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Solana Whale Unstakes 100K $SOL After 4 Years, Sits on $153 Million Profit

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  • A Solana whale who staked 991,079 SOL in 2021 has now made a profit of over $153 million, with a current holding of 1.29 million SOL worth over $180 million.
  • The whale recently withdrew 100,000 SOL (worth about $13.9 million) to Binance, possibly for selling, but still holds 1.19 million SOL.

A Solana whale has made over $153 million in profit after staking tokens for four years. Recently, they withdrew about $13.9 million worth of SOL but still have more than a million coins in their wallet.

The whale drew attention to himself after taking out about 100,000 SOL, worth nearly $13.9 million, from his staking account and sending it to Binance.

According to Lookonchain, the whale staked 991,079 SOL in 2021 when the price was trading at about $27. At that time, the total cost of buying 991,079 SOL was almost 27 million.

After four years, the whale grew his holdings to 1.29 million tokens, which are now valued at more than $180 million, with Solana trading at about $140. On the 22nd of April, the investor took out a little profit by moving a portion of the money to Binance exchange, a step that many believe could be linked to selling.

Despite this move, about 1.19 million SOL still remains untouched. In total, the whale is sitting on a profit of more than $153 million, suggesting that the withdrawal is a more calculated move rather than a full withdrawal.

Solana Gains Amid Recent Volatility

Recently, Solana has shown a mix of strength and price swings. Currently, Solana is trading at $151.49 and has been up by 8.2% in the last 24 hours. Even with this small rise, the token has stayed between $134.72 and $150.35, suggesting it’s moving sideways instead of breaking out.

Over the last seven days, the price jumped by 21.6%, doing better than the overall crypto market, which rose 5%. In two weeks, it climbed more than 42%, but its monthly increase is just 8.3%, showing some ups and downs after having a strong move earlier in the month.

Related Reading | Solana beats resistance: key levels to watch after 17% weekly gain

Cardano & Solana Show Bullish Divergences; Experts Say This Token Could Be the Next Shiba Inu

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With the crypto arena abuzz with optimism in April 2025, Solana (SOL) and Cardano (ADA) are displaying bullish divergences, which indicate continued reversals from recent losses, based on analysts’ oversold altcoin analysis. 

With optimism being fueled by Cardano’s zero-knowledge upgrades and institutional backing by ARK Invest in Solana, traders are waiting for breakouts. But a new Defi coin is now in the spotlight, with analysts buzzing about its potential to replicate Shiba Inu’s record-breaking 2021 performance. Let’s dive in.

Cardano’s ZK Upgrade and Institutional Support Drive Recovery Hopes

Cardano (ADA) is showing its rebounding spirits, trading at around $0.65 today. Its DeFi stablecoin market capitalization has recently hit $30.77 million following the latest Halo 2 zk-SNARK update for private-focused smart contracts.

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Additionally, the Plomin hard fork enhances scalability, including a 20% dApp growth. Meanwhile, Trump’s inclusion of Crypto Strategic Reserve, provides institutional strength. 

Technicals point to a bullish divergence on the daily chart, as RSI (22.41, CoinDesk) rises against lower price lows, showing a potential for rallying to $0.945 by the end of the year in case $0.74 resistance is broken.

Nevertheless, macro risks dominate. Trump’s 100-250% tariff threats, risk triggering inflation, in turn hurting altcoin sentiment, with Changelly forecasting a $0.40 decline if $0.62 support is broken. 

In spite of this, Cardano’s fundamentals and 1,500 GitHub commits in Q1, shows strength. If DeFi adoption increases, ADA could reach $2.50 in the coming months, top analysts say.

Solana Price Prediction: Cathie Wood’s ARK Gamble Suggests Sol Bright Future

Solana (SOL) is in the spotlight in April 2025, as its price has posted a dramatic resurgence to $140, a 2% 24-hour increase, and a market cap of over $72.5 billion making it a top blockchain contender. 

The most recent move by Cathie Wood’s ARK Invest to purchase 475,000 shares of the 3iQ Solana Staking ETF (SOLQ) worth $4.95 million through its ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) is a historical first for U.S.-listed funds.

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This investment, in addition to Solana’s 65,000 transactions per second scorching speeds and 40% per annum developer growth rate, is backing its growing institutional appeal. Nevertheless, President Trump’s tariff threat still introduces volatility that may hamper SOL’s upswing if markets falter.bear tariff-driven drop would see $100.

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Visioning 2025, Changelly expects an average of $250 driven by DeFi and NFT adoption to as high as a $310 mark in 2026 if institutional interest and inflows sustain momentum. While tariffs loom as a wildcard, Solana’s fundamentals and ARK’s endorsement position it for a breakout, making it a coin to watch.

Remittix Is Pioneering the Real-World Utility Charge in Crypto

In a space filled with hype coins and unrealistic claims, Remittix (RTX) is catching the eye of serious investors by doing something unusual in crypto—providing real-world utility. 

Its PayFi protocol enables users to trade over 40 cryptocurrencies for fiat and send funds directly to bank accounts across the globe in minutes. That’s not a vision of the future—that’s now.

RTX presale, which is priced currently at $0.0757, has raised over $14.5 million by selling over 528 million tokens. This performance places RTX among the top token sales of 2025. Each phase has sold out quickly, reflecting that the momentum is only growing.

Remittix not only enables transfers, the top defi coin also empowers businesses with its PayFi API so that merchants can accept crypto payments while receiving fiat without the volatility risk. That’s the e-commerce and freelancer revolution on a global scale. 

Add to that staking rewards of up to 18% APY, and you’ve got yourself a token built for long-term value and user acquisition.

Unlike other tokens that are still trying to find their use cases, Remittix is already solving costly and slow remittances. It’s not trying to be all things to all people—it’s doing one important, underserved niche really well with a fast, scalable solution. Join now and don’t get left behind.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix 

Solana (SOL) Eyes $152.80: Will the Bullish Trend Continue?

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  • Solana has been bullish since April, forming a five-wave structure that signals a potential market low.
  • Solana is approaching the $152.80 target, but the top of wave 1 remains unconfirmed, introducing some uncertainty.
  • Despite bullish signals, Solana’s volatility requires cautious monitoring for possible price fluctuations.

Solana is one of the few altcoins that have been bullish since April this year and is currently on a strong uptrend. The longer timeframe shows five clear movements or waves in the price action. More Crypto Online revealed that this kind of situation implies the presence of a market low. However, the first wave has not had a distinctive top yet, so some uncertainty remains. 

Solana’s Bullish Momentum

The price action has become quite popular amongst traders and investors alike. The relative consistency in Solana shows that the cryptocurrency is likely in an upward trend. The five-wave formation, one of the technical analysis tools, points to the possibility of a further increase in the asset’s price. But, once again, it is necessary to be careful since the top of wave 1 is still a possible bearish divergence.

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Source: X

Currently, people interested in the cryptocurrency market are paying much attention to Solana. More Crypto Online announced earlier that the cryptocurrency is running towards $152.80. This target was mentioned during one of the live streams in the past. This is a level that Solana needs to achieve if it is to bounce back from the lows that have characterised its performance in the past.

Risks and Volatility Ahead

The absence of a confirmation bar for wave 1 at the top means that the price may have more fluctuations. Like other cryptocurrencies, the availability of prices is volatile, with sometimes sudden fluctuations. Thus, investors have to be very careful in constantly checking for any change in the direction of the markets.

This has been a result of various market analyses of the performance of Solana over the last few weeks. This is evident after the company reached its lowest point in April but has since then turned a new bend and is improving. Some remain more convinced by the positive outlook that might bring an additional uptrend. AS of press time, SOL is trading at $152.70, showing a 9.53% increase over the past day.

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Source: TradingView

The price setup seen in Solana has some very bullish patterns going on. The cryptocurrency has steadily been rising as it approaches the $152.80 that has been discussed on the live stream. Nonetheless, there is no confirmation on the top for wave 1 yet. The next several days will be decisive for whether it is possible to maintain an upward trend and climb to new levels on Solana.

Solana beats resistance: key levels to watch after 17% weekly gain

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  • Solana surges over 7% to $148.35 with robust market momentum and institutional interest.
  • Technical indicators suggest overbought conditions but highlight continued bullish potential.
  • Whale activity and major fund movements spotlight growing confidence in Solana over Ethereum.

Solana (SOL) is currently trading at $148.35 at 18:00 UTC today, marking a 7.06% increase in the last 24 hours. Its trading volume soared to $4.65 billion, up by 17.43%, confirming strong participation. The past week has seen SOL rally over 17%, underpinned by renewed institutional interest and improving network fundamentals.

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Source: Coinmarketcap

The price action of Solana is still structurally bullish, with momentum indicators like the Average Directional Index (ADX) at 100, denoting a very strong trend. The MACD indicates a positive divergence, and although the Relative Strength Index (RSI) at 76.32 indicates overbought levels, the underlying power favors further upside potential.

Volume has held firm, although slightly lower than a peak of $4.82 billion, and the Bollinger Band expansion of 12.61% indicates a surge in volatility to come. Technical levels to monitor are resistance levels at $147–152 and levels of support at $138, with cautious positions recommended below the $132 level.

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Source: X

Solana holdings grow to $180M for whale investor

Heavy wallet action contributed to market interest. One of the leading Solana whales, having staked nearly a million SOL in 2021 at a price of $27 a token, totaling a $27 million stake, now has their holdings valued at 1.29 million SOL, or some $180 million.

In April, the whale unstaked 100,000 SOL, valued at approximately $14 million, and sent the tokens to Binance, a gesture that has been widely interpreted as a possible sale. This new development came after a massive removal of lock-up earlier this April, where four accounts holding $37 million in staked SOL had their assets unlocked, tokens that have since increased to over $206 million in value.

Such whale movements, combined with Solana briefly leading Ethereum in staking market cap dominance on April 20, highlights increasing investor optimism but sparks debate over token distribution and centralization.

Solana Short-Term signals stay bullish

Although there are positive indications in the short term, longer-term expectations are cautious. Changelly is projecting an average price in 2025 at $148.66, with a moderate return of -3.5%. A tighter range of $136.68 to $144.42 is anticipated in April 2025.

With this current volatility measured at 2/10, traders should adopt disciplined risk management. Entries to the $138–141 level strategically on pullbacks are preferred, with continued guarded optimism in the market to absorb significant moves by the whales.

Meme Coins Expect a Bull Run Very Soon as Solana’s TVL Reaches All-Time High – Watch Out for These 100x Meme Coins 

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The next wave of meme coin mania may already be brewing — and the trigger this time isn’t just social media buzz, it’s blockchain fundamentals. Solana’s Total Value Locked (TVL) has just hit a new all-time high, signaling surging on-chain activity, rising investor confidence, and most importantly, a strong setup for altcoins and meme tokens riding the Solana ecosystem.

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Historically, high TVL moments precede major rallies in associated assets. With meme coin season building momentum and Solana’s ecosystem flush with capital, the stars are aligning for some explosive breakouts. Let’s break down the meme coins poised to take full advantage of this bullish setup — including the new beast on the block: Dragoin ($DDGN).

Solana TVL Sets New Record — Here’s Why It Matters

According to recent data, Solana’s TVL has soared to $4.65 billion, the highest level in its history. This surge reflects a massive uptick in DeFi activity, NFT adoption, and capital rotation back into Solana-based projects.

More importantly, TVL isn’t just a metric — it’s a proxy for confidence and liquidity. High TVL means more money locked in decentralized apps, which increases demand for native assets and meme coins alike. In 2021 and 2023, similar spikes preceded meme coin bull runs on Ethereum and Binance Smart Chain. Now, Solana’s turn may be next.

With that in mind, here are some meme coins positioned to capitalize — including the one that’s taken the meme world by storm.

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Bonk (BONK): The Original Solana Meme Coin

Launched with a now-iconic airdrop in late 2022, Bonk quickly became the face of Solana meme culture. It injected life back into the ecosystem during the bear market, delivering both entertainment and early returns. What separates Bonk from other meme coins is its continued presence — not just as a joke, but as a symbol of Solana’s community resilience. As TVL grows, so does Bonk’s relevance, and its grassroots momentum could fuel another parabolic move.

Dogwifhat (WIF): The Viral Icon

A Shiba Inu wearing a pink beanie might seem like a meme in passing, but Dogwifhat (WIF) is now a cultural artifact in the Solana community. What began as an absurd meme gained explosive traction in early 2024, with WIF reaching a sizable market cap despite zero intrinsic utility. The secret? Vibe. WIF thrives on community-driven virality and relentless posting, and that alone has made it a trader favorite. As Solana heats up again, WIF may return to its top-performer status.

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Solaxy (SOLX): Layer-2 Hype Meets Meme Culture

Solaxy is Solana’s first native Layer-2 built with meme coin scalability in mind. Its presale success has been substantial, and its narrative — solving L1 congestion while supporting memecoin launches — hits the sweet spot between technical innovation and retail hype. Solaxy positions itself as both infrastructure and entertainment, which is why the project has gained major traction on DEXs and crypto Twitter. As Solana’s TVL rises, Solaxy could emerge as the meme coin gateway for future Solana-based tokens.

Dragoin ($DDGN): The Meme Coin to Rule Them All

While Solana-based tokens are heating up, one Ethereum-based meme coin is cutting through the noise — and flying higher than any dragon before it. Meet Dragoin ($DDGN), the Telegram-powered, play-to-earn meme coin that’s currently dominating 2025’s presale charts.

Dragoin is built for engagement. Users hatch, train, and battle their dragons in a gamified experience that lives natively on Telegram — where crypto communities are most active. Every in-game interaction earns $DDGN tokens, fueling demand in a real, sustainable way.

But the real kicker? Dragoin is currently priced at just $0.0000292, while the confirmed launch price is $0.002. That gives early investors the potential for a 100x return — with every presale stage burning unsold tokens to drive scarcity.

As other meme coins prepare to ride Solana’s wave, Dragoin is carving out its own path — with a built-in audience, sticky gameplay, and a roadmap that includes NFT dragons, exchange listings, and tournament rewards.

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This isn’t just another meme — it’s the coin everyone will wish they bought early.

Final Thoughts: Bull Run Incoming — and Meme Coins Will Lead It

With Solana’s TVL hitting record highs, on-chain activity booming, and meme culture back in the spotlight, we’re staring at a recipe for the next major meme coin explosion.

Projects like Bonk, WIF, and Solaxy are perfectly positioned within the Solana ecosystem to benefit from rising capital flows. But it’s Dragoin, with its multi-chain reach, P2E ecosystem, and early-stage firepower, that stands as the most exciting opportunity of the cycle.

Investors who missed DOGE, SHIB, and PEPE might just have their next 100x staring them in the face — if they’re bold enough to ride the dragon.

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Institutional Player Bets Big on RCOF Leaving Solana and Cardano Behind 

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Solana (SOL) and Cardano (ADA) holders may soon be outperformed by RCO Finance (RCOF). The emerging altcoin secured a $7.5 million investment from a major institutional player, positioning it as a potential leader in the DeFi space.

RCO Finance is now backed by over $14.7 million, and its token price has jumped from $0.1 to $0.13 due to rising demand.

With an impressive list of features such as the Robo Advisor, smart portfolio management, and demo trader, RCO Finance is shaping up to have a stronger rally than Solana and Cardano in 2025.

Solana and Cardano Experience Mixed Fortunes

The crypto market has had its highs and lows in 2025. Solana reached a new high close to $300 in January but tumbled to less than $100 before recovering to $140. This has left Solana more than 40% above its 2025 lows.

In contrast, Cardano surged to a local high close to $1.30 in November but has since dropped to $0.62. Market experts are expecting a recovery for Cardano, but it may be a while before it enjoys a stronger rally

Solana has a history of rising up and surpassing expectations due to its institutional support. This could bode well for the Solana price.

RCOF: Institutional Player Bets $7.5 Million on Utility and Interest

RCO Finance’s token presale is one of the best opportunities for early investors to earn huge profits in crypto. The team has been working hard behind the scenes, releasing plenty of practical features to help traders conquer the markets.

The groundbreaking releases have attracted smart money, with a more institutional player investing $7.5 million in the project. This is only the first step, as more institutional capital is projected to flow into the project.

RCO Finance is an advanced financial platform that offers traders sophisticated tools such as the Robo Advisor. With this tool, traders have access to personalized trading strategies that use real-time updates to consistently beat the market with timed investment calls.

Users of the Robo Advisor tool would have been recommended to buy FLAKY (FLAKY) before it surged 826% in 24 hours.

In addition, RCO Finance launched its beta platform and quickly gained over 10,000 sign-ups. In just a few weeks, the number of users has ballooned exponentially to 285,000, highlighting its importance to new and experienced traders.

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Even with these milestones, the team has been relentlessly releasing new features.

RCO Finance has an AI-powered smart portfolio management system to show traders the breakdown of their asset allocations in real time. 

With its multi-asset class support, traders have access to over 120,000 assets across crypto assets, bonds, stocks, ETFs, and commodities.

Traders have also welcomed RCO Finance’s AI investment advisor, which gives them recommendations based on their risk level. The AI investment advisor is centered on capital preservation and portfolio growth.

For new traders, the demo trading environment gives them a feel of the market without risking real capital.

These key features make it easy to understand why RCO Finance has gone institutional – this project has utility and investor interest.

Invest in RCO Finance Today Before VCs Come In

There is a limited window period for traders to scoop up the RCOF token before venture capital firms come in numbers. After securing $7.5 million from a leading venture capital firm, RCO Finance is set to experience a massive price increase as institutions invest in the project.

A renowned crypto analyst predicted that “RCO Finance could enjoy a massive rally like Solana did in the 2020 bull market due to a mix of investor sentiment, utility, and community growth.”

This is the best time to join RCO Finance’s presale and gain maximum returns. The presale is projected to sell out fast due to growing institutional interest, undervalued price, and unmatched utility.

Act now and stake your claim in RCO Finance’s token presale before it goes parabolic.

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For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join the RCO Finance Community

From $27 to $166M: Solana (SOL) Staker Unloads $13.9M, Keeps Massive Stake

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  • An early Solana investor who turned $27 into a fortune has over $166 million worth of SOL after the withdrawal of $13.9 million.
  • According to on-chain data, the long-term staking yielded a massive $153 million gain.
  • This move has been a major topic in the crypto community, with two features being highlighted: the openness of blockchain technology and the risks of holding large amounts of cryptocurrency.

A Solana (SOL) whale has garnered the attention of the crypto community after they withdrew some of its portfolio of crypto after more than four years of staking. According to blockchain tracking platform Lookonchain, the whale recently unstaked 100,000 SOL tokens — about $13.9 million — and put them on the popular cryptocurrency exchange, Binance. 

This move happened a couple of hours before it was posted on Lookonchain’s X handle, and it is said to be one of the most notable long-term stakes in the Solana ecosystem.

How Early Solana Bet Grew Into a Massive Fortune

On-chain data indicate that the investor staked 991,079 SOL tokens around four years ago when the price of SOL was slightly over $27.

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Source: X @Lookonchain

Indeed, the years of staking hasn’t been without consequences, but it continued to present a wealth of opportunities for early investors in crypto, as this early Solana bet shows. Despite the recent $13.9 million withdrawal, the whale still retains a massive amount of SOL tokens in stake. 

The numbers show that over $166 million worth of SOL still lingers in the account address. This means that even after withdrawing a very large sum, the investor has left a majority of their holdings in the network, which could be a signal that the investor is willing to continue investing in Solana. 

Crypto Community Watchers Are Stunned by $153 Million Profit

With a total value of investments exceeding $166 million and an initial entry on the token at $27, the investor realized gains exceeding $153 million. Blockchain explorer, Solscan clearly shows which tokens were staked, which were unstaked, and which were transferred in a transaction.

The exact reasons for the withdrawal have yet to be revealed, whether for profit-taking, portfolio rebalancing, or any other reason. This kind of activity provides many retail investors with both the potential and the risks of staking and holding through market cycles.

Solana Surges as Galaxy Digital Dumps $100M ETH Amid Meme Coin Boom

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  • Galaxy Digital swapped $105 million in ETH for Solana over two weeks, as Solana gained traction in meme tokens and DEX activity while Ethereum declined by 20%.
  • In the past three months, Solana has surpassed Ethereum in DEX trading volume amount and number of active users, showing that more people are using Solana and its ecosystem is getting stronger.

Solana has received nearly $105 million worth of Ethereum from Galaxy Digital, one of the leading crypto asset manager, in a strategic move due to the recent increase in the popularity of meme coins and the rapid growth of decentralized exchanges on the network.

According to on-chain data from Arkham, Galaxy Digital moved a large amount of Ethereum from their wallet to Solana over the past two weeks, mostly using Binance for the transfers. The data showed that the firm swapped 65,600 ETH worth around $105 million and received about 752,240 SOL, valued at roughly $98.37 million.


The company made this move after the price of Ethereum fell by 20% in a month and Solana went up by 8%. After the swap, it was recorded that Galaxy had 55,760 ETH left and 171,250 SOL. The timing suggests that Galaxy likely sees Solana as a stronger asset with more users, lower fees, and daily growing activities.


Solana Surpasses Ethereum in DEX Volume


In the last month, Ethereum has continually struggled with its falling price and slow network activities. An analysis from dune.com properly highlights this shift, showing that the decentralized exchange (DEX) volume on Solana passed $395 billion in the last three months, compared to Ethereum, which sits at $364.65 billion.

Screenshot 20250422 134421 Chrome
Solana Surges as Galaxy Digital Dumps $100M ETH Amid Meme Coin Boom 17


Solana is also leading with a little over 224 million active addresses, while Ethereum and its Layer-2 networks have just over 79.04 million combined. Following this recent change, the price of ETH has dropped again to the $1,600 range, showing more possible liquidations. Meanwhile, SOL climbed back to $140, with expectations of it growing as its on-chain activity rises.

The activities on Solana have also grown thanks to Pump.fun and PumpSwap, the new exchange launched by the platform.

Solana price eyes breakout: Ark invest bets big with ETF exposure

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  • Solana trades steadily amid bullish signals and rising volume.
  • Technical patterns point to a breakout or retest scenario, depending on resistance response.
  • Ark Invest’s SOLQ ETF adoption reflects growing institutional faith in Solana.

Solana (SOL) is currently trading at $139.58, showing a marginal decline of 0.39% in the past 24 hours, even as its trading volume has surged by 16.91% to reach $3.91 billion. Over the past week, SOL has climbed 4.92%, underlining a steady uptrend despite short-term volatility.

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Source: Coinmarketcap

Technical analysis by parody analyst Donald J. Trump, closely followed for satirical but astute crypto analysis, details pivotal resistance at $142.07 and stiff support close to $113.71. Short-term prospects remain bullish on account of rising volume, an indicator that can suggest future price strength.

The trade plan that is presented is for three individual situations: bullish breakout over resistance, pullback on rejection, and bounce off support. Before traders enter on the long side, they should wait for technical verification, most notably for a close above resistance on high volume.

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Source: X

Ark invest adds Solana via 3iQ staking ETF

Adding institutional weight to the technical optimism is Ark Invest’s recent allocation into Solana via the Canadian-listed 3iQ SOL Staking ETF (SOLQ). The ETF, which provides both exposure to SOL and staking rewards, has been integrated into two of Ark’s flagship funds: ARKW and ARKF.

Ark’s first foray in a Solana staking product is an indicator of greater curiosity about decentralized finance outside of the Ethereum environment. In an environment where U.S. regulatory uncertainty remains, even Ark’s embrace of cross-border crypto ETFs suggests new tactics for gaining regulated access to digital assets.

By staking, Ark’s funds aren’t just holding SOL but actively being part of its network, thereby potentially influencing institutional interest in mechanisms for passive income on blockchain.

Solana April 2025 price forecast

Solana’s medium-term forecasts are still optimistically cautious. Changelly‘s, April 2025 forecasts range from $139.89 to $151.48, with an average of $145.69, indicating a potential 9.6% ROI. The wider 2025 overview puts an upper limit at $142.07, although averages are higher at $156.40.

This combination of technical analysis and institutional participation can act as a catalyst for future development. As investors consider resistance levels in relation to strategic plays such as Ark’s, SOL’s part in the next crypto adoption wave is becoming more concrete.

Nasdaq-Listed Upexi Skyrockets Over 600% After Announcing $100 Million Solana Treasury Plan

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  • Upexi’s stock surged 632% following its $100M raise for a Solana treasury strategy.
  • GSR’s investment highlights growing institutional interest in Solana based treasuries.
  • Upexi will stake Solana tokens to enhance and expand shareholder returns.

Upexi, a consumer product brand owner, disclosed a $100 million funding acquisition on April 21, through which the company entered the cryptocurrency market. The company will allocate more than 90% of its funds to build a Solana (SOL) treasury strategy to acquire and lock up Solana tokens for long-term investor profit generation. Upexi joined other companies that embrace cryptocurrency by adopting non-traditional business approaches and transforming their treasury operation strategies.

Furthermore, it’s stock price increased over 500% after Upexi announced its entry into digital assets. The share price rose to $16.79 from its April 17 close at $2.30. The substantial increase in Upexi’s stock price reflects how the market views its entrance into digital assets positively.

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Source: Google Finance

Investment Backing and Institutional Interest

Several leading crypto venture capital firms affiliated with the family office of Arthur Hayes, Delta Blockchain Fund and Delphi Ventures provided financial support during the $100 million capital raise. These investors contributed to a sale of approximately 44 million shares at $2.28 per share. According to GSR, the crypto investment firm that led the raise this investment reflects a growing demand for secure access to high-quality crypto assets in public markets.

Jakob Palmstierna, President of GSR, emphasized the firm’s belief in decentralized finance (DeFi) and its commitment to supporting the growth of the crypto ecosystem. “This investment underscores our deep belief in the future of DeFi and our commitment to integrating digital assets into institutional portfolios,” Palmstierna stated. GSR’s support is substantial as its experience connects digital assets with traditional finance while driving faster adoption of blockchain technology.

Solana’s Role in Upexi’s Future Strategy

Holding Solana as a treasury asset reflects a broader trend in the crypto industry. Solana is used for its fast transactions, scalability with memecoins, and financial infrastructure running on its blockchain. With its latest move, Upexi joins several companies moving to Solana, including Janover, which recently adopted Solana for its treasury strategy.

Upexi intends to achieve consistent returns by staking Solana tokens, as the blockchain demonstrates performance and institutional investors’ wider shift toward crypto markets. The efforts reflect strategies adopted by firms such as MicroStrategy, which incorporated Bitcoin into its treasury strategy, resulting in a notable rise in its stock price.