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Institutional adoption drives Solana to new ATH as Snorter Token soars
Crypto Trends

Institutional Adoption Driving Solana to a New ATH, as Snorter Token Soars

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Growing institutional adoption is the main drive behind Solana’s performance over the past month.

$SOL is currently up 29.54% over the last 30 days and the momentum hasn’t died out yet. The token trades at $239 at the time of writing, after consolidating its position around the $240 threshold.

This performance is the direct result of growing institutional buys from major companies like Forward Industries, which now holds over 6.8M $SOL, valued at over $1.65B.

The Solana frenzy realistically started in October, 2024, when $SOL started pumping until the beginning of February, 2025. The dip that followed took $SOL to $105.5 before the next rally ensued.

That’s where we are now, in a 6-month rally that saw $SOL trading close to $250 yesterday and it’s nowhere near over.

A successful breakout above $243 could kickstart the run for a new ATH, which is what will push the Snorter Token’s ($SNORT) presale to new heights.

Will We See a New Solana ATH in 2025?

Everything points at a coming ATH for $SOL in Q4, most likely in October. The main drive? The growing number of Solana treasuries taking a page out of Strategy’s playbook and hoarding $SOL in massive numbers.

For reference, Strategy is the largest Bitcoin holder in the world, with a $BTC treasury of 638,985 tokens, valued at $74B.

Forward Industries is the closest to replicate Strategy’s success with its massive Solana holdings, but it’s not the only one.

Galaxy Digital also bought 1.2M $SOL a week ago, as part of a 5-day buying spree which brought the company 6.5M $SOL, valued at $1.55B.

On a broader scale, Solana treasuries have soared over the past year, both in size and number. According to Strategic Solana Reserve, we have 17.045 $SOL, or 2.96% of the total supply, in reserves across 17 tracked institutions.

9.352M of them are already in staking pools.

And now we have Brera Holdings, which raised $300M through a private placement to fund its Solana Digital Asset Treasury, backed by Ark Invest and UAE investors.

The official press release also highlighted the main catalyst behind the growing investor confidence in the protocol:

Solana is recognized as the fastest-growing blockchain in the world, processing more transactions and generating more on-chain revenue than all other blockchains combined.

—Brera Holdings, Official press release

The conclusion is clear: $SOL is clearly on track to a new ATH by the end of the year. Most importantly, it will happen sooner rather than later.

With that in mind, Snorter Token comes as another potential hit in 2025, given that the presale just passed the $4M mark.

How Snorter Token Makes Coin Sniping Easy and Rewarding

Snorter Token ($SNORT) runs the $4M presale that feeds Snorter Bot’s ecosystem. The Bot is the most elegant response to the main problems associated with coin hunting, like the high risk of scams and the lack of beginner-friendly accommodations.

Snorter Bot makes coin hunting safe with the help of its native scam detectors, which warn against suspicious projects like honeypots and rug pulls. This serves as an entry ticket for novice traders who avoid engaging with the crypto market out of fear of losing their funds.

The Bot is also very easy to use, creating even more incentive for beginners to join in. You only need to join the Telegram chat where the Bot operates, set it up according to your investment strategy, and watch it work its routine.

The Copy Trading feature also allows you to borrow other traders’ successful strategies if you don’t have one of your own.

The presale just reached $4M with a token price of $0.1051, which means this is the perfect time to invest. With Solana showing signs of an end-of-the-year bull, we expect the Snorter Token presale to see growing investor support.

Post-launch, our price prediction for $SNORT is $0.94 with a potential for $3.25 by the end of 2030. The price could go vastly higher with sufficient community support and mainstream adoption.

You can learn how to buy $SNORT right here. So do that, then visit Snorter Token’s official presale page to get your tokens today.

This isn’t financial advice. Do your own research (DYOR) before investing.

Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/institutional-adoption-drives-solana-to-new-ath-snorter-token-soars/

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOAR
Crypto Trends

CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOAR

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CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOAR

AVAX & NEAR lead L1s, most alts fall. XRP, DOGE ETF debut, $50m day 1 combined volume. MetaMask token coming ‘very soon’. Michigan BTC bill moves forward after delay. Brera Holdings launches $300m SOL DAT. ETH Fusaka upgrade scheduled for December. Plasma TGE set for 25 September. Circle facing intense competition: JP Morgan. PYUSD expands to Tron, Aave and other blockchains. Avantis adds top tech stocks on chain, allows 25x lev. ASTER keeps rising, hits $3.8n FDV. ASTER hits $310m spot volume on TGE launch. BTC trading firm CEO pleads guilty to $200m ponzi. Canada seizes $40m crypto from TradeOgre.



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BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH
Crypto Trends

BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH

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BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATH

Crypto majors mostly rally post-FOMC; BTC at $117,300. SOL jumps 5% as Forward Industries announces $4B ATM. BNB crosses $1,000 for first time; CZ bull-posts ASTER (+400%). Hype hits new ATH at $59; Project X announces its Phase 2. TokenWorks & PNKSTR announce perpetual machine rollouts for 5 new NFT collections, token soars. Crypto majors are very green after a 25 bps cut at FOMC yesterday; BTC +1% at $117,300, ETH +2% at $4,580, XRP +3% at $3.11, SOL +5% at $247. PENGU (+14%), SPX (+11%) and AVAX (+10%) led top movers. HYPE hit a new ATH at $59 on Wednesday; BNB crossed $1,000 for the first time. The Bitcoin ETFs saw $51M in net outflows, breaking their 7-day inflow streak; the ETH ETFs also saw outflows. Moneygram is embracing stablecoins in partnership with Crossmint, big news for its 50M customers and 200 operating countries. Kraken and Circle are partnering to expand stablecoin access with USDC & EURC integration. NYDFS told banks to adopt blockchain analytics for AML/sanctions controls. A golden statue of Trump holding a Bitcoin has been installed outside the U.S. Capitol building. The SEC approved a generic listing standard which will greatly accelerate the approval process for crypto ETFs.



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Crypto Investor Turns $1k Into $1M In 8 Years, as BNB hits $1,000 ATH
Crypto Trends

Crypto Investor Turns $1k Into $1M In 8 Years, as BNB hits $1,000 ATH

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A long-term cryptocurrency investor has turned $1,000 into $1 million, underscoring the payoff of patient holding strategies in digital assets.

The “diamond hand” cryptocurrency holder turned their original $1,000 BNB (BNB) investment into over $1 million, marking a 1,000-fold return in eight years.

The investor acquired their stash for just $1,000 when the Binance ecosystem’s native token traded for around $1 back in 2017, according to blockchain data platform Lookonchain.

Despite the 1,000-fold return, the trader continues holding their BNB tokens instead of taking profits, according to data from blockchain intelligence platform Nansen.

Wallet “0x850” historical token returns. Source: Nansen

The near $1 million profit comes as the BNB token rose to a new all-time high of $1,005 on Tuesday, according to Cointelegraph data, signaling growing investor expectations for an incoming altcoin season.

BNB/USD, 1-day chart. Source: Cointelegraph

Three weeks ago, Raoul Pal, founder and CEO of Global Macro Investor, predicted that the crypto market is in the “waiting room” ahead of the next phase of the price discovery stage, which may extend the market cycle top to the first or second quarter of 2026.

“Our work suggests (probabilistically speaking) that the cycle extends into Q1 2026 and possibly Q2 2026 due to slow business cycle forcing more liquidity for longer,” he said in an Aug. 29 X post.

Source: Raoul Pal

Related: CZ sounds alarm as ‘SEAL’ team uncovers 60 fake IT workers linked to North Korea

BNB all-time high driven by native utility

A combination of growth factors contributed to BNB’s new all-time high above $1,000, including the token’s native “utility,” according to Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain.

BNB is a “unique” network token with growing utility in centralized exchanges, seeing increased demand from institutional investors due to the “growing momentum of DATs coming in with a focus on high-quality assets like BNB,” Kawadri told Cointelegraph.

“[BNB] continues to see strong growth momentum: more developers, more protocols, more capital, more users.”

This creates a “flywheel for the network and native token,” he added.

Related: SEC approves first US multi-asset crypto ETP, from Grayscale

Source: Changpeng Zhao

“Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain,” said Binance co-founder and former CEO Changpeng Zhao in a Thursday X post.

“We had our challenges along the way, but we worked hard, we built, and we held,” he added.

Magazine: Astrology could make you a better crypto trader: It has been foretold



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BNB price hits $1,000 ATH on growing institutional demand, where will it go from here?
GameFi Guides

BNB price hits $1,000 ATH on growing institutional demand, where will it go from here?

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The Binance Coin (BNB) has finally broken the $1,000 barrier, hitting the four-digit mark for the first time in history.

Summary

  • BNB price hits $1,005, setting a new all-time high amid bullish momentum and favorable macroeconomic conditions.
  • Binance founder Changpeng Zhao (CZ) celebrated the milestone as a true “community effort.”
  • Institutional Interest in Binance Coin has skyrocketed with notable names like B Strategy, CEA Industries, and Nano Labs betting on long-term accumulation.
  • Technical outlook remains bullish, suggesting  a potential run to $1,300.

Binance Coin has soared above the $1,000 mark, hitting a new all-time high of $1,005, driven by a mix of institutional demand, macroeconomic shifts, and surging investor confidence. This milestone marks a major moment for the token, which has been on a relentless uptrend over the past few weeks.

The price rally comes in the wake of the Fed 25bps interest rate cut, which has injected new liquidity into risk markets, including cryptocurrencies. Coupled with renewed optimism in the crypto sector, BNB (BNB) has solidified its position among the top five cryptocurrencies by market cap.

Reacting to the surge, Binance founder Changpeng Zhao (CZ) shared a heartfelt message with the community on X, reflecting on BNB’s journey from its $0.10 to $1,000. He called the moment “something words cannot explain,” and went on to thank the community for their unwavering support. 

“This is just the beginning. To the next 10000x together!,” CZ added.

Institutional tailwinds fuel BNB price boost

Institutional demand for Binance Coin has played a major role in this latest price pump. In August, Nasdaq-listed investment firm B Strategy announced plans to raise $1 billion for the asset’s accumulation via a dedicated treasury company, backed by YZi Labs. The new vehicle will hold BNB in its treasury and strategically invest in the broader BNB ecosystem.

CZ also recently noted that more than 50 Digital Asset Treasury (DAT) firms have expressed similar interest in the asset, signaling growing confidence from major players looking to gain regulated exposure to the asset. Meanwhile, several firms like CEA Industries, Nano Labs, and Windtree Therapeutics have already revealed their long-term positions.

In parallel, Binance Smart Chain’s Total Value Locked (TVL) has increased to $7.93 billion, reflecting increased DeFi activity and liquidity on the network, a key indicator of rising user engagement and real-world use cases.

Adding to the optimism, reports allege that the U.S. Department of Justice is close to lifting its compliance oversight on Binance, a move that could further bolster investor confidence and reduce regulatory overhang.

Technical analysis shows bulls in command

BNB trades at $998.04 by press time, according to market data from crypto.news. The altcoin has witnessed a little correction following its massive uptick past $1,005. However, the momentum remains bullish, with 24-hour gains of 4.46% and roughly 11.2% over the past seven days.

The Relative Strength Index (RSI) sits at 77.02, indicating overbought conditions, which may lead to short-term consolidation. However, a bullish MACD crossover and widening gap between the MACD and signal lines suggest strong upside potential.

Fuelled by institutional interest, BNB could break above $1,100 with the next psychological target at $1,300. On the downside, support lies at $950, $880, and $900.



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Mantle hits new ATH at $1.71 after zero-knowledge rollup upgrade
GameFi Guides

Mantle hits new ATH at $1.71 after zero-knowledge rollup upgrade

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Mantle’s token, MNT, reaches a new all-time high at $1.71 after the network recently completed its mainnet upgrade using OP Succinct, becoming the largest zero-knowledge rollup with over $2 billion in total value locked.

Summary

  • Mantle Network recently completed its upgrade into a ZK Rollup mainnet by integrating itself with OP Succinct’s technology, becoming the largest ZK Rollup with $2 billion in TVL.
  • The upgrade gave a much needed boost to MNT, catapulting it to a new all-time high at $1.71.

In a press release, it was revealed that Mantle Network recently completed its transition into a ZK rollup. The transition was made possible through OP Succinct, a technology developed by Succinct that enables Optimism-based rollups to adopt ZK proofs.

This upgrade skyrockets the protocol’s initial $217.98 million TVL on DeFi to $2 billion in value, making the combined entity the largest the world’s largest zero-knowledge rollup by TVL, with over $2 billion secured by Succinct’s technology.

“They realized that ZK was a hard requirement. With today’s protocol upgrade, they have laid the foundation for their next chapter. OP Succinct is now on Mantle mainnet,” said Edward Li, Growth and BD Lead of Succinct in his statement.

The transition to ZK rollup introduces faster settlement and lower transaction costs on the ecosystem. Mantle now offers one-hour finality and six-hour withdrawals, a significant leap compared to the seven-day exit periods common on other layer-2 networks.

Not only that, proving costs have also been reduced, with fees lowered to around $0.002 per transaction, making ZK technology more accessible to users.

Moving forward, Mantle is set to position itself as a “Liquidity Chain” that aims to attract decentralized finance, real-world asset projects, and institutional adoption. The faster and more secure settlement offered by ZK proofs is seen as a key requirement for this vision.

Mantle price hits new all-time high at $1.71

According to data from TradingView, the upgrade has been a major catalyst that has spurred renewed investor confidence. MNT (MNT) has seen strong momentum in recent days, reaching a new all-time high following the network’s mainnet transition into a ZK rollup. On Sept. 16, it reached an all-time high at $1.71, breaking through the psychological ceiling of $1.70 for the first time.

MNT surged by over 8% at its peak during the upgrade news, pushing to fresh highs before stabilizing near the $1.69 level. It has remained stable, only dipping slightly by 0.07% in the past 24 hours.

The token’s Relative Strength Index or RSI shows a modest reading around 55, suggesting that despite the strong upward move, the token is not yet in overbought territory. This implies there may still be room for continuation if buying pressure sustains.

Price chart for Mantle’s token which reached an all-time high after news of the network upgrade | Source: TradingView

If MNT can maintain its hold above the $1.65 to $1.70 support zone, it could serve as the base for the token to reach beyond the current all-time high.

However, given the sharp run-up, short-term volatility is likely as traders take profit around the highs. Sustained demand and positive sentiment around Mantle’s ZK transition will be key factors in determining whether the token can build on its new all-time high or consolidate before its next move.

Overall, Mantle continues to be swayed by news-based hype. As proven by its previous run-up to an all-time high at $1.65. This rally was fueled by the momentum garnered from its expanded partnership with crypto exchange Bybit. At the time, the token surged by 18% within 24 hours.



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Can PUMP price hit a new ATH amid whale selloff?
GameFi Guides

Can PUMP price hit a new ATH amid whale selloff?

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PUMP price rallied over 70% in the past week, driven by its aggressive buyback strategy, even as whales booked profits en masse.

Summary

  • PUMP price is up over 70% on the weekly time frame.
  • Whales and smart money have been dumping their PUMP holdings.
  • PUMP is trading within an ascending parallel channel pattern, which could position it for a 20% upside rally.

According to data from crypto.news, Pump.fun (PUMP) was trading at $0.0083 last check Sep. 16 afternoon Asian time, up 71% over the past week and 260% from its lowest point in July. At this price, the token is just 5.4% below its recent all-time high of $0.0088. 

However, PUMP’s current rally could face the risk of a pullback as whales have started offloading their holdings lately. 

Data from Nansen shows that the total amount of tokens held by whale wallets has dropped 25% over the past seven days to 19.39 billion. At the same time, tokens held by Smart Money wallets and public figures’ wallets have also declined by 48% and 9%, respectively.

Source: Nansen

Even though sell-offs from whales and high-profile holders often trigger retail FOMO, which leads to increased selling pressure, so far, it has failed to hamper PUMP’s upside rally.

Pump’s price rally over the past week has been fueled by several catalysts, with the most prominent being Pump.fun’s aggressive buyback program initiated in early July. As per reports, the project has purchased nearly $95 million worth of PUMP tokens from the open market since it began the strategy.

When a project repurchases its own tokens, it reduces the number of tokens available in circulation. Such a reduction in supply increases scarcity, which can help support the token’s price if demand continues to remain high, as is the case with PUMP.

Another factor that has been fueling PUMP price is the introduction of a new creator revenue-sharing program along with the reactivation of its livestreaming feature on the platform. Notably, Pump.fun now allocates 50% of its PumpSwap DEX revenue directly to builders on the platform, giving them a strong incentive to remain active within the ecosystem.

In a recent X announcement, the platform revealed it paid out over $4 million to creators this week alone, the majority of which went to first-time creators. The development suggests that Pump.fun is aiming to support emerging builders on the platform, which has helped enhance user engagement and add further hype around the token.

Other bullish developments include PUMP securing a listing on Binance, the world’s largest crypto exchange, and its mobile app nearing the top 100 ranks. Both milestones have boosted the token’s visibility, which in turn could attract more investors.

That being said, once selling pressure wanes, the bullish developments surrounding the token could provide the foundation for its next leg higher.

On the 4-hour chart, PUMP price has formed an ascending parallel channel pattern over the past week. An ascending parallel channel is a bullish continuation pattern formed when an asset’s price trades within a channel formed by higher highs and higher lows.

PUMP price has formed an ascending parallel channel pattern on the 4-hour chart — Sep. 16 | Source: crypto.news

In the meantime, PUMP’s 50-day simple moving average was above the 200-day SMA, thereby completing a golden cross. When this signal appears, it is often a sign that market sentiment may be shifting from bearish to bullish.

On the daily timeframe, the MACD lines have formed a positive crossover. This adds to the bullish bias, reinforcing the possibility of continued upward momentum as traders respond to improving technical conditions and renewed buying interest.

PUMP MACD chart — Sep. 16 | Source: crypto.news

Provided PUMP remains within the ascending parallel channel, the next target is the psychological resistance at $0.01, about 20% above the current level. A breakout above this with strong volume would put the token into short-term price discovery.

On the other hand, if the price falls below $0.007, the 78.6% Fibonacci retracement level, the setup would be invalidated and could lead to a drop toward $0.0065, the next retracement support.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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Best Crypto to Buy After TOTAL2 Chart Hits New ATH: Altcoin Boom Incoming?
GameFi Guides

Best Crypto to Buy After TOTAL2 Chart Hits New ATH: Altcoin Boom Incoming?

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An altcoin season has been in the oven for quite some time now. And the latest breakout of the TOTAL2 chart could be one of the biggest confirmations that 10-100x gains are now closer than ever.

The TOTAL2 chart, also known as the altcoin chart, tracks the total market capitalization of all the cryptos except Bitcoin.

Just yesterday, it created a new all-time high, when it breached the $1.7T mark – its previous ATH that was set way back in November 2021.

Both experts and everyday crypto enthusiasts are now looking at this as the perfect time to stack their portfolios with some low-cap, high-upside altcoins.

Read on as we unpack more details about the upcoming alt season. Plus, we’ll also point you towards the best cryptos to buy right now.

Historical Data Suggests Altcoin Market Cap Could Gain 260%

The last time the TOTAL2 chart broke a major ATH was back in 2021, when it crossed the $475B mark set in 2017. That resulted in a 260% move after the breakout.

And what’s happening right now looks so similar. How? Because this time too we’re breaking a 4-year long ATH.

Merlijn The Trader, a crypto analyst with nearly 394K X followers, highlighted that the current breakout is coming from a long-drawn Cup and Handle pattern.

Source: @MerlijnTrader on X

According to classic technical analysis, we can measure the cup’s width and add that distance to the breakout point to calculate a potential target.

This target comes out to be a whopping $6T, which happens to be a neat 260% gain from current levels. An extraordinary confluence!

Looking to make the most of this altcoin season? Here are three of the best altcoins you should consider including in your portfolio.

1. Bitcoin Hyper ($HYPER) – New BTC Layer 2 for Speed, Scalability & Web3

Don’t mistake Bitcoin Hyper ($HYPER) for just another BTC-themed crypto looking to ride the altcoin boom.

This new cryptocurrency project is filled to the brim with utility, seriousness, and backing from deep-pocketed investors.

$HYPER is building a new Layer 2 solution for Bitcoin, aiming to solve the network’s long-standing issues of speed, cost, and programmability.

Right now, Bitcoin is the slowest mainstream crypto. It processes just 7 transactions per second (TPS), as opposed to Solana’s 65K.

$HYPER will act as a fast side lane, executing thousands of transactions at once, and that too, while retaining Bitcoin’s top-notch security.

Plus, thanks to Bitcoin Hyper’s Solana Virtual Machine (SVM) integration, developers will now be able to build smart contracts and decentralized applications on Bitcoin.

This will unlock a never-before-seen Web3 environment on Bitcoin, with DeFi trading, NFTs, lending, staking, swapping, DAOs, and gaming.

Currently in presale, Bitcoin Hyper has already pulled in over $15.66M from early investors, with each token priced at just $0.012915.

According to our Bitcoin Hyper price prediction, the token could hit $0.32 by year-end, churning out a mind-blowing 2,400% ROI.

Interested? Here’s our detailed guide on how to buy Bitcoin Hyper.

Visit $HYPER’s official website to learn how you can use its Canonical Bridge to interact with Bitcoin’s new Web3.

2. Snorter Token ($SNORT) – Powering a New Telegram Trading Bot for Meme Coin Sniping

Snorter Token ($SNORT), like Bitcoin Hyper, combines great memetic appeal (thanks to its wholesome aardvark) with a potentially revolutionary mission.

$SNORT is the firepower behind Snorter Bot, a brand-new Telegram trading bot built to eliminate the dominance of crypto whales in the meme coin trading space.

Snorter lets you place buy/sell trade orders well before liquidity kicks in. Then, it automatically executes those orders once liquidity arrives.

The result? Retail participants can finally participate in early meme coin pumps, which is usually where the wildest gains come from.

Even better? Snorter is just as secure as it is easy to use. In addition to safeguards against rug pulls and honeypots, the bot will also protect you from front-running and dangerous sandwich attacks.

With over $3.9M in early funding so far, Snorter Token is undoubtedly one of the best low-cap coins to buy right now.

1 $SNORT is currently available for just $0.1043, and according to our Snorter Token price prediction, a $100 investment right now could turn into $900 by the end of 2025.

Beyond handsome gains, buying $SNORT will also unlock advanced analytics, reduced trading fees (just 0.85%), staking rewards (currently 119%), and no daily sniping limits.

Check out Snorter Token’s official website to find out all the benefits of this new Telegram trading bot.

3. Moo Deng ($MOODENG) – Viral Animal-Themed Meme Coin with a Fresh Breakout

Moo Deng ($MOODENG) could be just the best meme coin to include in your crypto portfolio for the upcoming altcoin season.

Complementing your portfolio with a pure hype-fueled meme coin like $MOODENG is a smart way to churn out outsized returns.

Well, aren’t pure meme coins risky? Sure, but that’s why it’s advised to only allocate a small percentage of your portfolio to them.

Moo Deng, in particular, is based on a viral cute-looking, playful baby pygmy hippopotamus named, well, Moo Deng.

The token debuted in September 2024 and shot up nearly 3,000% in just a few weeks. Then came a deep correction.

However, after an explosive May, $MOODENG is now looking extremely bullish. For instance, it has gained over 58% in just the last seven days.

The best part? It has just broken out of a major resistance – a downward-sloping trendline – and now looks primed for at least a 300% rally from current levels.

Want in? Buy $MOODENG on OKX, or any of the other crypto exchanges it’s listed on.

Disclaimer: Crypto investments are highly risky due to the market’s volatility. This article is not financial advice. Kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/best-crypto-to-buy-after-total2-chart-new-ath-altcoin-boom-incoming

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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HYPE HITS ATH, NASDAQ WANTS STOCK TOKENISATION, WLD SOARS
NFT Gaming

HYPE HITS ATH, NASDAQ WANTS STOCK TOKENISATION, WLD SOARS

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Crypto continues to edge higher, alts outperform. NASDAQ files with SEC for tokenisation of stocks. HYPE $55, hits ATH amid native stablecoin proposals. Ledger CTO sounds alarm after supply-chain attack. SwissBorg suffers $40m hack. Russia accuses the US of weaponising stablecoins. Congress seeks report on details of BTC reserve. SEC Crypto task force discusses crypto x AI. Strategy buys $217m BTC. WLD +40% as Eightco raises $250m for treasury. Ant Digital puts $8.4b energy assets on blockchain. MegaETH launches USDm stablecoin with Ethena. Justin Sun backed stablecoin launches on Ethereum. CoinShares to move listing to US exchange. Ripple extends crypto partnership with BBVA. Kazakhstan announces National Crypto Fund



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Ethena price nears 80% breakout as key metrics hit ATH
NFT Gaming

Ethena price nears 80% breakout as key metrics hit ATH

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Ethena price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high.

Summary

  • Ethena price could jump by 80% this year as its total value locked soars.
  • It has jumped to over $12.8 billion, up from the year-to-date low of $5 billion. 
  • StablecoinX is raising more money to accumulate more ENA tokens.

Ethena (ENA) token jumped to $0.7660, up by over 230% from its lowest point this year. This recovery pushed its market cap to over $5.8 billion and its fully diluted valuation to $11.1 billion. 

Ethena price has jumped amid the ongoing ecosystem growth, with the total value locked soaring to a record high of $12.85 billion, much higher than the year-to-date low of $5.5 billion. Its TVL has been on an upward trajectory since 2024, when it started the year at $79 million. 

The TVL is driven by its USDe synthetic stablecoin that is held by almost 800k users and has an annual return of 7%, higher than the government bond yield of 4%. 

This growth has led to more fees and revenue in the network. Its fees in the third quarter so far is $109 million, higher than the $27 million it made in the same quarter last year. Its revenue so far is $7.65 million, up from $1.15 million in Q2.

ENA price has also jumped amid the ongoing accumulation by StablecoinX, which is raising $530 million. It has already raised $895 million in financing, which will see it add over 3 billion tokens to its balance sheet. 

StablecoinX Inc. @stablecoin_x has announced an additional $530 million capital raise as part of its $ENA accumulation strategy.

To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA… pic.twitter.com/pdkl1D8u5x

— Ethena Labs (@ethena_labs) September 5, 2025

These acquisitions will boost ENA’s demand at a time when whales have continued to accumulate it. They now hold 57 million ENA tokens, up by over 32% in the last 30 days.

Ethena price technical analysis 

ENA price chart | Source: crypto.news

The daily timeframe shows that the ENA price has strong technicals that may push it much higher in the coming weeks. It has formed a double bottom pattern at $0.2490 and a neckline at $0.4570. 

The coin formed a golden cross pattern in July as the 50-day and 100-day moving averages crossed each other. Most recently, it has formed a bullish flag pattern and has moved above the upper side of its channel.

Therefore, the token will likely have a strong bullish breakout, with the initial target being at $0.8595, the upper side of the flag. A move above that price will push it to the resistance point at $1.3255, its highest point in November last year, which is about 80% above the current level. 





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