🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Solana Inflows Turn Positive — Is SOL Ready to Soar?
Key Notes
After months of stagnation and capital flight, the tide appears to be turning for Solana
SOL $150.7
24h volatility: 2.6%
Market cap: $78.04 B
Vol. 24h: $3.80 B
as Solana’s 30-day realized cap inflows flipped back into positive territory, growing at an encouraging rate of 4–5%, comparable to Ripple’s XRP
XRP $2.22
24h volatility: 0.8%
Market cap: $129.99 B
Vol. 24h: $2.17 B
.
According to on-chain analytics platform Glassnode, this marks a potential trend reversal after prolonged outflows, and is a strong indicator that demand is returning to the Solana ecosystem.
The rise in capital inflow usually signals increasing investor confidence. For a network like Solana, this could foreshadow a surge in both retail and institutional interest.
Massive Developments Could Push SOL Higher
Amid this positive sentiment, the US Securities and Exchange Commission (SEC) recently delayed its decision on Grayscale’s proposed spot Solana ETF until October 2025.
Although this may temporarily dampen immediate institutional inflows, it doesn’t negate the broader trend of increasing mainstream attention on Solana.
Further, DeFi Development Corp. announced a $23.6 million SOL purchase, its largest to date. The total holding of nearly 596,000 SOL (worth ~$102.7 million), is being staked, either through independent validators or the company’s own.
While legitimizing Solana’s role in the growing real-world asset (RWA) tokenization space, VanEck debuted VBILL, a tokenized US Treasury fund deployed across multiple blockchains, including Solana.
Technical Outlook: What the Charts Say
At the time of writing, SOL trades at $169.23, down almost 6% in the past 24 hours. However, weekly gains stand at 10%.
Using Fibonacci extension levels from the daily chart below, it is clear that the immediate support for SOL is $163.53 (Fib 1.618) while nearest resistance is $177.20 (Fib 2.618), where price was recently rejected.
Next bullish targets stand at $190.87 (Fib 3.618) and $199.32 (Fib 4.236). If $163.53 breaks, next support sits near $155.08 and $149.
On the other hand, the RSI reads 60.19, having dropped from near-overbought levels (70+). This indicates that the price is cooling off from a recent surge but still remains in bullish territory. A bounce from this level could signal renewed buying momentum.
Note: this is a sponsored message from our partners
🚨Don’t Miss Out on Solaxy ($SOLX)
As Solana maintains dominance in the crypto industry, Solaxy ($SOLX) has emerged as the next-generation blockchain solution purpose-built to enhance the performance and scalability of the Solana network.
Already raising $36.2 million during its ongoing presale, Solaxy has soared to popularity as the first-ever Layer 2 scaling solution on Solana.
About Solaxy
Solaxy is engineered to overcome limitations such as network congestion, scalability bottlenecks, and transaction unreliability that can occur under high network load.
By processing transactions off-chain and bundling them into optimized batches, Solaxy minimizes congestion and transaction failures while ensuring secure final settlement on Solana’s mainnet.
Solaxy Presale Details:
Don’t miss out on Solaxy. It currently offers 112% APY and already has 10.2 billion SOLX tokens staked.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.