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SEC Delays Decision on Grayscale’s Spot Solana and Litecoin ETFs

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  • SEC extends review period for Grayscale’s Solana and Litecoin ETFs.
  • BlackRock’s Bitcoin ETF amendment opens for public comment.
  • SEC’s cautious stance reshapes digital asset regulatory landscape.

The U.S Securities and Exchange Commission (SEC) has postponed  its decision about the Grayscale Solana (SOL) and Litecoin (LTC) ETF proposals. The SEC said it requires more time to review the ETFs to ensure investors are protected and transparency in the market. These decisions have disrupted Grayscale’s plan to list spot cryptocurrency ETFs on the NYSE Arca exchange.

The SEC said in a statement that it needs more time to assess if the Solana and Litecoin ETFs meet the legal and market standards. The SEC seeks to ensure that these financial products meet the requirements of the Securities Exchange Act of 1934. Grayscale faces a more detailed review for each ETF, with several stages before they are approved.

SEC Invites Public Feedback on BlackRock’s iShares Bitcoin Trust

At the same time, the SEC has opened comment periods for several crypto-related proposals such as BlackRock’s plan to amend its iShares Bitcoin Trust. The SEC has launched a public comment period for BlackRock’s Bitcoin ETF redemption model.

This rule change would enable authorized participants to exchange their ETF shares for Bitcoin instead of cash in real time. Initially, the SEC approved BlackRock’s Bitcoin ETF to only allow cash redemptions.

SEC Delays Grayscale’s Crypto ETF Proposals

This delay in Grayscale’s ETFs happens after the SEC extended the review period for the Grayscale Solana Trust. The extended review periods seek to establish whether the fund meets investor protection and market integrity  standards. If the Solana ETF is approved, members of the public could buy and sell Solana-backed shares via traditional investment accounts.

Additionally, the SEC has extended the review period for the Grayscale Litecoin Trust. The SEC is currently reviewing the Litecoin ETF to determine if it adheres to the Securities Exchange Act.

SEC’s Cautious Approach to Crypto Regulation Under Atkins

Furthermore, the SEC continues to review an application for the 21Shares Dogecoin ETF. The ETF proposal intends to track Dogecoin’s price and let investors buy DOGE via traditional brokerage accounts. The ETF would be listed under Nasdaq Rule 5711(d), which is used for commodity-based trust shares.

The SEC’s extended review periods indicate a cautious approach to regulation of crypto products, especially under the leadership of Chairman Paul Atkins. Atkins has emphasized that the commission should conduct more public participation to enhance transparent crypto regulation policies.

The SEC has also dropped several enforcement cases which shows a shift in its approach to digital asset regulation.

HyperLiquid Whale Faces $3.32 Million Loss as Ethereum Surges

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  • Whale deposits $25M on HyperLiquid to short ETH, SOL, and BTC with 5X leverage.
  • Whale’s unrealized losses exceed $3.32M, including $1.2M from Ethereum short positions.
  • Hyperliquid’s trading volume hits $186.13M, marking a 26% increase in liquidity.

A whale on HyperLiquid, a decentralized perpetual exchange, has taken an audacious position by depositing $25 million to short Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) with 5X leverage. Data from Lookonchain reveals that the whale’s position has already incurred losses exceeding $700,000.

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This signals strong bullish pressure on Bitcoin, Ethereum, and Solana, raising the potential for a short squeeze. Traders should carefully monitor Hyperliquid’s liquidation levels, as such large positions could introduce increased volatility and price reversals in these major cryptocurrencies.

With an unrealized loss of $1.5 million at the time of reporting, the whale faces substantial risk. Ethereum’s surge, driving its price higher, has contributed significantly to these losses, with ETH short positions accounting for $1.2 million in unrealized losses.

According to Whale Alert,  the whale has recently added $12 million to its short positions, raising the total to $29 million. The total value of all short positions now exceeds $68.9 million, but the whale is currently grappling with a floating loss of $3.32 million.

Whale’s Short Positions Face Liquidation Risk

The recent 35% surge in Ethereum’s price over just one week has significantly impacted the whale’s short position. This growth has occurred despite broader market movements, leading to a diminishing Bitcoin dominance. 

Currently, Bitcoin’s dominance is approaching 60% after reaching multi-year highs earlier this month. However, Ethereum’s performance continues to outperform BTC and other altcoins this year. The whale’s short positions are subject to liquidation if Ethereum’s price spikes past $4,489. 

Since the whale’s account is cross-market influenced, a surge in any of the shorted assets could trigger liquidation across the entire account, intensifying the pressure on this position. Despite these risks, the whale continues to earn funding fees from shorts, as most traders are currently positioned long on Ethereum.

Hyperliquid Gaining Momentum Amid Market Fluctuations

As a whale increases its short position on Ethereum, Solana, and Bitcoin, Hyperliquid continues to gain momentum in the crypto space. Despite a 5.52% decrease in HYPE’s value over the past 24 hours, the token’s market cap has reached $8.14 billion, indicating the platform’s growing significance in decentralized trading.

Hyperliquid’s trading volume has surged to $186.13 million, reflecting a 26.02% increase, highlighting enhanced liquidity and rising investor interest. The platform’s recent achievement of a record-setting $5.6 billion in open interest demonstrates its strong position in the decentralized derivatives market.

HYPEUSDT 2025 05 12 07 26 52

Read More: Underdogs With 1000x Potential? Codename:Pepe, Hyperliquid, and Pi Network Could Define 2025’s Supercycle

Binance Fuels Solana Meme Coin Comeback With MOODENG and GOAT

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  • Binance Alpha listings of MOODENG and GOAT spark a strong revival in Solana’s meme coin market, with both tokens seeing rapid price surges and renewed investor interest.
  • GOAT, an AI-themed meme coin linked to the Truth Terminal chatbot, climbed 27% to $0.17, drawing interest from both traders and internet culture fans.
  • The listings signal growing legitimacy for meme coins, positioning them as tools for broader crypto adoption and on-chain engagement within the Solana ecosystem.

The meme coin market on Solana is witnessing a major resurgence following Binance Alpha’s high-profile listing of two emerging tokens, MOODENG and GOAT. These additions have not only triggered substantial price rallies but also reignited interest in Solana’s meme-driven ecosystem, which had cooled off amid prior controversies.

MOODENG, a meme coin themed around a Thai hippo mascot, has quickly become a standout performer. The token gained traction after receiving a nod from Ethereum co-founder Vitalik Buterin, who praised its cultural and community-driven origins.

Since its listing on Binance Alpha, MOODENG has surged by over 121%, reaching $0.2785 at the time of writing. The coin now boasts a market capitalization of $275.69 million, with trading volume up by a staggering 130.39%, signaling strong investor interest and market momentum.

MOODENG 1D graph coinmarketcap

Meanwhile, GOAT, a meme coin emerging from the Truth Terminal AI chatbot initiative, offers a fusion of artificial intelligence and internet culture. The project has caught the attention of traders and meme enthusiasts alike. Following its launch on Binance Alpha, GOAT’s price increased by 27%, hitting $0.17, and continues to gain traction as an AI-themed meme token.

The rapid price movements of both tokens reflect a broader revival in the Solana meme coin market, which had faced headwinds following incidents such as the LIBRA controversy. Binance Alpha’s strategic spotlight on these tokens has helped restore confidence and draw attention back to Solana-based meme projects.

“The recognition of the MOODENG character is a testament to the creative and community-driven nature of the crypto space,” a Binance Alpha spokesperson commented.

MOODENG Hits 989M Tokens as Binance Interest Grows

According to CoinMarketCap, MOODENG’s circulating supply now exceeds 989 million tokens, showcasing sustained growth over the past 90 days. The sharp rise in price and trading activity signals a potential long-term trajectory, especially as Solana’s infrastructure continues to evolve and attract both developers and meme communities.

This renewed momentum suggests that meme coins, once dismissed as novelty assets, are becoming increasingly important as a gateway to mass crypto adoption. What was initially perceived as a playful trend has now evolved into a key player in the broader cryptocurrency landscape. With the backing of influential platforms like Binance Alpha, which lends credibility and exposure, and a growing base of grassroots support, tokens such as MOODENG and GOAT are reshaping the narrative surrounding meme coins. These tokens are not just for entertainment; they’re driving engagement and fueling innovation on blockchain networks.

The rise of meme coins is now being viewed through the lens of their potential to onboard new users into the crypto ecosystem. As more people enter the space, meme coins are serving as a gateway to more complex blockchain applications and decentralized finance (DeFi) services. Their ability to capture the community’s imagination is a testament to the evolving nature of digital assets.

Moreover, the role of exchange listings in enhancing token visibility and market viability cannot be overstated. With Solana’s meme coin sector showing signs of growth, the industry is keenly observing whether tokens like MOODENG and GOAT can sustain their momentum and what new meme coins may emerge to capture even more attention in the future.

Related | Aptos (APT) Price Surge: Will $6–$7 Breakout Spark a Rally to $30?

Solana’s Chart Signals a Surge—How High Could It Climb?

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  • Solana rebounded from $142 support and gained 25% in a week, reaching $178.66.
  • Analysts target resistance between $195–$218, with bullish projections up to $617 or even $1,016.
  • About $165 million in cross-chain liquidity flowed into Solana, driving daily DEX volume up to $3.36 billion.

Solana is showing new strength after bouncing off critical support, drawing attention from market watchers. Technical analyst Master Ananda recently noted a recovery pattern that could open the door to major gains. At the time of his analysis, the token traded at $178.66 after gaining 25% in one week.

A broadening wedge formation is shaping up, with support found near the $142 mark. This area aligns with the 0.236 Fibonacci retracement level, which held steady during the recent correction. The bounce from this support, along with higher lows in the chart, points to buying pressure returning after a cooling period.

Ananda’s chart highlights a potential resistance zone between $195 and $218. These levels represent the 0.5 and 0.618 Fibonacci retracement levels, which often act as barriers before larger moves. If price clears this range, his next targets lie at $252 and $295.

Solana May Rise Above $600

Ananda’s most optimistic view puts SOL between $418 and $617 in the coming months. He identified these targets using 1.618 and 2.618 Fibonacci extensions. He stated that “within just a few months,” Solana could hit these levels if current trends remain strong. Further upside, in a more aggressive scenario, might lead to $817 or even $1,016, depending on how the broader market moves.

Solana 1
Source: Master Ananda

Another analyst, known as curb.sol, observed a bullish pennant forming on the 1-hour chart. According to him, “$200+ coming soon,” signaling strong expectations for a short-term breakout. His chart shows consolidation between $168 and $175, following a steep rally often referred to as a “flag pole.”

Bullish pennants often signal a continuation of an uptrend. Curb.sol believes that Solana is nearing a breakout, projecting a move up to $200, which would be a gain of about 15% from its current level. His chart highlights this forecast with a green arrow pushing above the $200 mark, reflecting his bullish stance.

Solana 2
Source: curb.sol

Liquidity Flows Support Price Momentum

Beyond charts and predictions, the real-world data supports this positive setup. Over the past month, $165 million in liquidity has been transferred into Solana from outside blockchains. Ethereum led with $80.4 million in bridged funds, while Arbitrum followed with $44 million. Base contributed $20 million, BNB Chain $8 million, and Sonic $6 million.

Activity on decentralized exchanges also supports this trend. According to DefiLlama, Solana processed $3.36 billion in DEX volume over just 24 hours. That gave the network a 23.10% share among all chains, topping other competitors in the DeFi space.

Solana 4
Source: DefiLlama

This strong market share reflects growing user trust and Solana’s ability to handle scale. Between high volumes, large liquidity inflows, and bullish chart formations, all signs point to a potential strong move ahead. If buyers stay active and resistance levels are cleared, the high targets outlined by analysts may not be far off.

Read More | SUI Price Prediction: Why $4.06 Could Mark the Start of a Major Rally

Solana Price Analysis: SOL Targets Breakout Above $175 Resistance

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  • Solana (SOL) is moving above key support at $150, signaling strong bullish momentum in the crypto market.
  • Technical indicators such as MACD and RSI support a potential breakout above the $175 resistance level.
  • A successful move above $175 could open the path for a rally toward previous highs and beyond.

Solana (SOL) is experiencing positive momentum in the market, with its price on the rise. The market is now displaying a bullish sentiment, and this has also influenced other altcoins. Technical indicators like RSI and MACD suggest a strong upward trend, prompting both traders and investors to keep a close eye on SOL as they hope for a recovery of recent losses.

At the time of writing, SOL is trading at $173.99 with a 24-hour trading volume of $4.48B and a market cap of $90.31B. The SOL price over the last 24 hours is up by 2.04%, and over the last week its price is significantly up by 19.23% and showing signs for further upward momentum.

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Source: CoinMarketCap

Solana (SOL) Eyes Breakout Above $175

According to a prominent crypto analyst, gemxbt, Solana (SOL) is trading within a noticeable upward trend, which is a reflection of optimism among investors and traders. SOL is holding strong above a critical support level at $150, while at a point of resistance around $175, a zone that is likely to define its next breakout.

Technical analysis indicates a steady bullish momentum. The Relative Strength Index (RSI), which had mounted into overbought territory, has cooled, creating more space for further rallies without presenting an immediate threat of a sharp correction. In addition, the Moving Average Convergence Divergence (MACD), a momentum oscillator, is poised for a bullish crossover, typically a signal for escalating prices.

image 123
Solana Price Analysis: SOL Targets Breakout Above $175 Resistance 9

Source: X

Notably, there has been reduced trading volume, which would signal a period of consolidation. This is a typical low-volume pullback that often indicates bullish configurations. If SOL can sustain support above $150 and break above the $175 resistance level, a new rally back towards highs could be very close.

Related Reading: Bullish XRP Targets Explosive $2.50 Breakout After Regaining Strength

Solana Price Prediction: Analysts Forecast $378 After Breakout Rally

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  • Solana (SOL) up 5.70% at $172.25 with a 17.35% rise in trading volume.
  • Breakthrough above $160 resistance, with targets of $222.90 to $316.01.
  • Institutional Growth: Increased adoption, including partnerships with BlackRock and Robinhood, boosts Solana’s market position.

Solana ($SOL) is currently trading at $172.25, up 5.70% in the last 24 hours. Accompanying this price action is a sharp rise in trading volume, now at $7.44 billion, an increase of 17.35% in the same period. 

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Source: Coinmarketcap

Analysts attribute this resurgence to a confirmed breakout above a symmetrical triangle pattern, following a rebound from the $120 support level.

Technical charts favor a continued uptrend. The breakthrough of the top resistance level of $160, along with rising volume, has provided stronger market belief. The price has firmly stayed over the $160 figure, an important level in order to retain the bullish pattern. 

The projections indicate a potential target of $222.90 and $316.01 by using the triangle height method. The overall direction is upward based on historical highs and in alignment with long-term moving averages.

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Source: X

Solana’s Growing Role in Blockchain and Finance

Recent events have entrenched Solana even deeper in the changing blockchain-financial environment. A new tie-up between blockchain infrastructure company Superstate and token issuance company SOL Strategies has been designed to seek out the issuance of tokenized public shares on the Solana blockchain. 

The push under “Opening Bell” is an attempt to bring decentralized technologies in sync with conventional financial models. While no tokens have yet been issued, the non-binding agreement is an important step toward regulation engagement and future market transformation. 

The choice of Solana for this project indicates its perceived resilience and suitability for compliance-grade financial use. Furthermore, growing adoption by institutions, highlighted by BlackRock participation and Robinhood tokenization plans in Europe, boosts Solana’s market legitimacy.

Solana price prediction for 2025

Analysts project that Solana can break its all-time high level of $294.33 by 2025 and post a figure as high as $378.24. The rationale for optimism is based on technical trends and increased investors’ confidence. 

The increasing use of its blockchain in tokenized equity markets indicates its flexibility under changing regulation and macroeconomic conditions.

As financial markets increasingly integrate decentralized systems, Solana’s infrastructure benefits in regard to speed, scalability, and developer adoption make it a top contender for institutional-grade adoption. 

External factors, though, in the form of policy changes and international trade dynamics, are variables that can impact the direction.

Related Reading | Pi Coin at Overbought Levels, Consolidation or Correction Ahead

Altcoins Poised for a Massive Comeback Against Bitcoin

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  • Altcoins‘ recovery potential is high, with Michael van de Poppe suggesting the current market conditions offer a rare opportunity for altcoin investors to capitalize on gains against Bitcoin.
  • While Bitcoin remains dominant with a market cap near $2.05 trillion, the alt crypto market capitalization relative to Bitcoin is showing “massively bullish” signals, indicating potential future gains for alt cryptocurrency .
  • Despite Bitcoin’s dominance, some smaller altcoins have posted impressive gains, with emerging opportunities for growth in lower-cap tokens or those with niche use cases.

Cryptocurrency analyst Michael van de Poppe has identified a potentially crucial signal in the market, suggesting that altcoins could be gearing up for a substantial recovery against Bitcoin (BTC/USD). Van de Poppe, a well-known figure in the crypto space, took to the social media platform X on Friday to share his insights, noting that the current market situation presents a rare opportunity for alt crypto investors.

“The bull market is the biggest reward of four years of suffering. Within a window of a few months, your altcoins can erase all the losses,” van de Poppe wrote, highlighting the current market conditions as uniquely favorable for alt crypto. He also pointed out that the alt cryptocurrency market capitalization relative to Bitcoin remains “massively bullish” and that we are witnessing the “longest bullish divergence in history.”

As Bitcoin’s price hovers near $103,467 with a market capitalization approaching $2.05 trillion, van de Poppe’s observations have garnered significant attention. The dominance of Bitcoin has been evident as it continues to outperform most altcoins, a trend that is reflected in the latest data from CoinMarketCap.

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At present, the CMC Alt Crypto Season Index is positioned at 39/100, placing it firmly in “Bitcoin Season” territory. This means that, over the past 90 days, Bitcoin has outperformed the majority of alternative cryptocurrencies, reinforcing the idea that the current market landscape is largely driven by Bitcoin’s momentum.

Van de Poppe’s Altcoin Strategy for Investors

Despite this dominance, van de Poppe remains optimistic about the alt crypto market’s future. “Timing and positioning will be crucial for investors,” he cautioned. “All I’ve learned from previous cycles is that when the markets start a rotation, it’s going to be a fast move on those altcoins, and you’ll be questioning yourself whether it’s a real or a fake move. That’s why I favor being positioned early.”

Van de Poppe’s warning underscores the importance of strategic investment in the upcoming alt crypto recovery phase, as he anticipates swift price movements that could catch investors off guard.

Currently, the CMC Altcoin Season Index reflects divergent performance across the alt crypto market. While smaller tokens like Four (FORM) have seen impressive gains of more than 480% over the past 90 days, many large-cap altcoins such as Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL) have notably underperformed Bitcoin in this period.

This mixed performance suggests that while Bitcoin remains the dominant force in the market, there are emerging opportunities within the altcoin space. Some altcoins are posting eye-catching gains, especially those with lower market caps or niche use cases.

Altcoins Set for Comeback as Bitcoin Faces Challenge

Van de Poppe’s comments align with the growing sentiment among investors that, despite Bitcoin’s current supremacy, the alt crypto market is far from out of the game. As market cycles continue to evolve, investors are urged to closely monitor the potential for altcoin rallies, which could offer substantial returns in the coming months.

As the cryptocurrency landscape shifts, staying informed and positioning investments strategically will be key for those looking to capitalize on what could be a dramatic recovery in the alt crypto market. For now, the battle between Bitcoin and altcoins remains far from decided, making it a crucial period for crypto investors to watch closely.

Related | Gemini to Offer Regulated Crypto Derivatives Across the EU After MiFID II Approval

SOL Strategies Leads Tokenized Equities Trading on Superstate’s Opening Bell

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  • Superstate’s Opening Bell enables blockchain-based public equity trading on Solana.
  • SOL Strategies becomes first public company to list shares via Opening Bell.
  • Opening Bell allows SEC-registered shares to trade 24/7 with real-time settlement.

Superstate, one of the leading fintech companies, has launched “Opening Bell,” a platform enabling SEC-registered public equities to be issued and traded directly in blockchain networks. 

Sol Strategies, a Canadian Company specializing in Solana infrastructure, aims to be the first to begin listing its shares through this platform. Additionally, the platform will provide a unified capital market between traditional and decentralized finance (DeFi) and will first operate on the Solana blockchain.

Opening Bell intends to transform traditional capital markets by providing real-time settlement, continuous trading and direct integration with the decentralized finance (DeFi) protocols. According to Superstate CEO Robert Leshner, the platform will modernize the financial system by eliminating centralized exchanges and creating programmable, globally accessible securities.

Real-Time Settlement and Direct Blockchain Integration

Opening Bell allows for the issuance of full regulatory-compliant shares that can interact directly with crypto wallets, DeFi protocols, and on-chain marketplaces. This system is free from traditional market hours and supports 24-hour trading with real-time settlements provided by blockchain infrastructure. In addition to providing 24/7 access to public equities, the platform introduces a new layer of programmability to shares, offering investors greater flexibility than the current stock exchange system.

“We’re bringing real equities into DeFi—making them transferrable, programmable, and accessible to global investors,” said Robert Leshner, CEO of Superstate. 

Opening Bell’s infrastructure also integrates with Superstate’s earlier tokenized funds, such as USTB and USCC, allowing for seamless asset management across different financial products. This approach is a broader development that combines traditional finance with blockchain innovation.

SOL Strategies to Pioneer Blockchain-Backed Equities

SOL Strategies Inc., a public Canadian company specializing in the Solana ecosystem will be the first to register its shares through Opening Bell. Sol Strategies, formerly known as Cypherpunk Holdings in 2024, is the first public company to utilize Opening Bell. The firm, which holds more than 267,000 SOL tokens, is keen on investing in the Solana ecosystem and has now moved to establish a dual-market presence.

Sol strategies had earlier established plans to uplist to Nasdaq, other than its initiatives on blockchain trading. The company’s CEO, Leah Wald, highlighted the advantages of such an approach and noted that blockchain-enabled shares offer 24/7 trading, are instantly settled, and provide global access for investors.

“Listing our shares on Opening Bell reflects our conviction that the future of capital formation lies in programmable, open infrastructure,” Wald said. “This approach enables deep liquidity and greater transparency for investors.”

Additionally, the SEC has already started implementing measures to support these innovations which include plans for a roundtable on tokenization in the next few weeks. Superstate’s regulatory alignment like its earlier registration as a digital transfer agent, has placed it in a good position to handle the emerging financial landscape.

Robinhood Eyes Blockchain Twist to Bring US Stocks to EU Traders

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  • Robinhood plans to launch a new platform in the European Union that will offer tokenized U.S.-based securities.
  • The platform allows EU users to trade US stocks as tokenized assets with 24/7 market access.
  • Robinhood is considering using the Solana or Arbitrum blockchain to support the tokenization of these securities.

Robinhood is preparing to launch a new European Union platform tokenizing US-based securities using blockchain technology. The company plans to give EU users access to US stocks through tokenized assets, offering 24/7 trading and improved liquidity. Robinhood’s move follows its strong earnings report and recent regulatory progress in Europe.

Robinhood Considers Solana for EU Stocks

Robinhood is now studying the Solana blockchain as a venue to offer tokenized shares of US-listed stocks to its EU clients. The platform can utilize Solana’s ultra-fast infrastructure for continuous round-the-clock trading and reduced transaction costs. Solana’s institutional activity has become a good candidate for Robinhood’s new trading system.

There has been more activity on the Solana blockchain due to BlackRock’s interest and higher on-chain charges. Robinhood could utilize this momentum because Solana’s fast finality and low fees would serve high-frequency trading well. Collaboration between Robinhood and Solana could substantially increase Solana’s transaction volumes and user numbers.

Robinhood is probably assessing Solana’s ecosystem strength, developer community, and protocol stability to ensure a secure environment. According to the EU’s MiCA regulatory framework, the firm aims to provide secure access to tokenized assets. The fact that Robinhood would possibly consider using Solana can do wonders for expediting blockchain adoption in European financial services.

Arbitrum Could Power Robinhood’s EU Platform

Robinhood also evaluates Arbitrum as an option to run its European tokenized stock trading platform. Arbitrum is compatible with Ethereum and scalable, which might assist Robinhood in connecting with users who are looking for cheaper blockchain transactions. The Layer 2 network is engineered to meet the high traffic of smart contracts and asset transfers.

The Arbitrum blockchain is less expensive and executes transactions faster, making it a viable solution for tokenizing and selling US securities. Robinhood might opt for Arbitrum to facilitate the integration of Ethereum-powered financial applications. Arbitrum’s mature developer tools and liquidity access might sway its final decision.

Robinhood continues to capitalize on its expansion plans in the EU by granting a brokerage license in Lithuania. The firm is matching the technology choices with regulatory clarity and infrastructure readiness. Joining forces with Arbitrum, Robinhood would facilitate an accelerated settlement of assets and a flexible stock trading platform for digital stocks.

If successful, Robinhood’s move to tokenise US stocks indicates a forward-thinking push to afford decentralized finance in a regulated European market. The firm aims to offer more access to US equities using blockchain-based assets. By providing tokenized trading, Robinhood can expand its customer base.

Solana Echoes Bitcoin’s Path—$500 Possible if Pattern Holds

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  • Solana mirrors Bitcoin’s 2024 breakout pattern, holding firm around $140 after dipping to $120.
  • Analyst predicts Solana could surge to $500–$600, echoing Bitcoin’s 75% rally post-liquidity grab.
  • Whale stakes 194,000 SOL ($28.7M), signaling strong conviction in Solana’s long-term outlook.

Solana’s recent price action is sparking intrigue across crypto circles, as fresh analysis points to a scenario eerily similar to Bitcoin’s impressive 2024 breakout. 

On May 6, analyst Mister Crypto highlighted that Solana’s ($SOL) chart is shadowing the same structure that catapulted Bitcoin from $40,000 to above $70,000 earlier this year. The pattern shows SOL holding firm around $140, a zone Mister Crypto described as a critical juncture that could ignite its next leg up.

His detailed side-by-side chart reveals two prominent peaks followed by a pronounced dip, which he terms a “Liquidity Grab.” Bitcoin’s liquidity sweep preceded a sharp rally, and Solana’s movement seems to be mirroring it closely. After dipping to nearly $120, Solana has shown signs of stabilizing, hinting the correction phase might have bottomed out.

The chart shows Bitcoin rocketed by over 75% in early 2024 within a matter of weeks after this liquidity grab, suggesting potential fireworks ahead for SOL. If the pattern holds, Mister Crypto predicts altcoin might soar to the $500–$600 range. 

“$SOL looks identical to Bitcoin’s setup in 2024. Massive Pump Incoming!” he declared on X, underscoring his confidence in the unfolding pattern.

Solana
Source: Mister Crypto

Solana Whale Activity Boosts Confidence

Bolstering this outlook, a significant whale movement has added fresh momentum to its bullish case. Recently, a market heavyweight staked over 194,000 SOL, an investment worth around $28.7 million. This sizable commitment, spotlighted by Crypto Rover, is one of the larger single staking transactions Solana has seen in recent times.

Large-scale staking like this typically signals deep conviction in a network’s strength and long-term potential. Analysts view such moves as strong endorsements, especially when market conditions appear uncertain. When big players choose to lock up funds, it often reflects solid confidence in both the technology and future price prospects.

These whale moves are being closely watched by traders and analysts, with many interpreting the staking as a positive sign for Solana’s stability. Amidst an uncertain broader market, seeing high-value commitments provides reassurance that influential investors are betting on further gains.

Volatility Clouds Short-Term Outlook

Despite growing optimism, Solana faces its share of hurdles. The cryptocurrency has been volatile lately, hovering around $143 after struggling to break through higher resistance levels. A recent dip saw SOL retrace from nearly $155, slipping below key markers at $150 and $148, and hitting a low near $141.71.

SOLUSD 2025 05 06 20 53 29
Source: TradingView

Technically, SOL is currently trading beneath the 100-hourly simple moving average, a sign that bears still have some grip. Immediate resistance lies around $147, with a stronger ceiling near the $150 mark. If it fails to clear these levels soon, analysts warn it could resume its slide.

On the downside, support appears around $142. A breach of this could trigger further declines, potentially pulling the price down to $135 or even as low as $122 if selling pressure intensifies. Traders remain cautious, aware that while the chart pattern is promising, key technical levels need to flip for the rally to truly ignite.

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