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ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

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ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.

The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethena’s core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.

Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.

The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.

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The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct. 5, replacing the existing monthly unlock schedule. Team tokens will remain subject to their original vesting schedules.

The change accelerates the remaining investor unlocks rather than canceling the tokens.

Ethena’s synthetic dollar, Ethena USDe (USDE), ranks as the sixth-largest stablecoin with a $4 billion market capitalization on DefiLlama.

In September 2025, M2 Capital, the investment arm of UAE-based M2 Holdings, invested $20 million in ENA to make it its latest strategic holding. The conglomerate previously invested in the Sui Foundation.

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This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

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ENA Jumps 10% as Ethena Seeks Approval for Revenue-Funded Buybacks

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Crypto Breaking News

Ethena’s native token ENA surged after the Ethena Foundation announced a package of governance and treasury updates aimed at changing how the protocol’s revenue is handled and how certain investor token schedules unwind.

In an ecosystem update posted Thursday, the foundation detailed four changes, including a vote on a “fee-switch” mechanism that would direct a large share of net revenue toward ENA buybacks once Ethena’s synthetic dollar supply (USDe) reaches a specified milestone.

Key takeaways

  • The Ethena Foundation opened a governance vote on a fee-switch proposal tied to USDe reaching a $7.5 billion milestone.
  • Under the proposal, 95% of the foundation’s net revenue from Ethena’s core business lines would be used to buy ENA after the threshold is met.
  • Tokenholders have until Sept. 2 to vote; at the time of publication, Snapshot showed 65 votes representing about 14.4 million ENA voting power, all in favor.
  • The foundation also said it completed a buyout of locked ENA held by certain early investors and agreed to adjust remaining investor unlock timing to Oct. 5.

Fee-switch proposal links buybacks to USDe scale

The center of the announcement is a governance vote on whether to switch Ethena’s fee handling toward token repurchases. According to the Ethena Foundation’s blog post, 95% of the net revenue paid to the foundation from Ethena’s core business lines would be allocated to purchase ENA once the circulating supply of USDe reaches the first milestone of $7.5 billion.

Voting runs until Sept. 2. Data from Snapshot shows all cast votes so far have supported the proposal. At the time of writing, 65 votes accounting for roughly 14.4 million ENA in voting power were recorded, with every one of them in favor.

For ENA holders, the significance is practical: if implemented, the buyback program would effectively transform a portion of protocol revenue into recurring demand for the token—though the trigger is conditional on USDe growth, which means timing depends on how quickly supply climbs to the milestone.

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ENA reacts as governance activity accelerates

Market pricing reflected the renewed focus on treasury policy. CoinGecko data shows ENA rose 10.7% over 24 hours and gained 27% over the past week, trading above $0.17 as of 8:11 am UTC on Friday.

Even without assuming the vote’s outcome, the governance framing itself can matter to traders: buyback mechanisms are often viewed as a direct link between protocol economics and token supply dynamics. Here, the foundation’s proposal is explicit about how revenue would be used after the USDe threshold is reached.

Locked token buyout and changes to investor unlock timing

Beyond the fee-switch idea, the Ethena Foundation outlined steps affecting locked ENA held by early participants. The foundation said it had bought locked ENA from certain major seed investors who reduced some holdings during the previous nine months.

In a separate development, the foundation stated it agreed with lead investors to release remaining unvested investor allocations on Oct. 5, replacing the existing monthly unlock schedule. The foundation emphasized that team tokens remain subject to their original vesting schedules.

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Importantly, the change described in the update accelerates remaining investor unlocks rather than canceling the tokens. For market watchers, that distinction is notable: faster unlocks can increase near-term supply pressure if demand does not keep pace, even if buyback plans later aim to offset supply effects through repurchases.

Where Ethena’s stablecoin ranks and why it matters for ENA

Ethena’s synthetic dollar, USDe, is listed by DefiLlama as the sixth-largest stablecoin by market capitalization, with roughly $4 billion at the time referenced in the update. A protocol’s stablecoin scale can be consequential because governance proposals and revenue flows are often tied to activity that grows with circulating supply.

In this case, the foundation’s fee-switch vote is explicitly tied to USDe reaching $7.5 billion in circulating supply—meaning the token’s economics are positioned to change as the synthetic dollar expands. Investors should therefore track not only ENA’s price, but also USDe’s growth rate toward the milestone.

Strategic investor interest remains part of the backdrop

Ethena’s ecosystem update comes amid ongoing institutional attention. Earlier coverage cited an investment by M2 Capital, the investment arm of UAE-based M2 Holdings, which put $20 million into ENA as a strategic holding in September 2025 while total value locked neared $15 billion. The conglomerate had previously invested in the Sui Foundation.

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While that investment does not determine the outcome of the new vote or the timing of unlocks, it underscores that ENA is being treated as a strategic position by at least some larger investors—precisely the group that is likely to weigh governance and supply-schedule changes closely.

With the fee-switch vote still open until Sept. 2 and the remaining unvested allocation timing now set for Oct. 5, the next key question for ENA holders is whether USDe’s path toward the $7.5 billion milestone keeps pace—while also monitoring how accelerated unlocks might affect supply in the interim.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Pi Network’s Major AI Change Is Now Live: Here’s What Pioneers Need to Know

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Pi Network announced yesterday another expansion of SoloHost, adding OpenClaw and Atlassian MCP Server as featured applications available through the native Pi Desktop.

The two new additions were initially introduced alongside the recent Node 0.6.2 update, which we reported a few weeks ago, but are not being formally highlighted by the team as examples of how they intend to expand the utility of their Nodes beyond simply supporting the blockchain.

AI Push Expanded

The official blog post from the team highlighted the more broadly applicable addition called OpenClaw. It’s a locally run AI agent capable of assisting users with various tasks and operating using either a locally hosted AI model or external ones such as ChatGPT and Claude.

Its memory is stored locally on the user’s computer in either configuration, although requests sent to cloud models are still processed by the external providers.

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The team explained that running OpenClaw through SoloHost places the agent inside a container that restricts its default access to unrelated files and resources on the user’s computer. Pi Desktop handles much of the technical setup automatically, reducing the need for Pioneers to manually configure servers, Docker environments, and other infrastructure.

OpenClaw joins Hermes, another local AI agent already available through SoloHost.

Second Addition

The Core Team outlined the second major change, Atlassian MCP Server, which targets a more specialized audience. It allows developers and professional teams to run their own local MCP server and connect compatible AI tools with Jira.

Pi Network said both of these new additions aim to transform its infrastructure into a practical computing platform. Recall that SoloHost saw the light of day on Pi2Day (June 28) and enables third-party devs to publish self-hosted applications that Pioneers can run through Pi Desktop.

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In theory, this allows developers to access Pi’s network of over 420,000 claimed node operators, while providing Pioneers with additional uses for the computing resources they already operate.

Aside from the aforementioned additions, the Core Team recently introduced new pricing for its App Studio model, moving away from subsidized rates to reflect the actual AI service costs. The change went live on August 24.

The post Pi Network’s Major AI Change Is Now Live: Here’s What Pioneers Need to Know appeared first on CryptoPotato.

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Bitcoin hits highest level in 3 months before pulling back as altcoins consolidate

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Bitcoin hits highest level in 3 months before pulling back as altcoins consolidate


BTC briefly touched $81,455 overnight, its highest since May 15 as Nasdaq futures slipped and gold extended gains heading into the weekend.

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Dow Jones Analysis: Attempted Trend Breakout Amid Fed Rate Expectations

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Dow Jones Analysis: Attempted Trend Breakout Amid Fed Rate Expectations

On 26 August, the US Commerce Department released July data on the Personal Consumption Expenditures (PCE) index. Core PCE rose 0.2% month-on-month and 3.3% year-on-year, in line with market expectations. Ellen Zentner, Chief Economic Strategist at Morgan Stanley Wealth Management, noted that the modest upside surprise in inflation was not significant enough to shift the balance of expectations ahead of the Federal Reserve’s September meeting.

Earlier, on 19 August, minutes from the Fed’s July meeting showed that policymakers remained open to further rate increases if inflationary pressures persisted, with three committee members having already voted in favour of a hike. Against this backdrop, Treasury yields remain close to multi-year highs, keeping rate expectations tilted towards the possibility of further tightening.

Technical Analysis of Dow Jones

The four-hour Dow Jones chart (WS30m on FXOpen) shows a short-term downtrend, with prices steadily declining from a local peak around 54,700 and establishing a descending trendline in the process.

On 25 August, the index moved beyond the trendline and subsequently formed the current market profile. The index is now trading between the Point of Control (POC) at 53,490 and the upper boundary of the profile at 53,700.

If the breakout develops into a sustained advance, the next significant level to watch is the red resistance area around 53,900.

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Conversely, if the trend breakout proves to be false and the decline resumes, the price would first need to move through the POC at 53,490 and then break below the lower profile boundary at 53,320. Only after clearing this area would the path towards the green support level around 53,150 become more open.

The RSI + MAs indicator currently shows readings of 52, 55 and 51. The oscillator and both moving averages remain within the neutral zone, although the moving averages are still displaying a bullish signal.

Key Takeaways

The attempted break above the descending trendline is taking place within a dense market-profile area, providing no clear confirmation of a sustained move in either direction.

The index’s next move could depend on whether the current divide in expectations surrounding the Fed’s September decision persists or whether incoming economic data shifts the balance decisively in one direction.

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Ethereum Price Faces Glamsterdam Test as 3X Network Speed Threatens Smart Contracts

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eth logo

Ethereum price is starting to stabilize, as the network’s next major upgrade puts its core economic assumptions under scrutiny. The dip is minor. The question hanging over it isn’t.

The Ethereum Foundation’s candidate Glamsterdam schedule aims to triple base-layer throughput by repricing gas to match actual resource consumption, but the repricing hits state-growing operations hardest.

EIP-8037 and EIP-8038, both still sitting in formal Review status, model a scenario where a 200 million gas limit pushes annual state growth to roughly 387 GiB, enough to blow past a cited 650 GiB performance threshold within a year. This is not a hypothetical stress test.

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Geth’s state database already sat near 390 GiB in January 2026, and the gas limit hike from 30 million to 60 million alone tripled daily state creation from 105 MiB to 326 MiB.

None of this is priced in yet, and Ethereum’s official roadmap targets Q4 2026 with no fixed mainnet fork date. That leaves a live testing window and a market still deciding whether $2,500 is a floor or a ceiling.

Discover: The Best Token Presales

Can Ethereum Price Hold $2,500 Before the Glamsterdam?

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ETH’s current $2,490 print sits just below the psychological $2,500 mark, with recent price action pinned inside a tightening range.

Our latest read flags $2,550–$2,600 as immediate resistance, while support layers sit at $2,400–$2,450 and, deeper, $2,200–$2,250. The pivot data placed the upper Bollinger Band near $2,530, a level that’s held for over a week now.

Ethereum (ETH)
24h7d30d1yAll time
  • Bull case: a clean break above $2,550 opens room toward the $2,600 band, with volume confirming continuation.
  • Base case: ETH grinds sideways in the $2,450–$2,550 channel while Glamsterdam parameters finalize.
  • Bear case: a failure to hold $2,400 support drags price toward the $2,200 zone, with state-bloat headlines adding fundamental drag on top of technical weakness.

Worth watching how EIP-8037’s testing outcomes land in the coming weeks. Repricing debates rarely move fast, but they move markets when resolved.

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Maxi Doge Targets Early Mover Upside as Ethereum Tests Key Levels

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Ethereum near $2,500 with a market cap in the hundreds of billions doesn’t leave much room for asymmetric upside. A double from here is a monumental lift.

This is the math pushing traders toward earlier-stage plays where the ceiling isn’t already priced by institutional flow. Protocol-level economic shifts like Glamsterdam’s repricing tend to reward patience over speculation on majors, which is exactly why presale rotation picks up during consolidation phases like this one.

Maxi Doge is an Ethereum-based ERC-20 meme token built around a 1000x-leverage trading persona and holder-only trading competitions with leaderboard rewards.

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The presale has raised $4.8 million at a current token price of $0.0002836, with a huge 65% APY staking live for participants. A Maxi Fund treasury backs liquidity and partnerships. Momentum around the raise has tracked broader meme-coin rotation activity.

Research Maxi Doge directly before the presale window closes.

Discover: The Best Crypto to Diversify Your Portfolio

The post Ethereum Price Faces Glamsterdam Test as 3X Network Speed Threatens Smart Contracts appeared first on Cryptonews.

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XAU/USD: Gold Tests Its Trendline After a Powerful August Rally

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XAU/USD: Gold Tests Its Trendline After a Powerful August Rally

Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury’s surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.

All eyes now turn to Fed Chair Kevin Warsh’s Jackson Hole speech, the week’s pivotal event. A hawkish tone or a fresh rise in real yields could trigger meaningful profit-taking after such a sharp run-up, while continued dollar weakness would likely keep gold’s momentum intact. Adding to the tension, this week’s data slate, including preliminary Q2 GDP, jobless claims, and Michigan’s inflation expectations, gives markets plenty of reasons to stay on edge.

With gold already up nearly 96% over the past year and testing territory unseen in months, the metal finds itself balancing two powerful forces: genuine structural demand against a market that may finally be due for a pause.

Technical Analysis of XAU/USD

As the XAU/USD chart shows, gold has been trading within a well-respected ascending trendline since the 4,022 low in late July, having earlier broken decisively above the descending trendline that capped the May–July decline. Price recently touched a fresh high near 4,698, the 0 Fibonacci level, before pulling back and now testing the confluence of the ascending trendline and the 50-period EMA near 4,561.

Bullish Scenario

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Should buyers defend this trendline-EMA confluence, the broader uptrend structure remains firmly intact. A renewed push higher would target a retest of the 4,698 high, with a confirmed break above that level opening the door toward the 4,760–4,800 resistance zone and fresh record territory beyond.

Bearish Scenario

Conversely, a decisive break below the ascending trendline and the 50-period EMA would signal that a deeper correction is underway, exposing the 0.382 Fibonacci retracement near 4,440 as the first real test, with a further slide risking a retest of the 0.5 level around 4,360.

With price sitting right at the intersection of a multi-week trendline and the 50-period EMA, gold’s next move looks set to determine whether this powerful August rally has more room to run or whether it’s due for a deeper pause.

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Live updates: Bitcoin options worth $6.4 billion just expired as prices hover near $80,000

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Live updates: Bitcoin options worth $6.4 billion just expired as prices hover near $80,000


The $6.4 billion expiry cleared after bitcoin’s run from roughly $62,000 to $80,000, leaving traders to rebuild positions around a very different price range.

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PURR Stock Jumps 11% After Hyperliquid Treasury Firm Reports Annual Results

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Hyperliquid Strategies (PURR) Stock Performance.

Hyperliquid Strategies’ stock climbed 10.99% to $12.83 on Thursday after the treasury company reported $305.5 million in net income for the fiscal year ended June 30. PURR added another 3.43% to $13.27 in after-hours trading.

The Nasdaq-listed firm finished the period with 29.3 million HYPE tokens and $149.9 million in cash. It carries no debt.

Hyperliquid Strategies (PURR) Stock Performance.
Hyperliquid Strategies (PURR) Stock Performance. Source: Google Finance

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HYPE Rally Drives the Profit

Most of the earnings came from token price movement. Unrealized gains on the HYPE token reached $709.9 million, according to the company’s results.

A one-time loss of $169.2 million on tokens contributed at the business combination offset part of that figure. Deferred tax expense absorbed another $183.5 million.

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Operating income stayed small by comparison. Staking revenue and validator commissions totaled $9.5 million, while interest income added $2.7 million.

Total assets reached $2.06 billion, including $1.9 billion in HYPE valued at $65.04 per token. CEO David Schamis framed the year as a build phase.

“We more than doubled our HYPE treasury, jointly launched a validator that has quickly become one of the largest on the network and completed the exit from our legacy biotech operations,” Schamis said.

Meanwhile, Hyperliquid Strategies raised $646.6 million through a committed equity facility at an average of $8.70 per share. It also deployed $773.4 million to buy roughly 16.5 million HYPE at an average of $46.77.

The company spent $27.8 million repurchasing about 5.8 million PURR shares at an average price of $4.80. Cash stood at $132.6 million as of August 19.

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HYPE Treasuries Split From the Sector

HYPE appreciated about 77% during the quarter ended June 30. Total digital asset market capitalization fell roughly 13% over the same stretch.

That divergence separated HYPE-focused vehicles from the rest of the treasury sector, which saw losses. Hyperion DeFi reported record quarterly net income of $31 million this month, driven by similar treasury gains.

Companies tied to other tokens reported the opposite. Bitcoin’s (BTC) largest corporate holder, Strategy, booked an $8.62 billion net quarterly loss.

Bit Digital posted a $107.2 million loss, with roughly $86 million tied to writedowns and non-operating items. Token performance, rather than treasury design, drove most of the gap this quarter.

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The post PURR Stock Jumps 11% After Hyperliquid Treasury Firm Reports Annual Results appeared first on BeInCrypto.

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Days Before Apple Changes CEOs, Pikachu Showed Up at Apple Park

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Apple Inc. Stock Chart

Incoming Apple CEO John Ternus met The Pokémon Company team and Pikachu at Apple Park on Thursday. Tim Cook shared the visit on X ahead of the September 1 handover.

Cook gives up day-to-day control next week. The meeting, therefore, introduced Apple’s next chief to one of the biggest franchises in gaming.

Apple CEO John Ternus Talks Gaming Before the Handover

Cook kept the tone light. He set out a three-item agenda for the day, namely introducing Ternus to the Pokémon team, discussing gaming, and keeping Pikachu away from the Apple Park pond. Two of the three worked, he joked.

The video he posted follows Pikachu across the campus. The mascot dances under the rainbow arch and helps itself to fruit in the orchard. The pond, judging by Cook’s punchline, won in the end.

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Ternus arrives with a low public profile after two decades inside Apple’s hardware engineering group. Apple named him chief executive in April. Cook has led the company since 2011 and keeps his board seat as executive chairman.

Tsunekazu Ishihara, president and chief executive of The Pokémon Company, joined the visit. Pokémon has shipped mobile titles on iOS for a decade. Apple, meanwhile, keeps treating games as a services growth engine.

Apple shares closed at $314.58 on Thursday, up 0.36% on the day. The stock has added 37.6% over the past year. It has slipped 7.5% in the past month, however, after the Q3 earnings reaction in late July.

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Apple Inc. Stock Chart
Apple Inc. Stock Chart. Source: TradingView

Ternus also takes the job eight days before Apple’s September 9 iPhone keynote. Apple has billed the event with the line “Surprise and shine,” and the iPhone 18 Pro, plus a first foldable iPhone lead expectations.

Nintendo Stock Climbs as Pokémon Worlds Opens in San Francisco

Nintendo gained 3.5% to ¥9,032 in Tokyo on Friday, or about $57 at current rates. The stock still trades roughly 38% under its ¥14,630 record from last year, worth close to $92.

Nintendo co-owns The Pokémon Company with Game Freak and Creatures. Pokémon revenue therefore reaches Nintendo indirectly, on top of Switch software sales.

Nintendo’s fiscal 2026 revenue nearly doubled to ¥2.31 trillion, around $14.5 billion, as Switch 2 shipped. Management has since reaffirmed guidance of 16.5 million Switch 2 units for the current year.

The timing helps. The Pokémon World Championships open at San Francisco’s Moscone Center on Friday and run through Sunday. Gaming has moved markets repeatedly this month. Take-Two lost billions in value after a GTA 6 leak, then answered with a Netflix reveal.

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For crypto readers, the Apple CEO handover matters less for games than for App Store policy. Ternus inherits the rules that decide how wallets and payment apps reach iPhone users, an overlooked crypto angle of the transition.

Apple CEO John Ternus starts on September 1. Cook stays on as executive chairman, however, so his influence does not disappear overnight. The September keynote should show how much of Apple’s gaming talk turns into product.

The post Days Before Apple Changes CEOs, Pikachu Showed Up at Apple Park appeared first on BeInCrypto.

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Solana ETF Inflows Hit Third-Largest Day Since Launch, Yet History Points to a 20% Risk

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ETF Record

Solana (SOL) drew $60.91 million into US spot crypto ETFs on August 27, nearly seven times the previous session and the third-largest day since these funds launched. It was the strongest reading since November 3, 2025.

History gives that milestone an awkward edge. The only two days that ever beat it both arrived just before Solana fell hard.

The Record, and What It Is Not

Cumulative net inflows grew 4.83% in one session (between August 26 and August 27).It is the fastest one-day increase of 2026, lifting the running total to $1.322 billion, per SoSoValue data. Traded value more than doubled to $196.82 million.

Precision matters, though. August 27 was neither the largest inflow day nor the largest percentage jump, and Bitwise’s BSOL supplied about 66% of the total. Five of nine funds saw money arrive, so the day was broad but concentrated.

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ETF Record
Solana ETF Record: BeInCrypto

Access keeps widening around those flows. Morgan Stanley listed its MSOL trust in July, Grayscale added staking distributions in August, and Charles Schwab said on August 27 it would add SOL to its crypto accounts, though that plan is not live yet.

wall street keeps opening altcoin doors
Solana Access Ladder: BeInCrypto

The Two Bigger Days Both Marked Tops

Here is the part worth pausing on. SOL took in $69.45 million on October 28, 2025, then fell 20.1% within seven days and 27.5% within a month. It took in $70.05 million on November 3, 2025, then dropped 21.1% over the next fortnight.

Solana ETF Precedent
Solana ETF Precedent: BeInCrypto

Two cases prove nothing, and the entire market slid through late 2025. Still, record ETF demand has so far arrived near local highs rather than launching new legs.

Why This Time Has More Under It

Unlike those episodes, Solana’s fundamentals are moving with price. Tokenized real-world assets hit an all-time high of $4.167 billion on August 25, with holders up 12.12% in 30 days, per RWA.xyz.

The network earns more too. Fees rose 37.29% against the prior month and DeFi deposits climbed 24.36% to $5.96 billion, per DeFiLlama. Solana’s share of all decentralized exchange volume hit 31.16%, above its 27.65% average.

Solana Confirmation Stack
Solana Confirmation Stack: BeInCrypto

Capacity expanded ahead of the demand. The maximum block size rose 66% in July and MoneyGram cash rails now reach over 170 countries.

Network Buildout
Solana Network Buildout: BeInCrypto

Bigger blocks mean more transactions fit without fees climbing, and MoneyGram lets people convert cash to crypto over a counter, so Solana is expanding both its capacity and its on-ramps.

What the Solana Price Rally Has Not Proved

Two rails still lag. Stablecoin supply rose just 0.59% in 30 days while SOL gained 46.3%, and it sits 4.15% below July’s peak.

Weekly active addresses fell 7.23% even as transactions rose 3.31%, so fewer wallets are doing more, which can mean bots rather than adoption.

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What Has Solana Not Confirmed
What Has Solana Not Confirmed: BeInCrypto

Leverage looks deceptive as well. Open interest jumped 62.19% in dollars but only 10.34% in SOL units, meaning most of that build is the token’s own price.

Binance’s taker buy-sell ratio sat at 0.907, below neutral.

Leverage Illusion
Solana Leverage Illusion: BeInCrypto

Put simply, the crowd has added fewer bets. Also, a ratio under 1 means more traders are hitting sell orders than buy orders. This means that the rally is running without fresh conviction behind it.

Solana Price Levels Into September

SOL trades near $107 after climbing 49.35% since August 16, down 1.66% today. Four moving average crossovers drove that run, ending with the 20-day line clearing the 200-day around August 28.

Price Trend
Solana Price Trend: TradingView

No fresh crossover is queued. The pullback resembles a bullish pole and flag, where a steep rally pauses before another push. SOL failed at $109.39, and a daily close above it opens $112.80, then $123.83 and $141.68.

Solana Price Analysis
Solana Price Analysis: TradingView

Selling volume stays lighter than the August 25 profit-taking, which favours bulls. Below, $105.98 and $101.77 catch a slide, while losing $94.95 breaks the bullish thesis.

Analyst’s View: The difference between now and those 2025 record days is what sits underneath. Back then the flows arrived with nothing but price behind them, while today fees, tokenized assets and DEX share are all rising with SOL. That is the case for treating this record differently.

The post Solana ETF Inflows Hit Third-Largest Day Since Launch, Yet History Points to a 20% Risk appeared first on BeInCrypto.

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