Solana spot ETFs, which debuted in late November 2025, have recorded net inflows for seven consecutive trading days, accumulating $674 million in total.

Analysts suggest this institutional buying pressure could propel the Solana price prediction toward a $180 breakout.

Bitwise Dominates Solana ETF Inflow Rankings Ahead of $180 Breakout

Data from Sosovalue reveals Bitwise commands the lead with $608.81 million in inflows, while Grayscale and Fidelity follow with $97.74 million and $54.8 million, respectively.

Last week, $SOL spot ETFs recorded 7 straight days of net inflows. pic.twitter.com/oSVTls5SzV

— DustyBC Crypto (@TheDustyBC) December 14, 2025

Despite a 2% price decline over the past week, analysts say the growing institutional appetite for Solana is a necessary catalyst to finally breach the 2-month $180 resistance barrier.

Beyond institutional interest through ETFs, Solana has been earning credibility from Wall Street in its campaign to become the blockchain infrastructure for capital markets.

At the recently concluded Solana Breakpoint conference, Marc Antonio, Head of DeFi at asset manager Galaxy Digital, declared that Solana represents the only blockchain capable of processing tokenized securities at the scale that Wall Street executives like Larry Fink have long championed.

Antonio emphasized, “We want Solana to be so dominant and we want Solana to have such good prices that when you compare the price of Nasdaq-listed Forward Industries on Solana versus Nasdaq, you want to buy on Solana. That’s the end state.”

Solana Price Prediction: Technical Setup Shows Accumulation Before $180 Breakout

Solana is consolidating below a long-term descending trendline following an extended corrective period, with price currently maintaining within a clearly defined accumulation zone spanning $120–$135.

This area has repeatedly absorbed selling pressure, indicating sellers are exhausting their control, though the market hasn’t yet demonstrated a decisive reversal.

The failure to recapture the $180 level maintains the broader structure as technically bearish, with that zone now functioning as the primary upside obstacle.

Momentum remains subdued, but the RSI is stabilizing in the low-40s and has begun printing mild bullish signals after a prolonged bearish stretch, suggesting downside momentum is diminishing.

If SOL can break above the descending trendline and reclaim $180, the chart opens pathways for a stronger recovery toward the $210 region, which aligns with the next major resistance level.

Pepenode Raises $2.3M To Position for Meme Coin Explosion

If SOL finally breaks through $180 resistance and converts the $200 psychological level into support, meme coins like Pepenode (PEPENODE) could experience 10-50x post-TGE rallies.

Pepenode is a new crypto project that’s already raised over $2.3 million despite challenging market conditions.

It’s a game where you can “mine” coins without needing expensive computer equipment.

You play the game in your web browser, set up virtual mining nodes, and upgrade your facilities to earn more tokens.

The project is replicating the success strategies of PEPE and popular Solana memecoins that saw dozens of projects rally over 100x during the 2024 summer season.

Now that more people are starting to purchase Pepenode’s mining rigs, the token price is expected to rise rapidly.

To join the presale before the price increases, visit the official Pepenode website and connect a crypto wallet like Best Wallet.

You can buy tokens now for $0.001192 each and pay with crypto coins like ETH, BNB, or USDT.

Visit the Official Pepenode Website Here

The post Solana Price Prediction: Analysts See $180 Breakout as Spot ETF Inflows Reach $674M appeared first on Cryptonews.

The XRP ecosystem is taking a major step forward with the launch of Wrapped XRP (wXRP) on the Solana and Ethereum blockchains. A crypto expert has provided a thorough breakdown of what this new development could mean for XRP, noting that it not only strengthens the cryptocurrency’s credibility among other blockchains but also significantly boosts its utility.  

A Look Into XRP’s Launch On Solana And Ethereum

XRP is expanding its presence beyond its native blockchain with the introduction of Wrapped XRP on Ethereum and Solana. Hex Trust, a regulated institutional digital asset custodian, has issued wXRP, a 1:1 backed representation of the native XRP, on LayerZero’s OFT standard to enable DeFi functionality across multiple blockchains.

This new move marks a significant step in increasing XRP’s utility outside the XRP Ledger (XRPL). According to a press release published on Hex Trust’s official site on December 12, wXRP will launch first on Solana before expanding to other chains, including Optimism, Ethereum, and HyperEVM. The tokenized coin will be available for trade alongside the RLSUD stablecoin on Ethereum and supported chains, further broadening its use cases.

Crypto expert ‘Mr Cauliman’ explained on X that this new development should not be mistaken for a formal partnership between Ripple and Solana. He added that it also does not mean XRP is leaving the XRP Ledger, which continues to operate as intended, or that the wXRP is replacing the native token. He emphasized that wrapped assets are not IOUs but simply a way to access liquidity in other ecosystems. 

Cauliman highlighted that the introduction of wXRP reflects the growing acknowledgment of XRP’s liquidity by other blockchain ecosystems, including Solana. Similar to how Ethereum and Bitcoin have been wrapped for use across multiple networks, XRP is now being made accessible to users outside its native chain. This expansion not only reflects strong demand for XRP in DeFi markets but could also encourage wider adoption across different blockchain networks. 

While wXRP’s launch is a significant milestone, Cauliman has warned that wrapped assets carry considerable risks. These include counterparty, bridge, and custodial risks. He stated that native XRP is free from these risks, remaining a fast, permissionless settlement layer. Despite this, demand for the cryptocurrency in DeFi continues to grow. 

wXRP Unlocks DeFi Rewards With Reliable Pricing

wXRP is set to debut with full support for authorized merchants to mint and redeem the token in a secure and compliant environment. Users will gain access to cross-chain applications, including swaps, liquidity provisioning, and supported DeFi rewards. All of these will be made available while the asset remains redeemable 1:1 for native XRP held in Hex Trust’s custody. 

Hex Trust has revealed that wXRP will launch with over $100 million in Total Value Locked (TVL), providing strong liquidity from day one. This foundation supports smoother trading, reliable pricing, and a healthier market. The wrapped XRP is also designed to serve institutional liquidity providers, DeFi protocols, DAOs, funds, and retail and merchant users.

Solana’s network took a notable step this week as Firedancer, a validator client developed by Jump Crypto, began running on the mainnet, and markets reacted quickly.

According to Solana’s announcement, the client moved out of a controlled testing phase and is now active for real-world validation.

Traders pushed SOL up about 5%, with the token trading close to $140 during the initial move.

Firedancer Goes Live On Mainnet

During more than 100 days of controlled tests, a small set of validators produced more than 50,000 blocks without downtime, according to reports. Built in C and C++, Firedancer was made to handle heavy workloads and to lower the chance of network interruptions.

Test environments reportedly showed the client processing over 1 million transactions per second, a figure that far exceeds current mainnet throughput.

BREAKING: After 3 years of development, Firedancer is now live on Solana Mainnet, and has been running on a handful of validators for 100 days, successfully producing 50,000 blocks pic.twitter.com/Y0WxxEj2WL

— Solana (@solana) December 12, 2025

That high number comes from lab-style tests, not live traffic, and should be read as experimental performance rather than everyday capability.

Solana co-founder Anatoly Yakovenko marked the transition as a step out of a long beta cycle for the network.

Early Adoption And Stake

Adoption is still small in terms of stake. The first Firedancer nodes hold under one percent of total staked SOL, and that share is expected to grow as operators add it to their setups.

Reports have disclosed that a December rollout prompted more than 20% of validators to move from earlier experimental clients, showing a rapid shift among some operators.

Running multiple validator clients reduces dependence on a single software implementation. If one client encounters a bug, others can keep block production running. That diversity mirrors how other large proof-of-stake chains operate.

Why This Matters For Validators And Apps

Validators and developers stand to benefit if Firedancer keeps meeting its goals. Faster or more reliable validation could mean more capacity for apps that need many transactions per second.

For node operators, the option to mix clients offers an added safety net. Still, the network’s real-world load will be the true test, and watchers say they will be looking at uptime and performance over the coming weeks.

Market Moves And Technical Signals

The announcement coincided with a clear market flow into SOL. Reports have disclosed $11 million in inflows to Solana ETFs on the day of the news, while Bitcoin saw outflows of $77.30 million and Ethereum $42.35 million.

Featured image from Phantom, chart from TradingView

The government of Bhutan has decided to launch a new gold-pegged token on the Solana blockchain, further enhancing the network’s credibility and fueling increasingly bullish Solana price predictions.

The name of the token will be TER and it is the result of the collaboration of multiple financial institutions and fintech companies like DK Bank and Matrixdock Technology.

Through TER, Bhutan residents will now be able to invest in gold safely via blockchain technology.

Bhutan: Launching the world's first sovereign-backed gold token on Solana. pic.twitter.com/lWrA5OGKqu

— Solana (@solana) December 11, 2025

Minting the asset in the Solana blockchain ensures that users can trade it at a low cost, as this smart contract platform is much more scalable than its top rival, Ethereum.

Bhutan has been mining Bitcoin for years by using renewable sources of energy and currently holds over 6,000 BTC tokens, worth over $500 million, as part of an ongoing effort to modernize its economy.

Solana Price Prediction: SOL Hits Key Resistance – Can It Reverse Its Downtrend?

The price of Solana (SOL) has reacted positively to the news and has jumped 5.4% in the past 24 hours to $138.4.

SOL is hitting a key resistance that matches the upper bound of its latest descending price channel. The token has been consolidating for a few days, trading between $130 and $145 as the market struggles to find direction.

Now that the Fed has cut interest rates for a third time, it is up to the market to determine if conditions are sufficient to support a move higher for SOL.

If Solana breaks above the $150 level, it could trigger a full trend reversal, setting the stage for a potential rally back to $200.

On the flip side, a drop below $130 would open the door to a deeper correction, though for now, that outcome looks less likely as momentum continues to build.

While Solana eyes its next move, a far bigger opportunity is emerging on Bitcoin.

Bitcoin Hyper ($HYPER) is one of the best crypto presales right now, bringing Solana’s speed and low fees to Bitcoin, turning it into a true high-performance chain.

Bitcoin Hyper ($HYPER) Brings Solana’s High Speed and Low Costs to the Bitcoin Blockchain

Bitcoin Hyper ($HYPER) is giving Bitcoin the upgrade it needs, combining the power of Solana’s technology with the security of the Bitcoin network.

Built using Solana’s SVM, Bitcoin Hyper brings lightning-fast speed and ultra-low fees to Bitcoin, unlocking real utility like staking, yield generation, DeFi, NFTs, and more.

The key to this is the Hyper Bridge, which safely stores BTC and lets users mint a usable version on the Layer 2.

From there, they can access a growing list of apps, earn passive income, and trade with near-instant settlement — all while staying backed by real Bitcoin.

With nearly $30 million raised, Bitcoin Hyper is gaining serious traction, and as more exchanges and wallets adopt it, the value of $HYPER could rise fast.

This is one of the most promising Bitcoin Layer 2 projects to watch, and early buyers are getting in before the rest of the market catches on.

To buy $HYPER before the presale ends, simply head to the Bitcoin Hyper official website and link up a compatible wallet like Best Wallet.

You can complete the transaction in seconds by swapping crypto or using a bank card.

Visit the Official Bitcoin Hyper Website Here

The post Solana Price Prediction: SOL Chosen for Sovereign Gold Token – Are Countries Using Solana Now? appeared first on Cryptonews.

Solana (SOL) is gradually entering a new phase of institutional visibility as recent developments in tokenized finance and cross-chain asset integration draw increasing attention to the network.

Related Reading: What’s Happening With The Bitcoin, Ethereum, And Dogecoin Prices Recently?

From a high-profile commercial paper issuance to plans for bringing XRP onto Solana, the blockchain is positioning itself at the center of experiments that could reshape how digital assets interact with traditional markets.

Institutional Activity Accelerates With New Tokenized Bond Deal

J.P. Morgan’s arrangement of a $50 million tokenized commercial paper issuance for Galaxy Digital marks one of the clearest signals yet that major financial institutions are warming to public blockchain infrastructure.

The short-term debt instrument was issued on Solana, with Coinbase and Franklin Templeton purchasing the tokenized asset, and settlement conducted in USDC.

The bank created the on-chain token representing the bond and handled primary settlement, positioning the project as a practical test of how public networks could support regulated financial transactions.

The move shows Solana’s growing role in real-world asset tokenization, a sector projected by industry analysts to reach trillions of dollars over the next decade.

For Solana, the deal is also a strategic validation. While the chain is widely known for retail and developer activity, institutional adoption has historically been slower to materialize. Seeing a large financial institution test a foundational market instrument on Solana offers a clearer path to deeper enterprise use cases.

Solana – XRP Integration Signals Cross-Chain Expansion

Alongside the bond issuance, Solana is preparing for the arrival of XRP through a partnership with Hex Trust and LayerZero, which will issue wrapped XRP (wXRP) on the network.

The integration aims to extend XRP’s liquidity and utility into Solana’s fast-moving DeFi environment, enabling lending, liquidity provision, and other decentralized applications.

Hex Trust confirmed that wXRP will be fully backed 1:1 with native XRP held in segregated custody accounts, supported by more than $100 million in initial liquidity. The addition may also influence XRP’s market structure, as wrapped supply requires native XRP to be locked, potentially tightening liquidity during high-demand periods.

For Solana, the asset brings an established user base and deeper liquidity pools. For XRP, the move broadens its utility across high-performance decentralized markets that prioritize low-cost transactions and throughput.

A Broader Shift in Market Perception

These developments come as industry figures, such as Anthony Scaramucci, publicly reiterate their bullish outlook on Solana, arguing that the network’s growth trajectory could surpass Ethereum’s in market capitalization.

While the claim remains speculative, the combination of institutional pilots, cross-chain integrations, and expanding developer activity suggests Solana is strengthening its position as a platform for both consumer and enterprise-grade applications.

Related Reading: Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud

As more financial instruments move on-chain and cross-chain interoperability gains traction, Solana’s latest milestones point to a network increasingly aligned with where digital markets may be heading next.

Cover image from ChatGPT, SOLUSD chart from Tradingview

China’s leading AI, often called a ChatGPT killer, DeepSeek, has released surprising December projections for XRP, Solana, and Dogecoin, warning traders that all three could see heightened volatility throughout the month.

The market is recovering as one of the worst months for crypto comes to an end, heading into Christmas. 2025 is ending as a negative year for Bitcoin. At the time of writing, year-to-date performance shows BTC down more than 7%, starting the year near $99K and now likely to finish below that level.

Even so, the bigger picture remains constructive. Analysts still expect durable altcoins such as XRP, Solana, and Dogecoin to perform well over the long term. Once market conditions stabilize, each project could regain upward momentum, and below is how Deepseek AI expects it to play out.

XRP (XRP): DeepSeek AI Expects Either Total Collapse or XRP to $5

DeepSeek AI’s bearish projection suggests Ripple’s XRP could dramatically collapse by 91% from its current $2.07 level to around $1 heading into 2026 if investor sentiment remains weak.

The bull case looks stronger as we look through XRP price action throughout 2025.

Some call Ripple the most improved coin of the year. The final SEC lawsuit resolution in August 2025 delivered full regulatory clarity, unlocking $1.1B+ in institutional inflows and the successful RLUSD stablecoin launch.

XRP has been staying above $2, helped by steady inflows into spot XRP ETFs. This has boosted confidence, and some analysts now think XRP could make a push toward $3

As long as it holds above $2.00, a new all-time high for XRP could still be in play. The one time the chart slipped below that level, things did not look good for XRP bulls.

The key breakout threshold is at $2.70, a former strong support level that recently flipped into resistance. Reclaiming this zone could confirm a breakout targeting an 80% upside move toward $3.70.

Solana (SOL): DeepSeek AI Predicts a Possible 700% Breakout

Solana remains the coin of the cycle and has stayed strong over the past 7 days, up more than 2% despite ongoing market volatility.

DeepSeek AI predicts Solana could supercharge and lead scalable consumer applications, with ecosystem growth and rising institutional adoption potentially driving a 700% breakout by early 2026.

If that fails, the bear case is not much worse than current conditions, with DeepSeek projecting a drop toward the $100 support zone.

Solana ETFs alone could pave the way toward $400 as they already attract strong institutional interest and have recorded many consecutive days of positive inflows.

However, Solana now has one key task: it must break the strong resistance at $144. If it fails, Solana could move lower heading into Christmas before attempting another breakout.

It is important for the price to hold the demand zone shown on the chart to keep the bullish scenario intact. If that zone fails, DeepSeek’s $100 prediction could come into play.

Dogecoin Could Be Heading To $1.00 Again, Deepseek Says

“Memecoin markets are dead.” That is what CryptoQuant CEO Ki Young Ju said recently, and it is not hard to see his point.

If you look at the memecoin dominance within the altcoin market, it is nearing a new all-time low. That alone says a lot about what has happened to one of the main drivers of retail interest. Poor memecoins.

Despite that, DeepSeek still sees a possible recovery in the sector, noting that Dogecoin integration as a payment method on major platforms like X could ignite a parabolic move.

It currently favors the bear case, saying that a shift in market sentiment away from meme-driven assets could lead to a heavy retracement, potentially back to the $0.08 level.

Value traded for DOGE ETFs dropped to $142,000, the lowest level since the products launched. SoSoValue data shows a sharp decline from late November, when daily trading volumes occasionally exceeded $3.23M.

However, DOGE is showing a bit of strength by holding above the $0.14 level. A break and close above the $0.18 to $0.20 resistance range would confirm that strength and could open the path toward $0.24 to $0.26.

Maxi Doge: The High-Risk, High-Reward Meme Play Traders Are Watching Closely

While AI models like DeepSeek warn that memecoin markets are under pressure, some traders are already positioning for the next rotation.

One project gaining attention during this reset phase is Maxi Doge, a new Dogecoin-inspired meme token built around pure speculation, leverage culture, and community-driven momentum.

Maxi Doge leans fully into meme energy, centered on a jacked, high-leverage “gym bro” Doge character that represents risk-on trading mentality. There is no forced utility narrative here. The project is designed for traders who understand cycles and want exposure before memecoins regain mainstream interest.

Despite launching in a quiet market, Maxi Doge has already raised over $4.29M, signaling early demand even as broader memecoin sentiment remains weak.

The token distribution is another standout feature, with roughly 40% of the supply allocated directly to the public presale and no private or VC rounds, reducing the risk of insider sell pressure.

Staking is also live for early participants, offering up to 72% APY for MAXI holders. This allows presale buyers to earn yield while waiting for the next speculative wave, rather than sitting idle during consolidation.

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

The post China’s DeepSeek AI Predicts the Price of XRP, Solana, Dogecoin by the End of 2025 appeared first on Cryptonews.

Jupiter announced seven coordinated platform upgrades at Breakpoint, headlined by JupUSD, a new stablecoin developed with Ethena that will integrate across the entire Jupiter ecosystem to allow rewards during DCA orders, limit orders, and prediction market participation.

The Solana-based decentralized exchange, which has processed $1.08 trillion in combined spot and perpetuals volume year-to-date while maintaining $2.7 billion in total value locked, framed the upgrades as solutions to fragmented data, fraudulent assets, and the absence of professional-grade tools needed for institutional adoption.

Breakpoint Special: Pushing Onchain Finance Forward

Onchain finance is the future.

It is fundamentally a better system, with open rails, transparent logic, self-custody as a default, and verifiable rules which apply equally to everyone.

But the transition from off chain to… pic.twitter.com/bEygoA87uX

— Jupiter (, ) (@JupiterExchange) December 11, 2025

Protocol-Level Economics Across Trading Platforms

JupUSD launches next week with deep protocol-level integration that isolated stablecoins cannot replicate.

According to Jupiter executives, controlling both the dollar and the transaction platform allows synergies across use cases, creating a self-reinforcing flywheel effect.

The stablecoin will route through Jupiter’s existing infrastructure, handling billions in stablecoin volume via swap aggregation, perpetuals, and lending, completing what the company called an end-to-end stack.

The launch arrives as Solana’s stablecoin infrastructure expands through institutional partnerships, with Western Union planning to launch its US Dollar Payment Token through Anchorage Digital Bank in the first half of 2026 for international remittances.

The Solana Foundation also partnered with Korean blockchain infrastructure company Wavebridge to build a compliance-ready KRW-pegged stablecoin following South Korea’s preparation of regulatory framework legislation, with Wavebridge CEO Jongwook Oh stating the collaboration seeks to create structures where the stablecoin is “not only issued but also verified, controlled, and fit for institutional use.“

Additionally, Jupiter Lend exited beta and became fully open source after reaching $1 billion in total supply within eight days, the fastest growth rate for any Solana protocol in history.

Now, the lending protocol is built with Fluid and introduced tick-based liquidity, allowing all risky positions to be liquidated in a single transaction and allowing Jupiter to offer the highest loan-to-value ratios and the lowest liquidation penalties in decentralized finance.

Developer Tools and Data Infrastructure

The newly launched Developer Platform consolidates real-time analytics across all Jupiter APIs, giving builders visibility into logs, usage patterns, and performance metrics through a unified dashboard that tracks every swap, pricing call, and token API request.

Developers can now debug issues by investigating 429 errors, 500 errors, and downtime events through comprehensive logs designed to help teams ship more efficiently.

Yesterday, @kashdhanda announced a huge bullish moment for developers: @JupiterExchange just launched the Jupiter Developer Platform.

This isn’t just another home for mediocre or garbage APIs, it’s the new home for the best APIs on Solana, complete with everything you need to… pic.twitter.com/3AHVFV65oF

— Sam || Jupiter Legion (@SamuelA6643) December 12, 2025

Jupiter Terminal consolidated trading for all asset classes into a single platform featuring real-time wallet tracking, Alphascan’s analytics across 61-plus launchpads with developer blacklisting, and professional execution tools, including one-cancels-other orders and partial fills.

The terminal leverages Ultra v3, Jupiter’s proprietary end-to-end trading engine that powers features like Jupiter Beam and Predictive Execution, technology adopted by Robinhood for its own operations.

Meanwhile, VRFD expanded beyond token verification into a full, trusted data layer to address Solana’s challenge of 30,000 daily token launches, most of which are scams or imposter tokens.

VRFD now verifies metadata and provides high-signal insights across all surfaces, including Jupiter mobile and APIs, building on Jupiter Verify’s position as the most trusted token verification system powering nearly every wallet, terminal, and explorer in decentralized finance.

Acquisition Strategy Extends Lending Capabilities Beyond Traditional Assets

To amplify adoption and scalability, Jupiter acquired Rain.fi to expand its money market capabilities to off-chain, long-tail, and long-duration assets that previously lacked viable on-chain pathways.

Rain.fi’s Offer Book, a specialized orderbook launching in Q1, will enable simpler, more transparent liquidity access without price-based liquidations, making every on-chain asset productive through peer-to-peer lending models that scale through Jupiter’s integration infrastructure.

Rain was built to scale and accelerate the credit market on Solana, powered by fixed-term loans.

As credit markets evolve, timing and distribution are key.

We’re proud to announce that Rain is joining the Jupiter ecosystem to accelerate on-chain credit market growth. pic.twitter.com/qe3NbcWLRo

— Rain.fi (@RainFi_) December 11, 2025

The Rewards Hub unified rewards, trading activity, and referrals into one system with a $1 million pool tied to real contributions, addressing what Jupiter called fragmented on-chain incentives disconnected from actual usage.

Jupiter’s coordinated upgrades across data infrastructure, execution tools, lending protocols, and developer resources represent what executives called “deliberate upgrades to systems already powering hundreds of millions of users, traders, and builders” rather than entirely new products.

The post Jupiter Unveils JupUSD Stablecoin and Major Solana Ecosystem Upgrades appeared first on Cryptonews.

America’s largest bank, JPMorgan, has taken a bold step into the future of finance by issuing commercial debt on the Solana blockchain. This move has caught the attention of the broader crypto and traditional markets, as it marks one of the first times a US commercial debt was brought into a public blockchain.

JPMorgan Brings Commercial Debt Papers To Solana

According to a press release published on December 11, JPMorgan has successfully arranged a US Commercial Paper (USCP) Issuance for Galaxy Digital Holdings LP, an affiliate of Galaxy Inc., on the Solana blockchain. The issuance represents one of the earliest debt offerings executed on a public blockchain in the US.

JPMorgan had served as the arranger, creating the on-chain USCP token and managing the delivery-versus-payment settlement for the issuance. Meanwhile, Galaxy Digital Partners LLC had structured the offerings, while US technology company Coinbase Global Inc. and global investment management firm Franklin Templeton had purchased the issuance. 

Scott Lucas, the Head of Markets Digital Assets at JPMorgan, emphasized that the new commercial debt transaction was a key demonstration of institutional demand for digital assets and the transformative potential of blockchain technology in the future of financial markets. He added that, as a user-focused banking institution, JPMorgan is committed to meeting the evolving demand for digital asset exposures. 

Notably, the USPC token issuance is the first commercial paper offered by Galaxy, enhancing the company’s short-term funding capabilities and providing access to a broader institutional investor base interested in blockchain-based money-market instruments. Details from the press release reveal that both the issuance and the redemption proceeds will be paid in USDC stablecoins issued by Circle, marking a first for the US commercial paper market. 

What Other Executives Have To Say

In the press release, Jason Urban, Global Head of Trading at Galaxy, stated that the issuance demonstrates how public blockchains can enhance the functioning of capital markets. He emphasized that bringing Galaxy’s first commercial paper offering on-chain and structuring one of the earliest US transactions of its kind are significant milestones. 

It underscores Galaxy’s vision of using open and programmable infrastructure to support institutional-level financial products. Urban also expressed satisfaction in collaborating with JPMorgan, Coinbase, Solana, and Franklin Templeton to integrate these innovations into daily market operations.

Sandy Kaul, Head of Innovation at Franklin Templeton, highlighted that institutions are moving from experimenting to actively transacting on the blockchain. She noted that deals like Galaxy’s on-chain issuance help build a more open, efficient, and resilient financial system while supporting broader adoption of digital infrastructures in traditional markets. 

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, described the issuance as a key step in bringing the security and efficiency of blockchains to institutional finance. Brett Tejpaul, the Co-CEO of Coinbase Institutional, stated that the transaction shows how institutional finance is embracing public blockchain technology, with Coinbase playing a foundational role as an investor, wallet provider, and custodian for the USPC token.

Solana is making a straight-for-the-liquidity play: bring XRP on-chain in a way that looks familiar to DeFi users, but legible to institutions. In a series of posts on X early Friday, Solana said XRP is “coming to Solana,” with Hex Trust and LayerZero set to bridge and issue a wrapped version of the token—wXRP—designed to be “DeFi-ready” on Solana while staying redeemable 1:1 for native XRP on the XRP Ledger.

XRP Heads To Solana As Wrapped Token

That “redeemable 1:1” line is doing a lot of work. According to Hex Trust, wXRP will be issued only when an equivalent amount of XRP is deposited into custody, and it will be burned when redeemed—classic wrapped-asset mechanics, but with a compliance wrapper aimed squarely at bigger balance sheets. The firm said it will act as issuer and custodian for the underlying XRP, describing wXRP as a 1:1-backed representation of native XRP built to support cross-chain utility and DeFi activity.

“XRP has stood the test of time and cemented itself as one of crypto’s preeminent and most liquid currencies. XRP’s long standing utility meets Solana’s high-performance execution. With significant day one liquidity, traders, holders, and institutions can use XRP within leading Solana DEXes, lending markets, and liquidity protocols, while maintaining exposure to the underlying asset and 24/7 XRPL redemption rights,” the Solana Foundation stated in a thread via X on December 12.

The other headline claim: liquidity, immediately. Hex Trust said wXRP is expected to launch with over $100 million in total value locked, framing it as “day one” depth that should help with pricing and market health once the token starts circulating across venues.

LayerZero’s role is the plumbing. Hex Trust said wXRP will be issued on LayerZero’s Omnichain Fungible Token (OFT) standard, positioning it to move across multiple networks rather than live as a one-off wrapper on a single chain. Solana is first, with Hex Trust also naming Optimism, Ethereum, and HyperEVM among initial targets, plus additional chains later.

Why now? Solana’s pitch is basically: XRP is old-school liquid, Solana is high-throughput, and the combination should unlock new use cases without forcing holders to exit the asset. The practical version of that is straightforward—wXRP becomes usable inside Solana’s DEXs, lending markets, and liquidity protocols while keeping a standing redemption path back to XRPL.

The subtle version is about who’s allowed through the door: Hex Trust says minting and redemption is designed for “authorized merchants” in a KYC/AML-compliant environment, which is the kind of sentence that tends to show up when the target user is a market maker, not a meme trader.

And yes, the messaging is trying to thread the custody needle. Solana Foundation product marketing lead Vibhu Norby described the bridge as “self-custodial from end to end” while emphasizing 1:1 redemption back to the ledger—language meant to reassure crypto-native users that this isn’t “paper XRP,” even if the underlying asset is sitting with a regulated custodian.

Via X, Norby commented on the story behind the partnership: “In November, I unexpectedly became enemy #1 of the XRP Army. Through the resulting public learning process, I had a chance to meet many OG devs, core community members, memelords, and the team at Ripple itself, and I came to an understanding of the uniqueness of XRP as an asset, and its community.”

More color is expected on Day 3 of Solana Breakpoint, where RippleX’s Luke Judges is listed on the agenda for a short “Product Keynote: Hextrust” session moderated by Norby. If this rollout goes the way Solana is implying, that slot is less ceremonial than it sounds.

At press time, XRP traded at $2.0284.

On Thursday, JPMorgan, one of the largest banking institutions globally, marked a pivotal moment in the intersection of traditional finance and cryptocurrency by successfully arranging a US Commercial Paper (USCP) issuance for Galaxy Digital. 

This significant transaction, valued at $50 million, was executed on the Solana (SOL) blockchain and was purchased by Coinbase Global and crypto exchange-traded fund (ETF) issuer Franklin Templeton.

JPMorgan’s Future Plans For Blockchain Structures

This issuance stands out as one of the first instances leveraging blockchain technology for the issuance and servicing of securities, signaling a growing trend of traditional financial firms embracing new technologies. Scott Lucas, the head of Markets Digital Assets at JPMorgan, shared insights on future developments, stating: 

In the first half of next year, we intend to build on this momentum by exploring how this structure and JPMorgan’s role in it can be expanded, not just in terms of the investor and issuer base but also security type.

Acting as the arranger for the deal, JPMorgan also created the on-chain USCP token. The process for both issuance and redemption will be conducted in Circle’s USDC stablecoin. 

This issuance marks Galaxy’s inaugural foray into commercial paper, enhancing the firm’s short-term funding capabilities and facilitating access to a growing array of institutional investors who are increasingly incorporating blockchain-money market instruments into their portfolios. 

Solana Foundation’s Role 

Jason Urban, Global Head of Trading at Galaxy, highlighted the potential of public blockchains in enhancing capital markets’ operational efficiency. 

Urban noted that by actualizing the first on-chain commercial paper offering and aiding in structuring one of the earliest US transactions of its kind, Galaxy is actively promoting an open, programmable infrastructure that supports “high-caliber financial products.”

Sandy Kaul, Head of Innovation at Franklin Templeton, remarked on the industry’s shift towards practical blockchain usage, emphasizing the pivotal role of the investment in backing Galaxy’s initiatives and accelerating progress towards a more open, efficient, and resilient financial ecosystem.

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, highlighted the critical advancement achieved by bringing the security and efficiency of public blockchains to institutional finance. 

He further disclosed that Solana’s architecture facilitates secure and trustworthy financial transactions, providing a robust foundation for institutions like JP Morgan to arrange transactions with enhanced trust and performance standards.

Brett Tejpaul, Co-CEO of Coinbase Institutional, emphasized the transformative impact JPMorgan’s initiative and the milestone transaction in institutional finance’s adoption of public blockchain technology. 

At the time of writing, Solana’s native token, SOL, was trading at $136, having recorded a significant 12% decline over the past 30 days. This price action also positions SOL’s valuation down by over 53% from the all-time high of $293 reached earlier in the year. 

Featured image from DALL-E, chart from TradingView.com 

Anthony Scaramucci showed up to Solana Breakpoint in Abu Dhabi wearing a tie — a small act of rebellion in a sea of hoodies — and then proceeded to make a much bigger one on stage: Solana is going to “flip” Ethereum.

Scaramucci’s Solana Prediction

Not in the Twitter-war, zero-sum, “ETH is dead” kind of way. More like: same league, different growth curve, and Solana ends up with the bigger market cap. “I think it will flip Ethereum, but that doesn’t mean Ethereum’s going down or anything like that. I think there’s going to be market share for Ethereum. I think they could both grow, but I think from a market capitalization perspective, I think Solana will end up growing faster,” Scaramucci told CoinDesk Live on Dec. 11.

That’s been his line for a while. This time it came with a prop: his new book, Solana Rising, which dropped Dec. 9 and — according to Scaramucci — quickly hit the top of Amazon’s “new releases” list for investment management/investment strategy. He framed the book as something for the skeptics, or at least for the friends of the believers.

The pitch is familiar if you’ve been anywhere near crypto conferences this year, but Scaramucci’s version is unusually blunt: Solana is the fastest-growing chain, it’s stacked with activity, it’s cheap to use, and it’s easy to build on. Then you add staking, and you’ve got what he keeps calling “great tokenomics.”

And yes, he’s heavily aligned. “Full disclosure,” he said, “I have a large personal holding in Solana. I have it on the firm’s balance sheet.” How large? On SkyBridge’s balance sheet, he put it at “probably 60%,” with the firm sitting on “north of a nine figure balance sheet.” His personal portfolio allocation, he estimated, is around “6% 7%.” Big, but not “I sold the house for SOL” big.

Notably, Scaramucci emphasized that he’s not “chain monogamous.” He likes Avalanche. He likes Ethereum. He’s not doing maximalism. He’s doing a portfolio. “In fact, who is chain monogamous?” he joked.

The Skybridge Capital founder added: “It’s not an amorous thing. It just has to do with the realities of investing. It’s like owning a lot of stocks in your portfolio. But to me, I just think that it is the fastest growing chain. That’s the most activity of like the top 50 chains combined. It’s got lots of use cases, lots of versatility. It’s easy to develop on and it’s very low fees to transact on and it’s got great tokenomics if you want to stake your Solana like I do.”

He also pointed to the debut of the first spot Solana ETF in the United States — “first staking ETF,” in his words — as another signal that we’re still early. Then came the price talk, because of course it did.

Could SOL hit $300–$400 by the end of next year? “Sure,” he said, tying it to a more constructive US regulatory backdrop — specifically his hope that the CLARITY Act gets passed and unlocks “the full utilization of tokenization.” Longer term, he went bigger: “Is Solana go to $1,000 over the next five years? I really do believe that.”

He also revisited Bitcoin. Same vibe: right call, wrong calendar. “I’ve been right about Bitcoin, but I’ve been wrong about timing,” Scaramucci said, sticking with a $150,000–$200,000 target, and arguing a friendlier rate environment next year could help.

At press time, SOL traded at $139.14.

Post FOMC, crypto has experienced the same price action seen after the last rate cut. A small rally before the meeting, stabilization, and then a drop once the rate cut was announced.

Many analysts see these dips as potential buying opportunities, especially for coins that have proven themselves throughout this cycle. XRP, Solana, and Dogecoin are all sitting on clean pullbacks and have been accumulating in steady price ranges for a while. Their moment might be coming next.

XRP Could Double In 2026 Just Like Bitcoin

Speaking at Binance Blockchain Week 2025, Brad Garlinghouse, the CEO of XRP, dismissed the current bearish mood around crypto as temporary and completely out of sync with the fundamentals supporting the market.

He said 2026 has the potential to be the most bullish year in crypto yet, with institutions paving the way for a $180,000 Bitcoin.

This is the same vibe other major crypto figures are signaling, with CZ predicting a supercycle and saying many all-time highs are coming. So the question now is, how high can XRP go in 2026?

XRP just tapped $2.00 again, its most important level to hold. The one time the chart slipped below it, things did not look good for XRP bulls. However, as long as the price holds above $1.90, the chart structure remains healthy.

The key breakout threshold is at $2.70, a former strong support level that recently flipped into resistance. Reclaiming this zone could confirm a breakout targeting an 80 percent upside move toward $3.70.

Solana ETFs Could Send The Coin To $400

For 16 consecutive weeks, SOL has led all chains in decentralized exchange activity, doubling Ethereum’s volume. With $634 million in net inflows this year and growing cross-chain adoption, the Solana DeFi ecosystem continues to attract liquidity and users.

The momentum is not slowing down either, as Coinbase just launched Solana DEX trading. Users can now swap SOL tokens directly and use USDC, which will likely increase trading volume.

Solana ETFs could pave the way toward $400 as they already attract strong institutional interest and have recorded many consecutive days of positive inflows.

Yet again, Solana has failed to break the great wall at $144. This could lead Solana lower heading into Christmas before it attempts another breakout.

It is important for the price to hold the demand zone shown on the chart to keep the bullish scenario intact. If that zone fails, the setup can be invalidated.

Dogecoin Can Be The Cure To Rise Memecoins Interest Again

The low interest in memecoins and risk assets is clear, as Monday’s total value traded for U.S. spot DOGE ETFs dropped to $142,000, the lowest figure since the products launched. SoSoValue data shows the decline from late November, when daily trading occasionally exceeded $3.23 million.

However, Doge is currently showing strength by holding the $0.13 to $0.14 support zone, which has historically triggered many rallies.

A break and close above the $0.18 to $0.20 resistance range would confirm this strength and could open the path toward $0.24 to $0.26.

Bitcoin Hyper: The Layer 2 Project Positioned To Shine as Altcoins Gear Up for a 2026 Breakout

With XRP preparing for a potential 2026 breakout, Solana attracting heavy institutional inflows, and Dogecoin showing signs of a comeback, one early-stage project is quietly gaining momentum beneath the surface.

Bitcoin Hyper is emerging as a standout narrative for the next cycle, offering meme culture appeal backed by real Bitcoin layer 2 infrastructure.

Bitcoin Hyper is built on the Solana Virtual Machine, giving it high-speed execution, ultra-low fees, and full smart contract support while maintaining a direct connection to Bitcoin’s settlement layer. It also introduces a Canonical Bridge that allows BTC to move across different chains smoothly, solving one of the biggest limitations in the ecosystem.

The project’s presale has already raised more than $29 million, showing strong confidence from early investors even as the broader market chops around FOMC decisions.

Analysts such as Borch Crypto believe HYPER could see a 100x rally once it lists on major exchanges, and a fresh audit from Coinsult reported zero vulnerabilities, boosting trust in the project.

HYPER tokens power staking, governance, and network fees, with presale participants earning up to 40% APY. With the full platform launch planned for 2026, Bitcoin Hyper gives early adopters a chance to position themselves before a potential wave of Bitcoin-focused utility arrives.

Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information.

Visit the Official Website Here

The post Best Crypto to Buy Now 11 December – XRP, Solana, Dogecoin appeared first on Cryptonews.

"I think it will flip Ethereum,” Scaramucci said, before quickly clarifying that he still loves ETH and Avalanche too, insisting he is “not chain monogamous.”

Solana has slipped into a crucial demand zone between $118 and $138, a region where buyers must prove they’re still in the game. Early reactions are emerging, but momentum remains weak, raising the big question: Is SOL preparing for one more leg down, or could a surprise bottom quietly be forming beneath the surface?

Solana Slides Into A Critical Support Zone

Crypto analyst More Crypto Online, in an update shared on X, revealed that SOL has recently dropped into a major support band. This crucial zone stretches from $118 up to roughly $138.30. The analyst emphasizes that this is the exact region where the market must definitively prove that robust demand is still present to prevent further structural decline.

While examining the smallest timeframes, the analyst noted that there are indeed early attempts at a reaction developing within this broad support band. However, the expert warns that these reactions currently lack conviction and do not yet display the sustained buying strength necessary to signal a durable reversal. 

More Crypto Online includes a more bullish possibility, which he labels the “white scenario,” where the broader B-wave correction could finish at any point within this current support region. If successfully confirmed, it would effectively establish a definitive low and open the door for Solana to rechallenge its previous cycle highs by initiating a powerful C-wave rally.

However, the core problem preventing a definitive bullish call is that the recovery observed from the recent swing low has not exhibited the characteristics of an impulsive advance. As long as that remains the case, the analyst concludes that a deeper dip is the more realistic path, cautioning traders to prepare for a potential test of levels below the current support range.

A–B–C Correction Still In Play For Solana

According to More Crypto Online, Solana’s price action continues to mirror the broader structure seen on Bitcoin. The ongoing decline can still be viewed as an A–B–C corrective pattern within the orange scenario, with the final C wave unfolding as a five-legged move. If this interpretation holds, the last leg of the correction still has room to extend further, potentially reaching the $81 to $90 zone.

The analyst noted that the current upswing resembles an internal wave 4 rally. Under this outlook, the market could still produce one more low, completing the final leg of the corrective wave before a more reliable reversal structure begins to form.

Solana now sits at a key decision point, but the Elliott Wave framework indicates that bearish pressure may not be fully exhausted. Until the structure confirms a shift with impulsive upward movement, the chart still allows for another push lower before a durable trend change can develop.

Solana (SOL) token was trading at $131 today, Dec. 11, down by nearly 50% from its highest level in September this year.

The Dogecoin ETFs have continued to record low demand since they launched last month, indicating the lack of interest from institutional investors in the meme coin. Notably, DOGE has also seen the lowest demand through these ETFs among the top coins by market cap. 

Dogecoin ETFs Record Dwindling Volume And Inflows

SoSoValue data shows that the Dogecoin ETFs have continued to see their daily volume and inflows decline since they launched last month. On December 10, the Grayscale and Bitwise DOGE ETFs recorded a trading volume of $125,100. Meanwhile, these funds as a group saw a total net inflow of $171,920 on the day. 

Further data from SoSo Value shows that the Dogecoin ETFs trading volume has been on a decline since December 2, when they recorded a daily trading volume of $1.09 million. These funds have recorded only three 7-figure trading volume days out of 12 trading days since November 24, when Grayscale’s Dogecoin fund launched. 

This is relatively low and signifies little demand for the DOGE ETFs among institutional investors. For context, Grayscale’s Chainlink ETF, the only LINK fund at the moment, has outperformed the Dogecoin ETFs despite launching at the start of this month. Grayscale’s LINK ETF has a total net asset of $77.71 million, while the DOGE ETFs have total net assets of $6.01 million. 

The net flows also highlight the underperformance of these Dogecoin ETFs. Since launching, Bitwise’s DOGE fund has recorded a net outflow of $972,840. Meanwhile, Grayscale’s fund has taken in just over $3 million. The funds, as a group, have recorded net inflows on five of 12 trading days. 

Possible Reason For The Underperformance

Bloomberg analyst Eric Balchunas had warned before now that crypto ETFs like the Dogecoin ETFs would record fewer assets given their distance from Bitcoin in terms of market cap. “’The further away you get from BTC, the less asset there will be,’ he said. Notably, DOGE funds have the lowest net assets among the top 10 cryptos by market cap with ETF wrappers. 

The Solana and XRP ETFs, which also just launched last month, have outperformed the Dogecoin ETFs, although there are more funds offering SOL and XRP. Meanwhile, Balachunas’ theory hasn’t applied to the LINK ETF, as it has outperformed DOGE funds despite Chainlink having a lower market cap than Dogecoin. 

Furthermore, the Hedera and Litecoin ETFs also boast larger net assets than the Dogecoin ETFs, indicating that institutional investors are simply not bullish on DOGE, possibly due to its meme coin status and lack of utility. DOGE is, so far, the only meme coin with an ETF wrapper. 

At the time of writing, the DOGE price is trading at around $0.138, down over 6% in the last 24 hours, according to data from CoinMarketCap.

Coinbase has expanded its Solana integration by activating native decentralized exchange trading inside its mobile application, giving users the ability to swap Solana-based tokens directly on-chain for the first time through the platform.

The update, confirmed by Coinbase protocol specialist Andrew, allows trades to be settled in USDC alongside standard payment options such as cash, bank accounts, and debit cards.

BREAKING: @coinbase to allow users to trade all Solana tokens through a DEX , without listings pic.twitter.com/IyQ5IXHGgR

— Solana (@solana) December 11, 2025

It follows the company’s August rollout of DEX support for Base-network assets and fulfills its earlier promise to bring Solana into the lineup before the end of the year.

Solana Becomes Core to Coinbase’s Vision as On-Chain Trading Surges

The move arrives at a time when Coinbase is pushing to evolve into what it calls the “everything exchange,” a long-term plan to combine custodial and on-chain trading under one roof.

Earlier this month, the company revealed that it would acquire Vector, an on-chain trading platform built natively on Solana.

Coinbase said the deal, expected to close by year-end, will plug Vector’s infrastructure into its DEX architecture.

Vector’s tools specialize in identifying new Solana assets the moment they deploy on-chain or emerge from launchpads, a capability Coinbase believes will improve speed, liquidity, and asset discovery for retail traders.

Solana’s trading environment has become one of Coinbase’s strategic focal points. Data shows that Solana DEX volume has already surpassed $1 trillion in 2025, underlining the chain’s acceleration.

A recent snapshot of the ecosystem shows more than $4 billion in 24-hour volume and nearly $94 billion over the past month

Platforms such as HumidiFi, Pump, Meteora, Raydium, Orca, and Tessera V now dominate activity, collectively accounting for more than 88 percent of daily trades.

The dataset shows that newer entrants have carved out significant market share, reshaping a space once led by Orca and Serum.

Notably, in October, Coinbase quietly expanded its on-chain features by adding DEX trading to its mobile app for U.S. users. The update lets people swap tokens directly on-chain, including assets that haven’t yet made it onto Coinbase’s main listings.

@Coinbase has rolled out DEX trading directly within its mobile app for U.S. users, expanding the platform’s on-chain capabilities.#Coinbase #DEXhttps://t.co/rhNl9TEAuz

— Cryptonews.com (@cryptonews) October 9, 2025

New York users are still blocked due to local rules. The company had been testing the feature with a smaller group of users since August before rolling it out more widely.

Solana Community Voices Friction as Coinbase Rolls Out Base–Solana Bridge

Coinbase’s decision to deepen its Solana integration comes just days after the company faced criticism within the Solana community for launching a new cross-chain bridge between Base and Solana.

The bridge, secured by Chainlink’s Cross-Chain Interoperability Protocol, went live on December 5 and is designed to let users move SPL assets into Base environments and use them inside Base-native applications.

Base lead Jesse Pollak described the product as a two-way channel intended to unlock shared liquidity.

However, Solana co-founder Anatoly Yakovenko dismissed the framing and argued that bridges act as value-capture mechanisms rather than neutral infrastructure.

The problem is that alignment is bs. @ilblackdragon is working on near intents for near, and isn’t trying to sell me alignment bs. It’s a great competitive product that pushes the industry forward. It has solana tokens on it, but the value capture is on near. Good for him.…

— toly (@aeyakovenko) December 5, 2025

He urged Base developers to move computation to Solana if they expected economic alignment.

The tension escalated as Solana Foundation members criticized the bridge’s rollout, saying it bypassed their technical and marketing teams and lacked a single Solana-based launch partner.

Jesse — we’d be happy to engage you in a genuine commercial conversation… just not a performative one with platitudes that don’t mean much.

i’m sure you’ll appreciate that your past DMs (now made public), the comments from the recent panel about flipping solana, and base being…

— Akshay BD (@akshaybd) December 5, 2025

Pollak responded by pointing to nine months of development work and said demand from builders on both sides justified the connection.

Market observers noted that Coinbase and Base had followed a similar pattern during earlier outreach to Ethereum developers.

Coinbase Doubles Down on International Expansion

The DEX expansion also arrives as Coinbase attempts to recover from declining trading volumes and mounting competition from U.S. rivals like Robinhood and Kraken.

By allowing users to hold their own assets and execute trades on-chain, the company is trying to capture demand for self-custody and reduce reliance on traditional exchange infrastructure.

Coinbase’s broader international lineup has also expanded recently. In November, the company launched Coinbase Business in Singapore, and on December 8, the exchange reopened registration in India after a two-year hiatus, with plans to restore fiat support by 2026.

The post Coinbase Expands Native Solana Support With In‑App DEX Trading After Bridge Backlash appeared first on Cryptonews.

Bhutan launches TER, a fully gold-backed token on Solana, as part of a wider strategy spanning tokenized assets, CBDC pilots, and Ethereum-based digital ID.​ Bhutan has launched TER, a sovereign-backed digital token fully collateralized by physical gold reserves, marking the…

Solana faces a liquidity reset with $500M in long positions at risk as ETF inflows clash with thinning on-chain liquidity and elevated leverage.​ Solana’s (SOL) on-chain liquidity has contracted to levels typically associated with bear markets, according to blockchain analytics…

On-chain data shows the Solana Realized Profit/Loss Ratio has dipped into the loss-taking zone recently, a sign that SOL liquidity has thinned.

Solana Liquidity Back At Levels Associated With Bear Markets

According to data from on-chain analytics firm Glassnode, Solana liquidity has recently contracted to levels that are typically witnessed in a bear market. There are many ways “liquidity” of a cryptocurrency can be assessed, but here, Glassnode has used the Realized Profit/Loss Ratio.

This indicator measures, as its name already implies, the ratio between the amount of profit and loss that the SOL investors as a whole are realizing through their transactions.

The metric works by going through the transaction history of each coin being sold on the network to see what price it was last moved at. If the previous transaction price was less than the latest selling price for any token, then the indicator considers its sale to have realized a net gain. Similarly, the metric adds transactions to the loss-taking category in the opposite case.

The exact amount of profit or loss realized in any transfer is naturally equal to the difference between the latest price and last selling value. The indicator adds up this value for both categories and determines the ratio.

Now, here is the chart shared by the analytics firm that shows the trend in the 30-day moving average (MA) of the Solana Realized Profit/Loss over the last few years:

As displayed in the above graph, the Solana Realized Profit/Loss witnessed a sharp spike during the price rally in September. This suggests that profit taking saw an explosion. The indicator maintained at high levels for a while, but following the price peak in October, its value went downhill fast.

In November, the Realized Profit/Loss breached below the 1 mark as SOL plummeted. A value less than 1 on the metric implies loss realization is outpacing profit taking. Since this breakdown, the indicator has only gone lower inside the loss-taking region, a sign investor capitulation has only been becoming more dominant.

Glassnode has noted that the trend signals “liquidity has contracted back to levels typically seen in deep bear markets.” During the 2022 bear market, Solana remained in these conditions for a few months before its price found a bottom.

It now remains to be seen whether the low liquidity will also persist for the cryptocurrency this time, or if the fall into the loss region is only a temporary one for the indicator.

SOL Price

Solana surged to $144 on Tuesday, but the coin has seen a fall back to $138.