Solana news

Solana fell below $200, wiping its recent rally to an eight‑month high of $253, a 19% drop in one week that rattled market momentum. Grayscale’s spot ETF approval set for Oct. 10 could open deeper institutional flows, while 5 other ETF proposals await review until Oct. 16, 2025; institutions own less than 1% of SOL supply. Technicals show the current pullback lies in the first demand zone ($200–$185) and an RSI under 30 hints at a short‑term bottom; prediction markets assign only a 41% chance of a new all‑time high this year.

Solana fell to $192, wiping out a rally to $253 in less than a week as the market anticipates a spot ETF decision on Oct. 10 that could unlock institutional flows. Technical analysis shows SOL in a bullish daily structure with higher highs and lows, but it is testing a key demand zone between $200-$185; an RSI dip below 30 on the four-hour chart suggests a short-term bottom, though a 41 % market-probability of a new all-time high in 2025 signals caution. Analysts say a Grayscale spot ETF would give institutions easier access than the current REX Osprey Staking product, potentially boosting liquidity and adoption, especially as companies like Stripe and PayPal expand Solana integrations.

Splyce and Chintai have launched a new Solana product that uses strategy tokens (S‑Tokens) to give retail investors exposure to yields from tokenized real‑world assets without owning the underlying securities. S‑Tokens mirror the returns of Chintai’s holdings via a loan structure, allowing users to trade them through Web3 wallets while remaining compliant with KYC/AML. The first batch will involve Kin Capital’s tokenized real‑estate fund, the Kin Fund. The move follows growing Solana tokenization activity, which now hosts over $656 million of tokenized assets, up 260% this year. Other projects such as Ondo Finance and BlackRock’s BUIDL are expanding retail access, signalling broader institutional RWA adoption on the network.

Solana is expected to close September in the red, breaking a four-year streak of gains. While the token opened the month high, it fell 17% to $253.51, with network activity down 25% as daily active addresses dropped to 3.04 million. The decline is reflected in technical indicators: SOL's RSI sits at 40.54, signalling bearish pressure, and a further slide could push the price below $195.55, possibly down to $171.88. A sharp rebound in user engagement or market sentiment could pull the price toward $219.21.

AIQuant unveiled a platform that lets users create AI trading bots for Base, Solana, and BNB Chain without coding. The autonomous agents run 24/7, aiming to bring hedge‑fund‑grade tools to retail traders and eliminate emotional trading. Bots are activated with a one‑time hatching fee, initially in ETH and later in the platform’s AIQ token. Each operates through audited smart contracts, with preset risk limits and features like adaptive stop‑loss, slippage control, and evaluation criteria. The launch follows the growing trend of AI‑assisted crypto trading, and AIQuant plans to expand to other chains and introduce tokenized quants via bonding curves. Analysts warn that increased retail bot activity could pressure liquidity and amplify price swings.

Honeycomb Protocol has acquired Solana Labs’ GameShift platform in a confidential deal aimed at accelerating Web3 gaming into the mainstream consumer market. Honeycomb provides modular on‑chain game primitives via SDKs, while GameShift offers a consumer‑ready layer with gasless wallets, fiat payments, and seamless onboarding to hide blockchain friction. Together the combined platform seeks to solve distribution, monetization and usability hurdles, positioning GameShift as a consumer portal that bridges non‑crypto gamers into Web3 while Honeycomb powers the underlying game logic to reduce on‑chain costs.

Solana’s futures open interest climbed to a record 71.8 million SOL (≈$14.5 billion) as the market leans bearish, with perpetual funding rates turning positive at 0.0043 % from –0.0065 %. Spot data shows a sell‑heavy net taker volume and lower CVD, pointing to a spot‑driven sell‑off and a potentially over‑leveraged long side. Technical analysis highlights an inverted‑V pattern and a double‑top that could pull the price back toward $155 and possibly $120, a 22‑32 % decline from the current level, while the RSI has fallen from 69 to 37 since Sept 18, signalling growing bearish momentum. Network metrics – a 16 % drop in TVL and 11 % fewer daily transactions – add pressure, though short‑term RSI oversold readings suggest a brief respite.

Solana futures open interest hit a record 71.8 million SOL ($14.5 billion) as funding rates flipped positive, signalling an over‑leveraged market amid falling prices. The spot price has dropped 18 % in the past week, with technicals pointing to a potential pullback toward $120–$150; an inverted‑V pattern on the daily chart and a declining RSI suggest bearish momentum, though short‑term resistance remains at $200. Network activity is weakening, with a 16 % drop in DeFi TVL and an 11 % decline in daily transactions, adding pressure to a price that could fall further if the $120 support is breached.

Crypto liquidations exceeded $442 million in the past 24 hours, largely from long positions, as Bitcoin, Ethereum, and Solana fell 2.2% overall. Ethereum alone saw over $180 million liquidated following a 4.2% daily dip, while Solana and Aster also contributed significant losses. Only four non-stablecoins posted weekly gains, with the emerging DEX Aster rising 2,000% in a week. The market remains in a broader red trend despite short-term geopolitical optimism.

Fitell, an Australian fitness-equipment maker, saw its shares plunge 21% after revealing a $10 million purchase of 46,000 Solana. The move follows a $100 million convertible note that will funnel 70% of proceeds into crypto. The stock ended at $6.65, down 95.69% year-to-date.