Track market-moving stories before they get noisy

Here’s a sentence you probably didn’t expect to read today: there’s a Solana-based meme token called “Jail Achraf Hakimi” that’s been trading with real volume while the man himself captains Morocco at the 2026 FIFA World Cup.

The 27-year-old Paris Saint-Germain defender lost an appeal on June 19, 2026, when the Versailles Court of Appeal confirmed he must stand trial on rape charges stemming from a 2023 incident. That same day, he played the full 90 minutes as Morocco beat Scotland in a group stage match.

The legal backdrop, and the tokens feeding off it Preliminary charges against Hakimi were filed in March 2023, based on accusations from a 24-year-old woman. Hakimi has denied all allegations and plans to continue his legal challenges. If convicted, he faces a maximum sentence of 15 years.

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Moroccan coach Mohamed Ouahbi has publicly backed his captain, stating the team is “behind him.” Hakimi has captained Morocco throughout the World Cup group stage.

A fan token trading under the ticker AH and a separate Solana-based meme token branded around Hakimi’s name have both experienced notable volatility. The trading activity appears to correlate directly with on-field performances and courtroom developments.

Why crypto traders care about a football trial What makes this case worth watching is the dual catalyst structure. Hakimi generates headlines from two completely separate arenas: football matches and court rulings. Each creates a potential volatility event for tokens tied to his name.

That said, the broader trading community appears cautious. There’s been limited substantive market commentary or analysis around these tokens, suggesting that most serious participants view them as high-risk, low-conviction trades rather than anything resembling an investment thesis.

The bigger picture for sports and speculative crypto The speed at which Solana’s infrastructure allows anyone to create and list a token means that the gap between “trending topic” and “tradeable asset” has collapsed to essentially zero.

The tokens have no fundamental backing, no team behind them with a product roadmap, and no mechanism for value accrual beyond speculative demand. Traders considering exposure to personality-driven meme tokens should remember one reliable rule: the people who profit most from these trades are the ones who create the tokens, not the ones who buy them after they trend on social media.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

In a recent article, Chase Barker, Founder Ecosystem Growth at the Solana Foundation, declared revenue to be “the new meta.” Solana manlets took those words to heart because, for the first time in 4 months, Solana has reclaimed the top position among all blockchains by daily Network Real Economic Value (REV), highlighting renewed demand for blockspace across the network.

Network REV measures the fees and tips users pay for general-purpose blockspace. Unlike transaction fees alone, the metric combines both in-protocol fees and out-of-protocol tips to provide a broader picture of the economic value generated by blockchain activity. The latest data placed Solana ahead of every competing blockchain in daily REV, reflecting stronger onchain demand.

The milestone comes as several of Solana's key network metrics continue to reach new highs.

Trading and Transaction Records Continue Solana processed more than 1 billion non-vote transactions during the past week, setting a new all-time high for weekly transaction activity.

The network also ranked No. 2 globally in combined DEX and CEX spot crypto trading volume for the second consecutive week. Solana recorded $12.25 billion in weekly trading volume, ahead of Bybit's $10.57 billion and trailing only Binance.

Price action also improved. According to CoinGecko data, $SOL gained more than 27% over the past month and now trades roughly 33% above its recent low of $60, making it the strongest performer among the top 10 cryptocurrencies by market capitalization during the latest rally.

Q2 Showed Broad Growth Solana's return to the top of the Network REV rankings follows a record-breaking Q2 2026. The network processed $4.84 billion in tokenized equity spot trading volume, capturing more than 96% of the market for the 4th consecutive quarter.

Solana dApps generated $257 million in revenue, extending their lead for a 9th straight quarter, while quarterly non-vote transactions reached roughly 9.8 billion, representing 59% of all blockchain transactions. Perpetual futures volume climbed to a record $183 billion, and the Foundation's delegated stake declined to 4.92% of the total network stake as decentralization efforts continued.

These milestones came despite bear market conditions, suggesting the network could be well-positioned for further growth if Q2 marked the cycle's bottom.

Revenue Reflects Real Usage In the aforementioned article, Chase Barker argued that revenue has become one of the clearest indicators of blockchain health. He noted that fee generation reflects real user activity rather than speculation, and that protocols creating value directly onchain strengthen Solana's long-term economic network effects.

Solana's return to the top of the Network REV rankings aligns with that view, suggesting that increasing user activity, higher transaction demand, and growing protocol usage continue to translate into measurable economic value across the network.

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Somewhere in the Solana memecoin casino, a new contender has quietly surpassed Official Trump ($TRUMP) in market capitalization. The twist: it has significantly less liquidity, which is a bit like owning a mansion you can’t actually sell.

The rise and brutal fall of $TRUMP Launched on January 17, 2025, by entities associated with President Donald Trump, the token briefly commanded a market cap between $15 billion and $27 billion within its first couple of days.

As of early July 2026, $TRUMP trades at roughly $1.67 to $1.68 per token. That puts its market cap at approximately $398 million, representing a decline of over 97% from its all-time high near $73 to $75.

In English: if you put $10,000 in at the top, you’re looking at about $230 today.

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According to Nansen data, nearly one million buyers have accumulated losses totaling around $3.81 billion. Meanwhile, Trump-linked entities that hold significant portions of the supply have reportedly generated hundreds of millions in fees.

Market cap vs. liquidity: why size isn’t everything Market cap is calculated by multiplying a token’s price by its total circulating supply. If a token has a billion units in circulation and the last trade was at $1, the market cap reads $1 billion. But if only $50,000 worth of tokens actually trade on any given day, that $1 billion figure is more theoretical than practical.

Low liquidity creates several concrete problems for holders. Large sell orders move the price dramatically. Slippage eats into returns on both entry and exit. And in a panic, the exit door is extremely narrow, meaning everyone tries to sell at once and only a few get out at reasonable prices.

The fact that this new token surpassed $TRUMP’s $398 million market cap while maintaining far less liquidity suggests the valuation is fragile.

What the Solana memecoin ecosystem looks like now Solana has become the default blockchain for memecoin speculation, partly due to low transaction fees and fast settlement times. Fartcoin became a notable example of the genre, attracting mainstream media coverage for its absurd branding while actually achieving meaningful trading volume for a period.

What this means for investors Nearly one million people collectively lost $3.81 billion on what was arguably the most well-known memecoin launch ever. The token had everything going for it: name recognition, media coverage, political tribalism driving purchases. None of it was enough to prevent a 97% drawdown.

Traders who are tempted by the headline number should be asking pointed questions. What is the daily trading volume relative to market cap? What percentage of the supply is concentrated in a small number of wallets? Is there any liquidity locked, and if so, for how long?

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

In brief BONK suffered a $20 million exploit related to a malicious governance attack. A passed proposal sent 4.4 trillion BONK tokens to an alleged attacker's address. The meme coin team is working with exchanges and the Solana Foundation to manage the situation. BonkDAO, the decentralized autonomous organization tied to the popular Bonk meme coin on Solana, fell victim to a "malicious" governance attack that resulted in a roughly $20 million heist from its treasury. 

The team behind the meme coin and its various endeavors said it is working with centralized exchanges, network bridges, and the Solana Foundation as it navigates the situation. 

“During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal,” the meme coin account posted on X. 

“Law enforcement has been notified,” it said. “BonkDAO continues to work with relevant parties to recover funds and identify those responsible.”

BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.

During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is…

— BONK!!! (@bonk_inu) July 6, 2026

Dubbed a “drain,” by the meme coin project, the incident took place around 4:00 a.m. ET on Monday, when more than 4.4 trillion BONK tokens, valued at $19.3 million at the time of writing, were transferred from the treasury wallet to an address ending in “JHvQ.” 

That event was highlighted as the second key instruction in a Bonk Improvement Proposal #76, a governance proposal submitted and passed using BonkDAO’s governance platform. 

Entitled “Sowellian BonkDAO,” the proposal sought to “implement Sowellian governance, install new members and council, rebuild from the ashes, monetize holdings, and stop the bleeding.” 

It also indicated that all “yes” voters would be eligible to receive BONK tokens. But the tokens that moved to “JHvQ”—a wallet identified by Solana blockchain explorer Solscan as being funded via a Bybit account—have not been distributed to any other parties. Instead, they were transferred around 3:30 p.m. ET to a different Solana address ending in “eh42.” 

As a result of the incident, crypto exchanges have taken action. South Korean exchange Upbit and American exchange Kraken have both paused deposits and withdrawals of the BONK token, with the former citing “user protection measures following the circumstances of a security incident.” 

BONK, once a top 100 crypto token by market cap, has fallen around 7% in the last 24 hours to trade around $0.0000043. That price is around 93% below its all-time high mark of $0.000058.

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BONK DAO has confirmed that attackers drained an estimated $20 million worth of BONK tokens from its treasury through a malicious governance proposal.

The stolen funds have reportedly started moving to exchanges, prompting the project to coordinate with exchanges, the Solana Foundation, and law enforcement in an effort to recover the assets. The BONK meme coin fell over 10% on this news.

BONK Price Performance. Source: BeInCryptoBONK DAO Confirms $20 Million Governance AttackBONK DAO has become the latest victim of a high-profile decentralized governance attack after confirming that approximately $20 million in BONK tokens was drained from its treasury.

BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.

During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is…

— BONK!!! (@bonk_inu) July 6, 2026 Follow us on X to get the latest news as it happens 

According to the project’s official statement, the attacker successfully passed a malicious governance proposal, allowing treasury funds to be transferred to wallets under their control. BONK said it has already identified the exchange wallets used to accumulate voting power before the proposal was executed.

The team is now working alongside exchanges, the Solana Foundation, bridges, and law enforcement to track the stolen assets and explore recovery options.

How the Attack WorkedPreliminary on-chain analysis shared by blockchain investigators suggests the attacker purchased roughly $4 million worth of BONK to secure enough voting power for the proposal.

Once approved through BONK DAO’s governance system on Solana’s Realms platform, the proposal authorized the transfer of an estimated $20 million from the DAO treasury.

Unlike a smart contract exploit, the incident appears to be a governance attack, where token-weighted voting was used to legitimately approve a malicious treasury transaction.

“Basically $4M worth of BONK was used by the drainer to vote YES for taking $21M worth of BONK tokens from the DAO,” one expert highlighted.

Reports also indicate that portions of the stolen BONK have already begun moving to cryptocurrency exchanges, raising concerns that the attacker may attempt to liquidate the holdings.

BONK Transfers After Hack. Source: ArkhamWhat’s Next for BONK?The investigation remains ongoing, with BONK stating that recovery efforts are underway.

The incident is expected to renew industry debate over DAO governance security, particularly around safeguards such as timelocks, multisignature approvals, and treasury execution delays designed to prevent single governance proposals from draining protocol funds.

Investors will now be watching for updates on potential fund recovery, exchange actions, and whether BONK introduces governance reforms to strengthen treasury protection.

Fresh bullish signals emerged for Solana after its first SuperTrend buy trigger since October.

Solana (SOL) has posted a strong recovery after rising more than 13% over the past week. The latest uptrend has pushed its monthly gains to over 30%. At the time of writing, the crypto asset was trading at around $80 despite a market-wide retracement following Strategy’s BTC sale.

Alongside the price moves, on-chain activity has also picked up.

On-Chain Activity and Treasury Stocks The Solana network added 1.60 million new addresses over the past two weeks, according to crypto analyst Ali Martinez, indicating accelerating network growth.

In a separate analysis, Martinez also flagged that the SuperTrend indicator on SOL’s three-day chart has generated a new buy signal. This is the first such signal since October 10, 2025, when the Average True Range (ATR) trailing stop flipped below the price.

He pointed out that the previous SuperTrend sell signal had been followed by a 74% price correction. According to the analyst, the latest signal confirms a shift in trend from bearish to bullish and could pave the way for SOL to climb toward $100.

Meanwhile, MN Fund founder Michaël van de Poppe also maintained his bullish outlook. He said that the crypto asset is breaking back into its trading range and could see a brief pullback before continuing higher. He added that the $75-$77 range needs to hold as support, and if it does, SOL could not only continue its advance toward $100 but also potentially reach $120 in the coming weeks or months.

Several Solana-focused digital asset treasury (DAT) companies have also posted gains alongside the asset. Shares of Sol Strategies (STKE), for instance, have climbed 13.64% over the past month, while Solana Company (HSDT) gained around 12%. Additionally, Forward Industries (FWDI) also rose by over 7% during the same period.

You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash Bitcoin to $16 Trillion? ARK Says BTC Could Eat 70% of the Entire Crypto Market Network Adoption In terms of broader usage trend, Grayscale Research found that the Solana network has processed an average of over 100 million transactions per day so far this year, which is equivalent to more than 1,200 transactions per second. During the same period, it recorded an average of 4.3 million unique daily users and generated roughly $100 million in transaction fees. This activity was attributed to applications across DeFi, social trading, and decentralized infrastructure.

Meanwhile, Solana-based decentralized exchanges have handled over $360 billion in trading volume year-to-date, far exceeding the volume recorded by other blockchain ecosystems.

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Tom Lee forecasts U.S. stocks will strengthen in July, with the S&P 500 potentially rising to 8,000 points this year.

Tom Lee, chairman of BitMine—the largest Ethereum treasury—told CNBC in an interview that he expects U.S. stocks will perform stronger in July, citing more reasonable market valuations and investor sentiment that has not turned overly bullish. July will kick off the second-quarter earnings season, with first-quarter corporate earnings coming in notably better than expected. The current market price-to-earnings (P/E) ratio is roughly 1.1 percentage points lower than it was in January. Lee forecasts second-quarter earnings will again exceed estimates, pushing valuations down further and creating room for P/E expansion, leading him to conclude July will be a month of stronger stock performance. On whether the S&P 500 can hit 8,000 points this year, Lee said the target is achievable. He noted 8,000 points roughly corresponds to $400 in 2026 earnings per share (EPS) and a ~20x P/E ratio, but added he views current EPS estimates as too low, with the P/E multiple potentially reaching 22x or higher—implying upside could even hit 8,400 to 8,800 points by year-end. That said, Lee also warned the market could see a correction "that feels like a bear market" between August and October, not July. Many fund managers have underperformed benchmarks this year; only 23% have beaten the Nasdaq Growth Index, the lowest level in nearly five years, so July may bring significant dip-buying demand. Lee added the February-April pullback, though just ~7%, already felt like a bear market, while later this year, factors like the Fed’s new policy framework and SpaceX’s gradual stock unlocks could test the market.

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The US stock market’s chip, optical communication and storage sectors have rallied collectively, with CRDO surging over 11% and Western Digital rising more than 9%.

According to BIT (bit.com) market data, US chip stocks rallied across the board. AMD rose 8.13%, Broadcom (AVGO) gained 5.48%, Arm (ARM) advanced 5.39%, Qualcomm (QCOM) climbed 5.15%, TSMC (TSM) increased 4.81%, Intel (INTC) rose 3.79%, and Marvell Technology (MRVL) gained 3.70%. Optical communication-related stocks led the gains: Credo (CRDO) jumped 11.14%, Astera Labs (ALAB) rose 10.08%, Ciena (CIEN) advanced 4.57%, Coherent (COHR) climbed 4.53%, Applied Optoelectronics (AAOI) gained 4.19%, and Corning (GLW) rose 3.90%. The storage sector also posted gains, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) gaining 5.90%, SanDisk (SNDK) rising 2.41%, and Micron Technology (MU) advancing 1.72%.

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Nasdaq gains extended to 1% after Trump earlier said the market would rally sharply.

According to Bit.com's market data, the Nasdaq's gain has widened to 1%, after Trump posted that the market would surge sharply.

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Microsoft will lay off 6,400 employees, with half of the cuts stemming from a restructuring of its Xbox gaming division.

According to market sources, Microsoft (MSFT.O) will lay off 6,400 employees, with half of the cuts coming from a restructuring of its Xbox gaming division. The layoffs represent roughly 2.8% of the company’s total workforce. Microsoft will sell five studios, including Compulsion and DoubleFine.

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Trump once again urges buying Dell: "Go get a Dell computer"

US President Donald Trump publicly urged people to "buy a Dell computer", once again endorsing Dell. When asked about Dell’s prior donation to the "Trump Account", Trump said, "We will find a way to get that money back." Separately, Trump specifically mentioned Micron Technology, saying "Thank you Micron". Earlier, Micron had invested $250 million in the Trump Account.

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Elon Musk has not yet commented, but SpaceX’s president first donated 2 million shares, marking the largest corporate contribution to the "Trump account".

SpaceX President Gwynne Shotwell announced Monday that she and her husband will donate 2 million SpaceX shares to the "Trump Account" program, with one share each going to more than 2 million U.S. children. At the current share price of roughly $160, the total value of the donation is approximately $320 million. The announcement comes just days after Trump publicly predicted SpaceX would participate in the initiative. Shotwell noted the donation targets children aged 11 to 17 in lower-income areas, with a focus on recipients near her home in central Texas. Earlier, Michael Dell and his wife pledged a $6.25 billion donation, Micron Technology committed $250 million, and firms including BlackRock, Intel and JPMorgan Chase said they will match donations at a $1,000 per-person standard. Trump told CNBC in a prior interview that he expected Elon Musk would also donate SpaceX shares, stating "I think he will do that," though Musk has not publicly responded to date. Trump also added that his relationship with Musk remains strong, describing their past disagreements as "a little friction."

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Solana (SOL) is trading slightly lower on Monday after rallying more than 14% last week, with the 100-day Exponential Moving Average (EMA) at $81.63 capping potential upside. Despite a slight pullback, improving derivatives positioning, steady inflows into US-listed spot Solana Exchange-Traded Funds (ETFs), and rising on-chain activity indicate that bullish momentum remains intact, keeping the door open for further gains.

Early signs of institutional demandInstitutional demand shows early signs of optimism. SoSoValue data show that spot ETFs recorded an inflow of $5.75 million in the previous week, following an outflow of $1.81 million. If this inflow continues and intensifies this week, SOL price could see further gains.

Total SOL ETF net inflow weekly chart. Source: SoSoValueOn-chain activity shows a bullis biasSolana’s official X account posted on Monday that tokenized-asset spot volume surged to $5.7 billion in Q2, up from $2.69 billion in Q1. This rise indicates that Solana network expansion, growing institutional adoption and strengthening on-chain demand suggest a bullish outlook.

CryptoQuant’s summary data shows mild bullish sentiment. Solana’s spot and futures markets show large whale orders amid neutral conditions across other metrics, supporting a potential upside.

Improving derivatives metricsThe derivatives metrics support a positive outlook. Solana’s futures Open Interest (OI) surged to $5.80 billion on Saturday, the highest level since mid-May and steadied around $5.58 billion on Monday. This rise in OI reflects increasing investor participation and projects a bullish outlook.

Solana open interest chart. Source: SoSoValueIn addition, CoinGlass funding rate for SOL turned positive on Sunday, reading 0.0081% on Monday, indicating that longs are paying shorts and suggesting bullish sentiment.

Solana funding rate chart. Source: CoinglassSolana Price Forecast: Faces resistance around 100-day EMA Solana price trades at $80.89 on Monday after rallying over 14% in the previous week. SOL’s near-term tone is neutral to slightly constructive as price holds above the 50-day Exponential Moving Average (EMA) at $76.41 and the 50% retracement at $79.27, yet remains capped under the 100-day EMA at $81.63 and the 61.8% Fibonacci retracement at $83.78. 

The Relative Strength Index (RSI) hovers in the low 60s, while the Moving Average Convergence Divergence (MACD) stays in positive territory, both suggesting firm but not overextended bullish momentum as long as price holds above the nearby support band.

On the topside, initial resistance comes at the 100-day EMA around $81.63, followed by the 61.8% Fibonacci retracement at $83.78; a daily close above this cluster would open the door toward the 78.6% Fibonacci retracement at $90.21 and then the horizontal barrier at $96.19, ahead of the 200-day EMA around $96.73. 

On the downside, immediate support is seen at the 50% retracement near $79.27, with additional cushions at the horizontal level of $77.06 and the 50-day EMA at $76.41; a break below there would expose the 38.2% Fibonacci retracement at $74.75 and deeper Fibonacci supports at $69.16 and $60.13.

(The technical analysis of this story was written with the help of an AI tool.)

Key Takeaways Blockchain security company Coinspect has identified a critical security weakness dubbed “Ill Bloom” that impacts cryptocurrency wallets on Bitcoin, Ethereum, Polygon, Tron, Solana, and additional networks The security issue originates from inadequate random number generation used when creating wallet recovery phrases in specific mobile wallet applications Hackers have successfully stolen a minimum of $5 million starting May 27, including one coordinated assault that emptied 431 wallets totaling $3.1 million The vulnerability has existed since 2018, meaning wallets created years ago could still be compromised Users can verify their wallet’s safety using a complimentary verification tool provided by Coinspect Coinspect, a prominent blockchain security organization, has revealed a critical security flaw named “Ill Bloom” that threatens thousands of cryptocurrency wallets worldwide.

The security weakness is rooted in insufficient randomness during the seed phrase generation process used by certain software wallets. When wallet applications employ inadequate random number generators during the creation phase, the resulting mnemonic phrases become susceptible to prediction and exploitation by malicious actors.

Multiple blockchain networks are impacted, including Bitcoin, Ethereum, Polygon, Rootstock, Tron, and Solana.

According to Coinspect’s investigation, this security flaw has existed for at least six years, dating back to 2018. Alarmingly, vulnerable wallets were still being created as recently as several weeks ago, putting both longtime users and newcomers at serious risk.

Timeline of the Exploitation Campaign The first major coordinated attack occurred on May 27, when cybercriminals targeted 431 wallets from a pool of 2,114 identified vulnerable addresses, successfully draining $3.1 million worth of digital assets.

A second wave of attacks struck over the weekend, with approximately $2 million extracted from compromised wallets. Current estimates place total losses at a minimum of $5 million, though Coinspect suggests the actual figure may be considerably higher when accounting for losses across all affected blockchain networks.

To prevent further exploitation, Coinspect has deliberately withheld complete technical specifications of the vulnerability, limiting the information available to potential attackers.

According to the security firm, hardware wallet owners remain unaffected by this particular vulnerability. Most popular software wallet providers are also considered secure. The primary risk group consists of individuals who generated their recovery phrases using obscure or lesser-known mobile wallet applications.

Historical Precedents of Seed Generation Vulnerabilities The Ill Bloom vulnerability is not an isolated incident in the cryptocurrency security landscape.

During 2023, Ledger’s cybersecurity division discovered that the browser extension version of Trust Wallet contained a seed generation weakness that significantly reduced randomness. This flaw reduced potential phrase combinations to approximately four billion possibilities, making it feasible for attackers to crack wallets within 24 hours using modest GPU computing power. Trust Wallet addressed the vulnerability before any user funds were compromised.

Similarly in 2023, a security weakness in the Libbitcoin Explorer wallet software resulted in $900,000 being stolen through systematic private key brute-force attacks.

What makes the Ill Bloom vulnerability particularly concerning is that it doesn’t originate from a single wallet provider, making remediation efforts more complex and widespread.

SlowMist, a respected security monitoring organization, has confirmed it is actively tracking the ongoing situation. Coinspect is calling on wallet developers to implement weak mnemonic detection capabilities directly into their applications.

Concerned users can access Coinspect’s specialized verification tool to determine whether their wallet addresses are vulnerable. If unauthorized transactions have occurred from your wallet, the Ill Bloom vulnerability may be responsible.

Stablecoins just had their biggest month ever, and Visa has the receipts. The payments giant’s Onchain Analytics dashboard recorded $1.79 trillion in adjusted stablecoin transaction volume during June, narrowly eclipsing the previous record of $1.78 trillion set back in February.

Visa filters out inorganic activity like bot-driven trading and wash transactions, meaning this figure represents something closer to actual humans and institutions moving actual money.

USDC is running the show The breakdown by stablecoin tells a clear story of market dominance shifting. USDC, the dollar-pegged stablecoin issued by Circle, accounted for roughly 67% of the total adjusted volume at $1.21 trillion. USDT, Tether’s longstanding market leader by supply, captured about 32% at $576 billion.

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The activity was heavily concentrated on two networks: Solana and Base. Solana’s appeal is straightforward, offering sub-cent transaction fees and near-instant finality that make it a natural home for high-frequency stablecoin transfers. Base, Coinbase’s Layer 2 network built on Ethereum, has quietly become a preferred rail for USDC activity, which makes sense given Coinbase’s role as a co-founder of the USDC ecosystem through its relationship with Circle.

The 63% jump from May to June is striking on its own, but the year-over-year comparison is even more dramatic. A 125% increase signals that stablecoin adoption isn’t just growing. It’s accelerating.

The bigger picture: $10.2 trillion in twelve months Cumulative adjusted stablecoin volume over the trailing 12 months has reached approximately $10.2 trillion, according to Visa’s dashboard, which is powered by blockchain data firm Allium.

Visa has been tracking stablecoin performance since 2019. The company’s methodology, built in partnership with Allium Labs and Artemis, specifically aims to capture organic user flows rather than inflated on-chain metrics.

The dashboard’s rolling 30-day figure as of early July was hovering near $1.8 trillion, suggesting June wasn’t a one-off spike but part of a sustained upward trajectory.

The total market capitalization of stablecoins has crossed $322 billion. Visa’s own stablecoin settlement pilot has expanded across nine different blockchain networks, achieving an annualized run rate of $7 billion as of April. The company processes more than $12 trillion annually across its card network.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Kylian Mbappé just did something no footballer has ever done: score at least three goals in three separate FIFA World Cups. The 2018, 2022, and 2026 tournaments each got the Mbappé treatment, and the crypto market, predictably, lost its collective mind.

While the French striker was busy making history on the pitch, a parallel economy of unauthorized tokens, NFT speculation, and prediction market bets was spinning up in real time.

Meme tokens ride the Mbappé wave At least two Solana-based meme tokens, $MBAPPE and $MBAPEPE, saw notable spikes in trading volume following Mbappé’s performances during the 2026 World Cup. Neither token has any official connection to the player.

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The trading surges tracked across June and July 2026 mirror a familiar playbook: real-world event happens, social media amplifies it, speculators rush into the nearest liquid proxy. The tokens function less like investments and more like sports betting with extra steps and fewer consumer protections.

Crypto prediction markets have also gotten in on the action. Platforms allowing users to wager on Mbappé’s goal tallies saw over $465K in volume tied to his performance.

The Sorare connection, and the scam that wasn’t his fault Mbappé isn’t entirely detached from the crypto world, though. He’s been an investor and ambassador for Sorare, the Ethereum-based NFT fantasy sports platform, since June 2022. The platform lets users buy, sell, and trade digital player cards, and the World Cup has predictably renewed interest in the product.

Rare Mbappé cards on Sorare have fetched prices as high as $66,850.

But where there’s celebrity association in crypto, there are scams. In 2024, Mbappé’s X account was hacked, and the attackers used it to promote a fraudulent $MBAPPE token on Solana. The fake token briefly surged to a market cap between $460 million and $464 million before collapsing, leaving traders with over $1 million in losses.

Why this matters for crypto investors The unauthorized token market carries no intrinsic value, no team behind them with a roadmap, and no recourse if the price goes to zero. The 2024 account hack that generated $460 million in fake market cap is exactly the kind of headline that invites regulatory enforcement action.

For traders who insist on playing in this space, the rules haven’t changed. Size positions small. Assume anything without an official endorsement is pure speculation. And remember that the same volatility that creates 10x gains in an afternoon can erase them just as fast.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

A decentralized blockchain is now handling more spot trading volume than some of the biggest centralized exchanges on the planet. Solana has climbed to the No. 2 spot in global spot crypto trading volume, processing roughly $12.25 billion and sitting behind only Binance in the rankings.

The numbers behind Solana’s trading surge Solana’s decentralized exchange ecosystem has been on a tear. Weekly spot trading volume exceeded $7 billion in mid-June 2026, comfortably surpassing Coinbase at roughly $6.4 billion and Kraken at approximately $4.4 billion.

The cumulative spot trading volume across Solana’s DEX platforms hit $1.6 trillion in 2025, capturing approximately 11.92% of the global market share.

Daily on-chain activity has peaked at over 100 million transactions in mid-2026. Solana’s low transaction fees and high processing capacity have made it the default venue for traders who want speed without the gas fee headache that has historically plagued Ethereum.

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Perhaps the most striking data point is in tokenized equities. Solana now accounts for roughly 97% of on-chain tokenized equities spot volume as of early June 2026.

What’s driving the volume explosion Three forces are converging to push Solana’s numbers higher: memecoins, DeFi protocols, and tokenized real-world assets.

Memecoins continue to generate enormous trading volume on Solana-native DEXs. The blockchain’s cheap fees make it the natural home for the kind of rapid-fire speculative trading that defines the memecoin market.

Tokenized equities and real-world assets represent a fundamentally different kind of volume than memecoin speculation, reflecting institutional interest in the network’s reliability and settlement guarantees.

Solana has frequently ranked either first or second in DEX volume metrics across both 7-day and 30-day periods, outperforming Ethereum in several of those windows.

What this means for investors For SOL token holders, higher network activity generally translates to more fees burned and more economic value accruing to the network. Trading volume is one of the clearest demand-side indicators for a layer-1 blockchain’s long-term viability.

Scalability under sustained load is an open question. Solana has improved dramatically since its outage era, but 100 million daily transactions puts enormous stress on validators and infrastructure.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

On-chain growth within the Solana network has accelerated significantly over the past two weeks. According to Glassnode data shared by analyst Ali Charts, an impressive 1.6 million new addresses have joined the Solana ecosystem in this period. As a result, the total number of addresses surged from around 6.8 million to approximately 8.6 million, marking a notable expansion in user participation.

New address surge highlights growing interestThe sharp increase in new addresses signals rising user engagement, enhanced on-chain participation, and broader adoption within the Solana ecosystem. While this metric alone does not guarantee an imminent price breakout, it is recognized as a key indicator that can strengthen bullish expectations whenever increased network activity and user demand are observed.

Ali Charts pointed out that 1.6 million new addresses joined the Solana network over the past two weeks, emphasizing that this surge extends beyond price dynamics and is clearly visible across on-chain data.

Glassnode is a blockchain data analytics platform known for providing investors with insights into network activity. The uptick seen in Solana addresses demonstrates that alongside price movements, observers are closely monitoring network utilization as a measure of organic growth.

Mini glossary: On-chain data refers to blockchain metrics relating to transactions, addresses, and activity, directly tracked from network records. The count of new addresses measures the pace of new wallets entering the ecosystem, providing early signals of user interest.

SOL price maintains short-term uptrendFrom a technical perspective, SOL continues to uphold its short-term bullish structure. According to analysis from More Crypto Online, there is currently no definitive sign of a local price peak, which supports the ongoing constructive outlook for the latest price wave.

More Crypto Online notes that so far, price action has not provided a clear signal of a local top, assessing that if the Elliott Wave structure holds, the $86 to $94 range could remain in focus as the next stage for SOL.

The analysis identifies the first major support level at $80.38, while subsequent supports reside at $78.22 and $76.52. Holding above these levels is viewed as critical for maintaining bullish sentiment over the short term.

For an upward scenario, resistance levels are found at $85.81, $88.79, and $93.95. With continued buying interest, SOL could make another attempt to approach these resistance areas in the near term.

IndicatorLevelFirst support$80.38Other supports$78.22 and $76.52Resistance zone$85.81 to $93.95Deeper retracement zone$71.17 to $64.68Key zone to watch in deeper pullbacksIn the event of a steeper correction, the $71.17 to $64.68 range may become critical support, potentially reshaping the short-term outlook. While a drop toward these levels would weaken the current bullish structure, analysts suggest it would still fall within a broader corrective pattern for SOL.

In the short term, the main focus for investors is whether SOL can maintain its higher low formation. If robust network growth and technical support persist, market observers will be closely watching the $86 to $94 band as the next significant target area.

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.

https://www.investopedia.com/solana-5210472

Solana’s weekly active users have surged from 16.8 million to 29.7 million, marking a significant increase of 12.9 million users, according to data shared by @SolanaFloor. This rapid growth underscores Solana’s competitive position as a leader in on-chain activity among major blockchain networks, surpassing competitors like Tron, BNB Chain, Bitcoin, and Ethereum. This user expansion is attributed to heightened activity around the memecoin ANSEM and suggests robust user engagement on the Solana network. The increase also coincides with Solana reaching a record 3.77 billion non-vote transactions in June, indicating substantial real-world usage.

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Key Takeaways Solana’s user growth appears consistent with strong network expansion, reflecting a 76.8% increase in active users. The significant rise suggests robust adoption and engagement, potentially influencing market confidence in Solana’s ecosystem. Recent surge in user activity aligns with record transaction volumes, indicating substantial real-world application usage. What to Watch Markets are closely monitoring whether Solana’s price will reach $90 in July, with current pricing suggesting a 51% probability. Factors such as the successful deployment of the Alpenglow upgrade or resumed ETF inflows could support a YES outcome. Conversely, if Solana’s price fails to sustain certain support levels, it may impact market confidence. Key actors like Solana Labs’ CEO Anatoly Yakovenko and crypto analysts will likely influence market sentiment in the coming weeks.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 50.5% — — View market → August 1 2026 1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.1% — — View market → August 1 2026 3.6% — — View market → August 1 2026 0.6% — — View market → August 1 2026 23% — — View market → August 1 2026 2.2% — — View market → August 1 2026 13.5% — — View market → August 1 2026 0.5% — — View market →

Bitcoin’s [BTC] current cycle shows long‑term holders absorbing losses instead of capitulating. However, with emerging historical bear market patterns, a final washout to $50K by Q3 remains possible before a durable bottom forms.

Beyond Bitcoin’s looming price bottom, other major crypto headlines include Solana’s [SOL] surge in tokenized volume, Michael Saylor’s latest Bitcoin remarks, and continued outflows from BTC ETFs. 

Here’s a full breakdown of the top updates that shaped the market in the past 48 hours.

Solana’s tokenized asset spot volume jumped For Solana, the total value of spot trading involving tokenized real-world assets (RWAs) on the Solana blockchain more than doubled over a three-month period.

The jump from $5.7 billion in Q2 indicates that investor activity and liquidity in Solana’s tokenized asset ecosystem increased significantly.

Source: Solana/X This surge suggests that more users, institutions, and decentralized finance (DeFi) applications are actively using Solana to trade tokenized real-world assets. In fact, the monthly price action of Solana was also positive, changing hands at $80.72 at press time, after a hike of roughly 30%. 

Strategy’s Saylor makes a fresh tease amidst criticism Meanwhile, Michael Saylor has once again taken to X with his latest tease, where he noted,

Source: Michael Saylor/X This announcement is widely being interpreted by the crypto community as another teaser that Strategy may soon announce a fresh Bitcoin purchase. This speculation stems from Saylor’s history of sharing cryptic Bitcoin-themed messages shortly before the company reveals new acquisitions.

Several market participants echoed this sentiment, with comments such as “back to buying” suggesting that Strategy has likely resumed accumulating Bitcoin. While others speculated that the company could be using proceeds from its preferred stock offerings to expand its reserves. Some, however, questioned whether Strategy had recently raised enough capital to fund another significant purchase.

As of now, the company holds 847,363 BTC, worth approximately $53.2 billion at current prices, accumulated through 113 separate purchases, making it the world’s largest corporate Bitcoin holder. Meanwhile, investor optimism around another potential acquisition helped lift MSTR stock, which was trading at $100.77, a 7.9% gain. 

Bitcoin ETF bleeds again  However, the continued outflows from spot Bitcoin ETFs indicate that investors have been withdrawing more money from these funds than they have been investing. 

Source: SoSo Value Since the 15th of May, spot Bitcoin ETFs have largely remained on an outflow streak, with weekly withdrawals peaking at $1.72 billion. Most recently, from the 29th of June to the 2nd of July, the funds recorded another $527 million in net outflows, extending the streak to eight consecutive weeks.

Spot Ethereum ETFs followed a similar trend, posting $13.67 million in net outflows over the same period. In contrast, spot ETFs tied to SOL, XRP, and HYPE continued to attract fresh capital, recording net inflows of $5.75 million, $17.19 million, and $4.32 million, respectively.

Final Summary Michael Saylor’s Strategy has made another Bitcoin tease, but the Bitcoin ETF outflow streak is raising concerns. The spot volume of tokenized assets on Solana jumped to $5.7 billion in Q2, further supported by a 30% monthly hike in its price action. 

Table of contents

Solana is trading at $80.43, up 11.09% over the past week as SOL extends a recovery that began from a $64.04 low in late June. The rally has outpaced the broader market, building on relative strength SOL showed even during the height of last month’s selloff, when it fell less than most major coins as Bitcoin hit a 20-month low.

Key Takeaways SOL trades at $80.43, up 11.09% on the week, after climbing from a $64.04 low in late June Solana’s spot ETFs remain unique among majors for launching with staking enabled, passing validator rewards directly to shareholders Two major network upgrades are advancing in parallel: Alpenglow, a consensus overhaul now live on a test cluster, and Firedancer, Jump Crypto’s new validator client $72 was the key reclaim level flagged during June’s selloff; SOL has since cleared it and pushed toward the $78–$85 zone that would confirm a stronger bullish reversal Solana remains exposed to the same macro forces affecting the broader market, and a portion of its on-chain activity is tied to speculative memecoin trading that can deflate quickly Solana Price Metrics MetricValuePrice$80.437-Day Change+11.09%Market Cap$46.74 billion24h Volume$1.82 billionCirculating Supply581.12M SOLMax SupplyUncapped Source: CoinMarketCap, Binance

Solana Price Analysis: Extending the Recovery From $64 Solana’s chart has shifted decisively since bottoming at $64.04 in late June. Price cleared its 7-day, 25-day, and 99-day moving averages in succession through late June and early July, with the 99-day average — previously a long-term overhang — now sitting well below spot price at $74.38. The move from $64 to above $80 represents one of the strongest recoveries among major assets over the same stretch, though SOL has pulled back slightly from a local high near $83.98 in the past 24 hours.

Support and Resistance Levels LevelPriceSignificanceResistance 2$85Upper bound of the zone that would confirm a stronger bullish reversalResistance 1$78Lower bound of the confirmation zone; a close above signals continuationCurrent Price$80.43—Support 1$72Prior reclaim level from June’s selloff; now the key level to holdSupport 2$62–$66Range that held through the deepest part of the June correction What Could Happen Next Bullish scenario: SOL holds above $72 and pushes through the $78–$85 zone with volume, confirming a structural reversal and opening room toward new local highs.

Base scenario (most likely): SOL consolidates between $72 and $85 through mid-July as the market digests the pace of the recent rally alongside broader crypto conditions.

Bearish scenario: A break below $72 would align with renewed Bitcoin weakness; a deeper breakdown risks a retest of the $62–$66 zone that held during June’s correction.

Why Solana’s Price Is Outperforming Solana’s relative strength traces to a structural advantage: its spot ETFs launched with staking enabled, passing validator rewards through to shareholders — a yield component that Bitcoin and Ethereum ETF products don’t offer. In a market where institutions have pulled money from non-yielding Bitcoin ETFs, a product that pays staking yield has proven comparatively more attractive, and Solana has attracted some of the more consistent positive ETF flows among majors in recent weeks.

Fundamentals are reinforcing that demand. Two major upgrades are advancing: Alpenglow, Solana’s consensus overhaul, is live on a test cluster and represents a significant step toward dramatically faster transaction finality. Firedancer, the new validator client from Jump Crypto, continues a careful rollout focused on performance and reliability. Together, these target Solana’s two historical weak points — speed and network outages — giving the network a fundamental anchor that has helped sustain investor confidence through volatile conditions. For the latest developments across the sector, see Crypto Market Today.

The Risk That Remains Solana’s rally should not be mistaken for immunity from broader market conditions. SOL remains correlated to the same macro forces affecting Bitcoin and the rest of the market, and a renewed leg lower in Bitcoin would likely pull SOL down alongside it. There is also Solana’s continued reliance on speculative activity: a cooling memecoin cycle earlier this year trimmed network fees meaningfully, a reminder that part of Solana’s on-chain volume is speculative and can deflate quickly when sentiment shifts.

Solana Price vs Other Major Cryptocurrencies At a $46.74 billion market cap, Solana ranks as the seventh-largest cryptocurrency, smaller than Bitcoin, Ethereum, and XRP, but its staking-enabled ETF structure sets it apart from both. Where Bitcoin and Ethereum spot ETFs offer no direct yield to holders, Solana’s ETF products pass through validator rewards — a structural differentiator that has helped SOL attract steadier institutional demand during periods when Bitcoin ETFs have seen net outflows.

Summary Table MetricSolana (SOL)Price$80.43Market Cap$46.74 billion24h Volume$1.82 billionSupply CapNone (uncapped)ConsensusProof-of-History / Proof-of-Stake Compare Crypto Prices Today AssetPrice24h ChangeBitcoin (BTC)$62,999.45+0.22%Ethereum (ETH)$1,778.33-0.49%XRP$1.1463+0.47%Solana (SOL)$80.43-0.15%BNB$585.36+1.74%TRON (TRX)$0.3279+0.64% Where to Buy Solana Solana can be purchased on major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX. SOL holders can also stake directly through validators, pooled staking services, or liquid staking tokens to earn network yield.

This article is for informational purposes only and does not constitute financial advice.

Frequently Asked Questions What is the price of Solana today? Solana is trading at $80.43 as of July 6, 2026, up 11.09% over the past week as it extends a recovery from a $64.04 low in late June.

Why is Solana outperforming other major cryptocurrencies? Solana's relative strength traces to its staking-enabled spot ETFs, which pass validator rewards to shareholders and have attracted steadier demand than non-yielding Bitcoin ETFs, combined with steady progress on the Alpenglow and Firedancer network upgrades.

What makes Solana's ETF different from Bitcoin or Ethereum ETFs? Solana's spot ETFs launched with staking enabled, passing validator rewards directly to shareholders. Bitcoin and Ethereum ETF products currently offer no comparable staking yield.

What are the key Solana price levels to watch? Support sits at $72, the level SOL needs to hold to maintain its recovery structure, with a deeper floor at $62–$66. Resistance sits in the $78–$85 zone, which would need to break with volume to confirm a stronger bullish reversal.

What are Alpenglow and Firedancer? Alpenglow is Solana's consensus overhaul, currently live on a test cluster and aimed at dramatically faster transaction finality. Firedancer is a new validator client developed by Jump Crypto, focused on improving network performance and reliability.

Is Solana still exposed to broader market risk? Yes. Despite its relative strength, Solana remains correlated to Bitcoin and broader crypto market conditions, and a portion of its on-chain activity depends on speculative memecoin trading that can decline quickly when sentiment shifts.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

Solana has reclaimed center stage in the crypto market after its recent surge. The price of $SOL has bounced back to the 81 dollar range, and its strengthening against Bitcoin has caught the attention of short-term traders. While the overall altcoin market remains mixed, some analysts argue that Solana’s technical picture appears notably more constructive than its peers.

A key breakout versus BitcoinThe analyst known as ChiefraFba highlights that the SOL/BTC trading pair has broken above a long-standing downtrend. The chart shows movement from the 0.00108 level towards 0.00133, suggesting a reversal. Because periods of strength against Bitcoin often lead to stronger dollar valuations for Solana, this breakout is being monitored closely.

The chart shared by ChiefraFba indicates that the SOL/BTC pair has decisively cleared its multi-month downward trend, supporting a bullish technical scenario for Solana.

If this uptrend holds, $SOL faces its first significant resistance between 83 and 84 dollars. Successfully overcoming this range would clear the path toward the next target at 87 dollars.

Support and resistance levels in focusA recent table of key technical regions for Solana reinforces the importance of the current levels. On the SOL/BTC pair, the 0.00108 to 0.00133 zone marks the breakout area. Against the US dollar, the 83 to 84 dollar band is the first key resistance, with 86 to 87 dollars as the subsequent upside target.

The 80 dollar support could play a pivotal role in the short termCrypto Tony notes that, after a brief pullback, $SOL could resume its climb if it holds above crucial support. In this outlook, the 79 to 80 dollar area becomes critically important. As long as Solana maintains this foundation, the door remains open for rallies first into 83 to 84 dollars and then toward the 86 to 87 dollar region.

Crypto Tony emphasizes that bulls will want to see $SOL stay above the 79 to 80 dollar level before the next upward move begins.

Conversely, a drop below 79 dollars could undermine confidence and trigger retests of the 77 and 75 dollar supports, possibly signaling a deeper correction.

Wyckoff structure and whale activity under scrutinySome analysts are pointing to signs of a classic Wyckoff accumulation pattern emerging in the daily chart. Nebraskangooner compares the recent price action to traditional accumulation stages, indicating that Solana might be entering a stronger phase of recovery.

Mini glossary: The Wyckoff accumulation pattern describes a technical formation thought to show large players buying gradually after a market drop. It typically includes a selling climax, retests, false breakdowns, and a recovery phase seen as a sign of strength.

For this bullish scenario to gain traction, Solana needs to maintain support between 75 and 77 dollars, then reclaim the 85 to 90 dollar area. Sustained movement above 90 dollars could drive expectations of a broader recovery.

Leveraged whale positions and Bitfinex data keep risk aliveAccording to data shared by Ted Pillows, a large investor has opened a 21.67 million dollar $SOL long position using 20x leverage. This trade was entered at 80.04 dollars, with a liquidation level at 63.64 dollars. Although this level isn’t seen as an immediate target, it highlights where pressure might intensify if the market reverses sharply against leveraged positions.

At the same time, Max Crypto notes a marked reduction in Solana long positions among major players on Bitfinex. The shared chart shows a steep drop in open longs, and historically, similar situations have led to nearly 14 percent price pullbacks. If $SOL maintains support at 79 to 80 dollars, any selling could simply be profit-taking. However, losing this support may mean deeper downside risk toward 75 or even 70 dollars.

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.

Altcoins

6 July 2026 | 00:18 Solana is one of the best performers among major cryptocurrencies this week, and the price move has usage data and a concrete upgrade behind it rather than just market sentiment.

Key Takeaways SOL gained 15% weekly, reclaiming its 50-day average. Daily transactions sits around 137.5 million, near yearly highs. Alpenglow test data shows finality near 110 milliseconds. The 100-day average at $80.54 is the level to watch. SOL trades at $80.98 at the time of writing after a 15% weekly gain according to CoinMarketCap data, the strongest in the top ten. The bounce started from the June low near $62 and has now done something the March and May rallies could not: it climbed back above the 50-day moving average at $75.31 and is sitting right at the 100-day at $80.54, the line that rejected the last two recovery attempts.

SOL/USD daily technical chart on Coinbase. The simple way to read the chart: below $75, the recovery failed. Above $80.54 with a daily close, SOL escapes the zone that has capped it since April, and the next meaningful level is the 200-day average near $93. The momentum gauge (RSI) sits at 62.5, its highest reading of the year, which signals genuine buying pressure but also means the easy part of the bounce is likely behind. SOL remains far below its January level near $150, so this is a recovery inside a down year, not a new high.

The Network Is Busier Than the Price Suggests Here is the part that separates Solana’s bounce from a generic altcoin pop. Data from Artemis shows the network processed 137.5 million transactions on July 4 after reaching 158 million on 29th of June, close to the year’s highs near 160 million set in February, and sharply up from the 90–100 million range where activity sat through the spring. Usage began climbing in June, before the price did.

Solana daily transaction volume trends from January to July 2026. That sequence matters. When transactions rise while price falls or stagnates, it means people are using the chain for reasons other than speculation, trading, payments, applications, and when price later catches up, the move rests on real activity rather than pure sentiment. It is the healthiest pattern an on-chain chart can show, though not a guarantee: transaction counts include plenty of low-value activity, so the signal is directional, not precise.

Alpenglow: The Upgrade Behind the Story The third dataset explains why developers are paying attention. Test results from Alpenglow, the largest upgrade in Solana’s history, show the network confirming transactions for a majority of validators in roughly 110 milliseconds, with even the slowest full-network confirmation near 270 milliseconds. A detailed breakdown by Solana infrastructure firm Helius puts those numbers in context: about 65% of the network’s stake finalizes within 50 milliseconds of the raw network delay, meaning most validators vote almost the instant data arrives, and total finality runs at roughly twice the physical speed limit of the internet itself. In plain terms, the protocol overhead is nearly gone; what remains is mostly the time light takes to cross oceans.

Alpenglow latency breakdown for a leader node in Zurich / Source: dwf-labs The comparison numbers make the leap concrete. Solana’s current true finality takes about 12.8 seconds, and as TheStreet notes, a typical Visa authorization takes one to three seconds. Alpenglow targets 100 milliseconds when at least 80% of validators respond in the first voting round, and 150 milliseconds on its fallback path, faster than the quickest competing blockchain’s self-reported 400 milliseconds, per Helius.

The upgrade also changes the economics of running the network. Validators currently pay roughly 1 SOL per day in on-chain voting fees, their single largest operating cost. Alpenglow moves voting off-chain, and Helius estimates that eliminating those fees would cut the minimum stake needed for a validator to be profitable from around 4,850 SOL (roughly $800,000) to about 450 SOL (roughly $75,000), a change that could meaningfully broaden who can afford to help secure the network.

Co-founder Anatoly Yakovenko told Consensus Miami the upgrade could reach the main network as soon as this quarter, calling it a pivotal step toward making the chain reliable enough for time-sensitive financial applications. The upgrade replaces two of Solana’s founding technologies with a leaner voting system, and validators approved it with over 98% support.

Not everyone is uncritical. Experts interviewed by The Defiant have questioned whether such speeds are achievable globally without trade-offs, noting that physics itself limits how fast data crosses oceans and that the data-relay design carries real-world unpredictability. The test histogram partially answers this, the speeds hold for most of the network, but the slowest tail is real, and mainnet conditions are harsher than test clusters.

Solana enters July with three things pointing the same direction: the strongest weekly price gain among majors, network usage near yearly highs that started rising before price did, and a dated catalyst in Alpenglow’s targeted Q3 mainnet launch. That alignment is rare in the current market and explains the outperformance.

For now SOL still trades roughly 45% below its January level, the 100-day average directly overhead has ended two rallies already this year, and upgrade timelines in crypto slip more often than they hold. The next daily close above $80.54, or the failure to get one, could show whether this week was the start of something or the third rejection at the same wall.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research before making investment decisions.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Solana’s [SOL] market structure shifted after the SuperTrend indicator generated its first 3-day buy signal since October 2025, reviving the broader bullish outlook. 

The latest signal emerged after months of persistent downside pressure that followed the previous sell signal, which had preceded a 74% correction. That development suggested bearish control had weakened considerably as buyers reclaimed important price levels. 

Instead of extending the previous downtrend, Solana established conditions that supported a possible trend reversal. As a result, market participants had started reassessing the asset’s medium-term outlook rather than focusing only on short-term fluctuations. 

Smart money refused to abandon long positions Binance’s top traders maintained a bullish stance despite Solana trading below a major resistance level. 

Long accounts represented 65.45% of tracked positions, while short accounts accounted for 34.55%, producing a Long/Short Ratio of 1.89. Those figures showed experienced market participants had continued favoring upside exposure instead of rotating into defensive positions. 

Even after SOL recovered sharply from June’s lows, traders had not significantly reduced their long exposure. However, the concentration of bullish positioning also highlighted growing expectations surrounding the next breakout attempt. If resistance continues to hold, some traders could secure profits in the short term. 

Even so, the positioning data suggested institutional and professional participants had remained confident that the broader recovery still had room to develop.

Source: CoinGlass Positive funding reflected sustained bullish conviction Derivatives markets continued reinforcing Solana’s improving outlook through healthy funding conditions. 

At press time, the OI-Weighted Funding Rate remained positive at 0.0027%, indicating leveraged traders had continued paying to keep long positions open. This reading reflected steady demand for bullish exposure without reaching levels that typically signal excessive speculation. 

Throughout the recent recovery, funding had remained largely above the neutral line despite temporary fluctuations. Such behavior suggested buyers had consistently supported the trend rather than chasing prices aggressively. 

However, funding also stayed relatively moderate, reducing concerns that leverage had become overheated. If Open Interest expands alongside positive funding over the coming sessions, leveraged participation could provide additional support for Solana’s ongoing recovery.

Source: CoinGlass Can Solana finally reclaim the $84 barrier? Solana approached the $84.00 resistance after recovering strongly from June’s decline near $60. Buyers had already reclaimed the $78.07 support level, preserving the recent recovery structure despite a modest pullback below resistance. 

At the time of writing, the daily RSI reached 61.20, while its Moving Average climbed to 52.66, showing buying strength had remained comfortably above the neutral threshold. 

Although recent candles reflected hesitation near $84, sellers had not established fresh bearish control. Instead, buyers continued defending higher lows, keeping the short-term structure constructive. 

A decisive close above $84 would likely expose the next resistance around $90. However, another rejection could encourage a healthy retest of $78.07 before buyers attempt another breakout.

Source: TradingView Conclusively, Solana’s recovery had gained credibility as the SuperTrend buy signal aligned with bullish trader positioning, positive funding, and strengthening technical conditions. 

Although $84 remains the immediate obstacle, buyers had continued defending the broader uptrend. If Solana converts that resistance into support, the probability of a move toward $90 and eventually $100 would increase considerably.

Final Summary Solana regained bullish higher-timeframe structure while traders continued favoring long positions above shorts. Buyers defended key support, but clearing $84 remains essential for further upside potential.

Bitcoin (BTC) spiked to nearly $64,000 in the early hours of July 6, reaching $63,900 on CoinGecko, extending a weekend rally that liquidated hundreds of millions of dollars in short positions.

The move capped a sharp reversal from the $58,293 low Bitcoin touched on July 1. A softer-than-expected jobs report reshaped rate-hike expectations heading into the new week, helping Bitcoin’s price claw back.

Weak Jobs Data Triggers a Short SqueezeThe rally traces back to Thursday’s US Nonfarm Payrolls report. The report showed the economy added just 57,000 jobs in June, far below forecasts. The miss lowered the odds of a near-term Federal Reserve rate hike, and Bitcoin had already gained ground on Warsh’s inflation risk comments earlier in the week.

Lower Treasury yields and a weaker dollar reduced the opportunity cost of holding Bitcoin, helping the asset recover from a bearish June. Spot Bitcoin ETFs added to the momentum. An ETF inflow reversal snapped a 10-day run of redemptions, though the funds are still working through June’s record outflows of $4.5 billion.

A weekend of rising price action was capped by a spike towards $64,000. Image Source: BeInCryptoShort Sellers Caught Off GuardTraders lost over $450 million in short positions across the derivatives market as Bitcoin broke through $62,000. Bitcoin’s price reflected the broader squeeze dynamic, in which forced buybacks push the price into the next tranche of shorts.

Ether rose roughly 4% on the day and about 10% over the week, while Solana added nearly 19%, the strongest gain among major tokens. Institutional flows have not fully confirmed the move, with ETFs still recovering from their worst month on record.

Whether the squeeze becomes a durable trend remains an open question. Forced short-covering tends to produce fast price moves rather than sustained demand. The market now enters the third quarter with thinner liquidity, a dynamic that could cut in either direction.

ANSEM posts a short-term rally of 25%, with its current market cap standing at $380 million.

According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.

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Key Takeaways Solana leads the industry in daily active addresses and on-chain transaction volume Extensive stablecoin infrastructure provides crucial liquidity for DeFi, payments, and trading operations Ecosystem applications demonstrate genuine revenue generation through sustainable fee structures Technical analysis reveals SuperTrend buy indicator activated on 3-day timeframe, first occurrence since October 10 Token inflation through ongoing issuance requires sustained ecosystem expansion to offset dilution effects Solana has evolved beyond its original positioning as merely a high-speed, low-cost blockchain network. Today, it represents one of the cryptocurrency market’s most vibrant ecosystems, characterized by substantial user engagement, significant trading activity, and continuous capital flows.

Solana (SOL) Price The blockchain consistently ranks at the top tier for daily active wallet addresses and on-chain transaction throughput. This level of authentic user engagement distinguishes it from numerous alternative cryptocurrencies that remain primarily speculative in nature.

Stablecoin infrastructure represents a particularly compelling aspect of Solana’s value proposition. Solana has accumulated substantial and continuously expanding stablecoin reserves, which serve as essential infrastructure for payment systems, exchange activity, and decentralized financial services. This deep liquidity pool creates compelling incentives for both developers and users to commit to the platform long-term.

The application ecosystem has reached notable maturity. Decentralized exchanges, wallet services, and various protocols operating on Solana are producing significant fee revenue streams. This demonstrates that the network has transcended its role as simple infrastructure to become a comprehensive economic platform.

Solana has additionally established meaningful connections with traditional financial institutions and payment processing systems. These relationships open growth opportunities extending beyond purely crypto-native use cases, encompassing asset tokenization and integration with major financial platforms.

Economic Model and Token Structure The counterpoint involves current valuation levels. Solana already commands significant market capitalization among digital assets. Much of its anticipated future growth may already be reflected in current pricing, potentially limiting the dramatic percentage appreciation that smaller-cap networks might achieve.

Tokenomics merit careful consideration. SOL provides genuine utility through transaction fees and staking mechanisms, with portions of network fees subject to burning mechanisms. However, Solana maintains an inflationary model, as staking rewards derive partially from new token creation. While the inflation schedule decreases progressively, it has not yet reached zero.

This dynamic requires continuous network expansion to counterbalance the dilutive effect on existing token holders.

Additionally, not all value creation within the ecosystem accrues directly to the SOL token itself. Substantial fee generation occurs at the application level rather than the protocol layer. While this doesn’t fundamentally undermine the SOL investment thesis, it represents an important distinction for informed investors.

Technical Breakout: SuperTrend Indicator Turns Positive From a technical analysis perspective, market data indicates the SuperTrend indicator has generated a fresh buy signal on Solana’s 3-day chart. According to technical analysts, this marks the first such bullish signal since October 10. The preceding sell signal coincided with a 74% drawdown in price.

SOLANA: FROM BEARISH TO BULLISH

The SuperTrend indicator has triggered a new buy signal on the Solana 3-day chart.

• First Signal Since October 10: The Average True Range (ATR) trailing stop has flipped beneath the price action, marking the first SuperTrend buy signal since… pic.twitter.com/j0FCmDm3jq

— Ali Charts (@alicharts) July 4, 2026

The Average True Range (ATR) trailing stop has now positioned below current price levels, confirming a trend reversal from bearish to bullish momentum. Analysts have identified $100 as a potential price objective following this technical development.

SOL currently trades with this constructive technical setup in place as market participants monitor whether the emerging uptrend can sustain momentum.

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Solana is distinguishing itself as more than just a fast, low-cost blockchain network. With daily active wallet addresses and on-chain transaction volumes consistently ranking among the top of the industry, the Solana ecosystem is drawing attention for its steady user activity and sustained capital inflows.

User engagement and liquidity take center stageIntensive usage on Solana sets it apart from many alternative crypto assets. The high number of active daily addresses and the sheer transaction capacity demonstrate that the activity on this network is not driven solely by price speculation but rooted in genuine utility and community participation.

Stablecoin infrastructure is emerging as one of the cornerstones of the Solana ecosystem. Growing stablecoin liquidity not only fuels decentralized finance apps, but also underpins payments and trading operations. This foundation strengthens the incentive for both developers and users to remain loyal to the platform for the long haul.

Signs of maturation are also clear at the application layer. Decentralized exchanges, wallet services, and an array of protocols are reporting substantial fee revenues, transforming Solana from a mere technical platform into a wider economic ecosystem teeming with real financial activity.

The simultaneous growth in daily user activity, on-chain transaction volume, and stablecoin liquidity across the Solana ecosystem is reinforcing the network’s value proposition rooted in real-world use.

Valuation and token structure: What stands out?Yet, the current valuation levels are causing some observers to proceed with caution. Solana stands among the top digital asset networks by market cap, and there is concern that some of the anticipation for future growth could already be reflected in today’s prices.

SOL tokens serve practical functions through transaction fees and the staking mechanism. Although part of network fees are burned, the system is not fully deflationary. Staking rewards are partially funded by minting new tokens, meaning Solana maintains an inflationary issuance model. As a result, it’s crucial for the network to keep expanding to balance out the dilution effect for current holders.

Mini glossary: SuperTrend is a trend indicator that uses price movement along with the Average True Range (ATR). ATR measures volatility; when the indicator shifts below price, it’s considered a bullish signal in technical analysis.

Technical outlook: New buy signal confirmedOn the technical side, analyst Ali Charts reports that the SuperTrend indicator on Solana’s 3-day chart has triggered a new buy signal—its first bullish transition since October 10. Notably, after the last sell signal, SOL price fell by 74%, heightening the significance of the current technical setup.

Ali Charts points out that the SuperTrend indicator on Solana’s 3-day chart has turned bullish again, with the Average True Range-based trailing stop now moving below the price.

The placement of the Average True Range-based trailing stop beneath the current price is interpreted as a confirmation of the shift from a downtrend to upward momentum. Analysts are now watching the $100 level as a potential near-term target should this breakout hold.

Market participants are keen to see whether this promising technical picture will be sustained. While Solana benefits from robust on-chain activity, deep stablecoin reserves, and thriving fee-generating applications, factors like token inflation and high market valuation remain closely monitored risks.

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.

Three major developments in a single week have made it clear that the race for tokenized equities is no longer speculative. It is structural.

Binance crosses $1 billion in 30 days @binance announced that its stock trading platform surpassed $1 billion in assets under management just 30 days after launch. The milestone was accompanied by more than $3 billion in total trading volume since the product went live on June 1, 2026. The platform gives users access to over 7,000 U.S. stocks and ETFs, settled in stablecoins, directly within the Binance app. The growth is being tracked by @MSBIntel, whose data first surfaced the milestone. Binance Research projects that AUM from stock trading on the platform could exceed $10 billion by the end of 2026, less than seven months after launch.

The broader tokenized real-world asset market has grown from roughly $5.4 billion at the start of 2025 to around $34 billion in 2026, with tokenized equities emerging as one of its most contested segments.

Robinhood and Securitize add further weight @RobinhoodCrypto went further than any brokerage has before. Robinhood Chain went live as a public mainnet on July 1, 2026, an Ethereum-compatible Layer 2 built on Arbitrum designed specifically for trading tokenized versions of real-world assets. The stock tokens are structured as tokenized debt securities available in more than 120 countries, excluding the U.S. Robinhood is the only brokerage in that group that also built the settlement layer.

@Securitize, one of the leading tokenization platforms in traditional finance, added to the momentum by listing on the NYSE while simultaneously debuting tokenized equities on Avalanche and Solana. Even CoinGecko now tracks tokenized stocks as a dedicated category, a sign that the asset class has graduated from experiment to mainstream infrastructure.

The tokenized equities market had a total market capitalization of $5.5 billion as of June 8, 2026, up roughly 147% from $2.23 billion at the start of the year. The convergence of crypto-native exchanges, brokerage platforms, and traditional finance issuers around the same asset class inside one week suggests the land grab is no longer a metaphor.

Sources:
Binance official press release: $1 billion AUM in 30 days (Zawya)
CoinDesk: Robinhood launches public blockchain and tokenized stock trading
Crypto Briefing: Binance bStocks surpasses $1 billion in AUM