Real Trump Coins said it had no role in launching, promoting, or authorizing Trump Digital GOLD, distancing itself from the Solana-based token after it appeared across its online presence and subsequently collapsed.
In an X post on Saturday, Real Trump Coins attributed the promotion to “third-party bad actors” and said authorities were involved as it worked to determine what had happened.
Lookonchain Flags Concentrated GOLD Holdings Blockchain analytics platform Lookonchain reported that, before the sell-off, 82.45% of GOLD’s total supply was held across the developer wallet and newly created addresses.
The firm also said 15 of those wallets, which it identified as being associated with the team, subsequently offloaded their tokens for about $330,000, booking an estimated profit of $312,000.
Meanwhile, questions over the token’s promotion centered on its appearance across multiple Real Trump Coins online platforms. For context, on Saturday, GOLD appeared in promotional posts on the company’s X account, which pointed users to RealTrumpCoins.com. The website also featured the token. However, the X posts were later deleted.
Crypto observer Rune subsequently questioned how both the X account and the domain could have been compromised.
Real Trump Coins Domains Raise Further Questions The Real Trump Coins X account now links to TrumpCoins.com, a separate domain. However, the account had directed users to RealTrumpCoins.com as recently as Aug. 25 in a post that remained online at the time of publication.
RealTrumpCoins.com also continued to display the GOLD promotion at the time of publication.
Separately, Trump continued to follow the Real Trump Coins X account, one of 53 accounts he followed on the platform.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
More than 313,000 tokens were created on Solana launchpads in a single week, the highest weekly total the network has seen in roughly 19 months. The so-called “trenches” are back.
For the uninitiated, “trenches” is crypto shorthand for the chaotic, high-speed environment where brand-new tokens are launched, traded, and mostly forgotten within hours.
Pump.fun still runs the show The overwhelming majority of these token launches originated on Pump.fun, the platform that has dominated Solana’s memecoin launchpad scene since its debut in early 2024. The platform uses bonding curve mechanics to let anyone create and launch a token with minimal friction.
Other platforms exist in the space. Bags, BONKfun, and Moonshot each contribute smaller slices of the overall launch volume.
Pump.fun has generated hundreds of millions in revenue since launch. Each launch generates fees regardless of whether the token survives its first hour.
The graduation rate for tokens launched on these platforms tells the real story. Roughly 1% or fewer of newly created tokens achieve any meaningful sustained liquidity or trading activity. That means of those 313,000 tokens launched last week, the vast majority will never see a second week of meaningful life.
Trading volume tells a parallel story The token launch surge didn’t happen in isolation. Solana’s memecoin spot trading volume hit $5.2 billion in a recent week, the strongest reading since late 2025.
All of this on-chain activity has tangible effects on the Solana network itself. Every token launch, every trade, every failed graduation attempt generates transaction fees.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
US spot Solana ETFs just had their best week of 2026, pulling in over $153 million in net inflows as institutional appetite for the asset class continues to accelerate. The surge was punctuated by a single-day peak of $60.91 million on August 27, the third-highest daily inflow since these products first hit the market last October.
Daily trading volume across the category hit $196.82 million on the same day.
Bitwise’s BSOL is running away with the category Bitwise’s BSOL, a Solana staking ETF that offers investors yield on top of price exposure, captured $40.2 million on August 27, roughly 66% of all inflows that day.
That performance pushed the fund past a milestone: $1 billion in assets under management for the first time. BSOL is estimated to hold around 9.3 million SOL tokens, with cumulative inflows sitting between $1.01 billion and $1.03 billion. That means a single fund accounts for approximately 77-80% of all capital that has ever flowed into the entire US spot Solana ETF category.
Nine spot Solana ETFs now trade in the US, issued by names like Grayscale (GSOL), Fidelity (FSOL), Morgan Stanley (MSOL), VanEck (VSOL), and 21Shares (TSOL). Most of these products incorporate staking options, giving holders a way to earn yield rather than simply sit on spot exposure.
The entire category’s total AUM now stands at roughly $1.49 billion, with cumulative net inflows exceeding $1.3 billion since launch.
August is shaping up as a landmark month Cumulative inflows for August 2026 surged past $174 million with two trading days still remaining, making it the strongest month of the year for Solana ETFs.
The US spot Solana ETF market came into existence on October 28, 2025, after the SEC relaxed its rules around crypto fund listings. In less than a year, the category has grown from zero to nearly $1.5 billion in managed assets.
The staking component appears to be a meaningful differentiator. Unlike Bitcoin ETFs, which can only offer pure spot exposure, Solana’s proof-of-stake architecture allows ETF issuers to generate yield for investors. A Solana staking ETF effectively turns SOL into something closer to a yield-bearing instrument.
With BSOL alone holding an estimated 9.3 million SOL, that’s a meaningful chunk of tokens effectively removed from the tradeable float, strengthening network security and reducing circulating supply simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Charles Schwab is expanding its crypto platform beyond Bitcoin and Ethereum, adding support for Solana, Avalanche, and Chainlink exposure, according to validated platform materials.
The move is notable because Schwab is not a crypto-native exchange. It is one of the largest brokerage names in US finance, and its product decisions can shape how traditional investors access digital assets.
The expansion suggests that regulated investor demand is moving beyond the two largest crypto assets.
Bitcoin and Ethereum remain the core institutional products. But Solana, Avalanche, and Chainlink are now being treated as liquid enough, recognizable enough, or strategically relevant enough to enter the next layer of brokerage crypto access.
For more details, visit the official Schwab platform.
TL;DR Charles Schwab is expanding crypto access beyond Bitcoin and Ethereum. Solana, Avalanche, and Chainlink are being added to the platform. The move should not be described as a spot ETF launch or custody approval unless Schwab’s materials say so. Why Schwab Matters Schwab brings traditional-market credibility.
When a major brokerage expands crypto access, it can lower the barrier for investors who do not want to use offshore exchanges, self-custody, or complex wallet setups. That matters because many investors prefer familiar account infrastructure.
Schwab’s move also helps normalize crypto as a broader asset class.
Bitcoin and Ethereum were the obvious starting points. Adding more assets suggests the platform sees demand for exposure beyond BTC and ETH.
That is a meaningful shift.
Solana, Avalanche And Chainlink Offer Different Narratives The three added assets are not interchangeable.
Solana is a high-throughput smart contract network with a large retail and DeFi ecosystem. Avalanche has focused heavily on subnets, institutional deployments, and tokenized asset infrastructure. Chainlink provides oracle and cross-chain data services used across many crypto applications.
Together, they give investors exposure to different parts of the digital asset market.
That may be the point. A broader platform can let investors express views on smart contracts, tokenization, infrastructure, and cross-chain data rather than only holding the two largest assets.
Not The Same As ETF Approval The distinction is important.
Platform support does not mean the SEC has approved spot ETFs for all three assets. It does not necessarily mean Schwab is offering direct custody in every possible sense. The exact product structure matters.
Investors need to understand whether they are trading spot crypto, accessing exposure through a specific wrapper, or using another product type.
The headline is access expansion. The details determine what kind of access.
Brokerage Distribution Could Shape Altcoin Demand If major brokerage platforms keep expanding crypto menus, the altcoin market could change.
Many investors currently access smaller crypto assets through exchanges. Brokerage access could bring a different kind of buyer: retirement-account investors, advisory clients, portfolio allocators, and retail traders who prefer traditional platforms.
That may increase liquidity and visibility for supported assets.
But it may also create a sharper divide. Assets supported by major brokerages could gain legitimacy, while unsupported tokens may remain more purely crypto-native.
The Clean Read Schwab’s expansion is another sign that crypto access is moving into mainstream financial platforms.
Bitcoin and Ethereum are no longer the whole conversation. Solana, Avalanche, and Chainlink are being pulled into the next wave of brokerage-supported digital asset exposure.
The move does not settle regulatory questions. It does not guarantee demand. It does not turn every altcoin into an institutional asset.
But it does show that one of the biggest names in brokerage is willing to widen the digital asset menu.
That matters for the market’s next phase.
This article is based on Charles Schwab platform materials and related public information.
This article was written by the News Desk and edited by Samuel Rae.
Among high-cap assets, Solana has hands down led the rotation this month with a 40% rally, its best monthly performance since the 2024 post-election cycle.
Notably, the altcoin has also outperformed Ethereum on a relative performance basis, with the SOL/ETH ratio up over 7% during the same period.
Zoom out, though, and the picture changes. As the chart below shows, the SOL/ETH ratio is still down over 10% on a quarterly basis, as the 55% surge in Ethereum beats the 40% jump in SOL.
With September fast approaching, the focus turns to whether Solana can maintain this trend and close the performance gap against Ethereum before Q3 ends.
Source: TradingView (SOL/ETH) From a market’s perspective, though, the setup isn’t fully bearish.
Prediction markets are currently pricing in over 50% probability for SOL to reach $140 by year-end. That would mean roughly a 50% move from current levels. Considering SOL’s Q3 underperformance and its ongoing battle with the $100 resistance zone, $140 may look like a stretch.
But if SOL can break above $100 and sustain its recent momentum, the year-end target becomes far more plausible.
According to AMBCrypto, this is the point where Solana’s [SOL] major on-chain metrics come into play.
Solana’s August rally gets fundamental backing A key “convergence” is fueling optimism around SOL’s prospects through the year-end.
Crucially, the on-chain data validates the bullish thesis, with the network processing an average of 2,100 transactions per second, up 3x higher than the figure recorded in January. Moreover, the DEX activity is also gaining momentum.
On Friday alone, $3.15 billion worth of transactions were settled on Solana’s DEXs, representing over 40% of total DEX trading volume across blockchains.
The momentum is also starting to pick up in terms of institutional flows. The chart below shows that Solana ETFs posted their best weekly inflows of 2026, with over $150 million flowing in during the final week of August.
Put together, stronger network activity, rising DEX volume, and a surge in ETF inflows point to the fact that SOL’s recent rally is being driven by on-chain demand and institutional flows.
Source: SoSoValue According to AMBCrypto, this “convergence” is what adds up to the bullish case of Solana.
If this pattern continues, it is likely that the SOL/ETH pair will continue to climb during September, thus allowing Solana to overcome the performance gap of Q3. Hence, the current setup suggests SOL’s August strength still has more room to run.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure.
Why Crypto Can Go "Sideways/Up"“Nothing’s really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC’s weekly chart has barely deteriorated following one of its strongest recent upside impulses.
He argued that traders calling for an immediate return toward $70,000 to $72,000 may be overlooking the importance of momentum.
DonAlt expects Bitcoin to move "sideways slash up" unless reclaimed support breaks, with a deeper pullback likely leading to prolonged consolidation.
Trending
The $75,000 to $76,000 region represents Bitcoin’s first significant test.
Bitcoin could still retreat toward around $72,000 to $73,000 without destroying its weekly structure, according to DonAlt.
However, a monthly close below roughly $73,000 would be a more significant warning that the rally was simply a bounce into resistance.
Ethereum’s $4,000 Target, Solana Breakout IntactDonAlt is even more constructive on Ethereum, calling its technical structure one of the strongest among major cryptocurrencies.
"The more I look at this, the more bullish it seems to me," he said.
The trader sees $2,300 as key Ethereum support, with a break potentially leading to $2,100-$2,200 and extended consolidation. If $2,300 holds, he sees the breakout intact with $4,000 as a potential target.
On the other hand, Solana surged out of its previous range and approached DonAlt’s $125 target before pulling back. Despite the retreat, it remains above its important breakout region around $96.
A return below that area would weaken the setup, while the larger bullish thesis would face a more serious challenge closer to $80 to $81.
He highlighted Solana’s recent shift from a low to a higher low followed by a sharp upside impulse as materially different from its behavior during the preceding bear market.
Solana is navigating a crucial technical phase as its recent bounce encounters strong resistance just below a key price band. The digital asset’s ability to break through this ceiling will be decisive in confirming whether it is preparing for a new upward move, while ongoing consolidation keeps traders attentive to vital support levels.
Current technical position and price actionAt the time of publication, Solana (SOL) trades at $102.04 after falling 1.87% over the past 24 hours. The token, which currently represents 2.30% of the entire crypto market, reports a market capitalization of $60.29 billion and 24-hour trading volume of $7.08 billion.
Despite its slight daily decline, SOL is maintaining support within the $94.50–$95.50 range. This zone is being closely monitored by market participants as an essential buffer for sustaining the ongoing bullish structure on Solana’s price chart.
SOL continues to build on recent gains but is consolidating below the $110.15–$109.63 resistance, with technical structure hinging on its ability to stay above the $94.50–$95.50 support area.
Resistance levels and upside targetsThe immediate resistance for Solana sits between $109.50 and $110.50. Analysts argue that a strong daily close above this level could bolster confidence among buyers and set the stage for a drive higher. If Solana breaks through $110, the next technical target is set around $112.50.
Technical analysis from More Crypto Online indicates that the move up from the June lows has been corrective, potentially representing the end of a Wave (4) pullback within a larger Elliott Wave structure. In this scenario, Wave (5) would target $116.50, provided SOL maintains momentum and confirms a breakout above the resistance region.
Mini dictionary: Elliott Wave — A technical analysis theory that suggests market prices move in predictable patterns called ‘waves’, often used to forecast potential future price movements.
However, should buyers fail to hold above the $94.50–$95.50 support, Solana risks losing its bullish setup and could revert to sideways trading between support and resistance boundaries.
LevelPrice RangePotential ActionSupport$94.50–$95.50Holds bullish structureImmediate Resistance$109.50–$110.50Key breakout for further gainsUpside Targets$112.50 / $116.50Wave (5) objectiveOutlook and market implicationsIf Solana decisively breaches the $109.50–$110.50 resistance, technical projections suggest that attention could quickly shift toward the next resistance bands, with $112.50 and $116.50 acting as short-term targets. On the downside, remaining below $95 would signal a waning bullish momentum, potentially increasing the likelihood of consolidation or further losses.
Traders remain alert for a confirmed breakout, as this could provide a clear direction for Solana’s next major move.
The most important week in Solana’s history is about to begin, and Jacob Creech, Vice President of Technology at the Solana Foundation, has released the announcement the Solana community has been eagerly awaiting.
Summary
Solana is preparing a series of network upgrades covering transaction costs, block times, transaction capacity and validator infrastructure. Transaction V1 is scheduled to launch on September 9, while the Alpenglow consensus upgrade is expected to reach mainnet in October. ASDeFi claims SOL holders can earn returns through cloud mining contracts without operating validators or purchasing mining hardware. The platform advertises several fixed term contracts with different investment amounts and projected returns, alongside support for SOL and other cryptocurrencies. Solana is about to enter a period of intensive technical upgrades: The first phase of gas fee reductions will begin this week, followed by the launch of Transaction V1 on September 9. Block times will continue to be reduced, the Alpenglow consensus upgrade will be rolled out in October, and the community is set to come together at the “Scale or Die” conference in November. Solana’s development will take on a whole new look from this point forward.
A series of upgrades will reshape Solana’s infrastructure in several areas, including cost, transaction capacity, confirmation speed, and validator architecture. However, technical upgrades do not necessarily mean that the price of SOL will rise; ultimately, this depends on developer adoption, user growth, and genuine on-chain demand.
For ordinary investors, however, in addition to keeping an eye on the evolution of public blockchain infrastructure, it is equally important to consider how to maximize the efficiency of their Solana assets. ASDeFi addresses this need by offering an automated yield mechanism that allows users to access potential returns on their Solana assets without having to run their own validators or wait for public blockchain upgrades.
Solana is accelerating its infrastructure upgrades, while the asset efficiency sector is also evolving in parallel. In the future, what will truly be worth watching may not just be which blockchain is faster, but rather which one can enable users and assets to create more tangible value.
ASDeFi: Continuously accumulate SOL without upgrades From the V1 trading upgrade on September 9 to the Alpenglow mainnet, which is expected to launch in October, Solana is undergoing a major technical upgrade. For ASDeFi users, you can continue to accumulate rewards through cloud mining without having to wait for blockchain upgrades, validator registration, or governance processes. At the same time, ASDeFi has integrated with the Solana ecosystem, including SOL payments and the listing of related tokens on Orca DEX, so its cloud mining business complements the Solana upgrade.
ASDeFi: How it works Founded in 2020 and headquartered in the United Kingdom, AS DeFi is a cryptocurrency asset service platform specializing in AI-powered cloud mining. Through an AI-driven computing power scheduling system, it combines green-energy mining facilities with automated yield management to enable round-the-clock automated operation. Users can start mining cryptocurrency without having to purchase mining equipment or bear the costs of equipment maintenance, electricity, or complex technical management.
How do I join ASDeFi? 1. Go to register a cloud mining account: https://asdefi.com
Enter your email address and password to create an account. You’ll receive a $15 bonus upon registration, and a $0.60 bonus for logging in every day.
2. Deposit cryptocurrency
The platform supports deposits and withdrawals of more than a dozen cryptocurrencies, including SOL, XRP, BTC, ETH, DOGE, BNB, and USDT.
3. Purchase hashrate contracts
Purchase a $15 contract. The platform also offers a variety of hashrate contracts; choose one with the return that best fits your investment budget.
Examples of common contracts: Check-in Contract: $15 — 1-day cycle — Total profit of approximately $15.6
Introductory Contract: $100 — 2-day cycle — Total profit of approximately $108
Basic Contract: $1,000 — 10-day cycle — Total profit of approximately $10,140
Stable Contract: $6,000 — 20-day cycle — Total profit approximately $8,040
Stable Contract: $30,000 — 30-day cycle — Total profit approximately $47,100
(For more contract details, please visit the official website.)
4. Start mining and earn rewards
Once the contract purchase is complete, the platform automatically allocates computing power resources, and the system begins running. You can view your earnings in real time on your phone and withdraw them to your wallet at any time.
Summary With upgrades such as Transaction V1 and Alpenglow rolling out, Solana continues to optimize transaction efficiency, confirmation speeds, and network infrastructure. For investors, while keeping an eye on the technological advancements of public blockchains, there are also opportunities to explore new possibilities in terms of asset efficiency and participation methods.
ASDeFi offers SOL holders a way to participate without having to purchase mining equipment themselves, through cloud mining and automated computing power management. As blockchain infrastructure continues to upgrade, the integration of technological innovation with asset use cases will remain a key focus for the market.
For more details, visit: https://asdefi.com
Download the app: https://asdefi.com/xml/index.html#/app
Solana price traded near $102.50 on Aug. 31 after retreating from a weekly high of $110.04, but its daily and 4-hour charts show that the broader August breakout remains intact above $100.
Summary
Solana price gained 4.2% from Aug. 25 through Aug. 31 despite falling 6.8% from its weekly high. Daily RSI cooled to 68.43 after moving above 70 during the late-August rally. 4-hour Supertrend support sits at $100.95, making $100 the main short-term level for bulls. Liquidation clusters near $100.50 and $104–$105 could amplify Solana’s next move. Solana price cools after reaching $110 According to data from crypto.news, Solana (SOL) price opened Aug. 25 at $98.56 and rose to an intraday high of $110.04 on Aug. 27, producing an 11.6% advance in less than three days. Its price subsequently pulled back to around $102.50 on Aug. 31, reducing the weekly gain to roughly 4.2%.
The retreat followed a much larger recovery from Solana’s early-August low near $71. From that level to the weekly peak, SOL gained approximately 55%, leaving the token vulnerable to profit-taking as traders approached the end of the month.
Solana’s daily chart shows that the rally pushed the price above the upper Bollinger Band before sellers emerged near $110. The token remained above the indicator’s middle band at $90.36, while the upper and lower bands stood at $114.36 and $66.36, respectively.
Solana price daily chart — Aug. 31 | Source: crypto.news A move beyond the upper band often reflects strong momentum, but it can also indicate that price has advanced faster than its recent volatility range. SOL’s return inside the band therefore points to cooling momentum after the breakout rather than confirmation of a broader bearish reversal.
The daily Relative Strength Index supports that reading. RSI reached overbought territory during the rally but had fallen to 68.43 by Aug. 31. Its moving average remained higher at 77.14, showing that momentum was easing after the rapid advance.
The $100 level is Solana’s immediate technical test Solana’s 4-hour chart places the Supertrend support at $100.95, just below the market price. SOL has remained above the indicator since its breakout from the mid-$70 range, and the Supertrend has continued to signal an upward short-term structure.
Solana price 4-hour chart — Aug. 31 | Source: crypto.news The position leaves the $100–$101 area as the first line of defense. A sustained close below that range would weaken the 4-hour setup and could send the price toward $97.50, followed by the previous breakout region between $92 and $95.
Selling pressure has already started to appear in the Chaikin Money Flow indicator. 4-hour CMF stood at minus 0.07, showing that capital flow had shifted slightly negative as SOL retreated from $110.
The reading is not deeply bearish, but it indicates that buyers have yet to regain the strength seen during the breakout. A CMF recovery above zero, combined with SOL holding over $100.95, would provide firmer evidence that the pullback has run its course.
On the upside, initial resistance lies between $104 and $105, where several recent rebounds stalled. Clearing that area would expose $107.50 and the Aug. 27 high at $110.04. A daily close above $110 could then bring the upper Bollinger Band near $114.36 into focus.
Liquidation map puts SOL between two leverage zones CoinGlass’ 24-hour liquidation heatmap shows Solana trading between concentrated leverage levels on both sides of its price.
Solana liquidation heatmap | Source: CoinGlass The strongest nearby downside cluster appears around $100.50–$101. A drop into that zone could trigger leveraged-long liquidations, potentially accelerating a break below the 4-hour Supertrend support.
Additional liquidity is visible below $100, particularly around $99 and $97.50. Those levels could become relevant if sellers force a decisive loss of the psychological $100 mark.
Above the market, liquidation concentrations appear near $104–$105, followed by larger clusters around $107.50–$108. A rebound through those areas could force short positions to close and add momentum to another attempt at $110.
The heatmap does not predict which side will be reached first. It instead identifies areas where leveraged positions are concentrated, meaning price volatility may increase if SOL moves into either cluster.
Analyst sees a larger Solana breakout forming Analyst Gerla said on Aug. 31 that Solana had broken a downtrend that had lasted for roughly one year and was beginning to establish a higher-low structure.
“If this reaccumulation holds, I’m watching the $100 area first, then $300+ as the next major expansion zone.”
The chart shared by Gerla treats $100 as the base of a longer-term recovery rather than an immediate upside target. Her projection requires SOL to hold its reclaimed range and continue forming higher highs and higher lows over a much longer period.
The $300 target remains speculative and sits far above the levels shown by the current daily indicators. Before such a scenario becomes relevant, SOL would need to reclaim $110, break the daily upper Bollinger Band near $114, and overcome several resistance zones left by its decline from the 2025 peak.
For the short term, the charts present a narrower decision range. Holding $100.95 would preserve the 4-hour Supertrend signal and keep $105, $107.50, and $110 in play. Losing $100 on strong selling pressure would invalidate the immediate bullish setup and raise the risk of a deeper retracement toward $97.50 or $92–$95.
US traders may also watch demand through US-listed Solana investment products and any progress on federal crypto market-structure legislation. However, the next directional move will likely depend first on whether spot buyers defend $100 as leveraged positions unwind around the monthly close.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Ran Neuner, a closely followed analyst in the cryptocurrency market, has made a noteworthy prediction for the altcoin market. Neuner believes that a new altcoin supercycle may be starting in the market following the break of a technical trend that has been ongoing for approximately nine years.
Recently appearing on The Wolf of All Streets program, Run Neuer specifically discussed the Ethereum/Bitcoin (ETH/BTC) pair, stating that the technical breakout in this pair could be a significant signal for the altcoin market.
Nine-Year Trend Broken on the Ethereum/Bitcoin Front! The analyst’s assessment of the altcoin cycle centers around the ETH/BTC chart.
At this point, the analyst notes that the ETH/BTC pair has significantly broken its downtrend, which has lasted for about nine years. According to Neuner, this development indicates that the long-term weakness of altcoins against Bitcoin may be beginning to end.
“On the weekly chart, after a 9-year downtrend, we are now seeing an upward breakout.”
Altcoin Opportunity May Be Bigger Than Bitcoin’s! The analyst notes that altcoins may have higher return potential following Bitcoin’s rise.
In this context, the analyst argues that the recent movement in Bitcoin could be the beginning of a new bull market, but the real high-yield opportunity may lie in altcoins.
He Revealed the Altcoins He Owns! The analyst first argues that in the new era, investors should focus not only on projects that were popular in the past, but also on blockchain projects that have real use cases and a growing user economy.
At this point, Neuer states that he holds Bitcoin, Ethereum, Solana, Hyperliquid, and several other altcoins.
Neuer also highlighted some altcoins. He specifically named Solana and Ethereum as the two winners of the L1 battle, stating, “I wouldn’t invest in any other L1 because I don’t think there’s any upside potential in L1s.”
The analyst also cited Hyperliquid, an altcoin, as one of the strongest active use cases in the crypto world, stating that he directly holds it due to its token economy and exchange functionality.
Neuer’s boldest individual opinion focuses on Zcash, a privacy-focused cryptocurrency that recently gained ETF support. He argued that Zcash could become a dominant form of private money.
Neuer said, “I think Zcash has the potential to go up 10 times, maybe even 100 times, from here.”
The analyst also highlights altcoins such as Lighter (LIT – his second-highest choice in the perpetual trading space), Bittensor (TAO – viewed as an AI investment in crypto), NEAR Protocol (NEAR – held due to its privacy connection with Zcash), and Ethena (ENA – included in his portfolio based on his stablecoin and bull market thesis).
*This is not investment advice.
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Telegram founder Pavel Durov announced in a post on his personal channel that Telegram’s Gram wallet is now ready for use and currently available to a select group of users. It will be gradually rolled out to over 1 billion users in the coming weeks. Durov thanked the validators who approved the core smart contract, noting this means future wallet upgrades will not require cumbersome wallet migrations. This is just one of many innovations Telegram has developed to enhance the usability of non-custodial wallets.
Bitcoin, the largest cryptocurrency by marketcap, is holding above $78,000 on Monday even as a stronger dollar, rising oil prices and renewed geopolitical tensions create a risk-off backdrop for crypto markets.
Bitcoin briefly fell below $77,000 in the early hours before recovering, leaving it down less than 1% over 24 hours. The cryptocurrency remains up more than 24% in August, putting it on track for its strongest monthly performance since 2017 and its largest monthly gain since November 2024.
Solana Leads the Majors Solana leads Monday's declines among major cryptocurrencies, falling roughly 3% in the past day. Despite that, the weekly picture looks considerably stronger for Solana. After reaching a weekly high of $110 over the weekend, $SOL has slipped to about $102 but remains up more than 7% over the past week. That gives it the strongest weekly performance among the top 10 cryptocurrencies by market capitalization.
Solana remains up more than 40% in August. With Monday marking the final day of the month, $SOL remains on course for its largest monthly green candle since 2024.
The network also maintains the top position in DEX volume across daily, weekly and monthly timeframes. Last week, Solana completed voting on 3 major governance proposals and recorded its biggest week ever for token launches, with more than 800,000 new tokens created.
Solana ETFs Post Record Inflows Institutional demand has also strengthened. U.S. spot Solana ETFs recorded more than $153 million in net inflows last week, marking their strongest week of 2026 and setting a new yearly record.
Only the final week of October 2025, when U.S. spot Solana ETFs launched, produced larger weekly inflows.
The strong ETF demand comes alongside Solana's broader market gains, although the latest price pullback shows that institutional flows have not insulated $SOL from wider macroeconomic pressure.
Saylor Returns to Bitcoin Buying Strategy made its first Bitcoin purchases since late June, adding 4,603 $BTC for $369.7 million last week at an average price of $80,318.
The company funded the acquisition through $602.8 million in common-stock sales. It allocated the remaining proceeds to $151.8 million in STRC preferred-stock buybacks and additional cash reserves.
Executive Chairman Michael Saylor now leads a company holding 845,050 $BTC acquired for $63.73 billion at an average price of $75,412 per Bitcoin.
Strategy was not alone in adding exposure. Bitcoin treasury firm Strive purchased 1,800 $BTC last week for $143 million, paying an average of $79,431 per coin. The purchase brings Strive's holdings to 23,156 $BTC, worth nearly $1.8 billion.
Iran conflict sends oil above $90 Geopolitical tensions added another source of pressure to markets after U.S. forces struck Iranian rocket launchers, triggering retaliation against local military bases and pushing crude prices sharply higher.
President Donald Trump declared on Truth Social that "Iran is officially a Failed Nation".
Following the declaration, brent crude climbed over 3% to $90 per barrel, while WTI rose 3% to $86.3. The oil surge has renewed inflation concerns and could complicate the Federal Reserve's interest-rate outlook.
Read More on SolanaFloor $HNT Soars 228% as America’s Fastest-Growing City Turns to Helium DePIN
Solana’s Double Disinflation Proposal Goes Down to the Wire, Passing by 0.33%
OpenSea now lets users buy, sell, and trade Solana-based NFTs on its platform. It only took four years to get here.
The marketplace first dipped its toes into Solana waters back in April 2022 with a beta integration that, to put it gently, did not set the world on fire. Native Solana platforms like Magic Eden and Tensor had already locked down the ecosystem’s most active traders, and OpenSea’s early attempt never gained meaningful traction.
Now, with its rebuilt OS2 platform as the foundation, OpenSea is making another run at the Solana NFT market with considerably more infrastructure behind it.
From beta flop to full-stack relaunch OpenSea completed the public rollout of its rebuilt OS2 platform in May 2025, transforming itself from a pure NFT marketplace into a multi-chain trading hub supporting both NFTs and fungible tokens across more than 19 blockchain networks.
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The Solana integration this time is part of a much broader strategic shift. OpenSea began listing Solana fungible tokens on OS2 back in April 2025, starting with tokens like WIF and FARTCOIN. Adding NFT support on the same chain is the logical next step, and one that CEO Devin Finzer has been telegraphing as part of his vision for a unified on-chain trading experience.
The timing isn’t accidental either. OpenSea emerged from an SEC investigation earlier this year without any enforcement action, removing a cloud of regulatory uncertainty that had hung over the company’s strategic planning for months.
Why Solana matters for OpenSea’s comeback Solana’s appeal for NFT traders comes down to two things: speed and cost. Transactions settle in fractions of a second, and fees are measured in fractions of a cent. That makes the chain particularly attractive for high-frequency NFT trading, gaming assets, and the kind of rapid-fire speculation that defined much of the 2024 memecoin and collectibles cycle.
The platform now supports over 20 blockchain networks in total, a breadth that no single competitor matches.
The competitive landscape and what’s at stake The fungible token angle adds another dimension. By letting users trade both NFTs and tokens like WIF on the same platform, OpenSea is positioning itself as a general-purpose on-chain trading venue rather than a pure collectibles marketplace.
One wild card is the SEA governance token. OpenSea had planned to launch a native token, but market conditions prompted delays and a strategic pivot toward broader on-chain aggregation.
As of August 2026, OpenSea indicated that NFT support on Solana was not yet fully operational despite other Solana functionality being live.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Five altcoins broke out during mid-August, and four of them now carry dated September catalysts that could extend or end the move.
The turn rolled through the market in stages. Uniswap bottomed on August 14, and Solana volume spiked on August 19. Zcash, Monero, and Hyperliquid then broke out together on August 22.
Zcash (ZEC) Broke Out 3 Days Before Its ETF LaunchedRank: 10
Price: $838.78
Market Cap: $14.18 billion
Grayscale listed the first US spot Zcash product on NYSE Arca on August 25 under the ticker ZCSH. The debut was quiet, drawing roughly $14.8 million in first-session volume. Notably, the breakout preceded the listing by three days.
ZEC cleared its November 2025 cycle high near $750 on August 22. It then reached $888, just under the 1.272 Fibonacci extension at $903. The next extension sits at $1,099. This is an eight-year high rather than a record, since ZEC peaked above $3,190 in October 2016.
ZEC daily chart / Source: TradingviewMeanwhile, a coinholder poll on the NU7 upgrade closes September 14. One question asks whether to replace the halving schedule with a smooth issuance curve. Rejection at $903 could return the price to the $750 breakout level, which held on August 25.
Monero (XMR) Closes In on a Record Above $800Rank: 13
Price: $536.77
Market Cap: $10.13 billion
THORChain enabled native Monero swaps on August 25, allowing direct trades against Bitcoin and stablecoins without wrapping. That partly routes around the exchange delistings that hit the asset through 2025. However, XMR carries no dated September catalyst.
The chart broke above the May swing high on August 22 and added 26.5% in seven days. XMR now tests the 0.5 Fibonacci retracement at $538. Above it sits the 0.618 golden pocket at $600, then the record high of $799.89 set on January 14.
XMR daily chart / Source: TradingviewIn contrast to Zcash, this move looks derivatives-led. Open interest roughly doubled in two weeks to about $278 million, and futures volume runs far above spot. A squeeze that builds this fast can unwind just as fast. Earlier privacy coin positioning showed the same pattern.
The immediate support for XMR sits at $476.53.
Hyperliquid (HYPE) Faces a $1.2 Billion Unlock on September 29Rank: 9
Price: $81.78
Market Cap: $18.18 billion
Hyperliquid routes 99% of order-book fees into buybacks, currently worth roughly $58 million to $80 million a month. A release of about 14.2 million HYPE, near $1.2 billion, lands on September 29. Roughly 47% goes to insiders.
HYPE cleared its prior record at $77 on August 22 and reached $86.71 five days later. The first target is the 1.272 extension at $92.37, followed by $111.93.
HYPE daily chart / Source: TradingviewHistorically, monthly releases moved price 14.1% lower in May, 1% higher in June, and 7% lower in July. From $81.78, that range maps to roughly $70 to $76, which brackets the $77 breakout level. Below that, support sits at $64.91, then $55.41, where the 0.618 retracement meets the trendline from January.
Uniswap (UNI) Burn Doubled to a Record in AugustRank: 29
Price: $5.12
Market Cap: $3.19 billion
Uniswap activated v4 protocol fees and Robinhood Chain fees in late July. August was the first full month with both running, and burn funding hit a record $8.9 million. That is roughly double the pace held since January.
UNI set a higher low on August 14, then cleared swing highs at $3.99 and $4.43. It now tests the 0.618 retracement near $4.94. Above that sit $5.66 and the January high at $6.57.
UNI daily chart / Source: TradingviewThe Senate cloture vote on the CLARITY Act falls in mid-September and needs 60 votes. Failure could stall the breakout. Therefore, the burn story needs a caveat, since a 20 million UNI annual growth budget keeps supply closer to neutral than deflationary.
Validators approved SIMD-0550 on August 28, doubling annual disinflation from 15% to 30%. Bitwise crossed $1 billion in Solana ETF assets the same day. Transaction V1 then activates on September 9, raising the maximum transaction size more than threefold.
SOL broke the 0.382 retracement at $93.98 and is now confirming the 0.5 level at $104.44 as support. Volume expanded from August 19. The next target is the 0.618 retracement at $114.89.
SOL daily chart / Source: TradingviewHowever, the fundamentals disagree with the chart. Network fees fell 44% quarter over quarter, and Solana’s share of global fees dropped to 17.3% from 26.6%. That divergence makes $104 the level that matters most.
What to Watch NextThe September calendar is tight. Transaction V1 lands on the 9th, the Zcash poll closes on the 14th, the CLARITY vote follows in mid-month, and Hyperliquid’s unlock arrives on the 29th.
Four of these five carry a dated event, and the leaders are extended after an eight-day breakout. Monero is the exception, so its path depends on flow rather than a catalyst.
According to DefiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit ~$1.33 billion, marking four consecutive days of new all-time highs for daily volume. Its 7-day trading volume stood at ~$6.16 billion, with a week-over-week growth of roughly 79%. The $1.33 billion daily volume outpaced concurrent figures from Ethereum Mainnet ($993 million), BNB Chain ($962 million), and Base ($881 million), ranking second only to Solana ($1.86 billion). Notably, Robinhood Chain’s DeFi TVL is just $725 million—roughly 13% of Solana, Base, and BSC’s respective TVLs, and around 1.5% of Ethereum’s. However, driven by high meme coin trading activity, Robinhood Chain generated $1.07 million in chain fees over the past 24 hours, equal to the combined fees of Ethereum ($362,000) and Solana ($677,000) in the same period, making it the highest-fee chain across the network (excluding application layers). According to DefiLlama’s retained revenue calculations based on on-chain economic models, Robinhood Chain’s 24-hour revenue reached $963,000, far exceeding Ethereum ($70,000), Solana ($84,000), BSC ($44,000), and Base ($93,000)—three times the combined revenue of these other major public chains. This does not mean Robinhood’s overall ecosystem revenue has surpassed Solana or Ethereum, as DefiLlama’s on-chain revenue metric only measures network-level income. Robinhood Chain’s outlier revenue is essentially a result of the meme coin trading boom combined with its L2 sequencer economic model. Unlike Ethereum, Solana, BSC, and other chains, Robinhood Chain retains most user gas fees after covering Ethereum data costs and Arbitrum royalty splits, so network-level revenue is rapidly amplified when high-frequency meme coin trading surges.
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Bitwise’s Solana Staking ETF (BSOL) has become the first exchange-traded fund tracking Solana to surpass $1 billion in assets under management, less than a year after its launch.
The milestone comes amid a sharp increase in activity across both the Solana ETF market and the underlying token.
BSOL recorded more than $126 million in trading volume on Friday, its strongest single-day performance to date. Trading volume also exceeded $500 million across the seven sessions preceding the latest record.
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The fund has attracted inflows for seven consecutive trading days, bringing cumulative ETF inflows into Solana products to approximately $1.26 billion. That figure represents roughly 2.2% of SOL's current market capitalization, highlighting the growing scale of exchange-traded demand relative to the underlying market.
Institutional accumulation has also continued outside the ETF market. DeFi Dev Corp purchased another 19,000 SOL for approximately $1.86 million, taking its holdings to around 2.33 million SOL, worth approximately $182 million based on the figures provided.
Bitwise's XRP ETF has also continued to attract capital. The product recorded an inflow of $15.40 million, while its assets under management stood at approximately $603 million at the time of writing.
Together, the figures point to increasing institutional participation across crypto assets beyond Bitcoin and Ethereum, with Solana emerging as one of the main beneficiaries of the shift.
Leverage adds momentum to SOL's moveThe ETF activity has coincided with a strong move in SOL. The token gained roughly 19% over the past week, although the rally has subsequently encountered some selling pressure.
Futures activity has been particularly pronounced. Futures trading volume reached approximately $14.6 billion, compared with around $1.7 billion in spot volume. The large difference suggests that derivatives and leveraged positioning have played an important role in amplifying SOL's recent price movement.
At the latest reading, SOL was trading at $103.43, down 2.25% over 24 hours. Its market capitalization stood at approximately $60.42 billion, representing a 2.23% daily decline.
Trading activity remained elevated despite the pullback. Daily volume fell 16.15% to $4.94 billion, leaving the volume-to-market-capitalization ratio at approximately 8.17%.
The combination of rising ETF demand and elevated derivatives activity creates a more complex picture for SOL. Institutional inflows can provide sustained buying pressure, while heavy futures activity can accelerate both upward and downward moves as leveraged positions are opened or closed.
Another factor investors are watching is Solana's changing monetary policy.
Faster disinflation changes SOL's supply outlookSolana validators recently approved a proposal to accelerate the network's disinflation schedule. The vote was the first proposal to pass under Solana's new on-chain governance system.
Known as SGP-0002, or "Double Disinflation," the proposal increases the annual disinflation rate from 15% to 30%. Importantly, it does not alter Solana's long-term inflation target, which remains at 1.5%.
Final voting results showed 67% support for the proposal, compared with 25.16% opposed and 7.84% abstaining. Participation represented 60.7% of eligible stake.
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The accelerated schedule means Solana could reach its terminal 1.5% inflation rate considerably sooner. Solana Compass estimates that the target could now be reached in approximately 2.8 years, compared with around 5.7 years under the previous schedule.
The change is expected to reduce the number of new SOL entering circulation. Estimates indicate that approximately 18.9 million fewer SOL could be issued over the next six years under the revised schedule.
For existing SOL holders, lower issuance could reduce dilution over time. The trade-off is that the faster reduction in inflation also means lower staking rewards for validators and delegators.
The monetary-policy change therefore adds another variable to the investment case for SOL. While ETF demand and institutional accumulation are increasing access to the asset, the network itself is simultaneously moving toward a lower rate of new-token issuance.
For now, the combination of stronger exchange-traded demand, substantial derivatives activity and a tightening issuance trajectory is putting Solana at the center of renewed institutional interest.
The sustainability of the move, however, will depend on whether ETF inflows continue and whether the current futures-driven momentum can translate into lasting spot demand.
Solana is trading at $105.23, up 12.3% over the past week, after facing rejection at $110, a level analysts had flagged in advance as the token’s first major resistance zone.
According to experts, Solana’s pullback from $110 began within the past day, later than a similar retracement already underway on Bitcoin’s chart. The move is being treated as an internal correction within a broader uptrend, not a reversal, provided a set of specific price floors continue to hold.
Two support zones are in focus. The first, described as weak and relevant mainly to intraday moves, sits between $102.57 and $106.76. A more important zone lies between $90.46 and $94.83, calculated using Fibonacci retracement measured from Solana’s low on August 16 through this week’s high.
The analysts said that if the weaker upper support breaks, pressure builds toward the lower zone, and price would need to stabilize near the August 26 swing low to keep the bullish structure intact. A break below $90.46 would remove their bullish case entirely, opening the door to broader short-term downside beyond just an intraday dip.
On the upside, the group’s Fibonacci resistance projection places Solana’s next target near $133, contingent on the current support structure holding through the pullback.
Upside momentum has already begun slowing, with price action turning choppier below $110, and said a deeper pullback into the weekend looked likely even as the immediate micro support level had not yet broken at the time of recording.
What It Means for Traders
Solana’s next move hinges on a narrow band between $102 and $95. Holding above it keeps the path toward $133 open. Losing it shifts the focus toward the $90 zone, and a break below that would mark a more meaningful shift in trend for the token.
Story Ends Here
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A Christmas gift for a broken ecosystemIn December 2022, Solana was in freefall. The collapse of FTX, an exchange with deep ties to Solana, had pushed $SOL down by roughly 96% from its all-time high. The token was changing hands near $8, and confidence in the ecosystem had all but evaporated.
Then, on Christmas Day, an anonymous team launched @bonk_inu and airdropped half the total supply of $BONK across the Solana community. The distribution reached roughly 297,000 Solana wallets, targeting NFT holders, traders, DeFi users, and developers. There was no presale, no venture funding, and no traditional whitepaper. The project was community-driven with no venture capital backing, governed by BonkDAO, and built around a deflationary burn mechanism.
The timing proved significant. The launch contributed to a sharp recovery in $SOL, with the token rising roughly 34% in 48 hours. SOL climbed back above $13 in the days that followed, snapping a streak of nine consecutive losing sessions.
Burns chip away at supply as the token moves onThe deflationary mechanics built into $BONK have continued to shrink its circulating supply since launch. The team burned its initial 5 trillion token allocation in the weeks after the airdrop. Subsequent community-led events have accelerated that process. The December 2024 BURNmas event removed 1.69 trillion BONK tokens, valued at over $51 million, from circulation. Circulating supply now sits around 88 trillion, down from the original 100 trillion.
The project currently boasts over 350 on-chain integrations and availability across 10 blockchain networks, having expanded well beyond its origins as a simple meme coin. The token's market cap sits around $264M, up nearly 29% this week, according to the original report.
The story of $BONK remains one of the more unusual chapters in crypto history: a no-frills, anonymous airdrop that landed at the right moment and gave a bruised ecosystem something to rally around.
Sources:
CoinGecko: Bonk (BONK) Overview
Bitstamp: What is BONK?
CoinLaw: BONK Coin Statistics
Memecoin trading on Solana just hit levels not seen since January, with weekly spot DEX volume surging past $5.2 billion in mid-August. The network that once seemed to be cooling off from its speculative heyday is heating up again, fueled by viral tokens, reactivated wallets, and platforms purpose-built for degeneracy.
As recently as late May, weekly memecoin volume on Solana had cratered to roughly $1.8 billion. That’s nearly a threefold increase in under three months.
The numbers behind the revival Solana processed a record 4.2 billion onchain transactions in July, representing a 13.5% jump from the prior month and up 91% compared to December 2025.
During the week of July 20-26, memecoins accounted for 29% of all spot DEX volume on Solana, the highest share since August 2025. On certain days, that figure briefly spiked to 42%.
The catalyst for the latest wave appears to be ANSEM, a memecoin that surged approximately 299% in a single week during July. Platforms like Pump.fun and its successor PumpSwap have been central to the action, channeling hundreds of millions in daily DEX volume, and have been instrumental in reactivating wallets that had gone quiet during the spring lull.
SOL’s price tells a different story Despite this explosion in trading activity, SOL itself has been trading around $96, largely unmoved by the frenzy happening on its own network. This decoupling between onchain activity and token price suggests that the current volume surge is driven primarily by speculation within the memecoin layer rather than fresh capital flowing into the Solana ecosystem itself.
What’s driving the speculation Back in January 2026, memecoin daily volumes on Solana were already hitting $1-2 billion before the mid-year correction brought everything down. Solana’s sub-cent transaction fees and near-instant finality make it uniquely suited for the kind of rapid-fire trading that memecoins demand.
Traders watching this space should keep an eye on two metrics: the memecoin share of total DEX volume, which at 29% is already elevated, and SOL’s price response to continued volume growth. If trading activity keeps climbing and SOL remains pinned near $96, it would reinforce the thesis that current demand is internally rotational rather than driven by new money entering the ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The rally in the cryptocurrency market has apparently whetted Solana degens' risk appetite as memecoins recently came back into the spotlight. Solana's memecoin market has seen a sharp surge, with weekly spot trading volume reaching $5.20 billion, its highest level since November 2025.
The surge extends beyond secondary-market trading. Solana launchpads processed roughly $169.3 million in bonding curve volume yesterday, August 25, reaching its highest level since January.
The rebound also coincides with a broader increase in Solana trading activity. Blockworks data shows Solana DEX volume reached roughly $21.2 billion last week, meaning memecoins represented about 25% of total DEX volume.
Solana Captures 85% of Memecoin Volume Solana's lead becomes clearer when compared with other major ecosystems. Ethereum recorded $9.6 billion in weekly spot DEX volume, but only $82.9 million came from memes, or about 0.9% of total volume.
BNB recorded $7.1 billion in weekly spot volume, with memes contributing $412.4 million, or roughly 5.8% of total volume.
Base generated $6.55 billion in weekly spot volume, while memes accounted for just $31.06 million, or roughly 0.5%.
Robinhood recorded $1.87 billion in weekly spot volume, with memes contributing $389.17 million, or about 20.8%.
Solana's $5.2 billion in meme volume dwarfs the other ecosystems. It represents about 12.6 times BNB's meme volume, 13.4 times Robinhood's, 62.7 times Ethereum's, and 167.4 times Base's. Across these 5 markets, Solana accounts for roughly 85% of combined weekly meme spot volume.
SocialFi Rivalry Fuels Memecoin Resurgence SocialFi is intensifying Solana's meme revival as fomo and Pump.fun compete for trader attention. According to Dune data, fomo posted a record weekly volume of $630.83m last week, with Solana accounting for about 44% of its activity.
Pump has responded with social features such as Callout Rewards, which pays users in $USDC when others trade the tokens they shill. Pump.fun has also acknowledged that it funds the rewards from its company treasury, reflecting the intensity of the competition.
Pump has also expanded into cross-chain trading, prompting concerns that it could weaken its Solana focus. Pump.fun cofounder Alon argues the move will instead serve as a user-acquisition strategy. Pump charges no fee on $SOL swaps, while cross-chain fees recently fell to 0.1% to cover bridging costs. Although the service may lose money initially, Pump expects users to eventually discover its Solana launchpad, where the company generates revenue.
The strategy reflects a broader race to control the social feed, token discovery process, and trading interface. More users and content could create a feedback loop that ultimately directs activity back to Solana.
Are Memes Solana’s Biggest Use Case? The renewed activity has revived an old debate about Solana's relationship with memecoins. Solana Foundation Chief Product Officer Vibhu Norby opined that “memecoins are the best and only appealing mainstream use case for crypto, and generate the vast majority of crypto REV”.
Superteam USA CMO Amy Street agreed with that sentiment, arguing that meme-driven FOMO is the only push driving large numbers of people to learn about crypto.
For now, the clearest signal is that traders have returned to Solana's “casino”, and they are launching and trading tokens at a pace not seen in months.
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AURA, a Solana-based memecoin built around the viral "aura points" internet trend, has surged roughly 50% in the past 24 hours to trade at around $0.0246. The token is now up more than 110% over seven days, with its market capitalisation climbing to approximately $23 million.
Riding a Cultural Wave The token draws its identity directly from a social media phenomenon that has grown steadily since the early 2020s.
AURA (contract address: solana:DtR4D9FtVoTX2569gaL837ZgrB6wNjj6tkmnX9Rdk9B2) attempts to turn that cultural moment into a community-driven token ecosystem on Solana. The combination of a recognisable meme identity and an interactive product layer has helped the token maintain community momentum beyond typical short-lived launches.
A History of Sharp Moves This latest rally is not the token's first brush with explosive price action. The token has previously demonstrated extreme sensitivity to external catalysts.
The current move appears to be driven by organic community momentum rather than a single external catalyst, with the seven-day gain suggesting sustained buying rather than a one-day spike. Even so, traders should treat the token with caution given the sector's track record.
Sources:
Yellow.com: AURA On Solana Surges As Meme Coin Speculation Returns
Merriam-Webster: Aura Slang Meaning
MEXC: What is AURA Coin? Complete Guide to Solana's Viral Culture Token
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Phygitals sealed and tokenized the 1997 magazine where One Piece began. Solana promoted the launch on Friday, and the first tokenized One Piece manga now trades onchain.
The issue carries the main characters’ debut appearance, which arrived before the first collected volume reached shops. Grading firms count only 118 copies worldwide.
Why the Tokenized One Piece Manga Is So ScarceThe manga One Piece, written by Eiichiro Oda, was initially published in the Shonen Jump magazine No. 34 of 1997. Readers treated the magazine as cheap, throwaway newsprint. Most copies, therefore, went straight to the bin.
Almost nobody expected a record. One Piece passed 600 million published copies worldwide in March. The publisher Shueisha announced the milestone on the jacket band of volume 114.
Scarcity then attracted forgers. Reprints and outright fakes of the issue flood resale sites, and an official 2017 reprint edition adds more confusion. Dealers now treat authentication as the main hurdle for buyers.
Authentication carries real money. Reference guides put ungraded first prints in the low hundreds, while graded slabs trade in a separate market. Heritage Auctions ran a Beckett-graded copy of the issue in March. Graders slab originals and reprints separately, which remains the only dependable tell.
That backdrop matters here. Phygitals, a Solana marketplace for vaulted physical collectibles, sealed one of the 118 graded copies inside a digital pack. Buyers skip the guesswork because the token points to an authenticated slab rather than a photo listing.
Solana amplified the drop from its own account on Friday. Phygitals called the release the first tokenized manga in history.
Solana Builds Out Its Collectibles MarketPhygitals backs every token with one graded item held in vault custody. Holders can request shipment at any point, and the platform then retires the digital copy. Trading cards built that model first, and manga now tests it.
Critics still flag the obvious weak point. A token only holds value while the custodian keeps the item safe and honors redemption. Provenance moves onchain, yet the paper never does.
Momentum sits on the other side of that argument. The RWA market cap jumped to $71 billion this month, while Ondo added tokenized stocks as collateral for leveraged trades. Solana itself posted a record onchain activity in August.
Japan sits close to this story, too. The Solana Foundation signed an SBI partnership in Japan in July to build yen-based onchain markets. Consumer apps have expanded as well, including a Solana prediction market launch inside Phantom.
Solana Price Performance. Source: BeInCrypto MarketsSOL trades near $107.21, up 5.9% on the day and 46.3% over the past month.
Manga has never had an onchain venue like this one. Trading cards took years to build real liquidity, and a single 1997 issue proves nothing yet. Anime fandom does, however, dwarf the sports card audience in raw size.
The next signal comes from bidders rather than from the announcement.
Robinhood’s L2 network is no longer just a talking point. Robinhood Chain recorded $2.66 million in app revenue over a single 24-hour window on August 31, per DeFiLlama data.
That put it ahead of Hyperliquid L1 ($1.70M) and Ethereum ($1.28M). Only Solana, at $5.07 million, ranked higher.
For HOOD investors tracking the company’s on-chain bet, that number carries weight.
Three Apps Drove 88% of the Revenue The figures are not distributed evenly across the chain. Three protocols did most of the work. GMGN, a Telegram trading bot, led with $803K.
Pons, a launchpad and swap platform native to the chain, contributed $632K. Uniswap added $235K, its fee switch on Robinhood Chain went live on July 27, 2026.
Together, these three apps made up roughly 88% of all app revenue on the chain that day.
That concentration is a double-edged point. It shows the chain can attract high-fee activity. It also shows that the revenue base is still narrow.
GMGN and Pons draw memecoin and launchpad flow, not the tokenized stock plumbing Robinhood has spent months pitching publicly.
Robinhood CEO Vlad Tenev acknowledged as much in a July X post, writing that the chain “works great for memes too.”
Separate from app revenue, the chain itself netted $495K in gas revenue, after subtracting Ethereum L1 costs and the 10% Arbitrum Expansion Program share (8% to the Arbitrum DAO treasury, 2% to developer guild).
The Arbitrum Foundation collected $44K from the chain that day. That split matters for HOOD holders: the chain’s net gas revenue flows toward Robinhood, not ETH stakers or Arbitrum broadly.
Context keeps the snapshot honest. Hyperliquid still leads over longer windows.
Its 30-day app revenue stands at $53.41M, against Robinhood Chain’s $23.23M over the same stretch.
Ethereum’s 30-day figure is $45.8M. The August 31 flip is a daily spike, not a structural reversal. That distinction matters for investors who may read too much into a one-day chart.
Wall Street has already been adjusting its view of HOOD. Robinhood’s Q2 earnings and Wall Street price-target cuts followed a quarter where crypto trading revenue fell 38% year-over-year to $100M.
The onchain app fee line is shaping up as the replacement narrative, a take-rate stack that operates outside the brokerage spread compression dragging on the core business.
Robinhood Chain’s Broader Ambition, and the Gap Still to Close Robinhood Chain launched on July 1, 2026, as an Ethereum L2 built on the Arbitrum Orbit stack. Chain ID is 4663.
Blocks finalize in around 100 milliseconds. ETH is the gas token. Vlad Tenev said the chain hit 100 million transactions faster than any other EVM chain ever had.
The official pitch is real-world assets. Robinhood has been pushing stock tokens and tokenized equity from day one.
Platforms to trade tokenized stocks are multiplying fast, and Robinhood positioned its chain as the infrastructure layer for that wave.
By late August, Stock Token DEX cumulative volume crossed $1.5 billion, per a Robinhood Crypto post on X.
The competition is moving too. Coinbase’s Deribit exchange rolling out stock perps in August signals that equity-linked onchain trading is now an institutional priority, not just a retail experiment.
Meanwhile, Kraken’s launch of unified US stocks and xStocks trading in Europe shows that distribution, not just infrastructure, is where the race is being run.
One friction point remains for the HOOD bull case. Stock Tokens on Robinhood Chain are not available to US persons.
Robinhood’s core user base, the one that drove $1.31 billion in Q2 2026 revenue, sits outside the chain’s current RWA reach.
Goldman Sachs and other banks remain broadly positive on HOOD and COIN for H2.
Goldman’s cautiously optimistic crypto market stance on COIN and HOOD reflects conviction that the onchain revenue narrative holds even as brokerage volumes compress.
For now, the August 31 data point gives bulls a clean headline. Robinhood Chain outran Ethereum and Hyperliquid on app revenue for a day.
Whether that becomes a recurring pattern, or fades with launchpad volume, will determine whether the chain moves the needle on HOOD’s earnings story.
For decentralized borrowing and yield, see our roundup of DeFi lending platforms.
Pump.fun has added full support for HyperEVM tokens to its trading app. Users can trade HyperEVM assets directly against USDC. HyperEVM trades carry a 0.1% fee, while Solana trading remains free. The expansion moves Pump.fun further beyond its original Solana launchpad model. Pump.fun has expanded its trading app to HyperEVM, allowing users to buy and sell HyperEVM-based tokens against USDC as the platform broadens its reach beyond the Solana ecosystem. The integration adds another execution environment to an app that increasingly resembles a multi-market trading interface rather than a product built solely around launching Solana memecoins.
The announcement was also highlighted by Wu Blockchain on X, which noted the difference between Pump.fun’s zero-fee Solana trading and the 0.1% fee applied across HyperEVM and several other supported markets.
Pumpfun Expands Beyond Solana With HyperEVM Token Trading
Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base… pic.twitter.com/sBkjqpuae0
— Wu Blockchain (@WuBlockchain) August 27, 2026
HyperEVM Gives Pump.fun Access to a Different Type of Liquidity The significance of the integration is less about adding another blockchain to a supported-networks list and more about where HyperEVM sits within the Hyperliquid ecosystem.
HyperEVM provides an Ethereum-compatible execution environment connected to Hyperliquid’s broader infrastructure. For Pump.fun, supporting tokens issued there creates another route for attracting traders who may previously have had little reason to use an application primarily associated with Solana.
The USDC trading pair is equally relevant. Rather than requiring users to move into a network-specific volatile asset before trading, Pump.fun can provide a dollar-denominated route into HyperEVM tokens.
That reduces one layer of friction for users moving capital between ecosystems.
Pump.fun also said HyperEVM trades qualify for its callout rewards, extending an incentive system already used to encourage activity inside the app.
The Fee Structure Reveals Where Pump.fun Is Willing to Subsidize Trading Pump.fun currently charges 0% trading fees on Solana, while HyperEVM transactions carry a 0.1% fee. The same 0.1% rate applies to several other markets supported through the app, including Robinhood-linked assets, BNB and Base.
The difference provides some insight into the platform’s priorities.
Free Solana execution helps Pump.fun defend the ecosystem where it built its original user base and where competition for retail token trading is particularly intense. Charging on newer markets allows the company to monetize expansion without immediately abandoning the zero-fee proposition at home.
Pump.fun Extends Its Trading Model Beyond Solana The HyperEVM integration adds another market to an app that is becoming less dependent on Solana-only activity. The structure is straightforward:
HyperEVM trading: Users can trade any supported HyperEVM token directly against USDC through the Pump.fun app. HyperEVM fee: Trades carry a 0.1% fee, giving Pump.fun a direct revenue stream from activity on the network. Solana fee: Trading remains at 0%, allowing Pump.fun to maintain a more aggressive pricing model in its core market. Other markets: The 0.1% fee also applies to Robinhood, BNB, Base and other supported markets, according to the information shared by Wu Blockchain. Callout rewards: HyperEVM trading is eligible for Pump.fun’s existing callout rewards program. The difference between the Solana and HyperEVM fee structures provides some insight into Pump.fun’s priorities. Free Solana execution helps the platform defend the ecosystem where it built its original user base, while charging on newer markets creates a way to monetize expansion without immediately changing the economics of its core product.
At sufficient volume, that distinction becomes meaningful. Pump.fun would no longer depend as heavily on activity surrounding newly launched Solana tokens, since trading conducted through other supported networks could contribute directly to transaction-fee revenue.
A 0.1% charge may appear small in isolation, but its economics become more meaningful if Pump.fun succeeds in routing substantial volume through multiple networks. Revenue would then depend less heavily on activity surrounding newly launched Solana tokens and more on the trading behavior of users across the app.
Why Moving Beyond Solana Changes Pump.fun’s Business Model Pump.fun originally solved a narrow problem: making it extremely easy to create and trade new tokens on Solana. That simplicity helped it attract large amounts of speculative activity, but it also tied the business closely to conditions inside a single ecosystem.
Supporting HyperEVM changes that dependency at the margin.
A multi-chain trading interface can monetize users even when they move their capital from one network to another. Instead of losing a trader when attention shifts away from Solana, Pump.fun can attempt to keep that user inside its own application while changing the underlying venue.
This is a different competitive objective from simply operating the largest token launchpad.
The app increasingly competes at the distribution layer, where wallets, aggregators and trading interfaces fight to become the place through which users access assets regardless of the network underneath them.
That distinction also explains why the integration may matter to HyperEVM. New chains and execution environments need more than liquidity. They need distribution. An established consumer-facing interface can expose HyperEVM tokens to traders who otherwise might never interact directly with the network’s native applications.
Hyperliquid’s Growth Makes the Timing More Relevant The integration arrives while activity around the broader Hyperliquid ecosystem remains elevated. HYPE was trading around $81.56 in the latest market snapshot, up approximately 13.3% over seven days, with a market capitalization near $20.5 billion.
Bitcoin, by comparison, was near $79,700 while Ethereum traded around $2,520 and Solana near $103.89.
Those prices do not directly determine demand for HyperEVM tokens, but Hyperliquid’s growing market footprint gives applications a stronger commercial reason to integrate its ecosystem. Pump.fun is effectively positioning itself to capture some of that activity without requiring traders to leave its existing interface.
The next useful metric will therefore be volume rather than the number of supported tokens. If meaningful HyperEVM trading begins flowing through Pump.fun, the integration would provide evidence that its Solana audience can be converted into a broader multi-chain user base. If activity remains concentrated on Solana, HyperEVM will function primarily as additional distribution rather than a material change in the platform’s revenue mix.
When a tenant starts making more money than the landlord, something interesting is happening. Pump.fun, the memecoin launchpad that has become Solana’s most profitable application, now generates more than twice the monthly revenue of Solana itself, a milestone that reframes how the industry thinks about where value actually accrues in a blockchain ecosystem.
As of late August 2026, Pump.fun’s trailing 30-day revenue sits between $42M and $51M, with weekly figures peaking at $14M, the highest weekly number recorded since February 2026. Annualized, that puts the platform on a run rate somewhere between $460M and $500M per year from a single application built on top of someone else’s network.
How a memecoin factory became a billion-dollar business Pump.fun launched on January 19, 2024, with a simple value proposition: make it trivially easy to create and trade memecoins, then take a small cut of every transaction.
Since launch, the platform has crossed $1.259B in cumulative revenue, making it the first application on Solana to clear the $1B mark and one of the highest-earning protocols in all of crypto. That figure, earned across roughly 19 months, reflects consistent, high-volume trading activity over a sustained period.
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Revenue comes from multiple sources. Token creation fees, trading activity routed through PumpSwap, the platform’s native automated market maker, and ancillary service charges all feed into the total.
Roughly half of all fees collected are funneled directly into automated buybacks and burns of the PUMP token. Total buybacks have exceeded $429M, which has eliminated approximately 28.6% of the circulating supply.
Outpacing Hyperliquid and expanding beyond Solana Pump.fun’s revenue lead isn’t limited to Solana comparisons. In certain 7-day and 30-day windows, the platform has also outpaced Hyperliquid, the perpetuals exchange that has itself been celebrated as one of crypto’s most impressive fee-generating protocols.
The platform has also begun reducing its dependence on any single chain. Smaller deployments now operate on Base, Binance Smart Chain, and Ethereum. In August 2026, the platform rolled out a feature called Callout Rewards and cut trading fees, moves designed to deepen user engagement and lower the cost of participating in the ecosystem.
What the revenue gap between app and chain actually means The fact that Pump.fun generates more than twice Solana’s monthly revenue is a reasonable outcome in a maturing ecosystem. Solana collects fees at the base layer, which are structurally lower than application-layer fees because validators compete on cost to attract transactions. Applications, by contrast, can charge whatever the market will bear for their specific product.
The PUMP token buyback program adds another layer to watch. With $429M already burned and the platform still operating at peak revenue, the deflationary pressure on supply is compounding.
Callout Rewards, the new engagement feature introduced in August 2026, also represents a bet on community stickiness. Platforms that tie financial incentives to social participation tend to generate retention loops that are hard to break, even when market conditions cool.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Charles Schwab has announced plans to expand its cryptocurrency offerings by adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its Schwab Crypto platform in the coming months. The brokerage currently allows trading in Bitcoin (BTC) and Ether (ETH), and the expansion will increase its available digital assets from two to five. This move will provide Schwab’s approximately 39 million clients the option to trade these additional tokens within the same platform they use for stocks and ETFs.
Platform expansion and new assetsSchwab introduced its crypto spot trading service for retail clients in May 2026. The company stated that the new addition aims to meet increasing client demand for established cryptocurrencies. While Schwab has not given a precise launch date for Solana, Avalanche, and Chainlink, it indicated that trading will be open in the coming months.
Joe Vietri, Head of Digital Assets at Charles Schwab, emphasized that the expansion is designed to offer clients greater flexibility in constructing their portfolios. Vietri explained that customers can now “build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.”
With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab.
The company plans to maintain its transaction pricing at 75 basis points, or 0.75% of each trade’s dollar value, describing this as one of the lowest fees among major brokers.
Infrastructure, custody and access limitationsAsset custody for Schwab Crypto accounts is handled by Charles Schwab Premier Bank, while trade execution is managed through Paxos, a blockchain infrastructure provider regulated by the Office of the Comptroller of the Currency.
However, access to Schwab Crypto is currently unavailable to residents of New York and Louisiana and is not accessible outside the United States.
Mini dictionary: Paxos is a New York-based blockchain infrastructure company that provides digital asset issuance and settlement services. It operates under US regulatory oversight and partners with financial institutions for regulated trading.
The impact of Schwab’s entry for SOL, AVAX, and LINKCharles Schwab manages more than $12 trillion in client assets, making it one of the largest brokerage firms in the United States. The decision to list SOL, AVAX, and LINK is expected to increase these tokens’ reach and appeal beyond the traditional crypto user base, bringing them to a broader retail audience.
The three tokens recorded price increases after the news went public. Solana traded near $107, an 11.6% rise within 24 hours. Chainlink rose to approximately $11.9, up 6.3%. Avalanche also climbed by over 4%, reaching $7.50, according to CoinMarketCap data.
Token24h Price ChangeCurrent PriceSOL (Solana)+11.6%$107LINK (Chainlink)+6.3%$11.9AVAX (Avalanche)+4%$7.50Schwab’s latest move marks a cautious expansion into digital assets. The company previously started its crypto platform with only Bitcoin and Ether, reflecting a careful approach while it evaluated marketplace risk and demand. Schwab asserts that the list of available tokens will continue to grow, but each addition remains subject to regulatory requirements and the company’s risk guidelines.
Cautious approach to cryptocurrencyCharles Schwab has previously described cryptocurrencies as speculative and high-risk in its reports, noting that digital assets can significantly influence portfolio volatility even at low allocation levels of 1% to 3%. The company also warns clients that these assets are not FDIC insured or SIPC protected and may lose their entire value.
Schwab’s disclosures state that digital assets are not covered by FDIC or SIPC insurance, and significant losses are possible.
While the company’s latest development brings more options for investors, Schwab maintains the right to delay or withdraw any token listing depending on regulatory changes or additional risk assessments.
Charles Schwab said Thursday it will add Solana, Avalanche and Chainlink to its retail crypto platform, and SOL rose 12.9% to lead the ten largest tokens. Ethena gained 21.9% after its research team proposed routing 95% of net revenue into ENA buybacks.
Bitcoin traded above $80,000 on Thursday as Charles Schwab told clients it will widen the list of tokens available in Schwab Crypto accounts, giving Solana, Avalanche and Chainlink access to a retail brokerage that has offered only bitcoin and ether since May.
The three named tokens outpaced the two Schwab already carries. SOL gained 12.9%, Chainlink 5.5% and Avalanche 3.6%, against 2.1% for bitcoin and 1.5% for ether. U.S. spot Solana ETFs have taken in $1.23 billion since launch and drew $3.6 million on Wednesday.
Bitcoin last changed hands at $80,020, up 2.1% over 24 hours and 10.4% over seven days, after trading between $78,294.85 and $80,793.49, CoinGecko data shows. It closed at $79,018 on Wednesday and had not settled above that level in the prior five sessions. Ether was at $2,504, up 1.5% on the day and 8% on the week. XRP added 6% to $1.46; Solana rose 12.9% to $109.13; BNB gained 1.6% to $710.12. Total crypto market value stood at $2.79 trillion, up 2.22% over 24 hours, on $99.4 billion of volume, with bitcoin dominance at 57.6%.
Among the 100 largest tokens, 71 are neither stablecoins nor tokenized funds or commodity tokens, and 63 of those rose on the day. Across the 150 largest, 16 non-stablecoin tokens declined.
The Crypto Fear & Greed Index read 71, or greed, on Thursday, against 65 on Wednesday and 41 on Aug. 18, according to Alternative.me.
Three New TickersSchwab said in a press release on Thursday that Solana, Avalanche and Chainlink will become available in Schwab Crypto accounts in the coming months. The platform has carried bitcoin and ether since its rollout in May, which The Defiant covered at launch.
"These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals," said Joe Vietri, Head of Digital Assets at Charles Schwab.
The release gives no date and no client or asset figures. Schwab has separately told advisors it is targeting mid-2027 for spot trading and custody in its registered investment advisor channel, which The Defiant reported this year.
SOL traded between $96.47 and $109.67 over 24 hours on $7.43 billion of volume, its market value at $63.7 billion. Chainlink was at $11.89, up 5.5% on the day and 11.7% on the week. Avalanche was at $7.50, up 3.6% and 4.5%.
Ethena Wants 95%Ethena's research team posted a proposal to activate the ENA fee switch on the Ethena governance forum at 1:59 p.m. UTC on Thursday, and ENA rose 21.9% to $0.1669 on $1.79 billion of volume, its largest one-day gain among the 150 biggest tokens after VeChain.
The post ties the size of the buyback to the supply of Ethena's synthetic dollar. "the share of protocol revenue directed to ENA buybacks increases at each USDe circulating supply milestone," it reads. Once the first milestone is reached, "95% of the net revenue from each of these business lines...would be directed to ENA buybacks." The named business lines are USDe savings, whitelabel stablecoins and a third the post calls Ethena [X].
Buybacks do not begin on approval. "These milestones will be subject to an ENA tokenholder vote, which will follow immediately after this post," the proposal says, and no vote link had been posted in the thread as of Thursday afternoon.
USDe circulating supply stands at $4.05 billion, DefiLlama data shows, against the ">$6bn" supply threshold, one of three conditions the Risk Committee set in its November 2024 fee switch parameters. Ethena holds $4.49 billion of total value locked and generates $310 million of annualized fees, of which $5.3 million currently reaches the protocol as revenue.
The Defiant covered the first attempt to switch on the fee in September 2025 and Wintermute's original call for revenue sharing.
Solana Validators VoteSolana's first on-chain validator governance vote covers three proposals filed to the Solana Foundation's governance repository: SGP-0001, a Solana constitution authored by Nick Almond of Jito and Tushar Jain of Multicoin; SGP-0002, which raises the disinflation rate from -15% to -30% and cuts emissions by about 18.9 million SOL over six years; and SGP-0003, which endorses a base inclusion fee plus a fully burned resource fee.
The repository's stated policy requires no minimum turnout and sets passage at two-thirds of For plus Against stake, with a three-epoch voting period. The governance FAQ states a one-third quorum and counts abstentions in the denominator. No tally has been published.
Solana Company, the Nasdaq-listed treasury vehicle, disclosed its positions on Aug. 21: for SGP-0001, against SGP-0002 and against SGP-0003. "We strongly believe that institutional adoption is a critical driver of Solana's growth, and institutions make decisions based on consistent, predictable structures," Chairman and CEO Joseph Chee said in the statement.
DeFi Development Corp. said Thursday morning it bought about 19,000 SOL at an average $98.14, taking its holdings to roughly 2,333,432 SOL and SOL equivalents, according to its release. The purchase is worth about $1.9 million.
Hedges Roll Off FridayBitcoin options expire on Deribit on Friday, and one market maker says the hedging around that expiry has been adding to the advance.
"Around $6.4bn of Bitcoin options settle on Deribit on Friday, with max pain near $69,000 and spot some 13% above it. Most of the open interest is in calls, so the desks that sold them have been buying spot to stay hedged as price rises. That buying isn't a view on the market, it's an obligation, and it has been adding to the move rather than capping it," said Martin Lee, Market Insights Lead at DWF Labs, in emailed comments.
"The larger event is still the September quarterly, which carries around 65% more open interest and expires in the same week as the Senate's procedural vote on the market structure bill and the Fed decision," Lee said.
Lee's note also said core PCE arrives Friday. The Bureau of Economic Analysis published the July report on Wednesday. The PCE price index rose 0.2% on the month and 3.7% over 12 months, and the core index rose 0.2% and 3.3%, according to BEA.
The Defiant could not independently confirm the $6.4 billion notional or the $69,000 level. A partial read of Deribit's public order book summary for the Aug. 28 expiry showed larger open interest in puts than in calls.
The Kansas City Fed's Jackson Hole symposium runs Aug. 27-29 on the theme "Financial Innovation: Implications for Payments and Policy." The bank has not published a program or speaker list.
Polymarket put the odds of no change at the Sept. 15-16 meeting at 68% and a quarter-point increase at 31%, against 1.1% for a cut, on $54.7 million of volume. Senate cloture on the CLARITY Act ripens Sept. 15, and The Defiant reported this month that traders had pushed passage odds into 2027.
ETFs Keep BuyingU.S. spot bitcoin ETFs took in $232.2 million on Wednesday, bringing the week to $884.1 million, according to Farside Investors. BlackRock's IBIT accounted for $200.8 million of Wednesday's total and Grayscale's GBTC lost $50.4 million. Spot ether ETFs took in $192.4 million on Wednesday and $487.8 million over the three sessions. Thursday's figures publish after the U.S. close.
Spot Solana ETFs took in $3.6 million on Wednesday, down from $32.2 million on Tuesday and $33.5 million on Monday. Cumulative net flow into the six funds stands at $1.23 billion.
DeFi total value locked rose 1.91% over 24 hours to $88.94 billion, DefiLlama data shows. Stablecoin supply grew 0.78% over seven days to $303.9 billion and 0.41% over 30 days, adding roughly $2.4 billion on the week.
Treasury yields were little changed. The 30-year closed at 5.18% on Wednesday and the 10-year at 4.66%, against 5.23% and 4.70% on Monday, Treasury data shows. The two-year held at 4.19%. Thursday's rates publish after the close. The S&P 500 rose 0.72% to 7,730.99 and the Nasdaq Composite gained 1.57% to 26,541.35. The SPDR Gold Shares ETF added 0.27%.
VeChain Runs Without NewsTokenPrice24h7dVeChain (VET)$0.007230+24.1%+41.3%Ethena (ENA)$0.1669+21.9%+55.6%Official Trump (TRUMP)$2.57+15.8%+54.8%Solana (SOL)$109.13+12.9%+25.5%Lighter (LIT)$3.73+12.4%+40.6%Ribbita by Virtuals (TIBBIR)$0.2743+9.9%+19.1%VeChain was the largest gainer among the 100 biggest tokens, and no dated announcement accompanied the move. The most recent post on VeChain's site is dated Aug. 6 and covers VIP-255, an upgrade the project calls Interstellar that packages 11 Ethereum improvement proposals; voting on it ran Aug. 10-17 and the activation block is set for September. VTHO, the gas token minted by holding VET, rose 8.2% over the same 24 hours against VET's 24.1%.
Official Trump rose 15.8% with no project news. The token is 96.5% below the $73.43 it reached in January 2025 and set a record low of $1.37 on Aug. 13.
Lighter's LIT extended its run to 40.6% over seven days. Founder Vladimir Novakovski holds one of the 43 seats on the CFTC's Innovation Advisory Committee, which met for the first time on Aug. 20; the agency has published nothing since a readout on Aug. 21, and neither Lighter nor the CFTC has announced a U.S. perpetuals offering. Lighter processed $16.15 billion of perpetual volume over seven days against $633 million of total value locked, third among perpetual DEXs behind Hyperliquid and Aster.
Kamino's KMNO rose 19.6% and Cash Cat 18%, both outside the 150 largest tokens.
Stacks Gives BackTokenPrice24h7dStacks (STX)$0.2531-5.2%+80.6%Bitway (BTW)$0.3985-3.5%+0.7%JUST (JST)$0.09696-3.5%-9.1%Canton (CC)$0.1121-3.1%+11.8%Beldex (BDX)$0.08014-1.2%-1.8%HTX DAO (HTX)$0.051693-0.9%-2.4%Stacks was the largest decliner among the 150 biggest tokens after an 80.6% week, alongside Falcon Finance's FF at 5.8%. No adverse announcement accompanied the decline. Stacks said Thursday that HashKey Cloud will take part in the first Bitcoin Staking Genesis Bond, and announced BitGo support for sBTC on Tuesday and Fordefi custody on Monday.
"HashKey Cloud brings the largest institutional staking operation in Asia into Bitcoin Staking, and that is exactly the kind of participant the Genesis Bond is built for," said Muneeb Ali, Founder of Stacks. "Institutions want their Bitcoin to earn Bitcoin without giving up custody or moving it off the base layer."
The Genesis Bond launches around Sept. 10 and starts at Bitcoin block 966,350, according to Stacks. Dual stacking ends at the same block. Restaking participation stood at 88% of STX after the PoX-5 upgrade went live on July 31.
Canton, the largest token to fall, has no announcement dated this week. JUST and HTX DAO, both on Tron, were down over seven days as well.
Prices and market data as of 4:45 p.m. ET on Aug. 27, 2026.
Charles Schwab plans to expand its crypto trading offering by adding spot trading for Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its Schwab Crypto platform, according to a statement on Thursday.
Charles Schwab to roll out SOL, AVAX, LINK trading for customersThe financial services firm announced that clients will be able to buy and sell SOL, AVAX and LINK in their Schwab Crypto accounts in the coming months. The additions will expand its crypto platform that already offers direct access to Bitcoin (BTC) and Ethereum (ETH) trading.
Schwab Crypto began rolling out digital assets trading to clients in May 2026, marking the company's broader push into the digital asset market. The latest additions are part of its plans to gradually expand its cryptocurrency offering with established digital assets that align with client demand.
"With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab," said Joe Vietri, Head of Digital Assets at Charles Schwab.
Vietri added that the new listings align with the firm's approach of providing access to familiar cryptocurrencies while offering investors education, tools and other resources to help them make informed decisions.
Schwab Crypto allows clients to view and trade cryptocurrencies alongside their traditional investments through Schwab.com, the Schwab Mobile app and the thinkorswim trading platform.
The firm charges 75 basis points on the dollar value of each crypto trade, which it described as among the lowest pricing in the industry.
The addition of SOL, AVAX and LINK will further broaden the range of cryptocurrencies available through the platform following the introduction of Bitcoin and Ethereum trading earlier this year.
Schwab added that it intends to continue expanding Schwab Crypto over time, with additional digital assets expected to be added to the platform.
US financial companies expand crypto services for institutional clientsCharles Schwab's announcement comes as major US traditional financial institutions continue to adopt different approaches to crypto products.
JPMorgan Chase expanded its institutional digital asset services, including custody and blockchain-based wholesale settlement through JPM Coin.
Goldman Sachs and Morgan Stanley have primarily provided wealthy and institutional clients with crypto exposure through investment products, private wealth management services and spot Bitcoin exchange-traded funds (ETFs).
Meanwhile, State Street and BNY Mellon have focused on building institutional digital asset infrastructure, including cryptocurrency custody and administration services.
Solana, Chainlink and Avalanche are popular for their real-world asset tokenization initiatives with traditional financial institutions, fintech companies and real-world applications.
The move also comes amid a recovery across the broader crypto market, with SOL, AVAX and LINK also rising 13%, 6% and 4% in the past 24 hours at the time of writing.
The brokerage will open SOL, AVAX, and LINK trading to nearly 40 million brokerage accounts in the coming months, its first token additions since launching with bitcoin and ether.
Original Image Credits: CLS Digital Arts / Shutterstock.com
Posted August 28, 2026 at 6:34 am EST.
Charles Schwab announced plans on Thursday to add Solana, Avalanche, and Chainlink to Schwab Crypto, the first expansion of the platform’s token list beyond bitcoin and ether. The company said the three assets will be available for clients to buy and sell in the coming months and gave no firmer date.
Schwab Crypto operates through Charles Schwab Premier Bank, SSB, and charges 75 basis points on the dollar value of each trade. Schwab presents the rate as competitive, though crypto-native exchanges generally charge less. Accounts are unavailable in New York and Louisiana and in US territories. Joe Vietri, Schwab’s head of digital assets, said the additions give clients “more choices to build a digital asset allocation” alongside the investing and banking services they already use.
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Distribution is what makes the listing matter. Schwab held $13.04 trillion in client assets and 39.9 million active brokerage accounts at the end of July, so shelf space here reaches retirement and advisory money that has never opened an account at Coinbase or Kraken. For SOL, AVAX, and LINK, that is a change in the composition of the buyer base rather than a short-term trading catalyst.
Schwab has been layering on crypto exposure across products: it began rolling out spot bitcoin and ether trading earlier this year, added 24/7 crypto futures on bitcoin, ether, solana, and XRP through thinkorswim in June, and is preparing S&P 500 event contracts with Cboe.
And Schwab said it will keep adding cryptocurrencies and digital assets over time. Its disclosures still describe digital currencies as purely speculative instruments that are not deposits, not FDIC insured, and not protected by SIPC.
Related Listen: Should Tokenized Stock Only Come From Issuers? Yes, Says Carlos Domingo
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
In brief Schwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.” Schwab Crypto began rolling out with Bitcoin and Ethereum in May. Eligible clients pay a 0.75% fee on each crypto trade. Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date.
The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.
Myriad: Solana's next price move? Click to make your prediction.“With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab,” Joe Vietri, Schwab’s head of digital assets, said in a statement. “These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals.”
Solana is designed for fast, inexpensive transactions and hosts apps for trading, payments and gaming. Avalanche allows businesses and developers to create blockchains tailored to specific apps. Chainlink connects blockchains to outside information, supplying smart contracts with data such as asset prices.
Schwab said clients will be able to buy and sell the cryptocurrencies on its website, mobile app and thinkorswim trading platform. Each trade will carry a fee of 75 basis points—financial shorthand for 0.75%, or $7.50 on a $1,000 transaction—which Schwab described as among the industry’s lowest.
In 2024, the company said it would enter the market once U.S. regulations offered a clearer path. It confirmed plans to start with Bitcoin and Ethereum in April 2026, followed by a phased client rollout in May.
The company is also considering other digital-asset products. CEO Rick Wurster said in 2025 that Schwab wanted to explore offering a dollar-pegged stablecoin, though it has not announced one.
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An attacker drained over $653,000 from card collateral vaults at Avici, a Solana neobank whose own documentation promised that only a user’s wallet could ever move that money.
The token Avici (AVICI) has since fallen by about 40% to $0.24. The sum taken equals close to a fifth of its entire market value.
AVICI Price Performance. Source: CoingeckoWhat the Avici Exploit BrokeAvici sells a Visa credit card backed by USDC. Users lock the stablecoin in a smart contract, and spending draws it down. Third National issues the card, not Avici.
“Only user’s wallet can withdraw funds from escrow contract after deducting the spends,” the company’s documentation states, indicating who holds the keys.
On Friday, the vaults emptied anyway, with a live tracker counting $653,548 pulled out as of this writing
Avici Attack. Source: Live TrackerSelf-custody set out who could not take the money. It did not remove every privileged path written into the program itself. That gap is where the funds went.
On-chain researchers say the attacker submitted a crafted signature bundle, made itself an admin on the escrow accounts, then withdrew. Avici has not confirmed that method.
more info on the ongoing @avici hack ⚠️
> drain started 2 hours ago (5PM UTC) and is still ACTIVE !!
> over $1M exploit confirmed so far
> over 9000 users affected so far
> exploiter wallet address: FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj
> hacker transferred out over $1M… https://t.co/jG4iXbda1i pic.twitter.com/IHLmkPN10B
— inno (@inno_sol) August 28, 2026
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Why This Is Not a Treasury HackEach customer holds a separate escrow contract. So the money was left account by account. There was no single pot to empty.
It suggests a familiar pattern, such as when a Solana governance attack took $20 million from one BONK DAO treasury in a single stroke.
Associated tokens rarely shrug such incidents off, which is why the AVICI token fell almost 40%. In the same way, a bridge breach sent Midnight’s token to a record low in July.
Midnight (NIGHT) Token Price Performance. Source: BeInCrypto MarketsAvici has said only that it is aware of an issue affecting card balance withdrawals. No post-mortem has followed.
We’re aware of an issue affecting card balance withdrawals and are closely monitoring the situation.
We’re working directly with all relevant partners to resolve it and will share updates as soon as we have more information.
— Avici (@avici) August 28, 2026
The company has not said whether the remaining vaults can still be called, or whether card settlement with Third National is affected.
Iran's Foreign Ministry: Vows to Resolutely Respond to Any Military Aggression by the Enemy
Iran's Foreign Ministry announced that Iran's armed forces launched an attack on a U.S. military base in Jordan in retaliation for the U.S. strike on Iran's Larak Island. The ministry emphasized that Iran's armed forces will not hesitate to exercise their inherent right to self-defense and will take appropriate, resolute responses to any military aggression by the enemy. The U.S. strike on parts of Larak Island violated Iran's national sovereignty and territorial integrity, and constituted a clear violation of the UN Charter. It called on the UN Security Council and the UN Secretary-General to fulfill their duties to maintain international peace and security and hold the aggressor accountable. Iran's Foreign Ministry also stated that the U.S. and all parties supporting its military operations bear full responsibility for the consequences of the escalating situation. It further noted that the U.S. base in Jordan was used to launch and support the attack on Larak Island, adding that the U.S.'s new act of aggression, along with the ongoing impacts of its maritime blockade and economic war against Iran, are the full responsibility of the U.S. and all parties involved in planning and executing the relevant actions. Earlier reports showed that Tasnim News Agency cited Iran's military as claiming to have launched dozens of drones at the UAE's Al Minhad Air Base. Separately, Iran's state television reported that the Iranian military carried out a drone attack on the Al Minhad Air Base in the UAE earlier on Monday.
7 minutes ago
Latest Assessment by US VCs After China Visit: AI Capabilities Need to Cross the Pacific Twice to Be Sold to US Clients
Beating AI Insight News Brief: U.S. venture capital firm Dimension spent a week in China, visiting AI labs, investors, and founders, then wrote a 5-page internal letter to its limited partners (LPs). The firm previously conducted research in Shanghai last year; this trip covered Beijing and Shanghai, with the goal of recalibrating its assessment of China’s AI sector. A key finding highlighted is that China’s open-weight models have entered the production pipelines of U.S. AI companies. For example, Cursor’s Composer 2 was further trained on Kimi K2.5, while legal AI firm Harvey’s Tenet model underwent post-training on Kimi K3. Dimension summarized this cross-Pacific value chain as a "two-way trans-Pacific flow": U.S. labs first train cutting-edge models, Chinese labs absorb these capabilities and release open-weight models, then U.S. application companies further train on the Chinese models to build products sold to U.S. enterprises. However, despite surging usage, revenue has not accrued proportionally to Chinese model firms. Dimension summed this up in one sentence: "China is getting Western workloads, not Western revenue." Open-weight models can be deployed across multiple platforms, with U.S. inference firms like Fireworks, Baseten, and Modal capturing the bulk of service fees. Chinese models drive down costs, ultimately benefiting U.S. cloud providers, inference platforms, and AI application companies as well. Dimension’s final assessment is that it is no longer feasible to simply split China and U.S. AI into two separate systems. Hardware like chips is being decoupled: the U.S. faces constraints from power and grid infrastructure, while China lacks advanced chips. Yet models, data, inference services, and software frameworks continue to flow across borders. Debating "which side is winning the China-U.S. AI race" in simplistic terms no longer reflects the real industrial chain.
7 minutes ago
Midday close of A-shares: The Shanghai Composite Index fell 0.2%, and the ChiNext Index dropped 1.29%.
This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.
7 minutes ago
Hyperliquid launches PONS perpetual contract, now trading at $0.33.
According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.
7 minutes ago
Russia's crypto trading volume is projected to reach $46.43 billion in its first year.
According to TASS, Anatoly Popov, deputy chairman of Russia's Sberbank, said Russia's cryptocurrency trading volume is expected to top 4 trillion rubles (around $464.3 billion) in its first year, and could hit 7.5 trillion rubles (about $870.6 billion) by 2029. Popov noted that data from Russia's Ministry of Finance shows as of February this year, Russia's daily cryptocurrency trading volume was roughly 50 billion rubles, translating to an annual volume of about 18 trillion rubles. SberCIB investment research analysts, taking a more conservative stance, project that after cryptocurrency is legalized, roughly 20% of the annual trading volume — equivalent to 3.5 trillion to 4 trillion rubles — will be executed on trading platforms in the first year. This figure is forecast to rise to between 4.75 trillion and 5.25 trillion rubles by 2028, and reach 7.5 trillion rubles by 2029.
7 minutes ago
美国银行：上周创2025年10月以来加密基金最大单周流入记录
According to data from Bank of America, crypto funds recorded $3.2 billion in inflows last week, the largest single-week inflow since October 2025.
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Rockstar Games broke its silence on the GTA 6 leaks on Wednesday, calling the past week heartbreaking for its team. The studio said the November 19 release date still stands.
The message lands one day before a Netflix extended look that aims to reset the story. Take-Two Interactive stock closed at $232.93 on Tuesday, down 0.24%.
Rockstar Apologizes as GTA 6 Leaks Spoil the RevealThe studio opened with an apology instead of a defense. Rockstar told players it never wanted them to see the game this way, and it thanked fans who sent messages of support.
More telling, however, was a parenthetical aside about development progress.
“We are very sorry that everything has taken as long as it has … from getting the game finished (nearly there!) to sharing more details and official gameplay.”
That line is the clearest status update Rockstar has offered since the delay. Meanwhile, the studio admitted that spoilers may now dull the experience it designed.
Rockstar also flagged a second slip. The extended look took longer to get ready than the team wanted, a rare hint at internal timing pressure.
The leaks began on Aug. 18 and never let up. Clips showed protagonist Jason shooting hoops, flying a plane and triggering a six star wanted level, alongside map images of the fictional state of Leonida.
Take-Two Interactive Software Stock Chart. Source: TradingViewInvestors had already priced in the damage. Take-Two lost $2.83 billion in market value across two sessions, and the stock sits 9.61% lower for the year.
The stakes reach beyond one publisher. Console makers raised hardware prices this summer while positioning for the biggest launch in gaming.
Take-Two Turns to the Courts and NetflixLegal pressure escalated first. On August 20, Take-Two filed two subpoenas in the Southern District of New York, naming Microsoft and Discord.
The filings demand device identifiers, login IP addresses, phone numbers, and linked accounts for members of three Discord servers since June 1. Both companies face a September 4 deadline.
The publisher wants the identity behind CyberLeek, the group that has released the footage in daily batches.
CyberLeek frames the campaign as a protest rather than theft, citing opposition to digital-only preorders. Yet the group has meanwhile monetized the attention. It now asks for 400 Monero (XMR), roughly $165,000, simply to open a conversation about ad space on future drops.
Crypto traders moved faster than Wall Street. An unaffiliated CYBERLEEK meme coin rallied 1,400% during the fallout, while a tokenized TTWO listing on Solana handed traders another way to bet on the outcome.
Rockstar now gets one clean shot at the narrative. Thursday’s extended look will test whether official gameplay can outrun eight days of stolen clips before the November 19 launch.
Meme coins named after Pitbull’s upcoming album Pitcoin rallied roughly 100% today, with the busiest token logging $583,231 in daily volume.
The rapper promoted the project on X. None of the tokens trading under the Pitcoin name carry any endorsement from him or his label.
Pitbull Minted a Title, Someone Else Minted the TokenBillboard first reported the album title on August 12. Pitbull, born Armando Christian Pérez, releases Pitcoin in early October.
Trading data shows the leading PITCOIN token’s Solana (SOL) pool went live on August 12. That places its creation on the same day Billboard published the album title.
Pitcoin-Themed Coins Trading on Solana and Robinhood. Source: GeckoTerminalThe token trades on PumpSwap and holds $54,387 in liquidity. Its daily volume runs about 14 times higher than the next busiest Pitcoin pool.
A newer version in a Uniswap V4 pool on Robinhood’s chain rose 207% in under seven hours. It carries a $35,475 valuation.
Most copycats stayed small. Dozens of tokens now trade under the Pitcoin name, and most hold market caps below $3,000.
Pitbull’s post drew 115,500 views and directed fans to a pre-save page.
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Copycat Tokens Follow a Familiar PatternCopycat meme coins rallies follow a familiar script. Elon Musk posted a Dogefather image in February 2025. Developers launched fresh Dogefather coins within hours. Moreover, two tokens using that name jumped 122% and 137%.
The pattern repeats whenever a name goes viral. Musk changed his X display name to Gorklon Rust in May 2025, and new Gork tokens spiked as much as 7,000%.
Ye faced the same problem before releasing YZY. He warned followers in February 2025 that every coin using his brand was fake. The rapper then launched the YZY coin in August last year.
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TLDR: RWA.xyz tracked $38.35B in distributed assets on-chain, up 1.54% in 30 days as holders neared 3 million. Ethereum led distributed RWAs with $17.3B, ahead of BNB Chain at $5.8B and Solana at roughly $4.1B on-chain. Tokenized stock transfer volume jumped over 415% to $29.5B in 30 days, while distributed value hit $2.54B. Ondo Finance offers 440+ tokenized stocks and ETFs, showing how RWAs are expanding beyond Treasury products. Binance co-founder Changpeng Zhao has acknowledged that he underestimated real-world asset tokenization as on-chain assets approach a $39 billion market value. Speaking during a Binance Clubhouse Bali 2026 community Q&A published August 23, Zhao said he paid little attention to RWAs 18 months earlier.
CZ: I Definitely Underestimated the Growth of RWA
Binance founder Changpeng Zhao (CZ) @cz_binance said during the Binance Clubhouse Bali 2026 Community Q&A on August 23 that until about a year and a half ago, he did not expect RWA to grow to such a large scale, but now he is… pic.twitter.com/jPnJ9tV3ms
— Wu Blockchain (@WuBlockchain) August 30, 2026
That view has changed as traditional financial instruments increasingly move onto blockchain networks. Zhao said 24/7 trading, transparency, lower fees, and global access now give tokenization clear advantages over traditional market structures. He also noted that earlier crypto trends, including NFTs and memecoins, grew far beyond his initial expectations.
CZ Reassesses RWA Growth as On-chain Value Nears $39B The market data now helps explain CZ’s shift in perspective. RWA.xyz recorded $38.35 billion in distributed real-world assets on-chain as of August 28, excluding stablecoins. That total increased 1.54% over 30 days, while the number of asset holders more than doubled during the same period.
Nearly 3 million wallets now hold distributed RWAs, reflecting a 104% monthly increase. Separately, RWA.xyz tracked $380.88 billion in represented asset value across the broader tokenization market.
Source: RWA.xyz
Ethereum remained the largest blockchain for distributed RWAs, holding about $17.2 billion. BNB Chain followed with $5.7 billion, while Solana accounted for approximately $4.1 billion. Within that market, tokenized Treasury products remain among the sector’s largest individual assets.
Circle’s USYC stood near $2.88 billion, while BlackRock’s BUIDL reached roughly $2.76 billion. Ondo Finance’s USDY followed at about $2.19 billion. However, tokenized equities are becoming a faster-growing segment.
Monthly transfer volume for tokenized stocks surged more than 415% to $29.5 billion during the latest 30-day period. Their distributed value reached $2.54 billion, representing growth of about 637% from one year earlier.
Ondo Finance has also expanded the practical reach of tokenized equities. The platform now offers more than 440 tokenized stocks and exchange-traded funds to eligible non-U.S. investors across several blockchains.
Tokenized Stocks Surge as Regulation Moves Closer The expansion of Tokenized Assets is also unfolding alongside clearer regulatory discussion in the United States. The Securities and Exchange Commission issued January guidance explaining how federal securities laws apply to tokenized securities.
The guidance distinguished issuer-sponsored tokens from third-party tokenized products, giving the market a clearer framework for understanding different token structures. SEC Chair Paul Atkins later said the agency’s 2026 agenda includes clearer rules covering custody and trading of tokenized securities on-chain .
Meanwhile, CZ did not describe RWA growth as crypto’s next guaranteed dominant trend. Instead, he grouped RWAs with perpetual decentralized exchanges and AI agents as emerging sectors that could shape the industry’s next phase.
His reassessment nevertheless reflects a measurable shift in the market. Tokenized Assets now span government debt, equities, commodities, credit, and other traditional instruments, while distributed value has moved close to $39 billion.
For CZ, the change is less about predicting the next crypto narrative and more about recognizing an existing market transformation. RWAs have moved from a niche concept toward financial infrastructure with rapidly growing users, assets, and transaction activity.
TLDR An exploited security flaw in a legacy Rain card smart contract resulted in approximately $1.1 million drained from various Solana-based platforms Avici suffered $500,800 in damages impacting 1,685 cardholders; Tria experienced losses exceeding $430,000 affecting 636 users AVICI token plummeted 49% from its daily peak, reaching an all-time low of $0.217 The stolen stablecoin funds were converted to SOL, transferred to Ethereum, and laundered via Tornado Cash Avici and Tria have both committed to fully reimbursing impacted customers; Avici submitted a complaint to federal authorities A security weakness in a deprecated smart contract has resulted in a $1.1 million theft targeting several Solana-based crypto card platforms, with neobanks Avici and Tria bearing the brunt of customer losses.
⚠️ALERT: Crypto neobank Avici is being drained in an apparent ongoing attack.
More than $1 MILLION has left card collateral accounts on the Solana-based platform, per on-chain data, with the attacker's wallet funded through the deBridge cross-chain bridge.
Avici says it is… pic.twitter.com/n2pul5Bkrs
— Coin Bureau (@coinbureau) August 28, 2026
Rain, the infrastructure provider offering stablecoin card services as a Visa principal member, confirmed that its security monitoring identified the weakness in a legacy contract version. All platforms operating on the compromised version received immediate upgrades, with Rain confirming no subsequent malicious activity has been detected.
The perpetrator leveraged the security gap by continuously submitting signed authorizations, inserting themselves as administrators on individual card-collateral wallets, and extracting the funds.
Following the theft, the stablecoins were converted to Solana, transferred across the bridge to Ethereum, and subsequently routed through the Tornado Cash mixing service.
Avici Suffers Largest Losses Avici, a self-custody neobank enabling users to spend cryptocurrency through a Visa-linked credit card, disclosed losses of $500,800 impacting 1,685 cardholders.
According to the platform, the breach was confined to a specific Solana smart contract housing funds deposited when customers loaded their card balances. User-controlled wallets on Solana and Ethereum-compatible chains remained secure and unaffected.
Avici committed to fully compensating all impacted card balances. Additionally, the firm submitted an official complaint to the FBI’s Internet Crime Complaint Center. Details regarding reimbursement timing and the capital source remain undisclosed.
Following the breach, the AVICI token collapsed 49% from its 24-hour peak of $0.43 to an unprecedented low of $0.217, later stabilizing around $0.378.
Avici Price Tria Confirms Breach, Commits to Complete Restitution Tria, another neobank utilizing Rain’s infrastructure, disclosed that 636 users were compromised, with aggregate losses surpassing $430,000.
Tria guaranteed complete reimbursement for affected customers. The platform’s native token also experienced volatility, declining over 10% temporarily after the incident became public.
Both companies have refrained from identifying additional affected platforms, and the comprehensive loss figure across all compromised services remains unclear.
The discrepancy between the $1.1 million tracked through blockchain analysis and Avici’s disclosed losses indicates that additional Rain-integrated platforms likely suffered breaches as well.
Industry Context This security incident occurs amid rapid expansion in crypto card adoption. Monitored crypto-card transaction volume surged more than threefold to $1.04 billion in July, with stablecoins accounting for 70% of over 10 million transactions.
The exploit underscores a critical custody distinction for consumers. Assets stored in Avici’s self-custodial wallets remained protected, but funds transferred to card balances entered a third-party contract infrastructure where the vulnerability existed.
According to Avici’s service agreements, Third National functions as the official card issuer, with Rain supplying the underlying technological framework.
Key Takeaways A Solana-based token called Trump Digital Gold (GOLD) reached a $66 million valuation before plummeting 99% within approximately 30 seconds Insider wallets controlling 82.45% of total supply liquidated their positions, netting around $1.01 million worth of Solana The token received promotion from a verified X account associated with Trump merchandise, though no Trump family authorization was established Just seven days prior, Eric Trump publicly dismissed rumors of any new coin launch, labeling such claims fraudulent The incident follows a pattern of politically themed token scams on the Solana network A cryptocurrency token branded as Trump Digital Gold emerged on the Solana network Saturday morning, only to shed virtually all its value in a matter of hours. Blockchain data analysts attributed the dramatic collapse to coordinated selling by a handful of wallets holding the majority of tokens.
⚠️ ALERT: Trump-linked account appears to have been HACKED to promote a “Trump Digital Gold” rug pull.
A post promoting $GOLD appeared on ‘realtrumpcoins1,’ an account followed by the official Trump account and linked as a merchandise partner to the Trump Organization.$Gold… pic.twitter.com/pt8XhkdgJz
— Coin Bureau (@coinbureau) August 29, 2026
The digital asset was deployed at 7:38 a.m. and rapidly gained traction following promotion from the X account @realtrumpcoins1, which shared the token’s contract address. The account features a verification checkmark and commands over 42,000 followers. Its profile claims official partnership status with the Trump Organization, and Donald Trump himself follows this account.
This perceived connection sparked immediate buying interest. Solana’s rapid deployment capabilities enabled market participants to acquire tokens within moments of the promotional announcement.
Market Cap Peaks at $66 Million Before Catastrophic Drop Heavy trading activity propelled the token’s valuation to $66 million around 9 a.m. Price fluctuations persisted for multiple hours until the promotional content vanished at 11:48 a.m.
According to blockchain investigator EmberCN, addresses associated with the token’s creation offloaded 824.54 million tokens—representing 82.45% of the entire supply—in exchange for 9,784.6 SOL tokens valued at approximately $1.01 million. This massive liquidation caused the market capitalization to crater from $55 million to $1 million in roughly 30 seconds.
Analytics platform Lookonchain identified 15 interconnected wallets that accumulated positions prior to the promotional post’s appearance. These addresses subsequently exited their positions for combined profits near $330,000, based on Lookonchain’s analysis.
By early afternoon hours, the market cap had deteriorated to roughly $700,000, marking a nearly 99% decline from its zenith.
Trump Family Authorization Remains Unverified Donald Trump and his family members issued no public statements endorsing or acknowledging the token. Eric Trump had specifically addressed comparable speculation exactly one week before, on August 22.
“What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud,” he wrote.
The promotional account subsequently removed its content. The associated website, realtrumpcoins.com, operates on a domain distinct from the Trump Organization’s legitimate retail platform.
Scheme Resembles Previous Solana Token Scams This collapse follows an established blueprint. Concentrated token ownership combined with social media hype and swift liquidation has characterized multiple Solana token schemes.
A token designated BARRON, similarly referencing a Trump family member, executed an identical pattern in January 2025. An insider address converted a modest initial investment into profits exceeding $1 million following the token’s surge.
The Securities and Exchange Commission has issued warnings about fraudsters exploiting social media to artificially inflate token valuations before dumping positions. Staff guidance issued in February 2025 indicated that meme coins typically fall outside federal securities regulations, providing purchasers with minimal legal recourse.
At publication time, no law enforcement entity had publicly disclosed the identities of the wallet controllers.
A cryptocurrency token known as Trump Digital Gold experienced a dramatic rise and collapse after launching on the Solana network, with its value dropping nearly 99% just hours after debut.
Pump-and-dump triggers massive lossesTrump Digital Gold was deployed at 7:38 a.m. and quickly attracted buyers after the verified X account @realtrumpcoins1 announced its contract address. The account, which boasts more than 42,000 followers and is followed by Donald Trump, lists itself as an official merchandise partner to the Trump Organization.
The perceived link to the Trump brand led to a surge of interest and buying activity. Solana’s fast transaction speeds enabled users to purchase the token within seconds after the social media post appeared.
Trading activity spiked, driving Trump Digital Gold’s market capitalization to $66 million by 9 a.m. However, as trading volume held steady and the post was deleted around 11:48 a.m., the situation shifted rapidly.
Blockchain analytics firm EmberCN reported that wallets associated with the token’s creators liquidated 824.54 million tokens, representing 82.45% of the total supply, in exchange for 9,784.6 SOL, which equates to about $1.01 million. The sudden sales triggered a collapse in the token’s value, causing the market cap to plunge from $55 million to roughly $1 million in around thirty seconds.
Lookonchain, an on-chain analytics platform, identified 15 linked wallets that amassed significant allocations before the promotional post. These early accumulators collectively exited their positions for an estimated profit near $330,000.
By the afternoon, the market capitalization had shrunk to around $700,000, marking a near total loss from earlier highs.
EventTimeMarket CapNotable TransactionsToken launch7:38 a.m.$0Deployment on SolanaPeak value9:00 a.m.$66 millionHeavy trading startsToken sale by insidersShortly after 11:48 a.m.$55 million to $1 million82.45% supply liquidated for $1.01 million in SOLAftermathEarly afternoon$700,000Value drops nearly 99%Trump family issues, endorsement unconfirmedNo members of the Trump family publicly acknowledged or endorsed the Trump Digital Gold token. Eric Trump, the son of former US President Donald Trump, directly addressed similar rumors a week before the incident, making clear that no such project had official backing.
“What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud,” wrote Eric Trump.
Following the rapid collapse, the X account that promoted the token deleted its posts, and the associated website operated on a domain distinct from the official Trump Organization platform.
Mini dictionary: Lookonchain is a blockchain analytics platform that tracks on-chain activity, helping to identify unusual patterns or potential scams by monitoring token movements, wallet interactions, and market behavior across major blockchains.
Pattern of Solana meme token scamsThe failure of Trump Digital Gold resembles several previous schemes on the Solana network. These typically involve heavily concentrated token ownership, aggressive social media marketing, and rapid insider liquidation that leaves retail traders with large losses.
A similarly named token, BARRON, linked to another Trump family reference, followed an identical pattern in January 2025. In that case, an early insider turned a small initial holding into over $1 million in profit once the token surged and crashed.
The Securities and Exchange Commission has repeatedly warned investors about social media-driven schemes designed to artificially boost token prices before major holders sell for substantial profits. Staff guidance released in early 2025 indicated that meme coins generally fall outside the scope of US securities regulation, limiting options for recourse in such cases.
As of the latest reports, authorities have not publicly identified the individuals behind the wallets involved in the Trump Digital Gold event.
Real Trump Coins, a project known for issuing Trump-themed digital assets, stated that it did not launch, promote, or authorize the Trump Digital GOLD token. This clarification came after confusion emerged on social media regarding its association with the recently launched token on the Solana blockchain.
Denial of involvement and security concernsThe Real Trump Coins X account briefly promoted the GOLD token on Saturday, encouraging users to visit RealTrumpCoins.com, which also advertised the asset. Following public scrutiny, the X posts were deleted, and the account updated its link to TrumpCoins.com, distancing itself from the GOLD promotion.
In a public statement, Real Trump Coins said it had neither authorized nor would ever launch, promote, or support any digital token. The group said it was cooperating with authorities to investigate what it described as actions by “third-party bad actors.”
“Trump Coins has not authorized and will not launch, promote, or authorize any digital token,” the project announced in an X post, adding that it was working with authorities to investigate the situation.
The chain of events pointed to the possible compromise of both the X account and the associated domain. Some observers, including X user Rune, questioned how simultaneous unauthorized access could have occurred across multiple platforms. The Real Trump Coins X account continued referencing RealTrumpCoins.com in its posts as recently as August 25, further deepening the confusion for followers and investors.
Launch of GOLD token and wallet concentrationOn-chain analytics platform Lookonchain reported that the launch of GOLD was highly concentrated among a small group. Lookonchain’s research showed that the developer and newly created wallets held 82.45% of the total token supply at launch. The platform tracked 15 wallets linked to the project’s team, noting that these addresses sold their holdings for approximately $330,000 and realized about $312,000 in profit.
Such distribution patterns can raise concerns about price manipulation and market integrity within new token launches.
Mini dictionary: Lookonchain is a blockchain analytics service that tracks and analyzes large transactions, wallet behavior, and token launches to provide insight into on-chain activity for the cryptocurrency community.
TokenBlockchainTeam-linked WalletsTotal Supply HeldReported ProceedsEstimated ProfitGOLDSolana1582.45%$330,000$312,000Lingering concerns and online presenceAs of the latest updates, RealTrumpCoins.com continued to display the GOLD token promotion. Meanwhile, Donald Trump continued to follow the Real Trump Coins X account, which remained among only 53 accounts that he followed on the platform.
Confusion persisted in the community about the security of these accounts and the exact sequence of events, especially given the records of account activity pointing to recent posts directing followers to the RealTrumpCoins.com website.
The situation developed amid broader scrutiny over digital assets associated with Donald Trump. A separate report by consumer advocacy group Public Citizen recently claimed that Trump’s crypto-related “schemes” had cost investors $4.7 billion.
Observers questioned how both the X account and the associated domain hosted GOLD promotions, while official statements denied any involvement with the token launch.
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With one of its biggest comebacks of 2026, Solana has a significant advantage over Hyperliquid thanks to its most recent technical structure: SOL has already overcome the long-term resistance that typically divides a brief rally from a more significant reversal.
Solana is back at growthAfter surging from roughly $75 in the second half of August, SOL is currently trading at about $104.65. The cryptocurrency gained about 45% from the consolidation range at its most recent peak, momentarily rising above $110. What matters is where that move took place. Before attacking the much more important cluster near $90, SOL broke through the 50-day and 100-day moving averages around $80.78 and $82.46.
SOL/USDT Chart by TradingViewCurrently, the 20-day EMA and 200-day moving average are at roughly $90.06 and $90.18, respectively. Solana punched straight through the 200-day average on increasing volume rather than being rejected right away. The current price is over 15% higher than that indicator.
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When evaluated from a relative technical perspective, this gives SOL a stronger technical foundation than assets that stay stuck below their long-term trend resistance, such as Hyperliquid. Instead of breaking its 200-day average, Solana must now defend it. However, there is a clear immediate issue.
Solana being pushedDuring the breakout, SOL experienced severe overbought conditions. The daily RSI rose above 80 before falling to about 73.4. Although momentum is still very strong, chasing the asset between $105 and $110 is much riskier than it was between $80 and $90. Following the breakout burst, volume is also starting to return to normal. Because of this, consolidation is more likely.
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The recent peak between $110 and $111 continues to be the first immediate obstacle. Breaking it would allow SOL to compete in the $115–$120 range. A retracement toward $100 and then the critical $90 area could occur if the price does not keep rising. The current technical line in the sand is that $90 area.
A successful retest would bolster the claim that Solana has entered a true trend reversal and verify that previous long-term resistance has turned into support. Thus, SOL's current advantage is structural: the challenging breakout has already taken place. The next question is whether buyers will be able to hold it.
Solana (SOL) is seeing renewed optimism among investors, driven by increased whale accumulation and strengthening signals of bullish market sentiment. Significant purchases by large holders have added momentum to the token as it consolidates support in the wake of rising market activity and improving network participation.
Whale activity stimulates market attentionAt the time of writing, SOL trades at $105.04 with a 24-hour trading volume of $1.88 billion and a market capitalization of $61.46 billion. The token registered a 1.19% gain over the last day, pushing its price structure closer to a potential bullish reversal, according to price charts and on-chain data.
Lookonchain, an on-chain analytics platform, reported that notable whale movements have reappeared in the Solana market after a period of reduced large-scale trading activity. This resurgence has led to increased discussions around the possible implications for both price and broader market sentiment.
One transaction by wallet 6ESYXA drew particular attention. After nearly eight months of inactivity, this wallet acquired 76,856 SOL—approximately $8 million worth—from the Hyperliquid exchange, highlighting a significant return of capital from long-term holders.
Mini dictionary: Whale, a term in cryptocurrency for an individual or entity that holds large amounts of a particular token or coin, and whose trades have the potential to significantly impact market prices.
Analysts noted that large-scale purchases by whales could spark additional buying interest if similar transactions continue. These influential participants are closely watched, as their activity often precedes shifts in broader investor sentiment.
Market observers have suggested that sustained accumulation by whales, combined with improving network activity and higher trading volumes, could support a more robust bullish outlook for Solana in the coming months.
Speculation grows over $1,000 milestoneAnalyst curb pointed to a notable uptrend in positive sentiment toward Solana, indicating that technical and market indicators are aligning toward a more optimistic outlook. While few commit to firm predictions, some market commentators have pointed to the potential for SOL to reach the $1,000 threshold in the long term, provided that network and ecosystem improvements persist.
Achieving such a milestone would require both a rise in Solana’s valuation and sustained investor commitment. While this scenario currently remains speculative, analysts maintain that underlying conditions—such as increased network adoption, consistent liquidity, and robust trading activity—could pave the way for significant upward movement.
Short-term volatility and narrative shifts have prompted some to urge caution, emphasizing the importance of a long-term perspective to avoid the effects of misleading market moves.
Some experts argue that if the pace of whale accumulation and bullish trading patterns continue, SOL could establish firmer support levels and attract further interest, provided the overall cryptocurrency market maintains its upward trajectory.
MetricCurrent DataPrice$105.04Market Cap$61.46 billion24h Trading Volume$1.88 billionRecent Whale Purchase76,856 SOL (~$8 million)Market outlook and key factorsThe general upward trend in the cryptocurrency market has also lent support to Solana’s recent price gains, with rising BTC prices contributing to increased confidence across digital asset classes.
Future prospects for Solana will largely hinge on the continuation of regular whale buying, higher network participation, and the ability of SOL to maintain elevated trading volumes. The emergence of new support levels may depend on these factors alongside market-wide sentiment.
Whale accumulation, if sustained, is expected to reinforce bullish sentiment, increasing anticipation for the possibility of Solana approaching $1,000 in the longer-term.
Solana Foundation Vice President of Technology Jacob Creech outlined several upcoming Solana upgrades on Aug. 30. Transaction V1 is scheduled for Sept. 9, while the first stage of a network rent reduction is expected during the week beginning Aug. 31.
Summary
Solana plans to activate Transaction V1 on September 9, increasing transaction size to 4,096 bytes. The first rent reduction stage begins next week, starting a five-step path toward 90% savings. Solana already cut target slots to 350 milliseconds, with 300, 250 and 200 planned later. Alpenglow remains targeted for October, with Solana aiming for approximately 150-millisecond finality after mainnet activation. Legacy and version-zero transactions remain compatible because developers must opt into the larger V1 format. Creech also said developers plan to shorten slot times further and target October for Alpenglow. However, these changes follow separate activation processes. Transaction V1 will not automatically reduce slot times or activate Alpenglow.
There are a lot of major changes happening soon
– Next week: First step down in rent reduction
– Sept 9: Transaction V1 goes live
– Dropping slot time even further
– October: Alpenglow
Then we all meetup at Scale or Die in November
Solana development will never be the same
— Jacob Creech (@jacobvcreech) August 29, 2026 Transaction V1 raises Solana’s limit to 4,096 bytes Transaction V1 will raise Solana’s maximum serialized transaction size from 1,232 bytes to 4,096 bytes. The increase is about 3.3 times the existing limit, according to Solana’s official upgrade roadmap.
The larger format could support transactions containing zero-knowledge proofs, complex multisignature instructions and other data-heavy operations. The associated SIMD-0296 proposal also identifies BLS signatures and cross-chain operations as possible uses.
Developers must opt into the V1 format. Existing legacy and version-zero transactions will remain valid. Transaction V1 will not support address lookup tables, meaning applications must decide which format suits each transaction.
The change also requires wallets, application programming interfaces and other infrastructure to handle larger data payloads. The proposal acknowledges possible bandwidth and network fragmentation risks, which makes coordinated testing important before wider adoption.
Solana rent reduction begins with one of five steps The first rent reduction does not deliver the full 90% target immediately. Solana plans five stages that would eventually lower the rent calculation from 6,960 lamports per byte to 696 lamports per byte.
Solana uses rent-exempt balances to limit uncontrolled state growth. Applications lock SOL when creating accounts that store data. That SOL is generally recoverable when the account closes, meaning rent functions more like a refundable deposit than a recurring network fee.
Lower requirements would reduce the amount of SOL that developers must lock when creating token accounts, program accounts and other onchain state. This could lower entry costs for applications that manage many user accounts.
Agave 4.2 included the necessary code, but Solana placed the changes behind independent feature gates. As crypto.news previously reported, validators can activate the rent, transaction-size and slot-time upgrades separately after testing.
Faster Solana slots follow a separate schedule Solana has already reduced its target slot time to 350 milliseconds, down from the previous 400-millisecond target. The network plans additional stages at 300, 250 and eventually 200 milliseconds.
Creech did not provide dates for those remaining stages. Each reduction requires a separate feature activation. Network developers can therefore monitor validator performance before proceeding to the next target.
Shorter slots can improve transaction confirmation speed and increase the frequency at which validators produce blocks. They also place greater timing and networking demands on validators. Solana plans to adjust resource limits proportionally during the rollout.
Transaction V1 and reduced slot times are related to Solana’s broader performance roadmap, but they remain technically distinct. Reports describing Sept. 9 as the date for both changes would overstate Creech’s announcement.
Alpenglow remains an October target Alpenglow is Solana’s proposed consensus redesign. Solana says it aims to reduce transaction finality to approximately 150 milliseconds, compared with the longer confirmation process used by the current consensus system.
The official roadmap lists Alpenglow as “in development,” while Agave 4.3 is expected in October. Creech’s post supports October as the current target, but neither statement confirms a guaranteed mainnet activation date.
Before then, Solana is expected to begin the first rent-reduction stage and activate Transaction V1 on Sept. 9. Further slot reductions will depend on separate validator activations. Alpenglow must also complete testing and secure the required network support.
No verified market movement was directly attributed to Creech’s announcement at publication time.
Solana has staged one of the most notable recoveries in 2026, outperforming competitors such as Hyperliquid with its latest technical momentum. After a steady ascent from nearly $75 in August, SOL is now trading at approximately $104.65, marking a gain of close to 45% from its recent consolidation range.
Breakout over major averagesThe latest rally saw Solana moving decisively above critical long-term barriers. The cryptocurrency broke through its 50-day and 100-day moving averages, which had been situated around $80.78 and $82.46. This bullish momentum continued as SOL surged to a peak above $110, with a key move occurring as Solana advanced past the significant price zone near $90 before targeting higher levels.
Both the 20-day exponential moving average (EMA) and the 200-day moving average are now located close to $90.06 and $90.18. SOL accelerated past the 200-day average on rising trading volumes, showing no immediate pullback at that threshold. SOL’s price now stands more than 15% above this key indicator, reinforcing its relative technical strength versus competitors such as Hyperliquid, which remain below their major trend resistance levels.
Mini dictionary: Hyperliquid is a decentralized derivatives trading platform focused on speed and capital efficiency, offering perpetual futures with advanced risk management tools primarily on blockchain networks.
IndicatorSolanaHyperliquidCurrent price$104.65Below major averagesPosition vs. 200-day averageAbove (+15%)BelowOverbought signal and short-term risksStrong momentum also produced signs of overextension. The daily Relative Strength Index (RSI) for Solana exceeded 80 during the rally, briefly indicating heavily overbought conditions, before settling near 73.4. As trading volume returns to more normal levels, analysts note that entering positions between $105 and $110 presents a greater risk than earlier in the breakout, when prices ranged between $80 and $90.
Immediate technical challenges remain. The $110 to $111 price band represents the next resistance zone, and clearing this region could send SOL toward $115 or even $120. On the flip side, a retracement to $100, followed by the significant support at $90, remains possible if bullish momentum stalls. The $90 area now acts as the defining technical boundary for this trend.
Key support and the outlook aheadA successful retest of the $90 support would underscore the argument that Solana has solidified its reversal and that former long-term resistance levels have flipped to new support. The structural advantage for SOL is its ability to break through these barriers decisively in advance of its peers.
With over 15% gains above its 200-day average and a strong breakout, Solana now faces the challenge of defending its recent progress against any potential reversals in momentum.
Traders are now monitoring whether buyers can continue to defend these gains and sustain Solana’s position above critical technical levels in the coming sessions.
