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.
A leading financial services firm is expanding its cryptocurrency trading service to include three additional digital assets that have gained significant investor interest.
Charles Schwab says it will add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to Schwab Crypto accounts in the coming months.
The platform, which began rolling out to clients in May 2026, already offers direct access to Bitcoin (BTC) and Ethereum (ETH) trading.
Schwab plans to add more cryptocurrencies and digital assets over time, focusing on established ones that align with client demand.
Says Joe Vietri, Head of Digital Assets at Charles 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. 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.”
Schwab Crypto features in-depth education resources and the ability to view and trade crypto alongside traditional investments on platforms like Schwab.com and thinkorswim, with 24/7 support and trading fees of 75 basis points.
The service is offered by Charles Schwab Premier Bank SSB and is subject to eligibility requirements along with standard risk disclosures for cryptocurrencies.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP ETF market is growing steadily, but it has yet to enter the "big league" of billion-dollar crypto funds. The discussion around the actual figures was triggered by a major Solana milestone: This week, Bitwise's Solana Staking ETF (BSOL) officially reached $1 billion in AUM exactly 10 months after its launch.
Capital flowed into the product largely because of its built-in annual yield of around 5.8%, generated through staking directly within the regulated ETF.
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Commenting on the achievement on X, Bitwise CEO Hunter Horsley noted that only Bitcoin, Ethereum and Solana ETFs have crossed the $1 billion mark so far. When someone in the comments suggested that this statistic looked biased against XRP, Horsley responded directly: "I'm not! There's no $1B XRP ETF yet!"
Why Solana succeeded while XRP has notThis remark exposed a fundamental technological barrier for XRP. Unlike Solana, the XRP Ledger has no native staking at all. All XRP tokens were issued upfront, and the blockchain simply cannot generate new tokens to pay staking rewards.
The only future alternative for funds could be the native XRPL Lending Protocol, which is currently undergoing a validator vote. For now, however, the XRP ETF sector is forced to rely exclusively on pure spot demand.
Monthly net inflows and asset growth for the Bitwise XRP ETF up to August 2026, Source: SoSoValueInvestor demand is undeniably strong. U.S. spot XRP ETFs have collectively accumulated an impressive $1.44 billion in net assets, with cumulative inflows reaching $1.66 billion, according to SoSoValue. In terms of total capital, the XRP sector is already operating at the level of the market leaders.
However, because these products offer no yield, no individual fund has managed to reach the $1 billion mark.
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Horsley's own fund leads the segment. The Bitwise XRP ETF controls 44% of the market, with $632.03 million in assets. Its closest competitors follow behind: Franklin Templeton's XRPZ holds $411.39 million, while Canary's WAXRP has $234.36 million. The remaining share is divided among products from 21Shares and Grayscale.
With the latest Form 13F filings confirming an influx of U.S. institutional investors into crypto ETFs, Bitwise's standalone XRP fund needs to attract approximately another $368 million in net assets to reach the coveted $1 billion threshold.
Solana's experience has shown that pure spot exposure trails staking-backed products in terms of growth speed. XRP's ability to cross the billion-dollar mark will therefore depend entirely on the appetite of long-term investors.
TLDR: Solana open interest on Hyperliquid reached $638.1 million after SOL rebounded 44.9% from its August 14 closing price of $75.34. Tracked whale wallets showed 17 long positions and nine shorts, while average leverage approached 19 times on both sides. SOL cleared its 50-day, 100-day and 200-day averages, but daily RSI near 73.4 indicates elevated short-term momentum conditions. Support at $101.59 keeps the $105.48 and $110.60 resistance tests active, while a loss could expose $92.82 and $90 during a pullback. Solana traded near $105.21 on Sunday after an August recovery brought leveraged traders back into the market. Solana open interest on Hyperliquid’s SOL-USD perpetual contract reached $638.1 million, alongside $150.4 million in 24-hour volume. SOL advanced 44.9% from its August 14 close of $75.34 to $109.18 on August 27.
The price later eased below the $110-$111 peak. Funding stayed near neutral, which shows neither side was paying a large premium. Even so, high leverage and a strong long bias leave the market exposed to rapid liquidations. A move beyond nearby support or resistance could accelerate during thin weekend trading conditions.
Solana (SOL) Price Solana Open Interest Rises With Leveraged Whale Demand Open interest measures the value of futures contracts that traders have not closed. It can rise when buyers and sellers add positions together. Therefore, Solana open interest does not prove that the market holds a net bullish bet.
Coinlyze data placed Solana open interest at $638.1 million on Hyperliquid. A composite reading put total SOL futures exposure near $2.31 billion across tracked venues. Keeping those measures separate prevents the exchange figure from being mistaken for the aggregated market total.
Whale tracking showed 17 of 26 monitored wallets long, compared with nine short. That count equals 65.4% long, not the separately reported 71.2% account ratio. The gap could reflect position weighting or inconsistent methodology. Average leverage reached 18.94 times for longs and 17.22 times for shorts.
One wallet returned after eight months and bought 76,856 SOL through Hyperliquid futures. The position carried an estimated value of $8 million. Its size adds to Solana open interest but does not establish a broader institutional trend alone.
Solana open interest. Source: Coinlyze Funding hovered near zero in one window and later slipped negative. This matters when long accounts dominate. Traders appear heavily positioned without paying a recurring long premium.
Neutral funding can reduce immediate holding costs, but it does not remove liquidation risk. A sudden price decline can force leveraged longs to close. Meanwhile, an upside break can pressure short positions and add mechanical buying.
The tracked-wallet sample requires caution. It describes selected accounts rather than every trader on Hyperliquid. Still, the leverage readings show why Solana open interest can intensify volatility around closely watched technical levels.
SOL Price Breakout Faces a Crowded Long Positioning Test SOL price first cleared its 50-day and 100-day moving averages at $80.78 and $82.46. It then crossed a stronger trend cluster around $90. The 20-day exponential average stood near $90.06, while the 200-day average sat near $90.18.
The breakout arrived with expanding volume and lifted SOL more than 15% above the 200-day measure. The market must now defend the former resistance instead of merely approaching it.
SOL/USD daily chart. Source: TradingView Momentum has cooled from extreme levels. Daily RSI moved above 80 during the advance before falling near 73.4. The reading still signals strong demand, although buyers face greater risk near the recent peak.
First support sits at $101.59, with a composite score of 78. Holding that area keeps the $105-$110 range within reach. A clean break above $110-$111 would shift attention toward $115-$120.
Losing $101.59 would expose $92.82 before the crucial $90 zone. That area contains the 20-day and 200-day measures. A successful retest would support the case that previous resistance has become support.
Solana open interest now magnifies each technical outcome. Crowded longs could unwind below support, while short covering could strengthen a confirmed breakout. Hyperliquid futures funding and liquidation data will show which side loses control first.
After surging to $110, Solana [SOL] dropped to a low of $102 amid the broader market slowdown. Since then, Solana has started to consolidate and trade sideways.
At press time, Solana was trading at $105 after slightly rising by 1.4% on the daily charts, adding to its 13% weekly surge. However, altcoins’ trading volume dropped 64% to $1.8 billion, indicating reduced market activity.
Solana saw some weakness as speculative activity dried up. Over the past 12 hours, $471.85 million flowed out of the Futures market while only $456 million flowed in.
Solana whale returns with an $8M buy Over the past week, demand for Solana from high net worth investors, both individuals and institutions, has surged significantly.
In fact, AMBCrypto earlier reported that Solana Spot ETFs recorded $138 million in net inflows. Besides institutions, whales have been aggressively accumulating, since SOL crossed the $100 mark.
With SOL now holding strongly above $100, high net worth investors have turned very optimistic and eye more gains. In fact the recent market cool down has created a perfect window for whales to continue buying.
Source: Arkham Lookonchain reported that a whale returned after eight months of dormancy. The whale bought 76,856 SOL worth $8 million from Hyperliquid.
This has now become a significant trend. A day earlier, Lookonchain reported two whales purchasing $33.5 million worth of SOL. With whales accumulating during a period of upside stability, it signals strong confidence in the market.
Exchange flows further confirms this accumulation spree. After rising to positive, Solana Spot Netflow dropped again.
Source: Coinglass At the time of writing, Netflow was around -$4.5 million, reflecting higher outflows. Often, strong demand, especially from high net worth investors, has preceded gains on Solana price charts.
What to expect next for SOL’s price? Although the market has shown some weakness, Solana still holds bullishness. In fact, ADX with SMA indicator confirms this trend strength.
At press time, the +DI was hovering over the -DI, with the ADX and SMA above it. Likewise, the Bull-Bear Ratio held positive, suggesting bulls have control of the market.
Source: TradingView These two indicators reflect strong upward pressure and the trend’s potential to hold. Therefore, if investors, especially whales, continue to buy and Futures turn to opening new positions, the trend will resume.
In doing so, SOL will close above $105 and target to flip $110 where the trend collapsed. However if the derivatives market remains dominated by sellers, sideways movement will prolong.
Final Summary A Solana whale returned after 8 months of inactivity and bought 76,856 SOL worth $8 million from Hyperliquid. SOL has traded within a thin margin hovering between $104 and $105 amid market slowdown, but market structure leans bullish.
Glassnode reported on Aug. 28 that Solana spot ETFs recorded $138 million in net inflows over 10 days, including a single-day high of $47 million. Bitwise’s BSOL was reported to hold 9.3 million SOL and exceed $1 billion in assets under management. The original data post is available on X.
The Data Point The report gives a narrow snapshot rather than a promise about future prices. Its figures describe the wallets, products or market segment identified in the post, and the timing matters because crypto activity can change quickly. For the Aster move, the reported return was unrealized. For the GOLD sale, the wallet attribution came from on-chain tracking. For the SOL withdrawals, the transactions show movement from named exchanges but do not reveal the owners’ plans. For the ETF, exchange-balance and volume items, the figures are measurements from the named data providers, not official statements from every market participant.
Why It Matters These developments matter because they show how trading activity, custody decisions and liquidity can affect digital-asset markets. A new perpetual listing can attract leverage as well as attention. A coordinated-looking token sale can raise questions about concentration and disclosure. Large withdrawals may reduce immediately visible exchange balances, but they do not automatically indicate accumulation. ETF inflows can broaden regulated access, while exchange outflows can reflect many motives, including self-custody, staking or transfers between venues. Volume dominance likewise measures participation, not the quality or durability of the assets being traded.
What the Report Does Not Show The posts do not establish that any reported move will continue. They also do not, by themselves, prove intent, ownership or a completed change in market structure. Readers should distinguish realized gains from unrealized positions, observed transfers from wallet labels and data-provider estimates from audited financial disclosures. Those limits are especially important in fast-moving token markets, where thin liquidity can amplify both gains and losses.
Next Indicators Follow-up evidence will include whether the activity persists after the initial move, whether additional wallets or filings clarify attribution, and whether liquidity remains available across venues. In the ETF and exchange-balance cases, subsequent daily flows will show whether the reported direction was temporary or part of a longer trend. Until that evidence arrives, the developments remain dated market observations. BlockchainReporter will continue to separate sourced on-chain data from interpretation and avoid turning a single reading into a forecast. Context is available in earlier market coverage.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Solana ETF demand and fresh network upgrades give SOL ETF news a clear catalyst, while IceBull offers a separate early-stage story. Its Crypto Presale is live at Stage 1, the first point in an announced 16-stage sequence. That makes IceBull relevant to readers looking beyond established networks for a new project to research, without suggesting that an Ethereum presale will reproduce Solana’s market position or network trajectory.
Solana Momentum Belongs to an Established Network The SOL ETF news and network-upgrade catalyst concerns a network with its own history, users and ecosystem. IceBull should be evaluated on its own published facts instead. It is an Ethereum ERC-20 token offered before listing, not a replacement for Solana. The comparison is useful only as a reminder that crypto narratives occur at different stages: one may concern an established network, while another concerns the terms of a newly launched sale.
A Crypto Presale is most clearly understood through its mechanics. IceBull states that Stage 1 is live and that 15 higher prices will follow across its remaining stages. The scheduled changes explain why an opening quote can draw attention. They do not forecast exchange demand, make an upside promise or instruct anyone to participate. Readers can verify the active stage and make their own judgment using the terms shown at official checkout.
Stage 1 Is a Published Pricing Fact IceBull has 16 stages in total, with each later stage carrying a higher price. At the first stage, a fixed payment is assessed at the opening rate. After the sale advances, the same payment amount is considered at the newer, higher quote. This is the practical meaning of the early-access discussion. It is a defined sale mechanism, not an assertion about eventual token value once a market for the token exists.
The campaign is reported to be around $5K raised, a time-sensitive snapshot that can change as new purchases are made. It should not be treated as a fixed total, false deadline or evidence of future popularity. What can be checked is the stage currently displayed and the wider schedule of prices. This keeps the timing discussion factual: a buyer can review Stage 1 while it is live, or assess a later quote if the sale has advanced.
Supply, Audit and Launch Arrangements Can Be Reviewed IceBull is issued as an ERC-20 on Ethereum with a fixed supply of 120 billion tokens. SolidProof has audited the smart contract. The project further states that team tokens vest and liquidity will be locked at listing. These items provide a practical framework for research before participation. They explain the project’s stated token and launch structure, but an audit, supply cap, vesting plan and liquidity lock are not guarantees of demand or price performance.
The 1250X figure is described by IceBull as potential and is paired with a planned $0.025 listing price. That language cannot be converted into certainty. A planned listing price is not a future market price, and potential is not a predicted or achieved return. The clearer way to frame the Crypto Presale is its live status, the 16-stage schedule and the published technical details, while recognizing that post-listing conditions remain unknown.
How to Buy IceBull Visit the official IceBull Buy Now page Choose cryptocurrency payment or the credit/debit card checkout route. Connect a compatible Web3 wallet when using cryptocurrency. Select ETH, BNB, USDT, or the credit/debit card option shown at checkout. Review the displayed allocation and payment details before confirmation. Claim purchased tokens through the official process after the sale. Crypto and Card Routes Have the Same Review Point IceBull accepts ETH, BNB and USDT through a compatible Web3 wallet, and it also presents a credit/debit card payment route. The choice changes the method used at checkout, not the importance of reviewing the live allocation. Before confirming, a prospective buyer can check the current Stage 1 information, the payment amount and the supported option selected. No payment route changes the disclosed schedule or makes the project suitable for every reader.
The official claim occurs after the sale rather than during the checkout transaction. That sequence is important for anyone unfamiliar with presale participation. Payment records and wallet access should be handled carefully, and claim instructions should be obtained only from the project’s official process once it is available. Separating purchase from claim makes the experience easier to understand and reduces the chance of treating a successful payment as immediate token distribution.
Momentum Headlines Do Not Remove Research Duties Solana’s ETF-demand and upgrade narrative can keep an established ecosystem in focus. IceBull offers a different proposition: a new token at a live opening stage. Its defining facts are the 16-stage sale, 15 future higher prices, Ethereum ERC-20 format, 120 billion fixed supply, SolidProof audit, team vesting and planned liquidity lock at listing. The report of roughly $5K raised is current and time-sensitive, rather than a measure of what comes next.
Readers assessing a Crypto Presale can use IceBull’s terms as a starting point for independent review. Check the active stage, understand the payment and later claim sequence, and keep the 1250X wording in its stated potential context. The project may appeal to people researching early access before the next scheduled price, but its future value is not assured by Solana-related headlines or by its own promotional framing.
For More Information: Website: Explore the Official IceBull Website
Telegram: Join the IceBull Community on Telegram
X: Follow IceBull on X for Updates
Crypto Presale Questions Is IceBull being presented as a replacement for Solana? No. Solana is an established network, while IceBull is a separate Ethereum Stage 1 presale.
How many price increases follow IceBull Stage 1? Fifteen higher scheduled prices follow across the remainder of the 16-stage sale.
Can a buyer use a card for the IceBull purchase? Yes. The official checkout supports credit/debit cards alongside ETH, BNB and USDT.
When are IceBull tokens claimed? They are claimed through the official process after the presale.
30 August 2026 | 18:11 Solana is again approaching $110, but Hyperliquid open interest has risen far faster than price, leaving the recovery increasingly sensitive to forced liquidations on either side.
Key Takeaways SOL is approaching resistance near $110. Hyperliquid open interest gained 14.41% in 24h. Derivatives volume remains nearly ten times spot. A $98.82 loss would weaken recovery. Derivatives exposure is outpacing SOL’s recovery At 14:34 UTC on August 30, CoinGlass showed SOL trading at $106.94, up 2.47% over 24 hours. Open interest in Hyperliquid’s SOL market stood at $688.89 million following a 14.41% increase, while rolling volume reached $210.30 million.
Based on that percentage change, the notional value of open contracts had risen from approximately $602.12 million, a difference of about $86.77 million.
That difference does not represent $86.77 million in fresh deposits. SOL’s price increase contributed to the higher dollar value, while open interest counts the contracts that remained unsettled.
HypeBasis, which reads Hyperliquid’s public market data, showed a nearly identical open-interest reading at around the same time.
The $689 million reading does not reveal direction Open interest measures outstanding participation, not whether traders collectively expect SOL to rise or fall. Every futures contract connects a long with a short, leaving the notional value on both sides matched by construction.
CoinGlass displayed a long/short ratio of 1.1925, pointing to a modest long tilt within that particular measure. It should not be interpreted as a 19.25% imbalance in invested capital because such ratios may count accounts or categories of positions rather than compare their dollar value.
The more relevant risk is how much exposure may be forced out during a sudden price move. Hyperliquid allows up to 20x leverage on its SOL perpetual market, although the available data does not show the average leverage traders are using.
Higher leverage moves a position’s liquidation price closer to its entry. Once liquidations begin, forced market orders can push price into the next cluster of vulnerable positions, accelerating either a decline or a short squeeze.
The wider SOL market is dominated by futures CoinGlass reported $7.14 billion in aggregate SOL futures open interest, approximately 23% above the $5.81 billion recorded when we examined Solana’s earlier recovery above $94 on August 22.
Hyperliquid accounted for approximately 9.65% of the latest total, making it a significant venue without representing the entire SOL derivatives market.
Aggregate futures volume reached $6.13 billion, compared with $630.02 million in spot turnover. For every dollar of reported spot volume, the derivatives market processed approximately $9.73.
Contracts can change hands repeatedly, while futures are also used for hedging and arbitrage, so the ratio is not a measure of new money. It shows that derivatives are playing a much larger role than spot exchanges in SOL’s short-term price discovery.
Three supports sit below the recent high The Coinbase daily chart placed SOL near $107, leaving the price just below the recent high and resistance band between $109 and $110. Buyers need a daily close above that area to move the recovery beyond another test of the same ceiling.
Solana (SOL/USD) daily price chart with Fibonacci levels and RSI indicator. The latest daily low near $104 provides the first indication of whether buyers are defending the move. Below it, the rising trendline around $101-$102 offers a second short-term reference.
The more important support sits near $99. This 0.236 Fibonacci retracement acted as resistance before SOL broke higher, making it the first structural test during a deeper pullback. A daily close beneath it would weaken the breakout and expose the next retracement near $91.42.
Daily RSI stood near 76.5, showing how quickly Solana has travelled through the upper part of the range. That reading is a warning about the rally’s pace, not a sell signal. Price must lose support before the stretched momentum becomes a confirmed breakdown.
Price and open interest must be read together If buyers clear resistance A daily close above the recent high would extend the recovery and could force traders positioned for another rejection to cover their shorts.
Rising price and rising open interest would show traders adding exposure during the breakout. Participation would be increasing, but so would the amount of positioning vulnerable to a reversal. Rising price and falling open interest would point toward short covering or broader deleveraging rather than a wave of new contracts. If structural support fails A daily close beneath the former breakout level would return SOL to its previous range and shift attention toward the lower retracement.
Falling price and falling open interest would fit a market in which traders are closing positions or leveraged longs are being liquidated. Falling price and rising open interest would show traders adding exposure during the decline, potentially through new shorts, hedges or longs attempting to buy the pullback. The derivatives build-up does not invalidate SOL’s rebound, but it makes the move less forgiving. Buyers now need price to keep pace with the exposure behind it. A prolonged stall beneath overhead resistance would leave more positions crowded into a narrow area, with the former breakout level separating an ordinary pullback from a broader failure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency and leveraged derivatives trading involve substantial risk.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Solana is currently trading near $106.49, reflecting a slight decrease of 0.19% in the last 24 hours. Throughout the latest session, SOL fluctuated between $104.64 and $110.17. Market capitalization has reached approximately $62.17 billion, supported by a trading volume close to $6.85 billion during the same period.
Technical breakout and $120 as the next key targetA recent rally positioned Solana above previous resistance at $97. After breaking this level, the price revisited the zone, confirming it as new support before rebounding above $100. This move has provided buyers with a firmer foundation for potential further gains.
Analyst Quinten Francois identified $120 as the next major target, noting the absence of significant structural resistance between current levels and the $119-$120 range. Francois stated that holding $97 on future pullbacks remains crucial for maintaining the bullish setup, while a dip below this threshold could weaken momentum.
Quinten Francois has observed that, “As long as $97 remains intact, the breakout structure continues to favor higher prices. A move back below this level would weaken the immediate bullish setup.”
Trading activity and chart analysis suggest that, for now, buyers are firmly in control, focusing on further upside toward $120.
Momentum and RSI signal expanded upsideSolana’s technical momentum has strengthened alongside a breakout in its relative strength index (RSI). After exiting a long-standing consolidation at $79-$80, both price and RSI pushed above key resistance, contributing to a nearly 40% rally from that breakout region. According to trader Symba, a sustained move above $105 could trigger another expansion of roughly 40%, bringing price targets into the $145-$150 area. Although high RSI readings could prompt short-term corrections, technical structure remains supportive as long as buyers defend current support zones.
Resistance LevelSupport LevelPotential Target$108-$110 (Sell wall)$97 (Key support)$120, $140, $150Rainbow Chart and long-term valuation bandsThe Solana Rainbow Chart, a long-term valuation tool, currently places SOL at the top of its “Fair Value” band around $90.75. The next valuation band, “Getting Spicy,” is located near $139.29. If momentum persists, analysts will watch for potential advances further into the $139-$140 area.
Higher bands on the chart highlight potential longer-term targets. These include $213.78 (“Frothy”), $328.11 (“FOMO”), and $503.59 (“Take Profits”). At present, the $139 region remains the nearest significant valuation milestone should the recovery continue.
Mini dictionary: Solana Rainbow Chart, a visual model that assigns different valuation bands to SOL based on historical price trends, often used by traders to estimate zones of overvaluation or undervaluation.
Network activity strengthens outlookSolana’s network continues to display strong fundamental support for price action. Daily active addresses have surpassed 5 million, placing the network ahead of many major blockchains and reflecting continued interest from users and developers.
While network activity does not inherently guarantee price increases, consistent usage alongside constructive technicals bolsters the case for sustained recovery in SOL’s price trajectory.
Short-term resistance and support dynamicsDespite bullish momentum, order-book analysis reveals a growing sell wall in the $108-$110 range. This supply barrier is causing resistance and has so far limited immediate follow-through after the price reached its recent daily high of $110.17. Below current levels, liquidity and buy walls have formed around $100-$102 and lower, suggesting a defined battleground between buyers and sellers. If sellers succeed in capping the rally here, a retest of $100 is possible. Conversely, absorbing this sell wall could clear the path toward higher targets.
Medium-term price prediction and key levelsWith $97 now acting as solid support and SOL trading above $105, analysts are eyeing $120 as the immediate upside objective. Beyond $120, both the Rainbow Chart and momentum-based projections point toward the $139-$150 range as significant milestones if current trends persist. A renewed break above $150 may then bring the $180-$200 area into play.
If SOL repeats another 40% momentum rally from its current base, price could reach the $145-$150 region, expanding medium-term targets beyond the initial $120 goal.
Maintaining support between $97 and $105 will be critical for buyers to preserve the breakout structure and pursue higher highs.
Overall outlookSolana is transitioning from reclaiming the $100 level to building a base above it, with near-term fluctuations centered between $97 and $105. If buyers manage to overcome added supply around $108-$110 and push price above $120, the path toward the $139-$150 zone grows clearer. Continued network growth and robust trading activity are strengthening the fundamental backdrop, but any loss of the $97 support would likely signal a retreat in bullish momentum and could expose the mid-$90s or lower levels.
Charles Schwab, one of the largest brokerage firms in the United States, has introduced a framework dividing five major digital assets based on their roles and risk profiles in investment portfolios. Adam Lynch, director of global equity research at Charles Schwab, outlined the firm’s approach, emphasizing the distinct functions and risk levels of each cryptocurrency.
Asset categorization in the Schwab crypto strategySchwab’s digital asset strategy positions Bitcoin and Ethereum as core portfolio components. Lynch characterized Bitcoin as a “classic debasement hedge,” highlighting its use in scenarios where fiat currency faces declining purchasing power. He noted that concerns about inflation and currency debasement justify Bitcoin’s presence in diversified investment portfolios.
Ethereum, though also discussed in relation to themes of currency debasement, is credited by Lynch as having broader functionality within the blockchain ecosystem. He pointed to Ethereum’s ability to support decentralized applications and smart contracts, distinguishing it from Bitcoin’s primary role as a store of value.
In contrast, Lynch classified Solana, XRP, and Hyperliquid as higher-volatility assets within the Schwab approach. He suggested these coins serve as complementary allocations, with their greater price fluctuations positioning them as higher-risk investments compared to Bitcoin and Ethereum.
Lynch explained, “Each asset category in our strategy serves a unique role. We do not treat cryptocurrencies as a single, undifferentiated asset class.”
Schwab’s strategy differentiates between core assets like Bitcoin and Ethereum, and higher-volatility options such as Solana, XRP, and Hyperliquid, aiming to create diversified exposure while managing risk.
This tailored asset division reflects Charles Schwab’s broader philosophy of employing asset-specific investment theses and not viewing the crypto market as a monolith.
Expansion of digital asset offeringThe evolution of Schwab’s crypto strategy aligns with continued platform development. The company recently announced the addition of Solana, Avalanche, and Chainlink to its crypto trading offerings. This move expands the available assets and provides clients with more choices beyond Bitcoin and Ethereum.
Solana, Avalanche, and Chainlink are each prominent blockchain protocols, with Solana known for its high-speed, low-cost transaction network; Avalanche notable for its customizable blockchain infrastructure; and Chainlink serving as a leading decentralized oracle network.
Mini dictionary: Hyperliquid is a decentralized perpetual trading protocol that offers zero-gas, instant transactions and utilizes off-chain order books for improved speed and efficiency compared to traditional on-chain decentralized exchanges.
Recent filings show Goldman Sachs holds the largest reported institutional position in Solana ETFs, investing $88 million. However, reporting requirements do not capture all institutional holders, suggesting real Wall Street exposure to Solana could be higher.
AssetCategoryRecent Schwab ActionBitcoinCoreDirect trading enabledEthereumCoreDirect trading enabledSolanaHigher volatilityAdded to platformAvalancheHigher volatilityAdded to platformChainlinkHigher volatilityAdded to platformXRPHigher volatilityStrategic assetHyperliquidHigher volatilityStrategic assetMarket context and recent price movesSchwab’s updated crypto strategy arrives amid heightened volatility in cryptocurrency markets. Bitcoin’s price fell below $77,000 after US Federal Reserve Chair Kevin Warsh delivered hawkish comments at the Jackson Hole conference, signaling a potential tightening of monetary policy and the likelihood of interest rate hikes.
With inflation in the United States remaining above the central bank’s 2% target for 65 consecutive months, forecasts of an imminent easing in monetary policy have become less likely. Warsh’s consistently hawkish stance since taking office has contributed to persistent uncertainty in financial markets.
Charles Schwab’s strategy, which attributes unique roles to each cryptocurrency, seems to be a response to both structural developments in the digital asset space and ongoing macroeconomic pressures from monetary authorities.
On Aug. 29, Lookonchain reported two large SOL withdrawals: one wallet withdrew 281,446 SOL, valued at about $29.68 million, from Binance, while another withdrew 37,272 SOL, worth about $3.87 million, from Kraken. The original data post is available on X.
The Data Point The report gives a narrow snapshot rather than a promise about future prices. Its figures describe the wallets, products or market segment identified in the post, and the timing matters because crypto activity can change quickly. For the Aster move, the reported return was unrealized. For the GOLD sale, the wallet attribution came from on-chain tracking. For the SOL withdrawals, the transactions show movement from named exchanges but do not reveal the owners’ plans. For the ETF, exchange-balance and volume items, the figures are measurements from the named data providers, not official statements from every market participant.
Why It Matters These developments matter because they show how trading activity, custody decisions and liquidity can affect digital-asset markets. A new perpetual listing can attract leverage as well as attention. A coordinated-looking token sale can raise questions about concentration and disclosure. Large withdrawals may reduce immediately visible exchange balances, but they do not automatically indicate accumulation. ETF inflows can broaden regulated access, while exchange outflows can reflect many motives, including self-custody, staking or transfers between venues. Volume dominance likewise measures participation, not the quality or durability of the assets being traded.
What the Report Does Not Show The posts do not establish that any reported move will continue. They also do not, by themselves, prove intent, ownership or a completed change in market structure. Readers should distinguish realized gains from unrealized positions, observed transfers from wallet labels and data-provider estimates from audited financial disclosures. Those limits are especially important in fast-moving token markets, where thin liquidity can amplify both gains and losses.
Next Indicators Follow-up evidence will include whether the activity persists after the initial move, whether additional wallets or filings clarify attribution, and whether liquidity remains available across venues. In the ETF and exchange-balance cases, subsequent daily flows will show whether the reported direction was temporary or part of a longer trend. Until that evidence arrives, the developments remain dated market observations. BlockchainReporter will continue to separate sourced on-chain data from interpretation and avoid turning a single reading into a forecast. Context is available in earlier market coverage.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
According to official announcements, anonymous Q&A social game Chomp has secured $3.6 million in funding, jointly led by Jsquare and Blueyard, with participation from VCs including Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, and Caballeros. Chomp is a social game built on anonymous Q&A and prediction mechanics, allowing users to answer questions and predict others’ responses to uncover public sentiment and their own cognitive biases in perceiving others. Beyond its consumer product, Chomp applies this anonymized, well-labeled opinion data to use cases such as AI model training and consumer research. The company believes this type of data can capture subjective opinions hard to access from the public internet, providing high-context data for AI models. Founder and CEO Kiko previously served as COO of Orca, a decentralized exchange in the Solana ecosystem.
Kylie Jenner’s X account was reportedly hacked and used to promote a meme coin called kylie. The token’s market capitalization peaked at nearly $1.19 million before falling by roughly 68%.
The posts no longer appear on the account, which has 39.5 million followers. Several other kylie tokens are now trading on the Solana (SOL) network, each only a few hours old.
Deleted Posts Sent kylie Token Past $1 MillionThe account first posted a casual message about trading, then pointed followers to a Pump.fun profile named cutekjenner. A second post carried the ticker and a contract address.
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The two posts drew roughly 50,000 and 33,000 views before deletion. Community accounts flagged the abrupt tone as a sign of compromise.
The token climbed to a $1.19 million market capitalization on PumpSwap, according to GeckoTerminal data.
At press time, its market cap stood near $378,500, with $6.1 million in 24-hour trading volume. Liquidity now sits near $58,900, held by roughly 3,700 holders.
kylie Token Market Cap Chart Showing the Spike and Retrace. Source: GeckoTerminalAccount Hacks Keep Turning Into Meme Coin Rug PullsThe deleted posts left a trail of imitators behind them. Traders have minted a cluster of rival Kylie-themed tokens on Solana, most of them worth very little.
One rival kylie token, carrying the same profile image, reached a $1.04 million market cap on $6.72 million in trading volume. Others sit between $29,800 and $370,300. None had traded for longer than seven hours at the time of writing.
Kylie-Themed Meme Coins Trading on Solana. Source: GeckoTerminalThe playbook mirrors recent takeovers. Attackers used the SpaceX and Starlink accounts in July to push SCATMAN, netting around $125,000.
In late July, Robinhood CEO Vlad Tenev’s account was compromised, and the attacker cleared roughly $1.2 million through Vladhood.
Senator Cynthia Lummis’ compromised account then promoted a fake USA token, while actor Dean Norris disowned a DEAN coin in January 2025.
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Move SOL from Solana to Injective with Phantom and deBridge.
Phantom signs the transaction on Solana. deBridge then executes a cross-chain swap that delivers INJ to your destination address on Injective. Your SOL does not arrive as wrapped SOL. It is exchanged for INJ as part of the route.
You will use Phantom for the Solana side of the transfer and an Injective wallet that provides a destination address beginning with 0x, such as MetaMask, to receive and manage the INJ. Injective supports both 0x and inj address formats, which map to the same account. Learn more in the Injective wallet documentation and address documentation.
This guide walks through the full process using the official deBridge app.
Before You BeginYou need:
Phantom installed from the official Phantom websiteSOL in your Phantom wallet on Solana MainnetAdditional SOL available for the Solana network fee and the fees shown in the deBridge quoteAn Injective-compatible EVM wallet, such as MetaMask, with a destination address beginning with 0xIf you need to set up Injective in MetaMask, use the official Add Network to Your Wallet page. Injective EVM Mainnet uses chain ID 1776.
Check the domain before connecting your wallet. The official app address is app.debridge.com.
Never enter your Phantom recovery phrase or private key into deBridge or any website. Phantom connections and transaction approvals happen inside the wallet.
Step 1 - Open deBridgeGo to the deBridge app.
The interface shows the asset you pay with at the top and the asset you receive below it. Keep Market selected for a standard cross-chain swap.
Step 2 - Connect PhantomSelect Connect wallet.
Choose Phantom from the Solana wallet list. Phantom will open and ask you to approve the connection. Select the account holding the SOL you want to transfer, then approve the connection.
Connecting lets deBridge view your public Solana address and request transactions. It does not move funds by itself.
Step 3 - Select Solana and SOL as the SourceOpen the token and network menu under You pay.
Select Solana as the source network and SOL as the source asset. deBridge will display the SOL balance available in your connected Phantom account.
Keep enough SOL in Phantom to cover the source transaction and the fees shown in the quote. Do not enter your entire balance.
Step 4 - Select Injective and INJ as the DestinationOpen the token and network menu under You receive.
Select Injective as the destination network and INJ as the destination asset.
Your completed route should show:
Source network as SolanaSource asset as SOLDestination network as InjectiveDestination asset as INJThis is a cross-chain swap from SOL into INJ. deBridge uses its liquidity network to deliver the requested asset to the destination wallet. Read more about the deBridge execution model.
Step 5 - Enter Your Injective Destination AddressUnder Trade and Send to Another Address, paste the 0x address from the EVM wallet you use with Injective.
The current deBridge route expects an Injective address in hexadecimal format beginning with 0x. Do not paste your Solana address from Phantom into this field. Do not paste your address in the format beginning with inj.
Injective's 0x and inj addresses are two formats for the same underlying account and map to each other one-to-one. Both addresses for an account can be viewed from the official Injective explorer, injscan.com. If you use MetaMask with Injective, copy the public 0x address from that account. Double-check the first and last characters after pasting it.
Avoid using a centralized exchange deposit address unless the exchange explicitly confirms that it supports INJ deposits through the Injective network.
Step 6 - Enter the AmountEnter the amount of SOL you want to transfer.
deBridge will calculate the estimated INJ you will receive and display the route, fees, and estimated completion time. Review the live quote because rates and fees can change. A first deBridge order from a Solana wallet may also include account setup costs shown in the transaction estimate.
Start with a small transfer when using deBridge or a new destination address for the first time.
Step 7 - Review and Confirm the TradeCheck every detail before signing:
The source network is SolanaThe source asset is SOLThe destination network is InjectiveThe destination asset is INJThe destination is the correct 0x address that you controlThe estimated INJ output, rate, and total fees match your expectationsSelect Confirm trade when you are ready.
Phantom will open with the Solana transaction. Review the amount, network fee, and transaction details inside Phantom, then approve the transaction.
deBridge uses a non-custodial order model. The source transaction creates an order, and a solver fulfills it by delivering the quoted asset to the recipient on the destination chain. deBridge documents the protocol's fees and supported chains.
Step 8 - Track the TransferAfter Phantom submits the transaction, deBridge will display the order status.
Keep the page open until an order ID or tracking link appears. Save the order ID so you can reopen the transfer in deExplorer if needed. The source transaction must confirm on Solana before the INJ is delivered on Injective.
Processing time depends on network conditions and route availability. Wait for the status to show that the order has been fulfilled before treating the transfer as complete.
Step 9 - Verify Your INJ on InjectiveOnce deBridge marks the order as fulfilled, open the Injective Hub Wallet page and connect the wallet that owns the destination 0x address.
Confirm that the received INJ appears in the wallet balance. You can also search the destination address or transaction on injscan.com.
Your SOL has now been exchanged for INJ and delivered to your account on Injective.
Bridge SOL to InjectivePhantom and deBridge give Solana users a direct route into Injective.
Open the deBridge app, connect Phantom, choose SOL on Solana and INJ on Injective, enter an Injective 0x destination address, and approve the transaction in Phantom. Once the order is fulfilled, verify the INJ in your Injective wallet.
DisclaimerThis article is for informational purposes only. It is not financial or investment advice.
Wallet support, bridge interfaces, available routes, fees, rates, and processing times can change. Verify the domain, networks, assets, destination address, amount, and fees before signing any transaction.
About InjectiveInjective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
Netflix released Grand Theft Auto VI’s Extended Look trailer on August 27, sparking global fan frenzy just hours after the leaker behind the game’s stolen footage quietly cashed out.
The 26-minute preview, produced by Rockstar Games, showed the protagonists, Jason and Lucia, navigating Leonida’s open world through chases, shootouts, and everyday scenes at home.
Netflix’s Trailer Capped Months of Leaks and SpeculationThe special showed Jason and Lucia working through missions across Leonida, including a trap house drug bust and a job for nightclub owner Boobie Ike, with players able to switch between both protagonists mid-mission.
Netflix held an exclusive six-hour window before Rockstar released the same footage for free on YouTube and the official GTA VI site at 9 p.m. ET. Rockstar also issued guidance to creators on X, allowing reaction content and livestreams from the moment the special aired, but asking fans not to simply repost the raw video without commentary.
The stakes around viewership were unusually high. GTA VI’s second trailer, released in May 2025, pulled in 475 million views across platforms within 24 hours, a launch-day record that beat Deadpool & Wolverine.
The first trailer alone drew 93 million YouTube views on its opening day. GTA VI remains set for a November 19 launch on PlayStation 5 and Xbox Series X|S, priced at $79.99, capping more than 13 years of anticipation since GTA V’s release.
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That long wait fueled an unauthorized leak campaign that dominated headlines for over a week. An anonymous figure known as CyberLeek posted 15 clips watermarked with a Solana token called CYBERLEEK, urging viewers to buy in with messages like higher market cap means more leaks.
The Leaker Dumped Tokens Hours Before the Official RevealOn-chain investigators, including a GTAForums researcher known as Vice Cit, tracked roughly $268,000 moving out of CYBERLEEK’s transaction-fee pool in the hours leading up to Netflix’s premiere.
“The money was then divided up between 4 transactions and sent to various wallets that ultimately ended up in three different places; KuCoin, CCE.Cash, and there are some still sitting in various wallets that haven’t moved yet,” Vice Cit reported.
CYBERLEEK’s price collapsed as the withdrawals surfaced. The token now trades at $0.004595, down 54% over the past 24 hours, with a market cap of roughly $3.33 million, according to CoinGecko data.
That leaves it 86.8% below its all-time high of $0.03436, reached on August 23. The leaker had earlier burned 270 million unsold tokens, a move researchers say was meant to build trust before the final cash-out.
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CyberLeek (CYBERLEEK) Price Performance. Source: CoinGeckoRockstar addressed the saga directly in a statement, calling the leaks heartbreaking for the team and asking fans to wait for the official launch rather than let stolen footage shape their expectations. Take-Two has separately secured subpoenas against Discord, Microsoft, and X, seeking to identify whoever operated the CyberLeek persona.
Analysts project GTA VI could generate between $3.3 billion and $5.2 billion in global sales during its launch week, according to CyberScoop, with Take-Two guiding toward $8 billion to $8.2 billion in fiscal 2027 bookings tied largely to the title.
Independent OpenZeppelin review of TxFlow’s bridge contract marks another step in TxFlow’s approach to security as its L1, DEX, and builder ecosystem continue to develop.
TxFlow announces the completion of an independent security audit by OpenZeppelin, one of the world’s most established blockchain security firms, trusted by major organizations and protocols including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Compound, and others.
OpenZeppelin’s review covered TxFlow’s bridge contract, a critical component of the infrastructure supporting the movement of capital between external networks and TxFlow L1. OpenZeppelin’s review identified zero critical and zero high-severity findings. One medium-severity finding was identified and resolved during the audit process.
The independent review forms part of TxFlow’s broader approach to incorporating external security expertise as its financial infrastructure and ecosystem continue to develop. Alongside TxFlow DEX and continued L1 development, TxFlow is also building Builder Code, with additional details to be announced as both initiatives move closer to release. Together, these developments support TxFlow’s broader objective: to build a Layer 1 designed specifically for financial markets, bringing trading, liquidity, and financial applications onto one blockchain where all finance happens.
Security at TxFlow L1 is a continuous responsibility: An Independent Review by OpenZeppelin As part of this commitment, we work with leading independent security experts to rigorously assess our infrastructure. In 2026, OpenZeppelin completed a security audit of Bridge2, the USDC bridge connecting Arbitrum One to TxFlow L1. TxFlow aims to continue to strengthen its security architecture, monitoring, and operational safeguards as the network evolves. The audit report provides the technical scope, findings, and assessment from OpenZeppelin and is available for the community to review directly.
TxFlow’s broader bridge infrastructure supports deposits and withdrawals across Arbitrum One, Ethereum, Base, Polygon PoS, and Solana. TxFlow’s documented bridge flow includes controls around the movement of funds, including validator-approved withdrawals and a built-in safety wait before withdrawals are completed.
These controls form part of TxFlow’s approach to protecting one of the most important functions of financial infrastructure: the movement of capital between networks.
Global-Grade Security from the Ground Up TxFlow is building its security program with the standards expected of serious financial infrastructure in mind. To support that approach, TxFlow engaged OpenZeppelin, one of the world’s most established blockchain security firms. OpenZeppelin has completed more than 900 security audits, identifying more than 10,000 issues, including 700+ critical and high-severity vulnerabilities, across blockchain protocols and financial infrastructure.
Its security work spans major crypto organizations and ecosystems including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Optimism, and Compound, as well as established financial institutions and infrastructure providers including DTCC, Fidelity Digital Assets, WisdomTree, ANZ, and CACEIS.
For TxFlow, working with globally recognized security specialists at an early stage establishes a clear approach: independently review critical infrastructure as the network and ecosystem grow. Security is not an add-on to financial infrastructure. It is part of the infrastructure itself.
Building Infrastructure for On-chain Finance TxFlow L1 is designed specifically for financial markets and applications.
TxFlow DEX, a fully on-chain central limit order book for perpetual markets, is the first application built on TxFlow L1. The DEX is the first product operating on a broader infrastructure layer. TxFlow L1 is designed to support multiple financial applications and markets on the same network, including perpetuals, spot markets, prediction markets, and new categories of on-chain financial products. Through TxFlow Improvement Protocol (TIP) Liquidity Standards, Channels can connect to common execution, settlement, and liquidity infrastructure rather than operating as isolated applications.
For traders, that means infrastructure designed around markets from the start.
For builders, it creates a foundation for developing new financial applications on a network designed for trading, liquidity, and settlement.
What’s Next: Builder Code Alongside continued development of TxFlow L1 and TxFlow DEX, the team is building two new ecosystem initiatives: TxFlow Builder Code.
Builder Code is being developed to expand how builders and ecosystem participants can contribute to and grow alongside the network. For the TxFlow community, these initiatives represent the next stage of ecosystem growth: more ways for traders to participate, more ways for builders to contribute, and more activity across the TxFlow network.
About TxFlow L1 TxFlow L1 is a high-performance blockchain built for on-chain financial infrastructure, organized around TIP Liquidity Standards that define how financial products are built, composed, and settled on-chain. TxFlow DEX is the first Channel on TxFlow L1, a CLOB orderbook DEX for perpetual trading, processing over 250,000 TPS with one-block finality. Through its TxFlow Improvement Protocol standards and Channel architecture, TxFlow enables spot markets, derivatives, prediction markets and future financial products to operate on the same chain while connecting to shared execution and settlement infrastructure where all finance happens. TxFlow L1 is building an open, composable and community-owned financial ecosystem in which each new application can strengthen the infrastructure available to those that follow.
About OpenZeppelin OpenZeppelin is a leading security partner for on-chain finance, trusted by organizations including DTCC, Fidelity Digital Assets, WisdomTree, Coinbase, Uniswap, Aave, and the Ethereum Foundation. Since 2015, OpenZeppelin has secured more than $35 trillion in value transferred and delivered 900+ security engagements, surfacing more than 10,000 vulnerabilities across critical on-chain infrastructure. Its open-source smart contract libraries are an industry standard used across leading stablecoins, tokenized assets, and blockchain applications.
Polygon discloses multiple security vulnerabilities in its PoS network, which have been fixed through two hard forks.
Polygon has disclosed multiple security vulnerabilities affecting its Proof-of-Stake (PoS) network, targeting the Bor and Heimdall clients, which could lead to denial-of-service (DoS) attacks, validator resource exhaustion, and abnormal checkpoint and milestone processing. Fixes for these flaws have been deployed to the mainnet via the recently completed Austin and Kyoto hard forks. The most critical vulnerability resides in Heimdall, where attackers can craft special transactions to force validators to execute an excessive number of processing tasks, thereby disrupting network operations. The Austin hard fork also patched two DoS risks in Bor, which could have resulted in reduced block processing speeds or node crashes. Polygon noted that no exploitation of these vulnerabilities has been detected on the mainnet, and the team proactively completed the fixes before publicly disclosing technical details. All Polygon PoS nodes must run Bor v2.10.0, while validators and full nodes also need to upgrade to Heimdall v0.11.0; nodes still running older versions have fallen out of consensus and must update to rejoin the mainnet.
10 minutes ago
A crypto whale has purchased 76,856 SOL tokens, valued at approximately $8 million, after 8 months of inactivity.
According to Lookonchain's monitoring, a crypto whale that had been dormant for 8 months purchased 76,856 SOL tokens from Hyperliquid, worth $8 million.
10 minutes ago
Trader alias "Maji" saw his high-leverage rollover positions hit volatile market conditions, leading to a $2.35 million shrinkage in his account value, while he still holds $114 million in long positions.
According to on-chain analyst Yu Jin Monitoring, "Big Brother Ma Ji" Huang Licheng's high-leverage rollover strategy is highly dependent on a one-sided upward market trend. Once the market shifts to consolidation or a downturn, even minor downward fluctuations could trigger stop-losses and forced position reductions, leading to continuous account erosion. Over the past few days, both BTC and ETH have been consolidating at high levels with little overall price movement, but Big Brother Ma Ji's account balance has dropped from $11.15 million to $8.8 million, a decrease of roughly $2.35 million, primarily due to frequent stop-losses and position cuts during the minor price pullback. Currently, his long positions are valued at approximately $114 million, of which around $100 million is ETH long contracts, with an entry price of $2,463 and a liquidation price of $2,307. If ETH continues its one-sided rally, leverage will further amplify gains; if it remains consolidating or turns bearish, he may face another round of forced position reductions and give back around $11 million in gains from the prior upward trend.
10 minutes ago
A mysterious whale has made another purchase of 243,713 HYPE tokens over the past 10 hours, worth approximately $20.24 million.
According to Lookonchain’s monitoring, the mysterious whale address 0x6436 made another purchase of 243,713 HYPE tokens over the past 10 hours, valued at approximately $20.24 million.
10 minutes ago
Genius Group plans to resume buying Bitcoin in Q4, with the goal of growing its Bitcoin treasury to $827 million by fiscal year 2031.
Genius Group announces a $1.2 billion capital plan, intending to use the shelf registration declared effective by the U.S. SEC in July 2025 to raise funds for its dual AI and Bitcoin treasuries. The company’s board of directors has approved goals to build an $800 million AI treasury and an $827 million Bitcoin treasury by fiscal 2031, while boosting total assets to $2 billion. Genius Group plans to use perpetual preferred securities as its primary financing instrument, a method it says is designed to increase net asset value (NAV) per share and reduce dilution of common shareholders. The firm intends to first issue $12.5 million in perpetual preferred securities, which are expected to be non-convertible and pay floating returns monthly. Proceeds will be allocated to the AI treasury, Bitcoin treasury, and a U.S. dollar reserve covering approximately 18 months of preferred stock dividends; specific terms and timing of the offering have not yet been finalized. Currently, the company holds a net asset value of $106.6 million, with a NAV per share of $0.62, and its closing price on August 26 stood at $0.18 per share. Genius Group projects its NAV per share could rise to $2–$4 over the next five years, though this target depends on financing execution and market conditions. The firm previously exited its Bitcoin holdings and plans to resume purchasing BTC in the fourth quarter of 2026.
10 minutes ago
realtrumpcoins has not launched or authorized any digital tokens and is cooperating with law enforcement agencies to investigate related incidents.
realtrumpcoins released a statement saying reports that Trump Coins has launched, promoted or authorized digital tokens are "completely untrue", noting the information is a malicious act by a third party. The statement emphasized that Trump Coins has never authorized any digital tokens, and will not launch, promote or authorize any such tokens in the future. It is currently cooperating with relevant law enforcement agencies to investigate the incident and seek to hold responsible parties accountable. Earlier reports noted that meme coin GOLD was created on Solana at 7:38 yesterday. Related addresses controlled more than 82% of the token’s total supply via distribution and post-launch buying. Around 9 a.m., Trump merchandise partner account @realtrumpcoins1 posted a tweet containing the GOLD contract address, pushing the token’s market cap to a peak of $66 million. At around 11:48 a.m., the tweet was deleted, and the associated addresses immediately began concentrated selling. GOLD’s market cap plummeted from $55 million to $1 million in roughly 30 seconds; the scammers then continued to offload their holdings, eventually selling all their tokens for a total profit of approximately 9,784.6 SOL (equivalent to around $1.01 million).
Imagine a prediction market, but instead of betting on elections or sports, you’re staking tokens on whether a specific software engineer will get hired. That’s Benchdot Markets, which went live on Solana’s Mainnet on August 24 courtesy of Arcium, the encrypted computation network that styles itself as a privacy-focused “encrypted supercomputer.”
The platform introduces what Arcium calls “opportunity markets,” a category it claims is the first of its kind in digital assets. Companies post open roles with optional prize pools attached, and participants called “scouts” stake on candidates they believe will land the job. If their pick gets hired, they earn a share of the bounty. If not, their stake gets refunded.
Alpha numbers that actually look solid Benchdot didn’t materialize overnight. The platform ran a Devnet alpha phase starting April 27, 2026, and the early traction was noteworthy. Over 4,000 users signed up within the first week alone.
By the time the alpha wrapped up, 900 unique participants had staked across 12 distinct markets, creating 276 options in total. The combined stake volume hit $7.67M.
Why privacy matters in hiring markets The core pitch for Benchdot hinges on a real problem with transparent prediction markets: herding and front-running. When everyone can see where stakes are flowing in real time, participants tend to pile into the same positions, diluting the quality of the signal.
Arcium addresses this with multi-party computation, or MPC. In practical terms, MPC lets multiple parties jointly compute a result without any single party seeing the raw inputs. Applied to hiring, this means scouts can stake on candidates without their choices being visible to other participants or even to the hiring company until the market resolves.
Arcium’s broader trajectory Benchdot Markets sits within a larger ecosystem that Arcium has been methodically building. The network reached Mainnet Alpha back in February 2026, establishing the foundational infrastructure for confidential applications on Solana.
Four months later, in June 2026, Arcium released its governance and utility token $ARX, giving the ecosystem a native economic layer. The project has raised more than $7.5M to date and supports over a dozen teams building confidential applications on its infrastructure.
The Solana angle is also strategic. Solana’s low transaction costs and high throughput make it a natural home for a product that requires frequent staking interactions across many participants.
What this means for the market The refund mechanism for unsuccessful stakes lowers the barrier for participation. Unlike traditional prediction markets where losing bets evaporate, Benchdot’s model means scouts only lose opportunity cost, not principal.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana registered its largest daily token burn in nearly seven months, destroying $87,000 worth of SOL on August 21. This spike in burns coincides with surging on-chain activity and increased transaction volumes across the network.
Burn mechanisms and rising on-chain activityThe Solana blockchain automatically removes half of all base transaction fees from SOL’s circulating supply. Under normal network conditions, around $47,000 worth of SOL is burned each day. The sharp rise to $87,000 followed a period of heightened on-chain usage and growing decentralized finance (DeFi) volumes.
Validator services such as Helius and Jupiter, along with developer collectives like Anza, influence the economics behind these burns. Additional involvement comes from organizations that actively manage crypto treasuries, such as DeFi Development Corp and Forward Industries. All together, these entities support an environment in which burn rates directly reflect real-world network demand.
Burn levels are integral to Solana’s broader supply and value dynamics. Each day, approximately 60,000 SOL is newly minted and the historical daily burn typically ranges near 650 SOL. The recent uptick means net inflation trends lower, a factor closely monitored by ecosystem participants.
Recent spikes in user activity and fee revenue enabled Solana to destroy $87,000 of SOL in a single day, its highest level in seven months, pushing net inflation lower and highlighting robust demand for block space and DeFi applications on the network.
Governance proposals and inflation outlookThe community is currently voting on Solana governance proposals SGP-0002 and SGP-0003, both of which are set to influence future burn patterns and network economics. A key technical update, SIMD-0553, seeks to introduce resource-based fees, which would elevate daily burns to between 7,500 and 9,000 SOL—potentially totaling up to $6.2 million. Another proposal, SIMD-0550, would accelerate a deflationary shift, targeting an inflation rate of 1.5% by 2029.
Validator concerns center on cost predictability and the impact of these changes on staking rewards and token supply. Adjustments to burn rates can affect validator incomes and require stakeholders to adapt as deflation becomes more pronounced.
Mini dictionary: Validators, also known as node operators, are responsible for securing the Solana network, processing transactions, producing new blocks, and earning staking rewards. They play a crucial role in implementing network proposals and ensuring the blockchain’s integrity.
Date/EventDaily SOL BurnUsual RangePotential Maximum (Projected)August 21, 2024$87,000$47,000$6.2 million (SIMD-0553)Impact on investors and ecosystemHigher burn rates can offer benefits for both institutional and retail investors by controlling the supply and potentially supporting the valuation of SOL over time. From the perspective of network developers, payment systems, and DePIN builders, stronger burn signals real activity, demonstrating Solana’s competitiveness compared to blockchains such as Ethereum and various Layer 2 networks.
The ecosystem continues to watch the ongoing governance votes, which end on August 29. The outcome is expected to shape Solana’s supply dynamics and validator economics in the months ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana’s RWA ecosystem has crossed $4 billion in total value for the first time, marking another milestone for a sector that has expanded rapidly over the past year.
Data from RWA.xyz shows Solana’s RWA total value at roughly $4.04 billion, alongside 350,166 RWA holders. The network now hosts more than 2,678 different kinds of real-world assets, ranging from tokenized equities and credit products to other forms of onchain financial assets.
The growth has also attracted significant capital. Solana recorded approximately $2.73 billion in net RWA flows over the past year, suggesting the expansion reflects more than short-term market movements.
Stocks on Solana Keep Breaking Records Tokenized equities have become one of Solana’s most visible RWA growth areas. Last week, the circulating supply of tokenized equities on Solana reached approximately $486 million, setting another all-time high. Traders have increasingly welcomed a market where traditional equities can trade right alongside memecoins.
Solana has maintained a strong lead in tokenized equity spot trading. According to Blockworks data, the network has recorded more tokenized equity spot trading volume than all other blockchains combined for 60 consecutive weeks since June 30, 2025.
While speaking on the When Shift Happens podcast, Jupiter COO Kash Dhanda pointed to tokenized equities as evidence of Solana’s growing role in the RWA market.
He also argued that most onchain tokenized equity trading has occurred on Solana.
Network Activity Adds to the Picture The RWA expansion comes alongside a broader increase in network activity. Solana has processed more than 1 billion transactions for 4 consecutive weeks, reaching a record 1.31 billion transactions last week.
The network also leads every Layer 1 and Layer 2 blockchain in weekly DEX volume for the 17th consecutive week.
Kash described the trend as a potential comeback for Solana, pointing to rising participation, improving performance and the arrival of Alpenglow as factors that could strengthen the network's ability to absorb additional liquidity.
Read More on SolanaFloor SGP-003 Critics Argue Resource Fees are “Damaging to Solana”
$14.59M Flows Into Solana ETFs as $SOL Breaks $90: Are We Back?
The Bitwise Solana Staking ETF (BSOL) saw nearly $100 million in trading volume in a single day, a milestone that underscores just how much institutional and retail demand has built around yield-generating crypto products.
BSOL, which trades on NYSE Arca, isn’t just a passive SOL tracker. It stakes 100% of its holdings, meaning investors get both price exposure to Solana and staking rewards in a single regulated wrapper. That dual value proposition, combined with a rock-bottom 0.20% management fee, has clearly resonated with the market.
From launch day fireworks to sustained momentum When BSOL debuted on October 28, 2025, it generated first-day volume between $55.4 million and roughly $69.5 million.
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Assets under management told an even more compelling story. The fund launched with approximately $217 million in AUM, blew past $500 million by November 2025, and has since climbed to roughly $760 to $770 million.
Bitwise waived the 0.20% sponsor fee entirely on the first $1 billion in assets for a three-month introductory period, making the cost of entry effectively zero for early adopters.
The staking yield adds another layer. SOL staking rewards have historically averaged around 7%, representing a differentiated income stream for investors already comfortable with digital asset exposure.
Tokenization enters the picture On August 13, 2026, Bitwise announced it would explore tokenizing BSOL shares through a partnership with Superstate. If executed, this would allow the ETF’s shares to exist on-chain, potentially expanding both liquidity and access beyond the traditional brokerage rails that ETFs typically rely on.
The Superstate partnership is still in exploratory phases.
A crowded field, but BSOL found its lane What sets BSOL apart from a vanilla Solana ETF is the staking component. A roughly 7% annualized yield, even if variable, provides an income story that pure price-tracking products can’t match.
With AUM approaching $770 million and the $1 billion mark within striking distance, the fee waiver clock is ticking. Investors who want the zero-fee window still have a narrowing opportunity before the 0.20% fee kicks in.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana’s fee model is about to get a lot more granular, and not every application will love the math. A simulation run by analyst @MostlyData_ quantifies what SGP-0003 would actually do to transaction costs across the network, and the results paint a picture of winners, losers, and a dramatically larger burn rate.
The governance proposal, introduced on August 3, 2026, alongside SIMD-0553, would retire Solana’s flat 5,000-lamport base fee in favor of a two-part system: a fixed 2,500-lamport inclusion fee paid to the block leader, plus a variable resource fee starting at 0.1 lamports per requested compute unit that gets burned entirely.
What the simulation actually found The core finding is blunt: Solana transactions are ordering way more food than they eat. On average, transactions request about 20% more compute units than they actually consume. Under the current flat-fee system, that overestimation costs nothing extra. Under SGP-0003, it costs real money.
That mismatch hits routers and aggregators hardest. The simulation pegged average fee increases at roughly 0.000068 SOL for Jupiter, 0.00010 SOL for Titan, and 0.00012 SOL for DFlow.
Only about 28% of transactions would see a fee increase below 10% if resource pricing accurately reflects consumption.
There is a bright spot for validators. Optimized vote transactions could become approximately 12.3% cheaper under the new model.
The burn math changes dramatically Currently, Solana burns around 648 SOL per day from signature fees. The simulation projects that SGP-0003 would push daily burns to somewhere between 1,500 and 9,000 SOL per day.
The proposal was introduced alongside a separate measure to double Solana’s disinflation rate from 15% to 30%, meaning the network would simultaneously increase token burns and accelerate the reduction of new token issuance.
Who wins and who adjusts The proposal essentially creates a tax on inefficiency. Applications that carefully calibrate their compute requests will pay fees closer to the old flat rate, or possibly less. Applications that habitually over-request CUs will pay a premium for that safety margin.
Central limit order book market makers face an especially interesting calculus. These operations submit high volumes of transactions with significant compute requirements, and even small per-transaction fee increases compound quickly into material cost changes. The simulation highlights CLOB market making as a category particularly exposed to the new pricing.
Routers like Jupiter already dominate Solana’s DeFi transaction flow. A fee increase, even a modest one per swap, could ripple through to end users or compress margins for aggregator protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylie Jenner’s verified X account, which has roughly 39.5 million followers, briefly promoted a Solana memecoin on Pump.fun before the posts were scrubbed. The token tied to the now-deleted posts saw its market cap spike to $1.21 million, then collapse below $120,000 in what appears to be the latest in a growing pattern of celebrity account compromises used to pump short-lived tokens.
The posts directed followers to a Pump.fun page with the handle “cutekjenner” and included a Solana contract address. Both were removed shortly after publication, but not before on-chain observers and community members flagged the activity as almost certainly the result of a hack.
What happened on-chain The token associated with the contract address (6b7KQsXqb6JR5Nmeer5zGRmo51dwDfttM5b5Nu2rpump) launched on Pump.fun, Solana’s dominant memecoin launchpad. Within minutes of the posts going live from Jenner’s account, buying pressure pushed the token’s market cap to an all-time high of $1.21 million.
That peak didn’t last long. Once the posts disappeared, sellers took over. The market cap cratered to below $120,000, a drop of more than 90%.
A familiar playbook Throughout 2024 and into 2025, a string of high-profile X accounts were compromised using nearly identical tactics: gain access to a verified celebrity or brand account, post a Solana token address or Pump.fun link, let the FOMO do the rest, and cash out before anyone realizes the account holder had nothing to do with it.
Community reactions on both Pump.fun and X pointed to several red flags. The tone of the posts didn’t match Jenner’s typical content. The timing was abrupt. And the deletion, coming just minutes later, suggested either the real account holder regained access or the attacker pulled the plug after extracting enough value.
As of the immediate aftermath, neither Kylie Jenner nor her representatives had issued any official statement about the incident.
The mechanics of celebrity account exploits Pump.fun has become the de facto venue for this type of attack because of how frictionless it makes token creation. Anyone can launch a Solana token on the platform in seconds, with no vetting or approval process.
The exploit relies on a simple asymmetry: the attacker knows the post is fake, but the 39.5 million people who follow Kylie Jenner do not. Even if only a tiny fraction of those followers act on the post, the resulting buy pressure on a low-liquidity token is enough to generate a massive price spike. The attacker, who presumably loaded up on the token before posting, sells into that spike.
A token that briefly hits $1.21 million in market cap on Solana, where transaction fees are negligible, represents a potentially significant payday for whoever holds a large percentage of the supply at launch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitwise’s Solana Staking ETF has approached $1 billion in net inflows less than 10 months after its launch.
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The fund, trading on the NYSE under the ticker BSOL, attracted $25 million on Aug. 24, bringing its cumulative inflows to $948 million, according to data tracked by Farside Investors.
That represents approximately 80% of the $1.2 billion flowing into US spot Solana ETFs overall. BSOL has outperformed competing funds managed by Fidelity and Grayscale, which have collectively drawn in over $315 million in net inflows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A crypto whale took profits and exited the market, earning $852,000 in just four hours, and placed a buy order for 1,000 BTC to "buy the dip".
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that went long on $71.8 million worth of BTC and ETH last night has exited its position after taking profits, earning $852,000 in just four hours of holding. The whale has now placed a limit buy order for 1,000 BTC (worth approximately $73.53 million) in the $72,611–$74,222 range, and plans to buy the dip if the crypto price falls into this zone.
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A whale withdrew 46,800 HYPE tokens, valued at approximately $3.65 million.
According to Onchain Lens monitoring, a crypto whale has once again withdrawn 46,800 HYPE tokens (valued at roughly $3.65 million) from Coinbase Prime. The whale has now amassed a total of 80,600 HYPE tokens, worth approximately $5.53 million.
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Gaokai Technology Surges Over 240% in Opening Trading on Its First Day of Listing
According to market data, new stock N Gaokai opened 240.61% higher on its first day of listing, with a current price of 209 yuan, while its issue price stands at 61.36 yuan. Calculated based on the opening price, investors holding one lot (500 shares) have an unrealized profit of approximately 73,800 yuan.
20 minutes ago
F2Pool co-founder Wang Chun has reduced his holdings of 6,609 ETH again, valued at approximately $16.63 million.
According to Yu Jian Monitoring, the address of F2Pool co-founder Wang Chun sold an additional 6,609 ETH (valued at approximately $16.63 million) 10 hours ago. Since the start of the current rally, he has cumulatively reduced his ETH holdings by 23,378 ETH, worth around $55.06 million.
20 minutes ago
HIP-3 deployer Entropy completes a $14 million funding round and launches the Anthropic pre-IPO market.
According to official announcements, Entropy has closed a $14 million funding round led by Ribbit Capital, alongside $40 million in HYPE staking support, to build enhanced and new markets. Its first Anthropic pre-IPO market has launched on Hyperliquid. Entropy is a HIP-3 market deployer, enabling perpetual futures trading for global stocks, commodities, and indices, as well as innovative products like long-dated pre-IPO equities. The Entropy team comprises researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium, focused on advancing its capital markets vision: enabling 24/7 trading of all assets in a single venue with deep liquidity. The firm is developing new trading primitives to address related pain points; its first innovation is a liquidity-weighted oracle that adjusts the confidence of external oracle prices based on the market’s executable depth, allowing price discovery to occur directly on the order book.
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The largest on-chain bull took profit and reduced positions, locking in a profit of $45.3 million.
According to Yu Jing Monitor, the largest long position holder on Hyperliquid closed out 60,000 ETH and 1,200 BTC in the early hours of today to lock in profits of $45.3 million. The holder’s long position size dropped from $537 million to $143 million. It currently holds 1,800 BTC in long positions, with an unrealized profit of $21.08 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The crypto markets have showed no signs of slowing down this new week. Major assets have retained their gains after Bitcoin delivered one of its strongest rallies in years. $BTC climbed from roughly $63,000 to nearly $80,000 over 7 days, gaining about 25%, marking Bitcoin's strongest weekly performance since March 2023.
Several catalysts combined to drive the move. President Donald Trump backed the CLARITY Act ahead of its September vote and held a White House meeting focused on crypto, while the U.S. Treasury expanded its long-term bond buyback operations to $4 billion. Those developments improved expectations around liquidity and regulatory clarity. Leverage amplified the rally. According to Coinglass data, the week ended August 22 saw a total of almost $7 billion worth of liquidations with 5.2 billion of those coming from short positions. That forced traders who bet against crypto assets to buy back their positions, adding another source of demand.
Spot ETF demand returned heavily during the rally. U.S. spot Bitcoin ETFs attracted roughly $1.92 billion last week, their strongest weekly inflow of 2026.
Notably, Strategy took a more defensive stance. The Bitcoin treasury company added $1.59 billion to its USD Cash reserve, taking total reserves to $5.1 billion, while making no Bitcoin purchases last week. Strategy still holds 840,447 $BTC, sitting on an unrealized profit of about $3.3 billion at current prices.
Solana Pushes Back Above $100 Solana also delivered a major rebound, climbing from around $75 to above $100 over the weekend. $SOL reached roughly $102.50, its highest level since February 2026, before pulling back toward its current price of $96. The token gained about 27% over the past 7 days.
U.S. spot Solana ETFs added about $28 million in net inflows last week, marking their strongest weekly inflow in 14 weeks. August inflows have reached $38.74 million with 6 trading sessions remaining.
Altcoins Catch the Rotation Capital also rotated further down the risk curve. Hyperliquid's $HYPE reached an all-time high of $83.27 on August 23, while Zcash gained more than 60% over 7 days as markets reacted to Grayscale's spot Zcash ETF filing.
Within the Solana ecosystem, $PUMP and $TRUMP led the rebound. Both tokens gained more than 100% during the week before settling at roughly 70% weekly gains.
Can Jackson Hole Become the Next Catalyst? Attention now shifts to the Federal Reserve's Jackson Hole Economic Policy Symposium, which runs August 27 to 29 under the theme "Financial Innovation: Implications for Payments and Policy." Fed Chair Kevin Warsh will make his debut at the event, putting his comments on inflation, rates and financial conditions at the center of the week's macro outlook.
Market sentiment has moved sharply with prices. CoinMarketCap's Fear & Greed Index now stands at 81, up from greed yesterday into extreme greed today. At this time last week, it was ‘Neutral’ at 40.
Before entering any trades, market participants will do well to ask themselves whether fresh ETF and spot demand can keep the rally moving.
Read More on SolanaFloor SGP-003 Critics Argue Resource Fees are “Damaging to Solana”
$14.59M Flows Into Solana ETFs as $SOL Breaks $90: Are We Back?
New infrastructure enables open competition for Solana blockspace while introducing programmable block policies for validators
Flowra today announced the launch of its Open Orderflow Auction (OOA), a new block-building framework for Solana designed to introduce open competition into the network’s MEV market and increase validator revenue.
The Open Orderflow Auction allows registered searchers to compete for transaction inclusion through a transparent auction rather than relying on closed orderflow channels. By opening blockspace to competitive bidding, Flowra aims to improve price discovery and enable validators to capture a greater share of the value generated by MEV.
In early testing on a single validator, a Flowra-enabled setup increased compute units per block by 20.6%, moving that validator from 84% to 101% of the network average, alongside higher block fees than comparable validator software and 100% block production with 99.999% block engine uptime
In addition to the auction, Flowra is introducing Programmable Block Policy, which allows validators to define their own transaction inclusion policies at the block-building layer. The feature is designed to give validators greater operational flexibility, including the ability to meet regulatory or institutional compliance requirements without changing the underlying Solana protocol. They recently announced a collaboration with compliance infrastructure provider Honeypot to bring sanctions and risk screening to this layer.
“Solana’s performance has made it one of the industry’s leading blockchain networks, but its MEV market remains largely concentrated,” said Harry Hwang , CEO at Flowra. “By opening block building to transparent competition, we’re creating a more efficient market for blockspace while giving validators greater control over how their blocks are constructed with full verifiability and auditability.”
Flowra’s architecture is inspired by the competitive block-building model that emerged on Ethereum, where open bidding significantly increased proposer revenue. The company believes Solana’s high throughput and low-latency design make it well suited for a similar market-based approach to block building.
Flowra is currently onboarding institutional-grade validators to the Open Orderflow Auction, with a broader rollout to follow as the network expands. The Open Orderflow Auction is now available to validators and searchers participating in the Solana ecosystem.
About Flowra Flowra is a blockchain infrastructure company building validator and order flow solutions for the Solana ecosystem. The company develops technology designed to improve transaction transparency, value distribution, and incentive alignment across validators, users, and builders. Through its validator infrastructure, delegation programs, and MEV-related technologies, Flowra aims to create a more open, efficient, and scalable foundation for the next generation of blockchain networks.
Pump.fun just posted $13.68 million in weekly protocol revenue, its strongest seven-day stretch since February. Nearly all of it, $13.67 million, came from activity on Solana. The remaining sliver originated from the platform’s smaller footprints on Base, BSC, and Ethereum.
The numbers behind the surge Pump.fun’s 24-hour revenue clocked in at $1.77 million, while the trailing 30-day figure reached $47.75 million. Annualized, the platform is on pace to generate roughly $461 million in protocol revenue.
Since launching on January 19, 2024, cumulative revenue has crossed $1.259 billion. Cumulative fees are even higher, exceeding $1.997 billion.
The platform earns revenue through a mix of trading fees, graduation fees (charged when a token’s bonding curve completes and migrates to open trading), and ancillary products like PumpSwap and its advanced trading terminal. The bonding curve mechanism prices tokens algorithmically as buyers pile in, creating instant liquidity without needing a traditional market maker.
PUMP token economics and holder payouts The PUMP token currently trades around $0.005, giving it a market capitalization of approximately $1.95 billion and a fully diluted valuation near $4.19 billion.
A protocol generating nearly $48 million per month while trading at a $1.95 billion valuation implies a price-to-annualized-revenue multiple of roughly 4.2x.
In the past seven days alone, $6.55 million was distributed to PUMP holders through buybacks and profit-sharing mechanisms. That means roughly 48% of weekly protocol revenue is being funneled back to token holders.
What’s driving the revival Pump.fun’s model allows token creation without pre-mines or insider advantages. The bonding curve launch mechanism means every buyer faces the same price curve, eliminating the informational asymmetry that plagues traditional token launches.
PumpSwap, the platform’s integrated decentralized exchange, captures trading volume that might otherwise leak to third-party AMMs, keeping the full lifecycle of a meme token from creation through active trading within its own ecosystem.
What this means for the broader market For Solana specifically, Pump.fun’s activity is a non-trivial contributor to network usage and transaction fees. A platform generating billions in cumulative fees creates real demand for SOL needed to pay gas, which feeds back into the network’s economic model.
For PUMP token holders, the 30-day revenue of $47.75 million and $6.55 million in weekly holder distributions are the key variables to watch. If weekly fees drop back, holder distributions would shrink proportionally, and the valuation math would need to be reworked entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana price held near $95 on Aug. 24 after gaining roughly 26% as regulatory optimism, record tokenized-asset value and active network governance votes supported the rally.
Summary
Solana price gained about 26% after breaking above the former $78 resistance level. SOL faces daily resistance between $97.68 and $98.44 after briefly reaching $102.88. Validators are voting on proposals covering governance, inflation, and transaction fees. Liquidation liquidity is concentrated near $96.30, with another cluster around $93. Solana price action today According to data from crypto.news, Solana (SOL) price traded at $94.71 at press time on Aug. 24. The token had risen from around $75 before accelerating above $78 on Aug. 19.
On the 4-hour chart, SOL extended the breakout through $83.49 and $88.06, corresponding to the 50% and 61.8% Fibonacci retracement levels measured from $64.09 to $102.88. The rally briefly carried the price above $100 before sellers forced it back toward $88.
Solana price 4-hour chart — Aug. 24 | Source: crypto.news Buyers subsequently defended the pullback and returned SOL to the $94.58 Fibonacci level. Price was consolidating slightly above that mark at the time of the chart capture, leaving the market near the upper end of its two-month range.
The daily chart shows SOL trading above its 20-, 50-, 100-, and 200-day moving averages. Those averages were positioned between $76.56 and $81.27, showing how far the price moved from its recent trend levels during the rally.
SOL’s advance also followed a wider crypto recovery. Bitcoin and crypto-linked U.S. stocks rose after the Treasury expanded its long-duration debt buybacks and President Donald Trump renewed his push for the CLARITY Act.
What is driving the SOL rally? The rally coincided with the U.S. Securities and Exchange Commission’s Aug. 18 proposal for a new framework called Regulation Crypto Assets.
The SEC said the proposed rules would give crypto companies clearer routes to raise capital under federal securities laws. The framework would also establish conditions under which certain crypto-related investment contracts could move outside existing securities requirements.
The proposal does not amount to a Solana-specific ruling or automatically remove every regulatory risk facing SOL. However, its publication reduced some of the uncertainty surrounding how U.S. securities rules may apply to functional blockchain networks and token offerings. Public comments remain open through Oct. 20.
Solana also received a network-specific catalyst when voting opened on its first three formal governance proposals. According to crypto.news, voting will remain open through epoch 1023, expected to end on Aug. 27 at approximately 15:30 UTC.
SGP-0001 would introduce the Solana Constitution as a common governance framework. SGP-0002 would double the network’s annual disinflation rate from 15% to 30%, potentially removing about 18.9 million SOL from scheduled emissions over six years.
SGP-0003 proposes a new resource and inclusion fee structure. SolanaFloor estimated that the change could raise daily SOL burning from about 648 tokens to roughly 9,000, although the outcome depends on validator approval and subsequent network activity.
Solana’s tokenized real-world asset market provided another source of support. RWA.xyz data showed that the value of tokenized assets on the network crossed $4 billion for the first time, while the number of RWA holders reached approximately 348,489.
SOL resistance sits between $97.68 and $102.88 SOL must first close decisively above the daily resistance zone between $97.68 and $98.44 to extend its recovery. The price tested the area during the latest rally but failed to hold above it.
A confirmed breakout would bring $100 back into view, followed by the Aug. 22 wick at $102.88. Clearing that high would remove the most visible nearby supply zone on the provided charts.
Solana price daily chart — Aug. 24 | Source: crypto.news The Aroon indicator supports the broader bullish setup. Aroon Up stood at 85.71%, compared with Aroon Down at 42.86%, showing that a recent high carried more weight than the latest low.
Trend strength also remained elevated on the 4-hour chart, where the Average Directional Index registered 71.50. An ADX reading above 25 generally signals a strong trend, although the indicator measures strength rather than direction.
Short-term momentum has started to weaken. The 4-hour MACD line fell to 2.59, below its signal line at 3.09, while the histogram declined to minus 0.50. The bearish crossover suggests SOL may consolidate or retest support before attempting another breakout.
The first support sits near $94.58. A close below that level would expose the $92.50–$93.25 area, followed by $88.06. The deeper $83.49 level would become important if sellers reverse the breakout, while a move below $78.91 would materially weaken the current structure.
Liquidation map points to a battle near $96 CoinGlass’ 24-hour liquidation heatmap shows the largest nearby concentration of leveraged positions around $96.20–$96.40. Price often moves toward areas containing dense liquidation orders, but the map does not guarantee that SOL will reach or break the cluster.
Solana liquidation heatmap | Source: CoinGlass A move above $96 could force some short positions to close, potentially helping SOL retest the $97.68–$98.44 resistance zone. Further liquidity appears between approximately $97 and $99.50.
Below the market, liquidation concentrations are visible around $93 and from $91.50 to $92. A rejection below $94 could therefore produce a faster move toward those lower pools before spot buyers re-enter.
The chart does not support attributing the wider market’s reported multibillion-dollar liquidation total solely to SOL. Any such figure should be described as covering the broader crypto derivatives market unless CoinGlass provides an asset-specific total.
What analysts are watching next Crypto analyst Haris identified the $98–$102 area as the main resistance zone after SOL’s latest rejection. The analyst said a break below $85 would weaken the setup, while the supplied daily chart places more immediate support at $88.06 and $83.49.
The governance vote may provide the next Solana-specific catalyst. Approval of SGP-0002 would reduce future token issuance faster, while SGP-0003 could increase the amount of SOL burned through network fees. Rejection would preserve the existing emission or fee structure.
For U.S. investors, the SEC proposal remains the larger policy event. The rules are still at the proposal stage and may change following public comments, meaning the recent rally reflects expectations rather than a completed regulatory change.
SOL’s ability to hold $94.58 while momentum resets will determine whether the move becomes a sustained breakout. A daily close above $98.44 would strengthen the bullish case toward $102.88, while a loss of $88.06 would raise the risk that the rally is unwinding.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Flowra has launched its Open Orderflow Auction for Solana, introducing an open block-building system that allows registered searchers to compete for transaction inclusion while giving validators greater control over blockspace and MEV revenue.
Summary
Flowra’s Open Orderflow Auction lets registered searchers compete transparently for transaction inclusion on Solana blocks. Flowra’s single-validator test raised compute units per block by 20.6%, with comparable block fees higher. Programmable Block Policy lets validators set inclusion rules and support compliance screening without protocol changes.
Flowra has launched its Open Orderflow Auction for the Solana ecosystem, introducing a competitive block-building framework aimed at opening the network’s MEV market to broader participation.
The framework is designed to open block building to competitive bidding, improve price discovery in Solana’s MEV market, and help validators capture more revenue. Registered searchers can compete for transaction inclusion through a transparent auction instead of relying on closed orderflow channels. Flowra said the Open Orderflow Auction is now available to validators and searchers, while it continues onboarding institutional-grade validators ahead of a broader rollout.
Open Orderflow Auction targets Solana MEV competition Flowra said the auction changes how transaction inclusion can be offered to searchers. Rather than routing orderflow through closed channels, registered participants can bid openly for access to blockspace. The company expects that model to create clearer competition around transaction inclusion and allow validators to receive more of the value generated by MEV.
Solana validators process transactions and participate in network consensus. Flowra’s framework focuses on that validator layer by introducing a new method for constructing blocks and allocating blockspace. The company says its aim is to improve transaction transparency, value distribution, and incentive alignment among validators, users, and builders.
Early validator testing shows higher block activity Flowra reported early results from testing its setup on a single validator. According to the company, the Flowra-enabled validator increased compute units per block by 20.6%. The validator moved from 84% to 101% of the network average during the test. Flowra also reported higher block fees than comparable validator software.
The company said the same setup achieved 100% block production and 99.999% block engine uptime. Those figures come from Flowra’s early testing and relate to one validator. The company is using the results as it expands onboarding for its Open Orderflow Auction across institutional-grade validators in the Solana ecosystem.
Programmable block policy adds validator controls Alongside the auction, Flowra introduced Programmable Block Policy. The feature allows validators to define transaction inclusion policies at the block-building layer. Flowra said this can give validators more operational flexibility, including the ability to address regulatory or institutional compliance requirements without changing the underlying Solana protocol.
Flowra recently announced a collaboration with compliance infrastructure provider Honeypot. The companies plan to bring sanctions and risk screening to the block-building layer. Flowra presented the policy system as a way for validators to control how blocks are constructed while retaining verifiability and auditability.
Flowra draws from Ethereum block-building model Flowra said its architecture takes inspiration from the competitive block-building model that emerged on Ethereum. Ethereum.org describes proposer-builder separation as a structure in which block builders submit bids and validators can select the most profitable offer. Flowra believes Solana’s high-throughput, low-latency design can support a similar market-based approach.
“Solana’s performance has made it one of the industry’s leading blockchain networks, but its MEV market remains largely concentrated,” Flowra CEO Harry Hwang said. “By opening block building to transparent competition, we’re creating a more efficient market for blockspace while giving validators greater control over how their blocks are constructed with full verifiability and auditability.”
Flowra develops validator and order flow infrastructure for Solana. Its products include validator infrastructure, delegation programs, and MEV-related technologies. The company’s broader goal is to support a more open, efficient, and scalable foundation for blockchain networks while improving how value is distributed among network participants. The auction is available to validators and searchers participating across the Solana ecosystem as the network expands further.
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Solana (SOL) rose by 1% over the past 24 hours, trading above $94 on Monday after a sharp 27% rally last week that lifted the token to its highest level in two months. The price surge comes as Solana holds a bullish short-term structure, trading above major moving averages and drawing increased interest from both institutional investors and network participants.
Institutional demand and validator voting support SolanaInstitutional appetite for Solana strengthened in recent days, with SOL-focused exchange-traded funds (ETFs) attracting a combined $28.34 million in inflows over the last four trading sessions. Data from CoinGlass confirmed that this marked the highest inflow for these funds in two months, aligning with Solana’s rapid price rebound during the period.
Ongoing institutional interest, if sustained, could offer further buying support for SOL and build the case for an extended bullish trend. However, analysts note that a single week of positive flows does not yet signal a definitive change in investor sentiment. Many market participants are watching whether institutional demand persists after the recent run-up.
At the same time, validators on the Solana network began voting on three key governance proposals—SGP 1, SGP 2, and SGP 3—with the process scheduled to conclude on Thursday.
SGP 1 aims to establish a Solana Constitution, creating a formal framework for network-level governance and protocol decision-making. SGP 2 proposes raising Solana’s disinflation rate from 15% to 30%, which would accelerate the decline in the inflation rate without directly reducing the current token supply. SGP 3 seeks to revise transaction-fee mechanics by introducing a fixed base fee paid to block leaders, alongside a resource component that is burned based on a transaction’s computing demands.
Taken together, these proposals could significantly alter Solana’s governance, token issuance, and transaction economics if passed.
Mini dictionary: Solana validator — An entity or participant responsible for confirming transactions, producing blocks, and participating in network governance decisions on the Solana blockchain. Validators help secure the decentralized network and maintain its protocol.
Technical outlook: $100 resistance and key support zonesTechnically, Solana’s near-term trend remains positive as it trades above its 50-day Exponential Moving Average at $79.04 and the 200-day EMA at $92.67. The 4-hour chart shows that SOL is currently approaching resistance at $98.41, the May 11 high, with a psychological barrier at $100 just above it.
A daily close above $100 is widely viewed as necessary to confirm a sustained recovery. If this level is breached with conviction, analysts see upside potential toward $112.52, defined by the 127.2% Fibonacci extension from the recent decline.
LevelTypePriceSupport200-day EMA$92.67ResistanceMay 11 high$98.41ResistancePsychological barrier$100.00TargetFibonacci extension$112.52Lower support50-day EMA$79.04Lower support50% Fibonacci retracement$76.92Momentum indicators are pushing into overbought territory. The 4-hour Relative Strength Index stands near 64, signaling robust buying but also indicating that the rally may be overextended. The Moving Average Convergence Divergence (MACD) maintains a positive bias, pointing to ongoing trader interest.
Analysts caution that the risk of profit-taking or short-term consolidation has increased, given the rapid gains. If selling pressure emerges, immediate support lies at the 200-day EMA of $92.67. A breakdown below this point could send SOL toward the 78.6% Fibonacci retracement at $88.56, then the 50-day EMA at $79.04.
Despite these risks, as long as Solana remains above $92.67, the short-term outlook is seen as constructive. Breaking and holding above $100 would likely reinforce the bullish momentum and open the door for higher targets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Back in 1997, the architects of the internet reserved HTTP status code 402 for a future where payments could flow natively through the web. They labeled it “Payment Required” and then promptly shelved it for nearly three decades.
AI agents transferred 3.3 million USDC on Solana via the x402 protocol in just the past week. Over the last 90 days, that figure balloons to 5.1 million total transfers, according to Token Terminal metrics. The typical transaction clocks in at under $0.50, which tells you everything about the kind of economy being built here: not whale trades, but millions of tiny automated payments flowing between machines.
What x402 actually does Think of x402 as giving AI agents a credit card that works natively on the internet. When an AI agent makes an HTTP request to a server, the server can respond with a 402 status code containing payment details. The agent reads those details, settles the payment on-chain in USDC, and gets access to whatever resource it was requesting. No human intervention, no checkout flow, no payment processor taking days to settle.
Solana has emerged as the dominant settlement layer for this activity, processing roughly 70% of x402 transaction volume on a monthly basis. The network has handled over 35 million x402 transactions cumulatively. Its combination of sub-second finality and negligible transaction fees makes it a natural fit for micropayments that would be economically impractical on higher-fee chains.
The consortium behind x402 The x402 protocol is managed by the x402 Foundation, whose participant list includes Solana Foundation, Coinbase, Cloudflare, Stripe, and Visa. Coinbase originally designed the standard before transitioning stewardship to the foundation.
Ramp, the corporate spend management platform, integrated x402 into its services on August 20, 2026, for over 70,000 businesses. That integration allows enterprises to let AI agents autonomously fund and spend from USDC wallets on Solana.
Why micropayments matter this time AI agents don’t experience decision fatigue. They can evaluate whether paying $0.12 for a data feed is worth the value it generates and execute the transaction in milliseconds. This removes the single biggest obstacle that has historically strangled micropayment systems.
The 5.1 million transfers over 90 days on Solana alone suggest this isn’t theoretical anymore. Real agents are making real payments at a pace that would be physically impossible for human users. And the growth trajectory is steep: 3.3 million of those transfers happened in the most recent week, meaning weekly volume now represents roughly 65% of what took the previous three months to accumulate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana reported a 1% price increase over the last 24 hours, trading above $94 on Monday. This move followed a 27% jump in the previous week, marking Solana’s strongest level in two months.
Institutional demand and network upgrades support SOLThe current uptick in Solana’s price is accompanied by growing institutional interest, particularly as investment funds focused on SOL registered notable capital inflows. Major exchange-traded funds specializing in Solana received a total of $28.34 million in new investments across four straight trading sessions last week, according to CoinGlass. This represents the largest weekly inflow since June and coincided with SOL’s significant rebound.
Sustained inflows from these institutional vehicles may offer additional buying pressure and could fuel further price appreciation for the token. However, analysts noted that positive flow for one week alone does not guarantee an established long-term trend, and investors are carefully monitoring whether the momentum persists.
At the same time, Solana validators began voting on three new governance proposals on Monday, a process scheduled to conclude Thursday. These proposals, labeled SGP 1, SGP 2, and SGP 3, are expected to shape the future of the Solana network.
SGP 1 seeks formal approval of the Solana Constitution to set a foundation for governance and future upgrades. SGP 2 aims to increase the network’s disinflation rate from 15% to 30%, thereby accelerating the decline in the inflation rate and slowing supply growth without affecting the existing supply.
SGP 3 proposes changes to the transaction fee structure. This includes introducing a fixed base fee paid to the block leader and a resource fee tied to the computational resources needed for transactions; this latter portion would be burned, reducing circulating supply. Collectively, these updates could impact Solana’s governance, economic incentives, and technical framework.
Mini dictionary: Solana validators, elected network participants responsible for producing blocks and voting on protocol changes to maintain the integrity and evolution of the Solana blockchain.
Key resistance and technical indicatorsSolana’s near-term structure remains bullish as the price holds above its major moving averages. The current price stays above the 50-day Exponential Moving Average (EMA) at $79.04 and the 200-day EMA at $92.67, both indicators of positive momentum.
SOL faces immediate resistance at $98.41, the recent swing high recorded on May 11. The $100 price level also presents a psychological barrier. A convincing daily close above $100 is seen as confirmation of a sustained recovery and could trigger a further rally toward $112.52, which corresponds to the 127.2% Fibonacci extension level from the recent swing low.
Momentum indicators suggest strong buying interest but warn of potential short-term consolidation. The 4-hour Relative Strength Index (RSI) stands near 64, approaching the overbought threshold, while the Moving Average Convergence Divergence (MACD) shows bullish continuation with a positive histogram.
The immediate focus for traders remains on whether SOL can achieve a clear breakout above $100, with the sustainability of ETF inflows and validator decisions influencing near-term price action.
IndicatorCurrent ValueImplicationPrice$94Above weekly average50-day EMA$79.04Support200-day EMA$92.67SupportRSI (4-hour)64Near overboughtResistance$98.41, $100Barriers to breakoutFibonacci Extension$112.52Potential targetETF Inflow$28.34 millionRising institutional interestOn the downside, maintaining a position above the 200-day EMA at $92.67 would support the bullish outlook. A close below this level may prompt a deeper pullback toward the 78.6% Fibonacci retracement at $88.56, with further declines possible to the 50-day EMA at $79.04 or the 50% retracement at $76.92 if selling intensifies.
At present, the constructive outlook for Solana remains intact as long as the price holds above key support levels and institutional buying continues to provide a tailwind for the token.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana has recorded a weekly buy signal after rebounding from the mid-$70s to nearly $95, signaling a possible shift in trend. Analyst Jesse Olson identified this setup as a sign that Solana may be forming a macro bottom, but he cautioned that additional confirmation is needed for a broader reversal.
Technical Breakout Hints at Trend ChangeThe SOL/USD chart shows Solana trading at $95.28, up 27.8% for the week after starting near $74.54. This move brings price back above a descending structure that had guided the token’s decline over recent months. Olson pointed to the appearance of a weekly buy signal, noting its similarity to a previous cycle during which Solana initially dipped another 35% after flashing a similar signal, before eventually gaining 991%.
The possibility of repeating this trajectory remains uncertain, but Olson emphasized that the signal could be significant if SOL is indeed building a long-term base. The chart marks immediate resistance between $100 and $105, with the long-term blue trend indicator at $108.76 serving as a critical level. Sustaining a weekly close above this zone would indicate that buyers have regained control and potentially turn this resistance area into support.
On the downside, holding above $76.80 will be important for preserving the developing bullish setup. A close below that level on the weekly chart would challenge the macro-bottom scenario and raise the risk of a further decline.
Mini dictionary: Jesse Olson is an independent crypto analyst known for sharing technical chart analysis and insights on digital assets, particularly Solana, across social media platforms.
Solana has also approached a descending trendline drawn from previous highs. Breaking above this line, along with reclaiming the $108–110 region, would provide more robust confirmation than the buy signal alone.
LevelPriceSignificanceImmediate Resistance$100–$105Key level to confirm reversalMajor Resistance$108.76Long-term trend indicatorSupport$76.80Critical for bullish structureSupport (lower)Mid-$60sRecent lows, bearish risk if breached Solana’s weekly technical chart flashed a buy signal near $95, prompting speculation among traders that the token is forming a macro bottom. Price action around the $100–$105 region will be crucial in determining whether a broader reversal can take hold.
Signal Confirmed, but Caution RemainsOlson’s updated chart later confirmed the buy signal had officially printed, highlighting a green indicator beneath the current setup. SOL briefly traded at $94.84 after a strong weekly candle broke out from the consolidation zone of the mid-$70s to low $80s. Indicator dots near price shifted away from the persistent bearish pattern seen during the decline.
This development is notable because Solana spent several weeks trading below the descending structure that followed a drop from above $200. The rebound now positions SOL near the $100–$105 resistance, centered around a key blue trend line.
A weekly close above this resistance would support a larger bullish reversal. However, failing to reclaim the area could see price slip back into consolidation, limiting immediate upside potential.
Olson remarked that, unlike Ethereum, Solana has yet to post a higher high, a technical milestone often used to confirm a shift from bearish to bullish market structure. As it stands, the weekly buy signal serves as an early alert but does not fully confirm a trend reversal.
Support at $75 to $80 remains pivotal for bulls. A drop below this zone would soften the current bullish narrative, while a deeper decline toward the mid-$60s would further undermine sentiment.
Solana’s weekly chart structure has improved with the new buy signal, but the decisive factor is whether the token can reclaim and hold above the 100–105 region, turning the signal into a broader reversal.
For now, traders are watching if Solana can sustain the recent breakout. Confirmation above resistance would mark a turning point for the asset, while rejection would leave the broader recovery in question.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solflare has integrated PhoenixTrade Perps into its mobile wallet, allowing users to access over 65 leveraged markets through an onchain orderbook on the Solana blockchain. This integration, announced via social media by @SolanaFloor, enhances the accessibility of Phoenix Trade’s non-custodial perpetual futures exchange for users within the Solana ecosystem. By leveraging Solflare’s mobile platform, users can now interact directly with Phoenix’s leveraged markets, which are supported by USDC collateral. This move extends the reach of an existing onchain derivatives venue, potentially increasing engagement with Solana’s leveraged capabilities.
The development comes as Solana’s market participants weigh the potential impact on SOL’s price, particularly in light of recent increased onchain activity and a notable rise in the burning of SOL tokens. Market pricing suggests that the integration could contribute to a positive sentiment around Solana, although the effect is moderated by the news originating from a Tier 3 source. Currently, the prediction market on whether Solana will reach $160 in August shows limited optimism, with a mere 0.8% YES probability.
Key Takeaways The integration of PhoenixTrade Perps into Solflare’s mobile wallet suggests enhanced access to Solana’s leveraged markets. Market pricing implies a cautious stance on Solana reaching higher price targets in August, reflecting moderate impact from this development. Recent Solana ecosystem activity, including high token burn rates, appears consistent with increased utility and engagement. What to Watch Observers should monitor any shifts in Solana’s price movements and volumes in response to this integration. Key actors to watch include Solana Labs and Solana Foundation, which might provide further updates or enhancements to the ecosystem. Additionally, developments related to ETF approvals or institutional adoption could further influence Solana’s market sentiment, potentially aligning with a YES outcome for higher price targets.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.9% — — View market → September 1 2026 1.6% — — View market → September 1 2026 3.8% — — View market → September 1 2026 11.8% — — View market → September 1 2026 2.7% — — View market → September 1 2026 0.9% — — View market → September 1 2026 0.5% — — View market → September 1 2026 0.1% — — View market → September 1 2026 2.7% — — View market → September 1 2026 25.3% — — View market → September 1 2026 0.1% — — View market → September 1 2026 10% — — View market →
Whale’s short positions, which first set 10 major price targets, may see their unrealized losses expand to $6.88 million.
As Bitcoin rebounds to hit the $80,000 mark, the massive short positions in Bitcoin and Ethereum held by the whale codenamed "Set 10 Big Goals First" may return to loss if they retain their original positions. The open positions are as follows: - BTC short positions: 1,830.724 BTC, worth approximately $139 million, average entry price $76,397.56 - ETH short positions: 12,756.739 ETH, worth approximately $30.25 million, average entry price $2,371.57 Based on current BTC price of $79,300 and ETH price of $2,499, the total unrealized loss on the whale's address could reach $6.88 million. The whale has previously resumed live trading on Binance but is currently in an invisible status, making it impossible to confirm whether the trader has closed positions to stop loss.
17 minutes ago
Scott Bessent plans to take aggressive measures to push the 10-year U.S. Treasury yield to 5%.
According to Fox Business News, Wall Street executives stated that U.S. Treasury Secretary Scott Bessent is preparing to take aggressive measures to push the 10-year U.S. Treasury yield to around 5%. The Trump administration is not expected to pursue fiscal austerity policies, but instead aims to reduce debt via tax increases. Earlier reports noted that Bessent is eyeing the trillion-dollar "emergency fund pool" to cover U.S. Treasury obligations, leveraging the powerful tool of the Treasury General Account (TGA) to influence long-term bond yields.
17 minutes ago
Coinbase will list spot trading for BASECAT and DRB.
Coinbase to Launch Spot Trading for Basecat (BASECAT) and DebtReliefBot (DRB). If liquidity conditions are met and trading is supported in relevant regions, the BASECAT-USD and DRB-USD trading pairs will open today.
17 minutes ago
US-listed crypto-related stocks rose across the board, with Strategy up 5.1% and BitMine surging 7.47%.
According to market data from BIT (bit.com), as Bitcoin hit $80,000, all US-listed crypto-related stocks rallied, with details as follows: Strategy (MSTR) rose 5.1%; Coinbase (COIN) fell 1.1%; Circle (CRCL) gained 1.57%; BitMine Immersion (BMNR) surged 7.47%; SharpLink Gaming (SBET) increased 5.88%; HYPE Treasury Co. (PURR) climbed 2.41%.
17 minutes ago
Maji opens BTC rolling positions, adds an additional $12 million in long positions, bringing total position size to approximately $87.44 million.
According to TradingBeats' monitoring, after Bitcoin returned to the $80,000 level for the first time in 101 days, "Big Brother Machi" Huang Licheng began rolling over his long positions, adding $12 million in long trades in just under 10 minutes. His current holdings are as follows: BTC long positions: ~$87.44 million, with an unrealized profit of ~$50,000, entry price of $79,449.30, liquidation price of $72,419.26; ETH long positions: ~$57.40 million, unrealized profit of ~$2.49 million, entry price of $2,392.66, liquidation price of $2,159.41; HYPE long positions: ~$19.39 million, unrealized loss of ~$80,000, entry price of $79.46, liquidation price of $46.14; PUMP long positions: ~$14.69 million, unrealized loss of ~$740,000.
17 minutes ago
Robinhood ecosystem token PONS briefly surged past $83 million in market capitalization, hitting an all-time high.
According to GMGN monitoring, the ecosystem token PONS on Robinhood Chain briefly broke through $83 million in market capitalization, hitting an all-time high. It is currently trading at $79.5 million, up 93.1% in the past 24 hours, with around $18.8 million in trading volume over the same period. PONS is the platform token of Pons, a native token issuance platform on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, uses the collected WETH fees to repurchase PONS, and directly burns the collected PONS fees. Some in the community regard it as the Pump.fun on Robinhood Chain. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
Solana tokenomics proposals SGP-002 and SGP-003 are now open, with $SOL stakeholders casting their votes on two critical changes to network inflation and resource fees.
While initial votes lean heavily towards approving both proposals with flying colors, critics have become more vocal in arguing against SGP-002 and SGP-003.
Why are the experts divided on proposals theoretically designed to make $SOL more valuable?
Solana Governance Proposals Go Live Solana’s stakeholders are once again heading to the ballot boxes to express their views on $SOL inflation and tokenomics design.
Authored by Helius’ _lostin_, SGP-002 suggests doubling $SOL’s disinflationary rate, bringing the network to its terminal inflation rate of 1.5% p.a. ~3 years early. Simultaneously, Temporal’s cavemanloverboy has floated SGP-003, which proposes introducing a resource fee designed to make Solana programs more efficient and implement a $SOL value accrual mechanic.
With both votes scheduled to run until the end of epoch 1024, or roughly September 28, onchain data suggests both proposals will pass in a landslide. While both SGP-002 and SGP-003 are far from reaching the 33% of stake quorum, over 96% of early voters have responded in favor of the proposals.
However, as we’ve seen previously, early voting behavior is hardly an indicator of final outcomes. SIMD-0228, an earlier governance proposal deliberately new $SOL issuance mechanics, received strong initial support, before a flurry of late voters overturned the vote, which ultimately failed.
Ellipsis Labs CEO Pushes Back on SGP-003 With SGP-003 finally being put to a vote, many of the proposal’s critics have reinforced their arguments against the suggested resource fee. Speaking out against SGP-003, Ellipsis Labs CEO Eugene Chen asserted that introducing a resource fee will make Solana a “worse home for applications”.
Chen, CEO of the firm behind Phoenix Perps and SolFi, the network’s first major prop AMM, argues that the proposal penalizes applications the author deems a “a poor use of blockspace”. By adding a fee that scales based on the complexity and resource-intensiveness, one could argue that the network discourages developers and engineers from building creative and complex applications.
Speaking with SolanaFloor, SGP-003 author cavemanloverboy asserts that the onus is then simply on developers and engineers to write more efficient code. His sentiments were further echoed by ex-Flash Trade engineer Busy Panda, who opined that Solana needs a resource fee mechanic to ensure block space is correctly optimized.
Manifest has also expressed opposition towards SGP-003. According to Solana’s leading spot CLOB DEX, the proposal favors prop AMM architecture and could result in more onchain security risks by forcing developers to write more complex code.
Stakeholders Express Concerns Over “Lost Income” As for SGP-002, pockets of Solana’s validator community are voicing their concerns over the impacts of doubling network disinflation. While much of the Solana community has expressed resounding support for any proposal that will lower $SOL inflation, validators argue this change comes at the direct expense of those providing the network security we all rely upon.
Triton’s Brian Long recently shared a series of arguments against SGP-002 and the proposed acceleration of Solana’s disinflation rate, citing lost stakeholder income as a potential risk to validators. Long asserts the proposal forces validators to give up income for the sake of a speculative attempt to increase price.
Helius CEO Mert Mumtaz pushed back on Long’s arguments, claiming they are mathematically incorrect and positioning it as a Trojan Horse to justify “extracting more value from users” in the name of “economic rationality”.
Ultimately, the raging debates around both proposals highlight one of the core features of blockchain governance. Everyone has self-serving interests, and these can either support or inhibit the chain’s development and progress.
Validators rightly don’t want to suffer a loss of income, and developers and engineers don’t want to pay higher fees in order to run existing programs. Neither of these positions is unreasonable, but both can be seen as counterproductive to the more popular desire among $SOL holders to try and increase the asset’s markets.
Under Solana’s new governance mechanics, stakers are now able to override validators and vote on these proposals directly. Regardless of your views, every $SOL staker owes it to themselves to learn the ins and outs of each proposal and ensure that their votes reflect their views.
Solana’s decentralized application ecosystem pulled in $35 million in revenue last week, the highest weekly total in 29 weeks. The last time the network’s apps hit a comparable mark was back in early February, making this a notable rebound after months of more modest figures.
Where the money is coming from Pump.fun, the memecoin launchpad that has become synonymous with Solana’s consumer-facing identity, has been generating between $8 million and $12 million in revenue over recent seven-day periods. The platform’s lifetime revenue has now crossed the $1 billion mark.
DeFi protocols Jupiter and Raydium continue to serve as the network’s trading backbone. Jupiter, Solana’s leading aggregator, routes swaps across the ecosystem’s liquidity pools, while Raydium provides the automated market-making infrastructure that underpins much of the network’s trading volume.
Revenue concentration among the top applications is striking, with the top-performing apps claiming 60–78% of total revenue, according to analytics from DeFiLlama and SolanaFloor.
Solana’s sustained lead over other chains In Q2 2026, Solana dApps collectively earned $257 million, maintaining the network’s position as the top-revenue blockchain for the ninth consecutive quarter across both Layer 1 and Layer 2 networks. Solana captured roughly 41% of total Web3 dApp revenue during that stretch.
Monthly figures during peak periods earlier in 2026 surpassed $100 million. Weekly revenues showed meaningful volatility throughout the year, ranging from around $16.94 million during quieter stretches in April and May to peaks approaching $50 million during standout weeks.
Memecoins as an economic engine Memecoin launches and trading activity, facilitated primarily through Pump.fun, represent a massive chunk of Solana’s application economics. Trading activity generates fees for validators, creates volume for DEX protocols like Raydium, and drives swap transactions through Jupiter.
What to watch going forward Revenue concentration among a small number of applications means the ecosystem’s headline metrics are vulnerable to idiosyncratic shocks. Weekly revenues fluctuating between $16.94 million and $50 million within a single year underscores how quickly conditions can shift.
Network fees generated by high transaction volumes flow to validators and stakers, creating a direct economic link between application activity and token value. Nine consecutive quarters of revenue leadership is the kind of consistency that tends to attract institutional attention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana is preparing to flip the switch on Transaction v1, a protocol upgrade heading to testnet in the coming weeks that triples the maximum transaction size. The change takes the ceiling from 1,232 bytes to 4,096 bytes, clearing the way for operations that previously had to be split across multiple transactions or stitched together with workarounds.
What’s actually changing The upgrade is defined across two Solana Improvement Documents: SIMD-0296 and SIMD-0385. Together, they redesign how transactions are structured at the protocol level.
Transaction v1 introduces a new version byte (0x81) and moves compute and priority-fee configurations into a fixed header mask. That’s a fancy way of saying resource limits get baked directly into the transaction header instead of being handled separately, which should streamline how validators process each transaction.
The bigger payload capacity unlocks several use cases that were previously painful or impossible to execute atomically. Zero-knowledge proofs, large multisig transactions, and BLS signature schemes can now fit inside a single transaction rather than relying on lookup tables or bundling tricks to piece things together.
Address Lookup Tables, the compression tool Solana introduced to squeeze more accounts into legacy-sized transactions, are being removed in the new format. Analysis from mid-August 2026 suggests the transition is smoother than it might appear. Roughly 62% of sampled v0 transactions were using ALTs, yet most of those transactions fit comfortably within the new 4,096-byte limit when converted to v1 format, with a median excess of approximately 420 bytes to spare.
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Timeline and testing status The testnet launch is targeted for late August 2026. Local testing has been available for a while through solana-test-validator version 4.2 and above, along with tools like Surfpool.
Preliminary feature-gated improvements for mainnet kicked off on August 17, 2026 as part of the Agave 4.2 client release cycle. That means the groundwork is already being laid for an eventual mainnet deployment, though the testnet phase will come first to shake out any issues.
Legacy transactions and the current v0 format will continue to work without modification. This isn’t a forced migration. Developers and applications that don’t need the extra capacity can keep doing exactly what they’re doing.
That said, indexers and infrastructure services will need to adapt. The new transaction serialization format means any tool that parses raw transactions, block explorers, analytics platforms, RPC providers, needs to understand the v1 structure.
Why this matters for Solana’s architecture The 1,232-byte transaction limit dates back to the network’s early design decisions around UDP packet sizes and later QUIC networking protocols adopted post-2022. While the limit helped keep the network fast, it also forced developers into creative contortions when building anything complex.
DeFi protocols sometimes had to break a single logical operation into multiple transactions. Multisig wallets with many signers bumped up against the ceiling regularly. And zero-knowledge applications, which produce proofs that simply don’t fit in 1,232 bytes, required workarounds.
Transaction v1 doesn’t solve every scaling challenge Solana faces, but it removes a bottleneck that was becoming more noticeable as applications grew more sophisticated. The 3.3x increase gives developers meaningfully more room without fundamentally changing the network’s performance characteristics.
What to watch next Developers building on Solana should be watching how their existing transaction patterns translate to the new format, especially if they currently rely on Address Lookup Tables. While the data suggests most workloads will port cleanly, edge cases always exist.
The gap between testnet activation and mainnet deployment will be the window to watch. If that transition happens without major incidents, it validates Solana’s approach of embedding resource limits directly into transaction headers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitwise Asset Management took in more than $1.8 billion of new money in the first half of 2026, chief executive Hunter Horsley said Sunday. Crypto prices fell through most of it.
Tom Lee called the result outstanding. However, the money did not chase prices, as three of the four Bitwise product lines behind that total pay investors an income instead.
Why Lee Called It OutstandingHorsley posted the figure on Sunday. Net inflows measure new money in, minus money pulled out.
In H1 of this year, amidst a bear market, investors put over $1,800,000,000 into Bitwise products (“net inflows”),” the Bitwise executive shared.
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, commented, lauding the team for growing significantly despite bearing market conditions.
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) August 23, 2026
Lee has stayed bullish through the slump. He ranked 17 crypto stocks earlier this week. Bitcoin (BTC) traded near $77,403 on Sunday, little changed.
What the Money Actually BoughtHorsley said four franchises each drew over $100 million. They were:
ETFs and ETPs (exchange-traded funds and products)
Private strategies
Staking, and
Vaults.
Three of them pay a yield. Bitwise numbers show how much.
Its vault, opened in January with the onchain lender Morpho, targets about 6% a year on stablecoins. Its tokenized Crypto Carry Fund held $259 million by late May and yielded 4%.
Carry sounds complex but is simple. The fund buys crypto, sells futures against it, and keeps the gap.
Staking drew the fastest money. Bitwise’s Solana staking fund passed $500 million just 18 days after listing last November. Rivals now rush to put Ethereum yield in ETPs.
The Fund That Sells Price Alone ShrankOne Bitwise product pays nothing. The Bitwise 10 Crypto Index ETF (BITW) holds a basket of large tokens. Bitcoin and ether are about 91% of it.
Its filings tell the story. Net assets fell from $1.03 billion on December 31 to $678 million on March 31. That is 34% gone in three months.
Two forces did it. Price per share dropped 24%. Investors also cashed out 2.25 million shares, about 13% of the fund.
Cost was not the reason. Bitwise had just cut the fee from 2.50% to 0.75% when the fund joined NYSE Arca in December. The same fund gained 94.8% in 2024.
Staff felt it too. A Bitwise workforce reduction on August 12 cut headcount from roughly 180 to 155.
Net inflows count deposits, not gains. Inside Bitwise, investors paid for yield and walked away from price.
