Solana’s Bullish Surge: On-Chain Metrics and Developer Activity Signal New Highs

Solana (SOL) has recently surged to its highest price level in over a month, breaking through a critical resistance level NEAR $174. This upward momentum has triggered $15 million in short liquidations, highlighting strong bullish sentiment. Beyond price action, Solana's ecosystem is thriving, with developer activity reaching a two-month peak. Notably, over 53,000 new tokens were launched on the network in a single day, underscoring renewed demand for Solana's infrastructure. This surge in new projects is driving increased gas activity, further solidifying Solana's position as a leading blockchain platform. As on-chain metrics and breakout charts align, SOL is well-positioned to target new highs in the coming weeks.

Solana Price Prediction: On-Chain Metrics and Breakout Charts Align as SOL Targets New Highs

Solana surged to its highest level in over a month, breaking through key resistance near $174 and triggering $15 million in short liquidations. The momentum extends beyond price action, with developer activity hitting a two-month high as over 53,000 new tokens launched on the network in a single day.

This influx of new projects signals renewed demand for Solana's ecosystem, driving gas activity and user engagement. The network's resurgence is further evidenced by the liquidation of over-leveraged short positions as SOL's price ripped through the $150-$160 consolidation zone to tag $176.

Australian Man Attempts Tattoo World Record with Solana's Pump.fun Branding

Zachary Gollan, a 27-year-old Australian, is making headlines with his audacious bid to break the Guinness World Record for most tattoos of the same name. His canvas? His own skin. His chosen motif? Pump.fun—the Solana-based meme coin launchpad. Gollan has already inked the platform's name 415 times and aims to reach 700 during a livestreamed session this Saturday.

The stunt serves a dual purpose: eclipsing the current record of 667 identical tattoos and propelling Gollan's pivot to full-time content creation. He plans to operate a VIRTUAL tattoo studio, leveraging Pump.fun's revenue-sharing model. The Sydney-based removalist turned aspirational livestreamer has submitted his application to Guinness, with plans to shatter five additional tattoo records by year-end.

Solana Price Prediction: A Breakout Above $200 with $350 Target in Sight

Solana's price surged 6.2% in the past 24 hours, accompanied by a trading volume of $9.33 billion—a 46.21% increase—signaling robust bullish momentum. The cryptocurrency is currently trading at $177, marking a 12.72% weekly gain.

Technical analysis reveals a tightening range between $160 and $170, suggesting an imminent breakout toward $200. On-chain metrics and heightened market activity further support this upward trajectory. Analysts project near-term targets of $175 to $188 within 10 days, with long-term forecasts reaching $292 by 2028.

The asset's current consolidation pattern mirrors historical pre-rally behavior, with successful retests of support levels reinforcing bullish sentiment. Market participants anticipate a potential price discovery phase as solana demonstrates strength in base-building after recent corrections.

Former Pump.fun Developer Jailed as Solana Platform Hits $770M Revenue

Jarett Dunn, a former senior developer at Pump.fun, remains incarcerated in London after violating bail conditions related to his $2 million exploit of the Solana-based meme coin launchpad. Despite his guilty plea last year, Dunn now seeks to retract his admission—a MOVE that prompted his legal team to withdraw from the case.

Meanwhile, Pump.fun has surged to become one of crypto's most prolific platforms, generating over $770 million in revenue since its launch 17 months ago. The incident underscores the paradoxical nature of decentralized finance: while vulnerabilities attract bad actors, robust systems can transform breaches into catalysts for growth.

Solana Validators Slow Block Production to Maximize Fees, Impacting Network Speed

Solana's block production has slowed significantly over the past month due to validators deliberately delaying transaction processing to maximize fee revenue. Median block times have spiked despite the network's target of 400ms, with epoch lengths reaching unusual highs in June according to Kamino data.

The slowdown stems from validators strategically waiting to pack blocks with transactions. Leaders who collect fees for block creation now prioritize processing 500ms worth of transactions rather than 300ms, creating more fee opportunities but undermining Solana's high-speed aspirations. Major ecosystem players including Anza, Jito and Marinade are reportedly evaluating solutions to this economic incentive problem.

This behavior directly contradicts Solana's positioning as a Nasdaq-speed blockchain. The extended epochs also reduce annual staking reward opportunities, creating secondary network effects. The situation highlights the delicate balance between validator economics and technical performance in proof-of-stake networks.