🔥 Highlights from Today
1. Bonk.fun dominates token issuance
Over the weekend, Bonk.fun overtook Pump.fun to become the leading Solana launchpad, capturing a 55% share of token issuance volume. The platform directs 58% of its fees to buy and burn BONK, boosting token demand and potentially tightening supply significantly .
2. SOL price consolidates in bearish wedge
Solana is currently stuck in a tightening bearish wedge, trading roughly between $150–154 with support zone around $140–142. The pattern and technical signals suggest a possible downside break to $127 if support fails .
3. Upside bounce anticipated by analysts
Contrasting bearish views, some analysts suggest a bullish bounce is building: SOL has recently rebounded from $150 support, and as long as $146 holds, it could run toward $160–165 on renewed momentum .
4. Tokenized stock market has tripled
On-chain data reveals Solana’s tokenized asset segment jumped from $15 M to $48.5 M in two weeks, now comprising 61 tokenized stocks—an indicator of growing confidence in real-world asset (RWA) solutions on-chain .
5. Q2 revenue tops Ethereum
Solana led all blockchains in Q2 2025 network revenue, outpacing Ethereum—a remarkable milestone underscoring its high throughput, NFT/DeFi activity, and institutional usage .
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📈 Market & Technical Summary
Metric Status
Price range ~$150, resistance ~$154, support $140–146
Network strength Daily tx > 100M, Q2 revenue #1
Bullish catalyst Bounce up to $165 if $146 holds
Bearish risk Breakdown below $140 could lead to $127
Ecosystem sentiment Strong token launches, RWA growth
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🎯 What to Watch Next
1. Support levels – if SOL stays above $146–150, a bullish breakout toward $160+ looks likely.
2. Launchpad traction – Bonk.fun’s continued dominance could keep demand high for BONK and ecosystem tokens.
3. RWA momentum – further growth in tokenized stocks would strengthen Solana’s appeal.
4. Revenue trends – whether Q3 maintains revenue lead is critical for long-term narrative.
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Solana is at a pivotal crossroads: it boasts top-tier on-chain performance and innovation, with bullish and bearish setups battling it out. A breakout above ~$154–155 could ignite significant upside, but failure to hold support around $140–146 may signal deeper consolidation.
