Solana’s Profit-Taking Pressure Intensifies as NUPL Reaches 5-Month Peak

Solana's recent bullish momentum is encountering significant resistance as profit-taking pressures mount. The Net Unrealized Profit/Loss (NUPL) indicator has surged to its highest level since February 2025, entering the Optimism zone—a historical signal that often precedes market corrections. According to Glassnode analytics, approximately 60% of SOL holders are currently in profitable positions, creating ripe conditions for a potential sell-off. Technical indicators further reinforce this cautious outlook, with the Relative Strength Index (RSI) registering at 72, deep into overbought territory. As of July 2025, this confluence of factors suggests Solana may face near-term volatility despite its strong year-to-date performance. Market participants are closely monitoring whether SOL can sustain its rally or if a corrective phase is imminent given these technically overextended conditions.

Solana Faces Profit-Taking Pressure as NUPL Hits 5-Month High

Solana's recent rally faces a critical test as investor profits reach levels not seen since February. The Net Unrealized Profit/Loss (NUPL) indicator has entered the Optimism zone, historically a precursor to sell-offs. Glassnode data shows nearly 60% of SOL holders are now in profit, creating prime conditions for profit-taking.

Technical indicators flash warning signs. The Relative Strength Index sits at 72, firmly in overbought territory. Previous instances of such conditions have consistently preceded corrections of 15-25%. Market depth analysis reveals thinning buy-side liquidity below $195, leaving the $200 support vulnerable.

The altcoin's 90-day MVRV ratio of 35% suggests substantial unrealized gains. Derivatives markets show growing skepticism, with SOL futures open interest declining 8% despite spot price gains—a classic divergence signaling weakening momentum.

Mercurity Fintech Secures $200M From Solana Ventures For Digital Treasury Initiative

Mercurity Fintech Holding Inc. (Nasdaq: MFH) has secured a $200 million equity line from solana Ventures to launch a Solana-based digital treasury strategy. The initiative will see MFH purchase SOL tokens, generate yield through staking, and operate a validator node on the Solana blockchain. The company also plans to invest in tokenized finance and real-world assets within the Solana ecosystem.

This move positions MFH as a long-term institutional participant in the Solana ecosystem, advancing beyond traditional fintech infrastructure. The strategy embeds the company directly into Solana's high-performance blockchain network, setting a potential template for other publicly traded companies to align with Web3 ecosystems.

Law Firms Expand Pump.Fun Lawsuit to Include Solana Labs, Foundation, and Jito

Wolf Popper and Burwick Law have significantly expanded their legal action against Pump.Fun, now targeting Solana Labs, Solana Foundation, and Jito. The amended complaint names Solana co-founders Anatoly Yakovenko and Raj Gokal, alongside Solana Foundation executives Dan Albert, Lily Liu, and Austin Federa.

The lawsuit alleges multiple violations under the RICO Act, including illegal gambling, wire fraud, intellectual property theft, and unlicensed money transmission. Securities claims and breaches of New York General Business Law sections 349 and 350 are also cited.

Jito leadership faces similar allegations, with COO Brian Smith and CEO Lucas Bruder named as defendants. Pump.Fun founders Dylan Kerler, Noah Bernhard, Hugo Tweedale, and Alon Cohen are also included in the expanded complaint.

Solana Price Prediction: Rare Breakout Pattern Suggests Potential 3000% Rally

Solana (SOL) shows signs of a monumental breakout despite recent volatility. A rare cup-and-handle pattern identified on its 2-month chart—first forming in 2021—points to a potential 30x surge if the $250 resistance is breached. Analyst Trader Tartigrade projects a long-term target between $4,800 and $6,000, fueled by technical structure and pending fundamental catalysts.

The October 10 deadline for a potential spot SOL ETF decision looms as a key inflection point. Approval could unlock institutional demand, complementing current retail-driven momentum. Bloomberg ETF analysts recently raised approval odds for major crypto ETFs to over 90%, signaling growing regulatory acceptance.