Solana (SOL) has seen an impressive 45.6% surge over the past three months, driven by record-breaking network activity and growing optimism around a potential exchange-traded fund (ETF) approval in the United States.

Notably, the price hike has brought SOL closer to the key resistance zone around $160, raising hopes of a breakout as momentum builds from both technical and fundamental fronts.

Daily activity on the Solana Network hits record highs

Solana’s network has witnessed a sharp increase in usage over the past few weeks, with Daily Active Addresses (DAA) soaring to a historic peak of 15.39 million.

This surge in on-chain engagement reflects rising demand for the platform’s decentralised applications and staking services, especially at a time when other blockchain networks have shown stagnation.

In the first week of July, activity briefly dropped below 5 million, only to rebound to 14.63 million by July 7, signalling strong underlying user interest and a resilient ecosystem.

Such consistent growth in user activity is often a precursor to sustained price appreciation, particularly when it coincides with positive market sentiment.

Solana ETF speculation adds to bullish momentum

Speculation around the approval of a Solana ETF has intensified after the US Securities and Exchange Commission (SEC) asked fund issuers to update and resubmit their applications by the end of July.

While the SEC has until October 10 to reach a final decision, sources close to the matter have suggested that the timeline could accelerate following the surprise launch of the SSK ETF — the first Solana staking fund to go live in the US.

The SSK ETF, launched by REX Shares and Osprey, drew $12 million in inflows on its first day and recorded $33 million in trading volume, adding urgency to the SEC’s response timeline.

Analysts believe that the existence of a live Solana-based ETF has pressured the SEC to avoid giving one fund a competitive edge, as it did in the case of Bitcoin and Ethereum ETF approvals.

This regulatory backdrop has contributed to renewed bullishness in the Solana market, even though approval is not yet guaranteed.

Investor behaviour signals quiet accumulation

Exchange data also supports the bullish setup, with net outflows from centralised platforms increasing steadily in recent weeks.

This trend usually indicates that investors are moving their holdings into cold storage or decentralised wallets, a common signal of accumulation by long-term holders.

Moreover, despite low or negative funding rates, which show a lack of aggressive long positions, the market has remained firm — a setup that could lead to a short squeeze if SOL breaks higher.

With funding rates staying flat and volume holding above $4.5 billion daily, momentum could shift quickly if key resistance levels are cleared.

Technical analysis points to a breakout attempt

On the charts, Solana (SOL) is rounding off a classic cup-and-handle pattern, which is typically a bullish continuation signal when followed by a breakout above the upper handle.

Currently, SOL is hovering just under the critical resistance zone between $159 and $163.82, levels that align with key moving averages and Fibonacci retracements.

At the time of writing, Solana was trading at $150.76, slightly below the $159 barrier that has capped its rallies for several weeks.

The price stability above $150, despite volatile market conditions, shows strong buying pressure and investor confidence, even as leveraged traders remain on the sidelines.

While the Moving Average Convergence/Divergence (MACD) shows momentum tapering off, it remains near the zero line, indicating a potential trend reversal if upward pressure continues.

The Relative Strength Index (RSI) sits close to 50, revealing investor indecision but also suggesting room for a significant move in either direction.

A clean breakout above $159 would likely confirm the cup-and-handle formation and open the door to higher targets, with $194.25 and $215 as the next major price zones to watch.

The post Solana price jumps 45% as network activity soars: can SOL breach $160? appeared first on CoinJournal.

Solana price jumps 45% as network activity soars: can SOL breach $160?

Source: https://coinjournal.net/news/solana-price-jumps-45-as-network-activity-soars-can-sol-breach-160/

Fartcoin has officially broken through the critical $1 mark, riding a wave of renewed optimism in the Solana meme coin sector.

The memecoin has soared to a weekly high of $1.27, recording a notable 9% gain within 24 hours and confirming its place among the top-performing meme coins of the week.

With trading volume exploding to over $517 million, investors appear increasingly convinced that this is more than just a short-term pump.

Solana memecoins take centre stage

Fartcoin’s bounceback comes at a time when the broader Solana meme coin ecosystem is capturing market attention in a major way.

Tokens like Bonk, SPX6900, and Dogwifhat have also seen sharp double-digit gains, signalling renewed speculative confidence in high-beta bets tied to Solana’s rising profile.

Fartcoin’s recent performance is particularly striking, given its massive ascent from an all-time low of just $0.02003 in October 2024 to current levels above $1.20.

This represents a jaw-dropping 6,000% gain in under nine months, positioning Fartcoin as one of the most explosive assets of this cycle.

What makes this surge even more compelling is its timing. The move coincides with the debut of the first Solana staking ETF, REXShares’ SOL ETF, which opened with an impressive $33 million in first-day volume, well above the typical ETF launch.

$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc

— Eric Balchunas (@EricBalchunas) July 2, 2025

Solana ETF momentum fuels market speculation

The successful launch of the Solana ETF has reignited institutional interest in the SOL ecosystem, with CME futures open interest surging to a record $167 million.

Analysts from JPMorgan now project that spot Solana ETFs, once approved, could attract between $3 billion and $6 billion in inflows within their first year.

These developments have acted as a major catalyst for Solana-based meme coins, which often move in exaggerated tandem with SOL’s price.

Fartcoin, viewed as a proxy for high-risk meme coin enthusiasm, has seen an outsized benefit from this growing interest in Solana-linked assets.

With the SOL price climbing to $153 and likely to push higher, Fartcoin appears poised to test the next resistance levels at $1.22 and $1.28.

Technical indicators suggest strong momentum, and with support established around $1.13, the path upward remains open.

Bitcoin adds fuel to the fire

Meanwhile, the entire crypto market has been energised by Bitcoin’s rally past the $110,000 mark.

On the back of $407 million in ETF inflows in a single day, BTC now trades just 2% below its all-time high and appears on course to test the $112,000 level this week.

This broad-based bullish sentiment has spilled over into altcoins and meme coins alike.

The CoinDesk Memecoin Index jumped 12.6% in 24 hours, while the CoinDesk 20 Index posted a 4.3% rise, reflecting widespread risk-on behaviour.

As retail traders flood back into the market, meme coins are seeing a resurgence not just as jokes but as vehicles for aggressive speculation.

Fartcoin, Bonk, and others are becoming key barometers of sentiment in a rapidly heating market.

Fartcoin price forecast points to a bigger breakout

According to technical analysis, Fartcoin is attempting to break through a key resistance zone between $1.24 and $1.40, which could unlock the next leg of its rally.

Traders are closely watching whether the token can maintain its current momentum and build enough pressure to make a sustained move beyond these levels.

If broader market sentiment holds and Solana continues to draw institutional capital, Fartcoin may well ride this rally to new heights.

The post Fartcoin breaks past $1 as Solana ETF launch ignites a memecoin rally appeared first on CoinJournal.

Fartcoin breaks past $1 as Solana ETF launch ignites a memecoin rally

Source: https://coinjournal.net/news/fartcoin-breaks-past-1-as-solana-etf-launch-ignites-a-memecoins-rally/

Solana’s native token, SOL, continues to draw the attention of institutional and retail investors alike, as the blockchain’s real-world adoption gains a powerful boost from one of Europe’s largest banks.

This renewed attention comes amid news that Societe Generale’s digital asset subsidiary, SG-FORGE, will launch a new US dollar-pegged stablecoin, USD CoinVertible (USDCV), on both the Ethereum and Solana blockchains.

Societe Generale will launch a dollar-backed stablecoin called “USD CoinVertible” through its crypto unit SG-FORGE, becoming the first major European bank to do so.

It will be available on Ethereum and Solana, with public trading expected in July. pic.twitter.com/Kws4xmuf1T

— Satoshi Club (@esatoshiclub) June 10, 2025

While the announcement underscores a broader institutional pivot toward blockchain-backed finance, it also injects new momentum into Solana’s market narrative, reinforcing its role as a serious contender to Ethereum’s dominance.

Societe Generale’s stablecoin adds credibility to Solana

The issuance of USDCV marks the first time a major traditional banking institution has deployed a USD-backed stablecoin on public blockchains, signalling a historic moment for digital finance.

Unlike many stablecoins that operate from crypto-native origins, USDCV benefits from the backing of a globally recognised bank and custodial oversight by BNY Mellon, one of the world’s largest asset custodians.

This move not only reinforces Solana’s legitimacy among regulators and institutions but also provides a strong use case for stablecoins within compliant, real-world frameworks.

Although USDCV is not available to US residents, its intended audience spans global institutional and retail clients, a clear indication that Solana is evolving into an infrastructure layer for regulated finance.

SOL price holds firm amid bullish developments

Following the announcement, SOL’s market behaviour has remained relatively stable, trading in a narrow range between $155 and $162, suggesting investors are cautiously optimistic.

Currently priced at around $157.74, SOL has posted a 1.8% gain over the past 24 hours, with a circulating market cap exceeding $83 billion and a trading volume of more than $4.5 billion.

Although short-term price fluctuations are still influenced by broader macroeconomic conditions, Solana’s technical foundation and increasing real-world utility continue to give it a unique position in the digital asset space.

The network’s high throughput and low fees, powered by its Proof-of-History consensus model, remain strong differentiators that attract developers and institutions alike.

Upcoming Solana ETF decision and upgrades fuel long-term confidence

As investors monitor the SEC’s upcoming decision on the staking-enabled Canary Marinade Solana ETF, due July 24, broader confidence in Solana’s institutional adoption is gaining steam.

This ETF, if approved, would be the first in the U.S. to offer staking rewards via Marinade Select, setting a precedent for yield-generating crypto funds and offering another layer of value to SOL holders.

Moreover, Solana’s network upgrades, including the Firedancer validator client and expanded block space capacity, aim to boost scalability and reliability, addressing past concerns about outages.

Partnerships with major firms like Shopify and Visa further highlight Solana’s potential in payments and global commerce, making it a more appealing long-term investment option.

In parallel with financial use cases, Solana is also being used for groundbreaking tokenisation efforts in the public sector, with the Central African Republic preparing to sell tokenised land via its CAR token.

This initiative leverages Solana’s infrastructure to enable global investors to purchase subdivided, development-ready land while laying the groundwork for broader resource tokenisation.

Solana price outlook remains cautiously optimistic

With the Societe Generale USDCV expected to begin trading in early July and the Solana ETFs decision looming, market sentiment around SOL cryptocurrency may shift sharply if these developments progress without delay.

While volatility remains a staple of the crypto markets, the fusion of regulatory compliance, institutional adoption, and public sector innovation positions Solana as a blockchain to watch in the second half of 2025.

In the meantime, eyes are on whether Solana (SOL) can regain the resistance at $175, which depends on whether it can maintain above $150, awaiting the USDCV trading to kick off and the ETFs greenlight.

The post SOL price outlook as Societe Generale launches stablecoin on Ethereum and Solana appeared first on CoinJournal.

SOL price outlook as Societe Generale launches stablecoin on Ethereum and Solana

Source: https://coinjournal.net/news/sol-price-outlook-as-societe-generale-launches-stablecoin-on-ethereum-and-solana/

The US Securities and Exchange Commission has postponed its decision on two proposed exchange-traded funds tied to Solana, while inviting public comment as part of its review process.

The regulator said it was “instituting proceedings” to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.

“Institution of proceedings does not indicate that the Commission has reached any conclusions,” the SEC said.

“Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

21Shares, already active in the US through its spot Bitcoin and Ethereum ETFs with Ark Invest, has recently expanded its filings to include Solana, Dogecoin, XRP, and Polkadot.

The agency is currently evaluating a growing number of crypto ETF proposals beyond Bitcoin and Ethereum, with filings covering a range of assets including Solana, XRP, Dogecoin, Cardano, and Litecoin.

The current round of reviews comes amid a shift in regulatory tone under the Trump administration.

The crypto ETF waitlist

The SEC is currently reviewing more than 70 cryptocurrency ETF applications, ranging from products tied to major altcoins like XRP, Solana, and Litecoin to more speculative meme-themed and leveraged offerings.

Bloomberg ETF analyst Eric Balchunas described the current queue as “wild,” highlighting the breadth of filings, which include references to “Penguins, Doge, and 2x Melania.”

According to Bloomberg estimates from February, Litecoin ETFs have the highest likelihood of approval at 90%, with Dogecoin ETFs following at 75%.

Crypto ETP inflows continue

Amid the regulatory developments, crypto investment products attracted $785 million in net inflows last week, according to CoinShares.

This marked the fifth straight week of gains, bringing the total 2025 inflows to $7.5 billion.

Assets under management in crypto ETPs reached $172.9 billion globally, nearing all-time highs.

US-based products led with $681 million in inflows, followed by Germany at $86.3 million and Hong Kong at $24.2 million — its largest since November 2024.

Sweden, Canada, and Brazil recorded modest outflows.

Solana-based products, despite the ETF headlines, saw net outflows of $0.9 million last week.

XRP and Sui drew $5 million and $9.3 million in inflows, respectively, while Cardano and Chainlink also saw minor gains.

The post US SEC delays decision on 21Shares and Bitwise Solana ETFs appeared first on CoinJournal.

US SEC delays decision on 21Shares and Bitwise Solana ETFs

Source: https://coinjournal.net/news/us-sec-delays-decision-on-21shares-and-bitwise-solana-etfs/

Coinbase has launched Solana (SOL) and Hedera (HBAR) futures contracts on its US derivatives exchange, regulated by the Commodity Futures Trading Commission (CFTC).

By offering regulated futures contracts, Coinbase provides a structured environment for investors to engage with SOL and HBAR, potentially leading to increased liquidity and stability in the digital assets’ market.

The Solana futures contracts include standard offerings representing 100 SOL, alongside “nano” contracts tailored for retail investors, each representing 5 SOL, making it more accessible for a broader range of market participants.

A step towards Solana (SOL) ETFs

The launch of regulated futures markets for Solana (SOL), is particularly seen as a crucial step towards the eventual introduction of a Solana Exchange-Traded Fund (ETF) in the United States.

Futures markets provide a benchmark for measuring the performance of digital assets, which is essential for the approval and operation of spot ETFs.

With at least five ETF issuers already having filed with the SEC for spot Solana ETFs, the regulator’s decision deadline set for October 2025, and Bloomberg Intelligence estimating a 70% approval probability, the futures contracts might pave the way for these financial products.

Notably, Coinbase’s push for CFTC oversight over spot markets is part of a broader industry effort to redefine regulatory frameworks for cryptocurrencies.

Chief Policy Officer Faryar Shirzad of Coinbase has submitted a proposal advocating for Congress to grant the CFTC full authority over spot markets, arguing that digital assets like Bitcoin and Ethereum should be treated as commodities. In his proposal, Shirzad outlined a six-point legislative agenda aimed at providing clarity and consumer protection.

However, while advocating for a larger role for the CFTC, Coinbase acknowledges the SEC’s importance, particularly in creating rules for capital raising in the crypto sector. This nuanced approach suggests a future where both regulatory bodies could collaborate to nurture a balanced ecosystem for digital assets.

The SEC, under recent leadership and influence, has shown a more accommodating stance towards crypto, with efforts like the newly formed Crypto Task Force aimed at clarifying regulations around broker-dealer activities and staking.

The crypto regulatory landscape has indeed shown signs of softening, especially with the recent political shift following Donald Trump’s presidency, who has expressed intentions to make the US a hub for cryptocurrency.

The explosive crypto derivatives market growth

The crypto derivatives market has seen explosive growth, with Coinbase reporting a volume increase of roughly 10,950% in 2024.

Notably, Coinbase’s launch of futures for Hedera’s HBAR with a standard offering of 5000 HBAR per contract in addition to the Solana futures contracts indicates a diversification strategy that includes both major cryptocurrencies and emerging blockchain platforms.

Additionally, the cryptocurrency exchange has expanded its digital assets futures offerings to include futures for memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), as well as traditional commodities, showcasing its commitment to broadening the scope of tradable assets under its umbrella.

The launch of CFTC-regulated Solana (SOL) futures contracts not only signifies a maturation of the crypto market but also reflects the ongoing dialogue between traditional finance, regulatory bodies, and the burgeoning digital asset industry.

The post Coinbase launches CFTC-regulated Solana (SOL) and Hedera (HBAR) futures contracts appeared first on CoinJournal.

Coinbase launches CFTC-regulated Solana (SOL) and Hedera (HBAR) futures contracts

Source: https://coinjournal.net/news/coinbase-launches-cftc-regulated-solana-sol-and-hedera-hbar-futures-contracts/