Collector Crypt hits $1 billion in volume, out-earns Pump.fun@Collector_Crypt, a @solana-based platform that vaults professionally graded physical trading cards and tokenizes them as redeemable NFTs, has crossed $1 billion in cumulative trading volume and over $50 million in cumulative revenue, according to data from DeFiLlama. The revenue milestone puts it ahead of some of the most well-known applications in the Solana ecosystem, including Pump.fun, the memecoin launchpad that dominated Solana headlines for months.
The platform uses a gacha system, a randomized pack-opening mechanic borrowed from mobile gaming, where users purchase digital packs containing tokenized versions of real graded cards, with each NFT mapped to a specific physical card graded by companies like PSA. Once a pack is opened, holders can trade the card instantly on-chain, sell it back through the platform's buyback system, or redeem the physical card and have it shipped to them. More than 30% of users have actually redeemed physical cards from the vaults.
Collector Crypt posted a record $1.06 million in daily revenue this month, overtaking Pump.fun on a single-day basis for the first time. The daily active user count has climbed to approximately 40,000, a figure that received a significant boost after the platform integrated with the Solflare wallet, driving a 129% week-over-week increase in fees.
A $230M market, with Solana taking the lion's shareThe tokenized trading card market posted its strongest month on record in May 2026. The top seven platforms generated $230 million in gacha-based pack sales, up from $32 million a year earlier, a sevenfold increase, with Solana accounting for approximately 64% of total volume, according to a Decrypt investigation. Solana's low transaction fees and fast settlement make it well-suited to high-frequency collectible trading.
Collector Crypt competes in the tokenized collectibles space alongside @Courtyard_io and @phygitals, both of which have built similar physical-to-digital redemption models on-chain. Phygitals has established itself as a major player in the category, recording nearly $149 million in cumulative gacha spending and more than $290 million in marketplace transaction volume.
The rapid growth has also drawn regulatory scrutiny. The biggest risk may be regulatory. Randomized pack mechanics with real monetary value sit in an uncomfortable gray zone between gaming, gambling, and securities. Multiple jurisdictions have already cracked down on loot boxes in traditional gaming, and a platform that sells randomized packs of tokenized assets for crypto could attract regulatory attention. Regulatory treatment of randomized pack mechanics varies by jurisdiction and has not been resolved for tokenized versions of the model. Collector Crypt operates with physical asset backing and a redemption pathway, which distinguishes it from purely digital loot boxes, but the regulatory question remains open.
Collector Crypt's performance matters beyond its own revenue line because it validates a category. Tokenized real-world assets have mostly been discussed in the context of treasury bills and real estate. The idea that physical collectibles could be an equally viable RWA vertical is gaining credibility with every record Collector Crypt sets.
Sources:
Collector Crypt hits $1B in trading volume and $50M revenue on Solana (Crypto Briefing)
Tokenized TCG Market Hits $230M in May, Solana Leads With 64% (Solana Compass)
Gacha Sports Launches on Solana as Collector Crypt Tops Pump.fun in Daily Revenue (Genfinity)
Tokenized stocks trading on Solana reached $553 million in daily volume on June 24, marking a new all-time high for the category. These are tokenized versions of actual equities, trading on a blockchain, at volumes that would make some small-cap stock exchanges jealous.
The milestone caps off a stretch where Solana has quietly, then not so quietly, become the dominant venue for on-chain equity trading. During the week of June 15-21, Solana captured roughly 95-98% of all tokenized equity spot trading volume globally, with weekly volume hitting $1.298 billion.
The category has now reached $10 billion in cumulative transfer volume, and Solana is running the table.
What’s actually driving the volume The biggest name in this space right now is Backpack, which offers tokenized shares of companies including SpaceX through its SPCX token. On certain peak days, SPCX alone has exceeded $100 million in trading volume.
SpaceX is a particularly interesting case study here. It’s one of the most sought-after private companies on Earth, and traditional retail investors have essentially zero access to its shares. Tokenization changes that equation entirely, offering fractional ownership of an asset that was previously locked behind private market gates.
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Sunrise DeFi is another platform contributing to the momentum, and together these protocols are building out the infrastructure that makes 24/7 trading and DeFi integration possible. In English: you can trade a tokenized stock at 2 AM on a Sunday and potentially use it as collateral in a lending protocol.
The monthly volume across all chains for tokenized equities hit a record $5.3 billion in May 2026. Solana’s share of that pie has only grown since, suggesting June will comfortably surpass the previous month’s record.
Why Solana, and why now Solana’s dominance in this category isn’t accidental. The chain’s low transaction costs and high throughput make it naturally suited for the kind of frequent, smaller-sized trades that characterize retail equity participation. If you’re buying $50 worth of a tokenized stock, paying $15 in gas fees on Ethereum makes the trade economically absurd. On Solana, that friction essentially disappears.
Fractional ownership removes the barrier of high share prices. Round-the-clock trading removes the constraint of market hours. DeFi composability adds utility that a brokerage account simply doesn’t provide.
Unique wallets holding tokenized stocks on Solana have increased dramatically in recent periods, suggesting that the volume surge isn’t just a handful of whales churning positions. It reflects genuine broadening of the user base.
What this means for investors The $553 million daily volume figure matters because it represents a threshold. Tokenized equities on Solana are approaching volumes that demand attention from both traditional finance and crypto-native investors.
For the Solana ecosystem specifically, this is a significant narrative shift. The chain has spent much of the past two years associated with memecoin speculation and high-velocity token launches. Tokenized stocks represent the opposite end of the spectrum: real-world assets, relatively stable value propositions, and use cases that traditional investors can immediately understand.
There are real risks to watch. Regulatory clarity around tokenized securities remains a work in progress across most jurisdictions. The question of what legal rights a tokenized stock actually confers versus holding a share through a traditional transfer agent is not fully settled.
The concentration risk is also worth noting. When one chain handles 95-98% of a category’s volume, any Solana-specific issue becomes a systemic risk for the entire tokenized equity market. Diversification across chains hasn’t happened yet, and until it does, this remains a single point of failure that sophisticated investors should factor into their positioning.
Cumulative volume crossing $10 billion, monthly records being broken in consecutive months, and wallet counts expanding all point in one direction. Tokenized equities are transitioning from a niche crypto experiment to a genuine alternative market structure, and Solana is the venue where that transition is playing out in real time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has found stability in the 55 to 70 dollar support zone following its recent pullback, with current price action matching the levels where previous rebounds have started. According to analysts, this corridor is crucial; a return above 100 dollars could set the stage for a broader market recovery for SOL.
A key threshold in the multi-year formationOn weekly charts, Solana has been trading near the lower boundary of a broadening formation that has developed since early 2024. With trading focused around 68 dollars, market watchers say defending this region will be decisive. Historically, tests of this support have been followed by upward momentum.
Mini glossary: A broadening formation is a technical pattern where prices make higher highs and lower lows over time. Volatility tends to increase in these structures, with the upper and lower lines acting as key reference points for trend shifts and potential breakouts.
According to analysis by CryptoCurb, preserving the 55 to 70 dollar range could pave the way for a move first towards 100 dollars, followed by a potential revisit of the 200 to 300 dollar area.
Yet, for any robust long-term bullish scenario to materialize, SOL must escape above the pattern’s upper trendline. Analysts estimate this ceiling could form around 400 dollars if the formation continues to evolve. They emphasize that a confirmed breakout from this structure might target levels above 1,000 dollars in the long run, though they currently consider such projections speculative.
LevelSignificance55 to 70 dollarsMain support zone100 dollarsPrimary recovery threshold200 to 300 dollarsPotential medium-term target area400 dollarsResistance near upper trendlineAbove 1,000 dollarsLong-term speculative targetIf SOL slips below the 55 dollar threshold and remains there, the bullish outlook may deteriorate sharply, raising the risk of further losses.
Eyeing the 240 dollar target on daily chartsOn the daily timeframe, the 60 to 70 dollar band stands out as a vital region. Analyst Aman notes this area marked a decisive breakout during the previous market cycle. Recently, while SOL briefly dipped below the short-term congestion zone, it has managed to hover above the broader support corridor.
The analysis suggests reclaiming the 90 to 100 dollar zone could reinforce the recovery outlook, with attention then turning to the 120 to 150 dollar range and a potential run up to the 220–240 dollar area.
The latest double bottom in the relative strength index points towards a weakening in selling pressure. The current RSI has recovered to around 41. However, experts caution that this shift is not a guaranteed sign of a definitive trend reversal on its own.
A sustained move below the 50 to 60 dollar range in the short term could undermine expectations of a solid base forming for SOL. As a result, the marketplace is mainly focused on whether the major support zone will hold—and, crucially, if SOL can reclaim the 100 dollar milestone soon after.
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.
The Solana network has further expanded its dominance in the tokenized stock market, capturing a remarkable 97% market share. In May, the spot market trading volume for tokenized equities issued by major players soared to $869 million, while weekly trading volume climbed to a record $1.29 billion. These figures underscore the sustained interest in trading traditional financial assets on blockchain platforms.
Solana cements its lead in tokenized stocksSolana has solidified its position as the clear leader in the emerging market for tokenized stocks, where it now controls approximately 97% of total activity. June data confirm the continuation of this strong demand: as of June 16, tokenized stock volumes reached $188 million, rising further to $213 million by June 19.
Growth driven by SpaceX token and new platformsA significant share of this trading activity was attributed to the SPCX token, which is linked to SpaceX. Platforms such as Backpack, Ondo Finance, xStocksFi, and PreStocks have also played a key role, offering diverse avenues for users to access tokenized shares.
Solana claimed about 97% of the tokenized equity market, with May spot trading volume reaching $869 million and weekly activity hitting $1.29 billion.
These developments highlight the growing use of blockchain technology as a gateway to traditional financial assets. They also signal increased interest in integrating such assets with decentralized finance (DeFi) applications.
According to market data: May spot volume stood at $869 million; weekly trading was reported at $1.29 billion; volume on June 16 was $188 million; June 19 saw it rise to $213 million. Meanwhile, Solana’s market share remained close to 97%.
Technical outlook for SOL price under scrutinyAlongside the surge in tokenized equity activity, investors are closely tracking the technical outlook for SOL, Solana’s native token. An analysis shared by BATMAN notes that SOL is currently trading within a prominent symmetrical triangle formation on the four-hour chart—a pattern often preceding sharp price movements.
SOL began June trading in the $85–86 range but retreated sharply to around $61. Since then, the price has shown higher lows, while sellers have set lower highs. The 200 exponential moving average (EMA) between $73 and $74 has emerged as a key resistance zone in this setup.
Glossary: Multiparty computation allows multiple parties to process information together without exposing data at a single point, maintaining privacy. A symmetrical triangle is a technical formation that shows the price tightening in a narrowing band, often leading to a breakout in either direction.
Repeated unsuccessful attempts to break higher have limited bullish momentum for SOL. However, if buyers can push the price above the triangle’s resistance line and the 200 EMA, a new uptrend could emerge.
The analysis highlights the $73–74 range around the 200 EMA as the main resistance, with the $68–69 zone serving as a key short-term support.
On the downside, the $68–69 zone is identified as crucial support; buyers have repeatedly defended this level during recent pullbacks. A drop below it could weaken the overall technical outlook for SOL.
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 Policy Institute President Kristin Smith says negotiations are ongoing on a daily basis between lawmakers. The U.S. Senate, White House, and crypto industry representatives behind the Digital Asset Market Clarity (CLARITY) Act are having daily meetings. Still, the crypto bill is facing a delay as the Senate was adjourned till July 13.
CLARITY Act Negotiations Continue On Daily Basis Amid a surge in concerns about the bill’s progress, Smith tried to quell some of those fears in a thread on X. “Legislation is never guaranteed, but I strongly believe there is a path to get the Clarity Act to the President’s desk,” she wrote. There are a number of reasons she is optimistic, she added.
Smith said discussions are “actively ongoing between Senate Democrats, Senate Republicans, the White House, the crypto industry, and other stakeholders.” She described the negotiations as “serious, substantive work” that is “happening every day.”
11/ A little perspective: this industry has been through harder fights before – self-hosted wallet midnight rulemaking, debanking, the Gensler era – and kept going.
Hard battles are not new for us.
When crypto decides to engage, it has the staying power to win.
— Kristin Smith (@KristinSmith) June 25, 2026
She also noted that “there are daily in-person meetings between key negotiators at the member level,” Smith even said it would be a pointless exercise “if no one thought this could go anywhere.” The CLARITY Act has been receiving a great deal of interest in Congress with a hectic legislative schedule, according to Smith.
Smith spotlighted that several senators were making efforts to see the bill moving forward, noting this was a bipartisan effort. These include Sen. Cynthia Lummis, Sen. Ruben Gallego, Sen. Kirsten Gillibrand, Sen. Angela Alsobrooks and Sen. Bernie Moreno.
“We have strong champions on both sides of the aisle who want to get to yes and get this done,” Smith wrote. She further stated that “bipartisan engagement is critical to turning policy into law. And Clarity has it.”
What’s Next For The Crypto Market Structure Bill? Smith also contended that there is more industry advocacy for the CLARITY Act than ever before. “We have a pro-crypto army on the ground, in meetings, working together, and at the negotiating table,” she said. Additionally, the crypto industry’s structure and Washington’s understanding of digital assets have evolved, the Solana Policy Institute President said.
Smith noted that there is a critical window for legislation from July 13 to Aug. 7. She said, “We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.”
9/ Despite what people say, there is still time.
We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.
— Kristin Smith (@KristinSmith) June 25, 2026
She admitted that there have been some obstacles in CLARITY Act negotiations. These include as disagreements on stablecoin yield-related provisions and ethics clause among others. However, she said that leaders have always found “creative ways to keep moving and get closer to yes.”
Thousands of hours have already been spent by lawmakers, administration officials and industry participants on the CLARITY Act, Smith added. In addition, she even pointed out that negotiators are hoping to make progress on the bill before Congress goes into recess in August.
The combined market capitalization of the US stock market's "Magnificent Seven" evaporated over $3 trillion in June.
According to Bitget market data, the combined market capitalization of the U.S. "Magnificent Seven" tech giants has shrunk by over $3 trillion since June, on track to set the largest monthly market cap drawdown in history. All seven companies—Microsoft (MSFT), Nvidia (NVDA), Google parent Alphabet (GOOGL), Tesla (TSLA), Amazon (AMZN), Meta (META), and Apple (AAPL)—closed lower across the board on Thursday.
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Since MicroStrategy first started selling its bitcoin holdings, MSTR has nearly halved, generating an unrealized profit of $1.32 million for a whale that shorted at the peak.
According to Hyperinsight monitoring, MicroStrategy (MSTR), the Bitcoin treasury proxy stock, remains under persistent pressure. Since the company’s first Bitcoin reduction in years (it sold 32 BTC at the end of May to cover preferred stock dividends), MSTR has fallen 48% cumulatively, dropping another 13.8% in the past 24 hours. It is currently trading at $82 on Hyperliquid, hitting a two-year low and leading declines in the HIP-3 market. The unrealized loss on the company’s Bitcoin holdings exceeds $13 billion. Across on-chain addresses, total short positions stand at ~$5.55 million, long positions at ~$5.86 million, with a short-to-long nominal ratio of ~0.95. In terms of entry costs, the average long position is ~$97.24, while the average short position is ~$103.31. The current price of $84 has fallen below the long average, pushing most longs into losses. The nearest long liquidation line is at $76.25, roughly 9.3% below the current price. One high-level short position opened at $130.65 with 10x leverage, holding $2.4 million in positions and boasting an unrealized profit of $1.32 million. Three new short positions have entered amid today’s sell-off. Address: 0x3dc908374e11623d8eb9f07dfc7a2e5e803a54b0 – HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message-sending permissions) to automatically sync on-chain updates.
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South Korean stocks plummeted 8%, SK Hynix fell 9%.
According to Bitget market data, South Korea’s KOSPI index has continued to slump, with its decline expanding to 8%. SK Hynix fell more than 9%, and Samsung Electronics dropped nearly 9%.
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European and U.S. stock index futures extend their declines.
According to Bitget’s market data, US and European stock index futures continue to slump: Nasdaq 100 futures extended losses to 1.6%, S&P 500 futures fell 0.7%, Dow futures dropped 0.18%, Euro Stoxx 50 futures declined 0.9%, Germany’s DAX futures fell 1%, and UK FTSE futures dropped 0.8%.
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The broader crypto market saw widespread declines, with BlackBerry bucking the trend to rally alone, as one trader notched a 70% return.
According to Hyperinsight’s monitoring, against the backdrop of high PCE inflation and broad tech stock sell-offs, BlackBerry (BB)’s Q1 revenue rose 26% year-over-year, beating guidance and raising its full-year outlook, standing out amid the downturn. On the Hyperliquid platform, BB’s 24-hour contract price surged 12.6% to $10.28. On-chain whales are overall bearish: total nominal short positions stand at ~$9.6 million, 2.17 times the long positions ($4.42 million), indicating a large net-short stance. However, the average entry price for short positions is ~$9.25, which has now been surpassed by the current price of $10.28, leaving shorts collectively in short squeeze unrealized losses. In contrast, the average entry price for longs is ~$9.05, resulting in overall unrealized profits. Looking at liquidation line distributions: the nearest short liquidation line is at $13.2, ~28.4% above the current price; the nearest long liquidation line is at $6.72, ~34.7% below the current price. Notably, the address with the largest profit holds a 5x leveraged long position worth $1.33 million, with an average entry price of $8.8, currently boasting a 70% return. Address: 0xfc079a49e371976f559bea0cd1c1f87a5f5b9464
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Wall Street consensus has converged: S&P 500’s year-end target of 8,000 has emerged as a new psychological anchor, with bulls and conservative forecasters lifting their outlooks in lockstep.
Wall Street’s differing views on year-end U.S. stock market levels are narrowing, with 8,000 points for the S&P 500 emerging as a new psychological anchor. Fundstrat raised its year-end target for the index from 7,700 to 8,000; Goldman Sachs, Morgan Stanley, Deutsche Bank, and Societe Generale have also set targets near this level. Goldman Sachs previously lifted its 2026 S&P 500 target from 7,600 to 8,000, citing that earnings growth and AI investments continue to underpin the index, rather than relying solely on valuation expansion. Even the more conservative cohort is boosting targets: JPMorgan Chase raised its target from 7,600 to 7,800, while Barclays and Stifel also adjusted their year-end targets to 7,800. Barclays lifted its 2026 S&P 500 earnings per share forecast from $321 to $337, and set a 2027 target of 8,800 points. The shared rationale behind these moves includes upward revisions to corporate earnings, AI capital expenditure, improved visibility into tech sector profits, and easing geopolitical risks. However, this consensus does not equate to zero risk. JPMorgan Chase warned that momentum stocks, semiconductors, storage stocks, and second-tier AI concepts have become overcrowded in trading, and low-quality and speculative growth stocks may see sharp declines. It favors a barbell allocation strategy of "quality growth + low-volatility quality".
PANews June 26 news, according to SolanaFloor, the Solana Foundation stated that after cloud server provider Cherry Servers disclosed a security incident in its legacy monitoring system, validators hosted on that server should check their Sensu logs. Potentially affected validators are advised to rotate their identity keys, review exposed credentials, and rebuild the host if compromise cannot be ruled out.
PANews, June 26 – According to SolanaFloor, the Kazakhstan Stock Exchange (KASE), one of the largest stock exchanges in Central Asia, has listed Volatility Shares' Solana ETF (SOLZ). Earlier this year, KASE launched Kazakhstan's first licensed digital asset platform, which is built on the Solana network.
PANews June 26 news, according to SoSoValue data, yesterday (Eastern Time June 25) the total daily net outflow of SOL spot ETF was $3.9374 million.
Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw net outflows, with a single-day net outflow of $3.9374 million. Its historical total net inflow now stands at $888 million.
As of press time, the total net asset value of SOL spot ETF is $756 million, the SOL net asset ratio is 1.96%, and the historical cumulative net inflow has reached $1.128 billion.
Solana Mobile’s dApp Store added 96 new applications in the span of a single week, pushing total listings to 1,561. The store had roughly 700 apps back in March 2026, climbed past 817 in April, crossed the 1,000 threshold in early June, and now sits at 1,561. That’s more than doubling its catalog in about three months.
Why developers keep showing up The Solana dApp Store charges developers a 0% platform fee. Zero. Not 15%, not 30%, not some convoluted tier system. Nothing. Compare that to Google’s 15-30% cut or Apple’s famously contentious 30% commission.
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The store operates as an Android distribution platform, meaning it runs alongside Google Play on Solana’s Seeker smartphone rather than replacing it entirely.
Solana Mobile has also introduced a feature called dApp Spotlight, a curated carousel surfacing quality applications for users. The platform has also introduced AI-driven tools for ratings and reviews.
The hardware equation Solana Mobile’s Seeker smartphone has now shipped more than 150,000 units. The Seeker includes hardware-level security features like the Seed Vault Wallet, which handles private key management and asset storage directly on the device.
The SKR token and ecosystem economics Solana Mobile launched the SKR token in January 2026 with a total supply of 10 billion tokens. The token serves multiple functions within the ecosystem, including governance, staking, and user incentives.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews, June 26 news, according to Cryptobriefing, Nasdaq-listed Solmate (formerly Brera Holdings) has seen its stock price plunge over 98% since completing a $300 million financing and transforming into a Solana treasury company. The company has received investments from institutions including ARK Invest, Pulsar Group, RockawayX, and the Solana Foundation, and currently holds about 2 million SOL, but SOL has declined by roughly 50% over the past year, leaving the company’s financial condition highly dependent on SOL’s price and liquidity.
Earlier on June 23, news reported that Solmate’s largest shareholder sued the board, alleging disclosure violations and self-dealing.
TLDR SOL has recovered from the $60 support level and currently trades in the $64–$69 corridor, though it sits below crucial exponential moving averages Bearish signals dominate derivatives markets: the long-to-short ratio declined to 0.94 while funding rates entered negative territory SOL has recorded eight straight monthly losses, representing the longest losing streak in the token’s trading history Technical analyst BATMAN identified SOL caught within a symmetrical wedge pattern displaying bearish MACD divergence beneath the 200 EMA around $74 Despite market challenges, spot Solana ETFs attracted $137,290 in net capital inflows on Tuesday, indicating persistent institutional participation Solana has managed to defend the critical $60 threshold, though the subsequent rebound appears tentative. Currently trading near $69, the token remains constrained beneath important moving averages while confronting multiple resistance barriers.
Solana (SOL) Price The $60 region has emerged as a significant psychological floor. Demand materialized at this level, propelling SOL upward by more than 5% over a 24-hour period at its peak. However, selling pressure continues to mount at higher price points.
Derivatives market indicators paint a cautious picture. According to CoinGlass data, Solana’s long-to-short ratio slipped to 0.94 on Wednesday. This sub-1.0 reading indicates short positions have overtaken long positions, reflecting pessimistic trader sentiment.
Funding rates also flipped negative during the early week period, registering -0.0080% on Wednesday. This configuration means short sellers are compensating long holders, a dynamic that generally suggests market participants anticipate further price deterioration.
On June 24, cryptocurrency analyst BATMAN highlighted that SOL appears confined within an expansive symmetrical wedge formation. As volatility contracts toward the pattern’s convergence point, price action continues struggling beneath the 200 EMA positioned near $74. The MACD indicator displays bearish divergence alongside waning momentum. BATMAN emphasized that Solana is “running out of room” and questioned whether SOL would breach the $69 level.
Solana is reaching a decision point.$SOL is trapped inside a massive symmetrical wedge as volatility compresses toward the apex.
Price continues to struggle below the 200 EMA near $74 while MACD is printing bearish divergence and losing momentum.
Critical Resistance Zones Ahead SOL currently trades beneath its 50-day, 100-day, and 200-day exponential moving averages. This creates a layered resistance structure that bulls must overcome to establish meaningful upside momentum.
Source: TradingView The initial obstacle appears around $74.75. Beyond that lies the 50-day EMA positioned near $76.18. A more substantial advance could challenge the 50% Fibonacci retracement level at $79.27, followed by the 100-day EMA at $83.03.
The MACD on the 4-hour timeframe shows signs of consolidation, while the RSI hovers around 46, remaining below the neutral 50 threshold. Neither technical indicator suggests imminent bullish momentum from present price levels.
The monthly chart reveals particularly concerning dynamics. Analyst Ash Crypto highlighted that SOL has now produced eight consecutive red monthly candles, an unprecedented occurrence throughout its trading existence. The monthly RSI has reached more oversold territory than during the 2022 FTX crisis, when SOL plummeted to approximately $8.
$SOL is the most oversold it has EVER been.
– Solana just hit a 3-year low of $60.
– Down -80% from its ATH.
– 8 consecutive red monthly candles for the first time in history.
– $SOL Monthly RSI is more oversold than the 2022 FTX crash when sol crashed to $8.
Do you think the… pic.twitter.com/XrQs1444SA
— Ash Crypto (@AshCrypto) June 6, 2026
Emerging Support Indicators Not all market signals lean bearish. According to SoSoValue data, spot Solana ETFs registered $137,290 in net capital inflows on Tuesday. While this represents a relatively small amount, it demonstrates ongoing institutional appetite.
Several market observers are monitoring the $50–$40 range as a potential accumulation territory. Rod’s technical framework suggests that if SOL establishes a foundation within this zone, a prolonged recovery trajectory toward $175 could materialize. Meanwhile, Trader Symba’s SOL/BTC pair analysis identifies a long-term demand zone in the vicinity, projecting eventual new peaks above $300.
CryptoJack noted a trendline breakout on the 1-hour chart, suggesting immediate downward pressure may be diminishing. Essential support levels to maintain are $62–$63, with upside objectives positioned at $68, $70, and subsequently $76.
As of Wednesday, SOL’s long-to-short ratio stood at 0.94 and funding rates measured -0.0080%, with the token trading around $69.58.
Solana managed to hold above the $60 mark after the latest wave of declines. The cryptocurrency rebounded amid renewed buying interest, reaching around $69.58 on Wednesday. However, the recovery has so far been limited, with the asset remaining below several key moving averages, signaling continued resistance at higher levels.
Cautious signals dominate derivatives dataShort-term indicators from derivatives markets highlight a cautious mood among traders. According to CoinGlass, Solana’s long-to-short ratio dropped to 0.94 on Wednesday. With the ratio falling below 1, short positions have overtaken longs, reflecting increased caution and a bearish investor sentiment in the market.
Mini glossary: The funding rate is a periodic payment between long and short positions in futures markets. When the rate turns negative, it means traders holding short positions are paying those with long positions, usually a sign that bearish expectations are growing.
Earlier this week, Solana’s funding rate slipped into negative territory. On Wednesday, it stood at minus 0.0080%, confirming that short position holders were compensating longs. This pattern often emerges during periods when further price declines are widely anticipated.
Analyst BATMAN noted that Solana’s price is currently squeezed within a broad symmetric wedge pattern, volatility is narrowing, and pressure persists below the 200-day exponential moving average near $74.
Resistance levels and technical indicators limit upsideFrom a technical perspective, the first significant resistance stands at $74.75. Just above, the 50-day exponential moving average comes in at $76.18. Should Solana attempt a more robust recovery, traders are watching the 50% Fibonacci retracement at $79.27, followed by the 100-day exponential moving average at $83.03.
IndicatorLevelMeaningSupport$60Identified as a key psychological floorInitial resistance$74.75Short-term level to overcome50-day EMA$76.18Acts as a technical ceiling100-day EMA$83.03Level for more sustained reboundsOn the four-hour chart, the MACD indicator suggests an ongoing consolidation phase, while the RSI currently sits at 46, remaining below the neutral 50 level. The overall picture signals a lack of clear bullish momentum for Solana in the near term.
Historic weakness stands out on the monthly chartA closer look at the monthly timeframe reveals more pronounced weakness. Analyst Ash Crypto highlighted that Solana has posted eight consecutive months of declines—a record losing streak in the cryptocurrency’s trading history. The monthly RSI is also lower than levels seen during the FTX collapse in 2022, pointing to an extremely oversold market.
According to the data, Solana remains down about 80% from its all-time high and has fallen for eight straight months, with the monthly RSI now at one of its most oversold historic levels.
Institutional interest not fully lostDespite the overwhelmingly bearish signals, not all indicators are negative. Spot Solana ETFs saw net inflows of $137,290 on Tuesday, according to SoSoValue, a prominent digital asset data platform. While the sum is modest, it signals that some institutional interest in Solana persists.
Some market participants now view the $50–$40 range as a potential accumulation zone. In the short term, holding above the $62–$63 band is seen as critical for support. On the upside, immediate targets include $68, $70, and $76 should momentum improve.
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.
The cryptocurrency market was shaken by another wave of decline last night. Bitcoin (BTC) fell below $60,000, while Ethereum and major altcoins also saw significant pullbacks.
No single trigger has been identified for the sell-off. Reasons cited include the Fed’s hawkish stance, six consecutive weeks of outflows from spot ETFs, decreased liquidity during the summer months, and the expiration of quarter-end options on June 30th.
Due to the recent declines, the negative sentiment and outflows in US spot ETFs continue. At this point, outflows from ETFs have reached record levels.
According to a report by the US financial platform Kobeissi Letter, there has been a net outflow of $6.4 billion from US spot Bitcoin ETFs in the last 30 days. This figure represents the largest monthly net outflow recorded to date.
With these outflows, cumulative inflows into spot BTC ETFs over the past 12 months have also fallen to $5 billion. The current figure is about half of the $10 billion recorded in October last year.
According to Farside Investors data, US spot Bitcoin ETFs saw net outflows for the fifth consecutive day. On Wednesday, ETFs experienced net outflows of $469 million.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $239.3 million, followed by Fidelity’s FBTC fund with $120.8 million.
Bitwise’s BITB fund saw outflows of $27.5 million, Ark Invest’s ARKB fund outflows of $50.7 million, and Grayscale’s GBTC fund outflows of $54.3 million, while Grayscale’s Mini BTC fund was the only fund to experience an inflow of $23.6 million.
In contrast, Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flow.
Outflows Continue in Ethereum ETFs! Ethereum ETFs also experienced outflows. According to Farside Investors data, spot Ethereum ETFs saw net inflows for the fifth consecutive day, resulting in a total net outflow of $30.2 million.
According to the data, outflows were observed in three funds. Fidelity’s FETH fund topped the list with an outflow of $15.7 million. It was followed by BlackRock’s ETHA fund with $8.1 million and Grayscale’s Mini Ethereum (ETH) fund with $6.5 million.
In contrast, BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET funds all recorded 0 flows.
What’s the Situation with Solana and XRP ETFs? While Bitcoin and Ethereum ETFs are experiencing outflows, the situation is mixed in altcoin ETFs.
Accordingly, XRP spot ETFs saw inflows of $2.05 million, while Solana spot ETFs recorded zero inflows yesterday.
*This is not investment advice.
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On a day when Bitcoin crashed to a 20-month low and XRP fell 8%, Solana did something quietly impressive: it held up better than any other major coin. SOL is down less than 4% on the week, outperforming the entire large-cap field in a brutal selloff. The relative strength is not luck. It traces to a unique ETF feature and steady upgrade progress. Here is what’s happening with SOL.
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week (live SOL price on CoinGecko). That makes it the most resilient major coin this week, falling less than Bitcoin’s broader decline and far less than XRP’s 8% slide, even as a liquidation cascade dragged Bitcoin to a 20-month low near $60,000. SOL holds the number 7 spot by market cap. It remains in a downtrend below its moving averages, but its outperformance stands out in a market where almost everything is bleeding.
The relative strength is worth understanding, because it points to what is supporting SOL when little else is holding.
Why Solana is outperforming in the selloff In a broad risk-off move driven by liquidations, a seventh week of Bitcoin ETF outflows, and a hawkish Fed, high-beta altcoins usually fall hardest. Solana, despite being high-beta, is bucking that pattern this week. A few things explain it.
The standout is its ETF structure. Among major assets, Solana’s spot ETFs are unique in that they launched with staking enabled, passing validator rewards to shareholders. That yield component makes SOL ETFs more attractive than Bitcoin or Ethereum ETF products, which offer no staking return. In a market where institutions are pulling money from non-yielding Bitcoin ETFs, an ETF that pays a staking yield is comparatively more appealing, and Solana has attracted some of the only consistent positive ETF flows among majors in recent sessions. That distinct demand is part of why SOL is holding up.
The upgrades supporting Solana Beyond ETFs, steady fundamental progress is reinforcing confidence. Two major upgrades are advancing. Alpenglow, Solana’s consensus overhaul, is live on a test cluster, a significant step toward dramatically faster transaction finality. And Firedancer, the new validator client from Jump Crypto, continues its careful rollout, with its lead engineer emphasizing performance improvements and rigorous testing aimed at boosting reliability and throughput.
Together, these upgrades target Solana’s two historical weak spots, speed and network outages, and their progress reassures investors that the network is building durable infrastructure rather than just riding market cycles. In a fearful market, demonstrable technical progress and reliability improvements give SOL a fundamental anchor that many altcoins lack.
The risk that remains Solana’s resilience this week should not be mistaken for immunity. It is still in a downtrend, still down on the week, and still exposed to the same macro forces dragging the whole market lower: the hawkish Fed, the strong dollar, and crypto trading down alongside AI stocks. If Bitcoin breaks decisively lower toward the $55,000 region some analysts flag, SOL would likely follow.
There is also Solana’s reliance on speculative activity. A cooling memecoin cycle earlier this month trimmed network fees, a reminder that part of its on-chain activity is speculative and can deflate. Solana is outperforming on a relative basis, but relative strength in a falling market still means falling, just less than the rest.
SOL/USD: Key Levels to Watch On the downside, $66 is the immediate support, with the $62 to $63 zone below it as the level that has held through recent dips. A break there would align with deeper Bitcoin weakness. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal. Holding above $66 keeps the relative-strength story intact.
Bottom Line Solana at $69 is the most resilient major coin this week, down less than 4% while Bitcoin hit a 20-month low and XRP fell 8%. The outperformance traces to its unique staking-enabled ETFs drawing demand when Bitcoin ETFs bleed, plus steady progress on its Alpenglow and Firedancer upgrades.
SOL is not immune, it remains in a downtrend tied to the weak macro backdrop and would follow Bitcoin lower if the selloff deepens. But its relative strength and fundamental anchors are encouraging. Watch the $66 support and the $72 reclaim level. As long as Solana keeps outperforming on the way down and shipping upgrades, it stays better positioned than most for whenever the market turns.
FAQ What is the Solana price today?
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week. That makes it the most resilient major coin this week, falling less than Bitcoin and far less than XRP’s 8% slide.
Why is Solana holding up better than other coins?
Solana’s relative strength traces to its unique staking-enabled spot ETFs, which draw demand when non-yielding Bitcoin ETFs are bleeding, plus steady progress on its Alpenglow and Firedancer upgrades that reassure investors about the network’s future.
What makes Solana’s ETF different?
Among major assets, Solana’s spot ETFs launched with staking enabled, passing validator rewards to shareholders. This yield component makes them more attractive than Bitcoin or Ethereum ETFs, which offer no staking return, especially when institutions are pulling money from non-yielding products.
What are the key Solana levels to watch?
Immediate support is $66, with the $62 to $63 zone below it. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal.
Is Solana immune to the crash?
No. Solana is outperforming on a relative basis but remains in a downtrend, still down on the week and exposed to the same macro forces. If Bitcoin breaks toward $55,000, SOL would likely follow. Relative strength in a falling market still means falling, just less.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Paxos built PAXG to remove the operational overhead of holding gold. Storage, custody, and transfer are handled at the token level, backed 1:1 with the world’s finest gold and overseen by federal regulators, so holders get direct exposure to physical gold without the infrastructure burden that comes with it. As gold continues its strongest bull cycle in two decades, more investors are seeking the convenience of tokenized gold: lower-cost, faster to settle, and instantly transferable. PAXG has grown over 300% since 2024 and demand continues to increase.
Today we're extending PAXG to Solana, the first step in PAXG's multi-chain expansion. You can find more information about where to buy PAXG on Solana here.
What Is PAXG?Pax Gold (PAXG) is a digital token where one token equals one fine troy ounce of physical gold.
Each ounce is stored in London Bullion Market Association (LBMA) accredited vaults. The gold reserves are attested monthly by KPMG, providing token holders with regular, independent verification that every PAXG in circulation is fully backed by physical gold. In addition, the reserves undergo an annual physical audit conducted by Bureau Veritas, an independent inspection and certification body. This audit is limited to physical verification procedures performed on-site and does not constitute an attestation of ownership, valuation, or overall asset backing, but provides an additional layer of independent verification of the vaulted gold. If you hold PAXG, you hold the underlying physical gold under the legal custody of Paxos Trust Company, National Association.
We issue PAXG as a national trust bank regulated by the Office of the Comptroller of the Currency (OCC), one of the most rigorous oversight frameworks available for a digital asset issuer. That regulatory posture is not incidental and sets us apart in the market. It means your gold is held under legal custody, with monthly public attestations and full bar-serial transparency through our Gold Allocation Lookup tool.
A few specifics that differentiate PAXG from other ways to own gold:
No custody fees. Gold ETFs charge 10 to 40 basis points per year just to hold your position. PAXG charges zero for storage.
Near-instant settlement. On-chain transfers settle in seconds, compared to T+1 for Gold ETFs and T+2 for LBMA bars.
Redeemable for physical bars, unallocated gold, or USD. PAXG is redeemable for LBMA Good Delivery gold bullion bars (requires holder to have 430 PAXG), unallocated Loco London Gold, or USD at current market price. This can be completed through the Paxos site.
No accredited investor gate, no brokerage account, no large bar minimums.
How Is PAXG Created?Every PAXG token begins with physical gold. When demand for PAXG increases, Paxos purchases unallocated gold from our supplier, which is then allocated to LBMA-accredited vaults in London as Good Delivery bars. Once the gold is vaulted, it is tokenized: PAXG tokens are minted on-chain and held in Paxos' inventory wallets. When a customer buys PAXG from Paxos directly, tokens transfer directly from Paxos inventory to their wallet.
Every token in circulation is backed by a specific, auditable bar of physical gold. The flow is always the same direction: gold enters the vault before tokens enter the market.
Why Solana, and Why NowPAXG launched on Ethereum in 2019. In the past two years, the number of holders more than doubled, and average holding size more than tripled from $7,000 to $26,000.
That growth signals the opportunity to expand PAXG into new ecosystems and put it in the hands of more builders and users.
Solana's real-world asset ecosystem crossed $2.5 billion in TVL in May 2026, up from $215 million just twelve months ago. Transaction fees average a fraction of a cent, with sub-second confirmation and 99.9%+ uptime over the past year. It is an ecosystem mature enough to support a regulated, allocated gold token immediately at launch, with an active DeFi base ready to integrate native assets.
We are partnering with Sunrise Defi on our Solana expansion to bring PAXG natively to the ecosystem with active DeFi markets across major Solana DEXs and seamless integration into Solana wallets and aggregators.
Solana is the start of our multi-chain expansion for PAXG. Every piece of infrastructure we are shipping in this launch is designed to extend cleanly to every chain that comes next.
How We Built the InfrastructureGetting here required one foundational upgrade and one new deployment. Both matter for Solana and for every chain that comes after.
ETH PAXG Contract Upgrade
Expanding to new chains starts at the contract level. We upgraded the PAXG token contracts to support omnichain functionality across both EVM and non-EVM networks, with an architecture designed to extend cleanly as we add more chains.
The upgraded contracts maintain all existing compliance controls, the same supply verification that underpins our monthly KPMG attestations, and full auditability of every token in circulation across every chain where PAXG is live.
The upgraded contracts are open source, independently audited by Zellic, and available for review in our PAXG GitHub repository.
Existing Ethereum holders can bridge directly through the Paxos platform or through
LayerZero Stargate
. No re-purchasing, no re-custodying, no new attestation required.
PAXG on Solana: The Token Implementation
The Solana deployment of PAXG is built on the Token-2022 program, Solana's extended token standard that enables native compliance controls at the token level.
This is the same standard Paxos used for PYUSD and USDG on Solana. It lets us enforce the same regulatory requirements that exist on Ethereum without relying on a separate contract layer to do it.
The Permanent Delegate extension ensures PAXG on Solana meets the same regulatory requirements as the Ethereum contract. The result is a Solana-native PAXG token that carries the same compliance posture and supply verifiability as the Ethereum original.
This Is the FoundationThe Solana launch is the first step in PAXG's multi-chain expansion. The contract upgrades and infrastructure we shipped today are built to add new chains faster with less overhead each time.
Whether you're a builder integrating tokenized gold into a Solana application or an institutional investor looking to learn how to buy PAXG, reach out here to get started or learn more.
Footnotes:
¹ Solana RWA TVL growth from $215M to $2.5B over twelve months as of May 2026. Source: RWA.xyz. Reported independently by MEXC News and CryptoNews.net.
² Solana lending markets reaching $3.6B: as of December 2025 per DeFiLlama. Verify current figures before publication at defillama.com/chain/Solana as lending TVL fluctuates.
³ Last officially confirmed major outage: February 6, 2024, per the Solana Foundation's June 2025 Network Health Report. As of mid-2025, Solana had gone over 16 consecutive months without a major confirmed outage.
Paxos-issued compliant gold token PAXG goes live on Solana mainnet
PANews June 25 news, Paxos-issued gold token PAXG has gone live on the Solana mainnet via the Sunrise protocol, becoming the first gold token regulated by the U.S. Office of the Comptroller of the Currency (OCC) and available in the Solana ecosystem.
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Ethereum, the world’s second-largest digital asset by market cap, continues to serve as a foundational platform for smart contracts and blockchain innovation. Developed by figures such as Vitalik Buterin and Consensys co-founder Joseph Lubin, Ethereum remains at the heart of groundbreaking advancements within the blockchain ecosystem.
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Joseph Lubin emphasized that advances in zero-knowledge proofs are being developed to enable faster and more secure communication between Ethereum’s Layer 1 and Layer 2 structures.
Among the highlighted technical themes is zero-knowledge proof (ZKP) technology, which allows information to be verified without revealing its content. This targeted approach aims to address longstanding security vulnerabilities present in traditional blockchain bridges, a subject of considerable debate in the industry.
Mini glossary: A zero-knowledge proof is a cryptographic method that allows someone to prove the validity of information without disclosing the information itself. Layer 2 refers to scaling solutions that process transactions off the main network and settle results on Ethereum.
Layer 2 interoperability strategy on the riseThis strategy closely aligns with Ethereum’s ongoing shift towards a rollup-centric approach, where an increasing portion of transactional load is handled by Layer 2 solutions. The network’s fragmented ecosystem structure has underscored the urgency of seamless interoperability between various components.
The report also highlighted the potential of a system called Interchain Token Movement, which could reduce reliance on risk-prone blockchain bridges. By improving connections between disparate ecosystems built around Ethereum, the initiative aims to form a more unified blockchain environment.
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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.
PAX Gold, the gold-backed token issued by Paxos, is now tradeable on Jupiter, Solana’s dominant DEX aggregator. The integration was made possible through Sunrise DeFi, a liquidity gateway built by Wormhole Labs that handles the messy plumbing of onboarding new assets to Solana.
PAXG is the first gold token regulated by the Office of the Comptroller of the Currency to land on Solana.
How Sunrise makes it work Instead of forcing each new asset to negotiate with individual DEXes, liquidity providers, and block explorers one at a time, Sunrise bundles the entire onboarding process into a single pipeline. The result is day-one trading access the moment an asset goes live.
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A token like PAXG doesn’t have to sit in limbo for weeks while liquidity slowly materializes across fragmented venues. Sunrise pre-coordinates with Jupiter and other infrastructure partners, including the Solana block explorer Orb, so that trading and price discovery can happen immediately.
The platform has already tested this playbook with other assets. Bittensor’s TAO token was recently onboarded through the same process, suggesting that Sunrise is building a repeatable framework rather than a one-off integration.
Why gold on Solana matters PAXG is one of the more straightforward tokenized assets in crypto. Each token is backed by one fine troy ounce of London Good Delivery gold, held in Brinks vaults. Paxos, the issuer, operates under a New York State trust charter and is regulated by the OCC, which makes PAXG one of the few gold tokens with a clear regulatory pedigree.
Solana’s transaction fees are measured in fractions of a cent, and block times hover around 400 milliseconds.
What this means for investors Solana DeFi users can now trade a regulated gold token without bridging to Ethereum, paying Ethereum gas fees, or dealing with the latency of a slower network.
For Jupiter specifically, each new asset integration adds trading volume and fee revenue. Jupiter already dominates Solana’s DEX aggregation layer, and the Sunrise partnership effectively turns it into the default landing pad for cross-chain assets entering the ecosystem.
Wormhole, the bridge protocol behind Sunrise, suffered a high-profile exploit in 2022 that drained hundreds of millions of dollars. The team has overhauled its security since then, but the history is worth noting for anyone allocating significant capital through this pathway.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana’s real-world asset ecosystem has crossed the $3.1 billion mark, a milestone that cements the network’s position as the third-largest blockchain for tokenized assets globally. The figure comes with over 290,000 wallets actively holding RWAs on the network.
Solana’s RWA market sat at roughly $873 million around the end of 2025. It has since more than tripled, with the most recent 30-day stretch alone delivering a 14.25% jump.
What’s driving the surge The $3.1 billion figure represents approximately 9.5% of the total tracked global RWA market. Solana now trails only Ethereum and BNB Chain in this rapidly expanding category, which encompasses everything from tokenized US Treasuries to equities and credit instruments.
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Tokenized stock trading on Solana recently hit an all-time high of $644 million in volume.
Allfunds, a major European wealth tech firm, has started offering tokenized funds directly on the Solana blockchain.
The total number of distinct RWAs on Solana has climbed to 687.
Why Solana, and why now Tokenized assets need fast, cheap transactions. Solana’s sub-second finality and near-zero transaction costs make it a natural fit for instruments that need to feel like traditional finance.
Projects like Ondo Finance, which has become one of the most prominent names in tokenized Treasuries, have expanded their presence on Solana.
What this means for investors The RWA growth represents a meaningful shift in the composition of value on the network. A blockchain that hosts $3.1 billion in tokenized real-world assets looks fundamentally different, from a risk perspective, than one primarily known for speculative token launches.
The risk side of the equation is worth watching too. If a significant portion of the $3.1 billion is concentrated in a small number of products or issuers, the ecosystem could be more fragile than the headline number suggests. The 687 distinct RWAs provide some comfort on diversification, but concentration risk at the issuer level is harder to assess from aggregate data alone.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
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While Bitcoin set numerous records on its journey to an all-time high of $126,000 in 2025, many altcoins remained below their previous peaks.
While many altcoin investors were expecting a major altcoin season like those seen in previous cycles, the rallies did not live up to that expectation.
At this point, expectations for the altcoin season are being reshaped, and this year’s altcoin market may be more selective rather than exhibiting the widespread rallies seen in past cycles.
According to the renowned American magazine Forbes, the largest altcoins by market capitalization—Ethereum, BNB, XRP, Solana, and Tron—are trading, on average, approximately 60% below their all-time highs.
Although the number of cryptocurrency investors worldwide has exceeded 740 million, the altcoin market has not yet fully recovered.
In this context, Forbes’ analysis argues that the new bull run will be led by projects with real-world use cases and profitability. Accordingly, among altcoins, projects with real revenue, an established user base, and clear use cases are attracting, and will continue to attract, relatively more interest.
At this point, Forbes analysts cited Hyperliquid (HYPE) and SOL as examples of these altcoins.
Speaking to Forbes, Jason Lindal, CEO of tokenization company Nebula DeFi, argued that money in the market will first flow into Bitcoin, then into altcoins with large market capitalization like Ethereum and Solana, and finally selectively into altcoins considered to be higher risk.
Speaking to Forbes, Stansberry Research analyst Eric Wade stated that the altcoin season is happening and will continue. However, he said the biggest mistake is treating altcoins as a single asset class.
Avalanche Treasury CEO Bart Smith also took a similar approach, stating that altcoins will not experience a traditional season and that the key questions in altcoin rallies are “What is its purpose and what problem does it solve?”. According to Smith, altcoins that cannot answer these questions will continue to struggle regardless of the macroeconomic environment.
Finally, Bitget CEO Gracy Chen also stated that it might be difficult for a traditional altcoin season to occur in this cycle, as in previous cycles.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Exponent Finance just rolled out the feature that traditional finance has used for decades but DeFi has largely ignored: risk tranching. The Solana-based yield exchange launched its V2 platform on June 24, introducing a system that lets users pick their poison, either principal protection with modest returns or a higher-risk bet chasing outsized yield.
The first market uses ONyc, a reinsurance asset from OnReFinance, split into two tranches. The senior tranche (srONyc) targets roughly 6.4% APY with downside protection baked in. The junior tranche (jrONyc) aims for around 31.4% APY, absorbing more risk in exchange for the juicier number. In English: senior tranche holders get paid first if things go sideways, while junior tranche holders eat the losses first but collect bigger rewards when things go well.
How the tranching mechanics work Think of it like a layered cake where the bottom layer takes all the weight. Junior tranche depositors essentially cushion the senior tranche above them. If the underlying yield underperforms, junior holders absorb the shortfall before senior holders feel anything. If it overperforms, junior holders capture the excess.
The alpha phase launches with a $2.5 million cap, a deliberate constraint designed to stress-test the system with real capital before scaling up. Launch rewards exceeding $200K are available to early participants.
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Alongside the tranching product, V2 introduces Strategy Vaults and what Exponent calls an enhanced liquidity engine. Strategy Vaults are essentially pre-built portfolio positions that automate allocation across different yield opportunities. Rather than manually managing tranche positions, users can deposit into a vault that handles rebalancing according to a defined strategy.
Why this matters for Solana’s yield landscape The choice of a reinsurance asset as the first market is deliberate. Real-world asset (RWA) yields represent one of the fastest-growing segments in DeFi, and reinsurance specifically offers yield that’s uncorrelated with crypto market volatility. Pairing RWA yield with on-chain risk tranching creates a product that looks genuinely different from the usual lending-and-borrowing fare.
Exponent has been building toward this for a while. Since its mainnet launch in 2024, the protocol has recorded billions in trading volume without a security breach. The team has completed 12 tier-1 audits and allocated roughly $1 million specifically toward security measures.
On the funding side, Exponent has raised approximately $7.1 million in total. That includes a $2.1 million seed round in 2024 and a $5 million raise in April 2026.
What this means for investors Risk tranching isn’t a new concept in DeFi. Protocols like Tranche Finance and BarnBridge explored similar ideas during previous cycles, mostly on Ethereum. But adoption was limited, partly due to gas costs and partly because the underlying yield sources weren’t compelling enough to justify the added complexity.
For conservative investors, the senior tranche offers yield with a structural buffer against losses. For more aggressive participants, the junior tranche provides leveraged exposure to yield without the liquidation risk that comes with traditional leverage.
The $2.5 million cap on the alpha phase means this is still a small-scale experiment. Exponent plans to expand beyond the ONyc asset into other yield markets. The real test will be whether the tranching system maintains its target yields as more capital flows in and whether demand balances naturally between senior and junior tranches, because the whole structure depends on enough risk-hungry capital sitting in the junior layer to protect the conservative layer above it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The structural boundary separating multi-national cross-border fiat networks from decentralized consensus layers has eroded further. In a significant operational shift, global payments pioneer MoneyGram has officially transitioned from a consumer of blockchain utilities into an active network infrastructure operator by launching a live validator node on the Solana network. The technical deployment signals a deep evolution for the legacy remittance mainstay. After spending more than five years systematically embedding distributed ledger technology (DLT) and stablecoin settlement mechanics into its internal treasury systems, product development pipelines, and global payment operations, MoneyGram is now helping operate the underlying networks themselves. The firm will contribute directly to the cryptoeconomic security, transactional integrity, and block-production performance of one of the world’s highest-performing public blockchains.
From Software Integration to Network Operation MoneyGram’s activation on Solana does not represent an isolated IT experiment, but rather the scaling of a mature, multi-network infrastructure strategy. Solana marks the third prominent blockchain ecosystem where the global money transfer enterprise functions as an active network validator, following its established node operations on the Tempo and Midnight networks.
By operating its own validator architecture, MoneyGram moves past the standard industry practice of utilizing external third-party nodes to route digital liquidity. Instead, the institution shifts into a position where it actively processes, validates, and finalizes on-chain transactions. This structural change grants the payment utility first-hand oversight of network health and consensus mechanics, moving it deeper into the foundational architecture that dictates digital asset velocity.
Shaping the Institutional Developer Stack Simultaneously, MoneyGram has secured a position as an early adopter on the Solana Developer Platform. The collaborative environment is specifically engineered to allow global financial mainstays to iterate, test, and co-create production-grade enterprise blockchain tools. Within this dedicated development framework, MoneyGram joins other institutional heavyweights, such as Mastercard, who are collectively working to shape institutional blockchain infrastructure.
The convergence of global credit card networks and multi-national remittance entities onto the Solana Developer Platform highlights a growing macroeconomic trend. Established enterprise financial groups are increasingly abandoning isolated private sandboxes in favor of scalable, public ledger architectures that natively offer high throughput and low-latency execution fees.
The Architecture of Interoperable Settlement Ultimately, MoneyGram’s dual play on Solana underscores a long-term commercial thesis. The company’s multi-year engineering roadmap is explicitly aimed at fostering a global financial ecosystem anchored by asset-backed digital settlement that bypasses the friction points of traditional correspondent banking.
By operating the very node systems that process high-frequency global trades, MoneyGram is positioning its business model to lead the transition toward real-time, public-ledger settlement. The strategy effectively fuses a century of cross-border compliance, identity verification, and multi-currency liquidity management with the programmatic efficiency of open-source Web3 protocols. As institutional capital continues to migrate on-chain, the firm’s position as both a consumer transaction provider and a network validator provides a compelling template for the future of global money movement.
SBI Holdings, Ripple’s XRP banking partner in Japan, has signed the deal to purchase crypto exchange Bitbank for around ¥46.7 billion ($288.65 million).
XRP Veteran SBI Holdings Moves To Finalize Bitbank Deal On Thursday, June 25, the Japanese financial behemoth announced that it would buy Bitbank using its 100 percent-owned subsidiary, SBICAH LLC. As part of the transaction, SBI will have 100% stake in the exchange once all the related steps are finalized.
For XRP supporters, this acquisition is important as it builds on the efforts of a prominent crypto venture in Japan. SBI Holdings has been pushing Ripple-related projects and XRP payment solutions in its overall digital asset strategy for a decade now. Recently, the SBI Group even launched the RLUSD stablecoin in Japan after regulatory approvals.
The Bitbank deal involves SBI Group buying back 53,704 shares from the existing shareholders of Bitbank. It will also purchase another 48,952 shares as part of a capital increase. The total acquisition cost is around ¥46.7 billion, per the announcement today.
The transfer of shares is expected to be completed in August 2026. The remaining steps and capital increase are expected to be completed around October 2026. However, the deal is contingent on regulatory clearance, such as from Japan’s Fair Trade Commission.
Why Is The Bitbank Acquisition Important? According to SBI, the Bitbank deal will enhance its crypto business in Japan. The company confirmed that it is on a mission to grow its crypto exchange business and develop stablecoins, on-chain finance, and other opportunities. Further, the buyout comes on the heels of its yen-backed JPYSC stablecoin debut on Tuesday.
In the release, SBI Group stated, “By welcoming Bitbank into our group, our group will mutually utilize the customer base, service development capabilities, security and compliance systems, and management resources of both companies.”
The Ripple partner also pointed out the size of the deal it would involve. According to data from April 2026, the joint SBI and Bitbank VC Trade will operate approximately ¥1.1 trillion worth of customer assets. Further, it would support approximately 2.92 million crypto accounts.
That would rank the group as the leader of Japanese crypto exchanges in terms of assets under management, according to SBI. Moreover, it would also boast the highest number of crypto exchange accounts in the country.
The XRP-linked Japanese conglomerate also introduced Solana trading and custody services recently. Hence, acquiring Bitbank could also help in expanding these services and adding support for other cryptocurrencies.
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Institutions: Micron’s long-term agreements reduce industry cyclical volatility.
Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.
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Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
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Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Following the tension between Iran and Israel over the weekend, there were sharp declines in Bitcoin and altcoins. While BTC dropped to $60,700, altcoins also experienced major losses.
While BTC and the market were slowly recovering after the sharp decline over the weekend, CoinShares published its weekly cryptocurrency report.
Stating that cryptocurrency investment products experienced small outflows of $126 million last week, Coinshares said that the positive price momentum has stopped.
“Cryptocurrency investment products saw small outflows of $126 million last week.
“Investors appear hesitant as positive price momentum has stalled.”
Ethereum (ETH) and Solana (SOL) Sales Continue! When looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.
While BTC experienced an outflow of $110 million, the largest altcoin Ethereum (ETH) also saw an outflow of $28.7 million.
There was an inflow of $1.7 million in the Bitcoin Short fund, which was indexed to the decline of BTC.
When we look at other altcoins, Litecoin (LTC) experienced an inflow of 1.6 million dollars, Polkadot (DOT) 0.8 million dollars, Decentraland (MANA) 4.9 million dollars, and LIDO 1.8 million dollars; Solana (SOL) experienced a $3.6 million outflow.
“Bitcoin saw outflows of $110 million but maintained positive inflows of $555 million since the beginning of the month. Short-bitcoin broke a 3-week outflow streak with small inflows of $1.7 million, likely taking advantage of recent price weakness.
Ethereum was the altcoin that suffered the most relative damage last week, with an outflow of $29 million, marking its 5th consecutive weekly outflow.
Aside from Solana seeing $3.6 million in outflows last week, altcoins had another good week. More esoteric names like Decentraland, Basic Attention Token, and LIDO saw inflows of $4.9 million, $2.9 million, and $1.8 million, respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 145 million dollars.
After the USA, Canada ranked second with 6 million dollars.
Against these outflows, Germany lost 28.6 million dollars; Brazil experienced an inflow of 3 million dollars.
*This is not investment advice.
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The team behind the Midnight Network has launched the claim portal for the Glacier Drop, opening up the first phase of the NIGHT token distribution.
Following the launch, 33.6 million eligible addresses across eight major blockchains can now claim their free NIGHT tokens on the portal. The supported blockchains include XRP Ledger, Cardano, Solana, Bitcoin, BNB, Ethereum, Basic Attention Token, and Avalanche.
Notably, the Glacier Drop portal went live just a day after Cardano founder Charles Hoskinson teased its launch in a cryptic tweet. It was captioned “tomorrow kids” and was accompanied by a GIF, which reads “So it begins.”
Expectedly, the post elicited several reactions, with users suggesting that the team was preparing to launch the Glacier Drop claim portal. Interestingly, the portal has gone live, enabling eligible users to claim their NIGHT tokens.
BREAKING: Midnight has opened the claim portal for the Glacier Drop 🔥
A free $NIGHT token distribution is now live for 33.6 million eligible addresses across $ADA, $BTC, $ETH, $XRP, $SOL, $BAT, $BNB, and $AVAX.
Cardano $ADA holders are eligible for the largest share. pic.twitter.com/itxmHygKpG
— Cardanians (CRDN) (@Cardanians_io) August 5, 2025
How to Claim NIGHT Users can claim their tokens in four steps. The first step involves visiting the claim portal and connecting the “origin address.” It is worth noting that the origin address is the same as the one that qualified for the airdrop.
Upon connecting this address, users can provide a destination address to receive the free NIGHT allocations. To complete the claim, users must accept the terms and conditions and also sign the transactions.
Phases of NIGHT Airdrop The Glacier Drop, which is the first phase of the claim, will last 60 days. Once this phase ends, the Scavenger Mine–the second phase–will commence immediately for the next 30 days.
During this phase, users are required to complete computational tasks to earn a share of unclaimed tokens. Eligible users who missed the Glacier Drop will be presented with another opportunity to claim their tokens in a subsequent phase dubbed Lost-and-Found. Any unclaimed tokens after this event will be allocated to the Midnight treasury.
ADA Holders Remain Biggest Gainers Although the Glacier Drop supports addresses from major blockchains, Cardano users will receive the lion’s share. As previously reported, 50% of NIGHT’s token supply, equivalent to 12 billion tokens, is reserved for ADA holders. 20% of the supply, translating to 4.8 billion tokens, will be allocated to eligible users on the Bitcoin network.
The remaining 30% supply, or 7.2 billion NIGHT, will be split among Avalanche, XRPL, Solana, Basic Attention Token, BNB, and Ethereum users.
According to sources, Over 33 million addresses are eligible for claims:
ADA: 1,072,307
BTC: 17,562,278
XRP: 2,213,942
ETH: 7,862,092
SOL: 3,465,122
BNB: 1,213,677
AVAX: 227,793
BAT: 24,605
Users’ individual holdings of eligible tokens at the time of the snapshot will determine the amount of tokens they will receive.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month.
Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics platform Artemis shows that the stablecoin transfer volume on Solana has already surpassed $300 billion in January. This is the largest transfer volume recorded by stablecoins on the Layer-1 blockchain in a single month.
To put this figure into context, the Solana network registered $297 billion in stablecoin volume in the entire December. Meanwhile, the blockchain’s stablecoin transfer volume was about $11.56 billion in January 2023, reflecting an over 2,500% growth in the past year.
Stablecoin transfer volume across various blockchains in the past year | Source: Artemis From the chart above, it is clear that Solana’s stablecoin activity has been on a steady rise since October, increasing by more than 650% in the past few months. This growth has also impacted the network’s share in the stablecoin market, with Solana now boasting about 32% market share.
Unsurprisingly, Ethereum leads the market for stablecoins, with its transfer volume already reaching almost $317 billion in January. Meanwhile, the Tron network trails Solana in third place, with a stablecoin volume of roughly $240 billion.
On Thursday, January 18, Paxos revealed the launch of its regulated stablecoin, USDP, on the Solana network. According to DefiLlama data, USDC remains the dominant stablecoin on the Layer-1 network, with a market cap of over $1 billion.
Paxos is thrilled to share our regulated stablecoin USDP is now live on the @solana blockchain! This integration makes it easier for anyone to access and use the safest, most reliable stablecoins in the market. Learn more here: https://t.co/0j4Kj0yyPk pic.twitter.com/1doexKvVmY
— Paxos (@Paxos) January 18, 2024
SOL Price Overview Despite Solana’s burgeoning network activity, the price performance of its native token SOL has somewhat dampened in the past few weeks. As of this writing, the Solana token is valued at $92, reflecting a 0.6% decline in the last 24 hours.
This sluggish performance in the past day underscores the altcoin’s challenges since the turn of the year. After reaching a multi-month high of $124 at the end of 2023, the SOL price has largely struggled to hold above the $100 mark.
According to data from CoinGecko, the Solana token is down by more than 5% in the past week. Meanwhile, the coin has declined by about double that figure since the beginning of 2024.
Nevertheless, SOL maintains its position as the fifth-largest cryptocurrency in the sector, with a market capitalization of more than $40 billion.
Solana price faces downward pressure on the daily timeframe | Source: SOLUSDT chart on TradingView Featured image from Dreamstime/Aivaras Sakurovas, chart from TradingView
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing.
Corrective Recovery Scenario Takes Shape Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend.
One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market.
A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening.
Source: Chart from Elliott Waves Academy on X From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds.
For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase.
Solana Taps Reversal Zone, Early Bounce Emerges According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels.
At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand.
If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build.
SOL trading at $83 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pngtree, chart from Tradingview.com
Solana’s price action continues to flash caution signals, even as momentum indicators suggest oversold conditions. The broader market structure remains tilted to the downside, with bearish waves still unfolding and key support levels under pressure. Until a clear shift in structure and a strong bullish impulse emerge, the risk of further downside remains firmly on the table.
Bearish Structure Dominates Solana On Lower Timeframe In the current follow-up wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights that bearish control remains firmly intact. The price has already experienced a strong impulsive decline, marking the first leg of a broader downward trend. This move is likely unfolding as waves 3–5 within wave (1)/(A), suggesting that the market is still in the early stages of a larger bearish cycle.
At this stage, price is approaching the 100% extension of the prior wave, aligning with a key support level of $78.33. This zone is technically significant and could act as a temporary reaction point where buyers attempt to slow down the decline or trigger a short-term bounce. If the market fails to produce a convincing reversal at this support, the bearish structure is expected to extend further through the sub-waves of wave 5, reinforcing sustained selling pressure in the medium term.
Source: Chart from Elliott Waves Academy on X From a short-term perspective, a wave 2 corrective rebound may develop before the next leg down. This bounce could take the form of a sharp, channeled recovery, often seen in counter-trend moves. However, any breakdown below key support during or after this correction would confirm that the broader bearish trend remains dominant, making it essential to monitor price action and structure at these levels closely.
Weekly RSI Mirrors 2022 Bear Market Conditions According to More Crypto Online, the weekly RSI on Solana’s chart is currently showing similarities to the conditions observed during the 2022 bear market, just before the final bottom. This resemblance has drawn attention, as it may offer clues about the market’s current position within a broader cycle.
Many market participants have pointed to the oversold RSI reading seen in February as a signal that a recovery could be underway. However, relying solely on RSI without confirmation from price structure can be misleading, especially in extended bearish phases.
The current setup closely mirrors early 2022, when the market experienced a prolonged period of sideways movement before eventually forming a final low in both price and RSI. That historical pattern suggests that more consolidation or downside could still occur before a true bottom is established. For now, the comparison remains valid until a clear impulsive move to the upside is confirmed. Furthermore, a strong bullish impulse would significantly improve the overall outlook for Solana.
SOL trading at $84 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com
Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades into another corrective wave.
Solana Corrective Recovery Scenario Begins To Take Shape Focusing on the 1-hour timeframe, Elliott Waves Academy identifies a potential short-term recovery for Solana. This corrective move is modeled as wave (2)/(B), likely taking the shape of a complex double zigzag structure as the market attempts to stabilize after recent downward momentum.
To confirm this recovery path, a decisive breakout above the upper boundary of the current diagonal pattern is key. Additionally, clearing the key resistance level tied to the previous bearish wave would significantly bolster the case for this upward correction, which is expected to evolve within the defined price channel shown on the chart.
Source: Chart from Elliott Waves Academy on X The primary target for this relief rally resides within the 50% to 61.8% retracement zone of the preceding decline, with potential for an extension up to the 78.6% level. Ultimately, the structural outlook depends on how the price interacts with this resistance zone.
If the recovery gives way to renewed selling, the area will likely act as a focal point for seller concentration. However, should the market establish higher lows and follow up with a series of impulsive waves, the trend would shift toward sustained upside potential.
Solana Remains Stuck Inside Broad Range Structure MCO Global DE noted that Solana continues to trade sideways within the same broad range structure that has controlled price action for several months. According to the analysts, the market still lacks a convincing breakout signal, while recent movement on the lower timeframes is dominated by short-term noise.
The expert explained that the leading scenario remains largely unchanged, with several important support zones continuing to hold. Immediate support is seen around $81.28, while significant support regions remain between $71.92 and $77.96. MCO Global DE added that another short-term dip cannot be ruled out before Solana attempts a renewed recovery within the larger B-wave structure.
At the same time, the analysts warned that the market remains vulnerable to deeper corrective movement as long as the key resistance around the $96 level remains intact. Overall, MCO Global DE believes Solana is still trapped inside a large range-bound structure, with no clear confirmation of a larger bullish breakout at this stage. Until buyers successfully overcome the major resistance levels, particularly near $96 and eventually $110, the broader market outlook is expected to remain cautious and neutral.
SOL trading at $87 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pxfuel, chart from Tradingview.com
Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries.
Solana Records An Unprecedented Eight Consecutive Red Months In a recent market analysis, Crypto Patel highlighted a remarkable development in Solana’s price history. SOL has now posted eight consecutive red monthly candles, marking the first time such a streak has occurred since the cryptocurrency was launched. This rare event could provide valuable clues about where the market stands within its broader cycle.
Drawing comparisons to the previous bear market, the analyst recalled Solana’s dramatic decline from its 2021 all-time high near $260 to a low of approximately $8. During the downturn, SOL produced 9 monthly red candles in total, but they were not consecutive. Notably, the 9th red candle marked the cycle bottom, after which SOL embarked on a powerful recovery that ultimately pushed the asset to a new all-time high around $295.
Source: Chart from Crypto Patel on X Patel pointed out that the current setup shares some similarities with that of the earlier period, but with notable differences. Solana has already fallen from roughly $253 to $67 while recording 8 straight months of losses, with the 9th monthly candle currently taking shape.
While cautioning that it is still too early to draw firm conclusions, the analyst suggested that a repeat of the previous cycle’s behavior could signal the emergence of a macro accumulation zone at the $50–$80 range. A repetition of this pattern raises the possibility of SOL surging to higher levels between $500 and $1,000 during the next major market expansion.
Ending Diagonal Pattern Hints At A Potential Trend Reversal On the 4-hour timeframe, Elliott Waves Academy has identified that Solana is currently forming an ending diagonal pattern. This structure represents the wave 5 of a bearish impulse, which is nested within a larger-degree impulse sequence, suggesting the asset is nearing the conclusion of its immediate downward trajectory.
The recovery outlook will be confirmed once this pattern is finalized, specifically through a clean breakout of a key level and the upper boundary of the pattern. Once established, this confirms the beginning of an upward corrective wave. Based on the length of the preceding wave, the price is ideally projected to target the ratios outlined on the chart as it attempts to stabilize.
While the initial targets are clear, the upward movement is likely to extend further depending on evolving market developments. If the price breaks decisively above the wave peak, it would significantly strengthen the bullish scenario, paving the way for a more substantial recovery.
Other technical factors bolstering this bullish outlook are a clear five-wave impulse structure representing wave (1)/(A), alongside a strong reversal pattern forming near the diagonal’s lower boundary. Furthermore, the internal corrective movements observed are consistent with the formation of the expected diagonal.
SOL trading at $79 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pixel Plex, chart from Tradingview.com
The crypto market has just experienced one of the most violent shocks of the year, illustrating once again the fragility of positions heavily linked to leverage effects in the face of macroeconomic uncertainties and technological disruptions. In just a few hours, more than 100 billion dollars of global market capitalization disappeared. This massive purge occurs in a context of global technological rout and regulatory tightening and plunged the Crypto Market Fear & Greed index into an “extreme fear” zone, with a score of 23.
In brief The crypto market suffered a brutal correction, with more than 100 billion dollars wiped out in a few hours and a marked return of fear across the sector. A wave of liquidations exceeding 720 million dollars hit traders using leverage, causing the capitulation of thousands of investors and a widespread drop in major digital assets. Bitcoin, Ethereum and leading altcoins recorded sharp declines, while spot crypto ETFs suffered significant capital outflows, increasing selling pressure. New American initiatives in favor of quantum computing revive concerns about the future ‘Q-Day’, a scenario in which quantum computers could challenge the security of current cryptographic systems. The capitulation of crypto assets The first act of this crisis is characterized by liquidation metrics of a magnitude rarely seen in recent months, which explains the shift of the crypto market into extreme fear. According to market data, more than 720 million dollars of positions were wiped out in 24 hours across all main assets: bitcoin, Ethereum, XRP, Solana, Dogecoin… Nearly 145,000 traders fell victim to this wave of forced selling.
The losses mostly hit buyers using leverage: 610 million dollars of long positions liquidated, versus 110 million dollars for short positions. As proof of the violence of the bearish wick, 182 million dollars of buying positions were erased in just one hour. The Hyperliquid platform also recorded the biggest individual liquidation on the ETHUSD contract, valued at 15.34 million dollars. On the network, on-chain analyst Axel Adler Jr. has summarized the situation : “weak hands capitulate while strong hands did not even flinch”.
Here is the factual breakdown of losses recorded in the Spot market :
Bitcoin (BTC) : the price heavily stumbled to reach an intraday low of 61,893 dollars, breaking its critical 200-week moving average (200-WMA) at 62,000 dollars, generating 216 million dollars of liquidations alone ; Ethereum (ETH) : the market’s second crypto plunged below the 1,650 dollar mark to hit a floor at 1,639 dollars ; Major altcoins : XRP fell more than 3 % to 1.10 dollars, while other assets like BNB, Solana, Cardano or Dogecoin recorded corrections ranging from 3 to 7 % ; Institutional flows : Bitcoin and Ethereum spot ETFs experienced significant net capital outflows, with BlackRock’s IBIT ETF alone seeing 170 million dollars of redemptions. Faced with this massive unwind of positions, analyst Ted Pillows warned about the need to preserve the technical support zone between 61,000 and 62,000 dollars, predicting that a “cluster drop around the 61,200 dollar level” might occur before any hope of a rebound.
Macro-economic contagion and global monetary tightening Beyond the technical crisis, this collapse finds its deep causes in a combination of macroeconomic factors and major political decisions. Traditional financial markets have effected a strong contagion. The Korean KOSPI index experienced a historic collapse of nearly 10%, its third largest drop ever, while the Nasdaq 100 lost 2.60% in pre-opening.
This global risk aversion is explained by the rise to 4.5% of the 10-year US Treasury bond yield and the strength of the dollar index (DXY), which reached 101.17, its highest level since May last year. Investors, worried about peace talks between the United States and Iran and fearing future interest rate hikes by the Federal Reserve, eagerly await the PCE inflation figures. The diagnosis for the analysis entity Bit Official is clear: “the weakness of both markets can therefore be explained by the Fed being less accommodative since October 2025, with the AI narrative offering only a practical explanation for the correction”.
The specter of the “Q-Day” and the threat of quantum computing A fundamental event has shaken investors’ long-term confidence: US President Donald Trump signed executive orders aimed at massively boosting quantum computing to ensure national security. The White House officially announced its intention to “relaunch a national innovation effort in quantum technologies, to preserve national security and stimulate American growth in a key industry sector”. This direction places the crypto industry against a critical countdown: 2030, the date by which the US government has imposed the migration of its own critical systems to post-quantum standards.
Experts fear the advent of a “Q-Day” by 2030, the apocalyptic scenario in which quantum computers would be able to break current standard encryptions. This fear is all the stronger as Google has issued a major warning, highlighting that large-scale quantum machines would be able to break standard cryptography by 2029. Thus, some networks like Solana or XRP already plan to integrate quantum upgrades in their roadmaps for 2028, but a study indicates that nearly 7 million bitcoins could be threatened if the flagship crypto does not update its cryptographic signatures in time.
This triple constraint, monetary on one side, technological and political on the other, sketches a complex outlook and invites nuanced analysis. In the short term, the market’s ability to absorb liquidations will depend heavily on this week’s US economic indicators, which will guide Fed policy. Ultimately, the blockchain industry is forced to accelerate its transition to a post-quantum architecture to preserve its promise of inviolability. This crash, while temporarily eliminating excess speculation and the leverage of “weak hands”, forces developers and institutions to look beyond price charts to meet an inevitable industrial and security challenge.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TRON hit 3.93 million active addresses on June 23, according to data from Lookonchain and DefiLlama. That single-day figure put the network ahead of BNB Chain, Solana, and Ethereum, the three blockchains most commonly cited as its competitors for daily user activity.
What the numbers actually show The 3.93 million figure represents unique addresses that initiated or received transactions within a 24-hour window. TRON averaged 3.2 million daily active users during Q1 2026, a figure that already placed it second only to Solana among major blockchains. So hitting 3.93 million represents roughly a 23% jump above that quarterly average.
The network’s total account count tells an even broader story. As of mid-June 2026, TRON surpassed 389 million total accounts, according to TRONSCAN. The network has also processed a cumulative 14.5 billion transactions since launch.
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Why TRON keeps winning the activity game TRON’s secret weapon has never been flashy DeFi protocols or blue-chip NFT collections. It’s stablecoins. Specifically, cheap stablecoin transfers. The network has carved out a massive niche as the preferred rail for USDT transfers, particularly in emerging markets where users prioritize low fees over ecosystem prestige.
The sustainability question Analysts observing the spike have noted that it appears to be a temporary phenomenon rather than evidence of a fundamental shift in network usage patterns. Averaging 3.2 million daily active users across an entire quarter is sustained engagement at a scale that most blockchain networks would love to achieve even once.
TRON transitioned to a community-governed DAO structure back in December 2021, and the network has continued to grow its user base steadily in the years since.
What this means for investors High usage doesn’t automatically translate to token price appreciation. TRON’s dominance in stablecoin transfers means much of the value flowing through the network accrues to stablecoin issuers like Tether, not necessarily to TRX holders.
Investors watching TRON should focus less on single-day records and more on whether the Q2 2026 daily active average exceeds Q1’s 3.2 million figure. That would signal genuine growth rather than statistical noise.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
