Master of Crypto
Crypto Market Intelligence Publisher
Solana's dapp activity is now showing up in SOL's price. Solana apps generated $5.38M in revenue over 24 hours, twice Robinhood Chain, three times Hyperliquid and four times Ethereum. SOL has moved from $70.51 to $110.60 and is holding near the breakout area around $102. A break above $110.60 brings $112.60 and higher into focus. x.comÂ
Bitfinex whales are opening Ethereum longs at a pace seen only once before, in 2020 ahead of a 12x rally. Retail remains fearful around $2,300, but that positioning points to a rally. x.comÂ
Solana is now a much larger coin and has already had its big growth phase, so Bitcoin should recover first. Solana moves about 1.35x as much as Bitcoin, so a 1.5x Bitcoin move implies roughly $195-$200, not the $234 level at Bitcoin's $125K high. Solana should still reclaim its old high later this cycle. x.com x.comÂ
Solana faces a massive long flush soon because Wintermute has started sending a huge amount of SOL to Binance, in what looks like a coordinated shakeout. x.comÂ
Big money seems to be getting more interested in Solana after its double disinflation proposal passed. A whale bought $29.58 million of SOL on Binance today. x.comÂ
Solana is harder to fade because StonkFun's launchpad generated over $20 million in revenue in the last 30 days. SOL price action should follow. x.comÂ
Pump.fun's continuing Solana sales add selling pressure ahead of a predicted move to $95 before the weekend. It sent another $14m of SOL to Kraken and has sold $875m since 2024 at an average of $160. x.comÂ
Solana's 85-fold improvement in finality has yet to show up in SOL's price. Finality fell from 12.8 seconds to about 150 milliseconds yesterday, while SOL slipped 2% and sits near $104 in the accumulation zone. Most won't notice until price does. x.comÂ
Solana remains bullish through a mini onchain bear season because it keeps producing real innovation and novel products from really smart developers. Onchain activity is just as weak on Robinhood's chain and BNB, but once it picks back up, Solana's products and coins should rerate. x.comÂ
Solana has lost its moats: speed and retail mindshare carried it this cycle, and every narrative it was meant to own now has a stronger competitor. Memecoin attention is spreading to Robinhood, BNB and Base, Robinhood is coming for tokenized stocks, and Hyperliquid owns perps. Solana's perps did $8.9B last week, which Hyperliquid often does in a day. As more volume settles in its $15.5B of stablecoins, SOL matters less beyond gas. Pump.fun has sold about 4.8M SOL and expanded beyond Solana. … Show more
Solana's tokenized-equity spot momentum bolsters its case as an onchain equities venue. SolanaFloor reports Solana reclaimed first place in daily spot volume, exceeding all other chains combined. Solana may not compete with Hyperliquid in perps, but that does little to change this bullish view. x.comÂ