Bitcoin and Ethereum slumped, but Solana is playing Go with institutional adoption, ETF filings, and a potential CBDC integration. Is massive liquidity about to flow into SOL?
In another extremely choppy week for the markets, which probably resulted in a few laptops and monitors getting smashed by leverage traders, Señor Fed Jerome Powell pumped the markets when he hinted at a potential rate cut during his speech at Jackson Hole, briefly pushing Bitcoin above $117,000.
However, the markets quickly reversed, wiping out Powell-driven gains. Bitcoin sank below $109,000 for the first time in seven weeks due to a mix of profit-taking, changing rate expectations, and a whale dumping 24K BTC in one go.
The fallout was brutal: over $900M in leveraged positions were liquidated in a single day.
Most leading tokens in the Solana ecosystem could not escape the volatility and clocked losses. After jumping from the $180 range to over $210 as ETH was on the cusp of breaking $5K before the crash, SOL retraced back to under $190. Only Aave (14%) had a green week in the Top 20.
It could have been worse, but a flash flood of institutional and ecosystem momentum saved the week for Solana.
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Pantera Capital is raising up to $1.25 billion to launch Solana Co., a U.S.-listed firm designed to hold massive amounts of SOL. If successful, it would become the largest corporate Solana treasury ever
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VanEck has filed with the SEC to launch the first U.S. ETF backed by a liquid staking token, JitoSOL. The product would give investors regulated exposure to Solana’s staking yields.
Solana’s corporate treasury strategy is shifting into a higher gear as institutions make major moves.
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Medical device maker Sharps Technology has jumped on the bandwagon with a $400M Solana treasury plan, sending its stock up nearly 100% in a single day. The firm inked a deal with the Solana Foundation to scoop up $50 million worth of SOL at a 15% discount.
Here is your week in Solana.
Solana powered through the choppy week with a 4% gain as its price climbed to $189. The gains could have been more, though, as a hacker who drained $300M+ from Coinbase spent nearly $8 million buying SOL at $209.
Source: CoinMarketCap
Solana’s total value locked (TVL) edged up 2% to $10.7 billion, strengthening its position in second place.
Source: DeFiLlama
Solana’s DEX activity ticked higher this week, adding 5% and pushing its 30-day trading volume toward the $200 billion mark.
Source: DeFiLlama
Source: CoinMarketCap
Just 13 wallets raked in over $24.5M from Kanye West’s explosive YZY meme coin launch on Solana—leaving over 50,000 wallets bleeding losses. While insiders sniped the top, YZY crashed 74% within a day, turning a hyped pump into a brutal dump.
1inch has launched trustless, bridge-free swaps between Solana and 12 EVM chains. This enables smooth asset transfers with built-in MEV protection and eliminates the need for third-party bridges—marking a major step toward unified DeFi liquidity.
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Consider dialing back leverage—over $900M was liquidated; protect your capital before you’re next.
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Watch Solana treasury moves—incoming deals could shift liquidity flows and move SOL’s price.
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Don’t chase meme pumps—late entries often fund early exits. Trade smart, not last.