Kategorie: Crypto News

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Solana gains momentum with institutional backing

  • Solana posts 17% weekly gain, eyeing $300 as institutional demand grows.
  • Galaxy Digital buys $326M SOL for Multicoin, with $1B more cash to deploy.
  • $250 remains Solana’s key pivot; a breakout could retest $295 ATH soon.

Solana (SOL) is closing one of its strongest weeks of 2025, recording a 17% gain over the past seven days.

Among the top 20 crypto assets, only Dogecoin and Hyperliquid have outperformed it.

The rally positions SOL for its highest weekly candle close since January, fueling speculation of a potential move toward the $300 level.

Currently trading about 15% below its all-time high of $295, Solana has drawn attention for its technical resilience and rising institutional support.

Futures and spot data show healthy market structure

According to CoinGlass, Solana futures open interest (OI) hit a record $16.6 billion on Friday.

Despite this surge, perpetual funding rates have remained stable, indicating that positions are not excessively leveraged.

This balance suggests the market still has room for further upside if momentum continues.

Market structure data adds to the bullish case.

Net taker volume has leaned buy-heavy, signaling more aggressive buyers entering positions.

At the same time, aggregated futures cumulative volume delta (CVD) has stayed flat, suggesting long and short positions are well-balanced despite record OI levels.

Importantly, spot CVD is climbing higher, pointing to a rally driven by spot markets rather than futures—a dynamic often viewed as healthier for sustained growth.

From a momentum standpoint, relative strength index (RSI) data is also notable.

In previous rallies near $295, Solana’s RSI entered overbought territory, raising the risk of sharp pullbacks.

This time, RSI has not reached those extremes, leaving room for the rally to extend further before encountering significant technical resistance.

Institutional interest and key technical levels

Institutional activity has been another major driver of Solana’s recent strength.

Arkham Intelligence reported that Galaxy Digital has begun executing a large-scale SOL purchase program for Multicoin Capital’s Solana Designated Allocation Trust (DAT).

On September 12, Galaxy acquired $326 million worth of SOL on behalf of the trust.

The vehicle still holds $354 million in stablecoins and up to $1 billion in cash, which could be deployed for additional purchases.

This development follows Forward Industries’ announcement of a $1.65 billion SOL-native treasury, supported by Galaxy Digital, Jump Crypto, and Multicoin Capital.

As the first Nasdaq-listed company to raise institutional capital for direct deployment on Solana, Forward’s move underscores the growing trend of corporate adoption.

From a technical perspective, $250 remains a crucial pivot point for SOL.

The level has served as a multi-year resistance zone, capping rallies in 2021, November 2024, and January 2025.

In each instance, Solana traded between $275 and $295 before retreating to close near $250, highlighting the significance of this level for profit-taking.

Analysts note that if SOL can close the week strongly above $250 and follow with consecutive closes above that threshold, sentiment could shift toward retesting the $295 all-time high and potentially entering price discovery beyond $300 in the fourth quarter.

The presence of the Solana Strategic Reserve, often compared to Ethereum’s institutional support, may also provide a buffer against sharp reversals.

By offering institutional-grade liquidity, the reserve could change the way the market reacts to traditional resistance levels.

The post Solana gains momentum with institutional backing appeared first on CoinJournal.

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Sui price rises as broader crypto market bounces

  • Sui price is poised above $3.60 as bulls target key level.
  • The SUI all-time high price is around $5.35 and achievable as Sui total value locked hits $2 billion.
  • Bulls eye $4.12 resistance, while bears target $3.20 if momentum weakens.

Sui price has a modest increase over the last 24 hours, but has reached highs of $3.70 as the broader crypto market signals an upward rally.

Coins such as Ethena, Pendle and Ondo have gained significantly amid Bitcoin’s retest of $115k and Solana’s breakout to $240.

As the 24-hour trading volume holds around $949 million, the SUI price looks poised for an uptick towards its all-time high above $5.35.

Decentralized finance and web3 adoption growth see Sui’s position as a frontrunner, potentialy setting the stage for the native token’s surge.

Sui price surge- what’s fueling bulls’ momentum?

Sui overcame a network setback in early 2025 when an ecosystem project got hacked.

The token has since bounced off lows of $1.91 to retest highs of $4.32.

The Move programming language project has gained attention due to its scalability and interoperability, putting it among the top coins attracting buyer attention.

While Ethereum and Solana dominate altcoin sentiment, the technical outlook for SUI is setting up bulls for a retest of its ATH.

Developer activity, daily active wallets and DeFi TVL surge all point to Sui’s strength.

There are also ecosystem expansions, including the integration of zkLogin for seamless user onboarding.

As well, Sui has boasted initiatives like the Strategies yield aggregator that amassed millions of dollars in deposits within weeks.

Sui’s focus on gaming, NFTs, and DePIN projects has diversified revenue streams, with a stablecoin market cap jumping above $793 million.

Network revenue has increased too, while platforms such as Suilend, NAVI and Bluefin are helping to push the total value locked in Sui protocols across DeFi to over $2 billion.

The crypto market’s attraction for Wall Street amid a scramble for digital asset treasuries is another catalyst for the Sui price.

SEC’s impending approval of new crypto exchange-traded funds, including filings for Sui, has also buoyed bulls.

What’s the price outlook for SUI?

With multiple signals converging to suggest a breakout above key resistance levels in the near term, trading above $3 is crucial for SUI.

It may be the step buyers need to maintain a bullish long-term trend.

Relative Strength Index hovers at 55, and reflects a neutral momentum that gives room for further growth before bulls hit the overbought territory.

The Moving Average Convergence Divergence also supports an upward run with a bullish crossover.

Sui price chart by TradingView

A look at the chart suggests $3.70 is a key level, and breaking the immediate $4.12 resistance could trigger a measured move to $5.

The all-time high is within range above this level.

Conversely, a bearish flip will bring Sui price to support around $3.20. Bears may also target buyers’ safety net around $2.61, should any pullback activity strengthen.

The post Sui price rises as broader crypto market bounces appeared first on CoinJournal.

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Ondo surges as RWA growth fuels price rally

  • Ondo (ONDO) price hovered above $1.00 as bulls looked to break from a downtrend.
  • The real-world asset tokenization platform’s traction and milestones in total value locked have aligned with gains.
  • Ondo Finance is one of the leading RWA platforms in the market.

With ONDO trading to an intraday high above $1.13 with a 5.8% gain over the past 24 hours, buying pressure may see bulls target a breakout above $1.2 and aim for $2.00.

This outlook and surge coincides with Ondo Finance’s TVL soaring to over $1.5 billion as the RWA market rallies..

Ondo TVL hits $1.5 billion amid RWA traction

The Ondo token jumped to $1.13 on Friday, with gains taking it to its highest level in over a month.

Ondo bulls have rallied 16% in the past week, cutting monthly losses and allowing for a potential technical breakout after breaking its downtrend.

Per DeFiLlama, this has come as Ondo Finance’s TVL rose, and it crossed the $1.5 billion mark to reach highs of $1.57 billion.

The protocol’s accelerating role in the RWA sector has helped this outlook, with Ondo’s tokenized products key to the growth.

Surging demand for Ondo’s flagship products, such as OUSG, a tokenized short-term US Treasury fund, and USDY, a yield-bearing stablecoin, are the main drivers.

Upside for RWA tokens has elevated the market cap for these assets to over $75 billion, while adoption of tokenized assets has pushed RWA onchain value to more than $29 billion.

According to RWA.xyz, Ondo’s OUSG and USDY account for about $1.4 billion, with $729 million and $657 million in the two assets respectively.

Ondo’s TVL achievement and RWA traction aligns with a surge in demand for tokenized asset investment opportunities across Wall Street.

Ondo price targets $2 amid potential technical breakout

The TVL surge has ignited bullish sentiment for ONDO, with analysts eyeing a price target of $2 in the short term.

Having aggressively bounced from recent lows, the breakout to above $1 gives buyers the upper hand.

In this case, further gains will allow them to target Ondo’s all-time high of $2.14 set in December 2024.

Ondo price chart by TradingView

However, bulls may first have to navigate initial robust resistance around $1.14.

If this works, a potential rally to above $2  and the target of $2.4 could follow.

Bulls will be helped by the broader market conditions, regulatory shifts and institutional endorsements.

The collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund speak to this possibility.

The ascent to $1.5 billion in TVL aligns with Ondo DeFi’s maturation, including in bridging yield-generating assets with blockchain efficiency. Global potential of RWAs is another likely catalyst for Ondo.

The post Ondo surges as RWA growth fuels price rally appeared first on CoinJournal.

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Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary

  • Safety Shot launches BONK Holdings and acquires 228.9B BONK tokens.
  • SHOT stock slides while BONK price gains 8% in the past 24 hours.
  • BONK charts signal a possible breakout toward $0.0003620.

Safety Shot has made a bold entry into the digital asset world, launching a new subsidiary centred on the fast-rising Solana-based memecoin BONK.

The move underlines the company’s growing interest in blockchain assets and highlights how traditional firms are positioning themselves within the cryptocurrency economy.

Safety Shot launches BONK Holdings LLC

On September 11, Safety Shot announced the creation of BONK Holdings LLC, a dedicated subsidiary that will manage the firm’s digital asset strategy.

Safety Shot also revealed that it had accumulated a significant position in BONK, expanding its treasury to 228.9 billion tokens.

This stash represents more than 2.5% of the memecoin’s circulating supply, valued at roughly $55 million at prevailing market prices.

The firm’s average purchase price for the tokens stands at $0.00002184, achieved through prior initiatives and a fresh $5 million acquisition in partnership with digital trading platform FalconX.

Rather than storing the tokens passively, Safety Shot plans to deploy its holdings in the Solana DeFi ecosystem, using them for staking, liquidity provision, and yield farming.

The company argues this approach will generate non-dilutive returns while strengthening its balance sheet.

Notably, Safety Shot’s leadership has been vocal about the rationale behind this move.

Chief Executive Officer Jarrett Boon emphasised that the company views BONK as a “top-tier digital asset” and sees untapped value in integrating it with its existing consumer brands.

In late August, the firm raised $30 million to further solidify its growth strategy and recently appointed Mitchell Rudy, one of BONK’s original founders, to its board of directors.

Safety Shot stock reaction lags behind BONK gains

Despite the ambitious plans, Safety Shot’s shares have struggled to convince investors.

Following the announcement, SHOT stock dipped to $0.37, its lowest level in two months, before closing slightly higher at $0.39, and the pre-market trading has brought only a modest uptick.

The decline suggests that equity investors remain cautious, even as the company highlights the scale of its digital and cash assets compared to its overall market cap of about $85.4 million.

In contrast, BONK itself has enjoyed a strong run. Over the past day, the memecoin has gained 8.3%, trading at $0.00002512 at press time.

While BONK’s price is still far below its November 2024 all-time high of $0.00005825, the token remains one of the best-performing assets in the Solana ecosystem since its launch.

BONK price outlook shows bullish potential

From a technical perspective, BONK’s chart signals the possibility of a bullish breakout.

The memecoin has been trading within an ascending channel, with $0.0002377 acting as a solid support level.

$0.0002620 is a key resistance, and a breakout above this level could pave the way for a run toward $0.0003620, a move that would represent a potential 150% upside from recent levels.

BONK price analysis

While volatility remains part of BONK’s identity as a meme-inspired token, the increasing involvement of institutions like Safety Shot is beginning to change the conversation.

Safety Shot’s willingness to stake a sizable portion of BONK in DeFi platforms adds both liquidity and legitimacy to the project.

If the broader Solana market continues to expand, BONK could see further momentum in the months ahead.

The post Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary appeared first on CoinJournal.

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Pi Network price forecast ahead of the V23 Protocol Upgrade

  • Pi Network price tests breakout at $0.3610 with $0.344 as key support.
  • Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight.
  • Whale buys 350M+ PI, but daily unlocks risk supply dilution.

Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation.

The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness.

Bulls test a fragile breakout

PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549.

This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders.

Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout.

If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836.

Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum.

The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment.

According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742.

Ecosystem expansion fuels renewed optimism

Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy.

The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community.

In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost at a global Web3 event.

On the protocol side, version 23 of the network introduces decentralised KYC processes and Linux node support, marking significant steps toward scalability and regulatory compliance.

Meanwhile, developer activity has been rising, with 37 new projects launched on the Testnet at the start of September.

These include DeFi and gaming apps, alongside the anticipated V23 upgrade that promises to improve cross-chain interoperability.

Such progress has been seen as a sign that Pi is pivoting beyond its mining-focused origins and moving closer toward becoming a functioning ecosystem with tangible utility.

Whale activity stirs speculation

While retail demand has softened in recent weeks, on-chain data shows a different story from larger players.

A mysterious whale wallet, identified as “GAS…ODM,” has accumulated more than 350 million PI tokens, valued at over $124 million.

Another large holder reportedly controls more than 373 million PI.

This kind of accumulation often signals confidence among big investors and has led some analysts to suggest that Pi may be in the Wyckoff accumulation phase, which can precede sharp rebounds.

That said, supply dynamics remain a risk, with around 159.5 million tokens unlocking daily through September, adding up to roughly $56.7 million in a month.

This constant flow could dilute prices if demand does not keep pace.

Pi Network price forecast

As the V23 Protocol Upgrade approaches, Pi Network sits at a critical juncture. The coming weeks will reveal whether the token’s rebound can extend into a sustainable rally or if supply pressures will drag it back toward recent lows.

The short-term outlook for Pi hinges on whether the token can hold above its seven-day simple moving average around $0.344.

A failure to maintain that support could open the door to another test of the August low near $0.322.

On the flip side, breaking above the $0.3610 trendline and sustaining momentum could pave the way toward the $0.3836 level and potentially higher resistance points outlined by analysts.

Longer term, the combination of whale accumulation, fresh protocol upgrades, and greater accessibility through partnerships like Onramp Money may help to strengthen Pi’s position in the market.

The project’s challenge will be balancing supply inflation with real adoption and securing listings on major exchanges such as Binance or Coinbase to unlock deeper liquidity.

The post Pi Network price forecast ahead of the V23 Protocol Upgrade appeared first on CoinJournal.