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Solana

Ether, Cardano, Solana Could Slide Further as Trump Threatens Iran Strikes

by admin June 19, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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June 19, 2025 0 comments

NFT Gaming

Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model

by admin June 18, 2025

In brief

Solana treasury company DeFi Development Corp. is taking a different approach from other crypto treasury companies.
The firm is embedding itself within the Solana ecosystem, ensuring it doesn’t need to rely on capital markets to acquire SOL.
It aims to bridge the gap between traditional finance and on-chain ecosystems, said Investor Relations Lead Dan Kang.

DeFi Development Corp, a publicly traded firm building a Solana treasury, says that it is taking a different path from other crypto treasury vehicles, proactively pushing its way into the Solana ecosystem and maintaining laser focus on its “north star” of maximizing SOL per share.

Established in early April, the firm’s Solana stash now boasts more than 620,000 SOL valued at around $90 million, making it the largest Solana treasury among publicly traded entities.

In an interview this week on “FOMO Hour” from Decrypt’s sister company Rug Radio, Investor Relations Lead Dan Kang explained how it’s approaching the increasingly popular crypto treasury model—pioneered by Strategy (formerly MicroStrategy)—differently than some others in the space.

“We used to say we’re sort of a next-gen MicroStrategy,” Kang said. “But I really think of ourselves as the first true on-chain-to-TradFi bridge.”

Its efforts to connect the world of traditional finance and the on-chain ecosystem have been different than that of other crypto treasury vehicles, which oftentimes rely on financing and capital markets to accumulate and stash an underlying asset like Bitcoin.

Instead, DeFi Development Corp. is proactively embedding itself in the Solana ecosystem, most notably through its Solana validator set, which it acquired in May for $3.5 million.

“A lot of the Bitcoin treasury vehicles that exist today are highly capital markets dependent to grow their underlying Bitcoin holdings,” said Kang. “Versus with us, not to say we won’t tap the capital market playbook… but by virtue of running our own validator infrastructure, we actually don’t need to tap the capital markets to keep growing our underlying SOL per share.”

The firm’s ability to tap into a robust on-chain ecosystem and earn yield via a proof-of-stake asset is another reason it chose Solana, eschewing the limitations of some Bitcoin treasury vehicles. Plus, there was no reason to compete with Strategy, said Kang, who likened the firm and its monstrous $62 billion Bitcoin treasury to an NFL lineman.

“If I hand you a football, would you want to play running back against an NFL lineman, or would you rather run the ball down the field with no one in the way?” said Kang. “Michael Saylor and MicroStrategy—they’re the NFL lineman in the Bitcoin vehicle space. Hats off to those who want to take them on, but we intend to become the big behemoth in the Solana treasury space.”

The firm appears on its way, having amassed its $90 million treasury in just two months since announcing plans to pivot towards a Solana strategy, as the AI-driven real estate platform rebranded from Janover. In that time, on top of the validator acquisition, it also launched its own liquid staking token, partnered with notable Solana meme coin Bonk, and established a $5 billion equity line of credit for future Solana acquisitions.

“If MicroStrategy showed what is possible in the crypto treasury space,” Kang added, “DeFi Development Corp. is here to show them what is next.”

Edited by Andrew Hayward

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June 18, 2025 0 comments

Crypto Trends

VanEck’s Solana ETF Gets DTCC Listing, SEC Approval Next?

by admin June 18, 2025

VanEck’s proposed spot Solana ETF has officially appeared on the DTCC (Depository Trust and Clearing Corporation) website under the ticker “VSOL”, signaling a major step toward potential SEC approval.

The ETF is listed in DTCC’s “active and pre-launch” section, which means it can’t yet be created or redeemed until the U.S. Securities and Exchange Commission (SEC) gives the green light. However, its presence on the DTCC list is widely viewed as a bullish sign that approval may be near.

VanEck sees the listing as part of the launch process, even though it doesn’t guarantee approval. In the past, SEC has been very conservative when it comes to approving spot crypto ETFs.

Bitcoin and Ethereum have already jumped the fence, but Solana is still in line. This listing on DTCC, however, is a big milestone and indicates increasing momentum in Solana ETFs. On Polymarket, approval odds of a Solana ETF have increased to 91 percent, reflecting the confidence of analysts.

Bloomberg analysts James Seyffart and Eric Balchunas expect SEC to approve Solana ETFs in the coming month, particularly with the CME set to launch Solana futures. Another indication of progress is that the SEC has been collaborating with issuers in updating their S-1 filings.

As the demand of crypto ETFs increases, companies such as CoinShares, Bitwise, and Franklin Templeton are also entering the Solana ETF competition. Others are even incorporating staking capabilities, which are a sign of a wider investor base.

The listing on the DTCC could be the catalyst Solana ETFs require to become mainstream.

Also Read: Seven Firms File Spot Solana ETF S-1s With Staking

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June 18, 2025 0 comments

Crypto Trends

Solana ETF Approval Odds Hit 76%, Upside for SOL?

by admin June 17, 2025

Among the different cryptocurrency assets awaiting regulatory approval for an exchange-traded fund (ETF) is Solana (SOL). According to Polymarket data, the odds of the Securities and Exchange Commission (SEC) giving the nod to the SOL ETF have risen to 76%.

Solana ETF buzz builds as approval odds climb

Notably, in an update shared by SolanaFloor on X, Polymarket predicted that the regulatory body has a 76% chance of approving the several S-1 application filings before it by July 31. The increasing odds of approval signal growing confidence among investors in the space.

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In the past 24 hours, confidence in an approval surged by 13%, climbing from 63% to 76%. This development suggests market sentiment is bullish, so that a Solana ETF could be approved soon.

It is necessary to clarify that Polymarket prediction does not guarantee outcomes; rather, it reflects the ecosystem’s anticipation of this pending ETF application.

Over five asset managers, including Fidelity Investments, Franklin Templeton, 21Shares, Canary Capital and Bitwise, have submitted their S-1 filings to the SEC. However, the regulatory commission has not responded to them.

Interestingly, Solana and XRP are among the leading pending applications for ETF products before the SEC.

Will SOL price react to ETF catalyst?

Meanwhile, in February 2025, the SEC acknowledged Canary Capital’s SOL ETF filing. The acknowledgement came a few days after the regulatory body confirmed receipt of the application filed by Grayscale Investment.

Despite the lingering delays from the SEC, Nate Geraci, president of the ETF store in December 2024, predicted that Solana stands a great chance of approval in 2025. Geraci believes the stakes are high for a couple of crypto-related ETFs, and Solana could be one of those approved.

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Although acknowledgement does not equal approval, it remains significant as it indicates that the SEC might soon begin reviewing the applications before it.

Despite the Polymarket predictions, Solana’s price has not been positively impacted. SOL currently exchanges at $149.86, representing a 4.43% decline in the last 24 hours.

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June 17, 2025 0 comments

Crypto Trends

Solana network extensions will redefine blockchain scaling

by admin June 17, 2025

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

Ethereum (ETH) is betting big on a future filled with rollups. But in typical Solana (SOL) fashion, the network is taking a different route—one that doesn’t just scale more blockspace, but bespoke execution environments with first-class developer control.

Enter network extensions, Solana’s most important—and misunderstood—infrastructure innovation to date. While they’re often compared to sidechains or dismissed as Solana’s version of appchains, that framing undersells what’s really happening here. Network extensions allow for custom execution environments that don’t fragment liquidity or composability, unlocking a new frontier for application-specific blockspace without breaking the core network apart.

This isn’t just a scaling strategy. It’s a statement about how the future of crypto infrastructure will work.

Solana’s modular, L1-integrated extensions preserve validator security, support differentiated consensus and transaction logic, and offer developers more design surface without forcing them to launch new chains or settle for constrained rollups. That’s a big deal for anyone building high-performance applications—from games to decentralized physical infrastructure networks to real-world finance.

While Ethereum L2s offload computation and struggle with fragmented liquidity, Solana is building something quieter but more elegant: a unified, highly customizable L1 that treats specialization as a first-class primitive. And in doing so, it might just leapfrog the rollup wars entirely.

Customization without fragmentation

Ethereum’s L2s were built to scale. Solana’s network extensions were built to specialize. While Ethereum rollups increase throughput, they all run essentially the same playbook: general-purpose blockspace, minimal variation, and fragmented liquidity across siloed chains. The architecture improves efficiency, but not flexibility.

Solana takes a different view. Network extensions let developers define their own execution environments from the ground up. They can customize consensus mechanisms, transaction logic, dedicated storage, and isolated environments that don’t compete with mainnet traffic. More importantly, they do it without breaking composability or spinning up entirely new chains.

Data availability, Solana style

Unlike Ethereum’s standardized rollups, Solana has not mandated a single approach to network extensions. That’s by design. It invites experimentation, so long as extensions validate state transitions and anchor them to layer 1, preserving Solana’s unified state and liquidity.

To achieve this, Solana has introduced specialized data lanes, akin to Ethereum’s blobspace for rollups. One of the most promising developments is ZK compression, a joint effort by Helius and Light Protocol. By compressing account state and using zk-proofs to validate state transitions, ZK compression offers a glimpse into how Solana can scale without sacrificing verifiability or speed.

Comparing Ethereum’s approach: Throughput over customization

While Solana is enhancing execution environments with network extensions, Ethereum is focusing on two major scalability improvements: Layer-2 rollups and preconfirmations.

Rollups bundle transactions off-chain, then submit them to Ethereum L1. The tradeoff? Fragmented liquidity and an independent state.
Preconfirmations aim to reduce perceived latency by issuing soft guarantees before block inclusion. Useful? Sure. Transformative? Not really.

Solana’s approach skips the workaround entirely. With sub-second finality, it doesn’t need preconfirmations. And with network extensions, it avoids the L2 complexity tax by keeping specialized execution environments anchored to a unified chain.

Why this matters for builders

For developers, network extensions lower the barriers to launching custom environments, without the overhead of managing an entirely new chain or compromising user experience. This unlocks a long tail of blockchain applications that don’t want to live inside generalized blockspace.

Customization has already proven its value as a driver of innovation.. Network extensions encourage experimentation by providing secure, flexible execution environments for applications. Specifically, consumer-focused applications—where abstraction and UX optimization are paramount—stand to benefit the most.

Applications that stand to benefit include:

DeFi: Custom execution environments enable high-frequency trading, low-latency transactions, and built-in regulatory compliance features like KYC enforcement.
Supply chain management: Isolated environments facilitate complex logistics workflows, ensuring data integrity and real-time tracking without burdening the mainnet.
DePIN and IoT: Extensions can efficiently process data from IoT devices and integrate with blockchain-based DePIN networks.
Gaming: Dedicated resources allow for near-instant settlements and optimized in-game economies.

What comes next?

Network extensions mark a shift in how blockchains can scale—not just by handling more transactions, but by supporting more types of applications. As more developers experiment with specialized execution environments, Solana’s infrastructure could evolve into a network of purpose-built layers that remain unified at the base.

This model stands in contrast to the fragmentation creeping into other ecosystems. Rather than offloading scale to separate rollups or appchains, Solana keeps customization close to the core. That reduces friction, preserves composability, and gives developers more room to build without starting from scratch. This approach could yield custom-tailored DeFi platforms, next-gen consumer applications, and institutional blockchain environments compliant with real-world regulations.

The success of network extensions will depend on developer adoption, tooling, and real-world deployment. But the early signs are promising. If executed well, this strategy could redefine blockchain infrastructure—shifting the focus from mere scalability to flexibility, adaptability, and application-specific performance.

Aryan Sheikhalian

Aryan Sheikhalian is the head of research and helps with deal sourcing and due diligence at CMT Digital. Aryan joined CMT Digital in the summer of 2021 during Fund II to focus on blockchain research and venture. Aryan started his career at Accenture prior to starting college as part of the ‘Horizons Scholar’ program. He then worked and published research throughout his time at college with the Blockchain Research Institute under the leadership of Don Tapscott. He graduated from Columbia University in the City of New York with a B.A in Economics and Mathematics, where he also co-founded the Blockchain Club in the Fall of 2017.

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June 17, 2025 0 comments

NFT Gaming

XRP Comes Alive in Key Reversal, Bitcoin (BTC) Gaining Peak Momentum, Solana (SOL): Head and Shoulders?

by admin June 17, 2025

Bitcoin: Things heating up
Is Solana ready?

After weeks of false starts and sideways grinding, XRP has finally displayed meaningful life on the chart, posting a strong rebound and possibly paving the way for a more widespread reversal. As of press time, XRP had risen by almost 5% for the day, surpassing local resistance and setting up a breakout above the 50 EMA and the 100 EMA, two crucial moving averages.

This newfound vigor follows a triple test of the 200 EMA, which remained a solid support level close to $2.10. The strength of each bounce has increased, indicating seller fatigue and rising buyer interest. Now that volume is increasing and the RSI is approaching bullish territory (it is currently at about 52), XRP is ready for an upward continuation if momentum continues.

XRP/USDT Chart by TradingView

A close above the area where the 50 and 100 EMAs converge, which is situated squarely between $2.25 and $2.28, would be the most noteworthy technical milestone. A push toward the $2.50-$2.60 range, which is home to a cluster of previous rejection wicks, might be possible if that zone were decisively reclaimed. This would change the short- to medium-term structure to bullish.

Additionally, the neckline of a larger ascending triangle that has been in place since April is a structurally significant area where this bounce occurs. If validated, that pattern points to XRP’s long-term reversal thesis and may signal the start of a fresh upward trend, which bulls have been craving in the wake of Bitcoin’s hegemony. Even though XRP is still in the woods, its pulse is more robust than it has been in weeks.

Bitcoin: Things heating up

Bitcoin is once again heating up, and it is showing indications that a move toward its all-time high (ATH) may be imminent if and only if it can overcome the final technical barrier, which is the descending trendline that has capped all of the recent highs. BTC is currently trading above $106,000, maintaining a strong hold above the 20 and 50-day key short-term EMAs and gaining steady momentum.

Since the last decline to $103,000, the price action has been volatile but bullish forming a string of higher lows. As a bullish indication that the underlying trend is still in favor of buyers, the 50 EMA keeps serving as dynamic support. Before entering overbought territory, the RSI has plenty of room to expand as it stays in the neutral zone (~53).

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Because of the obvious descending trendline that is just above the current price range, this is not yet a full-blown breakout. This line, which was taken from the peak in early June close to $112,000, has established a ceiling that Bitcoin has precisely adhered to. Until this trendline is decisively broken, the market might stay choppy, stalling at around $110,000. The structure, however, is leaning bullish.

The combination of rising support levels and consolidation below resistance creates a classic continuation pattern known as an ascending triangle. There is not much technically left to stop a retest of ATH territory and beyond if Bitcoin can break above $110,000 and hold. Although the tapering volume may cause some concern, a spike in trading activity as the price presses against the descending line could support the breakout scenario.

Is Solana ready?

Solana’s chart is starting to resemble the classic head and shoulders (H&S) pattern, which is frequently linked to bearish breakdowns and trend reversals. This could be a warning to bullish traders. The structure is starting to become apparent even though the market has not confirmed the setup yet.

According to the chart, SOL reached its peak in late May at about $170 (the head) with two lower highs at about $160 forming the shoulders on either side. The $145-$147 range, which has served as support several times over the past month, seems to be the neckline’s current range. If SOL breaks below that neckline with significant volume, we may witness a more severe short-term retracement down toward the $125-$130 range. The H&S pattern is typically a bearish reversal signal.

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The upside potential appears limited for the time being unless bulls can mount a strong surge, as SOL has had difficulty breaking above the 100 and 200 EMAs. They are currently at $157 and $161, respectively. It is not finalized, though. If buyers are able to invalidate the neckline breach and force SOL past $162, the entire formation may be scrapped because the right shoulder is still developing.

In that case, Solana would return to its bullish stance, targeting a retest of $170 and perhaps higher. Volume is still a crucial component that is lacking; thus far there has not been a clear volume spike that would indicate a breakout or a breakdown. The RSI is neutral with a slight bearish inclination hovering just below 50.

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June 17, 2025 0 comments

NFT Gaming

Solana Will be ‘Chain of Choice;’ DFDV, UPXI, HODL Initiated at Overweight: Cantor

by admin June 16, 2025

Cantor initiated coverage of the three largest solana

treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street firm said in a research report Monday.

The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi.

“We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana,” analysts led by Thomas Shinske wrote.

Solana’s biggest competitor is the Ethereum blockchain, Cantor noted, but its technology is meaningfully better than its larger peer on every metric.

“Developer growth on SOL has far exceeded that on ETH recently, and we expect this to continue,” the authors wrote.

Therefore, using solana as a treasury asset makes more sense than using ether

, the report said.

The report added that companies that have adopted solana as a treasury asset believe that the crypto can overtake ether, which currently has a market cap 2.5 times larger than SOL.

Read more: DeFi Adding $5B of Solana Buying Power With New Line of Credit

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June 16, 2025 0 comments

NFT Gaming

CoinShares Solana ETF Joins Growing List of Applications for Altcoin-Based Funds

by admin June 16, 2025

In brief

European asset manager CoinShares has filed for a SOL exchange-traded fund.
A number of top asset managers have proposed Solana-based funds.
Altcoin ETFs may get approval this year under the SEC’s new leadership.

European digital asset manager CoinShares became the latest firm to file for a Solana exchange-traded fund, according to a U.S. Securities and Exchange Commission filing on Friday.

The CoinShares Solana ETF would track the price of SOL, the native coin of the Solana network, and trade on the Nasdaq Stock Market, according to the S-1 prospectus.

The application comes less than a week after seven issuers submitted revised SOL ETF applications, clarifying language that would enable them to stake their held SOL. Analysts view such amendments positively for the probability of an approval, although the revised prospectuses do not guarantee a regulatory greenlight.

Earlier this year, Bloomberg Senior ETF Analyst Balchunas penciled in a 70% chance that Solana ETFs receive approval this year, although he could not pinpoint the timing.

Funds from 21Shares, Bitwise, Fidelity, Franklin Templeton, Grayscale, VanEck, and Canary Capital are also aiming to offer investors exposure to Solana and are part of a massive wave of altcoin-based funds proposed in recent months to capture soaring investor interest in crypto-focused products.

U.S. regulators and lawmakers have ratcheted back restrictions on the digital assets industry, creating a more inviting environment for investors.

SOL is the sixth biggest cryptocurrency by market cap. Developers favors Solana blockchain for its speed and efficiency in creating decentralized applications such as crypto exchanges and games.

The price of SOL recently stood at $156.87 after rising by nearly 4% in 24 hours. The coin hit an all-time high of $293.31 back in January, crypto data provider CoinGecko shows.

CoinShares did not immediately respond to Decrypt‘s request for comment.

The SEC last year approved Bitcoin ETFs and later their Ethereum counterparts. Both products have been popular, with Bitcoin funds now managing well over $100 billion in assets.

Last week, BlackRock’s iShares Bitcoin Trust (IBIT) needed just 341 days to reach $70 billion in AUM, faster than any fund in history, according to Bloomberg data.

Ethereum-tracking funds have generated a respectable $3.9 billion in net inflows, according to U.K. asset manager Farside Investors.

Edited by James Rubin

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June 16, 2025 0 comments

GameFi Guides

Hyperliquid, Solana Lead Altcoin Rally as Institutions Pour $1.9B Into Crypto Funds

by admin June 16, 2025

In brief

Altcoins including Solana, Hyperliquid and XRP posted gains Monday morning.
Ethereum also rose, as institutional flows hit their strongest levels since November.
Bitcoin dominance remains at 61.4%, with analysts watching for a break below 60% to signal full altcoin season.

The crypto market’s appetite for risk assets returned with force on Monday, with altcoins including Solana (SOL) and Ethereum (ETH) surging as traders rotated out of Bitcoin (BTC) following its successful test of the $106,000 level.

SOL is up 6.1% in the last 24 hours, trading at $155.78, while ETH stands at $2,611, gaining 3.7% in the past 24 hours, CoinGecko data shows.

Ethereum “came back into favour after 2.5 years of underperformance” following recent network upgrades, with the narrative shifting toward institutional adoption on Ethereum-based platforms, Sygnum analysts told Decrypt.

Meanwhile, XRP posted a gains of 4.6%, sending it to $2.26, and Cardano (ADA) rose 2.8% to $0.64 in the last 24 hours.

The broader altcoin rally swept across multiple tokens, with HyperLiquid (HYPE) leading the charge among mid-caps with a 9.7% surge to around $44.

The token has overtaken Dogecoin (DOGE) to become the fifth-largest crypto by futures open interest, with traders placing $2.06 billion in active bets on HYPE contracts, per CoinGlass data.

Altcoin season incoming?

Market analysts are carefully watching whether this represents the beginning of a broader altcoin season or merely a temporary rotation.

Vadim Taszycki, Head of Growth at StealthEX, told Decrypt institutional interest was a primary driver, noting that “nearly $1.9 billion has flowed into crypto funds” over recent days, according to Farside Investors data.

He also pointed to regulatory momentum, mentioning “the wave of updated SEC filings from major asset managers aiming to launch spot Solana ETFs with staking capabilities” as evidence of shifting sentiment.

“While that attention helps push crypto into the mainstream, it also brings some hesitation, which may be delaying a full altcoin season for now,” the expert said.

The latest gains come despite last Friday’s sharp selloff triggered by Israeli airstrikes on Iranian targets, which sent Bitcoin tumbling 4% below $104,000.

Bitcoin has since recovered to $106,724, up by 1.6% in the last 24 hours, as markets viewed the geopolitical shock as a buying opportunity.

“As Bitcoin’s positive demand trends continue, driven by the steady progress in institutional adoption and its increased use as a safe haven asset, Bitcoin’s fast-shrinking liquid supply is creating the conditions for demand shocks and upside volatility,” Sygnum analysts pointed out.

Marcin Kazmierczak, Co-founder & COO at RedStone, told Decrypt the recent altcoin rally is “being driven by Bitcoin’s push past $100,000, with BTC dominance at 61.4%,” pointing to strong ETF inflows and technical breakouts as key drivers.

He added that “stablecoin supply held by whales (over $5M) has risen 5% in the past 30 days,” indicating increased buying pressure.

The expert expects a major altcoin surge between September and December, based on historical patterns.

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June 16, 2025 0 comments

GameFi Guides

Top cryptocurrencies to watch this week: XRP, Solana, Zeta

by admin June 15, 2025

The cryptocurrency market will have numerous catalysts this week, including the Federal Reserve and Bank of England interest rate decisions, the ongoing Iran and Israel crisis, and potential Bitcoin and Ethereum ETF inflows.

This article explores the top three cryptocurrencies to watch this week, including Solana, Ripple, and Zetachain.

SEC ruling on Franklin Templeton’s XRP ETF looms

Ripple (XRP) price will be a cryptocurrency to watch this week as the Securities and Exchange Commission delivers a ruling on Franklin Templeton ETF proposal on June 17.

The most likely outcome is that the agency will postpone the ETF approval as it evaluates other proposals by companies like VanEck, Bitwise, and 21Shares.

Most crypto traders believe that the agency, under Paul Atkins, will approve these ETFs by the end of the year. Polymarket odds of this approval have jumped to almost 90%.

Franklin Templeton’s XRP ETF decision comes as the coin has remained in a consolidation phase in the past few weeks. It has formed a symmetrical triangle on the daily chart, pointing to a big breakout or breakdown in the next few weeks.

One crypto pundit estimated that the coin will have a bullish breakout, which will align with Bitcoin price rising above the 8-year trendline that we covered here.

XRP has been consolidating for 7 months since it pumped 700% after breaking out of the 7-year pennant, which I predicted.

It has now reached the end of its healthy consolidation period.

The next major move will begin soon and should align with Bitcoin breaking the 8-year line. https://t.co/D4dWE6powa pic.twitter.com/GSnXsghfbW

— Crypto Michael (@MichaelXBT) June 15, 2025

$275M token unlock could spark Solana rebound

Solana (SOL) price has dropped by 21.7% from its highest point in May, meaning that it has moved into a local bear market. This crash has coincided with the ongoing sell-off of most of its meme coins.

Solana price will be in the spotlight this week as the network will unlock tokens worth over $275 million on Saturday. These tokens represent about 0.36% of its float.

Still, technicals point to a Solana price rebound, as it has formed a bullish flag pattern on the daily chart. This rebound will be confirmed if the token rises above the upper side of the descending channel at around $160.

Zetachain token unlock ahead

ZETA price chart | Source: crypto.news

Zetachain (ZETA) price has been in a downtrend and is hovering at its lowest level this year. It has plunged by over 80% from its highest point in 2024, partly because of its substantial monthly unlocks. These unlocks increase a token’s supply, which is risky, mainly when little demand exists.

ZETA price will be in the spotlight this week as it unlocks tokens worth $8.6 million, representing 5% of the float.

The daily chart above shows that the ZETA price has pulled back from a high of $0.3120 in May to $0.20 today. It failed to move below that support level three times since March, forming a triple-bottom pattern. Therefore, Zetachain price may bounce back this week if it holds the support at $0.20.

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June 15, 2025 0 comments