• Invesco and Galaxy Digital File Solana ETF Trust in Delaware
• Solana ETF Progresses with New Delaware Trust Filing
• Spot Solana ETF on the Horizon as Trust Filing Goes Live
• Solana Gains ETF Momentum Despite No U.S. Approval Yet
• Institutional SOL Access Advances with New ETF Trust Move

Invesco and Galaxy Digital have officially moved to establish a Solana ETF through a statutory trust registration in Delaware. The move signals early-stage preparations to launch a spot for the Solana exchange-traded fund in the United States. The trust, filed on June 12, 2025, lays the foundation for formal regulatory submissions.

Solana ETF Trust Marks Regulatory Entry Point

Invesco and Galaxy Digital filed the “Invesco Galaxy Solana Trust” under Delaware’s Division of Corporations as a domestic statutory trust. Asset managers commonly use this structure to prepare for SEC filings before official ETF launches. The trust does not confirm SEC approval but enables firms to begin the regulatory process.

Invesco and Galaxy finalize Solana ETF registration in Delaware

Invesco and Galaxy have officially registered a Solana $SOL ETF entity in the state of Delaware, according to @solidintel_x on X.

— CoinNess Global (@CoinnessGL) June 13, 2025

The registration acts as a precondition for a future Form S-1 filing with the U.S. Securities and Exchange Commission. This form is required to seek authorization to offer shares of the proposed ETF to the public. Besides, the asset managers will likely pursue a 19b-4 submission through a national securities exchange.

The registration approach reflects industry trends as firms aim to broaden ETF offerings beyond Bitcoin and Ethereum. It also signals increasing institutional interest in Solana despite regulatory limitations. However, spot ETFs for assets other than Bitcoin and Ethereum remain unapproved in the U.S. at present.

Solana Gains Institutional Attention Through ETF Plans

Solana, currently the fifth-largest digital asset by market value, remains a high-demand token among institutional and retail investors. A spot ETF will provide investors with regulated exposure to SOL without crypto wallets. This vehicle would simplify access for firms restricted from holding digital assets directly.

Invesco and Galaxy Digital aim to serve demand for Solana exposure while avoiding direct token custody. The proposed ETF intends to track Solana’s price performance using an index or physical token backing. Such structures align with existing spot ETF models used for Bitcoin and Ethereum.

While this filing does not guarantee approval, it adds momentum to the growing list of digital asset ETF applications. Other asset managers like VanEck, Bitwise, and 21Shares have also filed for similar crypto ETFs. These actions indicate competition to capture market share as institutional interest in altcoins expands.

Market Conditions Reflect Stronger Push for Altcoin Products

The timing of the Solana trust comes amid broader ETF-related activity in the cryptocurrency sector. Recent filings suggest increased confidence among asset managers despite current regulatory uncertainty surrounding non-Bitcoin ETFs. Additionally, Solana’s market activity has positioned it as a strong candidate for future ETF inclusion.

Despite an ongoing 9% decline in SOL’s market value, investor demand for indirect access remains steady. The ETF product could offer a more secure and regulated alternative to direct token investment. Moreover, financial firms appear optimistic about Solana’s role in long-term blockchain adoption.

The trust registration signals the start of a lengthy review process that may take months or years. However, the filing alone increases Solana’s visibility among regulators, financial institutions, and prospective investors. The next significant step will be the formal S-1 registration, which will determine whether the ETF gains SEC consideration.

The post Invesco and Galaxy Take First Step Toward Solana ETF in Delaware appeared first on CoinCentral.

• DeFi Development unlocks $5B credit line to expand Solana holdings and staking operations.
• The Nasdaq-listed firm will issue stock gradually to buy more SOL and scale validator infrastructure.
• Strategic ELOC deal with RK Capital enables flexible capital access without upfront dilution.
• DeFi Development now holds 609,000+ SOL, valued at over $97M, compounding returns via staking.
• The company transitions from real estate SaaS to a Solana-focused crypto treasury model.

DeFi Development Corp. has unlocked a $5 billion equity line of credit to expand its Solana holdings and staking operations. The Nasdaq-listed company aims to gradually issue stock under favorable market conditions to purchase more SOL. This move positions the firm as a major institutional backer of the Solana ecosystem and its validator economy.

DeFi Development Secures Capital Access Through RK Capital Deal

DeFi Development entered a strategic share purchase agreement with RK Capital Management LLC for capital flexibility through an ELOC structure. The equity line of credit allows the company to raise up to $5 billion by issuing shares when market conditions are optimal. The firm expects to activate the agreement following an effective Form S-1 registration with the SEC.

1/ Today, we announce that DeFi Development Corp. (Nasdaq: $DFDV) has secured a $5 BILLION equity line.

This gives DFDV the flexibility to raise capital when it’s most strategic, fueling continued accumulation of $SOL and accelerating growth in $SOL Per Share (SPS). pic.twitter.com/3ep3QxuRTT

— DeFi Dev Corp. (@defidevcorp) June 12, 2025

Unlike traditional fundraising models, the ELOC structure avoids locking in one-time prices during volatility and supports gradual capital deployment. The capital raised will fund continuous purchases of SOL and enhance staking infrastructure to grow SOL per share. This structure gives DeFi Development controlled liquidity access without disrupting investor value or stock pricing stability.

In addition, the company filed another Form S-1 on June 11 to register securities from prior unregistered offerings. These steps indicate a coordinated capital strategy as the firm scales operations linked to Solana. The structured approach reduces dilution risk while aligning fundraising with growth targets.

Solana Accumulation Remains Core to Treasury Strategy

DeFi Development continues to build its SOL treasury, maintaining a long-term accumulation and validator staking model to increase SOL per share. The company currently holds over 609,000 SOL, valued at more than $97 million based on current market prices. Its validator operations compound returns through staking rewards and delegation fees.

The firm offers investors exposure to Solana’s native yield and reinforce the blockchain’s decentralization. Besides acquiring SOL, the company participates in Solana’s broader decentralized finance activities to capture ecosystem growth. It aims to become a key liquidity provider and infrastructure operator on the network.

The strategy reflects the company’s transition from real estate SaaS to a crypto-native treasury model. Formerly known as Janover, DeFi Development shifted focus in April following a leadership overhaul by ex-Kraken executives. This pivot marks a significant step toward blockchain-native treasury operations on public markets.

Broader Market Role and Future Outlook

DeFi Development positions itself as a key player in blockchain asset accumulation and validator support. It leverages a Solana-focused model to offer institutional investors direct exposure to one of the fastest-growing Layer-1 chains. The ELOC structure supports ongoing treasury expansion without heavy upfront equity dilution.

The company plans to scale validator infrastructure further as staking yields compound its asset base. As part of its broader vision, it continues exploring additional DeFi integrations across the Solana application layer. These efforts aim to align shareholder value with Solana’s performance and staking incentives.

The post DeFi Development Bets Big on Solana with Strategic $5B Stock Agreement appeared first on CoinCentral.

• Solana has dropped 15% over the past week, currently trading around $153.53 down from recent highs near $180
• TD Sequential indicator has flashed a bullish buy signal on the 12-hour chart after completing a nine-candle red pattern
• Long-term holders are accumulating during the dip as shown by declining Liveliness metrics to 0.76
• Positive funding rates at 0.0041% indicate bullish sentiment among futures traders
• A whale recently moved 2.86 million SOL tokens ($441 million) to Binance exchange

Solana has experienced a sharp decline over the past week, falling 15% as part of a broader cryptocurrency market pullback. The layer-1 blockchain token now trades at approximately $153.53, down from its recent peak around $180.

Despite the recent price weakness, technical analysis suggests a potential reversal may be forming. The Tom Demark Sequential indicator has generated a bullish buy signal on Solana’s 12-hour price chart.

The TD Sequential is a technical analysis tool used to identify potential reversal points in asset prices. The indicator works in two phases: setup and countdown. During the setup phase, nine candles of the same color are counted, which don’t need to be consecutive. Once complete, the indicator signals a potential reversal.

#Solana $SOL looks ready to bounce with the TD Sequential flashing a buy signal on the 12-hour chart! pic.twitter.com/C3uVWwyZPj

— Ali (@ali_charts) June 1, 2025

In Solana’s case, the setup phase recently completed with nine red candles, generating a buy signal. This technical pattern has emerged after the cryptocurrency’s 13% drawdown over the past week.

On-Chain Metrics Show Long-Term Holder Confidence

On-chain data provides additional context for Solana’s recent price action. The cryptocurrency’s Liveliness metric has dropped to 0.76, marking its lowest level in the past 14 days according to Glassnode data.

Liveliness measures the ratio of coin days destroyed to total coin days accumulated. This metric tracks long-term holder activity. When Liveliness decreases, it indicates that dormant wallets are accumulating rather than selling.

The declining Liveliness suggests that Solana’s long-term holders view the recent price decline as a buying opportunity. This accumulation behavior typically signals confidence in the asset’s future prospects.

Funding rates in the futures market also support bullish sentiment. Solana’s funding rate has turned positive at 0.0041%, indicating that long position holders are paying short sellers.

Large Whale Movement Creates Market Uncertainty

However, recent whale activity presents a potential headwind for Solana’s price recovery. Whale Alert reported that a large holder moved approximately 2.86 million SOL tokens worth $441 million to the Binance exchange.

Large transfers to exchanges often precede selling activity. Given the massive scale of this transaction, it could create downward pressure on Solana’s price if the whale decides to distribute their holdings.

The timing of this whale movement coincides with Solana’s technical buy signal, creating competing forces in the market. Technical indicators suggest potential upside while large holder behavior hints at possible distribution.

Price targets for Solana vary depending on market conditions. If long-term holder accumulation continues and broader market conditions stabilize, the cryptocurrency could rebound toward $171.88.

Should that level hold as support, further gains toward $195.55 become possible. However, intensified selling pressure could push SOL down to $142.59.

The cryptocurrency market’s broader sentiment will likely influence Solana’s near-term direction. Current funding rates and accumulation patterns by long-term holders suggest underlying strength despite recent price weakness.

The post Solana (SOL) Price: Is This Pattern Setting Up the Next Rally to $195? appeared first on CoinCentral.

• Solana (SOL) is trading at $154 after declining from the $172 resistance level, down 1.61% in 24 hours
• A whale transferred nearly 1 million SOL tokens worth $161 million, causing market caution and $323 million in net losses
• Chainlink’s Cross-Chain Interoperability Protocol (CCIP) launched on Solana, marking its first deployment on a non-EVM blockchain
• Solana released its App Kit, an open-source toolkit for building mobile dApps across 18+ protocols
• Technical analysis shows SOL testing key support at $150-$156 with potential for rebound if it holds these levels

Solana price has declined to $153.97, representing a 1.61% drop over the past 24 hours. The token started its latest decline from the $172 resistance zone.

SOL broke below the $160 support level and is now trading beneath the 100-hourly simple moving average. The price briefly touched $150 before recovering slightly above the $155 level.

A whale transfer of nearly 1 million SOL tokens worth approximately $161 million has contributed to increased market caution. This large transaction has resulted in net realized losses of $323 million at the $156 price level.

The token also moved below the 34-day exponential moving average at $163.20 with increasing volume. This technical development suggests bearish momentum is building.

However, SOL remains above the critical support zone between $150 and $156. The 50-day and 100-day moving averages are aligned within this support range.

Technical analysis reveals a bearish trend line forming with resistance at $160 on the hourly chart. The price faces immediate resistance near the $160 level and the trend line.

The next major resistance sits at $165, which aligns with the 50% Fibonacci retracement level. A move above $170 could set the stage for further gains toward $172 and potentially $180.

On the downside, initial support is located near $155. The first major support level is at $152.

Ecosystem Developments Drive Long-term Growth

Despite price weakness, Solana’s ecosystem continues expanding with two major developments. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has launched on Solana.

This marks CCIP’s first deployment on a non-EVM blockchain. The integration unlocks cross-chain DeFi capabilities for Solana users and developers.

Solana also released its App Kit, an open-source toolkit for building mobile decentralized applications. The kit supports over 18 protocols and simplifies app creation for wallets, NFTs, and DeFi platforms.

These developments aim to increase user engagement on Solana’s high-speed network. The ecosystem growth could support long-term price performance despite current market conditions.

Technical Setup Shows Mixed Signals

The 4-hour chart displays an ascending triangle pattern with SOL testing rising trendline support from early May. Recent lower highs and the decline from $177.58 indicate seller dominance.

The 50-period EMA at $165.04 and 200-period EMA at $163.18 now act as resistance levels. This confirms the current bearish bias in the short term.

Higher lows since mid-May suggest buyers are stepping in at lower levels. If SOL holds the $150.70 support and forms a bullish candlestick pattern, a move to $157.73 or higher becomes possible.

Key support levels include $150.70, $145.67, and $140.33. Resistance levels are positioned at $157.73, $163.18, and $165.04.

A break below $152 could send the price toward $145, with further declines possible to $132 if the $145 support fails. The whale transfer worth $161 million continues to impact short-term price action.

The post Solana (SOL) Price Prediction & Analysis: Can Support Hold After Massive Whale Dump? appeared first on CoinCentral.

• Solana price dropped 10% after rejection at $185, now trading around $162-167
• Network maintains second-largest TVL at $11 billion with strong DEX volume growth
• 3.55 million SOL tokens worth $600 million set to unlock between June-August
• Memecoin prices declining sharply with TRUMP down 24% and POPCAT down 20%
• MEV issues and validator concerns creating technical challenges for the network

Solana price failed to maintain momentum above the $180 resistance zone. The token currently trades around $162, marking its lowest level in over a week.

The recent selling pressure began when SOL faced rejection at the $185 level on May 23. Since then, the price has dropped approximately 10% and broken below several key technical levels.

Trading data shows SOL moved below the $170 support level and the 100-hourly simple moving average. The token briefly touched a low near $160 before attempting a modest recovery wave above $165.

Technical indicators paint a bearish picture for the short term. The hourly MACD is gaining pace in the bearish zone while the RSI has fallen below the 50 level. A connecting bearish trend line has formed with resistance at $170 on the hourly chart.

Network Fundamentals Remain Strong

Despite the price decline, Solana maintains its position as the second-largest blockchain by total value locked. The network currently holds $11 billion in TVL, representing a 14% increase over the previous month.

Decentralized exchange activity on Solana has been particularly robust. Over the past 30 days, trading volume on Solana’s DEXs reached $94.8 billion, surpassing Ethereum’s $64.8 billion in onchain activity.

The network generated $48.7 million in fees over the past 30 days, compared to Ethereum’s $36.9 million. This occurred despite Ethereum having a larger deposit base, highlighting Solana’s efficiency in capturing value from onchain activity.

Individual protocols have shown mixed performance. Raydium posted 48% growth in deposits while Marinade saw a 28% increase in TVL. However, growth was more modest across other applications like Jupiter, Kamino, and Drift.

Token Unlock Concerns

A major factor weighing on investor sentiment is the anticipated unlocking of 3.55 million SOL tokens between June and August. These tokens are valued at approximately $600 million at current price levels.

Market analysts note that most of these tokens were acquired from the bankrupt FTX/Alameda estate at around $64 per token. This cost basis potentially limits selling pressure but still represents increased supply hitting the market.

The token unlock schedule comes at a time when Solana’s supply expands at an annualized rate of 5.2%. Although the network offers an 8% yield for validators, the net staking return remains lower than yields offered by many DApps on stablecoin deposits.

Memecoin Weakness Adds Pressure

The decline in Solana-based memecoin prices has created additional headwinds for SOL. Official Trump (TRUMP) dropped 24% over the past seven days, while FARTCOIN and POPCAT both lost 20%.

Pudgy Penguins (PENGU) fell 17% during the same period. The sustained weakness in these tokens raises questions about the long-term viability of the memecoin ecosystem on Solana.

A continued drop in DEX activity related to memecoin trading could further pressure SOL’s performance, given the network’s reliance on transaction fees for revenue generation.

Technical and Structural Challenges

Solana faces ongoing concerns about MEV (maximum extractable value) issues. Dan Robinson, a researcher at Paradigm, has identified MEV as Solana’s “biggest problem.”

The network’s high throughput comes with trade-offs regarding validator incentives. Validators can increase earnings by reordering transactions, which enables sandwich attacks and front-running practices that harm regular traders.

Looking at immediate price levels, SOL faces resistance near $169-170 with the main resistance at $180. On the downside, initial support sits at $162 with major support at $160.

A break below $160 could send the price toward $155, and further weakness might target the $142 support level. Conversely, a successful break above $180 could open the path toward $185 and potentially $200.

Current market conditions show SOL trading at $162.06 with bearish technical indicators suggesting further downside risk in the near term.

The post Solana (SOL) Price Prediction & Analysis: Strong Network Activity, When Will Price Take Off? appeared first on CoinCentral.

• MetaMask now supports Solana

• Solana price rises after MetaMask update

• MetaMask simplifies multi chain access

• Security tools extended to Solana

• Trading volume increases for Solana

MetaMask has launched native support for the Solana blockchain allowing users to manage Solana assets and Ethereum in one interface. The integration simplifies multi-chain activity, while Solana (SOL) recorded a sharp intraday rebound, climbing above $178. Increased adoption and rising trading volume highlight the growing interest in Solana after MetaMask’s new extension update.

MetaMask Launches Full Solana Integration on Desktop Extension

MetaMask’s latest extension enables users to access Solana dapps, manage tokens and interact with the network directly. This move marks a significant step in improving cross-chain usability by removing the need for multiple wallet applications. It aligns with MetaMask’s goal to create a unified and secure experience for crypto users across chains.

Solana is now live on MetaMask Extension! 🦊 pic.twitter.com/ekUY6sH2iD

— MetaMask.eth 🦊 (@MetaMask) May 27, 2025

Users can create or import Solana accounts and view token balances using the same interface. They can also buy Solana tokens through a built-in onramp and bridge assets from Ethereum without leaving MetaMask. The platform enables seamless transactions on Solana and Ethereum.

The new feature improves the onboarding process and supports faster asset transfers. In addition, real-time transaction checks and simulation tools help ensure safe interactions across Solana-based applications. As more chains get added, MetaMask edges closer to becoming a universal wallet solution.

Security Measures Extend to the Solana Ecosystem

MetaMask has applied its long-standing security framework to the Solana network to protect users during transactions and dapp access. The system warns of suspicious activity, provides explicit simulations of pending actions, and flags potential threats. These safeguards match the standards already trusted by millions of Ethereum users.

All Solana operations within MetaMask benefit from transaction simulations and innovative alert systems. This keeps user funds secure and builds confidence when exploring new Solana-based projects. The added security may increase institutional and individual trust in cross-chain wallet services.

MetaMask’s commitment to decentralized safety supports Solana’s expansion and strengthens wallet adoption beyond EVM chains. As a result, both beginners and advanced users gain more freedom and security. Trust remains a core pillar in MetaMask’s multi-chain roadmap as it prepares to expand mobile support.

SOL Price Recovers After Morning Dip, Volume Spikes

Solana (SOL) dropped below $172 early on May 27 but regained momentum afternoon, closing above $178. The price increased 2.41% over 24 hours, reflecting renewed bullish pressure after the MetaMask news.

Source: CoinMarketCap

Market participants responded positively, pushing 24-hour volume up 17.78% to $3.55 billion.

The substantial volume surge suggests traders are reacting to the increased accessibility and convenience brought by MetaMask integration. The upward movement in SOL price mirrors growing optimism within the Solana ecosystem.

The post MetaMask Adds Solana Support as SOL Price Rebounds Above $178 appeared first on CoinCentral.

• Solana (SOL) dropped 3.27% to $171.07 on May 25, 2025, after briefly spiking above $181 due to Trump memecoin controversy
• Long liquidations reached $6.1 million across exchanges, with Binance accounting for $2.76 million in liquidations
• A whale withdrew $3.53 million worth of SOL from Binance and staked 19,875 SOL, showing long-term confidence
• SOL struggles to break past $193 resistance level with RSI cooling to 61.87 from previous highs
• Spot market outflows of $158.93 million exceeded inflows of $141.42 million, creating net selling pressure

Solana price dropped 3.27% to $171.07 on May 25, 2025. The decline came after SOL briefly spiked above $181 earlier in the weekend.

The volatility followed a politically charged event involving a Trump memecoin dinner on the Solana blockchain. This controversy caused market jitters and triggered a quick sell-off.

Despite the pullback, SOL remains up 7% for the week and 16.9% over the past 30 days. The token briefly overtook Binance Coin as the fifth largest cryptocurrency before retreating.

A newly created wallet withdrew 20,009 SOL worth $3.53 million from Binance. The wallet immediately staked 19,875 SOL and sent 134 SOL to another staking address.

This brought the wallet’s total staked holdings to 9,270.4 SOL, equivalent to $1.6 million. The heavy staking activity shows long-term conviction from large holders.

However, market reaction to this whale activity has remained subdued. Broader market signals have not aligned to support a strong upward trend.

Long Liquidations Surge Across Exchanges

Long liquidations reached $6.1 million across major exchanges on May 25. This dwarfed the $326,000 in short liquidations during the same period.

Binance alone accounted for $2.76 million in long liquidations. The stark imbalance reflects the market punishing overleveraged bullish traders.

This liquidation pattern often signals cooling market conditions or potential reversals. The data shows caution is needed for traders still heavily positioned long.

Despite the heavy liquidations, 68.95% of traders on Binance held long positions in SOL. The long-to-short ratio stood at 2.22.

This shows most retail traders remain optimistic even after the liquidation wave. However, such lopsided sentiment often precedes further volatility.

Technical Resistance Holds Firm

SOL traded at $172.34 at press time, still struggling to break past the 0.786 Fibonacci resistance at $193. Despite recent rebounds, momentum has stalled.

The Relative Strength Index cooled to 61.87 from previous highs. This level shows mild bullish control but not strong enough to confirm a breakout.

For bulls, reclaiming $193 is essential to target the next Fibonacci zone at $229.46. Repeated failures at this level could reinforce range-bound trading.

SOL broke below its mid-term ascending channel and the 50-period exponential moving average at $174.56. The MACD shows a bearish crossover with widening histogram.

Price is testing immediate support at $173.06. A break below this level could target $165.50, then $159.57 and $153.94.

Spot market flows on May 25 revealed $158.93 million in outflows compared to $141.42 million in inflows. This created a net outflow despite whale staking activity.

The divergence suggests that while some whales are accumulating, broader market participants continue exiting positions. Short-term price structure remains pressured by ongoing profit-taking.

The post Solana (SOL) Price Prediction & Analysis: Bulls Trapped as Long Liquidations Surge Past $6M appeared first on CoinCentral.

• Kraken launches tokenized U.S. stocks on Solana.
• Trade Apple and Tesla 24/7, outside the U.S.
• xStocks backed by real shares via Backed Finance.
• Low fees and fast trades powered by Solana.
• Stocks meet DeFi—hold, trade, or use as collateral.

Kraken will launch tokenized U.S. stocks, enabling non-U.S. users to trade Apple, Tesla, and Nvidia 24/7 on Solana. The new product, xStocks, will allow users to invest in over 50 tokenized equities and ETFs. The service will be available in Europe, Latin America, Africa, and Asia but excluded from the U.S. market.

Kraken Launches xStocks for Global Stock Tokenization

Kraken has introduced xStocks to tokenize top U.S. equities on the Solana blockchain. The move will provide 24/7 trading access to non-U.S. users. It marks a significant step toward borderless exposure to American financial markets.

JUST IN: Kraken to offer over 50 tokenized stocks and ETFs, including shares of Apple, Tesla and NVIDIA. pic.twitter.com/jOp4rM3Nby

— Whale Insider (@WhaleInsider) May 22, 2025

Each xStock token will be backed by real shares, with assets held by Backed Finance. These shares are redeemable for cash, maintaining parity with their market value. Investors will benefit from instant settlement and lower transaction costs.

The rollout includes major stocks and ETFs such as SPY and SPDR Gold Shares. The tokens will initially be available through Kraken’s web and mobile platforms. Kraken plans to expand access to additional exchanges and blockchains over time.

Solana Chosen for Its Speed and Scalability

Kraken selected Solana to host xStocks due to its low fees, high throughput, and reliable infrastructure. Solana’s blockchain enables smooth, fast, and secure transactions across global markets. It allows tokens to operate efficiently under high volumes.

The use of Solana ensures that xStocks can function at internet scale. This helps bridge the gap between traditional finance and decentralized systems. Kraken views Solana’s ecosystem as critical to delivering seamless user experiences.

Users can hold xStocks in digital wallets or use them as collateral for crypto trades. This opens new opportunities in DeFi trading and liquidity strategies. Kraken is also exploring multichain integration to grow its reach.

Backed Finance Powers xStocks’ Real-World Value

Kraken’s partner, Backed Finance, will acquire and manage the underlying securities. This ensures xStocks are backed by actual shares of U.S. companies. As a result, token prices should closely follow real market prices.

Token holders may redeem their assets for the value of the underlying stocks or ETFs. This mechanism supports transparency and investor trust in tokenized equities. Backed Finance will handle custody and compliance for token issuance.

The collaboration aims to offer legal and regulated access to tokenized stocks worldwide. Kraken is currently engaging with international regulators to ensure compliance. It seeks to expand availability while meeting local financial rules.

Kraken Plans Further Expansion in Equity Access

Kraken aims to grow its equity-related products beyond xStocks. In April, it introduced trading for over 11,000 U.S. stocks and ETFs to U.S. clients. The firm plans to bring similar offerings to more regions soon.

Future phases may introduce xStocks to other blockchains beyond Solana. Kraken is committed to expanding access to global capital markets using blockchain tools. The company views tokenization as key to the future of investing.

The xStocks project signals a larger trend toward decentralized access to traditional assets. By combining regulated equity exposure with crypto flexibility, Kraken positions itself at the forefront of financial innovation.

The post Kraken to Launch 24/7 Tokenized Stock Trading Powered by Solana appeared first on CoinCentral.

• SOL price has jumped 22% in one week, now trading at $180
• DeFi Total Value Locked increased to $9.6B from $7.5B this month
• Traders taking short positions with long/short ratio at 0.86
• Solana leads all blockchains with $22.4B in weekly DEX volume
• Technical indicators show overbought conditions with resistance at $185

Solana’s price has been on an upward trajectory, now hovering around the $180 mark. This represents the highest price point for SOL since February 2025.

The token has gained 6% in the last 24 hours alone. Over the past week, SOL has surged by 22%, drawing attention from traders and investors alike.

Data from Coinglass shows Solana’s open interest has increased by 11.08%. This metric indicates new money flowing into SOL trading contracts, typically a sign of market confidence.

The DeFi ecosystem on Solana has been thriving in May. Total Value Locked (TVL) has expanded from $7.5 billion at the start of the month to $9.6 billion now, according to DeFiLlama.

Several projects are driving this growth. Marinade has seen a 56% increase in TVL. Jito has grown by 41%. Raydium has experienced the largest growth at 78%.

Weekly trading volumes on Solana-based decentralized exchanges have also improved. Last week saw $22 billion in volume, up from $18 billion the previous week.

Network Performance Remains Strong

On-chain metrics for Solana continue to show health. Both revenue and transaction fees have increased for four consecutive weeks, reaching levels not seen in three months.

Currently, 65% of all SOL tokens are staked. This reduced circulating supply, combined with growing demand from DeFi users, creates favorable conditions for price growth.

Not all metrics are positive for Solana. The network’s stablecoin market cap has dropped by 8% over the past week, now standing at $11.7 billion.

The funding rate for SOL stands at 8%. This means traders are paying premium fees to maintain long positions. While this shows market optimism, such high rates often come before price corrections.

Solana has become the dominant blockchain for DEX activity. Its weekly volume of $22.4 billion surpasses Ethereum by more than $6 billion. Other networks like BSC, Base, and Arbitrum trail even further behind.

The combination of fast transactions and low fees has made Solana attractive for traders, memecoin launches, and liquidity providers.

Market Sentiment and Technical Analysis

Despite strong fundamentals, trader sentiment appears to be shifting. The long/short ratio for SOL has dropped to 0.8653, its lowest point in 30 days.

This means short positions (53.61%) now outweigh long positions (46.39%). This bearish positioning comes at an unusual time when network usage metrics remain strong.

Technical indicators for SOL present a complex picture. The cryptocurrency trades above all major moving averages, with 10, 20, 50, 100, and 200-day averages all signaling “buy.”

However, the RSI reading of 71.83 suggests overbought conditions. This may limit further upside in the short term without a cooling-off period.

The Bollinger Bands for SOL are widening. With the price near the upper band at around $185, this indicates high volatility and possible consolidation ahead.

SOL faces resistance at the $185 level. Breaking through could open a path to the $200 price target. On the downside, support exists at $170, with stronger support at $157 and $130.

The post Solana (SOL) Price Prediction & Analysis: Network Usage Soars as Token Eyes $200 appeared first on CoinCentral.

• The SEC has delayed its decision on the Grayscale Solana ETF until October.
• The delay is part of the standard 240-day window for ETF proposal reviews.
• The SEC continues its in-depth assessment of the ETF’s compliance and market impact.
• Grayscale filed the Solana ETF through the New York Stock Exchange earlier this year.
• Solana’s fast and low-cost blockchain network has increased its appeal in financial markets.

The SEC has extended its review of Grayscale’s proposed Solana ETF, delaying a final decision until October. The extension follows the standard 240-day evaluation window allowed for 19b-4 filings. The Solana ETF remains under review as the agency continues assessing its regulatory compliance and market impact.

SEC Maintains Hold on Solana ETF Proposal

Grayscale filed the Solana ETF through the NYSE, triggering the formal review process under existing securities laws. The SEC acknowledged the filing but has yet to approve or reject the proposal, citing ongoing assessment. This delay aligns with past agency actions involving crypto-based financial products.

The Solana ETF proposal arrives during heightened regulatory attention to digital assets and their market behavior. Although the ETF could broaden exposure to Solana, the SEC has emphasized caution in approving similar products. Market participants await clarity on how the ETF would function under current compliance standards.

The SEC’s review includes evaluating liquidity, custody mechanisms, pricing models, and how the SOL ETF interacts with broader market systems. The agency has also looked into the operational structure of similar offerings, making comprehensive reviews routine. A final determination on the Solana ETF will shape the pathway for other crypto ETFs.

Solana’s Market Role and Strategic Investment Activity

Solana’s blockchain is known for its scalability and fast processing, supporting thousands of transactions per second with low fees. These capabilities have contributed to Solana’s growing role in decentralized applications and real-world utility. The Solana ETF would offer a new gateway for exposure to this network under a regulated structure.

Grayscale’s proposal reflects Solana’s rising relevance among digital assets, especially amid increased activity in decentralized finance. Various market players continue integrating Solana into long-term strategies, reinforcing its presence in retail and institutional segments. The SOL ETF could formalize and expand that role under SEC oversight.

In parallel, firms like Defi Development Corporation have committed significant capital to Solana, signaling high confidence in its future performance. These firms prioritize direct asset holdings over ETF structures due to operational flexibility and potential yield benefits. Yet the Solana ETF could attract participants preferring regulated financial instruments.

SEC Review Continues Amid Crypto Policy Changes

Spot Solana ETF proposals emerged during regulatory shifts late in the Biden administration under SEC Chair Gary Gensler. The Trump administration’s acknowledgment of an SOL ETF adds new political dimensions, especially as policy stances evolve. A final SEC ruling will test the balance between innovation and regulation in digital finance.

Trump’s public support for blockchain development has raised expectations of a more favorable crypto policy environment. The classification of Solana as a security under previous regulatory guidance complicates the approval process. Still, current filings represent a significant shift in how digital assets seek mainstream financial adoption.

Meanwhile, other firms continue to adopt Bitcoin-style treasury strategies focused on Solana, bypassing ETFs altogether. These strategies highlight an evolving competitive landscape that may reduce the SOL ETF’s future market share. As the SEC proceeds with review, alternative vehicles may continue gaining ground in the digital asset space.

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