87M across the category, more than doubling the previous single-day record of $33.5M set in August. Weekly inflows reached $181M, a figure that suggests this wasn’t a one-off burst but the peak of a sustained multi-week buying trend.
For a product category that didn’t exist a year ago, the numbers are striking. Cumulative net inflows across all US spot Solana ETFs have now crossed $1.6B, with total assets under management sitting between $1.8B and $1.96B.
Bitwise’s BSOL is running away with the category Bitwise’s staking-enabled Solana ETF attracted roughly $55.7M of the day’s inflows, capturing about two-thirds of the total. Since the funds launched on October 28, 2025, BSOL has hoovered up approximately 80% of cumulative inflows, translating to around $1.22B of the category’s $1.6B total.
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Grayscale’s GSOL came in a distant second on the day, adding about $18.5M. Fidelity’s FSOL and Morgan Stanley’s MSOL contributed smaller amounts.
Why staking is the differentiator These funds don’t just offer passive exposure to SOL’s price. They generate yield by staking the underlying tokens on the Solana network, giving institutional investors something Bitcoin ETFs structurally cannot: a return on top of price appreciation.
SOL was trading near $120 during the record inflow period. That price level represents a recovery from earlier volatility but remains well below the token’s all-time highs.
What the flow trajectory signals The previous daily record was $33.5M, meaning the new high represents roughly a 2.4x jump. Total AUM between $1.8B and $1.96B puts the category in a range where it starts to matter for portfolio construction, and breaching the $2B mark could unlock a new wave of buyers who were previously sitting on the sidelines waiting for the category to mature.
Bitwise’s 80% share of cumulative inflows is remarkable. If Grayscale, Fidelity, or Morgan Stanley adjust their fee structures or staking strategies, the category could become more competitive. For now, BSOL’s dominance means Bitwise is effectively setting the terms for how institutional Solana exposure gets packaged and sold in the US market.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
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.
Backpack CEO Armani Ferrante has laid out a plan to expand tokenized stock access on Solana from about 200 symbols to 10,000, with shares moving between brokerage accounts and decentralized finance through one API.
Summary
Ferrante described 10,000 stock symbols as Backpack’s next target, without giving a rollout date. Backpack already lets eligible users convert certain brokerage holdings into Solana tokens and back. The SEC’s new tokenized stock trading exemption applies only to venues that meet its conditions. According to a post shared by Solana on Sep. 26, Ferrante wants to make the full stock market available through a system that connects conventional securities accounts with DeFi applications.
“Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana,” Ferrante said in the clip shared by Solana.
Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi.… pic.twitter.com/KF5Zi26a9b
— Solana (@solana) September 26, 2026 He described a single API through which a real share could move from a brokerage account into DeFi and back. Ferrante called the move from 200 to 10,000 symbols “the next leap,” though the post did not identify a launch date or set out which stocks would be added first.
The 200-symbol figure comes from Ferrante’s description of the starting point. The post does not establish that Backpack Securities has already issued 200 separate tokenized stocks on Solana, so the proposed expansion should not be read as a count of tokens currently in circulation.
How Backpack moves stocks onto Solana Backpack introduced its securities platform in June, saying customers could hold U.S. stocks and exchange-traded funds through a brokerage service and convert eligible holdings into tokenized securities. Depositing a supported token through Backpack Exchange converts it back into a traditional security entitlement, according to the company.
The company says its brokerage holdings are security entitlements governed by New York’s Uniform Commercial Code Article 8. Backpack also says the service supports cash dividends, corporate actions and transfers involving established brokerage infrastructure, including ACATS and Depository Trust & Clearing Corporation systems.
On Solana, Backpack-issued tokens can be held in compatible wallets and transferred between users. The company says they can also be used in DeFi applications, subject to the features and rules of the particular product and service.
A June report on SPCX covered Backpack Securities’ first tokenized SpaceX product, issued with Sunrise on Solana. Backpack said eligible holders could convert the token into the corresponding share through its brokerage route, while Sunrise provided infrastructure for issuing and distributing the token.
Backpack subsequently added tokenized versions of other U.S.-listed companies. In July, crypto.news covered its continuous trading for a group of equities available to users outside the United States, including products tied to SpaceX, Micron and SanDisk. The company said users could redeem supported Solana tokens one-for-one for the corresponding shares through its platform.
The conversion process is also described in Backpack’s Sep. 23 CoreWeave announcement. A customer can withdraw a CoreWeave holding from Backpack Exchange as a CRWV token on Solana, then deposit the token to convert it back into a brokerage holding, the company said. Backpack identified decentralized exchanges, wallets and other Solana applications where the token could be accessed.
What ownership rights Backpack describes Backpack draws a distinction between a brokerage holding and its tokenized form, even when it says the two can be converted one-for-one. In its Micron product description, the company says brokerage holders receive cash dividends and corporate actions through traditional securities infrastructure.
For holders of its tokenized Micron security, Backpack says dividend payments are reinvested into additional tokens. It says applicable corporate actions are handled through proportional changes to token balances intended to preserve the economic value of the underlying holding.
The U.S. Securities and Exchange Commission has warned that tokenized securities created by third parties do not all give holders the same rights. In a January staff statement, the agency said the rights attached to a token depend on its structure and may differ from those attached to the underlying security. The statement also distinguished tokens backed by securities held through custody arrangements from synthetic products that create different claims.
For American readers, those differences matter when comparing stock tokens with conventional brokerage positions. Backpack’s descriptions of redemption, dividends and corporate actions apply to its stated product structure; they should not be assumed to apply to every token carrying a familiar stock ticker.
Where U.S. tokenized stock rules stand On Sep. 17, the SEC granted conditional relief for certain venues to trade tokenized National Market System stocks through permissioned automated market makers and liquidity pools. The five-year framework places limits on the number of symbols and trading volume a qualifying venue may handle.
Under the SEC’s published conditions, a venue must verify that a tokenized stock gives its holder the same rights and privileges as the equivalent traditional share. When an unaffiliated third party tokenizes a company’s stock, the venue must notify the issuer and give it an opportunity to object.
The SEC also requires public, auditable smart contracts and a halt in token trading whenever the underlying stock is halted on its primary exchange. The agency’s announcement does not identify Backpack as a participating venue or state that its current products operate under the exemption.
Backpack’s U.S. plans have involved a separate corporate step as well. In September, the company’s U.S. arm appointed Kyle Samani to its board. Backpack said the former Multicoin Capital executive would support its work across regulated U.S. financial services and onchain markets; the appointment did not include a timetable for expanding its U.S. stock or tokenized asset services.
SOL reached $120.86 on September 25, marking its first breach of $120 since late January. The token has surged more than 100% from its June 2026 trough of approximately $60.39. Spot Solana ETFs in the United States recorded $32.81 million in net capital inflows, bringing cumulative assets to nearly $1.81 billion. Open interest in SOL futures expanded to $7.49 billion, representing a roughly 14% increase from early September levels. The Alpenglow protocol enhancement, designed to achieve 150-millisecond transaction finality, has been deployed across both public testing environments. Solana registered a significant price milestone on September 25, pushing above the $120 mark to reach $120.86. This represents the first instance of SOL trading at this elevation since January 29 of this year.
Solana (SOL) Price The token posted a 3.56% gain across the 24-hour trading period. Looking at the weekly timeframe, SOL advanced 7.61%, based on figures from CoinGecko.
By comparison, other leading cryptocurrencies showed more modest movement during the same window. Bitcoin hovered around $83,800, Ethereum maintained levels near $2,687, and XRP remained close to $1.57. The aggregate cryptocurrency market capitalization stood at approximately $2.97 trillion, experiencing a marginal decline throughout the day.
Strong Recovery From Mid-Year Bottom SOL bottomed out at $60.39 during June 2026. The current price of $120.86 signifies a gain exceeding 100% from that nadir.
This appreciation unfolded across multiple phases. The token advanced from roughly $97 during mid-September to surpass $112 by September 18. Throughout August, SOL delivered a 41.5% return, establishing momentum that carried into September’s rally.
Market commentator The Kobeissi Letter highlighted the development on X, noting that Solana crossed $120 for the first time since late January and has now climbed more than 100% from its yearly bottom, observing that “the crypto rally continues to broaden out.”
This methodical accumulation of gains, as opposed to a single parabolic spike, indicates that the former resistance level around $120 could potentially function as near-term price support.
Institutional Demand Through ETF Channels and Derivatives Expansion Spot Solana exchange-traded funds in the United States absorbed $32.81 million in net inflows during the September 24 trading session, the latest available data point. Bitwise’s Solana Staking ETF (BSOL) captured $27.97 million of this flow, while Fidelity’s FSOL contributed an additional $4.84 million.
Source: SoSoValue Total assets under management across these ETF products now approach $1.81 billion, according to SoSoValue tracking. Cumulative historical inflows into these investment vehicles have reached $1.52 billion.
In the derivatives market, Solana futures open interest climbed to $7.49 billion, up from approximately $6.57 billion at the beginning of September—a 14% expansion. Daily futures trading volume registered $11.76 billion over the past 24 hours, compared with $9.38 billion earlier in the month.
CoinGlass data shows approximately $21.43 million in liquidated positions during the same 24-hour window.
From a technical analysis perspective, the relative strength index currently registers at 61, while the MACD indicator shows a positive reading near 1.34. Both metrics suggest constructive short-term momentum. Market participants are monitoring the $122 to $123 zone as immediate resistance, with $130 representing the subsequent upside objective should that barrier yield.
Analyst Master of Crypto outlined a broader perspective on X, identifying approximately 703 days of accumulation followed by roughly 230 days of consolidation, stating that expansion is now underway with a longer-range target of $500.
$SOL MAY FINALLY BE ENTERING THE MOVE WE’VE BEEN WAITING FOR.
~703 days of accumulation.
~230 days of manipulation.
Now expansion is starting fast, and the major markup phase will be next.
$500 is the target.
The only question is how long it takes to get there. pic.twitter.com/KTJsFNJ1E7
— Master of Crypto (@MasterCryptoHq) September 26, 2026
Alpenglow Protocol Enhancement Deployed to Testing Infrastructure In parallel developments, Solana’s Alpenglow protocol upgrade successfully launched on its second public testing network this week. The enhancement is engineered to reduce transaction finality to approximately 150 milliseconds, a substantial improvement from the current 12.8-second settlement time.
Anza, the organization responsible for Solana’s core infrastructure development, confirmed the devnet activation on September 25, following the testnet’s completion of its transition one day earlier. The Solana Foundation’s official upgrade tracker now confirms Alpenglow’s operational status across both testing environments.
The devnet serves as a sandbox where developers can experiment with applications using valueless tokens, whereas the testnet provides a stress-testing environment for network software and validator configurations before deployment to the production mainnet blockchain.
CryptoQuant: Bitcoin's unrealized profits and take-profit volumes rise in tandem, market faces correction risk.
CryptoQuant Research Head Julio Moreno stated that amid Bitcoin’s recent rally, the market’s unrealized profit rate climbed to 33%, reaching its highest level since December 2024. At the same time, Bitcoin’s take-profit volume rose to 25,700 BTC, marking the highest level since 2026. Moreno pointed out that the simultaneous increase in the unrealized profit rate and take-profit volume typically signals that the current upward momentum is weakening, leaving the market facing a correction risk.
8 minutes ago
US SEC Commissioner Hester Peirce to Step Down on October 2nd
U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce has officially submitted her resignation and will step down on October 2. Peirce, who has served at the SEC for approximately 8 years, is known in the industry as the "Crypto Mom" for her longstanding advocacy of establishing a clear, rule-based regulatory framework for the crypto sector. Since February 4, 2025, Peirce has also served as head of the SEC’s Crypto Working Group, driving research into how existing securities laws apply to digital assets and decentralized systems. Her term as an SEC commissioner expired in June 2025, but under relevant regulations, she may continue serving for approximately 18 months until a successor is appointed. Peirce is expected to join the Regent University School of Law in Virginia in November as an associate professor, where she will conduct teaching and research in areas including federal litigation, securities regulation, and digital assets. Following her departure, the SEC will temporarily have only two Republican members: Chairman Paul Atkins and Commissioner Mark Uyeda, and the seat she is vacating may not be filled immediately.
8 minutes ago
Ansem: Airdrops remain a key catalyst for driving trading activity back on-chain.
Crypto trader Ansem stated that airdrops remain one of the strongest catalysts driving users and trading activity back on-chain. During the previous market cycle, trading terminals recorded massive trading volumes, yet many of these platforms have still not offered rewards to their users. Ansem argues that as competition between platforms to secure traders intensifies, rewarding early users will prove an effective means of building user loyalty and retaining liquidity. Past experience demonstrates that well-timed airdrops can unlock substantial on-chain activity, and he anticipates this strategy will reemerge in the current cycle.
8 minutes ago
Ten days after Arc’s mainnet launch, its DeFi total value locked (TVL) exceeds $490 million, with a 44.52% growth over the past week.
According to DefiLlama data, Circle's public chain Arc has reached $494 million in DeFi total value locked (TVL) 10 days after its mainnet launch. It grew 44.52% over the past week, ranking first in growth rate among top blockchains. In terms of DEX trading volume, the network recorded $55 million in trading volume in the past 24 hours.
8 minutes ago
A trader went long on NEAR worth $28.48 million, with an unrealized profit of $14.74 million currently.
According to monitoring by Onchain Lens, trader MK4 (@mk4_lul) currently holds open positions worth $43.63 million, with an unrealized profit of approximately $12.95 million. His largest position is a long NEAR trade: ? Holding 5.84 million NEAR tokens, valued at roughly $28.48 million; ? Average entry price: $2.35; ? Unrealized profit: ~$14.74 million; ? Cumulative historical profit and loss: ~$57.04 million (from spot and perpetual contracts).
8 minutes ago
Vitalik Buterin tests a mobile offline knowledge app, aiming to enable offline queries of all world facts.
Ethereum founder Vitalik Buterin wrote in a post that he is testing a community-developed offline local knowledge application for mobile devices. The app works significantly better than the version he built himself two months ago, though it still lags behind models running on laptops in solving challenging problems. His evaluations included queries such as "the best vegan restaurant in my current city"—notably, all such apps currently perform poorly on travel-specific questions. Buterin thanked the relevant developers, expressing anticipation for further improvements and hoping to soon be able to query any world facts he cares about without an internet connection.
