Key Highlights Solana closed its first positive monthly candle in nearly a year following a rebound from the $60 level Technical indicators show monthly RSI breaking multi-year resistance while MACD nears bullish territory Large investor accumulated 285,503 SOL tokens valued at $28.82 million through Hyperliquid over recent weeks Daily chart golden cross formation suggests possible advance beyond $150 price level Network’s real-world asset ecosystem reached record $4.35 billion valuation with dominant memecoin trading share Solana (SOL) currently trades around $102, experiencing a 3% decline in the past day. However, the broader picture shows a strong 34.8% gain across the last month. Today’s trading activity has kept the token between $102.28 and $105.20.
Solana (SOL) Price Technical analysis reveals three significant developments on monthly timeframes. The second indicator to watch is the MACD, which appears ready for a bullish crossover pending confirmation. Additionally, the RSI indicator has successfully broken through a descending resistance line that had constrained price action for approximately 24 months.
Market analyst Ash Crypto shared observations on X: “$SOL is showing one of the most bullish setups in crypto right now. Closed its first green monthly candle in 10 months. Monthly MACD is about to cross bullish. Monthly RSI has broken a 2 year downtrend. Is SOL starting its major bullish reversal?” The commentary highlighted changing momentum without declaring a confirmed reversal.
$SOL is showing one of the most bullish setups in crypto right now.
– Closed its first green monthly candle in 10 months
– Monthly MACD is about to cross bullish
– Monthly RSI has broken a 2 year downtrend
Is SOL starting its major bullish reversal? pic.twitter.com/HREhkUYrlh
— Ash Crypto (@AshCrypto) September 8, 2026
The token previously reached levels above $200 before declining toward $60. Maintaining support between $60 and $80 remains crucial for sustaining the current recovery pattern. Breaking through and consolidating above $100 to $120 would add credibility to the bullish thesis.
Large-Scale Token Acquisition Blockchain tracking data reveals that whale wallet HURDw executed a series of SOL purchases via Hyperunit’s hot wallet spanning three weeks. The accumulated position totaled 285,503 SOL with an approximate value of $28.82 million. The most substantial individual transaction involved 49,732 SOL, representing roughly $5.07 million.
These acquisitions were spread across numerous transactions instead of a single bulk order, taking place during SOL’s recovery phase from its bottom near $60.
Golden Cross Formation Suggests $150 Possibility Technical analyst 0xSweep highlighted the emergence of a golden cross pattern on Solana’s daily timeframe. This technical signal appears when a short-period moving average rises above a longer-period counterpart.
0xSweep drew parallels to an earlier golden cross instance on the same chart, which preceded a 56.22% price surge that pushed SOL into the $250 territory. Extrapolating similar percentage gains from present price levels suggests a theoretical target exceeding $150 by October’s conclusion. This projection relies on historical pattern comparison rather than guaranteed forecasting.
The Solana network’s real-world asset sector achieved an unprecedented valuation of $4.35 billion, supported by more than 420,000 RWA token holders. Data from September 7 showed Solana commanding 67% of spot decentralized exchange memecoin trading volume among monitored blockchains, representing nearly triple Robinhood’s 23% market share.
In the cryptocurrency market, the actions of major players have been making headlines lately, as much as price movements.
Bitcoin climbed back above $82,000 last week, but Friday’s US employment data created significant selling pressure on the market. The data, which came in much higher than expected and showed the unemployment rate remaining stable, strengthened expectations that the Fed might raise interest rates at its September meeting. As a result, US bond yields rose while Bitcoin fell below $80,000.
This situation was also reflected in altcoins, and the resulting volatility reshaped investors’ risk appetite. In this context, transfers made by whale wallets also attracted attention.
According to Lookonchain, a cryptocurrency analysis platform, Chinese crypto whale Garrett Jin holds the largest ZEC short position on the chain. However, he appears to be giving up.
Jin recently closed a short position of 7,000 ZEC ($8.16 million), incurring a loss of $4.12 million. Despite this, he still holds a short position of 32,760 ZEC ($37.83 million), with an outstanding loss of $18.95 million. The liquidation price is stated as $2,857.
Lookonchain also reports that whales are buying Solana. According to them, a whale named “HURDw” purchased a total of 285,503 SOL (worth $28.82 million) on Hyperliquid in the last 3 weeks.
Another whale, who previously spent $4.73 million on PONS, UNI, AAVE, and CASHCAT, purchased 3.48 million of the altcoin “4Stock” today by spending 163,256 USDT.
In addition, a wallet affiliated with the cryptocurrency trading company Cumberland is accumulating PONS. According to the data, in the last 4 days, it withdrew 3.5M PONS ($2.78 million) from Gate at an average price of $0.8.
The trader with the address “0xbebb” turned 4.4K into 780K in just 2 hours. This represents a 177x return.
According to the data, a trader who spent 4.4K USDC to buy 18.6M of the altcoin “4Stock” is now the largest investor in “4Stock,” with a value of 780K.
Lastly, Abraxas Capital bought 13,000 spot ETH ($32.39 million) to hedge its short position in Hyperliquid worth 141,180 Ethereum ($353.27 million).
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
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.
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.
Key Highlights Solana’s Transaction v1 upgrade is scheduled for September 9, expanding maximum transaction size from 1,232 bytes to 4,096 bytes. Adoption of the new format is voluntary — existing legacy and v0 transaction formats remain functional with current limitations. RPC nodes, block explorers, indexers, and other infrastructure services require software updates to prevent data display errors. SOL currently trades near $105, while liquidation data reveals concentrated liquidity zones between $145 and $150. Derivative open interest for Solana has recovered to approximately $6–7 billion, rising from the $4–5 billion levels observed previously. Solana is gearing up to deploy Transaction v1 on September 9, representing a significant format enhancement that expands the maximum transaction size from 1,232 bytes to 4,096 bytes — delivering approximately 3.3 times greater capacity per transaction.
JUST IN: Solana triples its transaction size limit on Monday, Sept 9, giving apps room for complex proofs and large multisig operations.
Transaction v1 lets these larger operations fit into a single transaction instead of being split.@solana pic.twitter.com/pGzbBEHqqC
— MSB Intel (@MSBIntel) September 7, 2026
This enhancement stems from two separate proposals: SIMD-0296, which establishes the expanded size parameters, and SIMD-0385, which outlines the v1 format specifications. Both documents were jointly authored by Jacob Creech and Andrew Fitzgerald.
The expanded transaction capacity enables developers to bundle additional instructions, signatures, and account information within a single transaction. Practical applications include zero-knowledge proof verification, complex multisignature configurations, and cross-chain bridge operations.
Under the previous system, sophisticated operations required segmentation across multiple transactions, introducing execution risk. Individual transaction components could complete successfully while others encountered failures. Transaction v1 ensures all instructions execute or fail as a unified atomic operation.
Developer and Infrastructure Implications Transaction v1 eliminates Address Lookup Tables, a compression mechanism used in v0 to condense account addresses into single-byte indexes. The new version stores complete 32-byte addresses directly within transactions, consuming more space per account while remaining within the expanded capacity limits.
The existing 64-account-per-transaction ceiling remains in effect. Developers must now explicitly configure compute-unit allocations and loaded-data thresholds in v1 transactions, as both parameters default to zero values.
Infrastructure operators face the most significant compatibility challenges. RPC service providers, blockchain indexers, explorers, and analytics platforms must implement software updates to accommodate version one transactions. Failure to update could result in transaction processing errors or incorrect data presentation — such as displaying zero priority fees when fees were actually included.
Jacob Creech, Solana Foundation’s VP of Technology, verified September 9 as the implementation target. However, the official development roadmap continues to list mainnet activation as pending confirmation, and Anza’s deployment timeline carries a tentative designation.
SOL Market Analysis and Price Action SOL was changing hands at approximately $105.56 at press time, reflecting a modest 0.8% increase over the previous 24-hour period. The weekly Relative Strength Index has advanced to roughly 60, positioned above the neutral 50 threshold while remaining below the overbought zone above 70.
Solana (SOL) Price Market analyst SatoshiOwl shared on X that SOL appears positioned for a potential breakout, with near-term price targets in the $115–$116 range. The analyst cautioned that if SOL reaches $116 amid extremely bullish market sentiment, traders should monitor for a potential sharp correction rather than expecting continued upward momentum.
My $SOL game plan from here. 👀
I think we’re getting very close to a breakout.
Wouldn’t surprise me to see SOL break this structure and push towards $115–$116 next. 📈
And that’s where things could get interesting…
If we reach $116 and CT suddenly turns MAX bullish, I’ll… pic.twitter.com/5BG0TfApxJ
— SatoshiOwl (@SatoshiOwl) September 7, 2026
CoinGlass liquidation heat mapping reveals substantial leveraged position concentrations between $145 and $150, with additional clusters identified near $180–$200 and $240–$250. Downside liquidity zones are positioned around the $60–$70 price levels.
Open interest in Solana derivatives markets has climbed back to approximately $6–7 billion, recovering from the $4–5 billion range observed during earlier phases of the market cycle, though remaining significantly below the previous all-time high near $17 billion.
According to the latest Solana Foundation status updates, both testnet and devnet environments have already enabled the Transaction v1 feature for developer testing and validation.
On September 6, the open interest of altcoins surpassed that of bitcoin. This is a first since December 2024. Such a shift confirms the rise of leverage on Zcash, XRP, and Solana. However, this is not enough to announce an altseason.
In brief The open interest of altcoins surpasses that of bitcoin for the first time since December 2024. Bitcoin still represents nearly 37% of the open interest of perpetual contracts. Zcash, XRP, and Solana concentrate a notable share of the leverage increase. ZEC reaches nearly 2.4 billion dollars in open interest after a strong price surge. The rise in leverage increases the risk of chain liquidations on altcoins. Leverage shifts towards altcoins Now, perpetual contracts on altcoins represented a higher value than contracts on bitcoin. The open interest of BTC was close to 23.9 billion dollars, or 37% of the total observed.
Indeed, open interest determines the value of derivative contracts that remain open. It increases when new positions emerge and decreases if traders close their contracts and face liquidations. Unlike volume, it does not count exclusively the transactions executed during a period.
Four elements are necessary for interpreting this shift :
Altcoins surpass bitcoin for the first time since December 2024 ; Bitcoin retains about 37% of the open interest of perpetual contracts ; Ethereum, Solana, XRP, and Zcash concentrate a significant part of the rest ; An increase in the indicator counts both long and short positions. The bullish scope of the signal is limited by this last point. Thus, altcoins’ open interest reveals that traders are taking more risks on these cryptos. It does not allow to know whether the majority anticipates a rebound or a drop.
Its value expressed in dollars can also evolve mechanically when asset prices increase. It is therefore necessary to compare its progression with prices, funding rates, and spot market volume.
Zcash concentrates part of the speculation The most spectacular case is represented by Zcash. At the beginning of this September, ZEC’s open interest approached a record close to 2.4 billion dollars, according to reported data. Meanwhile, the crypto rose 134% in one month to temporarily exceed 1000 dollars.
Such progression caught many short sellers off guard. Nearly 34 million dollars of short positions were liquidated during the crossing of the 1000 dollar level on September 4.
Many positions remain heavily exposed. On Hyperliquid, a short position opened by trader Garrett Jin around 444 dollars revealed an unrealized loss of 25.7 million dollars. Another seller risked liquidation when ZEC approached 1317 dollars.
XRP and Solana also contribute to the increase in altcoins’ open interest. However, available statistics do not allow to truly attribute each asset’s contribution to the general surpassing of bitcoin.
The movements can be amplified by such concentration. A quick rebound forces sellers to repurchase their positions, supporting prices. Conversely, a drop can cause chain liquidations among buyers.
The market has not yet entered altseason However, it should be noted that the 2024 precedent invites caution. At the conclusion of the last surpassing of bitcoin by altcoins, many mid-cap cryptos suffered major corrections. This succession does not prove that the open interest shift systematically triggers a drop.
The altcoin market, however, holds lower liquidity. A significant liquidation can therefore weigh more on their price than on bitcoin’s, especially if order books cannot absorb forced sales.
Other indicators do not yet attest to a global altseason. The Altcoin Season Index was at 43 at the end of August, while Blockchain Center sets the confirmation threshold at 75. Moreover, global interest in the term “altcoin” was only around 26 out of 100 on Google Trends.
Bitcoin also maintained a dominance close to 59.2% of the crypto market. Also, altcoins outside the top 10 had admittedly gained more than 10% since the beginning of September, with a valuation above 200 billion dollars. However, this growth remained concentrated on a limited number of cryptos.
Liquidations, funding rates, and spot volumes will now determine the movement’s solidity. A rise supported exclusively by leverage would remain vulnerable to a brutal correction.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Solana strengthens its ceiling as Ethereum simplifies its entry point. Two updates published almost simultaneously, yet addressing different issues. The Solana blockchain targets Wednesday to triple the maximum transaction size, from 1,232 to 4,096 bytes, a technical evolution called Transaction v1. At the same time, a tweet confirms that Ethereum approved EIP-8141 for its upcoming major upgrade, Hegotá, planned for 2027 where crypto users will be able to pay their transaction fees directly in stablecoin. This, without holding any ETH. Two competing networks, two strategic projects, and a shifting balance of power on two distinct fronts.
In Brief Solana strengthens its technical ceiling to catch up with one of Ethereum’s historical strong points. Ethereum, on its side, prepares a radical simplification of the user experience on gas payment. The two networks are not catching up on the same delay: each fixes its own historical weakness, on a different timeline. Solana Strengthens its Transaction Ceiling from 1,232 to 4,096 Bytes The transaction ceiling change on Solana is defined by two proposals, SIMD-0296 and SIMD-0385, co-written by Jacob Creech and Andrew Fitzgerald. The new format is already running on Solana’s test and development networks, and existing formats will continue to work. Wallets and crypto applications therefore will not need to migrate to v1 unless they require this additional space.
The old limit of 1,232 bytes dated back to Solana’s original network design, where each crypto transaction had to fit in an internet data packet of about 1,280 bytes. A constraint the blockchain made largely obsolete by modifying its traffic transmission in 2022. The new limit stops at 4,096 bytes because four kilobytes correspond to the standard memory page size used by validators’ hardware. Going further would force a transaction to spread across multiple pages, increasing its processing cost.
The change of the crypto transaction ceiling on Solana. The current challenge goes beyond a simple technical feat because Solana has always been faster and cheaper than Ethereum. But the blockchain lagged behind on one specific point which was its rigidly capped transactions, whereas Ethereum imposes no protocol size limit and allows developers to execute massive operations for higher fees. By tripling its ceiling, Solana thus closes a good part of that historical gap.
What the New Transaction Limit on Solana Unlocks Here is what could now fit in a single transaction and with a single fee instead of several.
Operations that had to be split into several transactions until now; Large crypto proofs; Payments requiring numerous approvals; Certain confidential transfers. However, the change has a downside because all software that reads the blockchain (wallets, explorers, trading applications) must be updated to recognize the new v1 format. A non-updated service might see its requests fail against a transaction in the new format. Or worse, display a zero priority fee when a user has actually paid one, as this data is now stored elsewhere. Heavier crypto transactions also consume more network bandwidth, which could push users to offer higher priority fees during congestion.
SOL VS Ethereum: Two Delays Caught up, Two Opposite Schedules Where Solana catches up on a raw technical handicap, Ethereum tackles a handicap of a completely different nature which is the obligation to hold ETH just to interact with its own network. An adoption barrier identified for years, but whose fix will only arrive with the Hegotá upgrade in 2027. Vitalik Buterin himself framed EIP-8141 as the culmination of ten years of work on account abstraction. A way of saying it is not a one-off fix but the continuation of a project underway since the crypto network’s inception.
The balance of power thus plays out on two different planes and not on the same tempo because Solana fixes a technical weakness immediately, which mechanically brings it closer to Ethereum in terms of complexity it can absorb. Ethereum, on its side, does not seek to compete on raw capacity. No, it aims to make its network more accessible to crypto users who never had to understand ETH, but it does so on a one-and-a-half-year horizon. Solana closes its gap and Ethereum creates a new simplicity aspect. Provided, of course, it meets its schedule.
Key Takeaways on Solana Tripling its Transaction Size Solana targets Wednesday to triple its transaction ceiling, from 1,232 to 4,096 bytes, via Transaction v1 (SIMD-0296 and SIMD-0385) Crypto wallets, explorers, and services reading Solana must update to avoid errors or incorrect fee data Ethereum confirmed EIP-8141 for its Hegotá upgrade (2027), allowing gas to be paid in stablecoin without holding ETH Two networks, two projects, two schedules. Solana fixes its raw capacity starting this week, whereas Ethereum (ETH) targets accessibility, but not before 2027. On the balance of power between the two chains, tempo will make as much difference as the technical aspect itself.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Solana (SOL) price is down by 2.37% today, September 8, to trade at $102 at the time of writing. Despite this drop, whale addresses have opened $9 million in long positions on Solana, suggesting that they anticipate an uptrend ahead of a network upgrade that will take place on September 9.
Whales Open $9M Worth of Long Positions on Solana Data from CoinGlass shows that five whale addresses on Hyperliquid are betting that the price of Solana will continue with the uptrend that commenced on August 17. These five whales have opened $9.11 million long positions on SOL between September 7 and September 8.
Solana Long Positions (Source: CoinGlass) These long positions are opening ahead of an upgrade on Solana that will triple the transaction size from 1,232 bytes to 4,096 bytes.
Analyst Crypto Tony says that the upgrade will ensure that multiple transactions can be bundled into one transaction. He adds that this change will give Solana a competitive edge over Ethereum because unlike SOL that is limited to 1,232 byte transactions, Ethereum does not have a set protocol size limit.
“By more than tripling this ceiling to 4,096 bytes, Solana is looking to eliminate this structural bottleneck,” the analyst said.
Still, Ethereum is also working to improve its network, with an earlier report by CoinGape noting that Vitalik Buterin teased the biggest upgrade on ETH since the merge, focused on making the network resistant to the threats of quantum computing.
Futures Market Remains Broadly Bearish Despite Whale Longs Data from CoinGlass shows that Solana’s funding rate has turned negative. This change suggests that there are more short traders than long traders. It also suggests that the five long whale positions on Hyperliquid are taking a contrarian position to most futures traders.
Solana Funding Rate (Source: CoinGlass) The long/short reading of 0.92 also suggests that there are more short accounts than long accounts, as traders also bet that the Solana price will drop.
The demand for futures positions on Solana has also dropped, with the derivative volume numbers dropping by 16% to $6.53 billion at the time of writing. The open interest is also down by 1.21% to $6.47 billion.
Still, inflows to Solana ETFs have persisted, with the products recording ten straight weeks of inflows, suggesting that demand from institutions remains high despite weakened demand from futures traders.
Solana Price Tests Symmetrical Triangle Support as Momentum Weakens The price of Solana is trading within a symmetrical triangle pattern on the four-hour chart. This pattern usually precedes a breakout on either side depending on whether the buying or the selling pressure is high.
The triangle pattern has a height of 16%. If the price of Solana moves below the lower trendline of this triangle, it could drop by 16% and reach $84. However, if Solana moves above the resistance at $107, the price could gain by 16% and reach $124.
The RSI reading of 45 supports a bearish long-term Solana price outlook. The RSI line that is making a lower low also suggests that the selling pressure is increasing despite the upcoming upgrade on September 9.
SOL/USDT: 4H Chart (Source: TradingView) The AO bars that are red and shrinking in length also suggest that the bullish momentum is becoming weak, suggesting that the price of SOL might move to test the psychological support at $100.
Useless Coin (USELESS), a Solana-based memecoin that openly markets itself as having no practical utility, surged 22% in the 24 hours leading up to its listing on South Korean exchange Bithumb. The token had already climbed 160% over the prior week and 500% over the past month, underscoring the appetite for speculative assets in the current market cycle.
Bithumb confirmed it would open USELESS trading against the Korean won starting at 14:00 local time, giving the token its first direct fiat on-ramp in one of Asia's largest crypto markets. The announcement was enough to send the token sharply higher before trading even began.
From BONKfun Launch to Major Exchange Listings Useless Coin is a community-driven memecoin launched on the Solana blockchain through the BONKfun platform. Launched in May 2025, its entire premise is to mock the industry's relentless focus on "utility" and complex roadmaps, with a whitepaper that is a 47-page parody document concluding the token is, indeed, useless. The entire supply of 1 billion tokens was launched at once via a launchpad with no team allocation, making all tokens immediately liquid.
The token first entered the broader spotlight through its involvement with the Kraken exchange. The token achieved widespread attention in early 2026 after winning a trading competition hosted by Kraken, with the victory resulting in the Useless Coin logo being featured on the limited-edition jerseys of Atlético de Madrid for a match against FC Barcelona.
A Growing Exchange FootprintThe Bithumb listing adds to an already expanding presence on centralised exchanges. The recent rally for USELESS has followed a series of major exchange listings, with Coinbase, Binance US, and Kraken all listing the token and giving it the kind of exposure most memecoins can only dream of. Its first parabolic rally saw a market cap jump from $4.2 million to $420 million, an impressive feat for a coin that openly brags about doing nothing.
Useless Coin was designed as a satirical critique of utility-driven cryptocurrencies, explicitly embracing its lack of utility and positioning itself as a parody of the crypto industry's focus on complex tokenomics and functional use cases. Whether the Bithumb listing sustains the rally or marks a near-term peak remains to be seen, but the token's trajectory so far has confounded sceptics at every turn.
Sources:
CoinGecko: Useless Coin (USELESS) price, market cap and project overview
Kraken Blog: USELESS is available for trading
CoinMarketCap: What Is Useless Coin (USELESS) and How Does It Work?
TLDR Solana recorded $348 million in net RWA inflows over the past 30 days. Solana’s total tokenized RWA value reached $720 million. The data comes from RWA.xyz, tracking tokenized Treasuries, credit, and other real-world assets. RWA inflows are separate from memecoin trading and speculative volume. The growth suggests Solana’s low fees and speed may be drawing more than retail traders. Solana has recorded $348 million in net real-world asset inflows over the past 30 days. The data comes from RWA.xyz, a platform that tracks tokenized asset activity across blockchains.
The inflows pushed Solana’s total tokenized RWA value to $720 million. This includes products like tokenized Treasuries and credit pools.
Solana is usually known for memecoins, fast trading, and consumer apps. This new data shows a different side of the network’s activity.
What The RWA Inflows Show RWA inflows are not the same as memecoin trading volume. They reflect capital moving into tokenized products tied to real-world assets, not short-term speculation.
These products can include U.S. Treasury instruments, private credit, tokenized funds, and other assets linked to traditional finance. The activity connects blockchain settlement with existing financial markets.
A $720 million RWA total gives Solana a real presence in the tokenization space. It does not place the network at the top of every list, but the pace of recent inflows stands out on its own.
Momentum matters here because institutional-style capital tends to move with more caution than retail trading. Growth in this area can signal rising confidence from issuers and allocators.
Why Speed And Cost Matter Lower transaction fees can make it easier to move tokens, transfer collateral, and settle trades. Fast confirmation times also help when tokenized assets are used inside DeFi platforms.
This gives Solana a practical pitch to RWA issuers. The network can offer liquidity, an active user base, and lower costs than some alternatives.
These features do not guarantee adoption, but they lower the barrier for teams building tokenized products. Issuers weighing where to launch often look at cost and speed as starting points.
The current inflow data does not confirm widespread institutional adoption of Solana. It shows capital movement and rising totals, not confirmation that major institutions have shifted operations to the network.
Solana Price on CoinGecko It also does not guarantee this capital stays in place. If yields, incentives, or market conditions change, some of these inflows could reverse.
The numbers reflect inflows and total value locked at this point in time. They are a snapshot, not a long-term commitment from any single institution or issuer.
Solana’s RWA growth adds a second track to its ecosystem. Retail trading and memecoin activity remain part of the network, alongside this newer tokenized asset activity.
This article draws on RWA.xyz Solana network data and public DeFiLlama Solana metrics.
Solana has attracted $348 million in net real-world asset (RWA) inflows over the past 30 days, lifting its total value of tokenized RWAs to $720 million. The figures come from RWA.xyz, a platform tracking the movement and size of tokenized treasuries, credit products, and other real-world assets across blockchain networks.
Rising real-world asset adoptionTraditionally known for its memecoin activity and high-speed trading, Solana is now seeing significant capital move into products linked to traditional finance. These inflows mark a departure from purely speculative markets, instead reflecting interest in tokenized instruments like US Treasuries, private credit, and funds that bridge conventional and blockchain-based finance.
According to RWA.xyz, the $720 million total positions Solana as an active player in the growing RWA tokenization space, even if it does not top every sector leaderboard. The rapid pace of recent inflows stands out and suggests broader interest in Solana’s capabilities for handling institutional-style capital.
This growth in tokenized RWAs highlights the network’s effort to diversify its ecosystem. Retail traders remain active on the network, but fresh capital from more risk-averse allocators is expanding the range of participants.
Recent data indicates that Solana now supports $720 million worth of tokenized real-world assets, driven by $348 million in net inflows over the past month. These inflows primarily involve capital moving into tokenized Treasuries and credit products, signaling new demand beyond the network’s established trading communities.
Network features support inflow momentumSolana’s relatively low transaction costs and fast confirmation times stand out as key advantages for RWA issuers. Cost reductions benefit not only retail users but also institutions that need to move assets, post collateral, and settle trades quickly and efficiently.
These features are central to the network’s appeal as a launchpad for tokenized RWA products. Teams considering where to issue assets often prioritize efficiency and scalability, which Solana aims to address.
In a landscape where minor events, such as Federal Reserve decisions or sudden altcoin listings, can instantly shift market sentiment, crypto users face rapid changes in price and market depth. In this environment, switching among different apps for analytics, portfolio reporting, and news can result in lost opportunities. Many traders are consolidating their tools with platforms like CryptoAppsy, which provide real-time charts, smart price alerts, coin-focused news, and major macro data without account registration, giving investors everything they need to respond swiftly on a single screen.
Market observers note that these advances encourage the participation of professional allocators, who are typically more cautious than retail traders and may be drawn by the efficiency advantages Solana offers.
Institutional adoption and outlookThe latest RWA inflows do not by themselves confirm comprehensive institutional adoption of Solana, but they do highlight rising totals and a broadened user base. The inflow figures provide a snapshot that may change with evolving yields, incentives, or broader market fluctuations.
There is no guarantee that all this capital will remain on the Solana network. Shifting market conditions or incentive programs could trigger outflows in the future, as is common with tokenized asset platforms.
Nonetheless, the network’s increasing RWA footprint signals that issuers and larger investors are recognizing its potential for tokenized financial products. Retail-driven memecoin and fast trading activity remain, but the platform now features a growing segment focused on real-world assets.
Figures are drawn from RWA.xyz and DeFiLlama Solana network statistics.
Solana’s recent RWA inflows reflect broader diversification within the network, as capital from outside the standard speculative ecosystem drives its tokenized asset market to new heights.
On September 9, Solana will undergo a major network upgrade, with a new maximum transaction size of 4,096 bytes instead of 1,232 bytes on the blockchain. The modification could enable significantly more complicated operations within a single atomic transaction and represents a roughly 3.3x expansion.
Update is much closer nowAnatoly Yakovenko, a co-founder of Solana, outlined one possible use for the update. Solana requires "1 tx moving data atomically through two zk roots," according to Yakovenko's commentary on the impending change. He also mentioned that based rollups could exist on Solana.
SOL/USDT Chart by TradingViewDeeper usecaseHis remark suggests a more comprehensive use case than just adding more data to every transaction. Incorporating zero-knowledge proofs and rollup-related operations while maintaining atomic execution either the entire transaction succeeds or none of it does — might be simpler for larger transactions.
HOT Stories
The 1,232-byte limit that is currently in place comes from Solana's initial networking architecture. After taking networking overhead into consideration, transactions were restricted to fit within the IPv6 minimum MTU. SIMD-0296 was able to propose the new 4,096-byte ceiling, since the adoption of QUIC eliminated the need to maintain that same restriction.
Solana's new v1 transaction format provides the higher limit. The change does not just increase every transaction on the network; legacy and v0 transactions will continue to operate according to their current rules. To access the extra capacity, developers must use v1.
You Might Also Like
The Solana testnet has already received the upgrade, where Transaction V1 went live in September, one month before the scheduled mainnet deployment.
The Solana Foundation identifies a number of workloads, including large multisigs, BLS signatures, Winternitz one-time signatures, and Confidential Transfers, that might benefit from the extra space in addition to ZK systems. As a result, some operations that previously required several transactions can now fit into a single atomic operation, possibly lowering fees, coordination overhead, and confirmation complexity.
Yakovenko's emphasis on ZK roots and based rollups implies that the upgrade may ultimately have a greater impact on Solana's application architecture than the 3.3x figure alone suggests. The September 9 activation provides the underlying transaction capacity; developers will decide how actively that additional capacity is utilized.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
US stocks opened, with the three major indices showing mixed performance.
According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.7%, the S&P 500 index slipping 0.1%, and the Nasdaq rising 0.08%. Qualcomm (QCOM.O) gained 5% after it struck a multi-generational product cooperation deal with Amazon (AMZN.O). Intel (INTC.O) climbed 6% amid reports that its CPUs will see another 10% price hike. ASML (ASML.O) added 3.8%, while TSMC (TSM.N) rose 2.4% as the two companies launched a high-numerical-aperture EUV photomask partnership.
8 minutes ago
Robinhood Chain’s mainnet has been live for 70 days, with total on-chain revenue reaching $42.58 million.
According to Yuqing Monitoring, Robinhood Chain has been live on its mainnet for 70 days, with total chain revenue reaching $42.58 million (17,171 ETH), averaging $608,000 per day. Robinhood takes 90% of the revenue, equivalent to 15,454 ETH (approximately $38.32 million). As the technical provider, Arbitrum collects a 10% cut, amounting to 1,716 ETH (roughly $4.26 million).
8 minutes ago
It is reported that DeepSeek will expand its team to 1,000 people this year, after announcing a full doubling of its entire workforce just two months ago.
Dongcha Beating AI Express: A frontline institutional investor revealed that AI firm DeepSeek targets expanding its team to around 1,000 people this year. DeepSeek has not publicly confirmed the figure, but the expansion has already begun. In June, the company announced all departments would at least double in size, and this week, it opened roughly 150 backend and Agent infrastructure job positions at once. This round of expansion is no longer focused solely on model research; the latest recruitment covers large model research platforms, Agent frameworks, APIs, online services, data engineering, and elastic computing. Cui Tianyi, head of the Harness team, noted that data, computing resources, training and evaluation tasks, Agent environments, and user requests are growing rapidly, requiring continuous upgrades or even full rewrites of the original backend systems.
8 minutes ago
Qualcomm up nearly 10% in pre-market trading, reaches multi-generation product cooperation deal with Amazon.
According to market data from BIT (bit.com), Qualcomm (QCOM.O) saw its pre-market shares jump nearly 10% after the chipmaker today announced a multi-generational collaboration agreement with Amazon, aimed at mass-producing customized chips for large-scale AI data centers. The two parties will jointly advance AI inference technology. Qualcomm is offering Amazon warrants for up to 25 million shares. Additionally, Qualcomm and Amazon are developing optical interconnect solutions with a transmission rate of up to 1.6T.
8 minutes ago
Qualcomm and Amazon strike a multi-generational partnership to jointly develop custom chips for AI data centers.
Qualcomm (QCOM.O) announced today a multi-generational partnership with Amazon (AMZN.O) to provide customized chips for large-scale AI data centers and jointly advance AI inference. The two sides are also collaborating on developing optical interconnect solutions with speeds up to 1.6T and for future generations. Qualcomm plans to deepen its use of AWS AI infrastructure (including Amazon Bedrock) for electronic design automation (EDA) workloads, with the goal of shortening chip design cycles. Cristiano Amon, president and CEO of Qualcomm, stated that amid accelerating AI demand, data center infrastructure needs breakthroughs in both computing and connectivity, adding that Qualcomm is pleased to partner with AWS on customized chips and connectivity solutions. Prasad Kalyanaraman, vice president of AWS, said the collaboration builds on a strong partnership, with both sides working together to deliver more efficient and cost-effective infrastructure for customers.
8 minutes ago
Whale closes BTC short positions again, loses $114,000 after going long on 20,000 ETH ahead of sharp price surge.
According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), a whale that went long 20,000 ETH with 4x leverage ahead of a sharp price rally has closed out its BTC short position, cutting losses at just under $114,000 after holding the position for less than seven hours. The address has previously closed two prior BTC short positions at a loss, bringing total losses across three BTC shorts to $547,000. Its ETH long position currently holds an unrealized profit of $10.71 million.
Ripple (XRP), Cardano (ADA), and Solana (SOL) maintain a consolidative tone, struggling to sustain their upside momentum. The technical outlook for XRP, ADA, and SOL suggests downside risk as altcoins struggle to advance their August gains.
Ripple holds above its 200-day EMARipple trades around $1.40 at press time on Tuesday, holding a constructive bias above its 200-day Exponential Moving Average (EMA) at $1.3550. The altcoin also hovers above the 50% Fibonacci retracement of the $0.9862 to $1.6999 upswing at $1.3430, underpinning the broader uptrend.
Momentum shows early signs of easing on the daily chart with the Moving Average Convergence Divergence (MACD) slipping below its signal line, while the Relative Strength Index (RSI) is around 59, reaffirming that momentum is moderating.
On the topside, resistance aligns first at the 78.6% Fibonacci retracement at $1.5129, with further hurdles at the recent swing high around $1.6999, levels that bulls would need to reclaim to reassert a stronger upward extension.
XRP/USDT daily price chart.On the downside, immediate support is seen at the 200-day EMA near $1.3550, followed by the 50% retracement at 1.3430, with deeper cushions at the 61.8% level at 1.2588 and the 78.6% retracement around 1.1389 if sellers extend a correction.
Cardano capped below long-term resistanceCardano holds a constructive near-term tone above the 50-day and 100-day EMAs at roughly $0.1978 and $0.2000, respectively. Still, ADA remains below the resistance cluster formed by the 200-day EMA at $0.2449 and the 78.6% Fibonacci retracement at $0.2465, measured from $0.2887 to $0.1382.
A confirmed breakout above this zone could extend the rally toward the $0.2887 swing high, followed by the 127.2% Fibonacci extension at $0.3527.
The RSI around 59 suggests mild neutral-to-bullish momentum, while the MACD and signal line show a modest positive slope, hinting that upside pressure could be easing.
ADA/USDT daily price chart.Looking down, initial support is aligned at the 50% retracement at $0.1997, backed by the 100-day EMA at $0.2002 and the 50-day EMA at $0.1978.
Solana loses strength above $100Solana trades around $103 on Tuesday, maintaining a constructive bullish bias as the price remains well above the 50-day, 100-day, and 200-day EMAs, which are clustered between roughly $85.80 and $90.95. This elevated positioning suggests the broader uptrend is intact.
From a technical perspective, Solana must surpass the December 16 low at $116, followed by the January 13 high at $148.
The RSI has eased back from prior overbought territory to a still-firm 62, while the MACD has slipped below its signal line, hinting at waning upside momentum.
SOL/USDT daily price chart.On the downside, initial support is seen around the $100 psychological level, reinforced by the 200-day EMA near $90.94 and the 50-day EMA near $90.03.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Solana is preparing to implement a major network upgrade on September 9, substantially increasing its maximum transaction size from 1,232 bytes to 4,096 bytes. This change marks a 3.3-fold expansion and is expected to enable more complex interactions within a single atomic transaction across the Solana blockchain.
Key upgrade details and technical backgroundAnatoly Yakovenko, co-founder of Solana, highlighted a key use case for the upgrade, explaining that the network will now allow “1 tx moving data atomically through two zk roots.” He alluded to the potential for rollup-based operations to take place on Solana, suggesting that beyond merely increasing transaction size, the upgrade could broaden the blockchain’s range of capabilities.
The revised transaction ceiling stems from the adoption of QUIC, a modern internet transport protocol, which made it possible to move beyond the network’s longstanding constraint. The original 1,232-byte limit was set to ensure transactions would fit within the minimum MTU required by IPv6, after accounting for networking overhead.
Mini dictionary: QUIC is a transport layer network protocol originally designed by Google, prioritizing speed and lower latency, and has now been adopted by various blockchain projects to improve network efficiency.
The adjustment arrives with Solana’s new transaction format, known as v1, which supports the larger transaction size. Existing legacy and v0 transactions will remain unchanged, so developers will need to adopt the v1 format to utilize the higher capacity.
Potential for new use cases and improved efficiencyThe Solana Foundation has identified several advanced applications that stand to benefit from the expanded transaction size. These include large multisignature operations, BLS signatures, Winternitz one-time signatures, Confidential Transfers, and zero-knowledge (ZK) systems. Many of these operations previously required multiple transactions but can now fit into a single atomic action, which could reduce transaction fees and confirmation times.
The upgrade is designed to unlock a range of possibilities for developers, especially those working with sophisticated cryptography and privacy technologies. Incorporating zero-knowledge proofs and rollup mechanisms becomes more feasible with the new capacity, while still maintaining the principle of atomic execution: either all parts of a transaction succeed, or none do.
Yakovenko claims that the upgrade is not only about handling more data per transaction, but also about allowing atomic transfers of complex operations like zk roots and supporting rollup-based applications natively on Solana.
Deployment and future outlookThe upgrade has already been deployed to Solana’s testnet, with Transaction V1 going live there in September, ahead of the mainnet rollout. The mainnet is scheduled to activate the higher transaction limit on September 9, enabling developers to take advantage of these improvements for production applications.
Although the upgrade increases the raw transaction capacity, the extent of its impact will depend on how developers build and scale new applications. Yakovenko’s focus on integrating advanced ZK proofs and rollups indicates that the real effect of the change could extend far beyond the headline 3.3x increase in size.
FeatureOld ValueNew ValueMax Transaction Size (bytes)1,2324,096Transaction Format RequiredLegacy/v0v1Rollup/ZK SupportLimitedExpandedDeploymentTestnet (Sep.)Mainnet (Sep. 9)The September 9 upgrade will provide Solana with a significant technical capacity increase. The full impact will depend on development activity and adoption of the new format within the ecosystem.
Solana maintained a price near $105 on Tuesday, September 8, according to CoinGecko data, holding above the psychologically important $100 level after a volatile start to the month. The four-hour trading chart shows SOL closing at $103.77 on September 7, with traders watching for a breakout test in the $115–$116 range as short-term volatility continues.
Traders monitor key levels as SOL compresses near $105Solana is currently trading within a tightening technical pattern on the four-hour chart, with rising support converging toward descending resistance near current levels. This setup follows a recovery from lows seen in early September. Market analyst SatoshiOwl stated that this price compression could initially resolve to the upside, targeting the $115–$116 area.
The technical chart reveals SOL hovering near $105.67, with resistance traced back to late August’s high at around $110. The upward trendline anchors from a rebound around $97–$98, creating a focal point for potential price action.
A decisive move above the descending line would be the first technical signal confirming a bullish breakout. To solidify this move, Solana must surpass the $107–$108 area, which is seen as local resistance, before any rally toward $115–$116 can be confidently anticipated.
Despite the bullish setup, SatoshiOwl warned that the projected upward move comes with significant risks. According to his scenario, after peaking near $116, SOL may see a sharp reversal sending prices quickly back toward the mid-$80s. The analyst remains optimistic for a short-term rally, but cautioned that excessive enthusiasm at higher levels could leave traders vulnerable to a sudden downturn.
“The path looks bullish in the short term, but if optimism runs too high near $116, downside risk sharply increases,” SatoshiOwl indicated.
A decline below the rising support line or a drop under recent lows around $103–$104 would likely undermine the breakout narrative. Falling beneath the $100 threshold would further weaken the bullish outlook for Solana in the near term.
Long-term chart highlights $148 and $248 resistance zonesA separate long-term analysis by Celal Kucuker, a crypto trader and chartist, presents an even more bullish prospect for Solana. His chart identifies the key support zone at $70.72 as the foundation for a potential major recovery, outlining a rounded price formation that could eventually challenge much higher resistance if upward momentum continues.
On the seven-day Binance chart, Solana has rebounded from the $70.72 support and is pushing away from a descending trendline. However, the next crucial test awaits at $148.16, which must be cleared for the recovery structure to strengthen. Should that happen, the focus would shift to the higher resistance area at $248.63.
Kucuker predicted the possibility of SOL reaching $300 and making a new all-time high if these major hurdles are overcome. His extended target scenario, illustrated within the chart, shows a potential move toward approximately $989.60—yet such outcomes hinge on clearing the closer resistance levels first.
Charts suggest $1,000 is a long-term target, but Solana first needs breakouts above $148 and $248,” Kucuker explained in reference to the ongoing recovery structure.
For now, analysts are watching both short-term and long-term timeframes. Immediate focus remains around the $107–$108 and $115–$116 levels. Without a clear breakout, more ambitious targets will remain out of reach and Solana’s current trend will be dictated by technical support and resistance milestones.
DeFi Development Corp has closed an $11 million public offering of something called CHAD Stock, a preferred equity instrument backed by the company’s Solana treasury. The offering, which wrapped up on September 8, marks what the company is calling the first SOL-backed digital credit instrument to trade on a major exchange.
What CHAD Stock actually is CHAD is the company’s Variable Rate Series C Perpetual Preferred Stock. It’s a share class that sits above common equity but below debt in the event the company ever has to liquidate. It pays dividends, doesn’t convert into common stock, and trades on Nasdaq under the ticker CHAD.
The offering consisted of 1.375 million shares priced at $8.00 each. Each share carries a stated value of $10, with an annual dividend rate of 13% on that stated value. At the $8 purchase price, that translates to an effective yield of roughly 16.25%. The first dividend payment is scheduled for October 1, 2026.
Advertisement
Notable participants in the offering included Thomas Lee, co-founder and head of research at Fundstrat Global Advisors, and the chairman of BitMine, an Ethereum-focused treasury firm.
The SOL treasury play DeFi Development Corp, which trades on Nasdaq under the ticker DFDV, currently holds approximately 2.33 million SOL along with other equivalent digital assets. A recent acquisition added roughly 19,000 SOL at an average price of $98 per token.
The net proceeds from the CHAD offering will be directed primarily toward buying more Solana and investing in related digital asset projects. The comparison to MicroStrategy is instructive but imperfect. MicroStrategy’s convertible notes gave bondholders an equity kicker through conversion rights. CHAD Stock is explicitly non-convertible, meaning holders get their yield and their liquidation preference, but no path to common equity upside.
If SOL appreciates meaningfully, DFDV keeps the upside beyond its 13% dividend obligation. If SOL drops, the company still owes those dividends.
From real estate to Solana DeFi Development Corp was previously known as Janover Inc., a firm involved in real estate and AI-powered financing. In April 2025, the company rebranded and pivoted to a Solana-focused digital asset treasury strategy.
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.
Everyone is waiting for the Hyperliquid Season 3 airdrop, Machi Big Brother posted on Monday. His fix is a Solana meme coin called Season 3 (S3), and he says it pays HYPE to holders.
Jeffrey Huang is the Taiwanese-American entrepreneur behind the account. His pick spiked early Tuesday, then gave back about three-quarters of the move within hours.
Machi Big Brother Says He Is Not the DevHuang framed the coin as a way to skip the wait. He also borrowed a phrase, “let’s dance,” from trader Ansem, who had used it days earlier for a different coin. Then he stepped back from the project itself.
Season 3 coin $S3 is paying $HYPE sividends or hividends?
— Machi Big Brother (@machibigbrother) September 7, 2026
That disclaimer matters given his record. In March, he absorbed roughly $75 million in liquidations on Hyperliquid. Days ago, he pulled his $1M Friend.tech offer.
The Hyperliquid Season 3 Airdrop Nobody AnnouncedHyperliquid ran two-point phases, both before its Genesis Event. Farmers label them Season 1 and Season 2. The protocol never used the word season.
Nobody learned the exact rules either. Hyperliquid said only that its criteria changed on a recurring basis, and it never confirmed that points set the payouts.
That event released 310 million HYPE, or 31% of supply. No campaign and no payout have followed it.
Hope rests on the treasury. Another 388.88 million HYPE stays unminted for future emissions and community rewards.
HYPE itself trades around $84 after approaching record highs last weekend. Season 3 buyers are pricing a distribution that has no schedule.
Hyperliquid Price Performance. Source: BeInCrypto MarketsThe payout pitch does have a mechanism. Raydium lets token creators claim a cut of trading fees once liquidity reaches its main pools. Fees on the HYPE-quoted launchpad pool, therefore, arrive in HYPE.
S3 copies a template that is already running. Anonymous Cat, a Solana coin quoted in Zcash, opened on August 30 and now carries a $95 million market cap. Zcash, meanwhile, crossed $1,000 last week. Ansem promoted that one.
Neither coin runs on the chain it borrows from. S3 sits on Solana, not HyperEVM.
Liquidity stays thin. The HYPE pool carries about three-quarters of all S3 trading, near $3.6 million over 24 hours. It holds just $175,000 of depth. Total liquidity across every pool sits near $500,000.
Pools disagree on the price by more than 60%. Buyers are paying up for a claim that no named developer has confirmed.
Anatoly “Toly” Yakovenko, co-founder of Solana Labs, made a pointed argument on September 7: changing how the IRS taxes block rewards would do more for Solana’s ecosystem than any tweak to the network’s burn mechanisms, transaction fees, or inflation schedule.
The tax problem nobody wants to do math on The core issue traces back to IRS Revenue Ruling 2023-14, which treats staking rewards as ordinary income the moment a validator or delegator gains “dominion” over them. In practical terms, that means if you earn 100 SOL in staking rewards and SOL is trading at $150, you owe income tax on $15,000, even if you never sold a single token.
This creates what tax professionals call “phantom income.” You have a tax bill on gains you haven’t actually realized. If SOL’s price drops 40% before you sell, you still owe taxes based on the higher value at the time you received the rewards.
The burden falls hardest on smaller stakers who may not have the liquidity to cover tax obligations without selling their rewards. That selling pressure, ironically, can push prices down further, creating a cycle that discourages the very participation proof-of-stake networks depend on.
Advertisement
Legislative momentum, but no finish line In December 2025, Representative Mike Carey and 18 of his congressional colleagues sent a letter to the IRS urging the agency to revise its guidance on staking and mining rewards before the 2026 tax year.
The core of the reform argument is that staking rewards should be treated as newly created property, not income. Under this framework, tokens earned through staking would only become taxable when they’re actually sold.
The Solana Policy Institute has been active on this front as well, filing legal briefs that advocate for realization-based taxation on newly minted tokens.
Despite the bipartisan interest, the IRS hasn’t budged from its 2023 position. Revenue Ruling 2023-14 remains in effect, and no formal rulemaking process has been announced to modify it.
Solana’s tokenomics debate takes a back seat SGP-0002, a governance proposal that doubles Solana’s disinflation rate to 30%, was approved in late August 2026. The proposal accelerates the pace at which new SOL issuance decreases over time, making the token’s supply dynamics more deflationary.
Yakovenko’s framing suggests these efforts are secondary. His reasoning appears to be that enhancing network capacity and reducing latency, paired with favorable tax treatment, would have a compounding effect that dwarfs what protocol-level economic tweaks can achieve alone. He also indicated support for testing burn mechanisms specifically to benefit app developers, but positioned this as a complementary effort rather than the main event.
What’s actually at stake The implications extend well beyond Solana. Every proof-of-stake network in the US ecosystem faces the same tax headwind. Ethereum stakers, Cosmos delegators, and participants across dozens of other networks all contend with the same Revenue Ruling 2023-14 framework.
The 2026 tax year is already underway, meaning any retroactive guidance change would need to come relatively soon to affect current filing obligations. For US stakers across every network, the clock is ticking on a problem that no governance proposal can solve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Amid numerous network upgrades, Solana has started a 5-stage reduction in the amount of $SOL users must lock into accounts to cover onchain storage. The reform could eventually make about 3.06M $SOL available for users to reclaim.
Why Everyone Is Calling It a $319M Airdrop At around $100 per $SOL, that represents more than $300M. A price around $104 would put 3.06M $SOL near $319M, which explains the figure circulating online.
However, Solana users should not expect the network to distribute free $SOL. The tokens already belong to account holders. The rent reduction lowers the minimum balance required to maintain accounts, potentially leaving some accounts with excess lamports that users can reclaim. Solana activated the first SIMD-0437 feature gate at epoch 1028 on September 3. The change reduced the lamports-per-byte figure from 6,960 to 6,333, delivering an initial 9% reduction.
Developers will not automatically activate each remaining stage. They will examine state growth at each level before deciding whether to proceed. A separate safeguard, SIMD-0438, can restore the original 6,960 value if state growth creates problems.
The second stage reached testnet on September 3 and cuts the figure to 5,080 lamports per byte. Developers expect mainnet activation in mid-September. The remaining 3 stages target Agave 4.4, which is expected in November.
What “Rent” Actually Means Solana calls the required balance rent, but users do not permanently pay this money as a fee. The balance works as a refundable bond that covers the storage an account occupies across validators.
Solana calculates the minimum balance using:
Minimum balance = (128 + data size) × lamports per byte
SIMD-0437 ultimately reduces the constant from 6,960 to 696, a 90% reduction.
For an SPL token account, the change could reduce the deposit from about $0.159 to $0.0159, assuming similar economics. A business creating 1M token accounts could therefore see its required deposits fall from about $159,000 to $15,900.
How Can You Reclaim the Excess $SOL? If you have $SOL and other Solana ecosystem tokens in your wallet, you are definitely eligible for the claim, depending on the token accounts in your wallet.
You can now recover the difference between your current $SOL rent balance for each token account and the new minimum rent as the rent required reduces, using multiple tools such as Sol-Incinerator’s ‘incinerator’ tool.
The first stage of the rollout, which is currently live on mainnet, has reduced the required rent by about 10% of the 696 lamport target. The remaining 90% will be available to claim as the remaining 4 stages go live.
The reclaim mechanism adds another important part to the story. Solana's Token Program now includes a WithdrawExcessLamports instruction through its May P-token upgrade. The instruction is what enables wallet providers, DeFi apps, and other onchain services to claim the $SOL sitting above the rent-exempt minimum from a token account, mint, or multisig account without closing the account or affecting its token balance.
Another Step in Solana's Upgrade Cycle The Solana network is embodying the popular “Increase Bandwidth, Reduce Latency” maxim as the rent reduction arrives alongside other major Solana changes. SIMD-0525 recently reduced the target slot time from 400ms to 300ms, with 2 further reductions planned before the network reaches the proposed 200ms target.
Meanwhile, Transaction V1 has reached testnet and increases the maximum transaction size from 1,232 bytes to 4,096 bytes. The larger format could accommodate workloads such as ZK proofs, large multisigs, and confidential transfers within a single transaction.
Read More on SolanaFloor Solana Reclaims Memecoin Flows as Stonk.fun Flips Pump, Hyperliquid in Daily Revenue
$135,000 in Prizes: Solana Mobile’s CLOCK IN Hackathon Targets the Next Wave of Seeker Apps
7 September 2026 | 22:53 Solana’s recovery has reached $105, a weekly resistance cluster where Fibonacci, the falling trendline and the 50-week average meet, while the death cross keeps the broader trend fragile.
Key Takeaways RSI shows that selling lost momentum. The death cross reflects trend weakness. Stablecoin supply rose as trading cooled. $134 is the next recovery test. The rebound follows Solana’s August rally, when SOL briefly reached $110, its high for the month. The weekly chart now shifts attention to $105, the first resistance zone the recovery must clear.
$105 is a resistance cluster, not a single price The 23.6% Fibonacci retracement sits at $105, close to the descending trendline and the 50-week simple moving average. Together, those levels form the first major resistance zone for SOL’s recovery.
A one-day move above that area would not change the weekly structure. SOL needs to close above $105 and hold the level after a retest before the market can treat it as support. Until then, the recovery remains a challenge to the downtrend.
Solana’s weekly levels
Level Why it matters $105 23.6% Fibonacci retracement and the first weekly resistance zone. $134 38.2% Fibonacci retracement and the next major upside barrier. Mid-$140s Area of the 100-week moving average, another major resistance level. $156 50% retracement of the decline from the 2025 high to the June low. RSI shows that selling pressure weakened SOL made a lower price low during the decline into June, while its weekly RSI made a higher low. That mismatch is known as a bullish divergence: price continued to fall, but the momentum behind the sell-off weakened. It suggests that sellers were losing control into the June bottom.
That becomes more meaningful only if price follows through. A sustained weekly move above $105 would show that buyers are responding to the improvement in momentum; another rejection there would leave the divergence in place without confirming a reversal.
Solana (SOL/USDT) weekly price chart. The death cross is already in place The 50-week moving average has fallen below the 200-week average, creating the death-cross condition. Traders watch it because it shows the shorter-term trend has weakened below the longer-term trend, even though the crossover itself is a lagging indicator rather than a forecast for the next weekly candle.
The 50-week and 200-week averages are converging around $105, making that zone more important. The 100-week average sits in the mid-$140s, adding another barrier if SOL recovers beyond the first retracement.
Stablecoin supply rose, but trading volume fell DeFiLlama puts Solana’s stablecoin market cap at about $16.42 billion as of writing, up 5.05% over seven days. The figure covers stablecoins circulating across the network, including balances in wallets and DeFi applications.
That matters because those stablecoins can be used to buy SOL on Solana-based exchanges or posted as collateral on onchain perpetual platforms. A larger stablecoin balance expands the pool of dollar-denominated capital available on the network, but it does not show how much is actively sitting in SOL trading pools, order books or derivatives margin.
So far, trading activity has not confirmed a broad expansion in demand. Solana’s seven-day DEX volume was down 11.02%, while perpetual-futures volume fell 5.78%. A recovery above $105 would carry more weight if turnover starts rising alongside the stablecoin balance, showing that more of that capital is entering SOL markets rather than remaining in wallets, lending protocols or payment balances.
Recent network use remains relevant – Solana fees reached record levels earlier this month, but fee growth alone does not determine the weekly chart trend.
Payment Channels show where that liquidity could be used Growing stablecoin liquidity becomes more relevant when applications give users a reason to move it. On September 3, the Solana Foundation introduced Payment Channels, which allow users or software agents to authorize a spending limit once, exchange signed payment updates offchain and settle the final balance onchain.
The Foundation said a proxy test involving 100,000 wallets issued more than one million payment updates per second. The figure does not describe Solana’s base-layer throughput: the payment updates are aggregated, and only final settlements reach the chain.
The price connection is indirect, but sustained adoption could matter for SOL’s economics. Each final settlement on Solana requires transaction fees paid in SOL, and half of every base fee is burned. If Payment Channels lead to more channel openings, settlements and other onchain activity, they could increase SOL-denominated fee demand while reducing circulating supply through the burn mechanism. That could potentially support the token only if usage becomes large and persistent; the test itself is not evidence of new SOL buying.
SOL now needs to turn $105 into support For the recovery to gain technical credibility, SOL needs a weekly close above $105, followed by a move through $134. That would show that buyers have cleared the first Fibonacci barrier and begun to recover the damaged moving-average structure.
A rejection below $105 would keep SOL under the falling trendline and preserve the broader weekly downtrend. The RSI divergence would still show that sellers lost momentum into June, but buyers would need more evidence before the market could call the move a durable reversal.
This article is for informational purposes only and does not constitute financial advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
The Solana logo appears on the screen of a smartphone in Reno, United States, on December 5, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)
NurPhoto via Getty Images
“After 500 calls in the past few hours we got all the votes in the last few seconds and passed the disinflation proposal by a literal hair,” Mert Mumtaz, the chief executive of Solana infrastructure company Helius, posted to his 2.2 million followers on Friday, August 28. SOL changed hands at $101.73 on Friday, September 4, down 3.4% on the day.
The validator and data publication Solana Compass posted “SGP-0002: 67.001%. Bar: 66.667%. Margin: 0.334 pts,” as the count closed, with 176.29 million SOL voting for and 66.19 million against. “With 70 min left, it was losing by 58M $SOL. @mert made 500+ calls. Kraken reversed. JitoSOL overrode validators,” the same post said, putting turnout at 60.7% of eligible stake across 1,326 validators.
Lark Davis, a New Zealand-based commentator posted to his 1.5 million followers that Kraken had voted against mid-count “nearly sinking it before flipping at the last minute”, after the exchange moved roughly 8.9 million SOL against the proposal with under three hours left, and swung about 8.1 million back behind it in the final hour. “Less dilution for holders, lower staking rewards for validators. Not everyone’s happy, but the vote is done,” Davis wrote.
Trading Yield, Not Prices
MacBrennan Peet, the founder of Project 0, said on the On The Margin podcast: “when I think about trading, I think primarily about trading yield, not trading prices,”. Describing the delta-neutral yield hunt that sets the price of capital across chains. “So not necessarily taking directional exposure on something going 10x, but seeing a difference in spreads across market and taking advantage of that,” he said.
“Perhaps you want Bitcoin exposure. You’ve chosen that you want to be long Bitcoin. And now that you have the Bitcoin asset, you want to maximize your yield on it,” Peet said of the same hunt one asset over, describing the alternative as fragmented: “multiple fragmented accounts that also have no idea of your risk exposure across different venues.” According to Solana Company’s published figures, SOL holders are now maximizing on 4.34% in year one against 5.84% on the old schedule, 3.00% in year two and 2.25% in year three, assuming 68% of SOL stays staked.
“It’s math. It’s just a hard asset,” said the co-founder of bitcoin custody firm Onramp, Michael Tanguma. Making the case that scarcity is the only durable defense against a shrinking share. “Everyone gets diluted unless they import a harder form of money,” he said, and “now you’ve got to understand that there’s no real choices.”
Reopening The Settled, Deterministic Schedule
The Company’s objection is not to “lower issuance as an end state, but rather to reopening the settled, deterministic schedule,” Solana Company said on August 21, voting against SGP-0002 “on grounds of timing, not intent.” Staking on the Nasdaq-listed treasury vehicle’s own SOL produced $2.512 million of its $2.526 million in revenue in the quarter ended June 30, or 99.4%.
The proposal’s authors, the Helius engineers Lostin and 0xIchigo, who put the saving at about 18.9 million SOL over six years, wrote “41% of validators already opting for a 0% commission on emissions” will barely register the change.
Nothing Changes For Your Stake Today
“Nothing changes for your stake today. SGP-0002 is a governance mandate rather than a live protocol change yet,” wrote Andre Caldeira of the staking provider P2P.org. The cut lands only once SIMD-0550 is “accepted and activated through the normal Solana feature-gate process.”
The platform Nexo told its 279,000 followers on Wednesday that Solana’s validators voted through a “permanent cut to future token issuance,” listing it among the signals that “held up underneath” a soft week. It is the trade other networks have already run, and SOL sits far below the $250 level traders were modeling in the spring.
“SOL $1,000,” Mumtaz wrote to close the victory post, above a line of thanks: “THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND”.
The Solana logo appears on the screen of a smartphone in Reno, United States, on December 5, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)
NurPhoto via Getty Images
“After 500 calls in the past few hours we got all the votes in the last few seconds and passed the disinflation proposal by a literal hair,” Mert Mumtaz, the chief executive of Solana infrastructure company Helius, posted to his 2.2 million followers on Friday, August 28. SOL changed hands at $101.73 on Friday, September 4, down 3.4% on the day.
The validator and data publication Solana Compass posted “SGP-0002: 67.001%. Bar: 66.667%. Margin: 0.334 pts,” as the count closed, with 176.29 million SOL voting for and 66.19 million against. “With 70 min left, it was losing by 58M $SOL. @mert made 500+ calls. Kraken reversed. JitoSOL overrode validators,” the same post said, putting turnout at 60.7% of eligible stake across 1,326 validators.
Lark Davis, a New Zealand-based commentator posted to his 1.5 million followers that Kraken had voted against mid-count “nearly sinking it before flipping at the last minute”, after the exchange moved roughly 8.9 million SOL against the proposal with under three hours left, and swung about 8.1 million back behind it in the final hour. “Less dilution for holders, lower staking rewards for validators. Not everyone’s happy, but the vote is done,” Davis wrote.
Trading Yield, Not Prices
MacBrennan Peet, the founder of Project 0, said on the On The Margin podcast: “when I think about trading, I think primarily about trading yield, not trading prices,”. Describing the delta-neutral yield hunt that sets the price of capital across chains. “So not necessarily taking directional exposure on something going 10x, but seeing a difference in spreads across market and taking advantage of that,” he said.
“Perhaps you want Bitcoin exposure. You’ve chosen that you want to be long Bitcoin. And now that you have the Bitcoin asset, you want to maximize your yield on it,” Peet said of the same hunt one asset over, describing the alternative as fragmented: “multiple fragmented accounts that also have no idea of your risk exposure across different venues.” According to Solana Company’s published figures, SOL holders are now maximizing on 4.34% in year one against 5.84% on the old schedule, 3.00% in year two and 2.25% in year three, assuming 68% of SOL stays staked.
“It’s math. It’s just a hard asset,” said the co-founder of bitcoin custody firm Onramp, Michael Tanguma. Making the case that scarcity is the only durable defense against a shrinking share. “Everyone gets diluted unless they import a harder form of money,” he said, and “now you’ve got to understand that there’s no real choices.”
Reopening The Settled, Deterministic Schedule
The Company’s objection is not to “lower issuance as an end state, but rather to reopening the settled, deterministic schedule,” Solana Company said on August 21, voting against SGP-0002 “on grounds of timing, not intent.” Staking on the Nasdaq-listed treasury vehicle’s own SOL produced $2.512 million of its $2.526 million in revenue in the quarter ended June 30, or 99.4%.
The proposal’s authors, the Helius engineers Lostin and 0xIchigo, who put the saving at about 18.9 million SOL over six years, wrote “41% of validators already opting for a 0% commission on emissions” will barely register the change.
Nothing Changes For Your Stake Today
“Nothing changes for your stake today. SGP-0002 is a governance mandate rather than a live protocol change yet,” wrote Andre Caldeira of the staking provider P2P.org. The cut lands only once SIMD-0550 is “accepted and activated through the normal Solana feature-gate process.”
The platform Nexo told its 279,000 followers on Wednesday that Solana’s validators voted through a “permanent cut to future token issuance,” listing it among the signals that “held up underneath” a soft week. It is the trade other networks have already run, and SOL sits far below the $250 level traders were modeling in the spring.
“SOL $1,000,” Mumtaz wrote to close the victory post, above a line of thanks: “THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND”.
Kamino Finance has opened a new borrowing market on Solana that accepts ZEC, the bridged version of Zcash’s native token, as collateral. Users can now post ZEC to borrow USDC, or dial up their exposure using Kamino’s Multiply product, which loops positions to create leverage without requiring a centralized exchange.
How it works and why Kamino built it this way Kamino routes ZEC through cross-chain bridge infrastructure, specifically NEAR Intents and OmniBridge, to bring the asset onto Solana in a form the protocol can price and custody. ZEC first became tradable on Kamino Swap, the protocol’s aggregator, in late October 2025, so this lending launch is a logical next step rather than a sudden pivot.
Advertisement
The ZEC market sits inside Kamino’s isolated lending architecture, where ZEC collateral risk is contained in its own pool rather than mingling with the protocol’s main liquidity. That structure lets Kamino set custom loan-to-value ratios and liquidation thresholds tuned specifically to ZEC’s volatility profile, without exposing core markets to spillover risk if ZEC experiences a sharp drawdown.
The Multiply feature automates the loop of borrowing USDC, swapping it back into ZEC, and redepositing in a single transaction. The result is amplified ZEC exposure funded by borrowed stablecoins.
Part of a bigger pattern at Kamino The most recent comparable move was the introduction of a PAXG market on or around July 27, 2026. PAXG represents tokenized gold, so Kamino effectively allowed users to borrow USDC against a digital representation of physical gold bars. ZEC follows the same template, just with a privacy-focused cryptocurrency rather than a precious metal.
What this means for ZEC and privacy-asset DeFi Zcash’s shielded transaction capability uses zero-knowledge proofs, but regulatory pressure around privacy coins has kept many centralized venues at arm’s length, and DeFi integration has lagged behind mainstream assets by years.
Kamino’s overall lending platform handles billions in aggregate market size across its various pools, though specific figures for the ZEC market have not yet been disclosed. No expert commentary or specific TVL data has surfaced regarding the ZEC market to date.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFi Development Corp. (NASDAQ: DFDV), the firm that has built its balance sheet around accumulating Solana, has outlined plans for a new preferred-stock raise aimed at expanding that treasury. The company said it intends to offer up to $20 million of Variable Rate Series C Perpetual Preferred Stock, marketed under the nickname CHAD Stock, in a registered public offering.
The securities would carry a $10 stated amount per share and begin with an annual dividend rate of 13 percent, paid on a daily basis when declared.
The first regular payment is scheduled for October 1, 2026. Because the stock is perpetual, it has no maturity date.
The underwriter would also receive a 30-day option to buy an additional 15 percent of the shares. R.F. Lafferty & Co. is serving as sole book-running manager.
Completion remains subject to market conditions, and the company cautioned that size and final terms could still change.
Management said net proceeds would go toward general corporate purposes.
That list includes working capital, purchases of additional SOL, other digital-asset investments, strategic deals, and growth projects.
In other words, the raise is designed to keep DFDV’s core strategy moving: convert newly raised capital into more Solana and related exposures rather than rely solely on common-stock issuance.
At closing, the company plans to set aside a dividend reserve equal to the first 12 months of payments at the initial 13 percent rate, funded with cash, financial instruments, or digital assets.
The timing fits a broader pattern. DFDV has repeatedly used equity programs, convertible notes, and at-the-market facilities to scale its SOL holdings while tracking a metric it calls SOL per share.
Last week it reported that it had resumed buying Solana, adding roughly 19,000 SOL at an average price of about $98.
Earlier communications have described preferred equity as a cleaner form of leverage than convertible debt, because distributions can theoretically be supported by staking yield, validator income, and other on-chain activity rather than by issuing more common shares.
The new variable-rate series is the latest attempt to put that idea into practice.
For investors, the instrument sits between ordinary equity and senior debt.
Holders would rank ahead of common stockholders for dividends and in a liquidation, but the coupon can be adjusted after the first period at the board’s discretion, and payments still depend on legally available funds.
The company has applied to list the shares on Nasdaq under the ticker CHAD.
Whether a liquid market develops after listing is another open question.
The proposal also reflects how digital-asset treasury companies have evolved.
Instead of treating crypto simply as an unproductive reserve, DFDV presents Solana as an asset that can appreciate and generate yield. Preferred stock, in that framing, becomes a way to add leverage without the forced-sale risk of margin loans.
Critics will note the usual caveats: SOL prices remain volatile, dividend coverage is not guaranteed, and any new senior claim sits ahead of existing common shareholders.
Still, the announcement is consistent with DFDV’s stated goal of compounding Solana exposure per share over a multi-year horizon. If the offering closes near the proposed size, it would give the company another modest but targeted pool of capital to deploy into the same asset that already dominates its treasury.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
Solana went from controlling nearly three-quarters of on-chain tokenized equity trading to holding less than a third. The culprit? Memecoins dressed up in stock-market clothing on competing chains.
Over a two-week stretch ending around August 27, 2026, Solana’s daily share of global tokenized stock volume collapsed from 71% to 30%, according to Blockworks. The decline wasn’t driven by anything breaking on Solana itself. Instead, rival EVM-compatible chains, specifically BNB Chain and a new Robinhood-branded chain, introduced hybrid trading mechanics that paired memecoins with tokenized real-world assets, pulling speculative capital away from Solana at a remarkable clip.
Advertisement
How meme/stock pairings rewired the market Rather than simply listing tokenized versions of stocks the way Solana’s xStocks protocol does, BNB Chain and Robinhood Chain created trading pairs that bundle a memecoin with a tokenized equity. On BNB Chain, a meme/stock pair called $牛来 reached a peak market cap of $77 million. On Robinhood Chain, a pair branded $AI hit $67 million.
The design also forces users to bridge assets onto the host chain in order to participate. That bridging activity inflates transaction volumes, which in turn makes the chains look more active, which attracts more traders.
The contrast with Solana’s earlier dominance is stark. During Q2 2026, and particularly around a wave of SpaceX-related tokenized equity activity in June, Solana captured between 95% and 97% of all on-chain tokenized equity spot trading volume.
Solana’s absolute numbers tell a different story The network has processed over $9.5 billion in cumulative tokenized stock volume since the xStocks protocol launched in July 2025. It has 288,000 unique holders. And it has generated $56 million in equity-backed lending pools as of late August 2026.
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.
Whale Tracking: Two SKHX long traders that entered the market yesterday began taking profits, totaling $1.2 million in gains.
According to TradingBeats monitoring, as of press time, the two whales that together bought $17.808 million worth of SKHX yesterday have all turned a profit. The address starting with 0xc8b5 fully took profits after adding to its position, while the address starting with 0x519c continued adding to its position this morning. The 0xc8b5 address bought SKHX at an average price of $1,310.92 at 12:00 yesterday, completing an initial position build of around $13.096 million. It then added to its holdings, and by last night had accumulated 12,858.87 SKHX tokens, bringing its total position to roughly $16.9 million with an average entry price of $1,314.26. At 8:18 this morning, the address began taking profits in batches, and fully closed out its position at 10:12, selling at an average price of $1,377.96. From initial entry to full exit, the trade took approximately 22 hours, generating a profit of around $819,100. The other whale address, 0x519c, bought SKHX at $1,292.70 yesterday for around $4.712 million. At 7:00 this morning, it added to its position at $1,323.73, investing an additional $1.109 million. Currently, 0x519c still holds 4,483.04 long SKHX contracts, with an average entry price of $1,298.50, position value of around $6.203 million, and unrealized profit of roughly $382,000 (+38%). Prior update: Two new large orders for SKHX today, with whales totaling $17.8 million in long positions. Addresses: 0xc8b527864ef2ad6dc49de7e99943a3a76ad488910x519c721de735f7c9e6146d167852e60d60496a47
4 minutes ago
Well-known trader: Bitcoin could break through $126,000 and set a new all-time high in November 2027
Well-known trader Killa noted in a post that the time Bitcoin takes to reach new all-time highs (ATHs) in each cycle is shortening. If simply referencing the previous cycle that began in 2022, BTC would hit its ATH no later than February 2028. However, Killa argues this cycle is progressing faster: Bitcoin’s bottoming period is roughly 3 to 4 months earlier than the prior cycle, so the timing of a new ATH may also shift forward accordingly. Based on the observation that cycles are continuing to shorten, he projects BTC will set a new ATH by the end of Q4 2027, and climb above $126,000 in November 2027.
4 minutes ago
Meme Coin CME on Robinhood Chain Surges Past $8 Million in Market Cap
According to GMGN market data, the meme coin CME on Robinhood Chain briefly exceeded $8 million in market capitalization within two hours of its launch, and is now trading at $6.24 million with a trading volume of $5.9 million. The token is positioned as a meme coin related to the commodity market exchange platform on Robinhood Chain, with its core narrative focused on bringing real-world commodities such as corn, oil, and gold onto the blockchain for trading. BlockBeats reminds users that prices of such tokens are highly volatile, and they should exercise caution when investing.
4 minutes ago
Anthropic abandons $6 billion acquisition of AI startup Decart
Beating AI News Flash: According to Bloomberg, sources familiar with the matter have disclosed that Anthropic has decided not to proceed with its acquisition of AI startup Decart AI. Anthropic had previously evaluated the deal and conducted due diligence on Decart, but ultimately withdrew. The two parties may still explore other collaboration opportunities in the future. Representatives from both Anthropic and Decart declined to comment. Bloomberg earlier reported that Anthropic, the developer of Claude, had been in talks to acquire Decart for roughly $60 billion, though the transaction was never finalized. Decart primarily develops software that boosts chip efficiency to lower the training and operational costs of AI models. Anthropic rarely pursues large-scale acquisitions; it is currently investing continuously in computing power to develop new products, serve clients, and prepare for its highly anticipated IPO.
Uniswap founder Hayden Adams published a statement noting that UNI’s 7-day annualized burn amount has exceeded $250 million. Data shows that, calculated based on daily closing prices, the annualized amount corresponding to UNI’s 7-day burn rate is currently around $263 million. The figure is an annualized projection derived from the past seven days’ burn volume, not the actual value of UNI that has been burned.
4 minutes ago
Astra is burning through quota excessively fast, leading OpenAI to reset quotas for all paid users once again.
Beating AI Express Flash: OpenAI has uniformly reset usage quotas for all paid subscribers. Core product lead Tibo Sottiaux stated the move aims to allow users who have exhausted their quotas to continue running GPT-6 Astra. Since Astra’s launch, the community has been complaining about overly fast quota consumption. Some Plus users claimed Astra uses up their entire weekly quota in roughly half an hour, while others reported hitting a 5-hour limit on a single task. Sottiaux had just the prior day reduced quota consumption for heavy-use scenarios to approximately 1/3 to 1/4 of its original level, and has now rolled out a global quota reset.
Raydium expanded LaunchLab to support launches against any token pair, replacing the need to use only a predetermined quote asset. The Solana decentralized exchange said in a Sept. 6 product announcement that LaunchOnSF is the first integration partner to put the flexible-pairing model into use.
The change alters how creators can structure a launch from its bonding phase through the creation of an automated-market-maker pool. Raydium framed the release as a way to deepen liquidity, reduce fees and give token communities more control over the asset used on the other side of a market.
What flexible pairing changes A token pair defines the two assets exchanged in a market. Launch infrastructure often fixes one side of that pair to a common asset, simplifying routing but limiting how a project can organize liquidity. LaunchLab’s update lets a creator select another supported token instead.
That flexibility can keep a launch inside an existing community economy. A project could pair a new asset with a token its users already hold, then carry that relationship into the liquidity pool created after the launch phase. The announcement does not mean every conceivable asset is automatically supported; interfaces and integrations still determine which options are available.
LaunchOnSF becomes the first integration Raydium identified LaunchOnSF as the first partner to bring the model live. The integration gives the feature a production use case rather than leaving it as a design proposal. However, Raydium’s short announcement did not publish volume, liquidity or fee results, so claims about improved market quality will need to be tested against actual trading.
The rollout also lands in a competitive Solana launchpad market. Pump.fun previously moved graduated tokens into its own PumpSwap decentralized exchange, changing a pipeline that had sent substantial launch activity toward Raydium. Flexible pairs give LaunchLab and its partner interfaces another way to differentiate their market design.
Liquidity design becomes more important More choice does not remove the risks attached to thin pools, volatile quote assets or concentrated ownership. A less established quote token may expose traders to price movement on both sides of a pair, while shallow liquidity can increase slippage. Projects therefore need to explain why a selected pairing is useful and how initial liquidity is distributed.
For Raydium, the practical test will be whether partner launches attract durable liquidity after their initial bonding activity. LaunchOnSF’s deployment will provide the first evidence of how creators and traders use the broader pairing options.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
A fight over Robinhood Chain’s fee design has moved past a two-person argument and now includes voices from Solana, Arbitrum, and BNB Chain. The issue is no longer only how much a single transfer costs. It is who should earn money from network activity, and how a chain pays for the next several years of development.
Solana co-founder Anatoly Yakovenko opened the exchange after Robinhood Chain fees jumped during a busy stretch.
He said the 10 percent of net protocol revenue that Robinhood already sends to Arbitrum would have paid for the same traffic on Solana several times over.
On that basis, he argued, Robinhood could have subsidized users and offered a gas-free product instead of collecting congestion-driven fees on its own layer-2.
Offchain Labs co-founder Steven Goldfeder rejected that framing.
On an Arbitrum Orbit chain, Robinhood keeps most of the net sequencer proceeds after settlement costs.
On Solana, base-layer fees go to the network, so Robinhood would keep none of them.
Zooming out on the debate of "what's best for Robinhood", I really want to point out further lowering gas fee is no longer the highest priority of the blockchain industry.
The real priority of all blockchains today is finding sustainable business model that feeds back into its… https://t.co/ic6Ixr5bPs
— Nina Rong (@nina_rong) September 6, 2026
Any waiver would then come from the company’s own cash.
Goldfeder’s line was that Robinhood picked Arbitrum so it could run the venue rather than rent space on someone else’s.
BNB Chain growth lead Nina Rong then widened the lens.
She said cutting gas further is no longer the industry’s main job.
Foundations spent years handing out grants and pushing fees down.
To last another cycle, she argued, chains need commercial structures that send money back into engineering and growth—whether that is gas, a revenue-share license, or some other contract.
The question, in her telling, is not which network is cheapest today.
Robinhood Chain went live on July 1 as an Ethereum layer-2 using Arbitrum’s stack.
Under the Expansion Program, 10 percent of net protocol revenue goes to the Arbitrum ecosystem (most to the DAO treasury, a smaller slice to developer funding).
Robinhood keeps the rest.
That is the “landlord” model Goldfeder described: the company operates its own environment and treats the stack as a licensed product.
Much of the recent fee volume has come from trading apps and token launches rather than only from tokenized stocks.
Layer-2 design lets the operator set prices and commercial terms while still settling to Ethereum.
Rong’s point is that the next test is whether that activity funds technology instead of another round of fee races.
The three views now sit side by side.
Solana’s case is that applications should live on cheap public rails and monetize in the product. Arbitrum’s case is that a large firm should own the chain and keep most of the economics. BNB Chain’s case is that the whole sector has to stop treating ever-lower gas as the finish line.
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.
Circle just printed $3 billion worth of USDC on the Solana blockchain in a single 24-hour window.
The mint is one of the largest single-day USDC issuances on Solana to date, but it’s far from an isolated event. It fits neatly into a pattern that’s been building throughout 2026, one that tells a clear story about where institutional capital wants to park its stablecoin liquidity.
Solana’s stablecoin surge by the numbers This $3 billion mint didn’t materialize out of thin air. Circle has been systematically ramping up USDC issuance on Solana all year, often in $250 million tranches that on-chain tracking services like Whale Alert and Lookonchain have documented in real time.
Advertisement
In August 2026 alone, approximately $11 billion in gross USDC mints occurred on Solana. By late August, the total USDC circulating supply on Solana crossed the $8 billion mark, representing more than 10% of the global USDC supply for the first time.
Circle minted $500 million on June 8 across two $250 million tranches. Mid-June saw a $1 billion single-day mint. On June 29, a $910 million issuance on Solana was paired with a $250 million burn on Ethereum. By mid-July, gross issuance on Solana had reached somewhere between $64 billion and $68 billion. Early September brought another $1.25 billion minted over just three days.
The institutional pipeline BNY Mellon expanded its collaboration with Circle in June 2026 to facilitate institutional minting and custody of USDC directly on Solana. The partnership lowers friction for large institutions that want exposure to Solana’s DeFi ecosystem without navigating the technical complexity of bridging from Ethereum.
It’s worth noting that gross issuance figures don’t equal net supply growth. Redemptions and burns happen constantly, which is why the circulating supply on Solana sits at $8 billion-plus rather than the tens of billions suggested by cumulative mint totals.
What the Ethereum-to-Solana shift means The June 29 event, where Circle minted $910 million on Solana while simultaneously burning $250 million on Ethereum, is perhaps the most telling data point of the year. Ethereum still holds the lion’s share of USDC supply, but Solana is gaining ground. Solana offers lower transaction fees and faster finality, which matters enormously when you’re settling hundreds of millions of dollars in stablecoin transactions daily.
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.
After an aggressive breakout that took Solana from about $76 to a local high of about $110 in less than two weeks, Solana is currently going through its first significant correction. With the asset currently trading close to $99.43, the psychologically significant $100 level is under immediate pressure.
Solana's strength is underestimatedSolana's overall technical structure is still much stronger than it was prior to the breakout, notwithstanding the correction. SOL successfully recovered the 200-day EMA, which is currently at $90.47. It is still significantly higher than the 50-day and 100-day averages, which are at roughly $83.47 and $82.17, respectively.
SOL/USDT Chart by TradingView HOT Stories
Additionally, the 20-day EMA has accelerated to $92.09. Because of this, the most crucial structural support in the event that $100 fails is the $90–$92 region. Instead of total invalidation, a correction in this area would still be considered a retest of the breakout. But momentum has drastically decreased.
You Might Also Like
After hitting extremely overbought territory during the rally, the RSI has dropped to roughly 62. If buyers stabilize the price, that normalization is beneficial, but further selling below $98 may pave the way for $95 and ultimately $92. On the plus side, before another attempt at the $110 local high becomes feasible, SOL needs to recover $102–$104.
A breakout above $110 might reopen the route toward $115–$120 and leave comparatively little immediate resistance. SOL is still technically bullish for the time being, but whether the market sees a shallow consolidation or a much deeper retest depends on the struggle for $100.
Hyperliquid is consolidatingFollowing one of its biggest rallies of the year, Hyperliquid is still consolidating near its recent highs. HYPE is currently trading at $81.57, which is between five and six percent below its most recent peak of $86 to $87. HYPE has not given up much ground, which is a significant distinction from many post-rally corrections.
Rather, the price has settled into a narrow range between $80 and $85, indicating that sellers have not yet been able to generate a significant reversal. Additionally, all of the chart's major moving averages are still significantly below HYPE.
HYPE/USDT Chart by TradingViewThe 50-day and 100-day averages are at roughly $63.98 and $62.83, respectively, while the 20-day EMA has risen to about $73.38. The 200-day EMA is still at $55.24, which is significantly lower. Strong momentum is confirmed by that separation, but if the current consolidation breaks, there is room for declines.
You Might Also Like
The immediate support is $80. If that level is lost, HYPE may move toward $77–$78, then the quickly increasing 20-day EMA at $73. On the other hand, holding onto $80 preserves the current bullish structure.
Without generating a bearish momentum reading, the RSI has cooled to about 64 from overbought territory, reducing some of the excess created by the breakout. The $86–$87 peak would come back into focus with a recovery above $84–$85. After overcoming that obstacle, $90 would be the next psychological target; if momentum increases once more, $100 could still be reached.
Zcash is stronger than others Despite starting to cool off following its most recent vertical expansion, Zcash is still in a very strong technical position. After a rally that raised the asset as high as roughly $880–$890, ZEC is currently trading at $811.
ZEC/USDT Chart by TradingViewThe breakout's magnitude is noteworthy. ZEC consolidated between $450 and $520 for the majority of August before quickly clearing $600 and then accelerating through $700 and $800. The breakout involved significantly more participation than the previous consolidation, as evidenced by the move's significant increase in volume.
On the other hand, the short-term outlook now indicates consolidation. ZEC has produced multiple large upper wicks as it has repeatedly failed to establish itself above the $850–$880 resistance zone. There are still buyers in the $780–$800 range, but neither side has taken firm control.
You Might Also Like
Additionally, momentum is normalizing. In contrast to the highly overbought readings during the initial breakout, the RSI has dropped toward 66.7. Without harming the larger bullish structure, this cooling can assist ZEC in building a stronger base. The first significant support is located between $775 and $780.
Below it, $750 becomes significant, and the quickly rising 20-day EMA around $703 comes next. Even if there was a significant correction toward $700, ZEC would still be well above its longer-term moving averages.
Bulls must eventually break the recent $880–$890 peak and recover $850 to continue. By doing this, the psychological $900 level would be activated right away, followed by $1,000. ZEC is still bullish for the time being, but consolidation around $800 is becoming more crucial following such a sharp rise.
Filecoin shines unexpectedly After months of being in a persistent downtrend, Filecoin is attempting to establish its first convincing short-term reversal. After a strong recovery from roughly $0.65, FIL is currently trading close to $0.77.
More significantly, the most recent move has pushed the price back above the 50-day and 20-day moving averages, with a current position between $0.716 and $0.717. The 100-day EMA in the vicinity of $0.774 is the immediate challenge.
FIL/USDT Chart by TradingViewThe $0.77–$0.80 region is the crucial technical barrier since FIL is currently actively testing this level. Buyers need an actual daily close above this area rather than another brief spike, because previous attempts to move above $0.80 during August were swiftly rejected. The recovery thesis has some backing from volume.
You Might Also Like
Recent upside sessions have seen a sharp increase in trading activity, indicating that the move is drawing participation rather than growing only from thin liquidity. Concurrently, the RSI has increased to about 58, providing FIL with positive momentum without putting it in overbought territory.
The path toward $0.85 could be opened by a confirmed breakout above $0.80, with the next significant structural obstacle being the much larger 200-day EMA around $0.93. If FIL fails at $0.77–$0.80, it would be open to another move toward $0.72.
The recovery would be significantly weakened if the moving-average cluster there were to give way, and $0.65–$0.67 would once again come into focus. Unlike ZEC, FIL has not yet confirmed a wider trend reversal, but it is exhibiting a respectable improvement.
A Solana-based cat-themed memecoin, Anonymous Cat (ZCAT), has distributed over $2.8 million worth of Zcash (ZEC) to its holders, thanks to a unique mechanism that rewards participants with ZEC generated from transaction fees. Both ZCAT and ZEC have recently experienced significant price appreciation, further boosting the value of these rewards.
ZCAT’s unique reward systemZCAT operates by charging a 3% fee on every sale of the token. These fees are pooled and then paid out as ZEC to holders who possess at least $20 worth of ZCAT in their wallets. This model stands out among memecoins for its integration of an external asset—Zcash—as the direct reward.
As of early Monday in Asia, approximately 2,320 ZEC (about $2.8 million at current prices) had been distributed to eligible participants. ZCAT relies on ongoing buy, sell, and transfer activity to generate rewards, making future ZEC distributions dependent on token holder engagement and overall trading volume.
Roughly 2,320 ZEC have been distributed so far, equating to $2.8 million at current prices, as recent gains in ZEC’s price have increased the value of payouts to ZCAT holders.
Unlike income-earning investments, ZCAT holders earn ZEC exclusively from transaction-based rewards. If trading activity diminishes, the value and amount of distributions can decline correspondingly.
Mini dictionary: Zcash (ZEC), a privacy-focused cryptocurrency, enables users to send transactions shielded from public view using zero-knowledge proofs called zk-SNARKs. It is widely recognized for its confidentiality features and is listed on numerous major exchanges worldwide.
Market performance and trading activityAt the time of publication, ZCAT traded at $0.132 with a market capitalization of $124 million and daily volume reaching $22 million. Over the weekend, the token attempted to breach the $0.19 resistance point but failed to sustain gains, pushing the price lower during the latest Monday trading session.
ZCAT is available for trading against ZEC on StonkFun, a Solana launchpad that allows new crypto projects to pair with assets other than SOL or major stablecoins. StonkFun is designed to foster innovation and expand trading options for Solana-based tokens.
Mini dictionary: StonkFun is a Solana-based launchpad that specializes in listing new cryptocurrency projects and enables token pairings with a variety of assets. It aims to provide innovative trading pairs outside typical baselines like SOL or stablecoins.
TokenCurrent PriceMarket CapDaily VolumeZCAT$0.132$124 million$22 millionZEC (rewards pool)Approx. $1,200——Rise of cat-themed memecoinsThe success of Anonymous Cat highlights the broader surge of cat-themed coins within the cryptocurrency sector. These memecoins frequently depend on active online communities and speculative trading as their engines of growth, rather than established business models.
Other notable projects in the trend include Cash Cat, developed alongside the introduction of Robinhood Chain in July. On this network, traders rapidly minted over 22,000 coins within a single day. Reports suggest that one user converted $800 into more than $1 million in just a week, underscoring the speculative interest in new blockchain ecosystems.
Grayscale, a leading digital asset management firm, also offers an exchange-traded fund (ETF) tracking the price of spot ZEC, available on NYSE Arca, providing traditional investors with exposure to Zcash’s market movements.
Analysts emphasize that future ZEC rewards for ZCAT holders will remain closely linked to the level of token trading activity. If demand and trading volume subside, the reward system could deliver lower payouts going forward.
The future size of Zcash rewards for holders of ZCAT will depend on whether active trading continues; reduced activity may lead to decreased payouts.
Solana price fell 1.4% on Sept. 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility.
Summary
Solana price fell from $106.46 to $104.97 after sellers defended the $107 resistance zone. SOL remains above its 20-, 50-, 100-, and 200-period averages on the 4-hour chart. Chaikin Money Flow dropped to -0.15, pointing to increased selling pressure. Liquidation liquidity is concentrated near $108, with another notable cluster around $103. Solana price retreats after $107 rejection According to data from crypto.news, Solana (SOL) price traded lower on Sept. 7 as buyers failed to push the token through a resistance cluster between $106.80 and $107.50.
SOL opened the daily session at $106.46 and rose to an intraday high of $106.80 before reversing. The token subsequently fell as low as $104.22 and closed at $104.97, representing a 1.4% daily decline.
The move kept Solana near the psychological $105 level, which now separates a renewed test of recent highs from a deeper pullback toward its short-term moving averages.
Price action on the 4-hour chart shows that SOL has entered a period of consolidation after a strong rally from around $75 in mid-August. The token reached approximately $110 on Aug. 28 before losing momentum and falling toward $98 at the start of September.
Buyers defended that correction and drove SOL back above $106, but repeated failures around $107 suggest that sellers remain active below the August peak.
Trading activity also appeared to weaken during the latest advance. Reduced participation makes it more difficult for buyers to absorb sell orders and can produce sharper moves around leveraged positions.
SOL remains above key moving averages Despite the daily decline, Solana continues to trade above all four moving averages shown on the 4-hour chart.
Solana price 4-hour chart — Sep. 7 | Source: crypto.news The 20-period simple moving average stands at $103.93, while the 50-period average sits slightly lower at $102.98. Those levels form the first important support area between $103 and $104.
SOL’s 100-period moving average is positioned at $101.26. A decisive 4-hour close below that level would weaken the current recovery structure and expose the psychological $100 mark.
The broader trend remains strong while Solana holds above its 200-period moving average at $89.21. A wide gap between the market price and that longer-term average reflects the scale of the rally that began in August, although it also leaves room for a larger correction if short-term support fails.
Solana price daily chart — Sep. 7 | Source: crypto.news Moving-average alignment remains bullish because the shorter averages are positioned above the longer ones. However, Chaikin Money Flow has fallen to -0.15, showing that selling pressure has exceeded buying pressure over the indicator’s measurement period.
Negative CMF readings do not confirm an immediate breakdown, but the divergence between price and capital flows suggests that the latest rebound lacks strong spot-market support.
Liquidation map puts $108 and $103 in focus CoinGlass’ 24-hour liquidation heatmap shows the largest nearby concentration of leveraged positions around $108.
Solana liquidation heatmap | Source: CoinGlass The bright liquidity band at that level could attract price if SOL recovers above $106 and breaks through the $107 resistance area. Such a move could force short sellers to close positions, potentially accelerating an advance toward $109 and the recent peak near $110.
Additional overhead liquidity appears around $108.80, $109.50, and $110. A sustained breakout above $110 would establish a higher high and support an extension of the August rally.
Downside liquidity is more dispersed. The closest notable clusters appear between $103 and $104, followed by another concentration around $102.50. A break below $104 could therefore trigger long liquidations and pull SOL toward the $102.98–$103.93 moving-average zone.
The $101.26 average would become the next technical defense if that area fails. Below it, $100 represents both a psychological level and the approximate base of Solana’s latest rebound.
Daily signals show momentum is cooling The daily chart presents a mixed outlook. Solana remains above its Supertrend support at $90.68, leaving the wider recovery structure intact despite the rejection from $109.
Aroon readings, however, show that near-term momentum has weakened. The Aroon Up indicator stands at 0%, while Aroon Down is at 21.43%. Neither reading signals a strong trend, but the lack of a recent high explains why buyers have struggled to extend the rally.
The chart places the next major Supertrend resistance near $110.68. SOL would need to close above that level to strengthen the bullish case and open a possible move into the $115 region.
A daily close below $100 would shift attention toward $95 and the Supertrend support near $90.68. That level also marks the point below which the broader bullish structure would face a more serious test.
Analysts see another Solana move developing Analyst Wayne Liang said Solana could begin another upward leg after the token’s roughly 45% rally from an earlier buy signal near $75 to a sell signal around $109.
We could see the next leg up for $SOL pretty soon.
Our initial buy signal (blue diamond) came in at ~$75.
After a 45% rally, the first sell signal (pink diamond) came in at ~$109.
It feels like we're about to see another BD soon… and I'll make sure you don't miss it. 🫡 pic.twitter.com/rEu2vNytVZ
— Wayne Liang (@wliang) September 6, 2026 Liang said his indicator may be approaching another buy signal, although the chart had not confirmed one at the time of the post. The analyst’s view supports a possible continuation scenario but depends on SOL maintaining its rising trend structure.
Team LAMBO Charts separately described the $70–$95 range as an accumulation zone preceding an expansion phase. However, the post said SOL was already above $140, a figure that conflicts with both the attached chart and the observed market price near $105. The broader accumulation-to-expansion interpretation may still apply, but the stated price cannot be treated as current.
For US traders, expectations around Federal Reserve policy remain an external risk for SOL and other high-beta crypto assets. Higher-for-longer interest rates generally reduce demand for speculative assets, while any shift toward easier financial conditions could improve the backdrop for an upside breakout.
In the short term, $103–$104 is the main support zone, while $107–$108 remains the first barrier. Whichever side breaks first could determine whether SOL retests $110 or returns toward $100.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
It appears that liquidity is becoming a theme for Solana’s Q4 cycle.
Despite closing out August with a 41% rally, one of the best performers among high-cap assets, Solana’s fundamentals have started September on a bearish note.
The biggest concern has been Robinhood Chain flipping Solana in daily DEX volume, adding further pressure on Solana’s liquidity narrative.
However, there may be one vital change ahead. As the post below highlights, memecoin liquidity appears to be flowing from Robinhood Chain to Solana.
From a technical standpoint, Solana’s ZCAT has surged 500% in 24 hours to a $140 million market cap, making it the second-largest cat-themed memecoin behind Robinhood’s CASHCAT.
Source: X Notably, the timing could not be better.
The experts are already talking about a potential memecoin supercycle, with Dogecoin [DOGE] having already climbed more than 8% this month.
As the largest memecoin by market value, DOGE’s rapid rise could be a harbinger of things to come, suggesting that liquidity is returning to the memecoin space. If this trend continues, then the memecoin ecosystem on Solana would be one of the primary beneficiaries.
This is where Robinhood flipping over Solana [SOL] in DEX volume begins to matter. While memecoins liquidity appears to be rotating towards Solana, Robinhood is already outperforming in overall trading activity.
So, if the rotation picks up, does it make Solana’s rally heading into Q4 more speculative?
Solana’s Q4 cycle faces a key test One trader’s trade is enough to show you how much FOMO there is in the memecoin market right now.
According to SolanaFloor, one trader turned $196 into $396k on Solana, scoring a 201,900% gain on ZCAT as it surged to an $80 million market cap. The trader has already cashed out $149k while still holding around $247k in unrealized gains.
However, that enthusiasm appears to be taking place “off-chain.” As the chart below shows, the memecoin dominance as a % of the total altcoin market cap has hit the lowest level since the start of the year.
It indicates that memecoins are at their lowest level of popularity, despite their recent “pop” in the media.
Source: CryptoQuant In this context, the recent memecoin surge could become a double-edged sword.
With liquidity being consolidated within only a few Solana memecoins, broad-based selling pressure could easily spread across the sector. Meanwhile, Robinhood’s entry as a major force in the overall on-chain activity adds another layer of complexity for SOL’s liquidity narrative.
Consequently, this puts Solana at a key inflection point. If the memecoin liquidity continues to rotate into the ecosystem, it could fuel another speculative wave in Q4. But if the spot doesn’t pick up, the road ahead could get riskier for SOL.
Final Summary Memecoin liquidity could fuel Solana’s Q4 rally, but concentrated flows also raise downside risk. If Spot demand fails to pick up, SOL’s Q4 setup could become increasingly speculative.
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 is trading near $105 after staging a recovery from its summer lows, reigniting optimism among traders about a continued rally. The combination of a long-term chart breakout, rising derivatives activity, and concentrated liquidity above the market is providing bullish traders with clearer targets in the weeks ahead.
Weekly breakout highlights $170 as next major targetSolana’s weekly chart shows the price emerging from a prolonged consolidation that was shaped by a rising multiyear support line and a downward-sloping resistance level from the 2025 highs. The recent rebound pushed SOL above the declining trendline, reinforcing the bullish technical outlook for the market.
A chart shared by trader Don identifies $170 as the next significant price objective for bulls. Don described the move succinctly, remarking that SOL “wants $170,” summarizing the prevailing optimistic outlook among some traders.
Don’s analysis points to $170 as the next significant upside objective for Solana, with longer-term resistance placed at $280.
At the time of writing, Solana was priced around $105.56, posting a gain of 0.8% over the previous 24 hours, according to data from CoinMarketCap. The $170 target stands roughly 61% above the current price, indicating that a breakout would need further confirmation before such levels come into focus.
Momentum has started to improve, with the weekly relative strength index rising to approximately 60. This level sits above the neutral 50 mark, but remains comfortably below the overbought threshold of 70.
The bullish case stays intact so long as SOL maintains its position above the recently broken trendline. However, a drop below that level could weaken the setup and potentially initiate a new consolidation period.
Liquidity clusters and derivatives positioningAnalysis of derivatives markets provides further insight into potential price action. The liquidation heatmap indicates a pronounced concentration of liquidity around the $145–$150 level, which lies above SOL’s current price.
These liquidity zones can serve as magnets for price movements, as large concentrations of leveraged positions carry the risk of forced liquidations if prices rise into their stop-out levels. While these areas are not guaranteed targets, they often become focal points of increased volatility whenever approached.
Above the $150 region, the heatmap also identifies additional liquidity at $180–$200 and a more substantial concentration between $240 and $250, aligning with the longer-term bullish structure that points toward the $280 resistance zone.
On the downside, notable liquidity remains in the $60–$70 price range, underscoring the risk that a sharp reversal could quickly erode the bullish narrative if the breakout fails.
Recent data also show that Solana derivatives traders are rebuilding positions after a previous reduction in overall leverage. Open interest in Solana derivatives has recovered, reaching an estimated $6 billion to $7 billion, after spending much of the prior period near $4 billion to $5 billion. Open interest remains well below its all-time peak near $17 billion.
Increasing open interest, especially when paired with a rising underlying price, can signal renewed participation and growing sentiment among market participants. However, it is important to note that open interest reflects exposure from both longs and shorts, meaning that volatility can increase in either direction when leverage builds up.
In the near term, the $145–$150 region appears as the first major upside test for Solana. A convincing break above this area could pave the way for a move toward Don’s $170 target. Sustained strength beyond that level may attract further attention to higher resistance levels closer to $280.
Mini dictionary: Liquidation heatmap, a chart that displays areas where large concentrations of leveraged trading positions are likely to face forced closure if price moves to certain levels, often used by traders to identify zones of potential high volatility.
Solana is targeting September 9 for Transaction v1, a new format that raises the maximum serialized transaction size from 1,232 bytes to 4,096 bytes.
Summary
Solana plans to raise maximum transaction size from 1,232 bytes to 4,096 bytes Wednesday mainnet. Transaction v1 remains optional, while legacy and v0 formats continue operating under existing size limits. Applications reading blocks must support version one or risk errors when encountering the new format. V1 removes address lookup tables and stores resource limits directly within each transaction’s configuration metadata. Solana’s official roadmap labels mainnet activation pending, making the September 9 schedule potentially changeable still. The increase gives developers about 3.3 times more transaction space. Solana’s official roadmap says the additional capacity can accommodate zero-knowledge proofs, large multisignature operations, batches and some onchain signature schemes.
Large operations previously had to be divided into several transactions when their instructions, signatures and account information exceeded the 1,232-byte ceiling. That process added complexity because one transaction could succeed while another step failed.
Transaction v1 could let developers combine more of those instructions into one atomic operation. Either every instruction succeeds or the entire transaction fails. The model could benefit trading routes, confidential transfers, cross-chain operations and applications processing complex cryptographic proofs.
The upgrade does not raise Solana’s limit of 64 referenced accounts per transaction. Applications can include more data and instructions, but they cannot automatically interact with more accounts.
Solana to triple transaction size as apps get room for more complex trades
The Solana smart contract blockchain is targeting Wednesday to increase the maximum transaction size from 1,232 bytes to 4,096 bytes, giving developers more than three times as much room to fit… pic.twitter.com/A3TNInOEdG
— Tony (@Crypto_Tony07) September 7, 2026 Existing Solana transactions will remain valid Transaction v1 is optional. Wallets and applications can continue sending legacy and v0 transactions under the existing 1,232-byte limit. Users do not need to migrate tokens, exchange SOL or complete a claim before activation.
Developers must deliberately adopt the new format to access its larger capacity. The Solana documentation identifies three supported formats: legacy, v0 and v1. Each format organizes account addresses and resource limits differently.
The v0 format uses Address Lookup Tables, or ALTs, to represent account addresses through compressed one-byte indexes. V1 removes ALTs and places complete 32-byte account addresses directly inside the transaction.
This creates a trade-off. V1 provides a larger overall envelope, but applications that rely heavily on lookup tables may spend more bytes representing the same accounts. Solana’s technical analysis found that 90% of sampled transactions would add fewer than 1,400 bytes when converted from v0 to v1.
Infrastructure providers must update their software The main compatibility risk applies to services that read blocks and transactions. Remote procedure call providers must set their maximum supported transaction version to one. Otherwise, requests could fail when they encounter a v1 transaction.
Indexers, explorers and analytics services must also change how they retrieve resource limits. Legacy and v0 transactions place compute limits and priority-fee settings inside ComputeBudget instructions. V1 stores them in a dedicated transaction configuration.
Outdated services could therefore display incorrect information. For example, an explorer might show a zero priority fee even though the user paid one. Fee sponsors and applications that check transaction limits must read the new configuration rather than scan old-style instructions.
Applications sending v1 transactions must explicitly set compute-unit and loaded-data limits because both default to zero. Developers should test transaction construction, signing and decoding before moving production traffic to the format.
September 9 remains a targeted activation date Solana Foundation Vice President of Technology Jacob Creech identified September 9 as the planned mainnet date. As crypto.news previously reported, the upgrade is included in Anza’s Agave 4.2 rollout.
However, the official roadmap still labels the mainnet feature as “not activated.” It also says Anza’s release schedule is “tentative and subject to change.” Testnet and devnet have already activated the feature, according to the latest Foundation status page.
The size increase comes from SIMD-0296, while SIMD-0385 defines the v1 format. Jacob Creech and Andrew Fitzgerald co-authored both proposals.
The 4,096-byte ceiling was selected partly because four kilobytes matches a common memory-page size used by validator hardware. Larger transactions will also consume additional bandwidth, although the upgrade introduces no separate fee charged per byte.
Transaction v1 remains separate from Solana’s rent reductions, shorter slot targets and Alpenglow consensus redesign. In related coverage, crypto.news reported that Alpenglow targets approximately 150-millisecond finality, with October remaining a development target rather than a guaranteed activation date.
Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana’s high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Willemstad, Curaçao, 7th September 2026, PlayNewswireBy playnewswire
3 min read
Create an account to save your articles.
Add on Google
Add Decrypt as your preferred source to see more of our stories on Google.
Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana's high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Solana is back on top of the memecoin food chain, and it’s not particularly close.
For the week ending August 26, Solana commanded roughly 85% of combined memecoin trading volume across five major crypto ecosystems, pulling in $5.2 billion in weekly activity. That’s Solana’s highest memecoin volume since November 2025.
Robinhood Chain, the scrappy newcomer that briefly threatened Solana’s memecoin throne, managed $389 million during the same stretch. Solana processed more than 13 times Robinhood Chain’s memecoin volume in a single week.
How Robinhood Chain lost its momentum Robinhood Chain launched its mainnet on July 1, 2026, and came out swinging. The chain’s early days were dominated by memecoin activity, with the sector accounting for approximately 79% of its total DEX activity at launch.
Advertisement
The initial surge was fueled partly by hype around Robinhood Chain’s tokenized-stock features and launchpad platforms like Pons, which drove speculative interest to the new chain. For a brief window in August, Robinhood Chain even led Solana in daily meme trading volumes on certain days.
Robinhood Chain’s memecoin volume of $389 million represented about 20.8% of its total spot volume for the week.
Solana’s infrastructure advantage Solana’s overall DEX volumes averaged $3.01 billion daily during this period, compared to Robinhood Chain’s $510.8 million.
Solana’s memecoin volume of $5.2 billion weekly represented about 25% of its total DEX volume, which sat around $21.2 billion for the week.
Tools like Pump.fun, Solana’s memecoin launchpad, give the chain a structural advantage. When traders want to create, discover, and trade new tokens, they gravitate toward the platform where the liquidity already lives.
The broader battle for speculative capital Robinhood Chain’s approach of blending tokenized stocks with memecoin speculation managed to pull genuine activity away from Solana, even if only temporarily. The daily fluctuations throughout the month, where Robinhood Chain occasionally grabbed the lead before losing it again, indicate that traders were willing to experiment but ultimately returned to where the deepest pools of liquidity sat.
For Solana, the August data showed that ecosystem maturity and infrastructure depth still matter: daily DEX volumes were nearly six times larger than Robinhood Chain’s, its memecoin tools remained the industry standard, and its user base proved remarkably loyal after reclaiming 85% market share.
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.
OpenAI’s Chief Scientist warns that AI is advancing too rapidly, saying “extreme caution” is needed now.
Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.
Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.
16 minutes ago
The Hunter Biden-linked meme coin LAPTOP warns the community to beware of counterfeit tokens and malicious links.
Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.
16 minutes ago
Markets currently view the probability of the Republican Party securing a landslide victory in the midterm elections as low as just 11%.
According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.
16 minutes ago
Liquid's white hat hacker has returned 3,400 BTC, while approximately 600 BTC remains to be returned.
The "white hat hacker" who attacked the Liquid network and stole approximately 4,000 BTC has returned around 3,400 BTC to the Liquid Federation, with roughly 600 BTC still outstanding. The repayment stems from earlier on-chain communication, where the address claiming to be the white hat hacker stated it would return the stolen Bitcoin once Blockstream patched the vulnerability. The incident remains under active development. Notably, during prior discussions with Blockstream, the Liquid white hat hacker pledged to return "most" of the 4,000 BTC, not the full amount; the unreturned funds are likely intended as a bounty.
16 minutes ago
The Biden Meme coin has cooled the crypto market, with investors fearing it may repeat the same fate as the TRUMP Meme coin.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
