Solana is seeking to extend its latest rebound, with the token moving above the key $100 level and approaching critical resistance zones that could determine its near-term trajectory.
Key levels and price structure in focusSOL recently traded between $101 and $102 after a retreat from its late-August high near $110. Although the token stands well above its summer lows, traders are monitoring whether the $100 area can serve as lasting support—a development that could set the stage for further gains.
Technical analysts have identified immediate resistance between $104 and $107, with a more significant liquidity wall appearing from $108 to $110. Breaking above this band could open the door for Solana to approach the $120 level, which analysts see as the next major bullish trigger.
SOL found solid support above $97.70, according to analyst Ucan, who noted the bullish price structure would remain intact while the token holds this threshold. The major breakout area is $120, but the zone between $100 and $110 could shape SOL’s near-term moves.
Solana’s rally in August stalled near $110, and short-term liquidation liquidity remains dense between $108 and $110. Crypto.news tracked resistance at $106.25 and $112.50 following the token’s retreat from its recent high. Daily closes above $110 would reinforce the argument for a rally toward $120, while losing the $97 to $100 range could expose the token to another correction into the low-$90s.
LevelSupport/ResistanceImplication$97.70SupportBullish structure intact if held$100–$102SupportKey test for buyers$104–$107ResistanceImmediate overhead$108–$110ResistanceHeaviest liquidity/congestion$120Breakout resistancePotential for higher targetsInstitutional factors and ETF momentumInstitutional demand continues to act as a crucial source of support for Solana. U.S. Solana exchange-traded funds (ETFs) started September following a robust August, highlighted by an 11-day streak of positive net inflows. However, this pace of inflows has eased, signaling a potential shift in institutional momentum.
Solana ETFs previously surpassed $1 billion in total assets, underscoring the growing interest from institutional investors. The recent slowdown in ETF inflows may be significant, as earlier buying helped support SOL’s rebound from summer lows. A return of strong ETF inflows could provide the liquidity needed to test resistance levels between $108 and $110.
Mini dictionary: Solana ETF – An exchange-traded fund that tracks the price of the Solana cryptocurrency, allowing institutional and retail investors to gain exposure to SOL through traditional brokerage accounts.
On-chain insights: Whales, addresses, and liquidityLarge holders are also drawing attention during SOL’s attempted breakout. Data from the Solana rich list indicates several addresses own millions of SOL, with the largest tracked address recently holding about 5.18 million tokens, representing roughly 1% of tracked supply. Further analysis reveals that many of these addresses are staking accounts rather than major individual holders preparing large sales.
Significant wallet concentrations may appear to signal increased sell pressure on-chain, but they often represent staking pools rather than immediate market liquidity risk.
Market watchers suggest distinguishing between these structural holdings and actual whale activity is essential, as not all large wallets pose an imminent threat to market stability or substantial token releases.
Fomo, the Solana-based social trading app that launched barely a year ago, has overtaken Pump.fun in seven-day protocol revenue according to DeFiLlama data. The milestone marks a notable shift on a blockchain where Pump.fun has been the undisputed revenue king for the better part of two years.
On September 4, Fomo posted $1.76 million in daily protocol revenue. Pump.fun managed $1.1 million the same day. That’s a 60% gap on a single-day basis.
The numbers in context Over a 30-day window, Pump.fun still commands a significant lead: roughly $57 million in revenue compared to Fomo’s $17.6 million. That’s more than three times the output.
Fomo’s trajectory, though, has been steep. Back in July, the app ranked third among Solana protocols by seven-day revenue, pulling in $1.39 million for the week ending July 16. Pump.fun logged $5.51 million over that same stretch. In less than two months, Fomo closed a gap that looked pretty wide.
The revenue model is straightforward. Fomo charges a flat fee of roughly $1 per swap, or about 0.5% as a minimum transaction fee on self-custodial trades. Additional income trickles in through builder-code fees tied to Hyperliquid perpetual futures. There’s no governance token in the picture, which means the protocol’s revenue is actual revenue, not token-subsidized activity dressed up as demand.
From launch to half-billion valuation in 13 months Fomo launched in May 2025 and has moved fast since. The app has raised a total of $94 million across funding rounds, the most significant being a $75 million Series B completed in June 2026. That round valued Fomo at $550 million.
The platform has attracted over 625,000 users and processed billions in cumulative trading volume. Around $25 million of that volume came from first-time buyers using Apple Pay.
What social trading means for the competitive landscape The core difference between these two platforms comes down to user experience philosophy. Pump.fun is a launchpad. Fomo is a social feed with a swap button. Fomo’s features include real-time trade feeds, leaderboards, user follows, and a streamlined one-tap copy trading process.
Pump.fun built its empire on a different thesis: make it trivially easy to launch and trade memecoins. The platform became synonymous with Solana’s memecoin supercycle, generating enormous fees as thousands of tokens were created and traded daily.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Elon Musk-backed Grok AI predicts that by January 1, 2027, Solana (SOL) could trade around $350–$450, with a target range of $380–$420, assuming a full-blown crypto bull market returns by late 2026.
As of September 13, 2026, SOL trades just above $100, significantly below its January 2025 all-time high of around $295–$296. This outlook surpasses many forecasts in the $125–$260 range and aligns with optimistic projections like Standard Chartered’s $400 target for 2027.
The positive scenario relies on improved macro liquidity, increased Solana ETF inflows, successful network upgrades, and ongoing dominance in high-throughput activities.
Historically, SOL has performed well mid-cycle, making a rally from the current levels to the mid-to-high $300s possible in a strong bull market. While speculative, SOL could reach the $350–$450 range by early 2027 if market conditions are favorable, with a focus on $380–$420.
Grok AI Predicts SOL Price: Technical Analysis Supporting the $400+ Thesis Solana is back at an important decision point after failing to hold its latest move toward the $105-$106 region.
For $SOL , I’m treating $98.5-$100 as the support zone keeping the broader rebound intact while daily acceptance above $106 would bring $109-$110.5 back into focus.… pic.twitter.com/9yDM4IMeNi
— 𝗘𝗹𝗹𝗮 (@Ellaweb_3) September 13, 2026
On the higher timeframes, SOL has been consolidating and recovering after a deep drawdown from the 2025 highs, currently holding above key demand zones near $97–$100 while facing near-term resistance in the $102–$110 region.
A sustained break and weekly close above $110–$120 (with volume confirmation) would strengthen the intermediate bullish structure, opening the path toward the $146–$150 area and then the prior cycle high near $290–$300.
In a full bull-market regime, reclaiming the previous ATH often serves as a powerful psychological and technical catalyst for extension; Fibonacci projections and measured moves from the multi-year base and the recent recovery low project into the $350–$450 zone on continued momentum.
Trade On The Most Trusted Exchange in Crypto
Price is holding above rising longer-term moving averages (such as the 50- and 200-day SMAs in the mid-to-high $80s), with neutral-to-constructive RSI readings; a reclaim of short-term momentum (MACD turning higher) would further support upside continuation.
Key supports to defend on any retests include the $97–$100 zone and the broader $83–$88 region; a decisive break below those levels would weaken the near-term recovery thesis.
Overall, the chart setup favors a multi-leg advance with strong upside potential if risk appetite returns, consistent with Solana’s historical pattern of sharp, high-beta rallies once key resistance is cleared in bull-market conditions.
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Bitcoin Hyper Targets Early Mover Upside as Solana Tests Key Levels
If higher-for-longer becomes the base case for crypto, Solana upside from here gets capped by the same forces already priced into a $58Bn-plus asset: institutional flows, ETF rebalancing, and rate-sensitive portfolio math.
That’s a tough environment for outsized returns on an asset this large, which is why some traders are looking earlier in the risk curve, toward infrastructure plays still in price discovery. Bitcoin Hyper (HYPER) is one of those.
It’s a Bitcoin Layer 2 network built with Solana Virtual Machine (SVM) integration, aiming to deliver faster smart contract execution than Solana while settling back to Bitcoin’s base layer.
The presale has raised $33,500,000 at a current token price of $0.0136, with staking rewards available at an unspecified but reportedly high APY.
Its Decentralized Canonical Bridge is designed to move BTC on and off the Layer 2 without custodial middlemen, the kind of plumbing Bitcoin has historically lacked.
Don’t Miss Out Again: Join New Bitcoin Layer 2 Early Here
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.
A cryptocurrency phone maker is warning customers after suspending its third-party marketing email account over unauthorized access.
Solana Mobile says the access happened during a wider security incident at email provider Brevo.
The incident is part of a larger breach at Brevo that affected 138 customer accounts through a Security Assertion Markup Language Single Sign-On (SAML SSO) vulnerability.
Says Solana Mobile,
“Our third-party marketing email provider, Brevo, experienced a security incident affecting some customer accounts, including Solana Mobile. We identified unauthorized access to our Brevo account, disabled the account, and are working with Brevo to understand the scope of information accessed. To our knowledge, no emails were sent from the Solana Mobile account, but we are continuing to verify with Brevo. A reminder that Solana Mobile will never ask for your seed phrase, private keys, or wallet recovery details.”
Solana Mobile builds crypto-focused smartphones for the Solana ecosystem.
Meanwhile, Brevo says that a handful of customer accounts were used for malicious purposes.
“Six of those accounts were used to send phishing emails to the contacts stored there, and for 43 accounts, they exported the contacts. 93 accounts have no meaningful activity.
The attacker no longer has access…
These messages were sent through legitimate infrastructure, so they passed the usual email authentication checks and looked genuine.
We’ve disabled all links in those emails, but as a preventive measure, please do not click them.
Customers trust us with access to their audiences, and in this case we failed to protect it.”
Solana’s decentralized applications are generating nearly 17 times the revenue of those on Base over the same 24-hour window. According to DeFiLlama, Solana racked up roughly $5.14 million in app revenue compared to Base’s approximately $304,000, a ratio of 16.9 to 1.
The numbers behind Solana’s lead DeFiLlama’s app revenue metric specifically tracks fees generated by decentralized applications, things like DEXs, launchpads, and trading platforms. It deliberately excludes base-layer fees, which means this comparison isolates how well each chain’s apps are monetizing their users.
On that measure, Solana has been dominant throughout 2026. Monthly app revenue hit $91 million in May, then climbed to $143 million by August. That’s a roughly 57% increase over three months, driven largely by trading platforms and token launchpads that have made Solana their home.
Base has consistently ranked below Solana and other leading chains like Ethereum in daily app revenue. Its transaction volumes have shown some life at various points, but the chain hasn’t converted that activity into meaningful fee retention at the application layer.
Why the gap exists Solana’s high throughput has attracted a concentration of high-frequency trading apps and meme coin launchpads that generate substantial fees per user session. Base entered the picture with strong backing from Coinbase and genuine excitement about Ethereum Layer-2 scaling, but having a well-known parent company and low transaction costs hasn’t automatically translated into application-layer revenue.
What this means for each ecosystem The trajectory from $91 million in monthly app revenue in May to $143 million in August suggests accelerating adoption. For SOL token holders, higher app revenue generally correlates with increased network utilization, which drives demand for the native token.
The 16.9x gap also has implications for the broader Layer-1 versus Layer-2 debate. Proponents of monolithic chains like Solana have long argued that keeping everything on a single high-performance layer creates better conditions for app monetization, and this data point supports that position.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana faced supply pressure after Pump.fun extended its multimillion SOL sales across several centralized exchanges.
Lookonchain reported another 77,705 SOL sales valued at approximately $7.88 million during the observed period. The transaction extended Pump.fun’s cumulative sales to a total of 5.19 million SOL, worth roughly $842 million.
However, the broader exchange activity presented a counterweight to Pump.fun’s persistent token distribution. According to CoinGlass data, Solana spot netflow had registered approximately -$2.57 million at press time, implying outflows exceeded inflows during the latest reading.
Hence, the exchange balances encountered less immediate supply pressure from the broader market holders despite Pump.fun’s selling.
Continued negative netflows could help absorb the supply pressure in case withdrawals continue dominating the exchange activity.
Source: X Whales swap Solana exposure for STONK Recently, large holders have recently been closing substantial SOL positions to accumulate STONK, introducing additional selling activity around Solana.
According to Lookonchain, one whale spent around 11,487 SOL, valued at nearly $1.14 million, to purchase roughly 4.97 million STONK.
Additionally, a newly created wallet separately withdrew 22,686 SOL worth approximately $2.25 million from Binance exchange.
Subsequently, the wallet later spent 17,106 SOL worth around $1.7 million to acquire 5.41 million STONK. Combined, both of these purchases deployed approximately 28,593 SOL into STONK.
These transactions reflected whale allocation into another Solana ecosystem asset, unlike Pump.fun’s sales. Still, exchanging SOL for STONK could create additional SOL supply depending on transaction execution.
Can $98.27 keep SOL stable? At the time of analysis, Solana [SOL] traded around $101.59 after its August price rally stalled around the $107.13 resistance region.
The price then consolidated above the $98.27 support, creating a defined price range after the rapid price advance.
Rather than immediately pushing higher, the repeated failures around $107.13 limited buyers from reclaiming control.
Besides, the RSI cooled to 56.91 after previously touching overbought territory during the rally.
Meanwhile, the MACD indicator painted a weaker picture as its line fell beneath the signal line. The MACD line stood at 3.90, while its signal line remained higher at around 5.
The MACD histogram also slipped into the negative territory at -1.16, reinforcing weakening buying strength inside the price range.
However, the RSI indicator remained above the 50 threshold, leaving the broader structure from August relatively resilient.
A strong defense of the $98.27 level could support another $107.13 test, but losing that floor would expose Solana to a deeper price correction.
Source: TradingView Liquidity offers a route toward recovery The Binance Liquidation Heatmap added another context to SOL’s range-bound structure around the $101 zone.
Notably, large liquidation concentrations had developed above the current market price, particularly across the $103 to $105 zone.
Dense liquidation clusters appeared around $103 and $104, giving price potential liquidity targets in case of a price recovery.
The renewed buying could therefore draw SOL toward these liquidity zones before challenging the $107.13 resistance again.
Mild liquidity also appeared below the market price, specifically around the $100–$101 region.
Still, the heavier nearby upside clusters strengthen the recovery case if the $98.27 support continues holding.
Source: CoinGlass Final Summary Pump.fun’s persistent selling and whale STONK purchases kept SOL supply pressure elevated. Preserving the $98.27 support could enhance SOL’s recovery toward liquidity clustered around $103–$105.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Amp removes platform access barriers: Run Coding Agent for free using only ChatGPT and a computer
Beating AI Insight News Brief: Amp Launches Free Hobby Tier. Amp, a coding agent company spun off from Sourcegraph, offers tools similar to Claude Code and Codex, enabling AI to autonomously read, modify code, run commands, and execute tests. Users can now access Amp for free by using their own computers and connecting their existing ChatGPT subscriptions or model API keys, with no additional monthly fees or BYOK (Bring Your Own Key) token charges. When Amp rolled out its subscription model in July this year, connecting a ChatGPT subscription required at least the $20/month Megawatt plan. For BYOK users, Amp previously charged extra token fees and imposed restrictions even when using their own model keys. Both of these charges have now been eliminated. Users remain responsible for their own ChatGPT subscription fees or API-related model costs. Amp also offers Orb, a remote cloud computer product that creates isolated environments for each task. With code and development tools hosted in Orb, the agent can continue working even after the user shuts down their local computer, and it supports running multiple tasks simultaneously. Orb remains pay-as-you-go; users who don’t want to pay for Orb can instead run Amp directly on their local computers. Additionally, Amp is expanding its BYOK support. Paid users can already connect to OpenRouter, Amazon Bedrock, Azure Foundry, Ollama Cloud, and custom model APIs, with plans to roll out this access to all users soon.
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ElevenLabs Music v2.5 Launches: Free Tier Now Grants Commercial Usage Rights, 5 Lossless Downloads Per Day
Beating AI News Brief: ElevenLabs has launched Music v2.5, making it the default model for ElevenMusic. The new version focuses on improving melody, arrangement layers, and instrument realism. The company conducted 47,885 blind tests, generating versions of identical prompts with both v2 and v2.5; v2.5 won most comparisons, with the biggest performance gaps seen in R&B, soul, hip-hop, rock, metal, orchestral, and film soundtrack genres. Additionally, licensing terms have been relaxed: Free users can download 5 lossless songs daily, and generated content is eligible for commercial use, provided it is labeled "Made with ElevenMusic". Pro users get 400 lossless downloads monthly, no labeling required, and can distribute their songs to streaming platforms. Permissions granted at creation will not change if a user downgrades their plan or cancels their subscription. Adaptations of other artists’ songs cannot be downloaded or publicly distributed. ElevenLabs also clarified that Music v2 will not be retired. Separately, Suno recently launched v6 while retiring all its previous models, sparking dissatisfaction among many long-time users. A Hacker News (HN) user who tested both tools noted that ElevenLabs’ v2.5 has better audio quality, but they still prefer Suno v5 for musicality.
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Cathie Wood strongly supports David Sacks’ view: Reports claiming “AI will destroy humanity” are orchestrated.
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EMBER's market cap briefly topped $40 million, surging 48.7% in the past 24 hours.
According to GMGN market data, the market capitalization of EMBER, the platform token of Solana-based token launch platform Ember Curve, briefly exceeded $40 million and currently stands at $35 million. The token has rallied 48.7% in the past 24 hours, with a 24-hour trading volume of $27.3 million. Ember Curve is a new token launch platform on Solana built on Meteora. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
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An address associated with the LSK project team deposited 3.29 million LSK tokens into Binance 5 hours ago, valued at $3.79 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, today, the so-called "meme coin" LSK’s project-linked address deposited 3.29 million tokens to Binance five hours ago, valued at $3.79 million. The deposit came after LSK’s first sharp drop from $2 to $1, and shortly afterward, the token saw a second plunge, falling from $1.22 to $0.7 before rebounding to $1.17. Per Coinglass data, LSK’s liquidation volume over the past 24 hours hit $44.66 million, second only to ETH.
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Iran to discuss new passage in Strait of Hormuz with relevant countries
Iranian Foreign Minister Hossein Amir-Abdollahian stated in an interview on the 13th that a meeting scheduled for the 14th in Oman will center on a new maritime corridor in the Strait of Hormuz. Iran will present to participating countries the details of the relevant agreement reached with Oman and the roadmap for the new corridor. Amir-Abdollahian emphasized that the Iran-Oman deal does not signify the reopening of the Strait of Hormuz. He noted that the prerequisite for Iran to reopen the strait is that the United States fulfills its commitments under the "Islamabad Memorandum of Understanding". (Source: CCTV News)
Amp removes platform access barriers: Run Coding Agent for free using only ChatGPT and a computer
Beating AI Insight News Brief: Amp Launches Free Hobby Tier. Amp, a coding agent company spun off from Sourcegraph, offers tools similar to Claude Code and Codex, enabling AI to autonomously read, modify code, run commands, and execute tests. Users can now access Amp for free by using their own computers and connecting their existing ChatGPT subscriptions or model API keys, with no additional monthly fees or BYOK (Bring Your Own Key) token charges. When Amp rolled out its subscription model in July this year, connecting a ChatGPT subscription required at least the $20/month Megawatt plan. For BYOK users, Amp previously charged extra token fees and imposed restrictions even when using their own model keys. Both of these charges have now been eliminated. Users remain responsible for their own ChatGPT subscription fees or API-related model costs. Amp also offers Orb, a remote cloud computer product that creates isolated environments for each task. With code and development tools hosted in Orb, the agent can continue working even after the user shuts down their local computer, and it supports running multiple tasks simultaneously. Orb remains pay-as-you-go; users who don’t want to pay for Orb can instead run Amp directly on their local computers. Additionally, Amp is expanding its BYOK support. Paid users can already connect to OpenRouter, Amazon Bedrock, Azure Foundry, Ollama Cloud, and custom model APIs, with plans to roll out this access to all users soon.
15 minutes ago
ElevenLabs Music v2.5 Launches: Free Tier Now Grants Commercial Usage Rights, 5 Lossless Downloads Per Day
Beating AI News Brief: ElevenLabs has launched Music v2.5, making it the default model for ElevenMusic. The new version focuses on improving melody, arrangement layers, and instrument realism. The company conducted 47,885 blind tests, generating versions of identical prompts with both v2 and v2.5; v2.5 won most comparisons, with the biggest performance gaps seen in R&B, soul, hip-hop, rock, metal, orchestral, and film soundtrack genres. Additionally, licensing terms have been relaxed: Free users can download 5 lossless songs daily, and generated content is eligible for commercial use, provided it is labeled "Made with ElevenMusic". Pro users get 400 lossless downloads monthly, no labeling required, and can distribute their songs to streaming platforms. Permissions granted at creation will not change if a user downgrades their plan or cancels their subscription. Adaptations of other artists’ songs cannot be downloaded or publicly distributed. ElevenLabs also clarified that Music v2 will not be retired. Separately, Suno recently launched v6 while retiring all its previous models, sparking dissatisfaction among many long-time users. A Hacker News (HN) user who tested both tools noted that ElevenLabs’ v2.5 has better audio quality, but they still prefer Suno v5 for musicality.
15 minutes ago
Cathie Wood strongly supports David Sacks’ view: Reports claiming “AI will destroy humanity” are orchestrated.
Cathie Wood noted that David Sacks, co-chair of the U.S. President’s Council of Advisors on Science and Technology (PCAST), believes recent reports about "AI destroying humanity" may be orchestrated. The comments originated from a long-inactive X account belonging to an Anthropic employee who left the company just six weeks after joining, and the content quickly made its way into mainstream media. Sacks also named the parties involved in the incident and criticized The Wall Street Journal for its role. Recently, Anthropic CEO Dario Amodei published a lengthy essay calling for slowing the advancement of frontier AI capabilities, arguing that AI is increasingly involved in developing the next generation of AI. Paired with multiple recent incidents of AI agent malfunctions, he added, security research is failing to keep pace with capability growth. Sam Altman soon publicly backed the call, stating that OpenAI has also been discussing "pacing the frontier" in recent weeks, and announced the company will introduce similar long-term independent assessors. Sacks, former White House AI and crypto chief and current PCAST co-chair, then fired back: "If you truly believe internal models are dangerous, shut them down yourselves." He argued that requiring government approval for the largest AI firms to collaborate on setting speed limits would amount to a cartel, and also singled out METR, questioning whether it is fit to serve as an independent referee for the entire industry. METR has long conducted external evaluations for companies including Anthropic and OpenAI, and recently hired Joe Benton, an Anthropic security researcher who left the firm. However, METR clarified that it does not accept funding from these frontier AI companies, only model access and free tokens.
15 minutes ago
EMBER's market cap briefly topped $40 million, surging 48.7% in the past 24 hours.
According to GMGN market data, the market capitalization of EMBER, the platform token of Solana-based token launch platform Ember Curve, briefly exceeded $40 million and currently stands at $35 million. The token has rallied 48.7% in the past 24 hours, with a 24-hour trading volume of $27.3 million. Ember Curve is a new token launch platform on Solana built on Meteora. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
15 minutes ago
An address associated with the LSK project team deposited 3.29 million LSK tokens into Binance 5 hours ago, valued at $3.79 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, today, the so-called "meme coin" LSK’s project-linked address deposited 3.29 million tokens to Binance five hours ago, valued at $3.79 million. The deposit came after LSK’s first sharp drop from $2 to $1, and shortly afterward, the token saw a second plunge, falling from $1.22 to $0.7 before rebounding to $1.17. Per Coinglass data, LSK’s liquidation volume over the past 24 hours hit $44.66 million, second only to ETH.
15 minutes ago
Iran to discuss new passage in Strait of Hormuz with relevant countries
Iranian Foreign Minister Hossein Amir-Abdollahian stated in an interview on the 13th that a meeting scheduled for the 14th in Oman will center on a new maritime corridor in the Strait of Hormuz. Iran will present to participating countries the details of the relevant agreement reached with Oman and the roadmap for the new corridor. Amir-Abdollahian emphasized that the Iran-Oman deal does not signify the reopening of the Strait of Hormuz. He noted that the prerequisite for Iran to reopen the strait is that the United States fulfills its commitments under the "Islamabad Memorandum of Understanding". (Source: CCTV News)
Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana blockchain co-founder Anatoly Yakovenko reacted sarcastically to a sudden agreement among AI industry leaders to force a halt to the development of advanced neural networks. Earlier, the heads of Anthropic (Dario Amodei), OpenAI (Sam Altman) and xAI (Elon Musk) simultaneously called for the industry to slow down, citing safety risks. However, the Solana co-founder linked this sudden concern for humanity to the giants' simple desire to lock in their trillion-dollar valuations.
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Commenting on Amodei's official manifesto, "We Must Pace the Frontier," on X, Yakovenko limited himself to a concise remark: "Profitability at $1 trillion mcap". He followed up with a tweet saying he had told his Codex to use tokens more sparingly, openly mocking calls for artificial pauses.
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The Solana founder's message seems obvious: OpenAI and Anthropic have simply hit an infrastructure dead end. Costs for chips and electricity are rising exponentially, while the status these companies have achieved obliges them to show investors real profits instead of endlessly burning through their budgets.
Just hit the brakes yourselves: Former White House AI and crypto Czar accuses OpenAI of lyingDavid Sacks, the former White House special adviser on AI and cryptocurrencies (AI and crypto czar), also joined the discussion. He pointed to the blatant hypocrisy of AI labs — if OpenAI and Anthropic really see a deadly threat in their new developments, they do not need to lobby for laws covering the entire industry; they can simply halt their own work voluntarily.
Instead, the top-down regulation being imposed serves two pragmatic goals:
Eliminating startups: strict restrictions will block the development of young companies and free open-source projects (such as Meta's work and the Hugging Face platform), which have begun rapidly catching up with the commercial leaders. In effect, this creates an artificial duopoly of OpenAI and Anthropic.A global AI truce is utopian, as China will not comply with such agreements. Under these conditions, restrictions on American labs would amount to voluntary technological capitulation by the U.S. You Might Also Like
Interestingly, despite all these statements, markets are not pricing in panic at Monday's stock market open. According to the prevailing consensus, a possible slowdown in the development of frontier models does not mean reduced investment in AI infrastructure; it merely stretches out equipment procurement cycles.
Anatoly Yakovenko, co-founder of the Solana blockchain network, responded with pointed sarcasm after leading artificial intelligence executives called for a collective pause on the advancement of top-tier neural networks. The simultaneous statements from Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI founder Elon Musk raised concerns that continuing the rapid development of AI technology could create safety risks for society.
Industry leaders call for slowdownThe coordinated appeal from executives at major AI companies arrived alongside the publication of Dario Amodei’s manifesto, titled “We Must Pace the Frontier.” In the document, Amodei outlined arguments for slowing progress at the cutting edge of artificial intelligence, emphasizing ethical and security considerations.
Sam Altman, who leads OpenAI, the developer behind the popular ChatGPT application, and Elon Musk, principal of xAI and also chief executive of Tesla and SpaceX, echoed these breaks for caution. The trio asserted that unchecked AI acceleration could introduce significant risks, though their message also appeared to target policy-makers and the wider public for support in comprehensive regulation of the sector.
Solana’s Yakovenko interpreted the public concern differently. Quoting Amodei’s post on X, he offered the brief assessment: “Profitability at $1 trillion mcap”. Shortly afterward, Yakovenko posted a follow-up message suggesting he instructed his Codex agent to minimize token usage, further lampooning industry calls for a development pause.
In referencing OpenAI and Anthropic’s safety claims, Yakovenko linked their newfound caution to safeguarding massive corporate valuations amid soaring infrastructure costs and mounting pressure to deliver tangible profits, rather than limitless spending.
Founded in 2020, Solana is a blockchain network designed for high-throughput decentralized applications. Yakovenko is recognized for often commenting on industry trends and technological debates in the broader crypto and tech spheres.
Debate intensifies over AI regulationDavid Sacks, a former White House special adviser on AI and cryptocurrency policy, added criticism of how AI industry leaders are pushing for sector-wide restrictions. Sacks remarked that if OpenAI and Anthropic genuinely perceive their own research as dangerous, they have the option to set an example by halting their own work. Instead, he accused them of advocating for restrictive legislation, which would impact not only big firms but also competitors and startups.
According to Sacks, the proposed regulations from leading AI firms could serve two main goals: firstly, blocking the advancement of open-source projects and rapid-moving startups, including platforms like Hugging Face and research by large technology companies such as Meta; and secondly, cementing current market leaders’ dominance.
Sacks also raised concerns about the international landscape, suggesting that a “global AI truce” would be difficult to enforce. He noted that laboratories in countries such as China may not honor such agreements, leaving American companies at a disadvantage if they comply with new regulatory limits.
Mini dictionary: Hugging Face, an open-source AI platform, provides resources and tools for collaborative development and distribution of machine learning models, aiming to support transparency and innovation in artificial intelligence research.
EntityPositionStance on AI PauseOpenAI (Sam Altman)DeveloperSupports pause for safetyAnthropic (Dario Amodei)DeveloperSupports pause for safetyxAI (Elon Musk)DeveloperSupports pause for safetySolana (Anatoly Yakovenko)Blockchain founderCriticizes pause, cites profit motivesWhite House (David Sacks)Former specialistAccuses AI firms of hypocrisy, favors voluntary actionDespite public warnings and regulatory debates, major markets showed no signs of panic at the start of the week. Analysts noted that any potential deceleration in high-level AI research has not led investors to reduce spending on infrastructure for the industry.
Instead, the prevailing view is that companies may simply extend their timelines for acquiring new equipment, such as specialized chips and servers, rather than curtailing investment entirely. Over the past year, demand for hardware used in AI development, particularly high-performance processors, has driven up costs sharply.
Both OpenAI and Anthropic have faced mounting pressure to balance technological leadership with financial sustainability. Climbing energy and infrastructure costs have led investors to scrutinize budgets more closely and demand greater operational efficiency from leading AI firms.
Debate continues over how new AI regulations could reshape not only who develops frontier technologies, but where this innovation will occur, as global competition remains intense.
As discussions unfold around the future of AI innovation and regulation, Solana’s Yakovenko and others suggest the motives driving major industry players may be more complex than a simple concern for human safety.
Amp removes platform access barriers: Run Coding Agent for free using only ChatGPT and a computer
Beating AI Insight News Brief: Amp Launches Free Hobby Tier. Amp, a coding agent company spun off from Sourcegraph, offers tools similar to Claude Code and Codex, enabling AI to autonomously read, modify code, run commands, and execute tests. Users can now access Amp for free by using their own computers and connecting their existing ChatGPT subscriptions or model API keys, with no additional monthly fees or BYOK (Bring Your Own Key) token charges. When Amp rolled out its subscription model in July this year, connecting a ChatGPT subscription required at least the $20/month Megawatt plan. For BYOK users, Amp previously charged extra token fees and imposed restrictions even when using their own model keys. Both of these charges have now been eliminated. Users remain responsible for their own ChatGPT subscription fees or API-related model costs. Amp also offers Orb, a remote cloud computer product that creates isolated environments for each task. With code and development tools hosted in Orb, the agent can continue working even after the user shuts down their local computer, and it supports running multiple tasks simultaneously. Orb remains pay-as-you-go; users who don’t want to pay for Orb can instead run Amp directly on their local computers. Additionally, Amp is expanding its BYOK support. Paid users can already connect to OpenRouter, Amazon Bedrock, Azure Foundry, Ollama Cloud, and custom model APIs, with plans to roll out this access to all users soon.
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ElevenLabs Music v2.5 Launches: Free Tier Now Grants Commercial Usage Rights, 5 Lossless Downloads Per Day
Beating AI News Brief: ElevenLabs has launched Music v2.5, making it the default model for ElevenMusic. The new version focuses on improving melody, arrangement layers, and instrument realism. The company conducted 47,885 blind tests, generating versions of identical prompts with both v2 and v2.5; v2.5 won most comparisons, with the biggest performance gaps seen in R&B, soul, hip-hop, rock, metal, orchestral, and film soundtrack genres. Additionally, licensing terms have been relaxed: Free users can download 5 lossless songs daily, and generated content is eligible for commercial use, provided it is labeled "Made with ElevenMusic". Pro users get 400 lossless downloads monthly, no labeling required, and can distribute their songs to streaming platforms. Permissions granted at creation will not change if a user downgrades their plan or cancels their subscription. Adaptations of other artists’ songs cannot be downloaded or publicly distributed. ElevenLabs also clarified that Music v2 will not be retired. Separately, Suno recently launched v6 while retiring all its previous models, sparking dissatisfaction among many long-time users. A Hacker News (HN) user who tested both tools noted that ElevenLabs’ v2.5 has better audio quality, but they still prefer Suno v5 for musicality.
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Cathie Wood strongly supports David Sacks’ view: Reports claiming “AI will destroy humanity” are orchestrated.
Cathie Wood noted that David Sacks, co-chair of the U.S. President’s Council of Advisors on Science and Technology (PCAST), believes recent reports about "AI destroying humanity" may be orchestrated. The comments originated from a long-inactive X account belonging to an Anthropic employee who left the company just six weeks after joining, and the content quickly made its way into mainstream media. Sacks also named the parties involved in the incident and criticized The Wall Street Journal for its role. Recently, Anthropic CEO Dario Amodei published a lengthy essay calling for slowing the advancement of frontier AI capabilities, arguing that AI is increasingly involved in developing the next generation of AI. Paired with multiple recent incidents of AI agent malfunctions, he added, security research is failing to keep pace with capability growth. Sam Altman soon publicly backed the call, stating that OpenAI has also been discussing "pacing the frontier" in recent weeks, and announced the company will introduce similar long-term independent assessors. Sacks, former White House AI and crypto chief and current PCAST co-chair, then fired back: "If you truly believe internal models are dangerous, shut them down yourselves." He argued that requiring government approval for the largest AI firms to collaborate on setting speed limits would amount to a cartel, and also singled out METR, questioning whether it is fit to serve as an independent referee for the entire industry. METR has long conducted external evaluations for companies including Anthropic and OpenAI, and recently hired Joe Benton, an Anthropic security researcher who left the firm. However, METR clarified that it does not accept funding from these frontier AI companies, only model access and free tokens.
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An address associated with the LSK project team deposited 3.29 million LSK tokens into Binance 5 hours ago, valued at $3.79 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, today, the so-called "meme coin" LSK’s project-linked address deposited 3.29 million tokens to Binance five hours ago, valued at $3.79 million. The deposit came after LSK’s first sharp drop from $2 to $1, and shortly afterward, the token saw a second plunge, falling from $1.22 to $0.7 before rebounding to $1.17. Per Coinglass data, LSK’s liquidation volume over the past 24 hours hit $44.66 million, second only to ETH.
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Iran to discuss new passage in Strait of Hormuz with relevant countries
Iranian Foreign Minister Hossein Amir-Abdollahian stated in an interview on the 13th that a meeting scheduled for the 14th in Oman will center on a new maritime corridor in the Strait of Hormuz. Iran will present to participating countries the details of the relevant agreement reached with Oman and the roadmap for the new corridor. Amir-Abdollahian emphasized that the Iran-Oman deal does not signify the reopening of the Strait of Hormuz. He noted that the prerequisite for Iran to reopen the strait is that the United States fulfills its commitments under the "Islamabad Memorandum of Understanding". (Source: CCTV News)
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Crypto billionaire’s donation to the UK’s Reform Party sparks backlash from the Labour Party, prompting the party to advance legislation restricting large political donations from foreign billionaires.
According to Bloomberg, the UK Labour government is advancing legislation to restrict large political donations from wealthy overseas-based individuals. Deputy Prime Minister and Housing Secretary Angela Rayner said the new bill proposes an annual donation cap of ￡100,000 for British citizens living abroad, applicable to those who have recently returned to the UK, and would also retroactively cover past donations, requiring non-compliant funds to be repaid within 60 days. On Saturday, two crypto billionaires each donated $48.7 million to the UK’s Reform UK, jointly setting a new record for individual political donations in Britain. Crypto investor Christopher Harborne gave ￡36 million (about $48.7 million) to Nigel Farage’s Reform UK on Saturday, matching the amount of a donation made the day before by BitMEX co-founder Ben Delo. The two crypto billionaires combined to contribute a total of ￡72 million (roughly $97.4 million) within 24 hours, making the two donations the largest individual political contributions in UK party history. Harborne is an investor in stablecoin issuer Tether and crypto exchange Bitfinex.
Solana co-founder Anatoly Yakovenko has questioned the financial motives behind an AI slowdown proposal backed by Dario Amodei, Sam Altman and Elon Musk on Sept. 13.
Summary
Solana co-founder Anatoly Yakovenko linked AI pacing proposals to profitability at trillion-dollar market capitalization levels. Dario Amodei’s plan calls for embedded evaluators, industry coordination and possible international safety agreements eventually. OpenAI CEO Sam Altman endorsed embedded outside evaluators and promised further implementation details soon publicly. Elon Musk backed Amodei’s proposal with a brief statement reported by Reuters on Saturday publicly. David Sacks argued laboratories could slow voluntarily without requiring a coordinated regulatory framework from competitors. Yakovenko’s X post reduced his response to four words: “Profitability at $1 trillion mcap.” He did not identify which company the figure referred to or provide revenue, valuation or profitability calculations supporting the comment.
The remark responded to a debate started by Anthropic CEO Dario Amodei, who published an essay calling for slower advances in frontier artificial intelligence. OpenAI CEO Sam Altman endorsed part of the proposal, while Musk wrote that “Dario is right,” according to Reuters.
Yakovenko links AI pacing to financial incentives Yakovenko’s comment presented profitability as a possible motive for slowing model development, but the Solana co-founder framed the idea as a sarcastic observation. His post contained no evidence that Anthropic, OpenAI or xAI had coordinated their statements for financial reasons.
No named company has confirmed that its support for slower development depends on reaching a $1 trillion valuation. Amodei’s proposal instead cites model-control failures, cyber risks and the speed at which AI systems are helping create newer systems.
Reuters reported that Anthropic and OpenAI were preparing for potential initial public offerings. The report described financial incentives surrounding model development but did not establish that either company had reached a $1 trillion market capitalization or had made profitability contingent on that valuation.
Because the companies remain privately held, references to market capitalization can only describe estimates from private transactions or proposed listings. Yakovenko did not explain whether his figure referred to Anthropic, OpenAI, xAI or the frontier AI sector collectively.
His statement therefore represents personal commentary, not a disclosed financial projection from Solana Labs, Anthropic, OpenAI or xAI. No Solana Foundation statement connected the blockchain network or its SOL token to the AI policy dispute.
Amodei wants frontier AI development paced, not halted In his “We Must Pace the Frontier” essay, Amodei said developers should slow the rate at which they improve model capabilities. He distinguished pacing from stopping model training or ending technical research.
“We must slow the pace at which we improve the capabilities of AI models,” Amodei wrote. He said progress could remain fast while developers spend more time testing safeguards, studying model behavior and allowing outside evaluators to examine their work.
The proposal contains three stages. Anthropic plans to give third-party evaluators ongoing access comparable to the access held by internal employees who assess risk. Amodei named the Model Evaluation and Threat Research organization, known as METR, as an example.
A second stage asks frontier AI companies in democratic countries to coordinate on common safety requirements and limits for unchecked capability growth. Amodei acknowledged that parts of such coordination could raise antitrust issues and might require narrow government authorization.
His third stage calls for international coordination, including possible agreements with China. The essay describes several possible levels, ranging from restrictions on AI-assisted biological weapons to an eventual limit on rapid, automated model improvement.
Amodei presented a comprehensive pause as the least likely form of international agreement because verification would be difficult. He argued that any arrangement should preserve the technological position of the United States and its allies.
Altman and Musk have supported parts of the plan OpenAI CEO Sam Altman gave the proposal a direct endorsement in a Sept. 12 post. “I agree with Dario that we need to pace the frontier,” Altman wrote.
Altman specifically accepted Amodei’s call for embedded outside evaluators. “Committing to having independent evaluators with employee-like access is a great idea, and we will do the same,” he said. OpenAI promised more information but supplied no implementation date, evaluator name or access terms.
Musk responded more briefly. Reuters and the Financial Times reported that he reposted Amodei’s essay and wrote, “Dario is right.” The public response did not set out which parts of the three-stage plan xAI would adopt.
Available statements therefore support including Musk in the group of executives who backed Amodei. They do not establish that Musk, Altman and Amodei jointly developed the plan or agreed on its regulatory details.
None of the three executives publicly endorsed Yakovenko’s suggested connection between pacing and trillion-dollar valuations. Yakovenko’s line remains his characterization of their motives.
Sacks rejects industry coordination as necessary In a separate X post, David Sacks said Anthropic and OpenAI could slow their own development without requiring competitors or lawmakers to participate.
“You guys are the frontier,” Sacks wrote, addressing Amodei and Altman. He described the two companies as holding a “duopoly on frontier intelligence,” a claim based on his assessment of model ability, revenue growth and market share.
Sacks said he would support a voluntary slowdown if unreleased systems presented risks serious enough to concern their developers. He disputed the need for an antitrust exemption, a regulatory approval system or evaluators with authority over competing laboratories.
However, his post accused the companies of pursuing possible “regulatory capture,” but it presented no evidence of an agreement between Anthropic and OpenAI to exclude competitors. Neither company had publicly accepted Sacks’ description as of Sept. 13.
Sacks raised product-liability exposure as another possible reason for companies to favor more predictable systems. He argued that customers already punish models that behave in unauthorized or unreliable ways. The companies have not confirmed that liability concerns drove their endorsements.
The post questioned whether China would participate in a global AI agreement. Amodei’s essay recognizes the same verification problem, although Amodei still supports negotiations on narrowly defined risks.
Outside evaluations are the next promised step Anthropic has committed to inviting an outside review team into its internal safety process. Its essay says reviewers should receive company laptops, office access and permissions similar to internal risk-assessment staff, subject to legal and confidentiality restrictions.
The planned reviewers would be allowed to publish findings without Anthropic controlling their conclusions. Limited redactions could cover legally privileged, security-sensitive, commercially sensitive or third-party confidential information. No evaluator contract or starting date accompanied the essay. OpenAI has promised to adopt a similar system. Altman said the company would disclose more details “soon,” leaving the evaluator, scope and publication rules unanswered.
U.S. lawmakers are considering more restrictive approaches. As crypto.news previously reported, a Sanders-Casar proposal seeks a permanent ban on artificial superintelligence and a temporary suspension of advanced AI work until a new federal regulator establishes safety rules. The full bill had not been formally introduced when its sponsors released their summary.
Cybersecurity concerns remain part of the policy discussion. In related coverage, a Bank for International Settlements paper warned that AI could reduce software-patching windows from weeks to minutes as automated systems identify and exploit vulnerabilities faster.
Amodei has asked frontier laboratories to adopt embedded evaluations and coordinate on safety standards, while Altman has committed OpenAI to outside evaluation without publishing a timetable.
Summary Solana price is squeezed between $99 support and a falling ceiling near $102, and the range is nearly out of room. Open interest has rebuilt to $6.10B, layering leverage into the tightening range ahead of a break. The network logged more than 260,000 new token launches per day for three straight days. The 20, 50 and 200-day averages have stacked bullishly for the first time in months. The recovery has been close to a full round trip. SOL bled from the $110.77 area down to $60.28 in early June, then spent July and most of August grinding sideways between roughly $72 and $80. Late August brought a sharp expansion that carried price back above $98 and briefly tagged the $112 zone in early September.
Now the coin rests on a horizontal shelf near $98.85 that overlaps the 0.236 Fibonacci level. That confluence has been holding. Buyers have stepped in on every dip toward it over the past two weeks, which marks the level as defended rather than incidental. On the daily Binance chart the price closed the latest session at $101.51, still trapped just under its recent highs. Capital has stayed committed through the chop, with DeFi value locked on Solana holding at $5.903B, up 2.64% over the past day.
The triangle’s apex is days away, not weeks The dominant feature on the chart is compression. A descending trendline runs from the early-September peak near $112 down through the lower highs printed since, while flat support holds near $99. The two lines are converging, and the apex is close.
Descending triangles usually carry a bearish reputation, but the pattern here formed after a strong push higher and sits above rising moving averages, which reads more like a pause than a top. The resolution comes the moment one boundary breaks on a daily close. Volume has thinned as the range narrowed, the textbook behavior seen right before a break arrives.
The 200-day line curled up for the first time since spring SOL/USDT daily chart. Chart by Alexander Stefanov via TradingView. Trend structure has flipped. The 20-day average sits at $102.44, the 50-day at $87.47, and the 200-day at $83.08, a clean arrangement with faster lines riding above slower ones. The 200-day is the signal that matters most. It pointed straight down through spring and summer, and it has now flattened and started to curl higher, a shift that tends to reflect a genuine change in trend rather than a short bounce. Price currently trades just beneath the 20-day line, so $102.44 is the first level bulls need to reclaim on a closing basis.
260,000 launches a day is a fee engine, not a one-off spike Solana’s fee structure makes it the default venue for spinning up new tokens, and the SolanaFloor data showing more than 260,000 launches per day for three consecutive days points to a sustained wave of speculative creation rather than a single-day surge. Each launch generates transactions and fees, which feed validator revenue and keep the network busy regardless of where SOL prints on the daily chart. Elevated token creation is a demand signal for blockspace, though it is also one of the more volatile inputs in the ecosystem, and a sharp drop in launch counts would pull a leg out from under current activity.
A second, steadier source of usage sits alongside the speculative churn. According to Allium data cited by Solana, 63% of tokenized-equity volume on the network trades while US exchanges are closed, with weekends alone accounting for 17% of the year’s volume. Tokenized stocks trade before the 9:30am open, after the 4pm close, and through weekends, so the activity reflects a structural use case that does not depend on memecoin turnover.
$6.10B in open interest is leverage waiting on a direction Derivatives positioning has rebuilt. Open interest reached $6.10B as of 12 September, with SOL priced at $102.42 at that reading, up from the compressed levels seen through the spring. Open interest measures the total value of outstanding derivatives contracts, and when it climbs alongside price it generally signals new positions opening rather than short sellers closing out. That distinction matters for the coming break, because leverage layered into a tightening range tends to amplify whichever direction the price eventually chooses.
The $85 to $91 pocket is where a flush would stop Drawn across the full $110.77 to $60.28 leg, the Fibonacci grid maps a clear ladder of support beneath the current shelf.
0.236
$98.85
Current floor, aligned with horizontal support
0.382
$91.48
First cushion if $99 breaks on a close
0.5
$85.52
Overlaps the rising 50-day average at $87.47
0.618
$79.57
Deeper support if the trend stalls
The $85 to $91 pocket is the zone to watch on any flush. It stacks the 0.382 and 0.5 retracements together with the 50-day average and sits just above the 200-day at $83.08. A drop into that band would sting without necessarily breaking the wider recovery.
The 14-period RSI reads 56.73, above the midline that separates buying pressure from selling pressure but now below its own signal line at 62.73. That crossover flags easing momentum after the September push rather than a reversal, and with no overbought reading to unwind, there is room to run if demand returns.
$102 up, $98.85 down: the two closes that settle it The bullish trigger is a daily close back above the falling resistance line, roughly $102 to $103, where it currently meets the 20-day average. Clear that and the path opens toward the $110.77 Fibonacci origin, then the $112 September high. The bearish case activates on a daily close under $98.85. Lose that floor and the first stop is $91.48, followed by the thick $85 to $87 cluster where the 50-day average waits, with $79.57 in view below that.
The variable that could force the decision early is funding. With open interest back near $6.10B and price wedged inside a shrinking range, an aggressive move in either direction risks triggering liquidations that overshoot the technical levels, and traders leaning on tight stops around $99 or $102 may find the first break is the one that gets faded.
Chart of Solana open interest versus SOL price, both near multi-month highs | Source: CoinGlass The size of the next volume surge, more than the direction of the first candle, will show whether the move carries conviction.
Solana (SOL) is displaying renewed strength after surpassing a long-standing descending trendline, sparking optimism among traders and analysts for further upward momentum. The recent breakout has brought positive attention, fueled by increased network activity and significant derivatives positioning in the market.
Technical breakout and key support levelsOn the daily chart, Solana overcame a multi-month downtrend, with analyst Einstien identifying $92 as a pivotal level in the current cycle. This area is now seen as central to confirming the strength of the ongoing rally and may act as a springboard toward higher price targets.
Einstien outlined a potential progression for SOL, envisioning a successful retest and hold at $92, which could open the path to $108, $128, and ultimately $147. These price points are being tracked by the market as technical resistance zones, not as guaranteed outcomes.
Solana’s recent price surge followed a lengthy period of low-volatility consolidation, where the asset traded between $74 and $78 during July and August. The transition from accumulation to an abrupt breakout past $90 led the price to approach $107, signaling a possible shift in market sentiment after several months of downward pressure.
Solana’s move above the former trendline, if sustained, could transform the asset’s structure, providing a foundation for further gains if buyers defend critical levels on a daily closing basis.
Testing and maintaining $92 as support will be crucial. A daily close above this threshold may pave the way toward the $108 region and, if momentum holds, toward higher resistance levels at $128 and $147. A close below $92, conversely, would undermine the breakout scenario and leave the recovery vulnerable.
Moving averages, resistance, and volatilityTechnical indicators from TradingView highlight that SOL is currently trading above several key exponential moving averages (EMAs). The 20 EMA is situated at $99.57, the 50 EMA at $91.63, the 100 EMA at $86.92, and the 200 EMA at $91. These averages provide multiple points of potential support, especially around the crucial $91–$92 range.
The proximity of the 50 and 200 EMAs to the $92 zone strengthens the significance of this support. Meanwhile, Bollinger Bands indicate rising volatility after the late August surge, with the upper band at $107.99 acting as a key resistance level and the 20 EMA functioning as dynamic support.
IndicatorValueSignificance20 EMA$99.57Dynamic support50 EMA$91.63Key support (near $92 test)100 EMA$86.92Secondary support200 EMA$91Major support (near $92 test)BB Upper Band$107.99Resistance zoneDerivatives and network activityOpen interest in Solana-linked derivatives has increased modestly, rising 1.65% to $6.05 billion, as reported by data provider Coinglass. At the same time, 24-hour trading volume has decreased sharply by 55.31% to $4.35 billion. This mismatch suggests that while fewer trades are being made, leveraged positions remain substantial, potentially adding to future volatility, especially as Solana approaches key levels of support or resistance.
Derivatives positioning shows traders are taking on more leverage even as overall trading has slowed, suggesting the market could see sharper price swings near crucial technical markers.
Investors are watching whether a rise in open interest is accompanied by increased spot demand, as this would provide further confidence in the sustainability of bullish moves.
Beyond price factors, the Solana network has experienced a notable surge in activity. According to Solana Floor, daily token launches surpassed 260,000 for three consecutive days, reflecting strong ongoing participation in the ecosystem.
Although high token launch numbers do not automatically translate to higher SOL prices, they indicate persistent community engagement and innovation within Solana, a blockchain platform known for its speed and scalability.
Mini dictionary: Solana is a high-performance blockchain protocol designed to support fast, low-cost transactions, and decentralized applications, distinguished by its proof-of-history (PoH) consensus method that enables high throughput and efficient block times.
Outlook and upcoming testsMarket observers are closely monitoring Solana’s response to the $92 level. Retaining this support would validate recent bullish momentum and keep technical targets of $108, $128, and $147 in play. A breakdown below this threshold could undermine current optimism and trigger renewed caution among traders.
Renowned trader Bonk Guy (@theunipcs) published a post explaining his reasons for buying EMBER. He noted he first noticed the project when EMBER’s market cap was around $3 million, but after observing its rapid platform data growth for a day, he began accumulating it consistently in the $7 million to $20 million market cap range. He believes EMBER’s technology, early-stage data, and growth potential have not yet been fully priced in by the market. Addressing recent controversies, Bonk Guy stated that claims that "over 50% of the supply is linked to the same Bubblemaps cluster" are untrue and have already been clarified by Bubblemaps. He also admitted that his earlier description of EMBER as "launched by Meteora" was incorrect; he meant that EMBER uses Meteora’s dynamic bonding curve technology and is a leading token launch platform within its ecosystem. Currently, Meteora has listed and featured EMBER on its ecosystem page. On the product side, Bonk Guy said EMBER supports pairing new tokens with SOL, USDC, and over 150 tokenized stocks; users can allocate token taxes to holders, a burn mechanism, SuperLotto, or the project team. The platform also offers daily prize pools and DAO functionality, allowing token holders to vote on adjusting the allocation between buyback burns and rewards. In terms of data, EMBER has generated $51.7 million in trading volume and $561,000 in fees over its first three days, with a total of 2,041 tokens launched, over 41,800 unique holders, and more than 149,000 transactions on the Solana blockchain. He opined that Solana does not only have room for one successful token launch platform, and EMBER could emerge as a new non-consensus trading opportunity. Bonk Guy also emphasized that he has no affiliation with the project team, cannot control developer actions, and this position is purely a personal trade and does not constitute investment advice.
According to GMGN market data, PERPSPAD, the token of Solana-based token launch platform PerpsPad, briefly topped $5 million in market capitalization before pulling back to $4.2 million, with a 24-hour gain of over 200%. PERPSPAD is a "position tokenization" token in the Solana ecosystem. PerpsPad is an innovative token launch platform whose core function is to back every issued coin with a real leveraged perpetual contract (Perp) position: transaction fees automatically flow into the coin’s dedicated on-chain sub-wallet to open or add to leveraged positions (supporting multiple markets including SOL, BTC), while a portion of the fees is used for token buybacks and burns. PERPSPAD itself is structured as a 5x long SOL strategy, and can receive buyback support from trading revenues of other tokens on the platform, operating on the Phoenix network. BlockBeats reminds users that related tokens are subject to high price volatility and significant uncertainties, so users should exercise caution when investing.
Solana social wallet Hey Wallet announced in a post that it will cease its product services, and reminded all users to back up their wallets. Previously, Hey Wallet supported users to send SOL via tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.
The New York Stock Exchange went dark for Labor Day weekend. Tokenized stocks on decentralized exchanges kept right on trading, generating roughly $1.01 billion in volume on Saturday and Sunday alone, nearly matching Friday’s $1.02 billion.
Monday’s holiday added another $398.3 million on top.
Robinhood Chain dominated the weekend Of the four major platforms facilitating tokenized stock trades, Robinhood Chain was the heavyweight. It processed $572.8 million in trades over the holiday weekend, accounting for more than 57% of total activity.
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According to Grayscale research published in early September 2026, Robinhood Chain, alongside Binance’s BNB Chain and Solana, has emerged as one of the leading networks for onchain equity trading.
BNB Chain’s bStocks platform made its own mark. A single fund, QQQB (a tokenized version of Nasdaq 100 exposure), generated $180.5 million during the holiday weekend. BNB Chain’s cumulative tokenized stock volume has now exceeded $5.2 billion.
Then there’s Base, Coinbase’s Layer 2 network, which launched its B20-standard tokens for tokenized equities back in August. Base hit $100 million in single-day DEX volume for tokenized stocks and racked up $730.9 million in cumulative volume over the 30 days leading into mid-September. Much of that activity flowed through Aerodrome, the leading DEX on Base.
Why after-hours trading matters Traditional US equity markets operate roughly 6.5 hours per weekday. That’s about 32.5 hours a week out of 168 total hours.
Tokenized stocks flip that constraint on its head. By wrapping equity exposure into onchain tokens that trade on DEXes, platforms like Backed Finance’s xStocks and Ondo Global Markets allow trading around the clock, seven days a week. The prices of these tokenized stocks typically hover near the previous market close, but the tokens still move based on sentiment, breaking news, and speculative positioning.
The competitive landscape is heating up Weekly spot volumes for tokenized stocks approached $3 billion in the week before the holiday, according to Grayscale’s research.
Robinhood Chain’s dominance over the weekend, with nearly 60% market share, gives it a significant lead. Base’s rapid growth since its August launch shows how quickly the landscape can shift, hitting $730.9 million in 30-day cumulative volume within weeks of going live. BNB Chain’s cumulative tokenized stock volume crossing $5.2 billion reflects retail demand from Binance’s global audience translating effectively to onchain activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A tokenized version of Grindr’s stock launched on Solana on September 10 and promptly did something its NYSE counterpart hasn’t managed: it generated over $31 million in trading volume within 24 hours, nearly doubling the dating app’s traditional equity volume from the prior session.
Grindr’s NYSE listing moved roughly $16.6 million the day before the token launch. Its average daily volume sits around $25 million. A blockchain copy of the same stock, trading under the same $GRND ticker but on decentralized exchanges, beat both numbers before the sun set twice.
How a dating app stock became Solana’s breakout trade The tokenized $GRND was launched through Backpack Securities and the Sunrise liquidity protocol, the same infrastructure behind Solana’s growing suite of tokenized equities. Early action was concentrated on Raydium, Solana’s largest decentralized exchange, with StonkFun’s pairing features helping to channel initial liquidity.
Within the first two hours alone, $GRND recorded $14.1 million in volume, a figure that would have accounted for roughly 85% of Grindr’s entire NYSE session the day before.
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Backpack CEO Armani Ferrante suggested the milestone could represent the first time a tokenized stock’s volume has eclipsed that of its traditional equity counterpart.
These tokenized equities are backed 1:1 by actual US shares held in regulated custody. Settlement runs through ACATS and DTCC infrastructure, the same pipes that underpin conventional brokerage transfers. But there are important caveats: token holders receive no voting rights, and the products remain entirely unavailable to US persons.
Solana’s tokenized equity sector is on a tear The $GRND launch didn’t happen in isolation. Solana’s total tokenized equity supply hit $684 million on September 11, representing a 47% increase over just three weeks. The total assets under management for xStocks, the broader category of tokenized equities on the network, crossed $800 million during the same period.
Solana’s tokenized equity sector, which only began taking shape earlier in 2026, has moved from proof-of-concept to meaningful trading volume in a matter of months.
The core appeal is straightforward: 24/7 trading. Traditional stock exchanges operate roughly six and a half hours per weekday. Tokenized equities trade around the clock, every day.
The volume fade problem Before anyone starts drawing straight-line projections from a single day’s performance, there’s a pattern worth watching. Previous tokenized stock launches on Solana, including $SPCX, followed a familiar trajectory: massive initial volume followed by a sharp decline.
The $GRND launch appears to be tracking a similar curve. After the explosive first 24 hours, trading activity dropped significantly.
The restriction barring US persons also limits the addressable market considerably. US retail investors, who represent the single largest pool of equity market participants globally, can’t touch these products. That leaves international traders and crypto-native capital as the primary audience, at least for now.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana is back on top. After watching Robinhood Chain steal the daily DEX volume crown earlier this summer, Solana has reclaimed the lead with roughly $3.25 billion in 24-hour decentralized exchange volume, compared to Robinhood Chain’s $2.72 billion, according to DefiLlama data.
That’s a gap of about $530 million, which sounds comfortable until you remember Robinhood Chain didn’t even exist three months ago.
The rematch nobody expected this soon Robinhood Chain launched its mainnet on July 1, 2026, and wasted no time making noise. Within weeks of going live, the network briefly overtook Solana in daily DEX trading volume.
The initial surge was fueled by meme coin mania mixed with Robinhood Chain’s stated purpose of tokenizing real-world assets.
Why Solana’s lead matters more than the number The $3.25 billion figure represents the resilience of an ecosystem that has weathered multiple market cycles, chain outages, and the FTX implosion. Solana’s DEX infrastructure, anchored by protocols like Jupiter, Raydium, and Orca, benefits from years of liquidity accumulation and developer tooling.
Robinhood Chain, by contrast, has accumulated cumulative DEX volume exceeding tens of billions since its July launch. But in longer-term trading metrics, Solana’s head start remains substantial.
Even during the period when Robinhood Chain briefly edged ahead, Solana’s weekly and monthly aggregates remained competitive, suggesting that the newer chain’s lead was driven more by speculative bursts than organic ecosystem depth.
Robinhood Chain’s identity crisis The network was designed with tokenized real-world assets at its core. But a significant portion of Robinhood Chain’s actual DEX activity has been driven by meme coin trading. This mirrors the trajectory of Solana itself, which saw its DEX volumes explode in late 2023 and 2024 largely on the back of meme tokens like BONK and WIF before diversifying into more sophisticated DeFi activity.
Robinhood Chain operates as an Ethereum Layer-2 solution built with Arbitrum technology, integrating services like Uniswap for DEX functionality and supporting trading of tokenized equities.
A network that can generate $2.72 billion in daily DEX volume less than three months after launch has clearly found product-market fit with a segment of traders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Donut AI CEO and founder Chris recently disclosed his holdings and live trading results on the FOMO platform (FOMO account: chriszhuureal). Over the past 30 days, he has generated approximately $130,000 in profit, trading multiple active tokens on the Robinhood Chain, including PONS, AI, and BONER. According to Chris’s Twitter post, he has held PUMP for several months, citing that the protocol is one of the most stable revenue-generating products in crypto, with solid operations and high retail investor exposure. This position has now realized a profit of around $930,000. However, he also pointed out PUMP’s shortcomings: its mobile experience is laggy, and its design is not centered on social elements—exactly why he shifted to testing FOMO. Additionally, Chris said he took profits on PONS when it hit a roughly $600 million market cap, and shortly after spotted a token launchpad emerging on the Solana ecosystem, leading him to buy STONK at the bottom. His view: Solana token performance depends on the amount of SOL on-chain, while the Robinhood ecosystem relies on the amount of cash and FOMO sentiment on the platform. This marks a difference in asset flow: the Robinhood Chain is too new, with its market performance almost entirely driven by inflows of new retail funds; by contrast, Solana token pricing will revolve around the flow of existing SOL. On position entry details, Chris revealed he entered STONK at an $89 million market cap, based on PONS’s previous surge to nearly $1 billion. STONK has since broken through a $280 million market cap, and the profit screenshot he shared shows gains of roughly $180,000. While he notes STONK’s buyback design lags behind that of Robinhood Chain’s launchpad Long.xyz, he remains more optimistic about the Solana ecosystem’s future development. Finally, Chris stated in a long post that he will continue holding STONK and PUMP, but reminded all crypto investors to always prioritize taking profits in trading.
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Jiang Zhuoer: Bitcoin may pull back after liquidating positions above $76,000, holds a full position of Bitcoin short orders plus Ethereum spot
Jiang Zhuoer, founder of BTC.TOP (formerly LTCMine Pool), stated in a post that the most likely scenario for Bitcoin right now is to first clear the high liquidation zone around $76,000, with Ethereum (ETH) simultaneously testing its liquidation zone near $2,665. After clearing the $76k zone, two subsequent scenarios emerge: a) Bitcoin stops its decline and rebounds before hitting $75k, after which it is more likely to rally back to $80k, even touching the high resistance zone of $83k to $84k before a major correction; b) If Bitcoin decisively breaks below $75k, it will trigger a correction corresponding to its prior rally from $64k, projected to reach $70k to $72k before entering the next phase of the bull market. Jiang added that next week’s bill vote and Federal Reserve announcements could serve as key catalysts, so he is maintaining a neutral position: full short positions in BTC paired with full spot holdings in ETH.
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Meme coin ANTHROPIG briefly hits a new all-time high of $9 million, paired with ANTHROPICx1L via the Long.xyz platform.
According to GMGN data, the on-chain meme coin ANTHROPIG on the Robinhood chain briefly hit a new high of $9 million, currently trading at $7.61 million, with a 24-hour trading volume of $6.7 million. ANTHROPIG’s core narrative is “Anthropic Pig / Pigified Anthropic”, directly capitalizing on the hype around Long.xyz’s upcoming/already supported Anthropic tokenized 1x long position (ANTHROPICx1L). Trading is conducted via pairing on the Long.xyz platform with ANTHROPICx1L (Anthropic’s 1x long tokenized position). Long.xyz is a meme coin issuance platform on the Robinhood chain, focusing on an innovative “crypto-stock meme” model that ties traditional meme coins directly to tokenized U.S. stocks, forming a dual-driven mechanism of “sentiment speculation + real asset anchoring”. The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.) instead of traditional USDT or ETH pairs. A portion of transaction fees flows back to the community treasury to accumulate the corresponding U.S. stock tokens, creating a unique value capture model. Anthropic currently has high IPO expectations, but as it remains unlisted, direct long positions are difficult in traditional markets. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, representing an upgraded version of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related tokens have high price volatility and significant uncertainty, so users should exercise caution in their investments.
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Meme coin FRONTIER hits $3 million in just 10 minutes post-launch, paired with ANTHROPICx1L via the Long.xyz platform.
According to GMGN data, Robinhood's on-chain meme coin FRONTIER hit a market cap of $3 million and trading volume of $2.3 million just 10 minutes after launch. FRONTIER is inspired by a recent article from Anthropic CEO Dario Amodei, in which he explains to the public why the AI industry should slow down and proposes a three-part plan to achieve this. FRONTIER trades in pairs with ANTHROPICx1L (Anthropic 1x Long tokenized position) via the Long.xyz platform. Long.xyz is Robinhood's on-chain meme coin launch platform, focused on an innovative "coin-stock meme" model that ties traditional meme coins directly to tokenized U.S. stocks, forming a dual-driven mechanism of "sentiment speculation + real asset anchoring". The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.) instead of traditional USDT or ETH pairs. A portion of transaction fees flows back to the community treasury to accumulate the corresponding U.S. stock tokens, creating a unique value capture model. Anthropic currently has high IPO expectations, but as it remains unlisted, direct long positions are difficult in traditional markets. On-chain platforms like this provide speculative exposure via such tokenized long positions paired with meme coins, representing an upgraded version of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related tokens have high price volatility and significant uncertainty, so users should exercise caution when investing.
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CATGPT rallies again, briefly surging past $20 million before pulling back, with its current market cap standing at $15.62 million.
According to GMGN market data, after an afternoon of shake-out and consolidation, Robinhood ecosystem meme coin CATGPT has surged again, briefly breaking through the $20 million market cap before pulling back. Its current market cap stands at $15.62 million, with a 41% gain in the past hour. CATGPT trades in a pair with OPENAIx1L (OPENAI 1x Long tokenized position) via the Long.xyz platform. Long.xyz is a meme coin launch platform on the Robinhood chain, focusing on the innovative "coin-stock meme" model that directly links traditional meme coins to tokenized U.S. stocks, creating a dual-driven mechanism of "sentiment speculation + real asset anchoring." The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.), instead of the traditional pairing with USDT or ETH. A portion of transaction fees flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a unique value capture model. OPENAI currently has high IPO expectations, but as it remains unlisted, traditional markets cannot easily go long on it. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, an upgraded iteration of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related token prices are highly volatile and carry significant uncertainty, so users should exercise caution when investing.
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Well-known Trader: Bitcoin’s Persistent Short-Term Volatility Aims to Hunt Longs and Crush Their Confidence
Renowned trader Killa published an analysis noting that Bitcoin has been in repeated choppy swings recently, with the market repeatedly hunting long positions below previous lows—aimed at liquidating leverage and gradually eroding the confidence of long-position holders. Killa argues that this continuous stop-hunting behavior typically signals the market’s ultimate intent to reward longs, with the final sweep marking a local bottom before prices extend higher. A BTC-focused quantitative trader, Killa correctly predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and shifted to a long position on June 5 amid the market’s broad sell-off.
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Bitcoin derivatives open interest fell by approximately $1 billion over the past 24 hours, as the market cleared leverage amid sharp CPI-driven volatility.
According to data from crypto analyst @AxelAdlerJr, Bitcoin's futures contract open interest has decreased by 13,600 units over the past 24 hours, equivalent to roughly $1.051 billion. Separately, HTX market data shows Bitcoin experienced sharp short-term volatility after last night's CPI release: it dipped to a low of $76,000 before rallying to a high of $79,800, with the majority of contract leverage being liquidated during this period.
A recent Federal Register notice has drawn attention by formally naming XRP alongside Bitcoin, Ether, and Solana in its review of eligibility standards for Commodity-Based Trust Shares. This development marks another step in XRP’s interaction with regulated investment frameworks in the United States.
XRP appears among leading digital assets in official noticeThe Federal Register, which serves as the official journal for US government rules and notices, included XRP as one of four digital assets meeting eligibility criteria for potential Commodity-Based Trust Share listings. Researcher BankXRP highlighted the inclusion on the X platform, noting XRP’s appearance directly alongside other prominent cryptocurrencies.
BankXRP observed that XRP, Bitcoin, Ether, and Solana are named as qualifying digital commodities for trust share listings in the Federal Register, drawing attention to the document’s more specific eligibility language.
The notice, issued on August 3, 2026, relates to a Cboe BZX Exchange proposal amending rules associated with Commodity-Based Trust Shares. Bitcoin, Ether, Solana, and XRP are listed as assets that satisfy the exchange’s generic listing standards, contingent on certain market and product conditions.
Each asset’s eligibility depends on both an established futures market and the existence of an exchange-traded fund that covers at least 40% economic exposure for the commodity.
The explicit reference puts XRP in a regulatory context with Bitcoin, Ether, and Solana, emphasizing its role as a candidate for regulated trust structures.
AssetNamed in NoticeQualifying Futures MarketETF With ≥40% ExposureBitcoinYesYesYesEtherYesYesYesSolanaYesYesYesXRPYesYesYesMini dictionary: Federal Register, the daily official publication for rules, proposed rules, and notices from U.S. federal agencies and organizations.
The distinction between eligibility and ETF approvalDespite XRP’s prominent mention, the Federal Register notice does not represent approval for an XRP exchange-traded fund. Instead, it clarifies which assets meet eligibility for trust share listings under existing and proposed rules. The Cboe BZX Exchange’s proposal discusses both the current requirements and a suggested buffer that could permit assets not fully meeting all criteria to qualify under specific conditions.
This language deals with listing requirements for regulated investment vehicles. It does not serve as a Securities and Exchange Commission (SEC) declaration on XRP’s status as a security or non-security. Eligibility under trust share listing standards is considered separately from regulatory classifications that may apply in different contexts.
The Federal Register’s inclusion of XRP relates only to the asset’s suitability for Commodity-Based Trust Shares and does not indicate that an XRP ETF is approved or imminent.
Potential impact for future XRP investment productsWhile XRP’s mention is significant for ongoing discussions about regulated investment products, market observers note that it does not initiate or guarantee new listings. The implications of this eligibility could become clearer if applicants reference the Federal Register notice in future XRP trust filings with regulators.
BankXRP emphasized the importance of XRP’s presence in the eligibility discussion, suggesting it strengthens the regulatory foundation for any future products.
However, eligibility in the Federal Register is just the initial step. Actual approval for any XRP-based trust or ETF would require a separate review and decision by regulatory bodies.
The situation highlights the evolving regulatory landscape for digital assets as governmental agencies refine requirements for commodities, securities, and various investment products.
XRP has appeared in two recent US fund registration filings, indicating growing institutional attention toward the digital asset. Both fund updates describe separate products in different stages of development, with XRP featuring as a key component in each.
Cryptex ETF filing includes XRP as major componentThe Cryptex Digital Market Cap ETF, a proposed multi-asset cryptocurrency fund, submitted a pre-effective amendment on September 11. This filing lists XRP as an eligible component with a 4.36% weighting in the underlying Cryptex Digital Market Cap Index as of September 8.
Cryptex Finance is a digital asset index provider that has developed a multi-asset index designed to track the overall cryptocurrency market. The ETF, if approved, is planned to trade on Nasdaq under the ticker BAGZ and is not a single-asset XRP fund.
XRP holds a 4.36% index weight, exceeding the assignments for Chainlink, Solana, and Avalanche in the same index. After Cryptex applies its final eligibility screens, XRP’s indicated fund allocation stands at 4.41%.
Other major cryptocurrencies hold leading index positions, with Bitcoin at 25.83% and Ethereum at 13.55%. Chainlink, Solana, and Avalanche have respective index weights of 3.15%, 2.80%, and 2.13%. The original index contains 36 assets, while the final fund allocation narrows the list to 19 constituents that meet operational and listing requirements.
AssetIndex Weight (%)Bitcoin (BTC)25.83Ethereum (ETH)13.55XRP4.36Chainlink (LINK)3.15Solana (SOL)2.80Avalanche (AVAX)2.13The ETF’s S-1/A amendment is a preliminary registration step and does not mean the product has been approved or that trading will begin imminently. The product must still become effective, complete its listing process, and satisfy all regulatory and sponsor requirements.
Mini dictionary: Cryptex Finance is a digital asset index provider specializing in creating market capitalization indexes to enable crypto-based ETF products. The Cryptex Digital Market Cap ETF aims to offer exposure to a broad range of cryptocurrencies following eligibility and listing screens.
Teucrium short XRP fund effective date pushed to OctoberIn a separate filing on September 11, Listed Funds Trust amended the effectiveness date for its Teucrium 2x Short Daily XRP ETF. The new target date is set for October 11, 2026.
Listed Funds Trust is an investment firm known for launching exchange-traded products that track strategies in both traditional and digital markets. This specific fund aims to deliver negative two times the daily return of XRP before fees and expenses by using swaps, rather than by selling XRP directly.
If XRP declines by 3% in one trading day, the fund targets roughly a 6% increase before costs. Due to the effects of compounding and daily leverage resetting, long-term returns may differ significantly from negative twice XRP’s cumulative movement.
The fund’s prospectus highlights that investors can lose money even if XRP falls, due to the compounding effects inherent in daily resets, and refers to the product as a short-term trading vehicle needing active monitoring.
The recent amendment only changes the effective date and does not specify an initial trading date, exchange symbol, or any new investment strategy for the fund. The filing does not attribute the timing adjustment to regulatory developments, pending legislation, or political negotiations, including the CLARITY Act or any Senate decisions.
Mini dictionary: Listed Funds Trust is an asset management company that sponsors and manages various exchange-traded funds, including those tied to cryptocurrencies and their derivatives. Teucrium is its partner providing commodity and digital asset fund management expertise.
BNB Chain has achieved significant momentum in the rapidly developing market for real-world asset (RWA) tokenization, registering a $3.6 billion increase in RWA value since the start of 2026.
BNB Chain extends lead in RWA growthRecent figures from CryptoRank indicate that BNB Chain now stands as the fastest-growing blockchain network in terms of RWA value growth this year. This upward trajectory has enabled BNB Chain to surpass competitors and consolidate its position in the sector.
The network, recognized for its scalable blockchain infrastructure, has outpaced other major platforms such as Solana and Stellar, underscoring the notable surge in investor adoption of tokenized assets on BNB Chain.
BNB Chain has recorded a $3.6 billion increase in RWA value in 2026, positioning it as the leading blockchain for growth in this sector.
Solana and Stellar follow behindSolana, an open-source blockchain with a focus on speed and scalability, ranked second after BNB Chain, with RWA value growing by $2.6 billion during the same period. Stellar, which specializes in facilitating cross-border asset transfers, secured third place, adding $2.5 billion in RWA value since the beginning of the year.
Blockchain NetworkRWA Value Growth (2026)BNB Chain$3.6 billionSolana$2.6 billionStellar$2.5 billionEthereum$1.6 billionDespite significant overall market share, Ethereum saw RWA value increase by only $1.6 billion, placing it in fourth position in terms of growth this year.
Mini dictionary: Real-world assets (RWAs), in the context of blockchain, refer to the digital representation or tokenization of tangible financial assets such as real estate, commodities, bonds, or invoices on blockchain networks to enable easier transfer, trading, and settlement.
Growing adoption of tokenized assetsThe strong performance of these networks highlights increased interest among investors for blockchain-based solutions that bring off-chain assets onto public ledgers. BNB Chain’s rise reflects broader market enthusiasm for tokenized RWAs.
Across the sector, the collective value of tokenized real-world assets on blockchain networks has expanded by more than 50% since the beginning of 2026. This brings the total RWA value recorded on blockchains this year to about $39 billion.
Industry analysts have attributed this growth to continued innovation within blockchain protocols, improving market infrastructure for RWA tokenization, and a steady increase in institutional and retail participation.
These developments have further strengthened blockchain’s position as a growing foundation for mainstream financial products and asset classes.
With major networks like BNB Chain, Solana, Stellar, and Ethereum actively competing for market share, the RWA segment is expected to remain a focal point for further blockchain adoption in the coming months.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana rebounded to above $100 after an earlier dip this week, with a short-term death cross highlighting recent weakness.
SOL declined for four consecutive days from September 7 to 10, 2026 amid the wider crypto market's decline. During the decline, a death cross formed on the 2-hour chart with the MA 50 falling below the MA 200.
However, a sharp rebound on Friday took bears who had expected a further drop by surprise, as SOL price sharply rose, defying the short-term death cross.
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SOL/USD 2-Hour Chart, Image By TradingViewAs seen on the 2-hour chart, Solana rose on September 11, 2026 rising from $98 to $104, producing a massive green candlestick shortly after the death cross emerged.
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Solana created its first major golden cross in 2026 on the daily chart at the start of September 2026, eliciting hopes of an extended rebound, but the price consolidated shortly after a breakout in mid-August.
At the time of writing, SOL was down 1.15% in the last 24 hours to $101.98 and 0.87% weekly.
The next resistance is at $110, while major support is expected at $83 and $87 in the event of a price drop.
SEC chairman to give keynote at Solana eventOn September 14, Solana will be hosting 'Solana Summit: Washington x Wall Street,' a gathering of policymakers, investors, and builders. The event offers participants the opportunity to hear from regulators and industry leaders on the direction of blockchain policy.
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Solana's infrastructure, competitive position, and institutional use cases will be discussed while allowing participants to connect with allocators, policymakers, and builders across decentralized finance.
Highlights of the event will include a discussion with Patrick Witt, who is leading the White House's crypto policy efforts and who will shed light on the latest on the administration's efforts to advance crypto policy.
In a Fireside Chat, SEC Commissioner Hester Peirce will discuss the policy pathways that will define capital markets infrastructure for the next decade.
SEC Chairman Paul Atkins will deliver a closing keynote address at the event.
Email marketing platforms are the quiet infrastructure of the internet, the unglamorous pipes that move newsletters and alerts from companies to inboxes. A breach at Brevo, the email marketing service formerly known as Sendinblue, exposed a vulnerability that sent ripples across the crypto industry, prompting Solana Mobile to warn its users about elevated phishing risks.
The breach unfolded on September 9-10, 2026, when an attacker exploited a flaw in Brevo’s SAML SSO handling, a single-sign-on authentication mechanism that, when misconfigured or vulnerable, can hand an outsider the keys to a remarkably wide door.
What actually happened The attacker gained unauthorized access to 138 Brevo customer accounts using the SSO vulnerability. Of those, six accounts were weaponized to send phishing emails directly to subscribers. Another 43 accounts had their contact lists exported, meaning email addresses quietly left the building even if no phishing message followed immediately.
Brevo identified the intrusion and closed the attack vector by approximately 8:30 AM UTC on September 10, resetting active sessions to cut off further unauthorized access.
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The crypto sector bore the brunt of the targeting. Trezor, the hardware wallet maker, disclosed that phishing emails reached roughly 347,000 of its newsletter subscribers on September 9. BitBox and CoinTracking also confirmed their Brevo accounts were among those exploited, with their user bases receiving similar impersonation attempts.
The phishing campaigns leaned on a familiar playbook: impersonate a trusted brand, manufacture urgency around a fabricated security issue, and push the recipient toward a malicious link or credential-harvesting page. The raw material for these attacks was the exported contact data, not a direct compromise of wallets or private keys.
Solana Mobile issued a warning to its users flagging the phishing risk in the wake of the incident. The company’s own account does not appear to have been among the 138 compromised, but the broader exposure across crypto-adjacent firms was enough to warrant a public heads-up to anyone who might receive suspicious emails claiming to be from the brand.
Why crypto companies keep ending up here Third-party email platforms create a structural risk that individual companies can do little to fully control. A company can secure its own systems, implement rigorous access controls, and train its staff, and still find itself exposed because a vendor somewhere upstream had a misconfigured authentication layer.
The SAML SSO vulnerability at the center of this breach is worth understanding briefly. SAML, which stands for Security Assertion Markup Language, is the technology that lets you log into a third-party service using credentials from another provider. When a vulnerability exists in how the assertions are handled or verified, an attacker can potentially forge or hijack authentication tokens, gaining access without needing a password at all.
What users and companies should do now The immediate risk for anyone subscribed to a crypto-related newsletter, whether from Trezor, BitBox, CoinTracking, Solana Mobile, or any other brand using Brevo, is a heightened volume of convincing phishing attempts. The emails will likely reference real products, use accurate branding, and create pressure around urgent security scenarios.
The core defense is skepticism about unsolicited emails asking for any action, particularly clicking links, entering credentials, or confirming seed phrases. No legitimate crypto company will ask for a seed phrase over email. Ever.
For companies, the incident highlights a due diligence gap that has become increasingly costly. Vetting third-party vendors for security posture, specifically their authentication infrastructure and incident response capabilities, is no longer optional for businesses operating in high-value target sectors.
Trezor’s exposure of 347,000 subscriber addresses in a single incident gives a sense of scale. Contact lists built over years of legitimate marketing become attack infrastructure when they fall into the wrong hands, no wallet compromise required.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana’s native token SOL saw a strong recovery above $100 following a sharp decline earlier in the week, defying technical signals that suggested further downside.
Technical analysis: Price action and short-term signalsSOL experienced four consecutive days of losses from September 7 to September 10, 2026, as the broader cryptocurrency market faced renewed selling pressure. During this period, a death cross appeared on Solana’s two-hour chart as the 50-period moving average moved below the 200-period moving average, which is typically interpreted as a bearish indicator by technical analysts.
Despite this bearish formation, SOL surprised many traders with a sharp bounce on Friday, quickly climbing from $98 to $104 on September 11, 2026. This surge was marked by a significant green candlestick, exposing shorts who expected further declines.
Mini dictionary: Death cross/golden cross, Technical analysis terms referring to moving average crossovers; a death cross occurs when a shorter-term moving average crosses below a longer-term one, signaling possible bearish momentum, while a golden cross is generally considered a bullish signal.
Earlier in September 2026, Solana displayed its first major golden cross of the year on the daily chart. Optimism briefly returned as this signal is commonly associated with upward momentum, but the price soon entered a consolidation phase after a breakout seen in mid-August.
DateEventPrice RangeSeptember 7-10, 2026Four-day decline, death cross (2h chart)Fell below $100September 11, 2026Sharp rebound, large green candle$98 to $104Early September 2026Golden cross (daily chart)Consolidation after breakoutKey levels and current market statusAt the latest check, SOL traded at $101.98, reflecting a 1.15% dip over the past 24 hours and a weekly decline of 0.87%. Analysts are watching for immediate resistance at $110, which could become a focal point if bullish momentum continues. On the downside, key support zones are identified at $83 and $87 in case of another market downturn.
On the two-hour chart, Solana quickly rose from $98 to $104 in a strong upward move, posting a massive green candlestick soon after the short-term death cross appeared.
Upcoming Solana Summit: Focus on regulation and institutional adoptionSolana, a public blockchain platform recognized for high performance and institutional DeFi applications, plans to host the ‘Solana Summit: Washington x Wall Street’ on September 14. The event aims to bring together policymakers, investors, and industry innovators to engage in discussions on blockchain policy and regulatory direction.
The agenda includes insights into Solana’s infrastructure and future role in institutional finance. Attendees will have the opportunity to connect with participants across the decentralized finance landscape, including asset allocators, regulatory officials, and protocol builders.
A featured panel will include Patrick Witt, who heads crypto policy efforts at the White House, offering an overview of ongoing administration initiatives. In a Fireside Chat, SEC Commissioner Hester Peirce will examine the evolving policy landscape shaping capital markets for the next decade. SEC Chairman Paul Atkins will provide the closing keynote address, capping a day focused on bridging the gap between the crypto industry and traditional financial infrastructure.
12 September 2026 | 19:43 BNB Chain’s reported RWA growth points to stronger issuer distribution, but it does not show whether tokenized assets are generating lasting onchain activity.
Key Takeaways BNB Chain led reported 2026 RWA growth. The chart measures growth, not total value. Funds and tokenized equities added distribution. Asset value does not guarantee BNB demand. Issuer concentration remains an important risk. BNB Chain led CryptoRank’s 2026 growth comparison BNB Chain shared a CryptoRank chart on September 12 that ranked the network first for real-world asset (RWA) value growth in 2026. RWAs are blockchain-based tokens linked to traditional assets, including funds, Treasuries, credit and equities.
Using RWA.xyz data, CryptoRank put BNB Chain’s year-to-date RWA value growth at about $3.6 billion. Solana followed with $2.6 billion and Stellar with $2.5 billion. The comparison does not measure total RWA value, trading activity, network revenue or demand for BNB.
The public chart also does not provide a product-by-product breakdown or its full calculation methodology. It shows the scale of the reported increase, but not which assets generated it or how much of the change came from each category.
Who run the (RWA) world?
BNB Chain.https://t.co/DTZP40o83D
— BNB Chain (@BNBCHAIN) September 12, 2026
One dashboard can show four different RWA stories The ranking needs context because onchain-asset dashboards track different measures. On September 12, RWA.xyz’s BNB Chain dashboard showed about $5.6 billion in distributed asset value, $14.3 billion in stablecoins and $14.9 billion in 30-day RWA transfer volume.
What each number measures
About $3.6B: reported 2026 growth
The year-to-date change shown in CryptoRank’s comparison. It is not an additional asset pool to add to the current total.
About $5.6B: distributed asset value
Tracked RWA tokens that can move outside their issuing platforms. The figure does not show how often they trade.
About $14.3B: stablecoin market cap
Stablecoins are tracked separately from tokenized investment products and should not be treated as the same category.
About $14.9B: 30-day transfer volume
Transfers can include trades, issuer operations, redemptions, bridge activity and wallet movements—not only fresh investor demand.
For that reason, transfer volume can indicate activity without showing whether investors are accumulating assets. Recent tokenized-stock data showed that transfers can grow much faster than the capital held in the products.
Issuer distribution is widening, but the breakdown is unclear BNB Chain now hosts tokenized money-market products, Treasury-linked funds and tokenized equities. Its institutional-finance page lists BlackRock’s BUIDL fund, Franklin Templeton’s BENJI platform, Circle’s USYC and Ondo Global Markets among products available on the network.
Public data does not isolate how much each product contributed to the $3.6 billion increase. Tokenized equities may be one contributor: BNB Chain introduced bStocks as BEP-20 tokens in June, while Ondo Global Markets expanded access to tokenized U.S. stocks and ETFs.
Availability is not uniform. KYC checks, transfer restrictions, investor eligibility and redemption terms can vary by product and jurisdiction. Economic exposure to a stock or fund also does not automatically provide the voting, custody or redemption rights attached to an ordinary security, as explained in this guide to RWA tokenization platforms.
Binance Research, the exchange group’s research arm, estimated in July that BNB Chain hosted close to 30% of tokenized equities and ETFs by market capitalization. Its analysis also found substantial bStocks turnover onchain, much of it outside U.S. market hours, while noting that tokenized-equity trading remained a small share of activity in the underlying stock market.
The relevant test is whether these products retain users after issuance through secondary liquidity, collateral use and repeat settlement, not merely whether they can be issued onchain.
Why more RWA value does not automatically lift BNB demand BNB is used to pay network fees and participate in the BNB Chain ecosystem. Tokenized products may increase fee usage when they create transactions that would not otherwise take place on the chain. Their face value, however, does not translate directly into demand for BNB.
A large money-market fund may remain largely inactive after issuance. A tokenized equity can trade often while generating limited fees because BNB Chain transactions are inexpensive. Gas sponsorship and custodial interfaces can further weaken the link between end-user activity and direct BNB purchases.
The evidence to watch is additional fee-paying activity tied specifically to tokenized assets: recurring settlement, secondary trading, collateral transfers and DeFi use. These show more about network use than the notional value of tokens held on the chain.
A lead in RWA value can still be concentrated RWA.xyz’s BNB Chain platform table includes a small group of major issuers and platforms, including Franklin Templeton, Circle, BitGo, Ondo and Binance-linked products. That concentration is common in a regulated market, where issuers need compliance and distribution infrastructure before bringing assets onchain.
It also means that a few decisions can materially affect the ranking. An issuer changing networks, a large redemption or a platform reducing support for a product could reverse part of the reported growth without demonstrating a broad shift in user demand.
The same issue appeared in Solana’s RWA and payments data, where high activity depended heavily on a limited number of issuers and venues. A chain can win issuer distribution before it wins broad user adoption: the first appears in asset listings, while the second requires persistent holders and liquid secondary markets.
What would make BNB Chain’s lead more durable? More issuers: A smaller share controlled by the largest platforms would reduce dependence on a few providers. Deeper secondary markets: Tighter spreads, available liquidity and repeat trading without temporary incentives would show use beyond issuance. Visible DeFi use: Collateral balances, lending markets and RWA-specific transactions would show whether the assets are becoming financial building blocks. BNB Chain’s ranking is meaningful evidence that issuers are selecting the network for distribution. It becomes stronger evidence of a durable RWA market only if those assets continue to change hands in liquid venues, work as collateral and attract users beyond the initial issuing platforms.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Hey Wallet, the Solana-based social wallet that let people send crypto through their X handles and tip creators on Discord, announced it’s shutting down. The service posted the news on its official X account, directing users to back up their wallets at heywallet.com before the lights go off for good.
No specific shutdown date was given. No reason was offered either, just a thank-you to the community and a polite but urgent reminder to export private keys and move assets elsewhere.
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What Hey Wallet actually did Hey Wallet launched in 2021, born out of a Solana hackathon with a straightforward premise: connect web2 social networks with blockchain functionality.
In practice, that meant users could send SOL to someone’s X handle instead of copying and pasting a 44-character wallet address. They could tip content creators on Discord, swap tokens through Telegram, and mint NFTs, all from within the social platforms they were already using.
A pattern forming in wallet closures Hey Wallet isn’t closing in isolation. It joins a growing list of wallet services that have shut down this year, including HaHa Wallet and Magic Eden’s ME Wallet.
What affected users should do now The immediate concern is practical. Anyone who used Hey Wallet to store SOL or other Solana-based tokens needs to act before the service goes offline. The company has pointed users to heywallet.com to export their private keys, which can then be imported into any compatible Solana wallet.
The process itself is straightforward: visit heywallet.com, export your wallet’s private key or seed phrase, and import it into Phantom, Solflare, or another Solana wallet. Any tokens held in the wallet belong to the blockchain, not to Hey Wallet’s servers, so the assets themselves aren’t at risk as long as users complete the migration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana fiyatında satış baskısı güçlenirken kritik 100 dolar desteği aşağı yönlü kırıldı. SOL, 98 dolara kadar geriledikten sonra sınırlı bir toparlanmayla 99,90 dolar civarında işlem görürken günlük kayıp yüzde 1,8 seviyesine ulaştı. Fiyatın kısa vadeli hareketli ortalamaların altına düşmesi teknik görünümü zayıflatırken, 10 milyon doların üzerindeki uzun pozisyon tasfiyesi de piyasadaki baskıyı artırdı. Analizlere göre yatırımcıların önümüzdeki süreçte özellikle 93 dolar desteği ile 102 dolar direncini yakından takip etmesi gerekiyor.
Solana 100 Dolar Desteğini Kaybetti SOL fiyatının 100 doların altına gerilemesi kısa vadeli piyasa yapısında önemli bir değişime işaret etti. Fiyatın 9 günlük ve 21 günlük hareketli ortalamaların altına inmesi, satıcıların piyasada daha güçlü hale geldiğini gösteriyor. CoinGlass verilerine göre düşüş sırasında 10 milyon doların üzerinde uzun pozisyon tasfiye edildi. Bu durum yükseliş beklentisiyle kaldıraçlı işlem açan yatırımcıların pozisyonlarının kapanmasına neden olurken, satış baskısının da güçlenmesine yol açtı. Solana’daki geri çekilmeyle birlikte türev piyasasındaki aktivite de azaldı. Türev işlem hacmi yüzde 8 düşerek 7,1 milyar dolara gerilerken açık pozisyon miktarında yaklaşık yüzde 3 düşüş yaşandı.
İlginizi Çekebilir: XRP Yatırımcıları Dikkat: İki Kritik Karar Yaklaşıyor!
Opsiyon hacmi yüzde 5, opsiyon açık pozisyonları ise yüzde 10 azaldı. Vadeli işlemlerde çıkışların 1,78 milyar dolara ulaşarak 1,69 milyar dolarlık girişleri aşması da dikkat çekti. Böylece vadeli işlemler net akışı yaklaşık eksi 86 milyon dolar seviyesine geriledi. Spot piyasada ise beş gün boyunca negatif kalan net akış yeniden pozitife dönerek yaklaşık 2,8 milyon dolara yükseldi. Borsalara doğru artan SOL girişleri, yatırımcıların satış amacıyla token transfer ediyor olabileceğine işaret ederken, hem spot hem de türev taraftaki veriler piyasanın temkinli görünümünü destekliyor.
Solana İçin 93 Dolar Desteği Kritik Teknik göstergeler SOL üzerindeki kısa vadeli baskının devam ettiğine işaret ediyor. Fiyatın hem 9 günlük hem de 21 günlük hareketli ortalamanın altında bulunması düşüş görünümünü desteklerken, Bulls V Bears göstergesinin iki gün üst üste negatif bölgede kalması da satıcıların ağırlığını ortaya koyuyor. Satış baskısının devam etmesi halinde 93 dolar ilk kritik destek olarak takip edilecek. Bu seviyenin yeniden test edilmesi, mevcut hareketin sınırlı bir düzeltme mi yoksa daha derin bir geri çekilmenin başlangıcı mı olduğunu gösterebilir. 93 dolar desteğinin kaybedilmesi halinde SOL fiyatında 90 doların altındaki seviyelerin gündeme gelme riski artabilir.
Solana’da düşüş görünümünün zayıflaması için fiyatın yeniden 100 dolar üzerine çıkması önemli olsa da teknik açıdan asıl kritik seviye 102 dolar olarak öne çıkıyor. SOL’un 102 dolar üzerinde günlük kapanış gerçekleştirmesi mevcut düşüş senaryosunu geçersiz kılabilecek önemli bir sinyal olabilir. Böyle bir hareket alıcıların yeniden güç kazandığını gösterebilir ve Solana’nın kaybettiği seviyeleri geri alma ihtimalini artırabilir. Kısa vadede yatırımcıların izlemesi gereken iki ana seviye 93 dolar destek ve 102 dolar direnç bölgesi olarak öne çıkıyor.
Değerlendirme Solana’nın 100 dolar desteğini kaybetmesi kısa vadeli teknik görünümde satıcıları avantajlı konuma taşıdı. Türev ve opsiyon piyasasındaki aktivitenin azalması yatırımcıların risklerini düşürdüğünü gösterirken, spot piyasadaki girişler ve vadeli işlemlerdeki negatif net akış satış baskısının tamamen sona ermediğine işaret ediyor. Önümüzdeki süreçte 93 doların korunması SOL açısından kritik olacak. Bu seviyenin kaybedilmesi 90 dolar altına doğru daha derin bir geri çekilme riskini artırabilir. Buna karşılık 102 dolar üzerinde günlük kapanış yapılması, kısa vadeli görünümün yeniden alıcılar lehine değişmeye başladığını gösterebilir.
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U.S. spot Bitcoin ETFs have lost $462.7 million during the September 8–11 trading week, while Ethereum funds have gained $196.9 million and Solana funds have drawn a smaller $9.7 million inflow.
Summary
Bitcoin ETFs recorded net outflows in all four trading sessions, led by a $282.7 million loss Thursday. Ethereum ETFs gained $216.4 million Friday, turning their weekly total positive. Solana funds added $9.7 million, while Hyperliquid funds lost $26.5 million. The four ETF groups tracked by Farside posted a combined $282.6 million net outflow. Farside Investors’ Bitcoin ETF data shows that the funds lost money each day from Tuesday through Friday. U.S. markets were closed Monday, September 7, for Labor Day, leaving four sessions in the reporting week. Farside’s separate tables put Ethereum and Solana funds in positive territory, while Hyperliquid funds ended with outflows.
Bitcoin ETF losses peaked on Thursday Bitcoin funds began Tuesday with $46.6 million in net outflows. The daily loss rose to $120.2 million Wednesday and $282.7 million Thursday before easing to $13.2 million Friday, according to Farside. The four sessions erased part of the $986.7 million that the same funds had gained in the previous trading week.
ARK 21Shares’ ARKB had the largest weekly outflow among individual Bitcoin funds at $234.2 million. Its $164.3 million loss on Thursday accounted for much of that amount. Grayscale’s GBTC followed with $129.1 million in weekly outflows, including $65.5 million on Tuesday and $36.4 million on Thursday.
BlackRock’s IBIT lost a net $52.5 million over the week. After taking in $10.7 million on Tuesday, it posted outflows of $19.5 million on Wednesday, $24.5 million on Thursday, and $19.2 million on Friday. Fidelity’s FBTC finished the week down $50.7 million, while VanEck’s HODL lost $13.1 million.
A few products still drew money. Morgan Stanley’s MSBT gained $19.7 million across the four sessions, with inflows recorded each day. Bitwise’s BITB ended with a $1.9 million gain after its $14.5 million Tuesday inflow was largely offset by a $12.6 million Thursday outflow.
The weekly flow figures describe subscriptions and redemptions in U.S.-listed funds. They do not show whether a particular holder bought or sold Bitcoin directly. In August, crypto.news reported Jane Street held more than $1 billion in spot Bitcoin ETF shares at the end of June, including roughly $828 million in IBIT. The regulatory filing showed an earlier quarter-end position, not the firm’s holdings during the September trading week.
Ethereum ETFs turned positive after Friday’s inflow Ethereum funds entered Friday with a combined $19.5 million net outflow for the week. Farside recorded a $24.3 million loss Tuesday, a $34.7 million gain Wednesday, and a $29.9 million loss Thursday. Friday’s $216.4 million inflow took the weekly result to a $196.9 million gain.
BlackRock’s ETHA supplied most of Friday’s inflow, adding $148.8 million. The fund finished the week with $139.9 million in net inflows after a $18.6 million outflow on Thursday, which partly offset its gains on Wednesday and Friday. BlackRock’s staked Ethereum fund, ETHB, added $55.1 million for the week, with $22.9 million arriving Wednesday and $18.3 million Friday.
Bitwise’s ETHW gained $29.1 million, all on Friday. VanEck’s ETHV drew $3.7 million the same day. Fidelity’s FETH moved the other way: a $25.2 million outflow on Thursday left it with a $3.9 million weekly loss despite inflows on Tuesday and Friday.
Grayscale’s ETHE lost $17.3 million over the four sessions. Its smaller ETH fund lost $11.8 million after a $24.6 million Tuesday outflow outweighed later gains. Ethereum ETFs brought in $215.3 million in the previous week, based on Farside’s daily totals, making the latest four-session gain slightly smaller despite Friday’s large inflow.
The listed products give U.S. investors a way to trade exposure to Bitcoin or Ethereum through fund shares. Earlier crypto.news covered Morgan Stanley’s holdings in BlackRock’s Bitcoin ETF, which its second-quarter filing put at about 16.5 million shares after a 23% increase. The report also described its exposure to Ether and Solana; those quarter-end holdings cannot be used to identify who drove this week’s ETF flows.
Solana ETFs gained $9.7 million Solana funds posted their only positive day on Wednesday, when Farside recorded $11.2 million in net inflows. Smaller losses of $0.7 million Tuesday, $0.5 million Thursday, and $0.3 million Friday reduced the weekly total to a $9.7 million gain.
Bitwise’s BSOL accounted for $9.5 million of the weekly inflow. The fund received $11.2 million on Wednesday, then lost $1.4 million on Thursday and $0.3 million on Friday. VanEck’s FSOL added $0.9 million Thursday, and its TSOL fund gained $0.5 million Tuesday. Grayscale’s GSOL recorded a $1.2 million outflow Tuesday and no further net movement in the Farside table.
Hyperliquid funds lost money in three sessions Hyperliquid ETFs recorded $26.5 million in weekly net outflows. Farside listed a $13 million loss Tuesday, followed by $5.3 million Wednesday and $8.2 million Friday; its table showed no net flow Thursday.
Bitwise’s BHYP accounted for $20.2 million of the weekly loss. It lost $8.1 million Tuesday, $5.3 million Wednesday, and $6.8 million Friday. The 21Shares THYP fund lost $6.3 million across Tuesday and Friday, while Farside recorded no net movement for HYPG during the week.
TLDR: Dominion Market’s multisig wallets were breached near 01:00 UTC on Friday, September 11. SILV bought between 01:00 and 14:00 UTC Friday will be frozen and removed from wallets. USDC refund claims open Monday, September 14 at 12:00 UTC via onchain verification. Dominion is working with SIRN and SEAL 911 while targeting a full SILV repeg soon. Dominion Market confirmed a wallet breach that pushed its Solana-based SILV token off its 1:1 silver backing. The platform moved fast, pulling liquidity and locking down compromised wallets within hours.
Tokens purchased during the exploit window will be frozen, while long-term holders keep their balances untouched. A refund process opens Monday, and the team says a full repeg is coming soon.
Breach Response and Wallet Security Dominion Market said the compromise began near 01:00 UTC on Friday, September 11. The team detected unusual activity roughly three hours later and moved to contain it.
Founder Mark said the platform pulled liquidity, secured the affected wallets, and swapped in fresh hardware devices. He added that Dominion now has full control over its systems again.
The breach caused SILV to trade well below the value of the physical silver supporting it. That gap opened the door for opportunistic buying during the compromised window.
An update on $SILV bought during the incident.
You deserve a clear answer, so here it is.
Any $SILV bought between 01:00 UTC and 14:00 UTC on Friday 11 September will be removed from wallets.
We know that's hard to read. Many of you bought in good faith, and this affects you… pic.twitter.com/iUFAW90U6p
— Dominion (@Dominion_Market) September 11, 2026
Dominion said tokens acquired between 01:00 UTC and 14:00 UTC on Friday would be removed from wallets. Balances held before the exploit began remain unaffected by the freeze.
The team is working with outside security groups to trace the incident. Dominion named the Solana Incident Response Network and SEAL 911 as partners in the review.
Both groups focus on tracking exploits across Solana-based protocols. Dominion said it would share updates on the investigation as new details emerge.
Dominion also warned its community about follow-up scams tied to the incident. The company said it will never contact holders directly about refunds through private messages.
Any account offering early refunds before Monday should be treated as fraudulent. Official updates, the team said, will only come through its verified account.
Refund Process and Path to Repegging Holders who bought SILV during the compromised window will be eligible for USDC refunds. Dominion set the claims window to open Monday, September 14, at 12:00 UTC. The team cited closed silver markets over the weekend as the reason for the delay.
Dominion said the refund process would rely on verifiable onchain data for every claim. Affected users do not need to submit anything until the claims form goes live. The company plans to publish full instructions alongside the refund link at the same time.
Beyond refunds, Dominion’s stated priority is restoring the SILV peg to physical silver. The team said it is working to add liquidity ahead of the repeg.
Trading remains paused for now while the platform confirms its systems are secure. Holders have been asked to avoid trading SILV until an official repeg announcement.
Reaction within the community has been mixed since the freeze was announced. Some holders welcomed the quick action to protect the token’s backing.
Others expressed frustration over having tokens removed from their wallets. Dominion said the freeze protects holders who bought SILV before the breach occurred.
PUMP, the native token of Pump.fun, one of the most notable memecoin platforms in the Solana ecosystem, has come back into the spotlight due to its revenue performance and low valuation multiple.
At this point, a comprehensive analysis prepared by Blockworks Research analyst Shaunda Devens evaluated PUMP based on three different market scenarios.
The analyst stated that PUMP is undervalued based on revenue, predicting that under three scenarios it could rise to between $0.0108 and $0.0205, or 2.3 to 4.4 times its current price.
Devens noted that Pump.fun’s annual revenue reached $677 million, while its price-to-sell ratio was only 2.8 times. The analyst also added that Pump.fun is evolving from a platform where new tokens are launched into a broader consumer ecosystem where users conduct transactions.
According to analyst data, the platform’s cumulative revenue since 2024 has reached $1.37 billion.
Three Different Scenarios for a Pump! Analyst Devens shared three different scenario predictions for PUMP: bearish, base, and bullish.
The analyst stated that the bearish scenario used a price/sales multiple of 1.5x–2.8x, the base scenario 3x–5x, and the bullish scenario 5x–10x.
The analyst stated that the main reason for this is that Pump.fun’s revenues are highly sensitive to market activity. According to the report, higher market activity both increases the platform’s revenue and creates a higher valuation multiple for PUMP.
When the three scenarios are combined with probability weights of 25% bearish, 50% base, and 25% bullish, Blockworks Research stated that a valuation range of $0.0108–$0.0205 is calculated for PUMP.
This figure represents a potential increase of 2.3 to 4.4 times compared to the current PUMP price of $0.0037.
In context, the analyst also assessed that if market conditions worsen and activity on Pump.fun declines, PUMP could fall to levels of $0.0011–$0.0019. This represents a 50% to 75% drop from the current level.
The analyst emphasizes that PUMP is highly sensitive to market activity and could experience significant value loss in a negative scenario.
*This is not investment advice.
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Solana (SOL) is gaining renewed attention from both technical analysts and institutional investors following a strong breakout and sustained inflows into related investment products. The coin’s price structure has improved, igniting speculation that a new bullish phase may be underway.
Bullish Technical Structure EmergesTechnical analyst Trader Tardigrade has drawn attention to a bull flag pattern developing on Solana’s daily chart. This pattern, considered a continuation signal, has formed after a decisive breakout from a symmetrical triangle that previously limited Solana’s upward movement.
Trader Tardigrade sees the bull flag as a precursor to further gains, placing a measured move target near $140 if the bullish scenario is confirmed. This optimistic setup comes after SOL recently surged to test resistance at $108.43 before retreating closer to key moving averages.
TradingView data shows SOL trading just above $99.25, hovering near the 20-day exponential moving average at $99.06. Technical indicators suggest that holding this zone would validate the current consolidation phase. Immediate resistance lies at the 20-day simple moving average of $101.97, with a successful break above this point potentially paving the way for a return to the $108.43 level.
Key support levels include the 50-period EMA at $91.09 and the lower Bollinger band at $95.50. Analysts view the $95.50 level as critical for maintaining the short-term bullish thesis. A loss of this support could accelerate downside momentum, while continued defense would preserve the prospect for a breakout.
If buyers reclaim resistance zones and the pattern holds, the bull flag formation would strengthen the case for a push toward the $140 mark—a level that has now become a focal point for traders watching Solana’s technical picture.
Institutional Demand Through Bitwise ETFInstitutional appetite is also playing an important role in the ongoing narrative. Blockchain intelligence firm Arkham reported that Bitwise added approximately $107 million in Solana over the past month, signaling robust demand from professional investors.
Bitwise’s BSOL ETF recorded $107.4 million in inflows during the last 20 trading days, with only two sessions seeing net outflows. This trend suggests that institutions may be capitalizing on consolidation phases in SOL’s price to increase their exposure, rather than reducing positions amid recent volatility.
Consistent ETF inflows provide a secondary source of demand, even when momentum in the spot market pauses. Coupled with this, data from Solana indicates that the value of tokenized stocks issued on its chain reached a new high at $684 million, an increase of 47% in just three weeks. This rapid growth in tokenized assets highlights Solana’s expanding presence in real-world asset markets.
Robust technical foundations, the entrance of institutional capital, and rising tokenized equity trading volumes combine to offer Solana several potential catalysts as market participants focus on price movements near $99 and above.
The importance of rapid, centralized information has become clear as traders must monitor shifting price trends and macroeconomic catalysts such as Federal Reserve decisions and sudden altcoin listings. In a market where volatility is relentless, many traders are adopting privacy-first solutions like CryptoAppsy to get real-time charts, smart price alerts, coin-specific news, and macroeconomic data on a single screen—eliminating the need to jump between different applications or create an account, and helping to avoid missed opportunities.
As the technical picture continues to evolve, defending support nearby $99 and surpassing resistance just above could set the stage for further upside. The $108 level stands out as a near-term target, while the $140 mark remains in focus should bullish momentum continue.
Solana’s cumulative decentralized exchange volume has officially crossed the $3 trillion mark. To put that number in perspective, $3 trillion is roughly the annual GDP of France.
A significant chunk of that volume materialized in 2025 alone, with approximately $1.95 trillion in spot trading activity plus additional contributions from perpetual contracts. That means more than half of Solana’s all-time DEX volume was generated in a single year.
Where the volume is coming from Stablecoin swaps, tokenized assets, and derivative trading have all contributed meaningful volume alongside speculative token trading.
Raydium has been the workhorse of Solana’s DEX landscape. The automated market maker processed over $530B in volume during 2024, then followed that up with roughly $642B in 2025.
The network’s share of global spot DEX volume has fluctuated between 30% and 50% at various points, a remarkable range considering Solana’s overall smart-contract market cap remains relatively modest compared to Ethereum.
The competitive landscape Solana’s combination of low transaction costs and high throughput created a natural environment for the kind of high-frequency, small-size trades that would be economically irrational on Ethereum’s mainnet.
By mid-2026, Solana captured approximately 36% of global spot DEX volume, ranking it first among all blockchain networks. Daily trading volumes reached roughly $2.9B in September 2026.
What this means for the broader market There’s a risk dimension worth acknowledging. Some portion of Solana’s DEX volume has historically been driven by wash trading, bot activity, and short-lived memecoin frenzies that burn bright and fade fast.
The diversification into stablecoins and tokenized assets suggests Solana is building a floor beneath the speculative peaks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
11 September 2026 | 19:21 Solana’s sharp recovery has compressed into a declining range, creating a bull-flag setup whose credibility now depends on $98 support and a clean move through $110.
SOL Has Formed a Flag, Not Confirmed One SOL climbed from the mid-$70s to an August high near $110, a move of roughly 45%. It has since held above the former breakout area while making lower highs beneath a descending trendline. That is the structure traders describe as a bull flag: a sharp advance followed by a contained pullback.
Solana daily price trend chart. For now, the chart shows compression after a rally, not a confirmed continuation move.
What confirmation looks like: A trendline break above $105 is the first signal. SOL must then close above $110 and hold that former high as support. Three levels define the setup
$98-$100: The base of the flag. A daily loss would weaken the continuation structure.
$103-$105: The falling trendline and first breakout area.
$110: August’s high and the level where buyers need to absorb renewed selling.
Why $110 Matters More Than the Trendline A break through $103-$105 would remove the immediate trendline. $110 is the harder test because it is where the August rally failed and where sellers are most likely to return.
A recent Solana analysis identified $105 as a weekly resistance cluster and $134 as the next larger barrier. A full measured move would point closer to $135-$140, depending on the breakout point. That is a chart projection rather than a forecast, and closer resistances would need to be cleared first.
A daily close below the $98-$100 base would invalidate the immediate bull-flag structure and return attention to the next retracement area near $91-$92, identified in SOL’s earlier August structure.
Futures Dominate Reported SOL Turnover According to data from CoinGlass, futures turnover reached $9.46 billion over 24 hours, compared with about $997 million in spot volume. That means SOL futures volume was roughly 9.49 times larger than spot volume.
That ratio is not a measure of new money entering SOL. Futures contracts also serve hedging and arbitrage, and the same contract can trade several times. It does, however, leave SOL more exposed to rapid moves caused by leveraged positioning when price reaches support or resistance.
Aggregate open interest has fallen from the $7.14 billion recorded on August 30, while SOL has declined from about $107 to $103. Because open interest fell much more than the token price, the data suggests a reduction in outstanding exposure beyond the effect of SOL’s price decline. It cannot show whether that reduction came mainly from longs or shorts.
The next breakout attempt should be read through that lens. A move above $105 and $110 that is supported by stronger spot turnover would carry more weight than one driven mainly by a fresh build-up in futures contracts. Our earlier analysis of SOL’s leverage near $110 explains exactly why that difference matters.
Stablecoin Supply Adds Capacity, Not a Buy Signal DefiLlama placed stablecoin supply on Solana at $16 billion, up nearly $490 million, or 3%, over seven days. USDC represented about 43% of the total.
The increase gives the network a larger pool of dollar-denominated assets that could be used for trading, collateral or liquidity provision. It does not show that the capital is being deployed into SOL. Stablecoins can remain in wallets, lending markets or liquidity pools without becoming direct buying pressure.
A sustained breakout needs stronger spot buying, not only futures activity. A rise in SOL trading alongside the stablecoin balance would provide more convincing evidence that onchain liquidity is participating in the move.
The Breakout Needs the Right Kind of Demand The chart now gives buyers a clear job: turn a move above $110 into accepted support rather than another brief test of August’s high.
The next move matters less than its composition. A breakout led by spot demand and accepted above $110 would support the continuation case; a leverage-heavy push that quickly loses $98-$100 would show that the consolidation was not a bull flag after all.
Disclaimer: This article is for informational purposes only and does not constitute investment, financial or trading advice. Cryptocurrency markets and leveraged derivatives involve substantial risk.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
A crypto trader known as Point Farm Capital has turned a bet on the Solana-based meme coin STONK into more than $10 million in profit by sticking to an aggressive hold strategy.
According to on-chain analytics from Lookonchain, the trader now holds 35.7 million STONK tokens, valued at roughly $10.55 million, making them the token’s largest single holder.
How the Position Reached $10 MillionThe unrealized profit stands near $9.81 million on an initial investment of about $542,000, a return exceeding 1,800%.
The average entry market cap was around $12 million, while STONK has since climbed to roughly $255 million, delivering outsized gains for early accumulators who refused to sell.
On-chain data shows a pattern of consistent buying during the token’s early stages, followed by disciplined holding as price action turned bullish.
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Trader @pointfarmcap has made over $10M in profit on solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx!
He now holds 35.7M solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx($10.55M), making him the largest solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx holder.… pic.twitter.com/pF1WNVDPqz
— Lookonchain (@lookonchain) September 11, 2026 That approach contrasts with the high-frequency flipping common in meme coin markets, where traders typically take quick profits rather than let positions compound.
Earlier data tracking the same account on the FOMO leaderboard showed that the position had swung sharply along the way.
As of September 8, the trader briefly lost $2.69 million within 24 hours before STONK’s rally reversed that loss into fresh profit, illustrating how volatile the underlying ride actually was.
STONK Price Performance. Source: BeInCryptoWhy This Outcome Remains the ExceptionThe trade highlights the high-reward potential of meme tokens on Solana when conviction lines up with timing. Such outcomes, however, remain rare, and most participants who enter later or lack the discipline to hold through sharp swings experience significant losses instead.
Survivorship bias plays a real role in how these stories spread: positions that collapse rarely generate the same viral attention as an eight-figure paper gain.
STONK’s entire market cap remains small and thinly traded relative to major cryptocurrencies, meaning prices can reverse just as sharply as they climbed.
The $10 million profit remains unrealized on paper, tied entirely to a token that could lose most of its value in a single session. Most traders who attempt the same strategy end up on the losing side of that volatility.
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Solana’s price is currently testing a key technical level near $100, with market analysts suggesting a potential continuation toward $140 if current bullish patterns hold. The cryptocurrency is trading at $99.91, accompanied by a 24-hour trading volume of approximately $5.06 billion and a market capitalization of $58.44 billion. Over the past day, SOL has dipped 1.27%, highlighting a lack of strong upward momentum despite technical signals.
Technical patterns and resistance levelsAnalyst Trader Tardigrade recently identified a series of bullish setups emerging for Solana, noting that the token completed a symmetrical triangle breakout and has now developed a bull flag. A symmetrical triangle generally reflects price consolidation with a sequence of lower highs and higher lows, and its breakout is often viewed as a sign that the prevailing trend will resume.
The key resistance target is $140, calculated based on the movement projected by the bull flag structure. Reaching this level requires SOL to decisively break above the upper trendline of the bull flag, indicating renewed buying interest. If this breakout fails, the token may face downward pressure, potentially revisiting lower support levels.
“Solana has formed a bull flag after breaking out from a symmetrical triangle, with $140 emerging as a technically significant target. However, price acceptance above the flag’s resistance is needed to confirm this scenario,” market analysts noted.
Moving averages and momentum analysisAt the current price of $99.27, Solana remains above its 20-day exponential moving average (EMA) at $99.13, the 50-day EMA at $91.12, the 100-day EMA at $86.58, and the 200-day EMA at $91.47. Sustaining above these key moving averages signals ongoing bullish sentiment in the short term. The proximity of the 20-day EMA to the $100 mark reinforces the importance of this price zone for near-term trend direction.
MetricCurrent ValuePrice$99.2720-day EMA$99.1350-day EMA$91.12100-day EMA$86.58200-day EMA$91.47Solana’s Relative Strength Index (RSI) stands at 55.30, above the neutral level of 50 but below overbought levels, suggesting that the asset has some room for further upside before facing extreme conditions. The average RSI value remains at 63.89, lower than previous highs and indicating less intense momentum than before. An increase in RSI above 60 would further support bullish scenarios, while a drop below 50 would weaken the reliability of the current bull flag pattern.
Mini dictionary: Relative Strength Index (RSI), a technical indicator that measures the speed and magnitude of an asset’s recent price changes to evaluate overbought or oversold conditions.
Short-term outlook and cautionary notesTo achieve the targeted $140 level, Solana must decisively break its current resistance and maintain strong buyer demand in the aftermath of a breakout. If the price falls below short-term moving averages and the RSI dips under 50, support between $91 and $92 may become the next focus for traders.
Solana remains among the largest cryptocurrencies by market capitalization, so significant price movements in SOL can influence sentiment in other top-ranked altcoins. Despite the positive technical bias, market participants are urged to recognize that chart patterns like bull flags and symmetrical triangles can fail, especially if key support levels are breached.
Traders continue to watch closely as SOL’s position relative to its moving averages and momentum signals remain pivotal for its next significant move. Confirmation from both price action and technical indicators is essential for the continuation of the current trend.
Solana [SOL] has been consolidating around the $100-$105 area over the past two weeks, but this consolidation could be headed for a bullish breakout. Ahead of the Consumer Price Index [CPI] report on Friday, the U.S. futures market saw a bullish reaction.
The S&P 500 is up 1.08% since Thursday’s close, going from 7,591.69 to 7,673 at the time of writing. This kind of price action has seen a favorable outcome for crypto markets, too.
At the time of writing, the past four hours saw $290.7 million in short positions liquidated. Ethereum [ETH] contributed to $155.15 million of these short liquidations after emphatically breaking out past the $2,530 local range high.
The Solana [SOL] price has also been bullish. The month of August saw a green close, after ten months of bearishness, reported AMBCrypto. The rent reduction was also likely to help SOL bulls due to reduced further issuance.
Key Solana price levels traders should watch next Source: SOL/USDT on TradingView On the daily chart, the swing structure of Solana has shifted bullishly after the $98.41 high was breached during the August rally. This level marked the latest lower high of the previous downtrend.
Its breach meant the Solana price trend was now bullish on the 1-day timeframe. The Fibonacci retracement levels [yellow] showed that a deep retracement to the $79.14-$85.87 golden pocket was possible.
However, so far, the bulls have resolutely defended the $100 psychological level as support.
The next Solana price target was $120. This level was a former support, now resistance, that Solana last traded at in January. It was also the 23.6% extension level.
Traders’ call to action- Buy Source: SOL/USDT on TradingView The 4-hour structure was bullish, in the same direction as the daily chart. Moreover, the H4 trend has seen a deep retracement to the 78.6% level at $98.3. The reaction from there needs to climb past the local resistance at $107 to keep the uptrend going.
In case of such a breakout, the next price targets would be $110.6, $114.29, and $120.
Meanwhile, a breakdown below $94.95 would shift the H4 Solana price structure bearishly and serve as the first warning of a retracement toward $79-$85.
Final Summary Solana has a bullish price structure across multiple timeframes. The resolute defense of the $100 support zone meant that a move toward $120 is possible, but the $107 local resistance must be beaten first.
Solana [SOL] breached the $100 support and fell to $98 before rebounding slightly. At reporting, SOL traded around $99.90, marking a 1.8% daily decline.
The drop pushed SOL below its 9-day and 21-day Moving Averages, reflecting growing short-term bearish pressure. It also liquidated traders who had bet on continued upside.
CoinGlass data showed over $10 million in Long Liquidations.
Why are Solana traders reducing exposure? As Solana [SOL] declined, investors seem to have panicked and increased selling significantly. As a result, the Derivatives market turned red.
Derivatives volume dropped 8% to $7.1 billion while the Open Interest rest fell 3%. Also, Options volume and Options OI both declined 5% and 10%, respectively.
Source: CoinGlass Together, these declines showed reduced participation across Solana’s Derivatives Market.
However, the figures did not prove that institutional investors specifically reduced exposure. At the same time, Futures Outflows reached $1.78 billion, exceeding $1.69 billion in Futures Inflows.
Declining Derivatives activity often signals uncertainty as traders reduce exposure or wait on the sidelines.
Lower speculative participation can weaken near-term demand, though it may reduce leverage-driven volatility. That caution appeared in the Spot Market too.
Spot Netflow turned positive after remaining negative for five consecutive days.
Source: CoinGlass Spot Netflow rose to $2.8 million at press time, also confirming selling pressure. With sellers active on both sides, they present another risk for a pullback.
What momentum indicators suggest On a short term basis, the trend is leaning bearish as evidenced by the 21 day and 9 day Moving averages. At the same time, the Bulls V Bears indicator has held negative for two consecutive days.
Source: TradingView A negative value here suggests that active traders are mostly sellers. Historically, such market set up has preceded short term price drops.
Thus, if pressure continues, we could see Solana drop towards $93, with a drop below $90 on the table. To invalidate the current bearish outlook, SOL needs a daily close above $102.
Final Summary Solana [SOL] breached the $100 support and fell to a low of $98, then slightly rebounded Solana bulls were forced out, with longs liquidations exceeding $10 million triggering a wave of panic exits.
A tokenized version of DraftKings stock racked up $39 million in trading volume within three hours of going live on Solana.
The DKNG token, issued through Backpack Securities, is fully backed 1:1 by actual DraftKings shares held in custody. Holders can redeem their tokens or transfer them into traditional brokerage accounts.
Solana’s unlikely transformation into a stock exchange Daily tokenized stock volumes on the network have exceeded $600 million at various points in 2026. By early September 2026, total tokenized equity supply on Solana reached approximately $684 million. The network has captured over 95% of global on-chain tokenized equity DEX volume through mid-2026.
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Backpack Securities launched its first tokenized equity with SpaceX shares back in June 2026, giving retail investors access to a company that doesn’t trade on public markets. Since then, it has expanded to companies including GoPro and Moderna, building a growing catalog of on-chain equities that trade across Solana DEXs like Raydium and Jupiter.
Traditional stock markets operate roughly six and a half hours per day, five days a week, closed on holidays, and gated behind brokerage accounts with varying fee structures. Tokenized equities on Solana trade 24/7, settle near-instantly, and benefit from the network’s low transaction costs.
Why tokenized stocks are eating memecoins’ lunch Tokenized equities have begun outperforming memecoins in trading volume on Solana.
The DKNG token attracted thousands of holders within its first days of trading. The combination of regulatory compliance, since tokens can be redeemed for actual shares, and the convenience of round-the-clock trading appears to be pulling in a broader investor base.
What this means for traditional finance The fact that DKNG tokens can be transferred to traditional brokerage accounts suggests Backpack has navigated the compliance landscape carefully.
Solana’s dominance in this category, controlling over 95% of on-chain tokenized equity volume, also raises competitive questions for other Layer 1 blockchains. Ethereum, which has positioned itself as the institutional chain of choice, has yet to capture meaningful tokenized equity activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In less than 24 hours after launch, tokenized Grindr stock recorded over $31 million in trading volume on Solana, nearly doubling Grindr’s approximately $16.6 million NYSE volume from the previous trading day and surpassing Grindr’s roughly $25 million average daily trading volume.
$GRND’s 24-hour volume currently stands below $8 million. The company operates what it describes as the world’s largest social networking platform for the LGBTQ community, with more than 14 million monthly users across more than 190 countries.
Grindr’s tokenized stock, $GRND, launched on Solana on September 10 through Sunrise and Backpack Securities.
Tokenized Stocks Challenge Traditional Markets The trading activity has already raised questions about whether onchain markets can generate meaningful liquidity for assets that traditionally trade on major exchanges.
Backpack founder and CEO Armani Ferrante highlighted the development, asking whether it represented the first time tokenized stock volume had overtaken activity in the corresponding traditional stock market.
Ferrante described the development as “the craziest thing happening in finance right now.”
The data extends beyond Grindr. Both $GRND and $VIDA have recorded more onchain trading volume than their traditional exchanges.
StonkFun Becomes Main Driver of Volume The launch also quickly found its way into Solana's growing ecosystem of trading experiments. StonkFun listed $GRND shortly after its launch, allowing users to create and trade coins paired with the tokenized Grindr stock.
These meme/stock pairings have become the primary driver of the newly listed stocks on Solana.
Rather than simply replicating traditional shares on a blockchain, these assets can become building blocks for other onchain markets and products.
Solana Pushes Deeper Into Tokenization The rise in tokenized equity activity comes as Solana expands its position in the real-world asset market. Solana currently ranks as the No. 1 blockchain for RWA net inflows over the past 30 days, recording approximately $348 million.
The growth coincides with a broader expansion in tokenized equities, whose total supply climbed from roughly $500 million at the start of August to an all-time high of almost $830 million on September 1.
Solana has also launched Stocklana, a 1-week hackathon focused on stock-related products. The program offers $100,000 in prizes to builders developing stock-focused applications on the network, with submissions closing September 19.
In a recent episode of The Pomp Podcast, George Arison, CEO of Grindr, said he believed his company’s stock traded at a discount because many portfolio managers wouldn’t invest in it because of the nature of the app.
Tokenizing $GRND broadens access to the stock by bringing it into Solana’s “internet capital market” vision, where anyone with an internet connection can access assets that interest them.
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altStonkFun is putting fresh pressure on Solana’s launchpad competition. Since its August 23 launch, the platform has burned more than $40 million worth of STONK at the current value, wiping out 14.4% of total supply forever.
The launchpad lets users create coins pairs with stocks, commodities, currencies, memes, leveraged assets and more. Powered by Raydium, StonkFun also lets users trade, create, reward holders, or earn within its ecosystem.
StonkFun Burns $40M While Rewards Top $30MThe supply reduction isn’t the only number getting attention. More than $30 million in rewards have now been distributed to StonkFun ecosystem holders, giving holders another direct incentive tied to platform activity.
That comes as StonkFun has emerged as a trending Solana-based token launchpad, supporting crypto assets paired against tokenized real-world equities such as S&P 500 ETFs alongside memes.
The combination of supply burns, rewards and ecosystem activity has helped STONK crypto gain attention, while its market capitalization has moved above $250 million.
STONK Revenue Surges Past PONS For Two DaysLiquidity and visibility also increased after STONK was officially listed on global crypto exchanges such as HTX.
More importantly, StonkFun has now slipped Robinhood Chain-based launchpad PONS in daily revenue for two consecutive days. StonkFun recorded $1.355 million in fees compared with $1.21 million for PONS.
The gap isn’t enormous, but the shift matters. It suggests Solana is regaining some ground on the memecoin launchpad race.
STONK Price Tests Channel Resistance Near $0.32The price chart adds another layer. On the four-hour timeframe, STONK remains in an ascending trend while testing the upper boundary of its channel
A clean flip above $0.32 could extend the rally and put further pressure on resistance. But if $0.32 holds, the setup changes quickly.
In that case, the STONK price could retreat toward $0.20 or potentially lower. For now, the $0.32 level is the key test, while the token burn, holder rewards and rising fees keep the StonkFun story firmly in focus.
Story Ends Here
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