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Solana News
Coinpedia
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Image Credit: Coinpedia
Solana Price Bounces Back Strong: Is $190 the Next Milestone?
- Solana has surged in the crypto market, fueled by the launch of the Seeker device and Byreal DEX on Solana.
- Institutional confidence is increasing with Fidelity filing for a Solana ETF and high network engagement.
- Solana's price is trading at $157.18, showing a rebound and bullish reversal from lower Bollinger Band levels.
- The 20-day SMA of $155.61 acts as support, while $170 is identified as the next resistance level.
- RSI stands at 49.91, indicating a move from oversold conditions and potential upward momentum.
- A break above $170 may lead to a rally towards $185-$190, while failure to hold $155 could result in a pullback to $141-$144.
- Institutional interest and technical signals suggest a bullish setup for SOL, advising caution around $155 support and $169 resistance.
- The current price of Solana is $156.78, with a 7.23% intraday gain.
- Short-term price predictions for Solana range from $169-$175 with potential to reach $185, supported by levels at $144-$141.
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TheNewsCrypto
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More Losses Ahead? Solana (SOL) Flashes Warning Signal as Traders Shift Focus to Under-$0.002 Token Set for $0.20
- Solana (SOL) shows bearish momentum, leading investors to shift to the presale token Little Pepe ($LILPEPE), a meme coin with Layer 2 blockchain utility.
- SOL's recent price action, falling below critical levels, prompts concern of a new decline with potential retracement targets at $165 and $160.
- Despite Solana's strong fundamentals, traders are cautious due to market uncertainty, sparking a flow of capital towards speculative assets like $LILPEPE.
- $LILPEPE stands out with plans for its own Layer 2 blockchain, zero taxes on trades, transparent tokenomics, and narrative-driven virality.
- Over $88,000 raised in $LILPEPE's Stage 1 presale, with early buyers eyeing a 200x potential upside from its starting price of $0.001 per token to a speculated $0.20.
- Historically, market shifts from established assets to speculative plays during bear markets, favoring explosive growth in memecoins like $LILPEPE.
- Attracting traders with its low entry price, community support, clear roadmap, and Layer 2 utility, $LILPEPE presents a promising opportunity amid SOL's struggles.
- While Solana's future seems uncertain, $LILPEPE emerges as a potentially lucrative investment, combining meme appeal with serious blockchain infrastructure.
- With ongoing presale momentum and prices below $0.002, traders are considering the shift to $LILPEPE for potential gains in the evolving meme token landscape.
- $LILPEPE offers a blend of meme fun and strong utility, positioning itself as a standout player in the meme coin sector with significant upside potential.
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Cryptoticker
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Image Credit: Cryptoticker
Solana in Trouble? Here’s What the Charts Say
- Solana (SOL) price is hovering near a critical support level at $145 amidst increasing bearish pressure.
- The daily and hourly charts indicate potential downward movement if current support is breached.
- Key moving averages like the 20-day SMA at $145.11 and the 50-day SMA at $160.61 are acting as resistance levels.
- A lower high and a lower low pattern suggest a weakening uptrend for SOL price.
- Fibonacci projections indicate a potential fall towards the $131–$125 support zone if $145 support fails.
- The hourly chart points to a descending triangle pattern, indicating breakdown potential if support at $145 is breached.
- Solana price is currently caught between resistance at $149–$152 and support at $143–$145.
- A breakout above $152 with bullish moving average crossovers could lead to a recovery towards $180.
- On the other hand, a drop below $145 could trigger further downside towards $135 or lower.
- Short-term bearish targets include $135, medium-term targets are in the $125–$131 range, and an extreme target is around $100–$110.
- Short-term bullish scenario involves a target of $168, while a breakout above $152–$160 could push SOL price towards $185–$200.
- Traders are advised to monitor volume confirmation and moving average crossovers for potential changes in trend.
- Solana price remains at a crucial juncture, where a clear move above $152 or below $145 will determine the next trend direction.
- The article offers insights into technical levels and scenarios for Solana's future price movements, emphasizing the significance of key support and resistance levels.
- The battle between bulls and bears in the Solana market indicates uncertainty regarding the cryptocurrency's immediate price outlook.
- The potential for a breakdown towards lower support levels or a recovery towards higher resistance levels depends on key price levels being breached.
- Traders are advised to exercise caution and watch for significant price movements to make informed trading decisions.
- Investors and analysts closely monitor Solana's price action to gauge market sentiment and potential price trends.
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Zycrypto
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Image Credit: Zycrypto
Cardano’s Hoskinson Declares Second Half of 2025 Will Be Explosive for XRP, Ether, DOGE, Solana, Shiba Inu
- Cardano's Charles Hoskinson predicts a bullish second half of 2025 for altcoins like XRP, Ether, DOGE, Solana, and Shiba Inu amidst the ongoing debate on altcoin season in the crypto community.
- Hoskinson expressed optimism during a recent YouTube AMA session, suggesting that altcoins could see a significant price increase in July and the following months.
- Bitcoin is showing signs of recovery after struggling to stay above $110,000, with renewed buying pressure possibly indicating further gains.
- While Bitcoin may continue to outperform, altcoins like Ether, SOL, and DOGE have outpaced Bitcoin in the past week, with gains of 7.94%, 6.10%, and 5.65% respectively.
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Livebitcoinnews
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Image Credit: Livebitcoinnews
Firms File Updated S-1s for Spot Solana ETFs
- Several major asset management firms have filed updated S-1 registration statements with the SEC to launch spot Solana ETFs.
- Firms like Grayscale, VanEck, Fidelity, Franklin Templeton, Galaxy Digital are part of this initiative.
- SEC guidance prompted revisions in Solana ETF filings, focusing on staking practices.
- Analysts see potential in Solana ETFs due to staking rewards and network performance.
- While enthusiasm is high, caution remains as analysts await SEC clarifications similar to the early Bitcoin ETF phase.
- A 2.5% management fee was disclosed by Grayscale in their updated filing.
- Invesco and Galaxy Digital have also filed a Delaware trust for a potential Solana ETF.
- Approval for Solana ETFs could be expected in the next few months if talks progress well.
- Solana ETFs are part of a growing trend in the crypto investment space.
- SEC has so far authorized spot ETFs only for Bitcoin and Ethereum, but Solana is emerging as a strong candidate.
- Altcoin ETF proposals for other cryptocurrencies are still pending.
- The likelihood of Solana joining the ETF market is increasing with regulatory evaluations and stakeholder engagement.
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TronWeekly
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Image Credit: TronWeekly
XRP and Solana Frenzy Sparks Explosive Stock Surges in Micro-Cap Companies
- Micro-cap companies like Trident Digital and Addentax are announcing billion-dollar XRP and Solana plans despite having tiny market caps.
- Analysts, including VanEck’s Matthew Sigel, warn these moves resemble pump-and-dump schemes rather than genuine crypto strategy.
- DeFi Development Corp. surged from $7M to $379M in market cap after a questionable $5B Solana treasury claim.
- XRP is at the center of a new wave of speculative announcements as low-cap companies rush to declare massive crypto treasury plans.
- Many of these announcements are seen as stock manipulation tactics by analysts.
- Trident Digital Tech claimed it would raise $500 million for an XRP treasury despite having a market cap of just $16 million.
- VanEck's Matthew Sigel believes these announcements are likely pump-and-dump schemes orchestrated by insiders.
- Addentax Group, a Chinese company with a low market cap, made a dubious claim of buying $800 million worth of Bitcoin and another coin.
- Further small firms like Classover Holdings and Webus International are also pushing billion-dollar XRP and Solana treasury plans.
- DeFi Development Corp. announced a $5 billion Solana treasury deal, seeing a significant market cap increase fueled by hype.
- Analysts note the difference between these bold declarations and legitimate strategies like MicroStrategy's approach to crypto investments.
- The pattern observed involves driving stock prices up with grand crypto investment announcements to benefit insiders.
- Caution is advised for retail investors as these speculative tactics may pose risks.
- Amid escalating XRP-related activities, due diligence is emphasized in light of exaggerated crypto treasury plans by penny-stock firms.
- The joint motion in the Ripple-SEC case seeking a resolution on a $125M escrow adds to the ongoing XRP-related saga.
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TheNewsCrypto
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VanEck Raises Concerns Over XRP and Solana Treasury Schemes
- Small-cap firms have announced plans to purchase large amounts of cryptocurrencies despite having low market capitalizations, raising concerns among digital asset specialists.
- VanEck's Matthew Sigel warns that these announcements might be coordinated stock manipulation schemes aimed at artificially inflating stock prices.
- Several penny stock companies have declared intentions to buy hundreds of millions of dollars worth of cryptocurrencies, even though their financial standing is poor.
- Sigel points out red flags indicating fraudulent behavior in these announcements, such as lack of industry connections and financial resources to implement the plans.
- The timing of these announcements often coincides with market rallies, suggesting opportunistic conduct by insiders to drive up share prices before selling at inflated values.
- Examples of companies making unrealistic crypto treasury announcements include Trident Digital Tech, Addentax Group, and DeFi Development Corp, with market caps significantly lower than their stated purchasing amounts.
- Industry watchdogs advise caution and recommend investors to verify financial statements and funding potential before making investment decisions based on cryptocurrency treasury holdings.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Invesco and Galaxy Take First Step Toward a Solana ETF Launch
- Invesco and Galaxy Digital have registered a new trust in Delaware, signaling progress towards launching a Solana ETF.
- The SEC has requested issuers amending S-1 filings, hinting at potential acceptance of staking within ETF structures.
- Invesco and Galaxy Digital registered the Invesco Galaxy Solana ETF as a Delaware Statutory Trust, a significant step in the ETF filing process.
- This move is seen as a notable development in the crypto market, suggesting the imminent entry of a Solana spot ETF onto a larger platform.
- The SEC's request for amendments to S-1 filings by Solana ETF issuers underscores potential discussions on incorporating staking within ETFs.
- Various companies, including Fidelity, Bitwise, 21Shares, and Canary Marinade, are navigating the competitive landscape to introduce Solana ETF products.
- While SEC requests for document amendments have been made, there is still no clear indication of rapid approval, potentially due to ongoing technical or political deliberations.
- Solana's collaboration with R3 indicates a broader integration of its blockchain into traditional financial systems, such as asset tokenization, aiming to expand its utility beyond ETF listings.
- The launch of a Solana-based ETF could facilitate institutional investors' direct exposure without holding tokens, possibly simplifying investment processes and providing validation to the asset class.
- At present, SOL is trading at approximately $146.80, showing a 1.92% increase in the last 24 hours and surpassing a market cap of over $75 million.
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TheNewsCrypto
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Solana Spot ETFs Filed, Approval Unlikely Soon: Analyst Seyffart
- Bloomberg ETF analyst doubts regulatory approval for Solana Spot ETFs application.
- James Seyffart believes approval for Solana Spot ETFs is unlikely to come soon due to necessary back-and-forth with the SEC.
- Lessons from past Bitcoin ETF launches suggest a similar process for Solana Spot ETFs.
- History of Bitcoin ETF: First US-based spot Bitcoin ETFs launched in January 2024 after initial application in 2013.
- Fidelity Investments filed the first S-1 registration for spot Solana ETF, joined by 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital.
- VanEck, first US firm to file for spot Solana ETF in June 2021, submitted an amendment filing recently.
- Lessons learned from past approvals expected to expedite Solana ETF approval process.
- User highlights lessons from spot Bitcoin and Ether ETFs to accelerate Solana ETF approval.
- Analyst anticipates spot Solana ETFs to launch with staking coinciding with SEC approval for spot Ether ETFs.
- Bloomberg Intelligence estimates a 90% chance of a Solana ETF approval this year.
- Joe Lubin of Consensys optimistic about Ether ETF issuers offering staking.
- Highlighted crypto news today includes Bitcoin slipping below $104K amid Iran-Israel tensions.
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TronWeekly
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Image Credit: TronWeekly
New Solana ETF Filing Could Change Everything: Here’s What We Know
- Invesco files for the registration of the Invesco Galaxy Solana ETF in Delaware, aiming to expand digital asset offerings beyond Bitcoin and Ethereum.
- The Solana ETF filing represents a strategic move towards diversification in the market of exchange-traded products focused on crypto assets.
- Delaware was chosen for its business-friendly regulations and established legal structure regarding fund registration, attracting asset managers like Invesco.
- The registration reflects increasing interest in gaining exposure to alternative blockchain ecosystems beyond Bitcoin and Ethereum.
- Solana's appeal grows in decentralized finance and smart contracts due to its speed, scalability, and developer ecosystem.
- The Solana ETF would provide regulated access to Solana's potential for investors looking to engage with the blockchain network in conventional finance systems.
- The filing for the Solana ETF aligns with a trend of firms seeking to tap into blockchain infrastructure, enhancing interest in Solana as an investment opportunity.
- However, regulatory approval for altcoin-based ETFs like Solana remains uncertain, with debates ongoing on the classification of digital assets by the U.S. Securities and Exchange Commission.
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TronWeekly
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Image Credit: TronWeekly
Solana NFT Marketplace Solsniper Ends Operations After 3.5 Years
- Solana NFT marketplace Solsniper closes after 3.5 years, ending operations on June 13, 2025.
- All NFTs will be delisted, bids refunded, with leaderboard data preserved.
- Solsniper shifts focus to AI tools, Telegram bots, and memecoin trading.
- NFT market slowdown evident with 63% volume drop since December 2024.
- Solsniper started as an analytics tool, expanding to a mobile app and NFT marketplace on Solana.
- The company clarifies it's not shutting down entirely, just its NFT-related products.
- Pending bids and balances will be refunded, leaderboard data kept for future use.
- New products launched include AI bots for crypto trading.
- Solana blockchain's core infrastructure unlikely to be affected by Solsniper's closure.
- Shutdown reflects broader trend with other NFT platforms closing.
- DappRadar data shows a 63% drop in NFT trading volumes since December 2024.
- NFT market volatility highlighted by Solsniper's exit, emphasizing the need to adapt.
- Solsniper's pivot signifies the evolving nature of the NFT sector.
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Newsbtc
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Image Credit: Newsbtc
Solana Approaches Critical Support Amid Middle East Conflicts – Can Demand Hold?
- Solana (SOL) is facing selling pressure amid rising global uncertainty, triggered by Middle East conflicts and market-wide volatility.
- The altcoin market, including SOL, remains vulnerable to downside as macro risks rise, with SOL now approaching a critical technical level.
- Top analyst Cheds highlighted SOL re-testing a key daily demand zone around $145, a level crucial for maintaining bullish momentum.
- If SOL fails to hold above $145, it could signal further losses, especially if global tensions persist, impacting the broader altcoin market sentiment.
- Traders are closely watching for buyer support near $145 to determine if SOL can bounce back or if the market downturn will intensify further.
- Solana had briefly consolidated below $170 but faced resistance and dropped amidst escalating global tensions, finding itself at a critical support zone.
- Bulls are cautiously optimistic, hoping for a bounce back, but the overall market uncertainty and geopolitical risks have dampened altcoin momentum.
- Solana is currently trading at $145.24 after breaking below key moving averages, with the $145 zone crucial for potential recovery or further retracement.
- A failure to hold $145 could lead to a deeper retracement towards $130, while reclaiming the 100 SMA at $157.46 might indicate renewed bullish momentum.
- Momentum indicators suggest oversold conditions, and traders are advised to stay cautious amid high volatility and macroeconomic uncertainty.
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Blockonomi
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Image Credit: Blockonomi
DeFi Development Corp. Raises $5B to Buy More Solana: Details
- DeFi Development Corp. secures $5 billion equity line to boost Solana holdings and expand its SPS-focused treasury.
- New capital strategy aims to enhance validator yield and shareholder value without dilution.
- Despite a 7% drop in Solana price, trading volume surges by 64% due to institutional accumulation.
- The SPS model connects public equity performance directly to Solana treasury growth and staking rewards.
- The $5 billion equity deal allows incremental share issuance, avoiding price slippage in volatile markets.
- CEO Joseph Onorati highlights the flexibility to drive SOL per share growth and validator yield.
- DeFi Dev files Form S-1 with the SEC for regulatory clearance to access the equity line.
- The company's strategic shift reflects the need for adaptable capital structures in the evolving crypto landscape.
- DeFi Dev's $5 billion plan showcases its strong confidence in the long-term potential of the Solana ecosystem.
- Solana's recent price decline contrasts with a substantial increase in trading volume, indicating heightened market interest.
- DeFi Dev's unique SPS model intertwines shareholder performance with Solana treasury growth and capital appreciation.
- The equity line signifies a significant evolution in how firms leverage capital raises tied to digital assets.
- DeFi Dev emerges as a pioneer in linking shareholder value directly to Solana, setting a new standard in funding strategies.
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TheNewsCrypto
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Beyond the Hype— Neo Pepe’s Initial Surge of Authentic Community Growth Outshines Solaxy’s
- In the world of cryptocurrency, Solaxy and Neo Pepe showcase contrasting growth trajectories based on community engagement.
- Solaxy initially experienced significant hype with promises of solving Solana's network issues but faced challenges based on potential over performance.
- Common pitfalls observed in projects like Solaxy include hype-driven narratives and vulnerability to momentum loss.
- The broader landscape of Solana meme coins reveals issues such as lack of utility, insider trading risks, and superficial community engagement.
- Neo Pepe focuses on authentic community growth, organic expansion, and a decentralized governance model, setting itself apart from hype-driven projects.
- Key strengths of Neo Pepe include transparent communication, practical utility features, and a structured presale mechanism for stability.
- Neo Pepe aims to redefine meme coins by blending humor, utility, and governance to create lasting impact and sustained growth.
- Projects like Neo Pepe prioritize technology, transparent governance, and community engagement for long-term success in the evolving cryptocurrency market.
- Investors interested in sustainable growth and community-driven projects can explore Neo Pepe's unconventional approach to meme coin development.
- Disclaimer: The article provides insights into Solaxy and Neo Pepe's growth strategies based on community engagement, highlighting the importance of authenticity and sustainable development in the cryptocurrency space.
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