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Can BTC hold $120K and rally?
NFT Gaming

Can BTC hold $120K and rally?

by admin



Summary

  • Bitcoin price prediction analysts note BTC trading near $122K in early October after a quiet September, with momentum building again.
  • BTC faces resistance at $124K, supported by strong institutional buying via spot ETFs and whale accumulation.
  • A breakout above $124K could lead to targets at $126K.
  • Downside risk includes a possible retest of support near $117K if selling pressure increases.
  • Overall, the Bitcoin outlook remains bullish as long as momentum and ETF inflows continue.

Bitcoin is trading near $122K in early October after a mixed and relatively “cool” September. Despite some sideways action last month, momentum is building again. A combination of spot Bitcoin ETF inflows and sustained whale accumulation continues to provide a bullish projection for the world’s leading cryptocurrency.

With October underway, traders are watching closely to see if Bitcoin can revisit its all-time high, or at minimum, retest the highs it hit back in August.

Today’s Bitcoin price prediction scenario

Bitcoin (BTC) is trading in a narrow range, holding above $122K but facing resistance at $124K. This back-and-forth action shows some market hesitation, but momentum seems to be shifting toward buyers.

BTC 1-day chart, October 2025 | Source: crypto.news

Institutional buying through spot ETFs has been a key factor driving the push toward $120K, highlighting strong demand.

Upside outlook

Breaking above $124K would confirm a bullish trend and clear the way for more upside moves. Important targets include $123K and August’s all-time high at $124.2K. Staying above those levels would build confidence in the rally and push the BTC price forecast toward $125,000 and beyond.

This bullish expectation is supported by healthy spot ETF inflows and rising futures open interest, showing increased institutional demand. If momentum holds, Bitcoin could finish Q4 strong, a period that’s historically favorable.

Downside risks

Should selling increase, Bitcoin may test the $117K support level, which has been a solid buying zone in the past. Breaking below it could cause some short-term downside pressure, particularly if worries about inflation or rates return. 

Still, thanks to steady ETF inflows and better market sentiment, Bitcoin’s push back toward $120K seems likely.

Bitcoin price prediction based on current levels

Watch the $117K to $124.2K range closely. Breaking and holding above August’s all-time high at $124.2K coud find a higher high of $125K. If resistance proves too strong and selling picks up, Bitcoin could fall back toward $117K support.

Still, the Bitcoin outlook stays positive, with a bullish long-term view as long as the current momentum continues.

Bottom line

Bitcoin is testing a major resistance zone, and what happens next could define market direction for the coming weeks. A breakout may open the door to more upside, while a failure to push through could bring BTC back toward support.

Healthy ETF inflows and ongoing institutional interest keep the Bitcoin price prediction leaning positive. Even with some short-term corrections, the longer-term projection still favors growth.

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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Crypto Trends

XRP Reclaims Crucial Price Support: Can Bulls Hold the Line?

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In brief

  • XRP surged above $3 today after weeks of sideways actions and bearish sentiment.
  • Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2.
  • The charts suggest caution. Here’s why.

After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run at the ever important $3.00 per coin mark.

XRP is up 4% today trading just above $3.00, climbing more than 9% over the last 30 days. It’s enough to claim a top 3 spot in the crypto market, with a market cap above $182 billion.

The move comes as the broader crypto market shows signs of life, with Bitcoin holding steady above $110,000—just above $120K right now—and institutional interest in XRP derivatives reaching new highs with CME’s upcoming 24/7 futures launch.

So are the good times back again for the XRP Army as we march into ‘Uptober’?

On Myriad, a prediction market built by Decrypt’s parent company Dastan, traders are leaning slightly bullish on the Ripple-linked token at the moment. Traders have set the line at 55% that XRP sooner pumps to $4 than dives all the way back down to $2. Those odds have completely flipped relative to where they were just last week, when traders had placed a 56% chance of XRP plummeting.



In other words, the market now appears to see stronger potential for upside on XRP but Myriad traders aren’t yet willing to bet the farm on it. What do the charts have to say about it?

XRP price: Mixed signals beneath the surface

Today’s candlestick shows XRP climbing from an opening price of $2.9485 to test intraday highs of $3.0599—a 3.8% spike from the daily low of $2.9424. This is basically a continuation of a price bounce that started on September 26 when XRP was trading at around $2.70.

While the price action looks encouraging on the surface, a deeper dive into the technicals reveals a more nuanced picture that should give bulls pause before declaring victory.

The charts reveal XRP trapped in a horizontal channel following a descending triangle pattern that was in place since the July highs near $3.80. Today’s move brings the token right to the upper boundary of this channel, creating a critical inflection point that could determine the next major move.

XRP price data. Image: Tradingview

The Average Directional Index, or ADX, for XRP sits at a concerning 14, well below the 25 threshold that confirms trend strength. ADX measures trend strength regardless of direction, with scores above 25 signalling to traders that an actual trend is in place.

This weak reading for XRP suggests the market lacks conviction despite today’s gains—traders typically view ADX below 20 as a sign of directionless, choppy price action where false breakouts are common. Think of it as a car engine running but not in gear; there’s energy but no clear direction.

Meanwhile, the exponential moving averages tell a more optimistic story. Exponential moving averages, or EMAs, give traders an idea of where the price supports and resistances are based on average prices over the short, medium, and longer term.

The 50-day EMA for XRP is hovering around the $3.00 zone, and that’s providing dynamic resistance that coincides perfectly with the psychological round number. This confluence creates a formidable barrier that bulls must decisively conquer. The good news? The 200-day EMA sits comfortably lower at around $2.70, offering a solid safety net well above the bearish threshold. When the 50-day EMA trades above the 200-day, as it does here, it typically signals the longer-term uptrend remains intact even if short-term momentum wavers.

Things are so trendless that both EMAs are running in parallel right now.

The Relative Strength Index, or RSI, is at 57, which places XRP in neutral territory—not overbought enough to trigger profit-taking, but not oversold enough to attract bargain hunters.

All things considered, traders would largely consider this to be an obvious compression scenario. Some may opt to do small trades with supports and resistances acting as triggers for stop loss and take-profit orders, so that this “boring” phrase can be somewhat profitable.

The Squeeze Momentum Indicator showing “on” status would also support this thesis. Combined with all the other neural indicators, this could suggest we’re approaching a decisive moment—but the weak ADX warns the breakout attempt could fail.

To 3 or not to 3, that is the question

Here’s the reality check: $3.00 might be asking too much from XRP right now based on current conditions. The convergence of the 50-day EMA with this psychological level creates a double whammy of resistance that’s proven stubborn in recent attempts. If the coin continues trading sideways, this barrier could hold firm, potentially sending XRP slightly lower to test support.

However, experienced traders would likely avoid opening overly leveraged positions that trigger liquidation near this priceline. This support is weak, and the coin may trade below it without turning bearish in the short term.

The silver lining? The $2.70 zone offers much more solid footing. Not only does this level sit comfortably above the 200-day EMA (maintaining the bullish structure), but it also aligns with previous consolidation areas that have acted as springboards for rallies. This means even if bulls can’t hold $3.00, the correction should find buyers before turning truly bearish.

XRP’s 3% pop today is likely encouraging for bulls, but the technical picture suggests a more cautious approach may be prudent. The ADX at 14 shows this isn’t a trending market yet so neither bulls nor bears have control. The Squeeze indicator warns a big move is coming, but weak momentum metrics suggest it might not be the bullish breakout holders are hoping for.

Smart money should watch for a few daily closes above $3.10 with rising ADX as confirmation of a legitimate breakout. Otherwise, expect more sideways grind with $2.70 as the line in the sand bulls must defend.

Key levels to watch:

  • Resistance: $3.06 (immediate), $3.14 (channel top), $3.31 (breakout target)
  • Support: $2.95 (EMA50), $2.70 (strong support), $2.60 (200-EMA zone)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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DeFi Dev Corp lifts Solana treasury to $317m with new purchase
NFT Gaming

Solana price breaks $220 amid ETF buzz, can the rally hold?

by admin



Solana price is back in an uptrend, posting fresh gains as ETF optimism drives market momentum.

Summary

  • Solana price soars past $220, trading above $225 with a 7.6% daily gain.
  • Industry analysts have placed the approval odds for SOL ETF at 100%.
  • Grayscale’s Solana ETF, set for October 10, is the first in line.
  • RSI and MACD support bullish momentum with the $240–$245 region as a potential target.

Solana price has pushed past the key $220 level, hitting an intraday high of $226.7 as investor sentiment strengthens. At the time of writing, SOL trades at $225.39, marking a 7.62% increase on the daily chart and a 6.86% rise over the past week.

Solana price surges as ETF odds rise to 100%

The daily chart reflects bullish conviction, with a strong candle closing above prior resistance and accompanied by a notable spike in trading volume.

Solana price chart | Source: crypto.news

Technically, SOL’s uptrend appears intact. The Relative Strength Index (RSI) stands at 54.71, signaling bullish momentum with room to run before entering overbought levels. The Moving Average Convergence Divergence (MACD) is also showing positive signs, with the MACD line nearing a bullish crossover above the signal line.

The ongoing Solana (SOL) price rally comes amid growing optimism surrounding the launch of a Solana exchange-traded fund (ETF). Bloomberg ETF analyst Eric Balchunas recently raised the odds of a Solana ETF approval to 100%, citing new generic listing standards adopted by the U.S. Securities and Exchange Commission. These streamlined regulations have removed many of the traditional barriers that delay ETF approvals.

First SOL ETF deadline comes up Oct 10 

Eight asset managers, including Franklin Templeton, VanEck, and 21Shares, have filed for a SOL ETF with several issuers already submitting revised filings in alignment with the SEC’s new guidelines. The first deadline is Oct 10 for Grayscale’s SOL ETF, while most others are set for Oct 16. If approved, the listing could inject fresh capital and propel Solana price to new highs.

For the rally to continue, buyers will need to overcome immediate resistance at $230, the upper boundary of Solana’s recent trading range. A successful breakout could lead to a climb toward the $240–$245 region, aligning with September’s peak levels. 

On the downside, the $220 zone now acts as the first line of support, with stronger demand expected near $210 if profit-taking intensifies. While momentum is clearly building, much of the rally hinges on a SOL ETF approval and sustained market interest.



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Tether (CoinDesk)
GameFi Guides

Corporate Clients Hold Up to 15% of Assets on Mercado Bitcoin, Exchange Exec Says

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Corporate clients, mainly small and medium enterprises, account for between 10% and 15% of all assets under custody on Mercado Bitcoin, Brazil’s largest crypto exchange, according to Daniel Cunha, the firm’s head of corporate development.

“These companies barely move more than 10% of their holdings at any given time,” Cunha told CoinDesk in an interview at the exchange’s DAC 2025 conference. “They’re here to hold, not trade.”

The firms are primarily using bitcoin to protect their cash reserves from global volatility, he said, citing growing concern over inflation, currency devaluation and geopolitical instability.

The trend grew when companies like Strategy (MSTR) started adopting bitcoin as a corporate treasury asset. Strategy now holds 639,835 BTC, making it the world’s largest corporate holder of the cryptocurrency. Publicly-traded companies, as a whole, hold over 1 million BTC, but how much small and medium enterprises hold isn’t known.

Cunha did not reveal the exact figures these companies were holding on Mercado Bitcoin. Brazil has a history of cryptocurrency adoption, ranking fifth in Chainalysis’ Global Crypto Adoption Index, yet it only has one publicly-traded company holding BTC, Méliuz. OranjeBTC is set to soon list on Brazil’s B3 exchange to become the country’s largest publicly traded corporate holder of the cryptocurrency with $400 million in its treasury.

Cunha said these companies aren’t chasing yield or experimenting with altcoins, but rather are focusing on BTC and stablecoins like USDT and USDC to manage their treasuries. These holdings serve conservative, cash-management purposes rather than speculative plays.

The rise in institutional activity is also having a side effect: it’s reducing the overall volatility of crypto markets, Cunha said. That’s making bitcoin a more appealing option for treasurers, even asthe enterprise segment in Brazil is still just starting to adopt crypto.

“The big guys in Faria Lima? They’re on the sidelines,” he said, referring to the financial district in Brazil’s largest city São Paulo often compared to Wall Street. “They haven’t moved yet. It’s all waiting to happen.”



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Bitcoin Fails To Hold $110K, Here’s Why
Crypto Trends

Bitcoin Fails To Hold $110K, Here’s Why

by admin



Key takeaways:

  • Strong US economic data and rising gold prices shift investor focus away from Bitcoin’s upside.

  • Regulatory uncertainty and vague US Strategic Bitcoin Reserve plans keep BTC price down despite macro tailwinds.

Bitcoin (BTC) failed to reclaim the $110,000 level on Friday, despite high expectations from traders following the monthly BTC options expiry. Hopes for a post-expiry rally were dashed as bearish momentum continued, driven by several headwinds, including macroeconomic data and a possible investigation targeting listed cryptocurrency treasury companies.

The US Commerce Department reported Friday that the Personal Consumption Expenditures (PCE) price index rose 2.7% in August compared to the previous year, matching economists’ forecasts. Persistent inflation is one of the reasons the US Federal Reserve remains cautious about lowering interest rates.

Bitcoin fails to keep up despite gold nearing a record high

Traders have dialed back their expectations for interest rates to fall to 3.75% or lower by the end of the year, based on futures markets.

Implied odds for Dec. 10 US Fed meeting. Source: CME FedWatch

The CME FedWatch tool currently shows a 67% implied probability of two 0.25% rate cuts by year-end, down from 79% just a week ago. Bitcoin traders’ frustrations were further amplified as gold surged to $3,770 on Friday, just 0.5% shy of its all-time high, signaling that investors are leaning toward traditional safe-haven assets amid uncertainty.

The S&P 500 posted gains on Friday after data showed a 0.6% rise in US consumer spending for August. Economists had previously anticipated a slowdown in spending toward year-end, citing rising prices and concerns over a weakening labor market, according to Yahoo Finance.

US annualized gross domestic product (GDP) growth. Source: DerivativePath

A strong US economy tends to support stock markets by driving corporate earnings and lowering perceived risk, particularly amid growing worries about the escalating trade war. US President Donald Trump’s administration recently introduced another round of import tariffs, including a 100% duty on patented pharmaceuticals.

Regulatory pressure and policy delays frustrate Bitcoin traders

Beyond macroeconomic factors, the cryptocurrency market has faced its own challenges, adding further pressure to Bitcoin’s already struggling price.

Largest Bitcoin holdings by public companies. Source: Bitbo.io

A Wall Street Journal report on Thursday revealed that several cryptocurrency treasury firms had been contacted by US regulators. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority reportedly raised concerns about unusually high trading volumes prior to corporate announcements.

Regulations prohibit public companies from selectively disclosing material, nonpublic information—prompting suspicion over sharp gains in certain listed stocks days before relevant disclosures. “It’s typically the first step in an investigation. Whether it goes full, full length, it’s anybody’s guess,” David Chase, a former SEC enforcement attorney, told WSJ.

Related: Crypto markets are down, but corporate proxies are doing far worse

Traders are also growing increasingly frustrated with the lack of follow-through on the US strategic Bitcoin Reserve plan. Although the Executive Order signed in March referred to “budget-neutral” strategies to accumulate Bitcoin, no concrete steps have been announced. Despite repeated promises to audit the government’s cryptocurrency holdings, no action has been taken.

In the end, Bitcoin’s price continues to face pressure from a favorable macroeconomic backdrop supporting the stock market and mounting uncertainty from a possible SEC investigation and the opaque status of US Bitcoin reserves.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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Last Chance for Ethereum? ETH Price Pattern Breaks Down as $4K Must Hold
Crypto Trends

Last Chance for Ethereum? ETH Price Pattern Breaks Down as $4K Must Hold

by admin



Key takeaways:

  • ETH risks a 15% correction toward $3,560 after breaking below its symmetrical triangle pattern.

  • Bulls must defend the ascending trendline support to avoid a deeper decline.

Ethereum’s Ether (ETH) token price has plunged by more than 7.50% this week, led by de-risking sentiment across the crypto market.

ETH/USD daily price chart. Source: TradingView

Moreover, technical analysis shows that the ETH price drop has triggered a classic bearish reversal setup that risks more downside ahead.

Ether price risks 15% drop in the near term

Ethereum’s breakdown from the symmetrical triangle tilts the short-term outlook bearish. Typically, such patterns resolve in the direction of the prevailing trend, but a downside breach can flip the pattern into a reversal signal.

The measured move from this triangle setup points toward $3,560, suggesting ETH could fall another 15% from current levels before October if selling pressure persists.

ETH/USD daily price chart. Source: TradingView

The target falls in the support range that analyst Michaël van de Poppe highlights.

In his Tuesday post, the chartist discusses the prospects of the ETH price falling inside the $3,550-3,750 area, noting the 20-week exponential moving average (20-week EMA; the blue wave in the chart below) at around $3,685.

ETH/USD weekly price chart. Source: TradingView/Michaël van de Poppe

“Compression is building up –> Big move to occur at a later time,” Poppe says, adding:

“It’s now down nearly 20% from the high, not a bad spot to be accumulating your first positions.”

However, the bulls have one line of defense despite the triangle breakdown setup.

ETH is hovering near a rising trendline that has underpinned its uptrend since April, and preceded 90-125% rallies.

ETH/USD daily price chart. Source: TradingView

A bounce from the trendline, followed by a decisive close above the 50-day exponential moving average (50-day EMA; the red wave) near $4,250, could trigger an extended recovery toward the triangle’s upper trendline, aligning with the $4,600-4,700 range.

Ethereum rebound could extend to $7,000

Bouncing from the ascending trendline support increases Ether’s odds of hitting a new record high at $7,000, according to a separate analysis shared by Crypto GEMs.

The outlook is based on the Wyckoff Accumulation method, which suggests ETH has already completed its “spring” and “test” phases earlier this year.

These phases typically mark the end of a bearish cycle and the beginning of a sustained markup.

ETH/USD daily price chart. Source: TradingView

In this framework, Ethereum’s recent decline represents the “Last Point of Support” (LPS), a healthy retest of a former resistance level before price resumes higher.

The setup puts ETH on course for a breakout rally targeting the $7,000 area if validated.

Related: ETHZilla unleashes fresh $350M war chest for Ethereum bets

That means at least 65% gains by 2025’s end, echoing several other ETH price targets shared by analysts earlier this year.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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Central Banks Could Hold Bitcoin Like Gold By 2030: Deutsche Bank
Crypto Trends

Central Banks Could Hold Bitcoin Like Gold by 2030: Deutsche Bank

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In a recent report, Deutsche Bank, one of the biggest investment banks in the world, gave a prediction that the central banks could soon start holding Bitcoin just like they hold gold, and this might happen by the year 2030.

The research has become a topic of discussion among crypto investors, after Matthew Sigel, head of digital asset research at VanEck, pointed it out in public, and it picked up interest because this would be the first time central banks use Bitcoin as part of their official reserves.

Matthew Sigel shares the research on X | Source: X

Bitcoin Will Stand Beside Gold, Not Replace It

The bank explained that Bitcoin will not fight Gold for position but will instead stand beside it. Moreover, both assets are seen as “safe” places to keep value during hard times in the economy. The report said that the central banks may slowly add more Bitcoin and gold into their reserves.

“So long as we are human, Bitcoin and other alternative assets will likely continue to compete for our attention.” Deutsche Bank wrote.

One reason behind this idea is due to Bitcoin’s limited supply. Out of its maximum cap of 21 million coins, nearly 19.92 million are already in circulation, which means about 95% is already unlocked. The final 5% will only be mined over the next 115 years, which would make the cryptocurrency scarce as time goes on. 

With its current market cap standing at $2.2 trillion, the bank said scarcity and its reputation as a hedge against inflation could drive governments to include it in their reserves.

Lessons from Gold’s Past

The report also compared Bitcoin to gold’s early history. At an early stage, Gold was not always trusted, it faced doubts from investors and saw huge drops in its price. 

It even went through a 60% price fall between 1980 and 2001 before becoming one of the most important assets in the world. Today, the asset is worth more than $20 trillion.

Deutsche Bank believes Bitcoin is following a similar path, with regulation, and liquidity helping it mature. The bank also stressed that Bitcoin’s volatility will ease as adoption grows, just like gold became more stable over time.

The research further pointed out that both assets are hitting record highs. In 2025, gold climbed to $3,703 per ounce, while Bitcoin reached $123,500 per coin. The bank said this thanks to the weakness in the dollar, as well as doubts about the independence of the US Federal Reserve.

However, Deutsche Bank notes that Bitcoin and gold will not replace the US dollar. Instead, the dollar will stay the main reserve, while gold and Bitcoin act as extra safe assets.

Also Read: Michigan’s Bitcoin Reserve Bill Progresses after Months of Delay



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GameFi Guides

DOGE ETF To Launch as First US Fund to Hold Asset With ‘No Utility’

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In brief

  • Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.”
  • ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings.
  • Initial institutional adoption is initially, but market cap growth could attract attention, Decrypt was told.

A first-of-its-kind Dogecoin exchange-traded fund is set to hit U.S. markets on Thursday, with Bloomberg’s Eric Balchunas flagging the Rex-Osprey Doge ETF (ticker: DOJE) as the launch vehicle.

“Pretty sure this is first-ever U.S. ETF to hold something that has no utility on purpose,” Balchunas tweeted Tuesday, announcing the fund’s debut. 

The fund is expected to list using the Investment Company Act of 1940 framework that REX-Osprey previously used for its SOL + Staking ETF (SSK), rather than the Securities Act of 1933 path used by commodity-style grantor trusts.



Ganesh Mahidhar, investment professional at Further Ventures, told Decrypt that “ETFs under the Investment Company Act of 1940 have mandates around diversification and more governance requirements broadly, as compared to those launched under the 1933 securities act.” 

“In a way, regulating it under the 1940 act provides more investor protection and imposes a registered investment structure on the SPV offering it,” he added. 

He explained this framework “demarcates the ETF as being more similar to stock and bond ETFs as compared to the BTC ETF, which resembles a commodity ETF.”

However, the meme coin classification raises questions about whether similar approvals await other similar cryptos. 

Dogecoin “follows the proof of work consensus, same as BTC,” and “has a floor in terms of the power being consumed to produce it,” Mahidhar noted.

“This separates Dogecoin from Shiba Inu and Pepe, which run on proof of stake and ‘don’t have the same baseline,’ making them more vulnerable due to ‘lack of utility,’ though Mahidhar noted app-chain and layer-2 projects could still push gaming or gambling use cases.”

Institutional portfolios are “unlikely to touch the ETFs at this stage,” but if their market cap becomes significant, “there is a possibility that some attention goes to them,” he said.

“What matters more is their price action and volatility in this case, and an eventual utility if such does happen,” the investment professional added.

The listing comes as over 90 crypto ETF proposals await SEC decisions, including pending applications for Solana and XRP funds with deadlines extending into October. 

REX Shares has also filed for multiple crypto ETFs in January, including Trump, BONK, and additional Dogecoin products, just days after Gary Gensler departed from the SEC.

On the crowded SEC docket, Mahidhar added he’s a “firm believer” that ETFs are the universal wrapper and sees no reason “any such ETF should not be accepted” as markets migrate from cash-flow to liquidity-based value concepts.

DOGE is changing hands for around $0.24, up 1.4% on the day and 11.7% on the week, according to CoinGecko.

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Solana’s Alpenglow upgrade vote passes with 98% approval
Crypto Trends

13 entities now hold 1.55% of SOL circulating supply

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Corporate adoption of Solana is accelerating, with 13 publicly listed companies now holding nearly $1.8 billion in their Solana treasuries.

Summary

  • 13 companies now hold 8.9 million SOL, led by Upexi Inc. (2M SOL), DeFi Development Corp. (1.99M SOL), and Sol Strategies (370K SOL), which is also preparing a Nasdaq listing.
  • The figure is expected to grow as DeFi Development Corp. targets $1B in SOL holdings, while Galaxy Digital, Jump Crypto, and Multicoin Capital aim to raise $1B for a joint Solana treasury, with other firms potentially joining.

The number of publicly listed companies adopting Solana (SOL) as part of their treasury strategy has grown to 13.

The largest holders are led by Upexi Inc., with 2,000,518 SOL, followed closely by DeFi Development Corp., which recently added 196,141 SOL to bring their total to 1,988,170 SOL.

Sol Strategies ranks third with 370,420 SOL and is also set to become the first company among Solana treasury adopters to list on Nasdaq.

Together, the thirteen companies now control 8.90 million SOL, representing 1.55% of the total circulating supply — which amounts to approximately $1.80 billion at the current market value. Of these reserves, around 585,059 SOL (worth about $104.1 million) are staked through the Combined Staking Reserve, generating an average yield of 6.86%. While this staking reserve represents only 0.102% of Solana’s total supply, it signals that a portion of treasury allocations is actively being used to earn yield, rather than sitting idle.

The rise of Solana treasury strategy

The momentum behind Solana treasury strategy is accelerating, with corporate holdings expected to expand significantly in the coming months. DeFi Development Corp., currently the second-largest holder, has pledged to scale its reserves toward the $1 billion milestone. Additionally, Galaxy Digital, Jump Crypto, and Multicoin Capital are working with Cantor Fitzgerald to raise up to $1 billion for a joint Solana treasury, an initiative that has also received support from the Solana Foundation in Zug, Switzerland.

In parallel, Accelerate, led by Joe McCann, has announced plans to raise $1.51 billion to acquire 7.32 million SOL, a move that would establish the largest private Solana treasury outside of the Foundation itself.

Although total corporate SOL holdings still lag far behind Bitcoin’s corporate treasury dominance of the scale and speed of new capital being mobilized signal Solana’s growing role as a serious competitor in the digital asset treasury market.



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XRP
NFT Gaming

Pundit Tells XRP Holders To Hold Tight, Best Days Are Ahead

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

Unlike previous market cycles, this current cycle has been quite pivotal for XRP, as the leading altcoin has surged towards its all-time high since 2017. The altcoin’s recent upward performance this cycle appears to have sparked renewed hope among many crypto enthusiasts and investors about an extended upside action in the future.

Holding Your XRP Could Pay Off

In a recent post on the social media platform X, a crypto pundit known as Pumpius has sent a strong and optimistic message to the XRP community. Pumpius has advised holders to exercise patience and resist the inclination to sell in spite of the continuous market volatility and criticism.

His message focuses on the asset’s long-term potential, which he believes greatly exceeds short-term price fluctuations. Thus, maintaining conviction could put investors in a position to profit from revolutionary developments in the future. 

To start off, the pundit has commended investors who have been faithful and hopeful even during uncertainty and serious volatility. “I know what it feels like to carry this asset. The waiting. The ridicule. The endless manipulation of the charts. While others chase quick pumps and hollow gains, you’ve stood in the trenches of one of the hardest battles in financial history,” he stated.

For those who held strong amid the wave of negative comments and reactions, Pumpius considers them to be more than investors. According to the expert, they are early architects of the new order because they saw that XRP represents the rails of a future system rather than just being a trading token.

Despite attempts by governments, whales, and exchanges to dislodge them, these holders persisted through years of repression. He further commended them for viewing Ripple’s lengthy battle with the US Securities and Exchange Commission (SEC) as a cleansing. 

Underneath the battle, every hallway that opened, settlements that were put to the test, and collaborations that were discussed in back rooms, was a brick poured in the foundation of what was to come. Pumpius claims that when this system flips and trillions pass through the rails of XRP sooner than anticipated, the weight of holding through uncertain times will transform into wings. 

In the meantime, he has urged the faithful investors to remain steadfast because, in his opinion, they are “the vanguard of a new age of money, and not peasants chasing scraps. Adding to the intrigue, Pumpius stated that history will remember those who persevered, not those who laughed.

A Possible Massive Growth For The Altcoin

With the ongoing wave of institutional adoption, the possibility of ETFs, and the anticipated shift in finance from Ripple, XRP might be set for a massive surge in the foreseeable future. Amid these developments, there are speculations that the token could reach a $1,000 valuation.

One of the crypto analysts who has predicted a $1,000 value for XRP is BarriC. According to BarriC, the altcoin reaching $1,000 is a real outcome of mass adoption and utilisation of XRP by banks and financial institutions across the world.

XRP trading at $2.83 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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