Solana

On-chain data show Solana’s 30-day realized profit-to-loss ratio has remained below 1 since mid-November. Liquidity has thinned to levels associated with past bear markets. SOL has recently traded between $128 and $145. Derivatives positioning is elevated, with futures open interest back above $7.2 billion and nearly $500 million in long positions at risk around $129, setting the stage for potential volatility.

U.S. spot Solana ETFs have seen a pullback in accumulation over the past two weeks, according to SoSoValue, even as a $16.5 million daily uptick signals early positioning ahead of key events. Traders are focused on the December Federal Reserve decision, with many markets pricing in a 50 bps rate cut and odds put near 89%. Against that backdrop, the $145 level in SOL is viewed as a key threshold for confirming a potential reversal in price structure.

Invesco Galaxy filed a Form 8-A with the SEC for its QSOL Solana ETF, signaling readiness to list on the Cboe BZX Exchange, according to the filing. The trust was seeded with 4,000 shares worth $100,000. SOL traded near $136 after a >4% daily drop, with analysts tracking a multi-week range between $124 and $145.

In midweek trading, Solana’s recent engagement with the XRP community has raised expectations that an Axelar-powered bridge for XRP and RLUSD could soon go live on the network. Shiba Inu’s 24-hour trading volume has increased by about 33% to roughly $151.12 million alongside a 6% price gain. Meanwhile, SpaceX has moved 1,021 BTC, valued at around $94.48 million, into new wallets without any public comment from Elon Musk.

XRP led weekly digital asset ETP inflows with $245M, compared with Ethereum’s $39.1M and Solana’s $3M. Total ETP inflows reached $716M. XRP’s haul was nearly six times Ethereum’s, signaling a sharp shift in investor demand. The pattern underscores short-term momentum and a preference for liquidity in structured crypto products.

On Tuesday, Solana's official account posted the number "589", reviving long-running XRP meme speculation. Ripple CTO David Schwartz said markets undervalue the company's XRP escrow in light of a $500 million secondary share sale at a $40 billion valuation, according to the article. Andrew Tate reiterated he is "huge on Bitcoin" and questioned why a 10,000 BTC purchase had little visible impact on price.

dYdX is reviewing a proposal to add BONK as an integration partner under its Partner Revenue Share Program, giving BONK 50% of protocol fees from BONK-attributed order flow. The initiative is aimed at Solana retail traders and follows dYdX’s October shift to split fees evenly between staking rewards and buybacks. A governance vote on the proposal is scheduled for December 11, 2025, according to dYdX.

Solana's validator set has fallen from more than 2,500 to around 800 since March 2023, a nearly 68% decline based on community tallies compiled by Criptonoticias. SOL is trading near $133, down 2% on the day, within a range defined by $124 support and $145 resistance as analysts debate decentralization, operating costs, and stake concentration.

On December 8, dYdX governance began reviewing a proposal to add BONK as an integration partner under its Partner Revenue Share Program, according to dYdX. The plan calls for a BONK-branded frontend that routes orders to the dYdX Chain and allocates 50% of protocol fees to attributed flow, with a vote scheduled for Thursday, December 11, 2025. The exchange has also advanced similar proposals from CCXT, Foxify and CoinRoutes.

Solana rebounded from recent weakness, holding above the $130 support and gaining nearly 5% over the past 24 hours as trading volume climbed to about $5 billion. Analysts say a potential cup-and-handle is forming on the weekly chart, while SOL continues to trade within a $124–$145 range. Key resistance is seen around $150–$156, with derivatives open interest remaining above $7 billion.