Coinbase and Squads Protocol Boost Solana’s USDC Adoption with Multisig Integration

Solana (SOL) has surged 5% following a strategic partnership between Coinbase and Squads Protocol aimed at enhancing USDC adoption on the solana blockchain. The collaboration leverages Squads' Multisig platform, which already secures over $1 billion in USDC and processes $5 billion in stablecoin transactions. Shan Aggarwal, Coinbase's Chief Business Officer, expressed enthusiasm for the integration, highlighting its potential to deepen USDC's utility within Solana's ecosystem. This development underscores the growing institutional confidence in Solana's infrastructure and its role in the stablecoin economy. Analysts now project SOL could target $225 as bullish momentum builds around the network's scalability and partnerships.

Solana Targets $225 Amid Coinbase-Squads USDC Partnership Boost

Solana (SOL) rallied 5% following Coinbase's collaboration with Squads Protocol to enhance USDC adoption across its blockchain. The partnership leverages Squads' Multisig platform, which already secures over $1 billion in USDC and processes $5 billion in stablecoin transactions.

"We're excited to support Squads as they integrate USDC deeper into Solana's ecosystem," said Shan Aggarwal, Coinbase's Chief Business Officer. The MOVE comes as SOL's MACD indicator crosses above its moving average, signaling potential upside toward $225.

Solana now ranks as the fourth-largest blockchain by stablecoin supply, with institutional adoption accelerating through strategic infrastructure partnerships.

Shiba Inu Whale Dump Sparks Market Speculation Amid Technical Crossroads

A previously bullish shiba inu investor liquidated 202.48 billion SHIB tokens via Coinbase Prime, netting an estimated $200,000 profit. The move comes as SHIB approaches its 200-day exponential moving average—a critical technical level often scrutinized for trend reversals.

Despite the whale's bearish signal, market structure suggests potential upside. SHIB is testing the resistance trendline of a multi-month descending channel, with recent price action favoring breakout scenarios. The divergence between large-scale selling pressure and technical indicators highlights meme coins' volatile nature.