Binance Traders Eye Solana (SOL) as Parabolic Breakout Nears with $10,000 Target

Solana (SOL) is on the verge of a parabolic breakout, with analysts setting a bold $10,000 price target. The cryptocurrency has shown consistent growth since mid-April, gaining 12% in the past week alone. This bullish momentum is further fueled by a Trump-era executive order that allows crypto exposure in $9 trillion retirement accounts, significantly boosting market sentiment. As of August 12, 2025, Binance traders are closely monitoring SOL's trajectory, anticipating a major rally. The altcoin's technical indicators suggest a strong upward trend, making it a hot topic among investors. With its recent performance and favorable market conditions, Solana could be poised for unprecedented growth, potentially reshaping the crypto landscape.

Solana Price Prediction: SOL Nears Parabolic Breakout with $10,000 Target in Sight

Solana (SOL) is approaching a critical technical threshold that could trigger a parabolic rally, with analysts reviving predictions of a $10,000 price target. The altcoin has established a series of higher lows since mid-April, gaining 12% over the past week as bullish momentum builds.

Market sentiment received a boost from a Trump-era executive order allowing crypto exposure in $9 trillion retirement accounts, while expectations of four Fed rate cuts by year-end may funnel fresh capital into risk assets. The August inflation prints remain a near-term volatility risk.

Technical analysis reveals SOL trading along the support trendline of a 3-year ascending channel, with the $280 level serving as the breakout pivot. Momentum indicators have turned bullish for the first time since July, suggesting growing potential for a decisive upward move.

CEA Industries Makes $160M BNB Bet Through Treasury Arm

CEA Industries Inc., a Colorado-based nicotine company, has positioned itself as the largest corporate holder of BNB globally. Its treasury management arm, BNB Network Company (BNC), acquired 200,000 BNB tokens worth approximately $160 million. This MOVE follows a $500 million private placement led by 10X Capital in partnership with YZi Labs, dedicated solely to building BNB holdings as the company's primary reserve asset.

Leadership changes accompany this strategic pivot. David Namdar, co-founder of Galaxy Digital, steps in as CEO, joined by Russell Read, former CIO at CalPERS, and Saad Naja, an ex-Kraken director. 10X Capital's Hans Thomas and Alexander Monje have also joined the board.

BNC highlights BNB's underrepresentation in the US market despite its 250 million users and $9.3 billion average daily trading volume as of July 2025. The firm aims to bridge this gap by bolstering institutional presence within the BNB ecosystem. The NASDAQ-listed company plans to continue its buying spree until the initial capital is fully invested and may raise an additional $750 million through warrant structures, potentially bringing total proceeds to $1.25 billion for further acquisitions.

Chainlink Whales Accumulate LINK as Price Surges 15%, Analysts Predict $95 Rally

Chainlink's LINK token has surged over 15% in the past week, driven by aggressive accumulation from crypto whales. On-chain data reveals multiple seven-figure purchases and strategic withdrawals from exchanges like Binance, signaling strong institutional interest.

One whale moved 510,000 LINK ($11.13M) from Binance to Compound, while two others acquired 59,560 LINK ($1.34M) and 44,846 LINK ($1M) respectively. This activity coincides with Chainlink's launch of its Reserve initiative, which has already accumulated $1M in LINK tokens from enterprise revenue streams.

Analysts now project LINK could surpass its $52.88 all-time high in the next bull cycle, with some targets reaching $95. The whale movements mirror patterns seen before previous parabolic rallies, suggesting growing confidence in Chainlink's ecosystem growth.

World3 AI Airdrop: WAI Token Launches on Binance Alpha Aug 12

Binance Alpha will list World3's WAI token on August 12, offering early trading access to its user base. Participants can redeem Binance Alpha Points for the World3 AI airdrop via the platform's Alpha Events portal at launch.

The move signals Binance's continued support for emerging AI-focused blockchain projects. Market observers note this follows a broader trend of exchanges competing for exclusive token listings amid growing institutional interest in AI-crypto convergence.