Moomoo Expands Crypto Trading to Texas with Direct Crypto Transfers
Moomoo, a subsidiary of Futu, has expanded its cryptocurrency trading services to Texas, now offering direct crypto deposits and withdrawals...
FTX and Alameda recently unstaked and distributed 193,800 SOL, potentially increasing selling pressure.
Spot Solana ETFs have seen 11 consecutive trading sessions of net inflows, reaching $351 million in assets under management, indicating strong institutional demand.
Solana outperforms other blockchains in DEX trading volume and on-chain application revenue.
SoFi Bank now allows customers to directly purchase BTC, ETH, and SOL, enhancing Solana's accessibility.
The $80 billion market cap, aligning with the 100-week moving average, is a critical technical support zone.
Solana's current position reflects a tug-of-war between selling pressure from FTX/Alameda and genuine inflows from ETFs and real users. This balance results in short-term volatility, but regulated institutional capital is expected to be the more influential long-term driver.
The $80 billion market cap is a crucial threshold. If SOL holds this level, it could target the $1,000 price range in the next 3–6 months. However, a break below this support could see SOL retrace toward the $100 consolidation zone, equivalent to a $50 billion market cap.
Polymarket data indicates a cautious market sentiment, with only a 1% probability of SOL reaching $300 by November 2025.
From a technical perspective, the $80 billion market cap is the 'balance axis' for its mid-term trend. A strong rebound could reignite bullish momentum toward the $180–$200 range. Failure to absorb supply from FTX/Alameda wallets could lead to a decline back to $100.
At the time of writing, SOL is trading at $152.43, down 1.1% over the past 24 hours. This is why it matters: Solana's ability to maintain its market cap above $80 billion will determine its short- to mid-term trajectory.
Q: What factors are influencing Solana's price?
Solana's price is influenced by ETF inflows, DeFi activity, and selling pressure from FTX/Alameda.
Q: What is the significance of the $80 billion market cap?
The $80 billion market cap is a critical technical support zone. Holding above this level could lead to a $1,000 target, while breaking below could see a retracement to $100.
Solana is at a critical juncture. Monitor the $80 billion market cap as a key indicator of its future price movement. Be aware of potential selling pressure from FTX/Alameda and the offsetting influence of ETF inflows. The long-term trend will likely be driven by regulated institutional capital.
Do you think this trend will last? Let us know!
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