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Solana

Solana Dominates Crypto Token Launches, 85,000,000 Assets Registered

by admin September 17, 2025

The Solana blockchain has become the top destination for token launches in the cryptocurrency space. In a recent update shared by Solana, the network currently has the majority of token creations happening in its ecosystem. Solana alone has 85 million tokens on its blockchain.

Why developers prefer Solana over Ethereum

This figure is significant considering that there are 100 million tokens in total on major crypto networks. That is, across some of the big blockchain platforms in the industry, like Ethereum, Avalanche, Arbitrum and Base, developers have created 100 million different tokens. These include meme coins, stablecoins, LP tokens, project tokens and more.

Community reacts to Solana’s token explosion

In the broader cryptocurrency community, some users have taken a swipe at the numbers and dominance of Solana.

Solana price sees bullish momentum as institutional inflows and DeFi growth accelerate

by admin September 16, 2025

Solana recently broke through the $240 resistance level, with institutional investors driving momentum.

Summary

Solana is seeing strong momentum, with recent multi-month highs
Pantera Capital and Helius are accumulating significant SOL positions
DeFi market activity continues to grow, especially for memecoins

Solana has seen renewed momentum, pushing through major resistance levels and drawing attention from institutional buyers. On Tuesday, September 16, SOL traded at $234.85, having corrected from the eight-month high of $249.12 it reached two days earlier.

Despite the correction, Solana’s (SOL) institutional momentum continued. On September 15, Helius Medical Technology unveiled a $500 million treasury strategy, financed through a private equity offering. Notably, the move sent its shares up 140%.

Moreover, on September 16, Dan Morehead, the founder of Pantera Capital, revealed that the investment firm allocated as much as $1.1 billion to SOL. He explained that Solana is the firm’s biggest bet, viewing it as the most promising among blockchain networks.

Solana memecoins see a major rally

At the same time, Solana is seeing a significant uptick in DeFi activity, largely due to memecoins. Solana-based Pump.fun once again broke $1 billion in daily volume, which coincided with a broader rally in the memecoin market.

For instance, Pudgy Penguins (PENGU), currently the largest Solana memecoins, were up 4.0% on September 16. The memecoin reached $0.03381 per coin and a market cap of $2.1 billion. At the same time, Bonk (BONK) was up 3.9%.

With markets expecting Federal Reserve rate cuts to be imminent, risk assets are among the biggest beneficiaries. This applies both to Solana and to memecoins. At the same time, with Bitcoin near its all-time highs, traders are increasingly cycling into altcoins to chase bigger gains.

For Solana, this creates a boon on two levels, both directly through its price and indirectly by boosting its DeFi activity and total value locked.

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September 16, 2025 0 comments

Crypto Trends

Solana Steals the Spotlight as Fed Rate Cut Nears: Crypto Daybook Americas

by admin September 16, 2025

By Omkar Godbole (All times ET unless indicated otherwise)

Suddenly, it’s all about Ethereum rival Solana and its native token SOL as the broader market holds its breath ahead of Wednesday’s Federal Reserve rate decision.

Michael Novogratz, the founder and CEO of Galaxy Investment, says Solana could evolve to become a settlement infrastructure in global finance. Why? Because the blockchain can handle over 6 billion transactions a day, which is way higher than the 400 million-700 million trades global securities markets usually deal with, he said. Speed matters.

At BaseCamp 2025, Coinbase’s layer-2 network hinted at plans for a token launch that could accelerate decentralization and unveiled a Solana bridge to boost cross-chain connectivity. Pantera Capital’s Dan Morehead announced that Solana is their largest bet, valued at $1.1 billion, calling it the fastest and best-performing blockchain, which has outpaced even Bitcoin over the past four years.

If that’s not enough, Kyle Samani, chairman of Nasdaq-listed Solana treasury company Forward Industries, said over the weekend that the company plans to deploy funds to boost the Solana-native decentralized finance ecosystem.

All these signs suggest SOL could outperform bitcoin BTC$115,406.46, ether (ETH) and other major tokens if the Fed cuts rates by the 25 basis points this week, as expected. If it surprises with a 50-basis-point move, things could get wild. Keep your eyes on those SOL/BTC and SOL/ETH trading pairs.

Currently, SOL is trading around $235 after peaking near $250 over the weekend. Other major cryptocurrencies are stuck in neutral, trailing behind stocks, which continue to hit fresh highs.

On the stablecoin front, the Bank of England proposed limits on how the value of dollar-backed stablecoins an individual can hold, as low as 10,000 pounds ($13,600), citing systemic risks. Stani Kulechov, Aave’s CEO, called the move “absurd” and urged the crypto community to stand up against such regulations.

More countries, especially those with current account deficits, will likely consider similar measures to curb outflows that dodge traditional banks.

And as for the traditional markets, Monday’s mix of rising stocks and the VIX, Wall Street’s fear gauge, has some observers raising their eyebrows. History shows these moments often precede market corrections, so stay alert!

What to Watch

Crypto
- Sept. 16, 12 p.m.: Solana Live event on X. Guests include Pump.fun co-founder Alon Cohen and Kyle Samani, chairman of Forward Industries (FORD) and the managing partner of Multicoin Capital.
Macro
- Sept. 16, 8 a.m.: Brazil July unemployment rate Est. 5.7%.
- Sept. 16, 8:30 a.m.: Canada August headline CPI YoY Est. 2%, MoM Est. 0%; core YoY Est. N/A (Prev. 2.6%), MoM Est. N/A (Prev. 0.1%).
- Sept. 16, 8:30 a.m.: U.S. August retail sales YoY Est. N/A (Prev. 3.9%), MoM Est. 0.3%.
Earnings (Estimates based on FactSet data)

Token Events

Governance votes & calls
- Curve DAO is voting to update donation-enabled Twocrypto contracts, refining donation vesting so unlocked portions persist after burns. Voting ends Sept. 16.
- Sept. 16: Aster Network to host a community call.
- Sept. 18, 6 a.m.: Mantle to host Mantle State of Mind, a monthly downhill series.
- Sept. 16, 12 p.m.: Kava to host a community Ask Me Anything (AMA) session.
Unlocks
- Sept. 16: Arbitrum ARB$0.4921 to unlock 2.03% of its circulating supply worth $45.92 million.
Token Launches
- Sept. 16: Merlin (MRLN) to be listed on Binance Alpha, MEXC, BitMart, Gate.io, and others.

Conferences

Token Talk

By Oliver Knight

As the crypto market stays within a tight range after a brief peak and trough on Monday, one token is running its own race: IMX is up 15% in the past 24 hours with daily trading volume doubling to $144 million.
The rise lifted IMX, the native token of Web3 gaming platform Immutable, to a five-month high.
Bullish sentiment around Immutable can be attributed to an SEC probe that was dropped earlier this year and general optimism around the gaming sector. Gaming is estimated to reach $200 billion in revenue this year with further growth forecast in 2026 alongside the release of Rockstar Gaming’s Grand Theft Auto 6.
Immutable is well positioned to capitalize on that growth after teaming up with gaming giant Ubisoft on the next iteration of Might and Magic Fates in April.
Blockchain technology could have a key role to play in gaming if trends shift toward in-game ownership of items, which could see the implementation of non-fungible tokens (NFTs) within a game that could then be collected or sold on for crypto tokens.
IMX is currently trading at $0.736 having broken out of a key level of resistance. It will likely come back to test $0.70 as support before potentially moving higher, provided trading volume can sustain at these levels.

Derivatives Positioning

Most major cryptocurrencies, including BTC and ETH, continued to experience capital outflows from futures, leading to a decline in open interest.
AVAX stands out with OI rising over 14% as the token’s market cap looks to climb above $13 billion for the first time since Feb. 2.
Solana OI has reached a record high of over 70 million SOL, with positive funding rates pointing to bullish capital inflows.
On the CME, OI in solana futures pulled back to 7.63 million SOL from the record 8.12 million SOL on Sept. 12. Still, the three-month annualized premium holds well above 15%, offering an attractive yield for carry traders.
BTC CME OI continues to improve, but overall positioning remains light relative to ether and SOL futures.
On Deribit, the bias for BTC and ETH put options continues to ease across all tenors as traders anticipate Fed rate cuts. SOL and XRP options remain biased bullish.
On OTC network Paradigm, block flows featured BTC calendar spreads and shorting of call and put options.

Market Movements

BTC is unchanged from 4 p.m. ET Monday at $115,500.55 (24hrs: +0.54%)
ETH is unchanged at $4,513.45 (24hrs: -0.49%)
CoinDesk 20 is up 0.48% at 4,271.28 (24hrs: +0.71%)
Ether CESR Composite Staking Rate is up 5 bps at 2.87%
BTC funding rate is at 0.0059% (6.4616% annualized) on Binance

DXY is down 0.32% at 96.99
Gold futures are up 0.42% at $3,734.70
Silver futures are up 0.53% at $43.19
Nikkei 225 closed up 0.3% at 44,902.27
Hang Seng closed unchanged at 26,438.51
FTSE is down 0.22% at 9,256.41
Euro Stoxx 50 is unchanged at 5,437.55
DJIA closed on Monday up 0.11% at 45,883.45
S&P 500 closed up 0.47% at 6,615.28
Nasdaq Composite closed up 0.94% at 22,348.75
S&P/TSX Composite closed up 0.5% at 29,431.02
S&P 40 Latin America closed up 1.64% at 2,904.55
U.S. 10-Year Treasury rate is unchanged at 4.037%
E-mini S&P 500 futures are up 0.19% at 6,633.75
E-mini Nasdaq-100 futures are up 0.29% at 24,380.00
E-mini Dow Jones Industrial Average Index are unchanged at 45,902.00

Bitcoin Stats

BTC Dominance: 58.11% (unchanged)
Ether to bitcoin ratio: 0.03907 (-0.36%)
Hashrate (seven-day moving average): 1,025 EH/s
Hashprice (spot): $53.98
Total Fees: 4.41 BTC / $508,109
CME Futures Open Interest: 140,975 BTC
BTC priced in gold: 31.2 oz
BTC vs gold market cap: 8.82%

Technical Analysis

BTC is once again probing the 8-year bullish trendline trendline. (TradingView/CoinDesk)

The monthly chart shows that BTC is again probing the trendline connecting the previous bull market peaks.
Bulls failed to establish a foothold above that trendline in July and August.
A third straight failure could really embolden sellers, potentially yielding a deeper drop.

Crypto Equities

Coinbase Global (COIN): closed on Monday at $327.02 (+1.23%), +0.27% at $327.91
Circle (CRCL): closed at $134.05 (+6.97%), unchanged in pre-market
Galaxy Digital (GLXY): closed at $30.77 (+3.6%), +0.58% at $30.95
Bullish (BLSH): closed at $51.08 (-1.47%), +0.59% at $51.38
MARA Holdings (MARA): closed at $16.24 (-0.43%), unchanged in pre-market
Riot Platforms (RIOT): closed at $16.68 (+4.97%), +1.08% at $16.86
Core Scientific (CORZ): closed at $16.32 (+2.9%), +0.37% at $16.38
CleanSpark (CLSK): closed at $10.29 (-0.58%), +0.1% at $10.30
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $38.73 (+3.78%), +1.96% at $39.49
Exodus Movement (EXOD): closed at $27.88 (-1.69%), -1.94% at $27.34

Crypto Treasury Companies

Strategy (MSTR): closed at $327.79 (-1.1%), +0.34% at $328.89
Semler Scientific (SMLR): closed at $28.39 (-2.74%)
SharpLink Gaming (SBET): closed at $16.79 (-5.14%), +0.54% at $16.88
Upexi (UPXI): closed at $6.33 (-6.29%), +0.95% at $6.39
Lite Strategy (LITS): closed at $3.07 (+10.43%)

ETF Flows

Spot BTC ETFs

Daily net flows: $259.9 million
Cumulative net flows: $57.05 billion
Total BTC holdings ~1.31 million

Spot ETH ETFs

Daily net flows: $359.7 million
Cumulative net flows: $13.74 billion
Total ETH holdings ~6.53 million

Source: Farside Investors

While You Were Sleeping

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September 16, 2025 0 comments

NFT Gaming

Forward Launches Solana Treasury With $1.58 Billion Purchase

by admin September 16, 2025

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

Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.

Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury

According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko’s tracker shows the largest SOL treasury before today held $474 million, making Forward’s bet the largest yet.

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:

Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.

Forward doesn’t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency’s ecosystem to generate more value. So far, it has put all its holdings into staking.

Samani noted:

We are building the world’s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.

Forward’s treasury isn’t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release.

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.

Speaking of digital asset treasury companies, the OG firm Strategy (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor in an X post.

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.

SOL Price

Solana neared the $250 mark during the weekend, but the asset’s price has declined since then as it has dropped to the $233 level.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

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September 16, 2025 0 comments

Crypto Trends

Helius Shares Pump 141% Amid $500 Million Raise for Solana Treasury

by admin September 16, 2025

In brief

Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury.
The firm’s stock price rose by more than 141% as of the close of trading Monday.
Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius.

Medical devices manufacturer Helius Medical Technologies has raised $500 million through a private placement in public equity (PIPE) to create a Solana treasury, the company announced on Monday, part of a growing list of Nasdaq-traded companies shifting their focus to accumulate SOL.

Venture capital firms Pantera Capital and Summer Capital led the offering, which also included Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital, among others. The offering is expected to close on or around Thursday.

“We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built,” said Dan Morehead, founder and managing partner of Pantera Capital.

The announcement follows closely after several others in recent months involving Solana treasuries as companies—many of them struggling—seek ways to benefit from the surge in digital asset markets. Their efforts have, in turn, helped fuel the rally in crypto prices this year. Solana was recently trading at $233, up nearly 60% over the past three months.

A Myriad market showed that investors are upbeat about Solana, with 90% of them saying it would sooner rise to $250 rather than sink to $130.

(Disclosure: Myriad is a prediction market and engagement platform developed by DASTAN, parent company of an editorially independent Decrypt.)

Helius shares closed at $18.27, up about 141% in Monday trading, regaining a small portion of ground it has lost over the past year. HSDT hit over $772 last December.

Participants in the PIPE, which Helius said was “oversubscribed,” purchased common stock (and/or pre-funded warrants to purchase shares) for $6.81 and stapled warrants to buy shares with an exercise price equal to $10.13 per stapled warrant. Investors can exercise the stapled warrants for three years from the issue date.

Stapled warrants are contractual agreements that are tied to another security and cannot be exchanged or sold alone. Companies use them to make an offer more inviting for investors.

The announcement led to a humorous moment when Mert Mumtaz, the CEO of Helius—an unaffiliated provider of infrastructure and tooling for Solana developers—wrote on Twitter that he had received more than 50 messages assuming his company was responsible for the treasury.

some personal news

No, in all seriousness, I’m not involved with this at all — the name is yet another coincidence.

The universe is quite literally trolling me at this point

Again: I am not involved, neither is @heliuslabs nor Helium nor Helio nor Heliux nor Helicopter https://t.co/u0HbDs0ydr

— mert | helius.dev (@0xMert_) September 15, 2025

“I’m not involved with this at all,” the prominent Solana ecosystem personality noted, adding: “The universe is quite literally trolling me at this point. Again: I am not involved, neither is Helius Labs nor Helium nor Helio nor Heliux nor Helicopter.”

On Monday, medical design firm Forward Industries completed its first major Solana acquisition, becoming the largest publicly traded Solana treasury after amassing nearly $1.6 billion worth of SOL.

Last week, Canada-based SOL Strategies started trading on the Nasdaq Exchange, increasing its exposure to investors beyond the Canadian Stock Exchange and OTC markets. The firm has about $100 million worth of SOL in its treasury, though users have pledged a much larger tally to its network validator business. Based on its August business update, SOL Strategies now has 3.6 million SOL delegated to its validators, or greater than $820 million in assets under delegation.

Earlier this month, medical device packaging company Sharps Technology announced the acquisition of 2 million Solana, creating a $400 million treasury. Over the past three weeks, DeFi Development Corp, previously known as Janover—a real estate financing platform turned AI services firm—has added more than 603,000 SOL, bringing its tally above 2 million SOL.

Consumer products manufacturer Upexi now also holds more than 2 million Solana, nearly tripling its total, after multiple SOL purchases since June. And Classover, an edtech company, announced in June that it had purchased about 6,500 SOL as the first step in a plan backed by a $500 million convertible note program dedicated to acquiring and staking SOL.

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September 16, 2025 0 comments

GameFi Guides

Dogecoin and Solana Look Poised to Break September Crypto Curse: Analysis

by admin September 15, 2025

In brief

Dogecoin surged 11% and Solana 10 % in the last week, defying seasonal crypto trends
Federal Reserve is expected to cut rates this week as inflation moderates to 2.9%, which bodes well for risk assets.
Users on the prediction market Myriad are signaling growing bullish sentiment. Here’s what the price charts have to say about it.

The crypto market is trying to rewrite the “Red September” playbook, with major altcoins like Dogecoin and Solana finding investors still have an appetite for riskier bets.

The Altcoin Season Index touched 80 points today—the highest it’s been so far in 2025. Meanwhile, the Crypto Fear and Greed Index climbed to 53 points from 39 at the beginning of the month, signaling growing bullish sentiment across the board.

On the normie side of Wall Street, the S&P 500 advanced 0.85% to 6,587.47 and the Nasdaq gained 0.72% to 22,043.07, both hitting record highs, providing a supportive backdrop for risk assets as markets price in an 89% chance of the Federal Reserve cutting interest rates at the September 17 meeting.

The Federal Reserve has kept interest rates between 4.25%-4.50% since December 2024, but markets are now expecting at least a 0.25% cut at the upcoming meeting. On Myriad, a prediction market developed by Decrypt’s parent company Dastan, users place the odds of a 0.25% rate cut at 88%.

Core inflation at 2.9% and unemployment rising to 4.2% in July provide the Fed cover to begin easing, potentially unleashing the roughly $7 trillion sitting in money market funds into risk-on assets, including stocks and crypto.

Here’s what the charts are looking like today:

Dogecoin (DOGE) price: Breaking out—but beware

Dogecoin has been on a roll over the last week, rising by over 11%, which is typically an indicator of retail investments in crypto coming back.

Today, though, appears primed for a correction, with DOGE so far dipping about 5% in the last 24 hours and currently trading for $0.2649.

Dogecoin price data. Image: Tradingview

Despite today’s drop, the technical picture shows strength.

The Relative Strength Index, or RSI, for Dogecoin is at 60, which traders would normally interpret as bullish. RSI measures trading momentum, with readings below 30 signalling oversold territory and above 70 signally overbought. At 60, DOGE is hot, but not yet overbought, meaning traders would expect more upside to come.

The Average Directional Index, or ADX, for DOGE is at 26, which confirms a trending environment. ADX measures trend strength, regardless of direction, on a scale from 0 to 100. ADX readings above 25 tell traders there’s a trend in place, and the recent upward movement is strong enough to be considered directional.

But current price support for the token at around $0.23 shows the current correction underway would lead to more short-term downside, but it isn’t yet cause for alarm for traders.

Exponential moving averages, or EMAs, give traders a sense of price supports and resistances, based on price averages over the short, medium, and long term.

When looking at both the 50-day and 200-day EMAs, Dogecoin is currently trading well above both moving averages, with the gap between them widening. That’s a pattern traders call “bullish divergence,” which typically occurs in strong uptrends. When shorter-term averages pull away from longer-term ones, it signals sustained buying pressure across multiple timeframes.

In terms of price movement, Dogecoin finally broke its bullish symmetrical triangle, first testing support near the the 20-day EMA before climbing back.

Key Levels:

Immediate support: $0.25
Strong support: $0.22 (psychological level)
Immediate resistance: $0.28214 (recent high)
Strong resistance: $0.30000 (major psychological barrier)

Solana (SOL) price: What Red September?

Solana may be the standout coin so far is what is historically a bad month for crypto assets.

SOL is up nearly 10% since last Monday, now trading at around $232 with a market cap above $126 billion.

The token today peaked at $244.08 before consolidating at its current levels, falling back to the upper side of an ascending channel that has been in place since early August when the coin entered into “golden cross” territory.

A golden cross happens when the average price of an asset over the last 50 days crosses above the average price over the last 200 days. This is widely interpreted as a strong bullish signal, because it shows prices are accelerating upwards more quickly over time.

Solana price data. Image: Tradingview

Like with DOGE, technical indicators for Solana paint a bullish picture, with a slight warning that a small correction could be in the cards.

SOL’s RSI is at 65, which shows strong buying momentum approaching but not yet reaching overbought territory above 70. The ADX at 33 confirms exceptionally strong trend strength. Readings above 30 indicate a powerful directional move that trend-following traders (and their algorithm setups) typically capitalize on. For swing traders, an ADX this high tells them to continue trading with the trend rather than anticipate reversals, since momentum tends to persist at these levels.

The EMA configuration (the average price of Solana in the last 50 and 200 days) reveals SOL trading decisively above both the 50-day and 200-day moving averages. But the Squeeze Momentum indicator, which traders use to determine trends or price compressions before the next big move, is showing a bearish impulse that creates an interesting divergence in the data.

This contradiction between price action and momentum suggests the market is at an inflection point—either momentum will catch up to price (bullish continuation) or price will correct to match momentum (bearish reversal).

In either scenario, we may see a small dip in the immediate future. But the overall picture on SOL remains bullish in the medium to long term.

That bullish sentiment is reflected in the shifting odds on SOL markets on Myriad. Users now believe there’s a 90% chance Solana hits $250 before dropping to $130, up roughly 15% since last week. Myriad users also believe it’s likely Solana hits a new all-time high price above $294 this year, placing those odds at 59%, up from 45% last week.

Key Levels:

Immediate support: $218 (current consolidation)
Strong support: $207 (support of the channel)
Immediate resistance: $244.08 (recent high)
Strong resistance: $260.00 (psychological target)

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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September 15, 2025 0 comments

Crypto Trends

Solana Firm SOL Strategies Hits the Nasdaq: ‘Being Underestimated Is an Advantage’, Says CEO

by admin September 14, 2025

In brief

SOL Strategies is a Solana infrastructure firm that manages validators and runs a SOL treasury.
The firm’s CEO Leah Wald sees it as an “underdog” when compared to others, but calls that an “advantage.”
Shares in the firm went live for trading on the Nasdaq last week.

Solana infrastructure and treasury firm SOL Strategies sees itself as an underdog in an increasingly crowded market of publicly traded crypto businesses and digital asset treasuries—but it doesn’t mind.

Shares in the Canadian-based venture went live for trading on the Nasdaq Exchange on Tuesday, increasing its exposure to investors beyond the Canadian Stock Exchange and OTC markets where it previously traded.

Though shares finished the trading day up 7.5% to $7.37 on Friday, they ended the week down 43% from the debut.

“I do see us as an underdog,” SOL Strategies CEO Leah Wald told Decrypt. “We are a tiny technology company out there in a sea of technology companies.”

Wald, who became the firm’s CEO in July 2024 after years of working in the crypto industry, said she appreciates the opportunity to take the fight to larger and better established firms in the space.

“Being underestimated is absolutely an advantage. It gives us room to execute and focus on building without the distractions that come with being overhyped,” she said. “In crypto, being underestimated often means you’re doing something right. The market rewards substance over hype in the long run, and that’s exactly where we want to be positioned.”

In that effort, the firm has positioned itself as a core contributor to the Solana ecosystem, operating a validator business that earns yield from assets delegated or staked to its validators.

Based on its August business update, it now has 3.6 million SOL delegated to its validators or greater than $820 million in assets under delegation, helping it more than double its annualized revenues in Q2 when compared to Q4 of last year.

From those delegated assets, it earns around an 8% yield, a percentage similar to what it earns for staking the assets held in its Solana treasury via its owned validators, providing it a dual-income stream it called “market-agnostic” in a recent investor presentation.

In other words, it will earn a percentage on the assets delegated to its validators regardless of whether SOL’s price goes up or down.

Building an effective business is the winning strategy that will ultimately allow the firm to succeed where others may fail,” said Wald, who characterizes SOL Strategies as a “digital assets treasury (DAT)++.”

“It’s the three-to-five year strategy to be the digital asset treasury (DAT)—plus, plus,” Wald told Decrypt.

“The market likes the DAT story,” she said. “We have a massive SOL treasury and it is an explicit mandate of mine to grow it… but the plus being the business—that’s where I think others will fail.”

Wald says the additional plus comes from the alignment of its treasury and validator business.

In addition to the 3.6 million SOL delegated to its validators, the firm also holds more than 435,000 SOL—nearly $100 million worth—on its balance sheet as part of its treasury strategy, placing it among the largest publicly traded Solana treasury companies.

It wasn’t always focused on Solana though.

It only got its new name a year ago this month, rebranding from Cypherpunk Holdings to SOL Strategies to align its brand with the speedy layer-1. Prior to the change, the firm had already begun cementing its focus on Solana though, selling off Bitcoin holdings and shares of Animoca Brands to help bolster its treasury.

Despite being early to the Solana treasury trend, accumulating SOL long before the asset made its new all-time high of $293 in January, Wald said she’s “only become more bullish” on Solana, citing the network’s community and developer activity.

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September 14, 2025 0 comments

NFT Gaming

Solana Enters Top 5 Cryptos With $126B Market Cap, Galaxy Digital Fuels Rally

by admin September 13, 2025

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

Solana (SOL) has solidified its position among the world’s largest cryptocurrencies, surpassing Binance Coin (BNB) to secure the fifth spot by market capitalization.

As of September 12, 2025, SOL trades at $ 237.90, giving it a market capitalization of $126.4 billion. The rally marks a 6.8% gain in the past 24 hours and over 15% weekly growth, driven by surging institutional interest and strong on-chain activity.

SOL’s price trends to the upside on the daily chart. Source: SOLUSD on Tradingview

Analysts stress three key catalysts behind Solana’s momentum: Nasdaq’s approval of a Solana-focused listing, growing speculation over spot ETFs, and continuous network upgrades that strengthen its position as Ethereum’s closest competitor.

Galaxy Digital’s $536M Solana Bet

A major driver of the rally was Galaxy Digital’s reported purchase of 2.31 million SOL tokens worth nearly $536 million within 24 hours. Blockchain data confirms transfers from Binance, Coinbase, and Bybit to Galaxy-controlled wallets, fueling speculation that the firm is aggressively backing Solana’s growth.

This move follows Galaxy’s leadership in a $1.65 billion private placement for Forward Industries (NASDAQ: FORD), which is transitioning into a Solana-focused digital asset treasury. Forward’s stock soared 135% in five days, proving investor excitement.

Galaxy CEO Mike Novogratz declared the start of a “Solana Season,” citing regulatory progress, ETF optimism, and Solana’s unmatched scalability as reasons for the aggressive accumulation.

ETF Hopes and Network Growth Accelerate Adoption

ETF speculation continues to boost Solana’s appeal. Reports suggest a 90% chance of a Solana ETF approval by late 2025, with applications from VanEck and Fidelity already in review. With staking yields around 7%, analysts believe Solana is well-positioned to attract yield-focused ETF structures.

Meanwhile, Solana’s network fundamentals remain robust. August data shows 58 million monthly active users and $15.3 billion in total value locked (TVL), fueled by activity across DeFi, NFTs, and memecoins.

Recent upgrades, including the Alpenglow upgrade and the upcoming Firedancer client, promise greater scalability and reduced congestion.

With institutional capital flooding in, ETF approvals on the horizon, and technical upgrades boosting performance, Solana’s momentum shows no signs of slowing. Analysts now eye potential price targets between $300 and $400 in the coming months if bullish conditions persist.

Cover image from ChatGPT, SOLUSD

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September 13, 2025 0 comments

GameFi Guides

Solana Hits $241 as TVL and Institutional Interest Surge

by admin September 13, 2025

Solana (SOL) climbed 5.5% on Friday, reaching a daily peak above $241. This price action, which marks a new high since late January, follows a surge in both institutional capital and decentralized finance (DeFi) activity within the ecosystem.

According to CoinMarketCap, Solana traded at $240.54 at press time, with a 24-hour trading volume of $12.09 billion. The token was up 5.75% in the last 24 hours.

The rally gained traction earlier this week after Forward Industries announced a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital. This news led to a sharp move in SOL’s price above $215, with momentum accelerating further after the deal closed.

Additionally, among them is BIT Mining which revealed the addition of 17,221 SOL to its treasury while preparing to change its NYSE ticker to SOLAI.

Technical Signals Point to Further Gains

On the technical side, analyst More Crypto Online highlighted a bullish setup for Solana on X, stating, “$SOL has formed a bullish cross on the monthly MACD. This aligns well with the bullish projection.”

According to the chart, SOL is currently trading robustly at around $241.42. The key resistance levels are now set at $374.24, $566.26, and $856.81, as indicated by Fibonacci retracement targets. These points could serve as potential selling zones if the rally is sustained.

Additionally, Solana’s DeFi ecosystem has hit a new all-time high. The total value locked (TVL) reached $13.01 billion, as reported by DeFiLlama.

According to the data, the new figure comes after a recovery from 2023 lows and surpasses previous peaks from 2022. With a rise in TVL, usually an increase in user activity and liquidity.

Market Confidence Continues to Build

The rising DeFi activity and institutional investment have contributed to a significant increase in market confidence. Traders on Myriad, a prediction market, have become increasingly bullish. Over the past week, those betting that Solana will hit $250 before dropping to $130 rose from 66% to 89%. The spike in sentiment shows trust in SOL’s upward trajectory.

Rising DeFi activity and institutional investment play a big part in Solana’s recent boom. If buying momentum continues, SOL could test Higher resistance levels.

Also Read: Galaxy Digital Buys $536 Millions in Solana From Binance, Bybit

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September 13, 2025 0 comments

NFT Gaming

Solana Surges Again as Galaxy Digital Buys Over $700 Million in SOL

by admin September 13, 2025

In brief

Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows.
The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm.
Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.

Investment firm Galaxy Digital has purchased over $700 million in Solana within the past two days, as part of its investment in SOL treasury firm Forward Industries. And the price of Solana has continued to rise, all the while.

Galaxy has been transferring SOL mostly from Binance—and also from Coinbase—across multiple transactions, with data from Arkham Intelligence indicating that it has bought just over 3 million SOL since Wednesday.

The asset manager may be making these purchases on behalf of Forward Industries, in which it has led a $1.65 billion investment, with participation from Jump Crypto and Multicoin Capital.

Incorporated in 1961, Forward is a Nasdaq-listed product design company that’s using the proceeds of this week’s raise to build what will be the world’s largest publicly traded Solana treasury, with Galaxy responsible for acquiring and transferring the bulk of the SOL.

Galaxy’s collaboration with the firm comes as it takes a keener interest in Solana, which it described as “uniquely positioned to power the next generation of capital markets” in a tweet announcing its investment.

Galaxy founder and CEO Mike Novogratz also discussed the merits of Solana in an interview with CNBC’s Squawk Box on Thursday, declaring that Solana’s blockchain can process “14 billion transactions” per day.

Summarizing why Galaxy is excited about Solana, he said, “You’ve got a blockchain that’s now fast enough, tailor-made to be the blockchain for financial markets.”

He then referred to remarks made by SEC Chair Paul Atkins, who on Wednesday gave a keynote speech in which he discussed the agency’s Project Crypto push—its “sweeping initiative” to encourage “our markets to move on-chain.”

And because of the alignment of these two factors, Novogratz affirmed that he’s calling the current period “the season of SOL.”

This belief in Solana is reflected in the sheer size of Forward Industries’ $1.65 billion raise, in which Galaxy has taken a leading role. And such belief may ultimately have a snowball effect, with Solflare co-CEO and co-founder Vidor Gencel telling Decrypt that it’s a “clear signal” of institutional conviction in Solana.

“Nearly triple the size of the largest existing Solana treasury, this move marks one of the largest institutional bets on Solana to date, underscoring growing confidence among traditional companies in SOL’s long-term value—and we are already seeing the market position ahead of potential inflows,” he said.

Solana is currently up by 6% in the past 24 hours, rising above $241 for the first time since January on the back of Forward’s announcement of its completed $1.65 billion raise. SOL has risen by nearly 19% over the last week, making it the second-biggest gainer among the top 10 assets by market cap, behind Dogecoin.

According to Gencel, Galaxy’s focus on Solana is a sign that SOL is now being “seriously considered” as a treasury asset for institutions, whereas only Bitcoin and Ethereum had been major contenders.

Other industry figures agree that Galaxy’s new interest in the altcoin is a strong signal to other institutions that Solana is investable at scale.

“The network is seeing record activity, DeFi TVL growth, and major ecosystem traction,” said Satraj Bambra, co-founder and CEO of trading platform Rails. “This isn’t just a trade—it’s a vote of confidence that Solana will be a core layer of the crypto economy going forward.”

This could have a big impact on SOL’s price going forward, with Bambra suggesting that Galaxy’s purchase “kicks off a flywheel.” He added that potential Solana ETFs, which are awaiting SEC approval, “could open the floodgates for new demand.”

When combined with approaching upgrades such as Firedancer—a new validator client that will boost Solana’s throughput and improve network stability—the approval of SOL ETFs could be a major catalyst.

“Near-term, I see SOL tracking flows and ETF headlines; long-term, it’s about usage growth and cementing itself as a top-3 asset,” Bambra concluded.

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September 13, 2025 0 comments