Solmate Infrastructure shares have collapsed after the company’s $300 million financing and pivot into a Solana-focused digital asset treasury, underscoring the risks facing public companies that attempted to replicate the crypto treasury model beyond Bitcoin.
The company, formerly known as Brera Holdings, announced in September 2025 that it would rebrand as Solmate and raise $300 million through a private investment in public equity transaction. The deal was backed by investors including ARK Invest, Pulsar Group, RockawayX and the Solana Foundation, and was designed to transform the Nasdaq-listed football holding company into a Solana treasury and infrastructure business.
Solmate’s original plan was to accumulate SOL, stake tokens for yield and develop Solana validator and infrastructure operations, with Abu Dhabi positioned as a strategic hub. The company also said it had agreed to acquire $50 million worth of SOL from the Solana Foundation at a 15% discount, giving it an initial treasury base for the new strategy.
The announcement initially sparked a major rally in Brera shares, reflecting investor enthusiasm around digital asset treasury companies. But that optimism has since reversed sharply. Recent reports said Solmate shares have fallen more than 90% from their post-financing highs, with some market coverage putting the peak-to-trough decline at more than 98%.
Crypto Treasury Trade Unwinds Solmate’s decline reflects a broader cooling in the digital asset treasury trade. After Strategy’s success with Bitcoin, hundreds of companies attempted to use public equity markets to accumulate crypto tokens and trade at premiums to their underlying holdings. The model worked best when token prices were rising, capital markets were open and investors were willing to pay for leveraged exposure.
Solmate faced a tougher version of that playbook. Unlike Bitcoin, Solana is generally viewed as a higher-beta asset with greater exposure to application activity, network competition and broader risk appetite. Solana has also declined significantly over the past year, reducing the value of treasury strategies tied to SOL accumulation.
The $300 million financing also created dilution concerns for existing shareholders. PIPE transactions can provide growth capital quickly, but large discounted or preferential issuances can reduce legacy shareholders’ ownership and increase scrutiny over governance. In Solmate’s case, those concerns intensified as the stock fell and disputes emerged among investors and board-linked parties.
Governance Questions Add Pressure The Financial Times reported that RockawayX sued Pulsar-linked board members, alleging self-dealing and governance failures, while Solmate accused RockawayX of making false financial claims. The company has also seen leadership disruption, with reports that key figures including economist Arthur Laffer and Chief Executive Marco Santori resigned.
The governance dispute has added to investor concerns that Solmate’s crypto pivot has not produced a durable operating business beyond the SOL treasury strategy. The company had previously held stakes in football clubs in Italy, North Macedonia, Mozambique and Mongolia, but has moved to sell or dissolve legacy assets as it redirects attention toward digital asset infrastructure.
The regulatory and market implications are significant. Public crypto treasury companies rely heavily on investor confidence, clean governance and reliable access to capital. When dilution, insider disputes or token-price weakness emerge, equity-market premiums can collapse quickly.
For the broader crypto market, Solmate’s decline is a warning that not all treasury pivots will be treated like Strategy’s Bitcoin model. Investors are increasingly distinguishing between companies with durable operating platforms and those whose value proposition depends mainly on holding volatile tokens. Solmate’s collapse shows that crypto treasury strategies can amplify upside during speculative periods, but can also magnify losses when governance, dilution and asset-price pressure converge.
The search for the best crypto presales to buy in June 2026 is becoming increasingly tied to one theme: artificial intelligence.
For much of the previous cycle, memecoins dominated retail attention across networks like Solana. Today, the market is changing. Investors are beginning to shift capital away from purely speculative meme assets and toward projects that combine community participation with AI-driven utility.
That trend is becoming visible across multiple ecosystems. As Solana meme volume cools and broader market sentiment remains cautious, MemeToro ($MT) is emerging as one of the most discussed AI-focused presales currently available.
Why Solana Meme Traders Are Changing Strategy Solana remains one of the largest ecosystems in crypto, but sentiment has weakened significantly in recent months.
The token continues trading around the $68 to $69 range while broader market volatility weighs on investor confidence. Fear remains elevated across digital assets, and trading activity has become increasingly selective.
This environment is changing how investors deploy capital.
Instead of chasing short-lived meme rallies, many traders are looking for projects connected to larger technological narratives. Artificial intelligence has become one of the biggest beneficiaries of that shift.
As a result, some liquidity that previously targeted meme speculation is now flowing toward AI narrative plays and early-stage utility ecosystems.
This trend is helping reshape conversations around the best crypto presales to buy in June 2026.
Why AI Narrative Plays Are Attracting Capital Artificial intelligence continues expanding across both traditional technology markets and blockchain ecosystems.
Developers are building automated systems, prediction engines, trend analysis tools, and autonomous participation platforms. Investors increasingly view these technologies as long-term growth sectors rather than temporary market narratives.
That distinction matters.
When market conditions become uncertain, capital often gravitates toward sectors perceived to have stronger structural growth potential.
AI has become one of those sectors. This helps explain why many of the best crypto presales currently attracting attention are connected to automation, autonomous agents, and data-driven participation systems. Among those projects, MemeToro has established itself as a notable contender.
Why MemeToro Is Appearing on Presale Watchlists MemeToro occupies a unique position between meme culture and artificial intelligence.
The project operates as a SocialFi ecosystem on BNB Chain and focuses on transforming online attention into blockchain activity through AI-powered infrastructure.
Rather than functioning as a standard meme token, the platform combines several participation layers designed to create ongoing ecosystem engagement. This broader utility model has become one of the primary reasons investors continue discussing MemeToro among the best crypto presales to buy before Q3 2026.
The project is targeting users who want more than simple speculation.
Inside MemeToro’s AI-Powered SocialFi Network The MemeToro AI Agent ecosystem revolves around an autonomous intelligence layer that continuously monitors market trends, social media discussions, cultural moments, and emerging narratives. This data helps power several ecosystem products.
AI Memecoin Generator: Users can deploy memecoins through a no-code creation system built around automated trend analysis. Prediction Markets: Participants can use $MT and BNB to forecast outcomes across crypto, sports, entertainment, and global events. Web3 Entertainment Layer: Interactive gaming products create additional ecosystem activity beyond trading. Integrated Analytics Hub: Users gain access to curated market insights and narrative tracking tools. Together, these features help create a platform built around participation rather than passive ownership.
How to Participate in the $MT Presale The MemeToro presale is accessible through a direct three-step onboarding process. Participants must review the standard operational guidelines to ensure a secure transaction and proper allocation of their $MT tokens.
Access the Portal: Navigate to the official MemeToro website and select the presale portal link. Network Selection: Connect a compatible web3 wallet configured to the BNB Chain network. Settlement Options: Fund the transaction using available balances in BNB, ETH, USDT, USDC, or via card payment. Token Receipt: Confirm the transaction to credit the purchased $MT allocation directly to the participant account. The $MT token functions as the core utility asset within the broader platform architecture. Beyond the initial sale, the token supports ecosystem activities including transactional settlement, platform tool access, high-yield staking distribution, and integrated trading products.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Key Highlights SOL has declined approximately 20% in the last 30 days and is down 44% year-to-date Token deposits to exchanges increased roughly 2,400% from June 11 to June 25, indicating sustained distribution pressure Decentralized exchange activity climbed 39%, reaching a seven-day mean of $1.73 billion daily The network captured 95% of tokenized equity trading last week, processing $1.3 billion in volume Meme coin platforms including PumpSwap and pump.fun dominate network fee revenue The Solana network is experiencing a notable disconnect between price performance and on-chain metrics. While SOL has retreated approximately 20% in the past month and sits 44% lower for 2026, blockchain activity continues to accelerate, primarily fueled by decentralized trading and meme token speculation.
Solana (SOL) Price SOL currently trades near $68. Token movements to centralized exchanges—typically a precursor to selling activity—exploded from approximately 57,336 SOL on June 11 to roughly 1,410,650 SOL by June 25. This represents a dramatic 2,400% surge, effectively multiplying inflows by 25 times within a two-week period.
The gradual escalation of these inflows indicates persistent distribution rather than a reaction to any isolated market event.
Concurrently, trading activity on Solana-based decentralized exchanges increased by approximately 39%, pushing the seven-day average to $1.73 billion per day from about $1.24 billion a month earlier. Network transaction fees remained stable at roughly $7.2 million over 24 hours and $200 million throughout the past 30 days.
Source: DefiLlama Meme Token Platforms and Emerging Exchanges Lead Activity Network fee generation is heavily concentrated among a handful of applications. PumpSwap generated approximately $1.29 million in daily fees, while pump.fun contributed around $0.73 million. Jupiter’s perpetuals platform and the Axiom trading interface also ranked among top revenue generators.
Several decentralized exchanges dominate 24-hour volume metrics: BisonFi recorded nearly $359 million, Orca processed $329 million, and AlphaQ handled $241 million, outpacing both Meteora and Raydium at approximately $151 million each. The emergence of BisonFi and AlphaQ as volume leaders has prompted scrutiny regarding the authenticity of their trading activity.
Total value locked across Solana’s DeFi ecosystem decreased by about 13% to $4.74 billion, though market observers attribute most of this reduction to SOL’s depreciated value rather than capital flight.
Tokenized Equity Dominance and Alpenglow Network Enhancement Solana processed approximately $1.3 billion in tokenized stock transactions last week, commanding roughly 95% of the entire blockchain-based tokenized equities sector. The June 12 SpaceX IPO catalyzed the creation of at least three tokenized SpaceX share instruments on Solana, representing about half of that week’s volume. Prior to this SpaceX-driven spike, Solana had already dominated on-chain tokenized equity volume for 54 straight weeks.
The aggregate on-chain tokenized stock market now stands at approximately $1.6 billion, up significantly from $317.1 million one year ago.
Cryptocurrency analyst Ardi (@ArdiNSC) stated on June 19 that he is monitoring for SOL to decline into the $45–60 range before considering accumulation for the upcoming market cycle. He observed that despite SOL peaking near $295 this cycle and already retracing roughly 77%, he identifies the $45–60 zone as where favorable risk-reward dynamics emerge. He characterized weekly support slightly above $50 as his “golden opportunity” should lower price levels fail to sustain, emphasizing he has no interest in purchasing at the current $68 level.
$SOL
Solana is slowly entering the area where I'm starting to pay attention for the next cycle.
Last bear market, SOL topped around $260 and eventually bottomed near $8.
Most people quote the full 97% drawdown, but that number was heavily distorted by the FTX collapse and… pic.twitter.com/oh58yseaFy
— Ardi (@ArdiNSC) June 19, 2026
Solana’s planned Alpenglow upgrade, scheduled for late 2026, targets reducing transaction finality to subsecond speeds while preserving the network’s characteristic low costs and high throughput as institutional adoption expands.
As of June 25, exchange token deposits remain at elevated levels while SOL’s valuation continues tracking the wider cryptocurrency market correction.
Key Highlights Solmate, previously operating as Brera Holdings, transformed into a Solana-focused treasury company following a $300 million capital raise Share prices have plummeted more than 98% following this strategic pivot The firm maintains a position of around 2 million SOL tokens, with backing from ARK Invest, the Solana Foundation, RockawayX, and Pulsar Group Solana’s token price has declined approximately 50% year-over-year, creating severe financial strain on the company Legal action has been initiated by the company’s principal shareholder, citing governance failures and improper dealings Solmate (SMTE), previously recognized as Brera Holdings, has experienced a catastrophic stock decline exceeding 98% following the closure of its $300 million funding initiative and its transformation into a Solana-centric treasury operation.
Brera Holdings PLC Class B Ordinary Shares, BREA
As of the current trading week, shares were changing hands at just a small fraction of their former worth, signaling severe investor anxiety regarding the firm’s cryptocurrency-concentrated asset portfolio.
The strategic shift managed to secure notable institutional support. ARK Invest, the Solana Foundation, Pulsar Group, and RockawayX all committed funds to the $300 million financing round. These proceeds were deployed to accumulate a treasury holding of roughly 2 million SOL tokens.
The critical issue? Solana’s native token has shed approximately half its market value during the previous twelve months.
This situation leaves Solmate’s fiscal stability almost exclusively tied to SOL’s market performance. Continued downward pressure on the cryptocurrency translates directly to corporate distress.
Treasury Strategy Anchored to Declining Cryptocurrency This approach mirrors Strategy’s Bitcoin-focused model — however, the execution timing has proven disastrous. Solmate accumulated its substantial SOL holdings during a period when the asset trades near historically depressed levels compared to previous highs.
The organization lacks any substantial protection against additional Solana price deterioration. Corporate revenues, total assets, and shareholder equity fluctuate in direct correlation with cryptocurrency market conditions.
This degree of concentrated exposure has fundamentally undermined investor confidence.
The corporate rebranding from Brera Holdings occurred alongside the strategic repositioning toward Solana exposure. Leadership presented this transformation as an aggressive forward-thinking strategy during the capital raise announcement.
Internal Legal Dispute Compounds Challenges Beyond the dramatic equity devaluation, Solmate confronts significant legal challenges from its own investor base.
The firm’s primary shareholder has initiated litigation against company directors, asserting failures in mandatory disclosure protocols and allegations of self-interested transactions. Complete details of these accusations remain limited in publicly accessible documentation examined for this analysis.
This legal dispute introduces corporate governance concerns that compound the substantial market-related risks stemming from Solana’s price volatility.
Broader cryptocurrency market psychology continues trending negative, with the Fear and Greed Index registering bearish sentiment levels.
Solmate has not issued any official communications regarding either the equity collapse or the pending shareholder litigation at publication time.
The corporation’s balance sheet currently reflects ownership of approximately 2 million SOL tokens.
Sebastian Berhalter had the game of his life on June 25, assisting one goal and scoring another in the USMNT’s 3-2 World Cup loss to Turkey at SoFi Stadium. A Solana-based meme token called BERHALTER exists with his name on it. Its 24-hour trading volume? Roughly $2.
The match that should have been a catalyst Berhalter, a midfielder playing under head coach Mauricio Pochettino, set up Auston Trusty for a goal just three minutes into the match. He then scored an equalizer in the 49th minute. Turkey’s Kaan Ayhan buried a stoppage-time winner in the 98th minute, handing the USMNT a 3-2 defeat. Berhalter described the night with mixed emotions, calling it a “dream night” with the national team despite the result.
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The BERHALTER token tells the real story The BERHALTER token, built on Solana, is priced at approximately $0.0000018781. To put that number in context, you’d need to buy roughly 532,000 tokens to own a single penny’s worth.
Its 24-hour trading volume of about $2 means that functionally nobody is trading it. This token has no official connection to Sebastian Berhalter. There’s no endorsement, no partnership, no NFT collection, no athlete involvement whatsoever.
What this means for investors The tokens that might eventually work in this space will need actual utility, real partnerships, and a reason to exist beyond name recognition — think revenue sharing, exclusive content access, or governance rights over fan communities.
Berhalter’s World Cup continues as the USMNT advances to the knockout rounds. The token bearing his name remains flatlined at a fraction of a fraction of a cent.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
There is a lot of red on screens today, so let’s start with something genuinely encouraging: Solana is green. While Bitcoin slumps to a 20-month low and XRP fights for its life at $1, SOL is trading at $69.78, up on both the day and the week. In a market where almost everything is falling, Solana is the one major coin swimming against the tide, and that is worth celebrating, with eyes open.
The good news first Let’s enjoy this for a second, because it has been a rough month for everyone. SOL is up around 1% on the day and 2% on the week. That might sound modest, but context is everything: every other major coin is down, several of them sharply. Being green when Bitcoin is at a 20-month low is genuinely impressive relative strength.
And it is not happening in a vacuum. There is a real reason institutional eyes are on Solana right now, and it landed today.
MoneyGram just became a Solana validator Here is the headline that has the ecosystem buzzing. MoneyGram, the global payments giant, just joined the Solana network as an active validator and infrastructure partner. This is a big deal, and here is why it matters beyond the buzzword.
A validator is not a passive investor. It is a company actively running infrastructure that helps secure and operate the network. When a household-name payments company like MoneyGram commits to running Solana infrastructure, it is a vote of confidence in the network’s future as financial plumbing, not just a trading chip. It signals that serious players see Solana as a place to build real payment rails. That is exactly the kind of grown-up adoption that builds durable value over time.
Why Solana keeps outperforming MoneyGram is the fresh news, but Solana’s resilience this week rests on more than one headline. Let me walk through what is genuinely working in SOL’s favor.
The ETF angle is a quiet superpower. Solana’s spot ETFs launched with staking enabled, which means they pass staking rewards to investors. That is something Bitcoin and Ethereum ETFs simply cannot offer. So in a moment when money is fleeing those non-yielding products, an ETF that actually pays you a yield looks a lot more attractive, and Solana has been pulling in some of the only positive ETF flows among the majors.
Then there is the tech. Two huge upgrades are moving forward. Alpenglow, Solana’s big consensus overhaul, is already live on a test network, pushing toward dramatically faster finality. And Firedancer, the new engine from Jump Crypto, keeps progressing with a careful, test-first rollout aimed at making the network faster and far more reliable. These upgrades target the exact things people used to criticize Solana for, speed and outages, and watching them come together is genuinely exciting for anyone who believes in the network.
Now the honest part I am optimistic about Solana, but I am not going to sell you a fairy tale. Relative strength in a falling market still means the market is falling. SOL is green this week, but it is still in a broader downtrend, and if Bitcoin breaks hard toward $55,000, Solana will very likely get pulled down with it. No coin is an island.
There is also the memecoin question. A good chunk of Solana’s on-chain buzz has come from speculative memecoin trading, and when that cooled off recently, network fees dipped. So some of Solana’s activity is fragile in a way the upgrades and MoneyGram news are not. Keep that balance in mind. The fundamentals are strengthening, but the macro storm is real.
The levels worth watching On the downside, $66 is the support to hold, with the $62 to $63 zone beneath it. As long as SOL stays above $66, this relative-strength story stays alive. On the upside, a push above $72 would brighten the picture, and reclaiming the $78 to $85 zone would be a real signal that a stronger recovery is taking shape.
Bringing it together Solana at $69.78 is the lone bright spot in a red market, holding green while Bitcoin hits a 20-month low, and the MoneyGram validator news adds a genuine vote of institutional confidence. Between staking-enabled ETFs drawing flows and the Alpenglow and Firedancer upgrades advancing, SOL has real reasons for its resilience.
Just keep both eyes open. Solana is outperforming, not escaping, and a deeper Bitcoin drop would test it. But if you have been looking for a reason for optimism in a grim market, a green coin with fresh institutional adoption and serious tech momentum is a pretty good place to find it. Watch $66 below and $72 above, and enjoy the rare patch of green.
FAQ What is the Solana price today?
Solana is trading at $69.78 on June 26, 2026, up about 1% on the day and 2% on the week, making it the only major coin in the green while Bitcoin sits at a 20-month low.
Why is MoneyGram joining Solana significant?
MoneyGram, a global payments company, became an active Solana validator and infrastructure partner. Running network infrastructure is a strong vote of confidence in Solana’s future as financial infrastructure, signaling serious institutional adoption beyond simple investment.
Why is Solana outperforming other coins?
Solana benefits from staking-enabled spot ETFs that draw flows when non-yielding Bitcoin ETFs bleed, steady progress on its Alpenglow and Firedancer upgrades, and fresh adoption like the MoneyGram validator news.
What are the key Solana levels to watch?
Support is $66, with the $62 to $63 zone below it. Holding $66 keeps the relative-strength story alive. On the upside, a push above $72 and then the $78 to $85 zone would signal a stronger recovery.
Is Solana safe from the crash?
No. Solana is outperforming but still in a downtrend, and a deeper Bitcoin drop toward $55,000 would likely pull it lower. Its reliance on speculative memecoin activity is also a risk. Relative strength still means the market is falling, just less for SOL.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Institutional moves in a volatile market are rarely a coincidence.
On the macro side, things are still looking risk-off. Over $100 billion has flowed out of crypto this week, dragging total market cap down to $1.99 trillion, levels not seen since September 2024.
Clearly, the market is in a weak phase, where technical downside could start lining up with softer on-chain signals.
But is Solana starting to diverge from the broader trend? From a technical view, SOL’s 5.7% weekly pullback shows it’s still tracking the wider market weakness, and a move toward $60 isn’t off the table if pressure continues.
That said, Grayscale’s move has definitely sparked some attention around SOL’s Q3 setup.
Source: X As the post above highlights, Grayscale has cut its Spot Solana [SOL] ETF annual fee to 0.19%, down from 0.35%. More importantly, that now puts it among the lowest-fee Solana ETFs in the market (tied with FT), which is a pretty aggressive positioning shift compared to its earlier standing.
However, when you look at the recent move by Morgan Stanley, Grayscale’s decision doesn’t seem random. On Thursday, the firm filed amended Form S-1 statements with the SEC for its ETF lineup, signaling plans to undercut current market offerings with a 0.14% fee for its Solana ETF (MSOL).
In essence, Grayscale looks like it’s reacting to growing fee competition in the ETF space.
Notably, timing matters here. Solana’s technical setup is still weak, but institutional interest hasn’t really faded. Instead, it appears that positioning is continuing or rotating quietly even as broader market conditions stay soft.
And when you factor in Solana’s on-chain activity, these strategic moves don’t look random.
Institutional flows hint at Solana Q3 setup The market is betting on a strong foundation building for Solana over the next 18 months.
At the developer level, this is driven by tokenomics improvements, tokenized asset trading, and renewed speculation across meme coins and AI plays. On top of that, Solana’s RWA sector is already seeing record activity this year.
The RWA ecosystem has surpassed $3.10 billion in total value, hitting a new all-time high, while the number of holders has crossed 290,000.
Supporting this view, Multicoin co-founder Tushar Jain says Hyperliquid [HYPE] is “complementary” to the firm’s SOL positions, with Solana leading in spot trading, while Hyperliquid leads in derivatives. Jain adds that while the two may compete, Multicoin expects both to outperform the rest of the field.
Source: X Against this backdrop, Grayscale’s latest move extends beyond simple fee competition.
Further supporting Solana ETF momentum, the Kazakhstan Stock Exchange (KASE), one of Central Asia’s largest exchanges, has listed the Volatility Shares Solana ETF (SOLZ), adding another layer of institutional access and global distribution to the ecosystem narrative.
Hence, calling Solana’s Q3 setup a strong institutional cycle for SOL might not be too far-fetched. Instead, with ETF momentum and on-chain signals starting to converge, Solana increasingly looks like it’s entering a phase where institutional flows could start catching up with fundamentals.
Solana experienced another drop toward the 60 dollar support zone following its latest attempt at an upward move. While the overall trend remains to the downside, market watchers are closely monitoring how the price responds to this critical threshold in the short term.
Support zone returns to the spotlightOn the weekly chart, SOL is now trading around 66.65 dollars after a notable retreat from the previously unbroken resistance range between 90 and 100 dollars. With lower highs and lower lows still dominating the chart, downward selling pressure continues to prevail.
If SOL closes the week below the 60 to 65 dollar range, technical signals point to a possible escalation in the decline. In this scenario, the next major support area is identified between 25 and 30 dollars, increasing the risk of deeper losses.
Current data shows Solana is once again testing crucial support, and any weekly close below the 60 to 65 dollar band could reinforce the bearish trend.
What levels could trigger a relief rally?Despite the emerging risks, the current weekly candle has not yet closed. A strong reaction from support could delay the negative outlook for a time. However, analysts highlight that a real structural improvement requires SOL to reclaim the 95 to 100 dollar region.
Although Solana is often noted for its high transaction speeds and low costs, this latest analysis focuses less on the network’s technology and more on the technical picture, specifically the pivotal support and resistance zones shaping long-term price action.
The importance of the 40 to 55 dollar rangeZooming out, after peaking in early 2025, SOL has gradually edged closer to the long-term support region between 40 and 55 dollars. Based on recent analysis, this band is being watched as a potential accumulation zone, mirroring historical structures seen in earlier market cycles.
Even so, chart patterns indicate SOL may remain volatile within this broad range for months before establishing a lasting bottom. For any sustainable recovery, the price needs to defend this area and begin forming higher lows.
Forecasts suggest that after a sideways consolidation, SOL could rebound toward 120 dollars. However, this scenario is far from certain. A clear break below the 40 dollar mark would signal further technical weakening and open the door to additional downside risk.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solmate Infrastructure has lost about 98% of its market value since ARK Invest and Abu Dhabi-based Pulsar Group backed a $300m financing tied to its Solana treasury plan.
Summary
Solmate shares collapsed after its football-to-Solana pivot tied public equity value closely to SOL prices. RockawayX-linked RBCH claims directors diluted shareholders while Solmate says the claims are retaliatory and false. The case lands before Solmate’s AGM where disputed shares may affect board voting power control. The Nasdaq-listed company, formerly Brera Holdings, traded near $4.72 on Friday after its sharp post-pivot selloff.
The company had run a football holding business with stakes across Italy, North Macedonia, Mozambique and Mongolia. It changed course in 2025, raising capital to build a Solana treasury and crypto infrastructure business in the United Arab Emirates.
As previously reported, Solmate launched with $300m to establish a Solana treasury in the UAE with backing from ARK Invest, Pulsar Group, RockawayX and the Solana Foundation.
Solmate Shares Drop Over 98% After $300M Financing and Solana Treasury Pivot
Cathie Wood-backed Solmate has fallen more than 98% since completing a $300 million financing and pivoting to a Solana treasury strategy. Formerly known as Brera Holdings, Solmate announced its… pic.twitter.com/czn5GnosKc
— Wu Blockchain (@WuBlockchain) June 26, 2026 Lawsuit adds pressure before AGM RBCH Ltd., an entity linked to RockawayX founder Viktor Fischer, filed a derivative lawsuit against Solmate’s officers and directors in New York. The complaint accuses the board of breach of fiduciary duty, shareholder oppression and self-dealing. RBCH says it owns more than 10% of Solmate and wants the court to block recently issued shares from being voted.
The lawsuit centers on share deals involving CEO Ron Sade and board member Keren Maimon. RBCH claims they bought about 2.3m new shares at $4.97 each, diluting shareholders by about 20%. It also says the deal came before the board rejected a Forward Industries proposal that valued Solmate at $7.19 per share.
Solmate rejects RockawayX claims Solmate has denied RBCH’s claims and framed the dispute as part of a failed business transaction. The company said it is trying to protect shareholders from what it called “a fraudulent campaign” linked to Fischer and RockawayX. RBCH later said Solmate’s response was “false, misleading, and a retaliatory response” to its lawsuit.
The fight comes ahead of Solmate’s June 26 annual general meeting in Abu Dhabi. RBCH wants shareholders to withhold support from Sade and Maimon. It also wants the court to reverse the disputed share transaction and review advisory and pay arrangements tied to directors. The case also follows leadership changes, including the departure of former CEO Marco Santori.
Football exits and treasury risks Solmate has also reduced its legacy football operations. Its teams in Mozambique and Mongolia were discontinued, while its stake in Italian club Juve Stabia was sold for €1 plus liabilities. The company reported a net loss of about €378,000 in 2025 and completed a one-for-ten reverse stock split in May to meet Nasdaq’s minimum bid price rule.
The company’s Solana strategy has faced the same pressure hitting other listed crypto treasury firms. SOL trades near $68, far below levels seen during the prior market cycle. As crypto.news reported, Solmate raised $11.4m in a premium stock offering in May as it kept building its treasury plan.
Previously, crypto.news explored how the crypto treasury boom split as Solana treasury firms faced losses. In a previous article, crypto.news discussed Forward Industries nearing a $1b Solana paper loss. Solmate now faces both market pressure and a boardroom dispute at the same time.
Citi has raised its Sandisk price target to $2,500 from $2,025, sending SNDK shares up roughly 22% in the last 24 hours. The chipmaker has rallied approximately 4,800% over the past 12 months on AI-driven NAND demand.
The upgrade adds fresh institutional firepower behind one of the most explosive Wall Street stories of 2026.
Why Citi Raised Its Sandisk Price TargetA price target is the level an analyst expects a stock to reach over a defined horizon, typically 12 months. Citi analyst Asiya Merchant lifted her Sandisk target by nearly 24%, signaling roughly 30.6% additional upside while keeping a Buy rating on the chipmaker.
The catalyst came from Micron’s blowout fiscal third quarter. Furthermore, NAND bit shipments rose mid-single digits sequentially, while average selling prices surged in the mid-80% range, confirming the depth of the supply tightness now reshaping the entire memory chip industry.
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Update: SanDisk is spiking after a Citi analyst raises price target from $2,025 to $2,500$SNDK is now up ~780% since Leopold Aschenbrenner disclosed a $12.9M stake
He first disclosed the position in November 2025 at ~$254/share pic.twitter.com/envHzUpQiZ
— Leopold Stock Tracker (@LeopoldTracker_) June 25, 2026 Merchant pointed to a clear structural setup. NAND industry demand is now outpacing supply, with that imbalance expected to persist well beyond 2027. AI workloads, especially in data centers, are driving most of the new demand across enterprise SSDs and adjacent storage products.
Citi also opened a 90-day short-term upside view on Sandisk shares. The bank flagged three near-term catalysts. Industry earnings, the Flash Memory Summit in August, and SanDisk’s investor day during the same month should all further sharpen sentiment across the sector.
Sandisk’s own numbers add weight to the bullish call. The company posted $5.95 billion in revenue last quarter, up 97% sequentially. Moreover, data center revenue alone grew 233% quarter over quarter, while more than one-third of fiscal 2027 bit output is already locked under multi-year contracts.
On the other hand, decentralized exchanges Raydium and Jupiter have added Sandisk to their roster of tokenized stocks. The listing reflects the rising appetite among crypto traders for exposure to the year’s top-performing equities.
What the 4,800% SNDK Rally Tells the MarketSandisk has emerged as the best-performing stock in the entire S&P500 in 2026. Shares are up roughly 727% year-to-date, while the 12-month run from a low near $40 to recent highs above $2,335 marks an extraordinary 4,800% advance.
The rally tracks a structural shift in NAND economics. AI infrastructure spending has rewritten the demand curve. As a result, data center operators now rely heavily on cost-efficient SSDs to offload workloads, such as KV cache, a use case that did not exist in a meaningful way 18 months ago.
The Wall Street chorus has turned overwhelmingly bullish. Veteran trader Stephen “Sarge” Guilfoyle also raised his own Sandisk target to $2,600 from $2,425. Furthermore, the stock currently has a Strong Buy consensus rating on TipRanks, based on 14 Buy ratings and only 2 Hold ratings.
Sandisk Corporation (SNDK) Price Performance – 1 Year. Source: TradingViewRisks remain real despite the conviction. SNDK trades at an elevated trailing P/E of 65 to 76 times earnings. Moreover, the stock recently fell 13.64% in a single session during a broader tech selloff tied to the Korean Kospi crash, showing how exposed the name remains to volatility.
For Citi, the bigger picture still favors the upside thesis. Bit supply growth across the NAND industry is projected at roughly 20% for 2026, while Micron itself expects its own supply growth to come in below that figure.
Tokenized stocks trading on Solana hit $4.9 billion in volume during the first half of 2026, a sixfold increase from the $775 million recorded in the back half of 2025. The market cap for these on-chain equities reached $539 million by June, cementing Solana’s position as the dominant blockchain for a financial product category that barely existed 18 months ago.
The numbers behind Solana’s dominance The blockchain consistently accounts for more than 95% of cross-chain tokenized equity volume. During one week in mid-June, Solana processed $1.298 billion in tokenized stock trades, representing 95% of the global total for that period alone.
May 2026 was particularly notable. Cross-chain tokenized stock trading volume hit a record $5.3 billion that month, a 44% jump from April. And by June 23, Solana’s cumulative transfer volume for tokenized equities had crossed $10 billion.
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The chain’s structural advantages help explain why traders keep choosing it. Low transaction fees, high throughput, and a mature DeFi ecosystem make it the path of least resistance for platforms looking to bring traditional equities on-chain.
SpaceX shares lit the fuse The single biggest catalyst for this explosion in volume has a familiar name: SpaceX.
Following the company’s initial public offering, demand for tokenized SpaceX shares went vertical. During peak periods after the IPO, Solana captured up to 99% of related volume.
Tokenized stocks first emerged as a distinct digital asset class around mid-2025, offering on-chain access to both publicly traded equities and pre-IPO shares. Several platforms attempted tokenized securities on Ethereum years ago, but high gas fees and slow throughput limited adoption. Solana’s architecture solved both problems simultaneously.
What this means for investors A $539 million market cap for tokenized stocks is still a rounding error compared to the trillions sitting in conventional equity markets. But the growth rate is the signal, not the absolute number. Six-times growth in six months, if it continues at even a fraction of that pace, starts to represent meaningful market share.
Solana’s 95%-plus market share is extraordinary for any blockchain-based product category. What remains is regulatory clarity, which varies significantly by jurisdiction and remains the primary wildcard for the sector’s trajectory.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Somewhere between nostalgia for holographic Charizards and the relentless financialization of everything, a billion-dollar market was born. Solana’s onchain trading card game ecosystem has crossed $1 billion in cumulative trading volume, with over 10 billion cards printed across the network’s tokenized collectibles platforms.
The milestone was driven primarily by Collector Crypt, a platform that vaults real graded trading cards and lets users buy packs, reveal cards, trade tokenized assets, and redeem physical copies. The platform alone hit roughly $1.05 billion in cumulative transaction volume by May 20, 2026, approximately 18 months after launching its gacha mechanics in December 2024.
How a gacha mechanic turned cards into a crypto category Gacha spending on Solana hit $230 million in May 2026 alone, setting a new all-time record. The prior month wasn’t exactly quiet either, with April 2026 clocking $184 million in monthly gacha spend.
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Collector Crypt set another record in June 2026: 215,000 tokenized TCG packs opened in a single week. That’s roughly one pack opened every 2.8 seconds for seven straight days.
The platform has also facilitated around 50,000 physical card redemptions and shipments over its 18-month lifespan.
Solana’s quiet dominance in tokenized collectibles Solana has captured 63-64% of global onchain trading card game volume.
Broader onchain TCG trading volumes on Solana reached roughly $20 million weekly by mid-2025 and continued climbing into 2026. Protocol revenue for Collector Crypt alone crossed $50 million by June 2026.
A partnership with Solflare wallet in June 2026 added another growth vector, enabling in-wallet pack openings.
What this means for investors The current trajectory, with monthly gacha spend growing from $184 million in April to $230 million in May, suggests the market hasn’t hit saturation yet.
The $CARDS token, associated with Collector Crypt, has appreciated significantly alongside the platform’s activity growth.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Kazakhstan Stock Exchange just became the first in Central Asia to list US-based cryptocurrency ETFs. On June 19, KASE admitted two digital asset funds under its KASE Global framework: the Volatility Shares Solana ETF (SOLZ_KZ) and BlackRock’s iShares Ethereum Trust ETF (ETHA_KZ).
What’s actually being listed SOLZ_KZ, the Solana fund from Volatility Shares, does not hold SOL directly. Instead, it gains exposure through futures contracts listed on the CME, along with cash equivalents. The net expense ratio sits at 0.95%, set to hold through June 30, 2026. As of June 18, SOLZ_KZ had roughly $80 million in assets under management.
On the Ethereum side, ETHA_KZ is BlackRock’s iShares Ethereum Trust ETF, carrying a leaner management fee of 0.25%.
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Investment Company Standard JSC initiated the listing process for both products on KASE, acting as the bridge between US-based fund issuers and the Kazakh exchange infrastructure.
Kazakhstan’s crypto strategy has been building for a while In December 2025, KASE and the Solana Foundation signed a memorandum of understanding to collaborate on digital assets. That partnership directly facilitated KASE’s registration as Kazakhstan’s first digital asset platform operator, which became effective around mid-2026.
And even before KASE got into the game, the Astana International Exchange had already made waves. In September 2025, Fonte Capital launched what it described as the world’s first spot Solana ETF with staking on AIX. That product represented a different approach entirely, holding actual SOL tokens and generating staking yield, compared to the futures-based structure that SOLZ_KZ uses on KASE.
What this means for investors The immediate practical impact is straightforward: qualified investors in Kazakhstan can now gain exposure to Solana and Ethereum through their existing brokerage accounts on KASE. No need to set up a crypto wallet, manage private keys, or navigate the often-chaotic world of decentralized exchanges.
The fee structures also deserve attention. SOLZ_KZ’s 0.95% expense ratio is notably higher than ETHA_KZ’s 0.25%, reflecting the additional complexity and cost of managing a futures-based strategy. Futures-based funds can suffer from roll costs and tracking errors that eat into returns over time, a consideration that becomes more important the longer you hold.
For the Solana ecosystem specifically, having both a spot ETF with staking on AIX and a futures-based ETF on KASE operating in the same country represents a level of product diversity that most Western markets haven’t yet achieved. The $80 million in AUM for SOLZ_KZ is modest by US standards, but as a proof of concept for regulated crypto products in Central Asia, it’s the kind of number that tends to grow once institutional allocators see that the infrastructure actually works.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Collector Crypt hits $1 billion in volume, out-earns Pump.fun@Collector_Crypt, a @solana-based platform that vaults professionally graded physical trading cards and tokenizes them as redeemable NFTs, has crossed $1 billion in cumulative trading volume and over $50 million in cumulative revenue, according to data from DeFiLlama. The revenue milestone puts it ahead of some of the most well-known applications in the Solana ecosystem, including Pump.fun, the memecoin launchpad that dominated Solana headlines for months.
The platform uses a gacha system, a randomized pack-opening mechanic borrowed from mobile gaming, where users purchase digital packs containing tokenized versions of real graded cards, with each NFT mapped to a specific physical card graded by companies like PSA. Once a pack is opened, holders can trade the card instantly on-chain, sell it back through the platform's buyback system, or redeem the physical card and have it shipped to them. More than 30% of users have actually redeemed physical cards from the vaults.
Collector Crypt posted a record $1.06 million in daily revenue this month, overtaking Pump.fun on a single-day basis for the first time. The daily active user count has climbed to approximately 40,000, a figure that received a significant boost after the platform integrated with the Solflare wallet, driving a 129% week-over-week increase in fees.
A $230M market, with Solana taking the lion's shareThe tokenized trading card market posted its strongest month on record in May 2026. The top seven platforms generated $230 million in gacha-based pack sales, up from $32 million a year earlier, a sevenfold increase, with Solana accounting for approximately 64% of total volume, according to a Decrypt investigation. Solana's low transaction fees and fast settlement make it well-suited to high-frequency collectible trading.
Collector Crypt competes in the tokenized collectibles space alongside @Courtyard_io and @phygitals, both of which have built similar physical-to-digital redemption models on-chain. Phygitals has established itself as a major player in the category, recording nearly $149 million in cumulative gacha spending and more than $290 million in marketplace transaction volume.
The rapid growth has also drawn regulatory scrutiny. The biggest risk may be regulatory. Randomized pack mechanics with real monetary value sit in an uncomfortable gray zone between gaming, gambling, and securities. Multiple jurisdictions have already cracked down on loot boxes in traditional gaming, and a platform that sells randomized packs of tokenized assets for crypto could attract regulatory attention. Regulatory treatment of randomized pack mechanics varies by jurisdiction and has not been resolved for tokenized versions of the model. Collector Crypt operates with physical asset backing and a redemption pathway, which distinguishes it from purely digital loot boxes, but the regulatory question remains open.
Collector Crypt's performance matters beyond its own revenue line because it validates a category. Tokenized real-world assets have mostly been discussed in the context of treasury bills and real estate. The idea that physical collectibles could be an equally viable RWA vertical is gaining credibility with every record Collector Crypt sets.
Sources:
Collector Crypt hits $1B in trading volume and $50M revenue on Solana (Crypto Briefing)
Tokenized TCG Market Hits $230M in May, Solana Leads With 64% (Solana Compass)
Gacha Sports Launches on Solana as Collector Crypt Tops Pump.fun in Daily Revenue (Genfinity)
Tokenized stocks trading on Solana reached $553 million in daily volume on June 24, marking a new all-time high for the category. These are tokenized versions of actual equities, trading on a blockchain, at volumes that would make some small-cap stock exchanges jealous.
The milestone caps off a stretch where Solana has quietly, then not so quietly, become the dominant venue for on-chain equity trading. During the week of June 15-21, Solana captured roughly 95-98% of all tokenized equity spot trading volume globally, with weekly volume hitting $1.298 billion.
The category has now reached $10 billion in cumulative transfer volume, and Solana is running the table.
What’s actually driving the volume The biggest name in this space right now is Backpack, which offers tokenized shares of companies including SpaceX through its SPCX token. On certain peak days, SPCX alone has exceeded $100 million in trading volume.
SpaceX is a particularly interesting case study here. It’s one of the most sought-after private companies on Earth, and traditional retail investors have essentially zero access to its shares. Tokenization changes that equation entirely, offering fractional ownership of an asset that was previously locked behind private market gates.
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Sunrise DeFi is another platform contributing to the momentum, and together these protocols are building out the infrastructure that makes 24/7 trading and DeFi integration possible. In English: you can trade a tokenized stock at 2 AM on a Sunday and potentially use it as collateral in a lending protocol.
The monthly volume across all chains for tokenized equities hit a record $5.3 billion in May 2026. Solana’s share of that pie has only grown since, suggesting June will comfortably surpass the previous month’s record.
Why Solana, and why now Solana’s dominance in this category isn’t accidental. The chain’s low transaction costs and high throughput make it naturally suited for the kind of frequent, smaller-sized trades that characterize retail equity participation. If you’re buying $50 worth of a tokenized stock, paying $15 in gas fees on Ethereum makes the trade economically absurd. On Solana, that friction essentially disappears.
Fractional ownership removes the barrier of high share prices. Round-the-clock trading removes the constraint of market hours. DeFi composability adds utility that a brokerage account simply doesn’t provide.
Unique wallets holding tokenized stocks on Solana have increased dramatically in recent periods, suggesting that the volume surge isn’t just a handful of whales churning positions. It reflects genuine broadening of the user base.
What this means for investors The $553 million daily volume figure matters because it represents a threshold. Tokenized equities on Solana are approaching volumes that demand attention from both traditional finance and crypto-native investors.
For the Solana ecosystem specifically, this is a significant narrative shift. The chain has spent much of the past two years associated with memecoin speculation and high-velocity token launches. Tokenized stocks represent the opposite end of the spectrum: real-world assets, relatively stable value propositions, and use cases that traditional investors can immediately understand.
There are real risks to watch. Regulatory clarity around tokenized securities remains a work in progress across most jurisdictions. The question of what legal rights a tokenized stock actually confers versus holding a share through a traditional transfer agent is not fully settled.
The concentration risk is also worth noting. When one chain handles 95-98% of a category’s volume, any Solana-specific issue becomes a systemic risk for the entire tokenized equity market. Diversification across chains hasn’t happened yet, and until it does, this remains a single point of failure that sophisticated investors should factor into their positioning.
Cumulative volume crossing $10 billion, monthly records being broken in consecutive months, and wallet counts expanding all point in one direction. Tokenized equities are transitioning from a niche crypto experiment to a genuine alternative market structure, and Solana is the venue where that transition is playing out in real time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has found stability in the 55 to 70 dollar support zone following its recent pullback, with current price action matching the levels where previous rebounds have started. According to analysts, this corridor is crucial; a return above 100 dollars could set the stage for a broader market recovery for SOL.
A key threshold in the multi-year formationOn weekly charts, Solana has been trading near the lower boundary of a broadening formation that has developed since early 2024. With trading focused around 68 dollars, market watchers say defending this region will be decisive. Historically, tests of this support have been followed by upward momentum.
Mini glossary: A broadening formation is a technical pattern where prices make higher highs and lower lows over time. Volatility tends to increase in these structures, with the upper and lower lines acting as key reference points for trend shifts and potential breakouts.
According to analysis by CryptoCurb, preserving the 55 to 70 dollar range could pave the way for a move first towards 100 dollars, followed by a potential revisit of the 200 to 300 dollar area.
Yet, for any robust long-term bullish scenario to materialize, SOL must escape above the pattern’s upper trendline. Analysts estimate this ceiling could form around 400 dollars if the formation continues to evolve. They emphasize that a confirmed breakout from this structure might target levels above 1,000 dollars in the long run, though they currently consider such projections speculative.
LevelSignificance55 to 70 dollarsMain support zone100 dollarsPrimary recovery threshold200 to 300 dollarsPotential medium-term target area400 dollarsResistance near upper trendlineAbove 1,000 dollarsLong-term speculative targetIf SOL slips below the 55 dollar threshold and remains there, the bullish outlook may deteriorate sharply, raising the risk of further losses.
Eyeing the 240 dollar target on daily chartsOn the daily timeframe, the 60 to 70 dollar band stands out as a vital region. Analyst Aman notes this area marked a decisive breakout during the previous market cycle. Recently, while SOL briefly dipped below the short-term congestion zone, it has managed to hover above the broader support corridor.
The analysis suggests reclaiming the 90 to 100 dollar zone could reinforce the recovery outlook, with attention then turning to the 120 to 150 dollar range and a potential run up to the 220–240 dollar area.
The latest double bottom in the relative strength index points towards a weakening in selling pressure. The current RSI has recovered to around 41. However, experts caution that this shift is not a guaranteed sign of a definitive trend reversal on its own.
A sustained move below the 50 to 60 dollar range in the short term could undermine expectations of a solid base forming for SOL. As a result, the marketplace is mainly focused on whether the major support zone will hold—and, crucially, if SOL can reclaim the 100 dollar milestone soon after.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Solana network has further expanded its dominance in the tokenized stock market, capturing a remarkable 97% market share. In May, the spot market trading volume for tokenized equities issued by major players soared to $869 million, while weekly trading volume climbed to a record $1.29 billion. These figures underscore the sustained interest in trading traditional financial assets on blockchain platforms.
Solana cements its lead in tokenized stocksSolana has solidified its position as the clear leader in the emerging market for tokenized stocks, where it now controls approximately 97% of total activity. June data confirm the continuation of this strong demand: as of June 16, tokenized stock volumes reached $188 million, rising further to $213 million by June 19.
Growth driven by SpaceX token and new platformsA significant share of this trading activity was attributed to the SPCX token, which is linked to SpaceX. Platforms such as Backpack, Ondo Finance, xStocksFi, and PreStocks have also played a key role, offering diverse avenues for users to access tokenized shares.
Solana claimed about 97% of the tokenized equity market, with May spot trading volume reaching $869 million and weekly activity hitting $1.29 billion.
These developments highlight the growing use of blockchain technology as a gateway to traditional financial assets. They also signal increased interest in integrating such assets with decentralized finance (DeFi) applications.
According to market data: May spot volume stood at $869 million; weekly trading was reported at $1.29 billion; volume on June 16 was $188 million; June 19 saw it rise to $213 million. Meanwhile, Solana’s market share remained close to 97%.
Technical outlook for SOL price under scrutinyAlongside the surge in tokenized equity activity, investors are closely tracking the technical outlook for SOL, Solana’s native token. An analysis shared by BATMAN notes that SOL is currently trading within a prominent symmetrical triangle formation on the four-hour chart—a pattern often preceding sharp price movements.
SOL began June trading in the $85–86 range but retreated sharply to around $61. Since then, the price has shown higher lows, while sellers have set lower highs. The 200 exponential moving average (EMA) between $73 and $74 has emerged as a key resistance zone in this setup.
Glossary: Multiparty computation allows multiple parties to process information together without exposing data at a single point, maintaining privacy. A symmetrical triangle is a technical formation that shows the price tightening in a narrowing band, often leading to a breakout in either direction.
Repeated unsuccessful attempts to break higher have limited bullish momentum for SOL. However, if buyers can push the price above the triangle’s resistance line and the 200 EMA, a new uptrend could emerge.
The analysis highlights the $73–74 range around the 200 EMA as the main resistance, with the $68–69 zone serving as a key short-term support.
On the downside, the $68–69 zone is identified as crucial support; buyers have repeatedly defended this level during recent pullbacks. A drop below it could weaken the overall technical outlook for SOL.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana Policy Institute President Kristin Smith says negotiations are ongoing on a daily basis between lawmakers. The U.S. Senate, White House, and crypto industry representatives behind the Digital Asset Market Clarity (CLARITY) Act are having daily meetings. Still, the crypto bill is facing a delay as the Senate was adjourned till July 13.
CLARITY Act Negotiations Continue On Daily Basis Amid a surge in concerns about the bill’s progress, Smith tried to quell some of those fears in a thread on X. “Legislation is never guaranteed, but I strongly believe there is a path to get the Clarity Act to the President’s desk,” she wrote. There are a number of reasons she is optimistic, she added.
Smith said discussions are “actively ongoing between Senate Democrats, Senate Republicans, the White House, the crypto industry, and other stakeholders.” She described the negotiations as “serious, substantive work” that is “happening every day.”
11/ A little perspective: this industry has been through harder fights before – self-hosted wallet midnight rulemaking, debanking, the Gensler era – and kept going.
Hard battles are not new for us.
When crypto decides to engage, it has the staying power to win.
— Kristin Smith (@KristinSmith) June 25, 2026
She also noted that “there are daily in-person meetings between key negotiators at the member level,” Smith even said it would be a pointless exercise “if no one thought this could go anywhere.” The CLARITY Act has been receiving a great deal of interest in Congress with a hectic legislative schedule, according to Smith.
Smith spotlighted that several senators were making efforts to see the bill moving forward, noting this was a bipartisan effort. These include Sen. Cynthia Lummis, Sen. Ruben Gallego, Sen. Kirsten Gillibrand, Sen. Angela Alsobrooks and Sen. Bernie Moreno.
“We have strong champions on both sides of the aisle who want to get to yes and get this done,” Smith wrote. She further stated that “bipartisan engagement is critical to turning policy into law. And Clarity has it.”
What’s Next For The Crypto Market Structure Bill? Smith also contended that there is more industry advocacy for the CLARITY Act than ever before. “We have a pro-crypto army on the ground, in meetings, working together, and at the negotiating table,” she said. Additionally, the crypto industry’s structure and Washington’s understanding of digital assets have evolved, the Solana Policy Institute President said.
Smith noted that there is a critical window for legislation from July 13 to Aug. 7. She said, “We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.”
9/ Despite what people say, there is still time.
We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.
— Kristin Smith (@KristinSmith) June 25, 2026
She admitted that there have been some obstacles in CLARITY Act negotiations. These include as disagreements on stablecoin yield-related provisions and ethics clause among others. However, she said that leaders have always found “creative ways to keep moving and get closer to yes.”
Thousands of hours have already been spent by lawmakers, administration officials and industry participants on the CLARITY Act, Smith added. In addition, she even pointed out that negotiators are hoping to make progress on the bill before Congress goes into recess in August.
The combined market capitalization of the US stock market's "Magnificent Seven" evaporated over $3 trillion in June.
According to Bitget market data, the combined market capitalization of the U.S. "Magnificent Seven" tech giants has shrunk by over $3 trillion since June, on track to set the largest monthly market cap drawdown in history. All seven companies—Microsoft (MSFT), Nvidia (NVDA), Google parent Alphabet (GOOGL), Tesla (TSLA), Amazon (AMZN), Meta (META), and Apple (AAPL)—closed lower across the board on Thursday.
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Since MicroStrategy first started selling its bitcoin holdings, MSTR has nearly halved, generating an unrealized profit of $1.32 million for a whale that shorted at the peak.
According to Hyperinsight monitoring, MicroStrategy (MSTR), the Bitcoin treasury proxy stock, remains under persistent pressure. Since the company’s first Bitcoin reduction in years (it sold 32 BTC at the end of May to cover preferred stock dividends), MSTR has fallen 48% cumulatively, dropping another 13.8% in the past 24 hours. It is currently trading at $82 on Hyperliquid, hitting a two-year low and leading declines in the HIP-3 market. The unrealized loss on the company’s Bitcoin holdings exceeds $13 billion. Across on-chain addresses, total short positions stand at ~$5.55 million, long positions at ~$5.86 million, with a short-to-long nominal ratio of ~0.95. In terms of entry costs, the average long position is ~$97.24, while the average short position is ~$103.31. The current price of $84 has fallen below the long average, pushing most longs into losses. The nearest long liquidation line is at $76.25, roughly 9.3% below the current price. One high-level short position opened at $130.65 with 10x leverage, holding $2.4 million in positions and boasting an unrealized profit of $1.32 million. Three new short positions have entered amid today’s sell-off. Address: 0x3dc908374e11623d8eb9f07dfc7a2e5e803a54b0 – HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message-sending permissions) to automatically sync on-chain updates.
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South Korean stocks plummeted 8%, SK Hynix fell 9%.
According to Bitget market data, South Korea’s KOSPI index has continued to slump, with its decline expanding to 8%. SK Hynix fell more than 9%, and Samsung Electronics dropped nearly 9%.
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European and U.S. stock index futures extend their declines.
According to Bitget’s market data, US and European stock index futures continue to slump: Nasdaq 100 futures extended losses to 1.6%, S&P 500 futures fell 0.7%, Dow futures dropped 0.18%, Euro Stoxx 50 futures declined 0.9%, Germany’s DAX futures fell 1%, and UK FTSE futures dropped 0.8%.
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The broader crypto market saw widespread declines, with BlackBerry bucking the trend to rally alone, as one trader notched a 70% return.
According to Hyperinsight’s monitoring, against the backdrop of high PCE inflation and broad tech stock sell-offs, BlackBerry (BB)’s Q1 revenue rose 26% year-over-year, beating guidance and raising its full-year outlook, standing out amid the downturn. On the Hyperliquid platform, BB’s 24-hour contract price surged 12.6% to $10.28. On-chain whales are overall bearish: total nominal short positions stand at ~$9.6 million, 2.17 times the long positions ($4.42 million), indicating a large net-short stance. However, the average entry price for short positions is ~$9.25, which has now been surpassed by the current price of $10.28, leaving shorts collectively in short squeeze unrealized losses. In contrast, the average entry price for longs is ~$9.05, resulting in overall unrealized profits. Looking at liquidation line distributions: the nearest short liquidation line is at $13.2, ~28.4% above the current price; the nearest long liquidation line is at $6.72, ~34.7% below the current price. Notably, the address with the largest profit holds a 5x leveraged long position worth $1.33 million, with an average entry price of $8.8, currently boasting a 70% return. Address: 0xfc079a49e371976f559bea0cd1c1f87a5f5b9464
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Wall Street consensus has converged: S&P 500’s year-end target of 8,000 has emerged as a new psychological anchor, with bulls and conservative forecasters lifting their outlooks in lockstep.
Wall Street’s differing views on year-end U.S. stock market levels are narrowing, with 8,000 points for the S&P 500 emerging as a new psychological anchor. Fundstrat raised its year-end target for the index from 7,700 to 8,000; Goldman Sachs, Morgan Stanley, Deutsche Bank, and Societe Generale have also set targets near this level. Goldman Sachs previously lifted its 2026 S&P 500 target from 7,600 to 8,000, citing that earnings growth and AI investments continue to underpin the index, rather than relying solely on valuation expansion. Even the more conservative cohort is boosting targets: JPMorgan Chase raised its target from 7,600 to 7,800, while Barclays and Stifel also adjusted their year-end targets to 7,800. Barclays lifted its 2026 S&P 500 earnings per share forecast from $321 to $337, and set a 2027 target of 8,800 points. The shared rationale behind these moves includes upward revisions to corporate earnings, AI capital expenditure, improved visibility into tech sector profits, and easing geopolitical risks. However, this consensus does not equate to zero risk. JPMorgan Chase warned that momentum stocks, semiconductors, storage stocks, and second-tier AI concepts have become overcrowded in trading, and low-quality and speculative growth stocks may see sharp declines. It favors a barbell allocation strategy of "quality growth + low-volatility quality".
PANews June 26 news, according to SolanaFloor, the Solana Foundation stated that after cloud server provider Cherry Servers disclosed a security incident in its legacy monitoring system, validators hosted on that server should check their Sensu logs. Potentially affected validators are advised to rotate their identity keys, review exposed credentials, and rebuild the host if compromise cannot be ruled out.
PANews, June 26 – According to SolanaFloor, the Kazakhstan Stock Exchange (KASE), one of the largest stock exchanges in Central Asia, has listed Volatility Shares' Solana ETF (SOLZ). Earlier this year, KASE launched Kazakhstan's first licensed digital asset platform, which is built on the Solana network.
PANews June 26 news, according to SoSoValue data, yesterday (Eastern Time June 25) the total daily net outflow of SOL spot ETF was $3.9374 million.
Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw net outflows, with a single-day net outflow of $3.9374 million. Its historical total net inflow now stands at $888 million.
As of press time, the total net asset value of SOL spot ETF is $756 million, the SOL net asset ratio is 1.96%, and the historical cumulative net inflow has reached $1.128 billion.
Solana Mobile’s dApp Store added 96 new applications in the span of a single week, pushing total listings to 1,561. The store had roughly 700 apps back in March 2026, climbed past 817 in April, crossed the 1,000 threshold in early June, and now sits at 1,561. That’s more than doubling its catalog in about three months.
Why developers keep showing up The Solana dApp Store charges developers a 0% platform fee. Zero. Not 15%, not 30%, not some convoluted tier system. Nothing. Compare that to Google’s 15-30% cut or Apple’s famously contentious 30% commission.
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The store operates as an Android distribution platform, meaning it runs alongside Google Play on Solana’s Seeker smartphone rather than replacing it entirely.
Solana Mobile has also introduced a feature called dApp Spotlight, a curated carousel surfacing quality applications for users. The platform has also introduced AI-driven tools for ratings and reviews.
The hardware equation Solana Mobile’s Seeker smartphone has now shipped more than 150,000 units. The Seeker includes hardware-level security features like the Seed Vault Wallet, which handles private key management and asset storage directly on the device.
The SKR token and ecosystem economics Solana Mobile launched the SKR token in January 2026 with a total supply of 10 billion tokens. The token serves multiple functions within the ecosystem, including governance, staking, and user incentives.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews, June 26 news, according to Cryptobriefing, Nasdaq-listed Solmate (formerly Brera Holdings) has seen its stock price plunge over 98% since completing a $300 million financing and transforming into a Solana treasury company. The company has received investments from institutions including ARK Invest, Pulsar Group, RockawayX, and the Solana Foundation, and currently holds about 2 million SOL, but SOL has declined by roughly 50% over the past year, leaving the company’s financial condition highly dependent on SOL’s price and liquidity.
Earlier on June 23, news reported that Solmate’s largest shareholder sued the board, alleging disclosure violations and self-dealing.
TLDR SOL has recovered from the $60 support level and currently trades in the $64–$69 corridor, though it sits below crucial exponential moving averages Bearish signals dominate derivatives markets: the long-to-short ratio declined to 0.94 while funding rates entered negative territory SOL has recorded eight straight monthly losses, representing the longest losing streak in the token’s trading history Technical analyst BATMAN identified SOL caught within a symmetrical wedge pattern displaying bearish MACD divergence beneath the 200 EMA around $74 Despite market challenges, spot Solana ETFs attracted $137,290 in net capital inflows on Tuesday, indicating persistent institutional participation Solana has managed to defend the critical $60 threshold, though the subsequent rebound appears tentative. Currently trading near $69, the token remains constrained beneath important moving averages while confronting multiple resistance barriers.
Solana (SOL) Price The $60 region has emerged as a significant psychological floor. Demand materialized at this level, propelling SOL upward by more than 5% over a 24-hour period at its peak. However, selling pressure continues to mount at higher price points.
Derivatives market indicators paint a cautious picture. According to CoinGlass data, Solana’s long-to-short ratio slipped to 0.94 on Wednesday. This sub-1.0 reading indicates short positions have overtaken long positions, reflecting pessimistic trader sentiment.
Funding rates also flipped negative during the early week period, registering -0.0080% on Wednesday. This configuration means short sellers are compensating long holders, a dynamic that generally suggests market participants anticipate further price deterioration.
On June 24, cryptocurrency analyst BATMAN highlighted that SOL appears confined within an expansive symmetrical wedge formation. As volatility contracts toward the pattern’s convergence point, price action continues struggling beneath the 200 EMA positioned near $74. The MACD indicator displays bearish divergence alongside waning momentum. BATMAN emphasized that Solana is “running out of room” and questioned whether SOL would breach the $69 level.
Solana is reaching a decision point.$SOL is trapped inside a massive symmetrical wedge as volatility compresses toward the apex.
Price continues to struggle below the 200 EMA near $74 while MACD is printing bearish divergence and losing momentum.
Critical Resistance Zones Ahead SOL currently trades beneath its 50-day, 100-day, and 200-day exponential moving averages. This creates a layered resistance structure that bulls must overcome to establish meaningful upside momentum.
Source: TradingView The initial obstacle appears around $74.75. Beyond that lies the 50-day EMA positioned near $76.18. A more substantial advance could challenge the 50% Fibonacci retracement level at $79.27, followed by the 100-day EMA at $83.03.
The MACD on the 4-hour timeframe shows signs of consolidation, while the RSI hovers around 46, remaining below the neutral 50 threshold. Neither technical indicator suggests imminent bullish momentum from present price levels.
The monthly chart reveals particularly concerning dynamics. Analyst Ash Crypto highlighted that SOL has now produced eight consecutive red monthly candles, an unprecedented occurrence throughout its trading existence. The monthly RSI has reached more oversold territory than during the 2022 FTX crisis, when SOL plummeted to approximately $8.
$SOL is the most oversold it has EVER been.
– Solana just hit a 3-year low of $60.
– Down -80% from its ATH.
– 8 consecutive red monthly candles for the first time in history.
– $SOL Monthly RSI is more oversold than the 2022 FTX crash when sol crashed to $8.
Do you think the… pic.twitter.com/XrQs1444SA
— Ash Crypto (@AshCrypto) June 6, 2026
Emerging Support Indicators Not all market signals lean bearish. According to SoSoValue data, spot Solana ETFs registered $137,290 in net capital inflows on Tuesday. While this represents a relatively small amount, it demonstrates ongoing institutional appetite.
Several market observers are monitoring the $50–$40 range as a potential accumulation territory. Rod’s technical framework suggests that if SOL establishes a foundation within this zone, a prolonged recovery trajectory toward $175 could materialize. Meanwhile, Trader Symba’s SOL/BTC pair analysis identifies a long-term demand zone in the vicinity, projecting eventual new peaks above $300.
CryptoJack noted a trendline breakout on the 1-hour chart, suggesting immediate downward pressure may be diminishing. Essential support levels to maintain are $62–$63, with upside objectives positioned at $68, $70, and subsequently $76.
As of Wednesday, SOL’s long-to-short ratio stood at 0.94 and funding rates measured -0.0080%, with the token trading around $69.58.
Solana managed to hold above the $60 mark after the latest wave of declines. The cryptocurrency rebounded amid renewed buying interest, reaching around $69.58 on Wednesday. However, the recovery has so far been limited, with the asset remaining below several key moving averages, signaling continued resistance at higher levels.
Cautious signals dominate derivatives dataShort-term indicators from derivatives markets highlight a cautious mood among traders. According to CoinGlass, Solana’s long-to-short ratio dropped to 0.94 on Wednesday. With the ratio falling below 1, short positions have overtaken longs, reflecting increased caution and a bearish investor sentiment in the market.
Mini glossary: The funding rate is a periodic payment between long and short positions in futures markets. When the rate turns negative, it means traders holding short positions are paying those with long positions, usually a sign that bearish expectations are growing.
Earlier this week, Solana’s funding rate slipped into negative territory. On Wednesday, it stood at minus 0.0080%, confirming that short position holders were compensating longs. This pattern often emerges during periods when further price declines are widely anticipated.
Analyst BATMAN noted that Solana’s price is currently squeezed within a broad symmetric wedge pattern, volatility is narrowing, and pressure persists below the 200-day exponential moving average near $74.
Resistance levels and technical indicators limit upsideFrom a technical perspective, the first significant resistance stands at $74.75. Just above, the 50-day exponential moving average comes in at $76.18. Should Solana attempt a more robust recovery, traders are watching the 50% Fibonacci retracement at $79.27, followed by the 100-day exponential moving average at $83.03.
IndicatorLevelMeaningSupport$60Identified as a key psychological floorInitial resistance$74.75Short-term level to overcome50-day EMA$76.18Acts as a technical ceiling100-day EMA$83.03Level for more sustained reboundsOn the four-hour chart, the MACD indicator suggests an ongoing consolidation phase, while the RSI currently sits at 46, remaining below the neutral 50 level. The overall picture signals a lack of clear bullish momentum for Solana in the near term.
Historic weakness stands out on the monthly chartA closer look at the monthly timeframe reveals more pronounced weakness. Analyst Ash Crypto highlighted that Solana has posted eight consecutive months of declines—a record losing streak in the cryptocurrency’s trading history. The monthly RSI is also lower than levels seen during the FTX collapse in 2022, pointing to an extremely oversold market.
According to the data, Solana remains down about 80% from its all-time high and has fallen for eight straight months, with the monthly RSI now at one of its most oversold historic levels.
Institutional interest not fully lostDespite the overwhelmingly bearish signals, not all indicators are negative. Spot Solana ETFs saw net inflows of $137,290 on Tuesday, according to SoSoValue, a prominent digital asset data platform. While the sum is modest, it signals that some institutional interest in Solana persists.
Some market participants now view the $50–$40 range as a potential accumulation zone. In the short term, holding above the $62–$63 band is seen as critical for support. On the upside, immediate targets include $68, $70, and $76 should momentum improve.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The cryptocurrency market was shaken by another wave of decline last night. Bitcoin (BTC) fell below $60,000, while Ethereum and major altcoins also saw significant pullbacks.
No single trigger has been identified for the sell-off. Reasons cited include the Fed’s hawkish stance, six consecutive weeks of outflows from spot ETFs, decreased liquidity during the summer months, and the expiration of quarter-end options on June 30th.
Due to the recent declines, the negative sentiment and outflows in US spot ETFs continue. At this point, outflows from ETFs have reached record levels.
According to a report by the US financial platform Kobeissi Letter, there has been a net outflow of $6.4 billion from US spot Bitcoin ETFs in the last 30 days. This figure represents the largest monthly net outflow recorded to date.
With these outflows, cumulative inflows into spot BTC ETFs over the past 12 months have also fallen to $5 billion. The current figure is about half of the $10 billion recorded in October last year.
According to Farside Investors data, US spot Bitcoin ETFs saw net outflows for the fifth consecutive day. On Wednesday, ETFs experienced net outflows of $469 million.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $239.3 million, followed by Fidelity’s FBTC fund with $120.8 million.
Bitwise’s BITB fund saw outflows of $27.5 million, Ark Invest’s ARKB fund outflows of $50.7 million, and Grayscale’s GBTC fund outflows of $54.3 million, while Grayscale’s Mini BTC fund was the only fund to experience an inflow of $23.6 million.
In contrast, Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flow.
Outflows Continue in Ethereum ETFs! Ethereum ETFs also experienced outflows. According to Farside Investors data, spot Ethereum ETFs saw net inflows for the fifth consecutive day, resulting in a total net outflow of $30.2 million.
According to the data, outflows were observed in three funds. Fidelity’s FETH fund topped the list with an outflow of $15.7 million. It was followed by BlackRock’s ETHA fund with $8.1 million and Grayscale’s Mini Ethereum (ETH) fund with $6.5 million.
In contrast, BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET funds all recorded 0 flows.
What’s the Situation with Solana and XRP ETFs? While Bitcoin and Ethereum ETFs are experiencing outflows, the situation is mixed in altcoin ETFs.
Accordingly, XRP spot ETFs saw inflows of $2.05 million, while Solana spot ETFs recorded zero inflows yesterday.
*This is not investment advice.
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On a day when Bitcoin crashed to a 20-month low and XRP fell 8%, Solana did something quietly impressive: it held up better than any other major coin. SOL is down less than 4% on the week, outperforming the entire large-cap field in a brutal selloff. The relative strength is not luck. It traces to a unique ETF feature and steady upgrade progress. Here is what’s happening with SOL.
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week (live SOL price on CoinGecko). That makes it the most resilient major coin this week, falling less than Bitcoin’s broader decline and far less than XRP’s 8% slide, even as a liquidation cascade dragged Bitcoin to a 20-month low near $60,000. SOL holds the number 7 spot by market cap. It remains in a downtrend below its moving averages, but its outperformance stands out in a market where almost everything is bleeding.
The relative strength is worth understanding, because it points to what is supporting SOL when little else is holding.
Why Solana is outperforming in the selloff In a broad risk-off move driven by liquidations, a seventh week of Bitcoin ETF outflows, and a hawkish Fed, high-beta altcoins usually fall hardest. Solana, despite being high-beta, is bucking that pattern this week. A few things explain it.
The standout is its ETF structure. Among major assets, Solana’s spot ETFs are unique in that they launched with staking enabled, passing validator rewards to shareholders. That yield component makes SOL ETFs more attractive than Bitcoin or Ethereum ETF products, which offer no staking return. In a market where institutions are pulling money from non-yielding Bitcoin ETFs, an ETF that pays a staking yield is comparatively more appealing, and Solana has attracted some of the only consistent positive ETF flows among majors in recent sessions. That distinct demand is part of why SOL is holding up.
The upgrades supporting Solana Beyond ETFs, steady fundamental progress is reinforcing confidence. Two major upgrades are advancing. Alpenglow, Solana’s consensus overhaul, is live on a test cluster, a significant step toward dramatically faster transaction finality. And Firedancer, the new validator client from Jump Crypto, continues its careful rollout, with its lead engineer emphasizing performance improvements and rigorous testing aimed at boosting reliability and throughput.
Together, these upgrades target Solana’s two historical weak spots, speed and network outages, and their progress reassures investors that the network is building durable infrastructure rather than just riding market cycles. In a fearful market, demonstrable technical progress and reliability improvements give SOL a fundamental anchor that many altcoins lack.
The risk that remains Solana’s resilience this week should not be mistaken for immunity. It is still in a downtrend, still down on the week, and still exposed to the same macro forces dragging the whole market lower: the hawkish Fed, the strong dollar, and crypto trading down alongside AI stocks. If Bitcoin breaks decisively lower toward the $55,000 region some analysts flag, SOL would likely follow.
There is also Solana’s reliance on speculative activity. A cooling memecoin cycle earlier this month trimmed network fees, a reminder that part of its on-chain activity is speculative and can deflate. Solana is outperforming on a relative basis, but relative strength in a falling market still means falling, just less than the rest.
SOL/USD: Key Levels to Watch On the downside, $66 is the immediate support, with the $62 to $63 zone below it as the level that has held through recent dips. A break there would align with deeper Bitcoin weakness. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal. Holding above $66 keeps the relative-strength story intact.
Bottom Line Solana at $69 is the most resilient major coin this week, down less than 4% while Bitcoin hit a 20-month low and XRP fell 8%. The outperformance traces to its unique staking-enabled ETFs drawing demand when Bitcoin ETFs bleed, plus steady progress on its Alpenglow and Firedancer upgrades.
SOL is not immune, it remains in a downtrend tied to the weak macro backdrop and would follow Bitcoin lower if the selloff deepens. But its relative strength and fundamental anchors are encouraging. Watch the $66 support and the $72 reclaim level. As long as Solana keeps outperforming on the way down and shipping upgrades, it stays better positioned than most for whenever the market turns.
FAQ What is the Solana price today?
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week. That makes it the most resilient major coin this week, falling less than Bitcoin and far less than XRP’s 8% slide.
Why is Solana holding up better than other coins?
Solana’s relative strength traces to its unique staking-enabled spot ETFs, which draw demand when non-yielding Bitcoin ETFs are bleeding, plus steady progress on its Alpenglow and Firedancer upgrades that reassure investors about the network’s future.
What makes Solana’s ETF different?
Among major assets, Solana’s spot ETFs launched with staking enabled, passing validator rewards to shareholders. This yield component makes them more attractive than Bitcoin or Ethereum ETFs, which offer no staking return, especially when institutions are pulling money from non-yielding products.
What are the key Solana levels to watch?
Immediate support is $66, with the $62 to $63 zone below it. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal.
Is Solana immune to the crash?
No. Solana is outperforming on a relative basis but remains in a downtrend, still down on the week and exposed to the same macro forces. If Bitcoin breaks toward $55,000, SOL would likely follow. Relative strength in a falling market still means falling, just less.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Paxos built PAXG to remove the operational overhead of holding gold. Storage, custody, and transfer are handled at the token level, backed 1:1 with the world’s finest gold and overseen by federal regulators, so holders get direct exposure to physical gold without the infrastructure burden that comes with it. As gold continues its strongest bull cycle in two decades, more investors are seeking the convenience of tokenized gold: lower-cost, faster to settle, and instantly transferable. PAXG has grown over 300% since 2024 and demand continues to increase.
Today we're extending PAXG to Solana, the first step in PAXG's multi-chain expansion. You can find more information about where to buy PAXG on Solana here.
What Is PAXG?Pax Gold (PAXG) is a digital token where one token equals one fine troy ounce of physical gold.
Each ounce is stored in London Bullion Market Association (LBMA) accredited vaults. The gold reserves are attested monthly by KPMG, providing token holders with regular, independent verification that every PAXG in circulation is fully backed by physical gold. In addition, the reserves undergo an annual physical audit conducted by Bureau Veritas, an independent inspection and certification body. This audit is limited to physical verification procedures performed on-site and does not constitute an attestation of ownership, valuation, or overall asset backing, but provides an additional layer of independent verification of the vaulted gold. If you hold PAXG, you hold the underlying physical gold under the legal custody of Paxos Trust Company, National Association.
We issue PAXG as a national trust bank regulated by the Office of the Comptroller of the Currency (OCC), one of the most rigorous oversight frameworks available for a digital asset issuer. That regulatory posture is not incidental and sets us apart in the market. It means your gold is held under legal custody, with monthly public attestations and full bar-serial transparency through our Gold Allocation Lookup tool.
A few specifics that differentiate PAXG from other ways to own gold:
No custody fees. Gold ETFs charge 10 to 40 basis points per year just to hold your position. PAXG charges zero for storage.
Near-instant settlement. On-chain transfers settle in seconds, compared to T+1 for Gold ETFs and T+2 for LBMA bars.
Redeemable for physical bars, unallocated gold, or USD. PAXG is redeemable for LBMA Good Delivery gold bullion bars (requires holder to have 430 PAXG), unallocated Loco London Gold, or USD at current market price. This can be completed through the Paxos site.
No accredited investor gate, no brokerage account, no large bar minimums.
How Is PAXG Created?Every PAXG token begins with physical gold. When demand for PAXG increases, Paxos purchases unallocated gold from our supplier, which is then allocated to LBMA-accredited vaults in London as Good Delivery bars. Once the gold is vaulted, it is tokenized: PAXG tokens are minted on-chain and held in Paxos' inventory wallets. When a customer buys PAXG from Paxos directly, tokens transfer directly from Paxos inventory to their wallet.
Every token in circulation is backed by a specific, auditable bar of physical gold. The flow is always the same direction: gold enters the vault before tokens enter the market.
Why Solana, and Why NowPAXG launched on Ethereum in 2019. In the past two years, the number of holders more than doubled, and average holding size more than tripled from $7,000 to $26,000.
That growth signals the opportunity to expand PAXG into new ecosystems and put it in the hands of more builders and users.
Solana's real-world asset ecosystem crossed $2.5 billion in TVL in May 2026, up from $215 million just twelve months ago. Transaction fees average a fraction of a cent, with sub-second confirmation and 99.9%+ uptime over the past year. It is an ecosystem mature enough to support a regulated, allocated gold token immediately at launch, with an active DeFi base ready to integrate native assets.
We are partnering with Sunrise Defi on our Solana expansion to bring PAXG natively to the ecosystem with active DeFi markets across major Solana DEXs and seamless integration into Solana wallets and aggregators.
Solana is the start of our multi-chain expansion for PAXG. Every piece of infrastructure we are shipping in this launch is designed to extend cleanly to every chain that comes next.
How We Built the InfrastructureGetting here required one foundational upgrade and one new deployment. Both matter for Solana and for every chain that comes after.
ETH PAXG Contract Upgrade
Expanding to new chains starts at the contract level. We upgraded the PAXG token contracts to support omnichain functionality across both EVM and non-EVM networks, with an architecture designed to extend cleanly as we add more chains.
The upgraded contracts maintain all existing compliance controls, the same supply verification that underpins our monthly KPMG attestations, and full auditability of every token in circulation across every chain where PAXG is live.
The upgraded contracts are open source, independently audited by Zellic, and available for review in our PAXG GitHub repository.
Existing Ethereum holders can bridge directly through the Paxos platform or through
LayerZero Stargate
. No re-purchasing, no re-custodying, no new attestation required.
PAXG on Solana: The Token Implementation
The Solana deployment of PAXG is built on the Token-2022 program, Solana's extended token standard that enables native compliance controls at the token level.
This is the same standard Paxos used for PYUSD and USDG on Solana. It lets us enforce the same regulatory requirements that exist on Ethereum without relying on a separate contract layer to do it.
The Permanent Delegate extension ensures PAXG on Solana meets the same regulatory requirements as the Ethereum contract. The result is a Solana-native PAXG token that carries the same compliance posture and supply verifiability as the Ethereum original.
This Is the FoundationThe Solana launch is the first step in PAXG's multi-chain expansion. The contract upgrades and infrastructure we shipped today are built to add new chains faster with less overhead each time.
Whether you're a builder integrating tokenized gold into a Solana application or an institutional investor looking to learn how to buy PAXG, reach out here to get started or learn more.
Footnotes:
¹ Solana RWA TVL growth from $215M to $2.5B over twelve months as of May 2026. Source: RWA.xyz. Reported independently by MEXC News and CryptoNews.net.
² Solana lending markets reaching $3.6B: as of December 2025 per DeFiLlama. Verify current figures before publication at defillama.com/chain/Solana as lending TVL fluctuates.
³ Last officially confirmed major outage: February 6, 2024, per the Solana Foundation's June 2025 Network Health Report. As of mid-2025, Solana had gone over 16 consecutive months without a major confirmed outage.
Paxos-issued compliant gold token PAXG goes live on Solana mainnet
PANews June 25 news, Paxos-issued gold token PAXG has gone live on the Solana mainnet via the Sunrise protocol, becoming the first gold token regulated by the U.S. Office of the Comptroller of the Currency (OCC) and available in the Solana ecosystem.
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Among the highlighted technical themes is zero-knowledge proof (ZKP) technology, which allows information to be verified without revealing its content. This targeted approach aims to address longstanding security vulnerabilities present in traditional blockchain bridges, a subject of considerable debate in the industry.
Mini glossary: A zero-knowledge proof is a cryptographic method that allows someone to prove the validity of information without disclosing the information itself. Layer 2 refers to scaling solutions that process transactions off the main network and settle results on Ethereum.
Layer 2 interoperability strategy on the riseThis strategy closely aligns with Ethereum’s ongoing shift towards a rollup-centric approach, where an increasing portion of transactional load is handled by Layer 2 solutions. The network’s fragmented ecosystem structure has underscored the urgency of seamless interoperability between various components.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PAX Gold, the gold-backed token issued by Paxos, is now tradeable on Jupiter, Solana’s dominant DEX aggregator. The integration was made possible through Sunrise DeFi, a liquidity gateway built by Wormhole Labs that handles the messy plumbing of onboarding new assets to Solana.
PAXG is the first gold token regulated by the Office of the Comptroller of the Currency to land on Solana.
How Sunrise makes it work Instead of forcing each new asset to negotiate with individual DEXes, liquidity providers, and block explorers one at a time, Sunrise bundles the entire onboarding process into a single pipeline. The result is day-one trading access the moment an asset goes live.
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A token like PAXG doesn’t have to sit in limbo for weeks while liquidity slowly materializes across fragmented venues. Sunrise pre-coordinates with Jupiter and other infrastructure partners, including the Solana block explorer Orb, so that trading and price discovery can happen immediately.
The platform has already tested this playbook with other assets. Bittensor’s TAO token was recently onboarded through the same process, suggesting that Sunrise is building a repeatable framework rather than a one-off integration.
Why gold on Solana matters PAXG is one of the more straightforward tokenized assets in crypto. Each token is backed by one fine troy ounce of London Good Delivery gold, held in Brinks vaults. Paxos, the issuer, operates under a New York State trust charter and is regulated by the OCC, which makes PAXG one of the few gold tokens with a clear regulatory pedigree.
Solana’s transaction fees are measured in fractions of a cent, and block times hover around 400 milliseconds.
What this means for investors Solana DeFi users can now trade a regulated gold token without bridging to Ethereum, paying Ethereum gas fees, or dealing with the latency of a slower network.
For Jupiter specifically, each new asset integration adds trading volume and fee revenue. Jupiter already dominates Solana’s DEX aggregation layer, and the Sunrise partnership effectively turns it into the default landing pad for cross-chain assets entering the ecosystem.
Wormhole, the bridge protocol behind Sunrise, suffered a high-profile exploit in 2022 that drained hundreds of millions of dollars. The team has overhauled its security since then, but the history is worth noting for anyone allocating significant capital through this pathway.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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Projects like Ondo Finance, which has become one of the most prominent names in tokenized Treasuries, have expanded their presence on Solana.
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Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
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While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Exponent Finance just rolled out the feature that traditional finance has used for decades but DeFi has largely ignored: risk tranching. The Solana-based yield exchange launched its V2 platform on June 24, introducing a system that lets users pick their poison, either principal protection with modest returns or a higher-risk bet chasing outsized yield.
The first market uses ONyc, a reinsurance asset from OnReFinance, split into two tranches. The senior tranche (srONyc) targets roughly 6.4% APY with downside protection baked in. The junior tranche (jrONyc) aims for around 31.4% APY, absorbing more risk in exchange for the juicier number. In English: senior tranche holders get paid first if things go sideways, while junior tranche holders eat the losses first but collect bigger rewards when things go well.
How the tranching mechanics work Think of it like a layered cake where the bottom layer takes all the weight. Junior tranche depositors essentially cushion the senior tranche above them. If the underlying yield underperforms, junior holders absorb the shortfall before senior holders feel anything. If it overperforms, junior holders capture the excess.
The alpha phase launches with a $2.5 million cap, a deliberate constraint designed to stress-test the system with real capital before scaling up. Launch rewards exceeding $200K are available to early participants.
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Alongside the tranching product, V2 introduces Strategy Vaults and what Exponent calls an enhanced liquidity engine. Strategy Vaults are essentially pre-built portfolio positions that automate allocation across different yield opportunities. Rather than manually managing tranche positions, users can deposit into a vault that handles rebalancing according to a defined strategy.
Why this matters for Solana’s yield landscape The choice of a reinsurance asset as the first market is deliberate. Real-world asset (RWA) yields represent one of the fastest-growing segments in DeFi, and reinsurance specifically offers yield that’s uncorrelated with crypto market volatility. Pairing RWA yield with on-chain risk tranching creates a product that looks genuinely different from the usual lending-and-borrowing fare.
Exponent has been building toward this for a while. Since its mainnet launch in 2024, the protocol has recorded billions in trading volume without a security breach. The team has completed 12 tier-1 audits and allocated roughly $1 million specifically toward security measures.
On the funding side, Exponent has raised approximately $7.1 million in total. That includes a $2.1 million seed round in 2024 and a $5 million raise in April 2026.
What this means for investors Risk tranching isn’t a new concept in DeFi. Protocols like Tranche Finance and BarnBridge explored similar ideas during previous cycles, mostly on Ethereum. But adoption was limited, partly due to gas costs and partly because the underlying yield sources weren’t compelling enough to justify the added complexity.
For conservative investors, the senior tranche offers yield with a structural buffer against losses. For more aggressive participants, the junior tranche provides leveraged exposure to yield without the liquidation risk that comes with traditional leverage.
The $2.5 million cap on the alpha phase means this is still a small-scale experiment. Exponent plans to expand beyond the ONyc asset into other yield markets. The real test will be whether the tranching system maintains its target yields as more capital flows in and whether demand balances naturally between senior and junior tranches, because the whole structure depends on enough risk-hungry capital sitting in the junior layer to protect the conservative layer above it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The structural boundary separating multi-national cross-border fiat networks from decentralized consensus layers has eroded further. In a significant operational shift, global payments pioneer MoneyGram has officially transitioned from a consumer of blockchain utilities into an active network infrastructure operator by launching a live validator node on the Solana network. The technical deployment signals a deep evolution for the legacy remittance mainstay. After spending more than five years systematically embedding distributed ledger technology (DLT) and stablecoin settlement mechanics into its internal treasury systems, product development pipelines, and global payment operations, MoneyGram is now helping operate the underlying networks themselves. The firm will contribute directly to the cryptoeconomic security, transactional integrity, and block-production performance of one of the world’s highest-performing public blockchains.
From Software Integration to Network Operation MoneyGram’s activation on Solana does not represent an isolated IT experiment, but rather the scaling of a mature, multi-network infrastructure strategy. Solana marks the third prominent blockchain ecosystem where the global money transfer enterprise functions as an active network validator, following its established node operations on the Tempo and Midnight networks.
By operating its own validator architecture, MoneyGram moves past the standard industry practice of utilizing external third-party nodes to route digital liquidity. Instead, the institution shifts into a position where it actively processes, validates, and finalizes on-chain transactions. This structural change grants the payment utility first-hand oversight of network health and consensus mechanics, moving it deeper into the foundational architecture that dictates digital asset velocity.
Shaping the Institutional Developer Stack Simultaneously, MoneyGram has secured a position as an early adopter on the Solana Developer Platform. The collaborative environment is specifically engineered to allow global financial mainstays to iterate, test, and co-create production-grade enterprise blockchain tools. Within this dedicated development framework, MoneyGram joins other institutional heavyweights, such as Mastercard, who are collectively working to shape institutional blockchain infrastructure.
The convergence of global credit card networks and multi-national remittance entities onto the Solana Developer Platform highlights a growing macroeconomic trend. Established enterprise financial groups are increasingly abandoning isolated private sandboxes in favor of scalable, public ledger architectures that natively offer high throughput and low-latency execution fees.
The Architecture of Interoperable Settlement Ultimately, MoneyGram’s dual play on Solana underscores a long-term commercial thesis. The company’s multi-year engineering roadmap is explicitly aimed at fostering a global financial ecosystem anchored by asset-backed digital settlement that bypasses the friction points of traditional correspondent banking.
By operating the very node systems that process high-frequency global trades, MoneyGram is positioning its business model to lead the transition toward real-time, public-ledger settlement. The strategy effectively fuses a century of cross-border compliance, identity verification, and multi-currency liquidity management with the programmatic efficiency of open-source Web3 protocols. As institutional capital continues to migrate on-chain, the firm’s position as both a consumer transaction provider and a network validator provides a compelling template for the future of global money movement.
SBI Holdings, Ripple’s XRP banking partner in Japan, has signed the deal to purchase crypto exchange Bitbank for around ¥46.7 billion ($288.65 million).
XRP Veteran SBI Holdings Moves To Finalize Bitbank Deal On Thursday, June 25, the Japanese financial behemoth announced that it would buy Bitbank using its 100 percent-owned subsidiary, SBICAH LLC. As part of the transaction, SBI will have 100% stake in the exchange once all the related steps are finalized.
For XRP supporters, this acquisition is important as it builds on the efforts of a prominent crypto venture in Japan. SBI Holdings has been pushing Ripple-related projects and XRP payment solutions in its overall digital asset strategy for a decade now. Recently, the SBI Group even launched the RLUSD stablecoin in Japan after regulatory approvals.
The Bitbank deal involves SBI Group buying back 53,704 shares from the existing shareholders of Bitbank. It will also purchase another 48,952 shares as part of a capital increase. The total acquisition cost is around ¥46.7 billion, per the announcement today.
The transfer of shares is expected to be completed in August 2026. The remaining steps and capital increase are expected to be completed around October 2026. However, the deal is contingent on regulatory clearance, such as from Japan’s Fair Trade Commission.
Why Is The Bitbank Acquisition Important? According to SBI, the Bitbank deal will enhance its crypto business in Japan. The company confirmed that it is on a mission to grow its crypto exchange business and develop stablecoins, on-chain finance, and other opportunities. Further, the buyout comes on the heels of its yen-backed JPYSC stablecoin debut on Tuesday.
In the release, SBI Group stated, “By welcoming Bitbank into our group, our group will mutually utilize the customer base, service development capabilities, security and compliance systems, and management resources of both companies.”
The Ripple partner also pointed out the size of the deal it would involve. According to data from April 2026, the joint SBI and Bitbank VC Trade will operate approximately ¥1.1 trillion worth of customer assets. Further, it would support approximately 2.92 million crypto accounts.
That would rank the group as the leader of Japanese crypto exchanges in terms of assets under management, according to SBI. Moreover, it would also boast the highest number of crypto exchange accounts in the country.
The XRP-linked Japanese conglomerate also introduced Solana trading and custody services recently. Hence, acquiring Bitbank could also help in expanding these services and adding support for other cryptocurrencies.
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Institutions: Micron’s long-term agreements reduce industry cyclical volatility.
Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.
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Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
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Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
