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Solana news today is dominated by one number: $205. The Layer-1 giant is charging toward a key resistance that’s rejected three times before, and bulls believe this time might be different.
Backed by rising volumes, ascending triangle patterns, and institutional whispers, SOL is making its most serious run yet.
But there’s a twist. While Solana gears up for a possible breakout, another project riding its wave – Wall Street Pepe (WEPE) – is turning heads with a token burn strategy that’s lighting up both Ethereum and Solana.
From NFT launches to dual-chain tokenomics, WEPE is fast becoming the underdog to watch in Solana’s ecosystem.
Volume and Indicators Support the Breakout Narrative
Solana’s volume surged past $9.1 billion over the last 24 hours, even as volatility across the broader market cooled. The daily candle is pushing higher on strong volume – a sign that buying interest isn’t fading yet.
The technical indicators are supporting this move too. The MACD has confirmed a bullish crossover, signaling that trend momentum may be shifting to the upside. RSI remains neutral around 55, giving SOL room to run without entering overbought territory.
Analyst Lark Davis explained the triangle structure and noted that Solana has already made three failed attempts to break $205. But each low since then has been higher, suggesting that sellers are weakening with every rejection.
If bulls manage to push SOL through $205, the next logical target becomes $255, according to technical projections.
This pattern has played out before. When Ethereum broke its own ceiling at $3,800, price flew past $4,600 in just days. Now, traders are watching to see if Solana follows the same break-and-run sequence.
Institutional Activity Reshapes the Landscape
Aside from technicals, something bigger is happening. Institutional capital is entering the picture in a way we haven’t seen for Solana before.
Just days ago, Pantera Capital announced its plan to raise up to $1.25 billion to convert a Nasdaq-listed company into a Solana-focused investment entity.
This move would channel massive capital directly into SOL through a renamed holding firm called “Solana Co.” It’s not just a bullish bet – it’s a way for large investors to gain compliant exposure at scale.
This matters because corporate demand changes the playing field. When institutions enter a market, it doesn’t just create price pressure – it brings stability, long-term conviction, and access to deeper pools of liquidity.
This level of demand could help explain why SOL is refusing to dip despite repeated rejections at the top.
Meanwhile, the $210–$215 zone remains the final hurdle. Analysts say that breaking through it with high volume could unlock a rapid price surge toward $300, especially as fund flows accelerate.
If Solana fails to break above, however, $176 remains the key support line – still a healthy cushion in this upward channel.
Solana Becomes Home for Meme-Chain Expansion
Wall Street Pepe’s team confirmed that their long-term plan is to fully transition to Solana. Ethereum holders will be able to swap tokens 1:1 into SOL WEPE without fees, and all future growth will anchor around Solana’s infrastructure.
This makes sense. Solana offers faster transactions, lower fees, and a meme-friendly environment where communities thrive.
As activity ramps up, the WEPE ecosystem is also expanding – offering staking incentives, NFT access, and social rewards that tie deeply into crypto-native culture.
The burns continue too. More than 1,240 ETH-side burns have been logged, and over 6.8 million tokens are set to be burned at launch. Each move reduces circulating supply and amplifies scarcity.
With the combination of meme appeal, aggressive tokenomics, and a pivot to Solana, Wall Street Pepe is aligning perfectly with the broader Layer 1 momentum. It may not be the headline on the chart, but it’s quickly becoming one of the most interesting side plays in the Solana story.
Wall Street Pepe Burns Tokens, Boosts Solana Hype
While Solana builds momentum on the charts, Wall Street Pepe is making waves in the background.
The meme coin recently launched its first NFT collection and kicked off a massive burn event – over 1.7 billion tokens were burned in under a week. That’s nearly 1% of total supply.
What makes it more interesting is that the project is using a dual-chain strategy: as new tokens go live on Solana, each transaction on that side triggers a corresponding burn on Ethereum.
That creates scarcity across both chains while driving liquidity and attention directly to Solana’s ecosystem.
The strategy worked. WEPE has gained 42.7% since the NFT launch on August 22. Over 1,700 NFTs were minted by whitelisted users, and the next whitelist round targets major holders from blue-chip collections like BAYC, Pudgy Penguins, and Azuki.
The frog isn’t just hopping – it’s burning and building.