A drop in Solana’s dApp revenues, along with limited institutional and retail investor interest, adds vulnerability to SOL’s $78 support. Key takeaways: SOL is struggling to hold $80 as a 75% drop in futures' open interest shows that traders are heading for the exits rather than opening new bets. Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance. Read more
The ZORA token gained 6.2% to $0.022 over the last 24 hours as Zora announced its new attention markets product. Decentralized SocialFi platform Zora has launched its new attention markets platform on Solana, allowing traders to speculate on which buzzwords, hashtags, trends and topics will go viral online. “Trade what’s trending. Take positions on any topic, idea, meme, or moment before it breaks,” Zora’s newly launched platform states. One of Zora’s founders, Jacob Horne, said on Tuesday that it costs 1 Solana (SOL), currently $85, to deploy a “Trend,” aimed at disincentivizing spam. Trends have no creator rewards. Read more
Public companies that amassed large Solana positions in 2025 have paused accumulation as equity markets reprice SOL-heavy balance sheets. Publicly listed companies that hold Solana as a treasury asset are sitting on more than $1.5 billion in unrealized losses, based on disclosed acquisition costs and current market prices tracked by CoinGecko. The losses are concentrated among a small group of United States-listed companies that collectively control over 12 million Solana (SOL) tokens, about 2% of the total supply. While losses remain unrealized, equity markets have already repriced the companies, with most trading well below the market value of their tokens. CoinGecko data shows that Forward Industries, Sharps Technology, DeFi Development Corp and Upexi account for over $1.4 billion in disclosed unrealized losses. The total is likely understated, as Solana Company has not fully disclosed its acquisition costs. Read more
SOL’s price has validated a classic head-and-shoulders pattern on multiple time frames, with a price target of about $50. Solana’s SOL (SOL) has dropped 38% over the last 30 days, falling to a two-year low of $67 on Friday. Multiple analysts say that the downside is not over for the seventh-placed cryptocurrency, with downward targets extending as low as $30. Key takeaways: Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower. Read more