Kraken Observes Solana’s Bullish Surge as SOL Eyes $200 Breakout

Solana (SOL) has experienced a significant 10% price surge, breaking through key resistance levels and trading above $192. With strong support at $175 and bullish momentum building, analysts are now targeting a decisive close above $205 for further gains. This rally aligns with broader market trends seen in Bitcoin and Ethereum, positioning SOL as a standout performer in the current crypto landscape.

Solana (SOL) Jumps 10%, Bulls Target $200 Breakout

Solana's SOL surged nearly 10% after finding strong support at $175, mirroring gains in Bitcoin and Ethereum. The rally breached multiple resistance levels, including a bearish trendline at $178, with the cryptocurrency now trading above $192 and its 100-hour moving average.

Technical indicators suggest growing bullish momentum as SOL tests the $200 resistance zone. A decisive close above $205 could trigger another leg up, potentially establishing new yearly highs. The SOL/USD pair's hourly chart shows consolidation above the 23.6% Fibonacci retracement level of its recent upswing from $173 to $199.

ALT5 Sigma Secures $1.5 Billion to Bolster WLFI Token Strategy

ALT5 Sigma has finalized a $1.5 billion dual offering, combining a registered direct sale of 100 million common shares with a private placement of another 100 million shares, each priced at $7.50. The proceeds will anchor the firm's treasury strategy, with 7.5% allocated to WLFI token holdings—a move signaling deeper crypto integration into institutional frameworks.

World Liberty Financial, the Trump-aligned DeFi entity, led the private placement, while A.G.P./Alliance Global Partners orchestrated the deal. Kraken steps in as asset manager, underscoring the growing symbiosis between traditional finance and digital assets. Litigation resolution, debt retirement, and operational funding round out the capital deployment plan.

XRP Price Coiling for a Breakout—Will This Spark the Next Surge Higher?

XRP price consolidation below the $3.320 zone signals potential for an upward breakout. The cryptocurrency, trading above $3.220 and the 100-hourly Simple Moving Average, faces immediate resistance NEAR $3.288, marked by a bearish trend line on the hourly chart. A decisive move above $3.30 could propel XRP toward $3.350, with further gains targeting $3.380 or even $3.40.

Market activity mirrors broader trends in bitcoin and Ethereum, with XRP establishing a base above $3.10 before testing higher resistance levels. Despite bearish pressure near $3.30, the 50% Fibonacci retracement level from the recent swing low provides technical support. Kraken data reveals critical thresholds that may determine whether bulls can sustain momentum.

Nasdaq-Listed Verb Raises $558M To Build TON Treasury Company

Verb Technology secured $558 million in an oversubscribed funding round led by Kingsway Capital, with participation from over 110 institutional and crypto investors, including Pantera Capital, Kraken, and BitGo. The company will rebrand as TON Strategy Co. and focus on acquiring and staking Toncoin tokens.

New leadership features TON Foundation President Manuel Stotz as chairman and former Morgan Stanley banker Veronika Kapustina as CEO. The round's strong demand reflects growing institutional interest in gaining exposure to TON through traditional equity structures.

Cohen & Company Capital Markets acted as the sole placement agent, with legal counsel provided by Reed Smith, Perkins Coie, and Morgan Lewis. The restructured entity combines DEEP crypto expertise with traditional finance experience to drive its Toncoin-focused strategy.

Pump.fun Capitalizes on SOL Rally Near $200, Pauses Buybacks

Pump.fun diverted SOL to Kraken during a market surge, depositing 86,254 SOL—its first major transfer since June 10. The meme launchpad paused its PUMP token buyback program to capitalize on SOL's rally toward $200, despite previously committing fee revenue to repurchases. On-chain data reveals 3.93M SOL has been sent to Kraken over time, sold at prices as low as $158.

The platform's intermediary wallet is now empty, though 898K SOL remains in reserve for potential PUMP support or community initiatives. PUMP's price rebounded 9.8% to $0.004 despite the buyback hiatus. Pump.fun allocated 197,739 SOL to repurchases before the pause, while fees surged to $3.27M from recent lows below $500K, driven by increased meme token activity.

Competition among Solana-based meme launchpads intensifies as token deployments spike. The strategic SOL movements underscore the tension between sustaining tokenomics and seizing opportunistic gains in volatile markets.