Three crypto behemoths are currently discussing with potential investors to raise a whopping $1 billion for the creation of a Solana treasury.
Bloomberg reported the development today, naming Jump Crypto, Galaxy Digital, and Multicoin Capital as companies involved in the deal. Under the deal, the companies plan to raise $1 billion to buy and hold Solana.
The report claimed the companies selected investment bank Cantor Fitzgerald as the lead banker for the deal. According to the sources, the plan involves acquiring an already publicly traded company and transforming it into a digital asset treasury company.
The restructured treasury company will primarily focus on accumulating and holding Solana, with a target investment of $1 billion. The sources claimed that the Solana Foundation has endorsed the deal, which is expected to close by early September 2025.
In the meantime, none of the involved parties has confirmed the authenticity of the report. It is worth noting that Jump Crypto, Galaxy Digital, and Multicoin Capital have previously been linked to Solana-related investments.
In particular, following the collapse of the FTX exchange, Galaxy raised over $600 million to purchase SOL tokens from the FTX bankruptcy estate.
Largest Solana Treasury Ever
Despite no official confirmation from Galaxy, Multicoin, or Jump, the deal could give birth to the biggest Solana-focused treasury ever.
The $1 billion Solana treasury proposal is more than twice the size of Upexi Inc.’s Solana treasury, which is worth around $415 million at the time of publication. It also exceeds BIT Mining’s $300 million Solana treasury initiative unveiled last month.
SOL Remains Stagnant
In the meantime, the report has not had an immediate impact on Solana’s price. Amid a broader market downturn, the sixth-biggest cryptocurrency by market price is down 3.74% over the past 24 hours to $200.09.
Meanwhile, SOL maintains a double-digit gain of 10.47% over the past week and a monthly upsurge of 6.6%.
While firms are interested in building Solana-focused treasuries, the token could also feature in the United States’ digital asset stockpile. President Donald Trump has already signed an executive order for a crypto stockpile with backing for SOL’s inclusion in it.
Prominent analyst Dan Gambardello says Cardano is showing price action similar to the 2021 cycle, even as Ethereum reaches new records.
The analyst, in a video shared on X, compared Cardano’s current distance from its record high to the levels seen when Ethereum first broke its all-time high in 2021.
At that time, Ethereum started seeing new all-time highs in January 2021 while Cardano traded for around $0.38, which was 240% below previous all-time high of $1.398 from 2018. Interestingly, after this, ADA spiked 751% to the new all-time high of $3.1 by September 2021.
Now, in the current cycle, Ethereum has again started breaking its previous all-time high, recently reaching $4,946, and Cardano trades 249% below its previous high of $3.10 attained in 2021. Gambardello said the resemblance pinpoints ADA’s lag is not unusual and may set the stage for a future rally. Specifically,
Technical Outlook for Cardano
From a technical standpoint, Gambardello said Cardano is forming an inverse head-and-shoulders pattern, often viewed as a bullish setup. A breakout above the neckline near $1.20 could send ADA toward $2.00, with potential to retest its all-time high if momentum continues.
Cardanos market structure
Notably, Cardano is trading at $0.8831, a 2.5% drop in the past day. With a 3.9% decline over the last week, Cardano’s monthly gain has been cut short to 7.1%.
Beyond that, the Cardano permabull also noted that ADA is moving within a broadening wedge, characterized by higher highs and higher lows. He said this setup supports the potential for accelerated gains if Cardano clears resistance. A successful breakout could bring it closer to retesting its all-time high.
Despite this recent drop, the analyst also noted that Cardano has already gained more than 300% from its bear market lows and at one point surged nearly 500%, though its pace of growth has been slower compared with Ethereum.
How High Will Cardano Surge?
Meanwhile, in a separate analysis, crypto analyst Alex Clay also said Cardano is mirroring its 2019–2021 cycle and is now in a “re-accumulation” phase that could precede a breakout. The chart he shared places ADA below its macro mid-zone at $1.00–$1.20, with resistance at the $2–$3 supply zone, a level that capped its rally in the previous cycle.
ADA to $5
In 2020, ADA climbed from under $0.10 to nearly $3, and Clay suggests a similar path could now take the token above $5, representing more than a 450% gain from current prices. The setup follows a three-step playbook: accumulation, re-accumulation, and rally, which the analyst says is “very real” if ADA can clear its mid-zone resistance.
Similarly, Dan Gambardello had earlier predicted ADA to face resistance at $1.03 but expects a rebound could push the price to $1.25 and even $2. In a more bullish prediction, he sees Cardano reaching $10.02 if it breaks the $1.25 bull market door, a 1,079% jump from current levels. However, he sees $7.5 as a more realistic target for this cycle, expected within 3–6 months after Bitcoin peaks, citing Zero AI’s analysis.
Broader Market Trend
Aside from Cardano, the analyst also discussed the broader crypto market in his latest analysis. Gambardello pointed to familiar market dynamics last seen in 2021. He noted that Ethereum’s current brief pullback resembles patterns that often precede wider rallies but stressed that the bigger signal lies in Bitcoin dominance.
With the metric nearing a close below its 20-month moving average, a setup that last triggered a strong altcoin rally, Gambardello suggested that Cardano could be among the key beneficiaries if history repeats.
Bitcoin suffered a sudden flash crash on Sunday night, losing over 3% within minutes. The selloff was triggered by a single whale who unloaded 24,000 BTC and redirected billions into Ethereum.
The global cryptocurrency market turned red overnight as Bitcoin slid from $114,790 to $110,680 in a matter of minutes. The move represented a sharp 3.58% decline within 15 minutes, catching traders off guard.
By Monday morning, panic spread across investor circles, with many searching for the reason behind the flash crash.
Bitcoin Whale Activity Behind the Selloff
Analysts soon identified a single Bitcoin whale as the primary driver. On-chain records revealed that this investor sold 24,000 BTC, valued at $2.7 billion, including coins that had not moved in over five years. On Sunday alone, over 12,000 BTC were sent to the Hyperunite trading platform.
The movement of long-dormant coins rattled traders, who often view such activity as a negative signal. As these coins hit exchanges, selling pressure mounted quickly. The timing amplified the damage: the sale happened during thin weekend trading, when market liquidity was weaker than usual.
Within minutes, order books across major exchanges showed heavy slippage, pushing Bitcoin’s price sharply lower. While the selloff stemmed from a single entity, its sheer scale underscored how concentrated holdings can still drive global market direction.
Massive Shift Toward Ethereum
The whale’s activity was not limited to offloading Bitcoin. On-chain trackers show that the whale quickly rotated the funds into Ethereum. Reports indicate that roughly $2 billion worth of ETH was purchased, while another $1.3 billion was locked into staking contracts soon after.
Despite offloading thousands of Bitcoin, the whale still controls 152,874 BTC, a holding valued at more than $17 billion at current prices.
JUST IN: #Bitcoin flash crash today, which wiped out $310M in long positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH.
The whale sold 24,000+ BTC, including coins that hadn’t moved in 5+ years, sending 12,000+ #BTC today alone to the Hyperunite trading… pic.twitter.com/h5jEt92Sys
The whale-driven turmoil unfolded just as Ethereum set a new all-time high of $4,953. The milestone briefly fueled excitement across the crypto community, with ETH nearing the symbolic $5,000 mark for the first time.
Yet the celebration was short-lived. Panic rippled through the market after Bitcoin’s flash crash, and Ethereum quickly lost its footing.
Within hours, the price retreated 6.56% to $4,646, wiping away much of the fresh record. The sudden reversal highlighted how tightly linked Ethereum’s momentum remains to Bitcoin’s stability.
Even so, Ethereum continues to outperform on a weekly scale, standing about 9% higher over the past seven days.
Liquidations Wipe Out Thousands of Traders
The turbulence had a severe ripple effect across the crypto derivatives market. According to liquidation trackers, the sudden price swings erased $660 million in positions. In total, 141,308 traders were liquidated within hours of the event.
Bitcoin long positions faced the heaviest losses, with $236.4 million wiped out, while Ethereum longs lost $215.4 million. Smaller altcoins also saw liquidations, though to a lesser degree.
The bulk of the liquidations came from overleveraged long positions. Many traders had bet heavily on further gains. When prices fell sharply, stop-losses and forced liquidations cascaded across multiple exchanges, deepening the selloff.
As of publication, Bitcoin recovered slightly to $111,948, still 2.57% lower over the past 24 hours. As of press time, Ethereum is trading at $4,628, down 3.13% over the past 24 hours.
With XRP overtaking BlackRock in the global assets ranking, Zach Rector voiced a firm conviction that the world’s largest asset manager will eventually launch an XRP ETF.
XRP registered a significant rally over the weekend, which saw it overtake BlackRock in the global asset ranking. The cryptocurrency reached a 7-day high of $3.12 yesterday, translating to a market cap of $185.18 billion.
XRP Enters Top 100 Global Assets Ranking
This performance catapulted XRP into the top 100 global assets by market cap, while surpassing BlackRock along the way. Despite recording a slight correction to $2.98, XRP continues to rank ahead of BlackRock and remains among the world’s top 100 assets.
XRP ranks among the top 100 largest assets globally
At the current price of $2.98, XRP has a valuation of roughly $178 billion. However, BlackRock, whose stock trades at $1,148 at the time of publication, boasts a market cap of $177.8 billion.
“BlackRock Will Launch XRP ETF”
As expected, XRP’s community members have been celebrating the latest milestone, with some making bold predictions about the cryptocurrency. One of these forecasts came from popular community figure Zach Rector.
He suggested that it could be an awkward moment for the BlackRock team members to watch as XRP’s market cap surpasses that of the firm. Consequently, Rector predicted that BlackRock, which currently offers Bitcoin and Ethereum ETFs, will definitely file and launch a similar product for XRP.
The reasoning is that with XRP’s soaring valuations in the global asset ranking, the world’s largest asset manager may see value in the cryptocurrency.
Rector also issued another bold forecast, speculating that the potential BlackRock XRP ETF will outperform the company’s Ethereum exchange-traded fund (ETHA). At press time, ETHA boasts a total inflow of $12.15 billion, positioning it as the best-performing spot Ethereum ETF globally.
No Immediate Plans for XRP ETF
Despite Rector’s bold prediction, BlackRock has continued to dismiss any immediate plans to roll out a spot ETF tied to XRP. The company has yet to show interest in XRP even though several asset managers are vying to launch spot XRP ETFs in the United States.
However, many expect the company to change its stance following the conclusion of the Ripple lawsuit, which removed the regulatory tension surrounding the token.
Meanwhile, Nate Geraci of NovaDius Wealth Management warned that BlackRock risks losing its dominance in the crypto ETF market if it delays filing for an XRP ETF.
Cardano community commentator “Big Pey” has cautioned that millions of users across major blockchains, including XRP and Bitcoin, could be missing out on billions of dollars in free tokens.
The warning comes amid unclaimed tokens in the Midnight Glacier Drop airdrop, which is now in its final 40 days.
Big Pey noted that Cardano, Bitcoin, Solana, XRP, Ethereum, BNB, Avalanche, and Brave browser users are eligible for the ongoing NIGHT airdrop. However, many have yet to claim their tokens.
According to him, missing out would mean leaving “billions of dollars on the table” as the airdrop progresses. He also praised the project’s tokenomics, describing them as “genius.”
Notably, the ongoing Glacier Drop is one of the largest token distributions in crypto history. Specifically, more than 33.6 million addresses across eight blockchains are eligible to participate.
Glacier Drop Claim Mechanics
The claim portal (https://claim.midnight.gd/) was launched earlier this month by the Midnight team. It allows users to secure their tokens in four steps.
First, the users must connect their eligible wallets, referred to as “origin addresses.” These wallets must have held at least $100 in a native blockchain address at the time of the snapshot.
Participants will provide a Cardano address to receive NIGHT tokens. They then accept the terms and conditions and sign the transaction to complete the process.
The current claim window, known as the Glacier Drop, runs for 60 days. With 40 days remaining (until October 4), the distribution will enter its next phase, the Scavenger Mine.
Here, users can earn additional unclaimed tokens through computational tasks. A final Lost-and-Found phase will follow before any remaining tokens are transferred to the Midnight treasury.
Cardano Holds the Lion’s Share
While the distribution is spread across multiple blockchains, Cardano wallets will benefit the most. ADA holders are allocated 50% of NIGHT’s total supply (12 billion tokens) for about 1.07 million wallets.
Bitcoin wallets will receive 20% (4.8 billion tokens), with at least 17 million addresses eligible. The remaining 30% (7.2 billion tokens) is shared among XRP (2.2 million holders), Ethereum (7.86 million wallets), Solana (3.465 million addresses), BNB (1.21 million holders), Avalanche (227K holders), and Basic Attention Token (24,605 users).
Breakdown of Claimed Tokens
According to statistics shared by Cardano founder Charles Hoskinson on August 19, just over 69,000 wallets have claimed their NIGHT tokens, with over 1.3 billion tokens claimed so far.
By network, the biggest participants have been Cardano holders with 61.3% of claims. Next was Bitcoin, with 19.4%, and Ethereum wallets claimed 9% of their allocation. Meanwhile, XRP claimed 5.7%, and others accounted for just 4.64%.
NIGHT token claim statistics by Cardano Charles Hoskinson
In a live session on Friday, Hoskinson noted that claims had improved to over 70,000 wallets with over 1.6 billion NIGHT tokens claimed.
With billions of dollars’ worth of tokens still unclaimed, users across all eight chains have only weeks left to secure their share before the next phase begins.
Crypto analyst Ash Crypto suggests the altcoin season could be on the horizon as Bitcoin dominance breaks below a multi-year rising trendline.
In a post on X, the analyst noted that the altcoins season is underway as Bitcoin dominance has fallen after breaking a two-year and eight-month trendline.
The metric, which tracks Bitcoin’s share of the total cryptocurrency market capitalization, declined to 57.60% this week. This indicates that Bitcoin has lost 4.13% of its market share this month, as its dominance stood at 61.72% at the start of August. Also, at a further drop to 57.2%, Bitcoin dominance has now seen a 3.29% decline in the past day.
Bitcoin dominance drops
Notably, the monthly dominance chart shows a clear break from the upward trajectory that began in mid-2022, with the latest red candle pointing to a 6.69% decline in the past month.
With this drop, Ash Crypto noted that the break in Bitcoin dominance could trigger what he calls a true altcoin season. Adding to this sentiment, Ethereum’s dominance has seen a 2.8% increase in the past day, accounting for 14.5% of the crypto market. Similarly, other cryptocurrencies managed a paltry 0.4% uptick in the past day, currently at 28.3%.
Similar to the Bitcoin dominance chart, Bitcoin’s price has seen a continuous drop in the past month. Currently, it trades at $112,505, making it a 4.3% loss in the past month. This loss is further intensified by the 2.2% loss recorded in the past day.
Meanwhile, earlier analysis had pointed to the recent drop in Bitcoin Dominance. For instance, last month, analyst Michaël Van de Poppe identified a bearish divergence on Bitcoin dominance, noting its reversal from the 66% peak in June. He said the broader trend now favors altcoins, though Bitcoin could see brief periods of strength.
Adding to this, Ito Shimotsuma recently projected Bitcoin dominance to drop below 50%, saying the chart shows one of the weakest setups in the market, which he views as a positive signal for altcoins.
Bitcoin dominance drops
Meanwhile, in May, Raoul Pal also added that Bitcoin dominance may have topped after rising since December 2024, with DeMark indicators signaling possible trend exhaustion.
Analysts Expect Alt season Soon
In a broader market context, data from CoinGecko shows that the total market cap of altcoins has grown steadily over the past month. The value increased from about $1.4 trillion at the end of July to nearly $1.8 trillion in recent times, indicating consistent upward movement in the altcoin market.
Notably, Crypto analyst Chiefy forecasted that Bitcoin’s dominance cycle is about to shift, with the current Bitcoin Season projected to end in August 2025. Historical market patterns show a recurring trend: Bitcoin’s dominance peaked above 68% in early 2017. It fell during the subsequent Altcoin Season, dropping again from around 71% in early 2021 as altcoins rallied, and most recently retraced from 66% in mid-2025.
Altcoin seasons
Meanwhile, Crypto Goos noted that the Altcoin Season Index has reached 71, moving close to the 75 mark that signals an official altcoin season. The chart shows the index spiked above 90 in late 2024 but fell during the Bitcoin season by March 2025, and then steadily recovered from May to August, with the latest reading suggesting altcoins are set to gain momentum over Bitcoin.
Altcoin season index
Similarly, CryptoQuant analyst Axel Adler had earlier said the market may be nearing an altcoin season, pointing to shrinking altcoin balances on exchanges. He noted that average monthly flows have dropped to $1.6 billion, below the $2.5 billion yearly average, a sign of investor accumulation that has historically preceded altcoin rallies.
Amid the ongoing XRP struggles, a market analyst has identified a level that could create serious downside risk if the altcoin fails to hold it as support.
Notably, while Ethereum (ETH) has spiked 9.36% over the past week, with BNB rising 4.73% and Solana (SOL) surging 11.61% within the same period, XRP is only up 0.08%, mirroring the struggles faced uniquely by Bitcoin (BTC), which has since dropped to the $112,000 price region.
With XRP now battling the bears at $3, a market analyst who adopts the Joe Swanson persona from “Family Guy” has suggested that it might still be sitting in a comfortable position. However, he believes XRP could just as easily lose this position if it slumps below the $2.8 pivotal support level.
XRP 12h Chart | Joe Swanson
According to Swanson’s latest analysis, this $2.8 price region is the “make-or-break” level for XRP. Notably, this indicates that the price mark represents a critical level that could determine whether XRP drops to lower prices or holds firm around the current position.
Specifically, between Tuesday, Aug. 19, and Friday, Aug. 22, XRP repeatedly retested the support at this $2.8 area.However, after the four consecutive days of retest, XRP recovered by a massive 7.81% on Aug. 22, soaring to a peak of $3.1 before witnessing a mild pullback.
Despite Recent Comeback, a Drop Below $2.8 is “Game Over”
Swanson noted that XRP staged an impressive comeback during this run, as the bulls stepped in to support the price action. According to him, XRP now maintains a position above some of its key Exponential Moving Averages (EMAs). Swanson says with this momentum, XRP eyes the $3.1 to $3.5 price level.
However, he insinuated that a drop toward and below the $2.8 price level is still not out of the question. The market analyst warned that if XRP collapses again to the $2.8 support and loses it, it’s “game over.” With XRP now trading for $2.97, a 6% drop from here would push it below $2.8.
Meanwhile, EGRAG Crypto, another market analyst, suggests there could still be hope for XRP if it drops below $2.8 but holds above $2.65. According to a previous analysis, EGRAG noted that XRP’s price movements represent noise until it breaks above $3.65 or slumps below $2.65. In either case, it could push into new regions.
Interestingly, market watcher CryptoInsightUK is especially bullish on XRP despite the struggles. In one of his recent reports, he identified massive liquidity between the $3.1 and $3.7 price levels, which Swanson believes could be the next target if momentum holds. According to CryptoInsightUK, a push to a new all-time high of over $4.2 is coming.
SBI Group has collaborated with Chainlink to advance tokenized assets and stablecoins in Japan, with plans for broader expansion across the Asia-Pacific region.
The Japanese financial conglomerate stated that the collaboration with the blockchain oracle platform Chainlink will promote institutional adoption of digital assets. The initiative begins in Japan, targeting banks and other financial institutions.
Focus on Tokenization and Stablecoins
The partnership will target several use cases for financial institutions. These include tokenized real-world assets such as on-chain bonds and tokenized investment funds with on-chain net asset value (NAV) reporting. They further extend to verification systems for stablecoin reserves.
SBI said that it will leverage several of Chainlink’s core services, including the Cross-Chain Interoperability Protocol (CCIP). It will further rely on SmartData feeds for NAV reporting and Proof of Reserve.
These tools are intended to support secondary market liquidity and enhance the efficiency of tokenized assets. They also help financial institutions meet compliance and privacy requirements.
Both companies also plan to explore blockchain-based solutions for cross-border payments and foreign exchange transactions.
Chainlink co-founder Sergey Nazarov said the collaboration highlights years of joint work with SBI on stablecoin settlement and advanced fund tokenization. He noted that the firms are moving closer to deploying large-scale applications.
SBI Holdings CEO Yoshitaka Kitao emphasized that the deal will enable compliant cross-border transactions using stablecoins, paving the way for wider digital asset adoption in Japan and the region.
Regulatory Context in Japan
The timing of the partnership aligns with growing regulatory support for digital currencies in Japan. The Financial Services Agency (FSA) is expected to approve the country’s first yen-backed stablecoin as early as next month, with fintech firm JPYC preparing to lead its rollout.
SBI Deepens Its Blockchain Commitments
The agreement with Chainlink follows a string of recent crypto partnerships by SBI Group. The company has partnered with Circle Internet Group to promote USDC in Japan. It is also working with Ripple Labs to launch Ripple USD (RLUSD) by fiscal year 2026.
Additionally, SBI has teamed up with Web3 firm Startale to develop a 24/7 on-chain trading platform for tokenized stocks and real-world assets.
Through its partnership with Chainlink, SBI Group reinforces its role as a leader in Japan’s evolving digital finance market. The deal also underscores Japan’s readiness to embrace regulated stablecoins and tokenized assets. This, in turn, could provide a roadmap for adoption across the Asia-Pacific region.
Cardano founder Charles Hoskinson has unveiled several upcoming initiatives aimed at strengthening collaboration with the XRP ecosystem.
The Cardano founder revealed these initiatives during a surprise AMA (Ask Me Anything) session on August 22. During the AMA, he revealed that he attended a roundtable event with key figures from other leading cryptocurrency projects.
Some of the attendees include Ripple CEO Brad Garlinghouse, Solana co-founder Anatoly Yakovenko, Chainlink co-founder Sergey Nazarov, and the founder and CEO of Near Protocol, Ilya Polosukhin.
The recent gathering highlights ongoing efforts to strengthen collaboration across the cryptocurrency industry—a cause Hoskinson has consistently championed since last year.
Notably, Hoskinson revealed that he and Garlinghouse had a ‘great conversation’ about potential partnerships within the XRP ecosystem. He subsequently revealed some initiatives lined up for the XRP ecosystem.
XRP Support Coming to Lace Wallet By Year-End
Hoskinson confirmed that Cardano’s official light wallet, Lace, will support XRP by the end of this year. In April, he first disclosed plans to integrate XRP into Lace, allowing users to store, send, and receive XRP through the blockchain wallet.
However, he did not mention when this support will go live. In his recent AMA, he clarified that the rollout of XRP support on Lace will be completed before the close of 2025.
Joint Cardano and XRP Event
Furthermore, Hoskinson floated the idea of hosting a joint Cardano and XRP event, featuring key community figures like pro-XRP lawyer John Deaton. In response, Deaton said it would be an honor to work with Hoskinson and other prominent figures in the crypto industry.
It would be an honor and pleasure to be present – working together with @IOHK_Charles and other leaders within the crypto ecosystem. https://t.co/HWPHj9ORoH
Hoskinson’s joint event is aimed at strengthening the relationship between the XRP and Cardano communities, which were previously strong adversaries between 2022 and early 2024.
However, Hoskinson ended the feud last year and announced several joint initiatives, like extending Midnight airdrop benefits to XRP holders.
For context, roughly 2.21 million XRP wallets qualify for the Midnight airdrop. Of the total 24 billion NIGHT supply, the Midnight team allocated 2.623 billion tokens to XRP users.
Dedicated XRP Team to Join Midnight Project
Given XRP’s involvement in Midnight, the Cardano founder revealed plans to create a dedicated XRP team within the project, with a potential focus on its commercial aspect.
Meanwhile, Hoskinson claimed over 70,000 users across the eight supported blockchains have claimed roughly 1.6 billion NIGHT tokens in the ongoing Scavenger Mine. However, he did not disclose how many NIGHT tokens XRP community members have claimed so far.
Hyperliquid has shocked the market with a 400% rally in just 137 days, showing how quickly capital can rotate into breakout altcoins. As traders look for the next opportunity, analysts are turning their attention to Unich ($UN), a Solana-based OTC exchange already surpassing $1.3B in trading volume.
400% In 137 Days: The Forces Driving Hyperliquid’s Rally
Hyperliquid (HYPE) surged 431% from $9.37 to $49.82 in just 98 days, becoming one of the standout performers of 2025. Its rise was built on strong fundamentals, with a purpose-built Layer-1 blockchain and the first fully on-chain central limit order book capable of processing over 200,000 transactions per second with sub-second finality. This gave traders a CEX-level experience with full transparency and self-custody.
The results were clear in adoption. Monthly trading volume climbed to $319 billion, giving Hyperliquid 80% of the DeFi derivatives market and $86.6 million in revenue for July, surpassing even Ethereum and Solana. Its tokenomics reinforced growth, with 70% of supply distributed to the community and 97% of trading fees used for buybacks, creating sustained demand and scarcity.
Technically, HYPE broke key resistance levels, with 24-hour volumes exceeding $400 million and whale activity ramping up alongside integrations that boosted liquidity and user adoption. The platform’s ability to handle massive scale without congestion positioned it as a leader in perpetuals, much like how Solana projects have capitalized on network efficiency.
Hyperliquid’s rise was fueled by a game-changing breakthrough that brought CEX-level speed to a fully on-chain order book. Unich ($UN) is carving out a similar path on Solana with the first smart-contract-powered Pre-Market exchange, where every pre-TGE trade is locked in transparently on-chain. The project is beginning to show the same early signals of strength before it breakout.
Unich Generates 20 Million Dollars In Six Months And Gains Momentum
With Hyperliquid setting new standards in perp trading, investors are also looking at Solana projects that combine innovation with credibility. Unich OTC has already completed a full audit by Softstack, giving traders confidence in the platform’s smart-contract security and reinforcing its position as a trusted venue for pre-launch token markets.
Traditional OTC trades often rely on trust via Telegram chats or screenshots, leaving participants vulnerable to scams and defaults. Unich flips this script with its smart-contract-based Pre-Market exchange, ensuring every transaction is collateral-backed and enforceable, providing a transparent shield for buyers and sellers before token generation events (TGE).
In just six months since mainnet launch, Unich has processed more than 1.2 billion dollars in volume, attracted 5M+ users across nearly 200 countries, and generated 20 million dollars in revenue from over a million transactions.
More than 60 tokens are already live on the platform, and the exchange has secured two million dollars in angel funding to strengthen infrastructure and expand globally. Built on Solana, Unich enjoys low fees and fast settlement, making it efficient for high-frequency pre-TGE trading.
Next Gen Pre-Market Hub for Web3 🪐
A convergence of innovative trading models – where people around the world can trade Pre TGE projects.
To expand its infrastructure, scale new products, and grow the exchange globally, Unich recently launched its public token sale. Momentum around the Unich IDO is also being fueled by its strong community engagement.
The project has gained significant visibility in Asia, particularly in Korea, where well-known KOLs and trading communities have begun highlighting Unich as one of Solana’s most promising early-stage plays. This wave of grassroots support is helping the token sale attract global attention and build credibility beyond its core user base.
Just as Hyperliquid’s 400% run spotlighted perp innovation, Unich’s Pre-Market model is positioning it for similar explosive growth on Solana. With its Pre-Market model, growing volume, and solid visions for future growth, Unich IDO is quickly emerging as one of the most promising opportunities on Solana.
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