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You are here: Home / Archives for Solana (SOL)

Solana (SOL)

Solana Price Action: Will It Break $147 Resistance or Fall to $140?

June 15, 2025 by Yahya

  • Solana consolidates between $141 support and $147 resistance, signaling market indecision.
  • Bearish momentum persists, but market structure remains stable with healthy volume ratios.
  • Low volatility and mixed indicators suggest waiting for breakout confirmation before trading.

Solana (SOL) is consolidating following a temporary setback. This uncertainty in the market has seen the cryptocurrency squeezed between important support at $141 and resistance at $147. Analyst AgentXBT highlighted that SOL is trading at $145, right below the critical level of $146. This price behavior is an indication that the market is stabilizing between bearish and bullish forces.

The overall sentiment is bearish, with the momentum of Solana declining by 9.54%. Despite this, the market structure has remained relatively stable, and volume ratios are a healthy sign, indicating continued activity. The MACD crossover (-2.74) and the neutral RSI (40.03) indicate the possible short-term weakness, but the asset is yet to enter the oversold territory. The market is uncertain, but not about to collapse straight away.

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Source: X

In technical terms, the decreasing width of the Bollinger Band (BB) of 19.77% is an indicator of the possible increase in volatility. Directional Movement Index (DMI) values of 27.9/37.6 show that the trend is weak, and the Average Directional Movement Index (ADX) value of 14.8 indicates that the market is ranging. Amid these conflicting signs, the $141 area of support is quite solid, which may cushion additional declines.

Solana’s Uncertain Short-Term Outlook

In the short term, the situation with Solana seems to be uncertain, and the market demonstrates mixed indicators. Even though the negative MACD line is indicating a bearish momentum, the neutral RSI line is showing that a reversal is still possible. Traders should monitor the price action near the $146 pivot point. A breakout on the upside of $147 or a pullback on the downside of $140 may offer clearer direction on the direction of the next trend.

On the part of traders looking to take advantage of existing market conditions, a long position might be taken around the $141 support level. A tight stop would be below $140, and targets would be $147, 151, and 157. Alternatively, traders may take a short position should SOL break down below $140, with targets of $136 and $123. The short scenario would, however, be invalidated by any price action above $147.

With the existing low volatility and medium liquidity, traders must apply risk management. Position sizes are to be kept small, and it is best to wait until an explicit breakout confirmation before establishing any aggressive positions. Such a reserved style is instrumental in dealing with the unpredictable price behavior of Solana.

Related Reading: Solana (SOL) Price Prediction: Bulls-Eye Breakout Towards $179

Filed Under: News, Altcoin News Tagged With: Crypto, Crypto news, Cryptocurrency, Solana (SOL), Solana Price Analysis, Solana Price Prediction

SEC Hits Pause on Grayscale Hedera ETF Amid 2025 Hype

June 13, 2025 by Mwongera Taitumu

  • SEC delays Grayscale Hedera ETF, seeks public comments now
  • Final Hedera ETF decision deadline set for November 11
  • Bloomberg sees 80% approval odds for Hedera ETF in 2025

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s spot Hedera ETF. The delay comes as the regulator initiates an extended review instead of a final verdict. The decision is part of a larger trend of delayed ETF verdicts on various crypto-linked products.

Grayscale filed its spot Hedera ETF application in February, and the SEC faced a second deadline on June 15. However, the commission extended the review and decided to request public feedback. This step allows more time for assessment and maintaining the regulatory process.

The SEC seeks comments about how appropriate Hedera is as the based asset. It wants to know about the risks of market manipulation, pricing transparency, and investor protections. The Commission guarantees a thorough consideration prior to a possible approval or rejection.

Decision on Grayscale Hedera ETF Expected in November

Although there is no guaranteed approval schedule, the SEC must issue a final decision by November 11. This deadline also covers the Canary’s spot Hedera ETF application, which suffered a second delay earlier in the week. Both applications are within the standard review periods set aside to review ETFs.

The SEC stated that the start of the review process does not indicate a conclusion. This procedure allows comprehensive assessment and collection of stakeholders’ responses to inform the SEC decision. This matches the SEC approach to cryptocurrency ETFs over the past years.

Analysts state that there is increased optimism that spot crypto ETFs will be approved in 2025. Bloomberg Intelligence predicts that the Grayscale Hedera ETF has an 80% chance of approval next year. 

Approval Odds for altcoin-based ETFs Surges

Other altcoin-based ETFs have even better approval odds, with a 90% chance of approval for Solana and Litecoin ETF proposals. Analysts support these figures and believe that the SEC will approve a number of products in the next few months. The market participants view recent amendments in Solana ETF filings as positive regulatory steps.

Bloomberg ETF experts predict that there could be a wave of altcoin ETF approvals. They predict that Solana will lead, followed by other high-profile applications. 

In contrast, other market analysts believe that the Grayscale XRP Trust could be approved ahead of Solana. ETF Store President Nate Geraci pointed to XRP’s regulatory history as one factor. The decision could indicate how the SEC focuses on products that have clear legal provisions.

Grayscale still waits for the results of several ETF submissions amid increased investor expectations. The market is confident of future approvals despite continued delays. The next few months will likely determine the wider outlook of altcoin-linked ETFs in the U.S.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Filed Under: News Tagged With: Canary Spot Hedera ETF, Grayscale Hedera ETF, Litecoin ETF Odds, Solana (SOL)

Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz

June 12, 2025 by Bena Ilyas

  • Crypto whale spent $2.48M (14,850 SOL) on FARTCOIN, fueling memecoin buzz on Solana.
  • FARTCOIN’s valuation hit $1.33 billion as crypto investors anticipate a Coinbase listing.
  • Solana nears $175 resistance, gaining strength from overall crypto market momentum and volume.

Recent on-chain data shows sustained interest in FARTCOIN, a rising memecoin on Solana. A crypto whale withdrew 14,850 SOL from Binance, converting it into 1.68 million FARTCOIN, according to Lookonchain. Such large transactions often precede major market moves, suggesting traders should stay alert for shifts in liquidity and price behavior.

The SOL price during the transaction hovered around $160, based on market data from Binance and Coinbase on June 12, 2025. The transaction coincided with a 3.2% increase in Solana’s daily trading volume, reaching $2.1 billion.

A whale created a new wallet 3NgFx6 and spent 14,850 $SOL($2.48M) to buy 1.68M $Fartcoin.https://t.co/qs47Qioep3 pic.twitter.com/YWZ6ECi3T9

— Lookonchain (@lookonchain) June 12, 2025

Crypto Whales Accumulate FARTCOIN Ahead Listing

With FARTCOIN set for an imminent Coinbase listing, investor demand especially among whales is rising. Expectations surrounding the 2025 altseason and favorable U.S. crypto regulations have amplified altcoin appetite. FARTCOIN is emerging as a focal point, supported by whale activity and upcoming exposure on a top-tier exchange platform.

Following weeks of bullish momentum fueled by Coinbase listing rumors, FARTCOIN recently faced resistance near the $1.5 mark. Still, it has gained around 40% in the past seven days. With a fully diluted valuation of $1.33 billion and a daily trading volume of $376 million, FARTCOIN remains a mid-cap standout in the memecoin sector.

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Source: X

Solana Approaches Key Resistance as Market Heats Up

Solana has shown renewed strength after consolidating below $160. It’s now pressing against a major resistance zone just below $175 a barrier that’s rejected multiple advances before. The broader market, led by Bitcoin and Ethereum, is helping lift sentiment. Still, SOL remains far from previous all-time highs.

SOL is currently trading at around $165.80 on the daily time frame after regaining the 50-day SMA at $160.99. The price is now getting closer to the 100-day SMA at $175.70, a level that has been a critical area for a long time. An upsurge from the support area of $142–$145 has formed a bullish configuration, thus, the price is now prepared to stretch the declining resistance twice.

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A successful break above $175 may trigger a revisit of the target area of $190–$200. However, if no new high is formed and we get a downward dynamic, SOL might come down to the support area of $155–$160. With volatility rising across altcoins, traders should monitor these technical levels closely for decisive moves in the coming days.

Read More: The Ultimate List of 6 Best Cryptos for 100x Potential With High-Utility Features

Filed Under: News, Altcoin News Tagged With: Crypto, Cryptocurrency, FARTCOIN, Price Analysis, Solana (SOL), Whale Activities

Solana’s Slowdown: Is This Cooling Period the Calm Before a Big Storm?

June 12, 2025 by Yahya

  • Solana’s trading volume decrease hints at a cooling phase, raising questions about a potential market surge.
  • The market slowdown could be part of a natural cycle, possibly setting up for a bigger movement.
  • The potential approval of Solana’s Spot ETF may trigger a significant price surge in the near future.

Solana On-chain Indicators Indicate a Cooling Period, and it has generated curiosity in the Cryptocurrency Market. An analyst at CryptoQuant highlighted some insights regarding this trend and stated that there has been a visible decrease in trading volume on both the Solana spot and futures markets. This decline in volumes has led to speculation as to whether this is just a downturn prior to a possible market explosion.

The analyst notes that the cooling down can be observed in bubble charts that track the volume of trading on the exchanges. The spot volume chart, identified with a green color, is showing a reduction in the trading activity, whereas the futures volume map, presented in gray color, is showing a neutral stance with minor change. These indicators suggest a cooling market, but the analyst proposes that it may not be a cause for concern.

The reduced trading volumes have been viewed as an indication of the slowing momentum, although the experts opine that it may be a normal market cycle. The analyst describes that during times of low activity, it may be the accumulation of a bigger movement. 

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Source: X

Solana Spot ETF Approval

The possibility of a Solana Spot ETF approval is one of the reasons behind the growing optimism. Analysts at Bloomberg James Seyffart recently suggested this approval is within sight. In that case, the acceptance may result in a spike in trading volumes of Solana, boosting its price and market activity. This possible catalyst is one of the reasons why there is such a bullish sentiment in Solana, despite the cooling trend.

However, even with this decrease in trading volume, Solana is still of interest to investors. Analysts think that this slowdown in activity may be the calm before the storm. The prospective ETF authorization is likely to become a catalyst for major market shifts, as new opportunities to invest will appear.

The price of SOL may be the start of bigger price actions. Investors and traders are advised to closely monitor any news regarding the Solana Spot ETF, as it may become the beginning of the next significant movement in the market.

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Source: X

Although the conditions of the market within Solana point to the cooling-down period, it may also be a sign of a significantly larger shift that is yet to happen. With the Spot ETF approval becoming more likely, Solana might be setting up for a major breakout. The following few weeks would decide whether this cooling-off period would just be the calm before the storm.

Related Reading: Nasdaq Files First 21Shares SUI ETF, SEC Review Process Begins

Filed Under: News, Altcoin News Tagged With: Crypto, Crypto news, Cryptocurrency, Solana (SOL), Solana ETFs, Solana Storm

Solana Surges on Explosive ETF Buzz, Bulls Target $183 Breakout

June 11, 2025 by Bena Ilyas

  • Solana trades at $165 with $5.41B volume, showing strength as RSI and MACD turn bullish.
  • SEC requests S-1 updates, signaling ETF approval may arrive within 3–5 week.
  • Solana ETF approval odds hit 85–90% for Q4 2025, with $187 resistance and rally potential.

Solana has stepped into a new phase of optimism as investor sentiment surges. The token has shown steady price growth and resilience, currently trading at $164. Its 24-hour trading volume sits around $5.41 billion, with a market capitalization nearing $86 billion—pointing to renewed market interest and momentum.

Solana is up 3%, currently testing its 50-day Simple Moving Average (SMA) and the $163 resistance. If it flips this zone into support and breaks the upper boundary of a descending channel, the price may target the 200-day SMA and $183 resistance. If rejected, support lies near $142 on the downside.

SOLUSDT 2025 06 11 00 47 45 1749599275231

The Relative Strength Index (RSI) has now moved above the neutral 50 line, signaling rising bullish strength. Meanwhile, the MACD indicator is nearing a bullish crossover above its red signal line. If completed, this could amplify buying pressure and trigger a more aggressive uptrend in the days ahead.

SEC Activity Sparks ETF Momentum

A major catalyst behind this optimism is regulatory. The U.S. SEC has asked issuers of Solana ETFs to revise and resubmit their S-1 filings. This signals potential acceleration in the ETF approval timeline, with some analysts forecasting approvals within three to five weeks—ahead of the originally expected year-end timeline.

According to Bloomberg’s James Seyffart, this shift indicates the SEC may be preparing to approve Solana and staking ETFs sooner than expected. The agency is currently focused on 19b-4 filings, which govern proposed rule changes. This increased attention on Solana suggests it may be prioritized over other altcoins.

Blockworks also reported that the SEC’s request for updated S-1 forms likely reflects positive momentum in the ETF approval process. Citing people familiar with the matter, it noted that a regulatory green light could come this summer, potentially sparking broader altcoin interest and ushering in a new market wave.

Solana ETF Approval Odds Surge

Solana may soon join the ETF ranks, with approval odds soaring to 85–90% for Q4 2025. Analyst point to the SEC’s recent move requesting updates to S-1 filings as a strong signal of progress.

Odds of a Solana ETF getting the green light in four months look strong, with analysts pushing 85–90% by Q4 and the SEC actively shaping S-1 filings right now.

Recent price pops have matched ETF headlines, with $SOL surging 3–6% on positive news and strong support building in…

— Alva (@AlvaApp) June 10, 2025

SOL has reacted positively to the ETF reports, surging from 3% to 6% at crucial times. The coin is currently gaining powerful technical and psychological backing from local traders at $155 and $165, and the animals’ sentiments are running high on both social media and among established players in the markets.

Smart Money accumulation and favorable technical indicators add to optimism. If approval is given, $SOL might find significant price fluctuations, with $187 as the resistance level and a subsequent surge to the highest points of the current cycle—particularly when the institutional demand is on par with that of Bitcoin ETFs.

Read More: Canary Marinade Solana ETF: Canary Capital Files For Bold Staked Solana ETF in Delaware

Filed Under: News, Altcoin News Tagged With: Altcoin ETF, Crypto, Cryptocurrency, Price Analysis, Solana (SOL), solana etf, Solana News, Solana price

Solana Whale Dumps $7.5M, Market Eyes Explosive Breakout

June 9, 2025 by Bena Ilyas

  • A Solana whale is unstaked and moved 50,017 SOL worth $7.52 million to Binance on June 8.
  • Since April, the whale withdrew 175,062 SOL valued at $25.16 million but still holds 1,126,767 SOL.
  • SOL trades near $149 with resistance at $176.99; breakout could trigger strong bullish momentum.

Major on-chain activity has put Solana under the spotlight again after a whale unstaked and transferred massive amounts of tokens to Binance. Data from Onchain Lens reveals that 50,017 SOL worth $7.52 million was unstaked on June 8, and a matching transfer was sent to Binance shortly after.

The whale further has unstaked 50,017 $SOL worth $7.52M and transferred 50K $SOL to #Binance.

In total, the whale has unstaked 175,062 $SOL, worth $25.16M in the past 2 months after 4 years of staking.

The whale still holds 1,126,767 $SOL worth $168.44M in staking.… https://t.co/Iu3XTBBFaI pic.twitter.com/gbtkPbv8sh

— Onchain Lens (@OnchainLens) June 8, 2025

A day earlier, the same wallet transferred 25,008 SOL worth $3.7 million, followed by another 50,000 SOL move. Since April, the whale has withdrawn an impressive 175,062 SOL, valued at $25.16 million. These tokens had been staked for over four years, suggesting a strategic portfolio reallocation. Despite the regular outflows, the whale retains a hefty 1,126,767 SOL currently worth $168.44 million in staking. 

Technical Outlook: Breakout or Breakdown Looms

On the weekly chart, SOL trades near $149, lodged between resistance at $176.99 and support at $140.87. This range is considered neutral but offers breakout potential. A move above resistance may confirm bullish strength, while a fall under $140 would invalidate the existing uptrend pattern.

Solana saw renewed momentum recently, gaining 1.26% in 24 hours to trade at $152.03. This lift brought its market capitalization to $79.79 billion, aligning with its daily percentage increase. Such performance reinforces Solana’s growing appeal across both retail and institutional sectors.

SOLUSDT 2025 06 09 08 23 26

Trading volume increased by 7.90% to $2.01 billion, indicating that the investors’ interest in the market is growing. When the volume goes up, the prices often go up too, which means that there might be a chance of the prices going up further. The investor community is still careful, but it looks brighter after these changes.

Solana Resistance Break Could Confirm Recovery

Elliott Wave analysis suggests that Solana may have completed a lengthy Wave 4 correction. The market now appears to be in an early phase of a final wave 5 bullish cycle. If accurate, SOL could retest or even exceed its previous all-time high through strong upward impulses.

Current wave patterns on the daily chart place SOL in wave 2 of wave 5. A rebound from the $140–$150 range could ignite wave 3, typically the most aggressive phase in this model. Neutral RSI readings further support the idea of an upcoming upward breakout.

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Despite the challenges raised by the macroeconomic environment and the movement of whales, there are still some reasons to believe in the continued bullish trend of the market from a technical perspective. If the resistance levels are broken decisively in the next few sessions, a recovery scenario will be confirmed and Solana’s short-term direction will be strengthened.

Read More: Solana’s V-Shaped Recovery: Can It Break $152 for a Bullish Surge?

Filed Under: News, Altcoin News Tagged With: Crypto, Cryptocurrency, Price Analysis, Solana (SOL), Solana News, Solana price, Solana whale activity

Solana Price Dips Below Key Levels: Is $145 the Next Stop for SOL?

June 8, 2025 by Mishal Ali

Key Takeaways:

  • SOL remains under key moving averages, signaling continued selling pressure.
  • Momentum indicators suggest the potential for further downside in the short term.
  • Key support at $145 may be retested if the bearish trend persists.

Solana’s hourly chart shows caution for the bulls since it continues to trend downward. Currently, prices remain locked below the 5-, 10-, and 20-period moving averages, which are all sloping downwards. This configuration affirms the short-term bearish bias, as each retracement is met with selling at resistance levels.

After struggling to hold prices above $150, Solana dropped back down to trade around $147.81, indicating strong rejection near the $155 resistance zone.

The moving averages act as a dynamic resistance, where the shorter 5MA and 10MA have crossed below the 20MA, indicating a downward pressure.

image 93 1

Each minor rally attempt has lost momentum quickly, suggesting a lack of follow-through buying interest. The hourly volume also remains modest, lacking the surge needed to reverse this entrenched trend.

Solana’s RSI Signals Ongoing Weakness Below Key Level

The Relative Strength Index (RSI) remains under the halfway mark of 50 on the hourly frame, confirming that recent bounces off prices have not been strong enough. For most of the RSI’s duration on the chart, it remained in the lows, with only a short-lived bounce that liked to fall again.

The failure to enter bullish territory demonstrates weakness and fading confidence from buyers. Of particular interest is the earlier dip of the RSI around the 30 level when prices had tried to make a small rally that failed to hold.

image 93 3

Since then, the RSI has notched lower again in tandem with price rejection in the $150-$155 region. Too bearish momentum is outlined by the RSI since no solid break above 50 was registered.

MACD Turns Bearish Again As Bulls Lose Steam

Further confirming the bearish scenario is the MACD indicator, which recently completed its bearish crossover. In fact, the MACD line crossed below the signal line while histogram bars are turning red, indicating another wave of declining momentum.

Importantly, this crossover occurred just after a brief bullish attempt in which the MACD went positive for a short while before succumbing again.

image 93 5

With momentum shifting back to sellers and price unable to sustain levels above $150, Solana is at risk of revisiting the $145 support area. A dip below that level would then likely provide room for further declines.

Unless the MACD manages to regain higher ground and depict positive divergence, any recovery in the near term would be under cap. Solana keeps showing exhaustion signs, and until buyers take control of the moving averages, the bias remains bearish in the short term.

Related Reading | Bold Bet: Trump Media Files S-1 to Launch Truth Social Bitcoin ETF

Filed Under: News, Altcoin News Tagged With: Cryptocurrency, Price Analysis, Solana (SOL)

Solana’s Upward Trend: Will It Reach New Heights or Face a Reversal?

June 4, 2025 by Yahya

  • Solana (SOL) remains bullish within an ascending channel, with potential for further upward movement.
  • The key support level at $151.70 will determine if Solana continues its upward trend or shifts to bearish.
  • A break above $164.50 could fuel further growth, while a drop below $151.70 may signal a bearish reversal.

Solana (SOL) is still moving upward, staying within an ascending channel as defined by the trend. The price of the cryptocurrency is at $156.60, after it had risen from the bottom of the channel and the 0.618 Fibonacci retracement level. The way the price is rising indicates possible higher prices, since traders expect the upward movement to continue if the trend continues.

Rose Premium Signals highlighted that when the price hits the lower channel boundary, there is a good chance of continuation in a bullish trend. If the trend continues, Solana might aim for major resistance points. The first major resistance is located around $188.89, at the center of the price channel, where buying pressure may halt the uptrend. If Solana breaks through this level, $206.07 becomes the next target at the very top of the channel, showing where the price movement might broaden.

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Source: X

More Crypto Online has revealed that Solana’s price is below the $164.50 resistance, which suggests that a fourth wave may appear. If the price moves lower past $151.70, it may signal the beginning of a fifth wave on the downside, leading to bearish market sentiment. If the price climbs even further, it suggests a bigger B-wave, which could continue the positive trend.

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Source: X

Solana’s Trend Outlook

The upcoming days will determine whether Solana can sustain itself at the tested levels. If the cutting edge is reached at $164.50, it will support the chances that the cryptocurrency will rise even more. Falling below $151.70 may suggest that the price is starting to decline, and a bearish trend could emerge. Watching these levels closely will give traders a good idea of how SOL prices may develop.

The trend of Solana’s price in the ascending channel is the main factor in predicting its future performance. If the cryptocurrency passes the current resistance points at $188.89 and $206.07, it might see a strong occurrence of buying pressure. 

SOL continues to move upwards inside the ascending channel. Whether the cryptocurrency stays supported at important levels will be key for its direction. A rally above $151.70 could cause further growth, whereas going below could be an early sign of a bearish shift. Traders need to monitor these levels to determine if the market may shift.

Related Reading: XRP Surges Past Resistance, Now Targeting $2.76 Price Level

Filed Under: News Tagged With: Crypto, Crypto news, Cryptocurrency, Solana (SOL), Solana Price Analysis, Solana Price Prediction

Solana Foundation and Dubai VARA Launch Economic Zone for Web3 Startups

June 3, 2025 by Mwongera Taitumu

  • Solana, VARA sign MoU to create a blockchain innovation zone in Dubai
  • Kazakhstan’s AIX taps Solana to enable tokenized IPOs on blockchain
  • Solana partnerships drive global regulatory-aligned blockchain growth

The Solana Foundation has formed two major partnerships to boost its role in international blockchain innovation. The MoU with Dubai’s Virtual Assets Regulatory Authority and Kazakhstan’s AIX-Interbix alliance, aim to integrate blockchain with real-world finance and policy. These actions show Solana’s commitment to follow rules worldwide and boost the use of Web3.

Solana Foundation Signs MoU with Dubai’s VARA

The MoU with Dubai VARA introduces the Solana Economic Zone, a planned blockchain innovation hub for founders, investors, and developers. It will make it easier to get regulatory help and facilitate workshops for licensing, compliance and expanding the ecosystem. At the same time, this project helps Dubai achieve its goal of leading in digital assets.

Joint programs will help to improve local talent such as technical and regulatory skills in the UAE. They consist of advice and structured guidance designed for startups in the early stages of blockchain.  Solana and VARA will exchange anonymized data to assess blockchain’s impact on economic growth.

The MoU was signed by VARA CEO Matthew White and Solana Foundation President Lily Liu.

Inside Solana Economic Zone

The Economic Zone will provide a direct link between builders and Dubai’s regulatory framework. VARA’s standards will help founders understand and follow the latest policy guidelines. Regular interactions with investors and regulators will support early-stage innovation in a compliant environment.

Economic research and studies on specific industries are important parts of the agreement. Solana and VARA intend to create joint reports to track the virtual asset contributions to GDP and job growth. The results of these reports will guide future policy and help develop regulations.

This comes after a similar deal with SuiHub MENA which shows Dubai’s effort to build its Web3 ecosystem with different partners. VARA seeks to build a unified digital asset governance model through consistent support and clear regulations. Solana has joined Dubai’s digital asset regulation efforts to boost the city’s global position.

Solana Foundation Deal With Kazakhstan

Solana Foundation has also signed a multi-party MoU with AIX, Interbix and Jupiter in Kazakhstan. The MoU seeks to launch an IPO on both traditional stock exchanges and tokenization on the blockchain. AIX-listed companies will be able to issue tokenized shares with Interbix’s platform on Solana.

The model will depend on Jupiter’s decentralized platform for tokenization and compliance with regulations. The Solana blockchain will provide security and scalability. The goal is to offer a seamless, hybrid channel for companies to raise capital.

Related Reading | Bitcoin Forms Bullish Cup & Handle Pattern Aiming for $200K 

Filed Under: News Tagged With: AIX, dubai, Interbix, Jupiter, Solana (SOL), Solana Foundation, VARA

NewGen Makes Bold $30M Solana Staking Bet as Blockchain Strategy Grows

June 3, 2025 by Mwongera Taitumu

  • NewGen allocates $30M to Solana staking via credit facilities
  • SOL whale transfers raise short-term price concerns
  • NewGen forms new digital unit to manage blockchain expansion

NewGenIvf Group Limited has invested $30 million in Solana staking, which adds SOL to its digital asset portfolio. This comes after the company invested $1 million in Bitcoin in December 2024 and improved its blockchain position. The company wants to raise shareholder value and spread investments through decentralized finance.

The $30 million allocation will be funded through two credit lines, which include $26 million from ATW and $100 million from White Lion. NewGen plans to establish a new company that will manage all digital asset operations. The new structure will enable the company to focus on operations and blockchain investments.

NewGen Expands Asset Portfolio With Solana Staking 

The CEO confirmed that the Solana investment supports the company’s long-term plan of asset diversification. NewGen joins many other public firms that use blockchain for new sources of income. Solana lets people who hold its tokens receive passive rewards and ensures the network is more secure and scalable.

The announcement shows that NewGen trusts the blockchain’s role in Web3 and decentralized protocols. Solana is currently known for its fast transactions, ability to handle many users, and growing use in DeFi and business sectors. Staking allows users to gain rewards and also helps the ecosystem grow.

Public Firms Flood Solana Investments

NewGen’s blockchain approach is similar to other public firms like Janover, Classover Holdings, and Upexi, which have chosen Solana. Classover announced up to $500 million in SOL investments, while Upexi invested $100 million. The firm wants to achieve long-term returns and be the first to use DeFi infrastructure.

In Canada, SOL Strategies Inc. filed a $1 billion shelf prospectus for future Solana developments such as tokenization and validator support. This demonstrates that more institutions are interested in SOL and that there is more competition for blockchain capital. NewGen’s move shows a shift in the market toward decentralized tools for yield generation.

SOL Price Analysis 

Analysts and traders are cautious about the price movements of Solana. SOL trades at $152.59 with a market cap of $79.71 billion but has declined 18% in the last ten days. It is still one of the busiest blockchains in the industry.

Recently, a whale moved 2.8 million SOL worth $441 million to a Binance cold wallet, which caused temporary concerns. The first wallet links back to Binance three years ago, raising speculation about its purpose. Although it wasn’t a direct sale, the market was cautious because of the huge transfer.

According to technical analysts, the price is in a corrective phase and found resistance zones using Elliott Wave theory. The bounce is testing the Fibonacci levels at $157.09 and $161.95 as well as upper resistance at $173.26. If the levels are broken, Solana might rise, but if they hold, it could fall to $122.77.

Related Reading | Bitcoin Momentum Buyers Drop as Profit Takers Increase: Glassnode

Filed Under: News, World Tagged With: NewGen, Sol Strategies, Solana (SOL), Solana Price Analysis

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