DigitalX Defends Director’s Share Purchases Amid Solana Token Acquisition Controversy

ASX-listed digital asset investment manager DigitalX Limited has denied allegations of breaching internal trading policies after facing scrutiny over director Ieva Guoga's share acquisitions. The ASX raised concerns regarding Guoga's purchase of 3 million shares just before the company's announcement of an $11.6 million Solana token acquisition on May 29, 2025. DigitalX attributed the oversight to technical issues, emphasizing that the transactions were not intended to violate any policies. This development highlights the growing regulatory focus on transparency in the cryptocurrency sector, particularly around high-profile acquisitions like Solana. As the market continues to evolve, such incidents underscore the importance of robust compliance frameworks to maintain investor confidence and market integrity.

DigitalX Denies Policy Breach Over Director’s Share Purchases Amid Solana Acquisition

ASX-listed digital asset investment manager DigitalX Limited has rejected claims of breaching internal trading policies following scrutiny over director Ieva Guoga's share acquisitions. The ASX raised concerns about Guoga's purchase of 3 million shares ahead of the company's $11.6 million solana token acquisition announcement on May 29.

DigitalX attributed the oversight to technical issues, stating Guoga sought approval but couldn't log the trades due to system updates. The company maintains the announcement wasn't price-sensitive. The inquiry also examined transactions involving Antanas 'Tony G' Guoga, Ieva's father and a major shareholder.

The controversy emerges during a leadership transition, with 26-year-old Ieva Guoga joining the board alongside new chairman Leigh Travers in May. The ASX's July 28 query focused on compliance with securities trading policies, to which DigitalX responded that proper authorization was sought but not formally recorded.

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.

Solana's Bullish Signals Emerge as Price Nears $200 Breakout

Solana (SOL) is flashing multiple bullish signals as it approaches the critical $200 resistance level. Analysts point to a confluence of technical factors suggesting potential upside momentum.

Crypto analyst Spartan Trader identifies $125.50 as key support with resistance at $185, noting psychological levels at $150 and $190. The asset currently shows a bearish wedge pattern that has tested support three times and resistance four times, creating what traders call a 'bearish channel'.

Notably, three bullish 4-hour Fair Value Gaps (FVGs) sit below current prices, while only one bearish FVG appears above. The $190 level forms a significant confluence zone where the Golden Pocket meets psychological resistance.

Volume indicators reveal increased activity around the $150-$155 range, aligning with the Point of Control (POC) and a rejection block NEAR the 0.65 Fibonacci level. This technical setup suggests growing institutional interest as SOL tests major resistance.

Solana’s Struggles Intensify as Whales Offload Millions in SOL

Solana faces mounting pressure as large investors accelerate sell-offs. Blockchain analytics firm Lookonchain reports three whale wallets moved 226,000 SOL ($40 million) to exchanges, signaling potential profit-taking or strategic repositioning. CMJiHu deposited $17.45 million worth of SOL, while 5PjMxa sent $15.98 million to Kraken. HiN7sS realized $1.63 million in profits transferring $6.73 million to Binance.

The sell-off pattern persists. Galaxy Digital recently moved $41.12 million in SOL to Binance and Coinbase, following last week's unstaking of $40.7 million worth of tokens. This exodus coincides with waning investor confidence, reflected in the underperformance of the REX Osprey Solana ETF.