Solana Breakout: Alpenglow, $11B Locked & Nasdaq Debut

Published: 2025-09-06 09:08:02 |

Solana developers rolled out the Alpenglow upgrade, cutting block finality to 150–200 ms and boosting Web3 performance. Institutional investor DeFi Development Corp. acquired 196,141 SOL, raising its treasury to 2.03 M SOL (≈ $427 M), all slated for staking. SOL Strategies Inc. secured a Nasdaq Global Select Market listing under ticker STKE on September 9, 2025, while maintaining its Canadian CSE listing; Q2 revenue hit $8.7 M, and it manages 435,000 SOL (≈ $89 M) in assets. Solana’s DeFi ecosystem reached a Total Value Locked of $11.7 B—third after Ethereum and Tron—with over 65 M daily transactions. Security researchers launched SolPhishHunter, detecting 8,000 phishing incidents and $1.1 M in stolen assets, and spurred smart contract audits. On the SOL/USD four-hour chart, a rising wedge pattern signals a potential 38% upside to $282 if the $220 resistance is broken. RSI at 46.6 and a neutral MACD suggest consolidation, with momentum coiled for a decisive move. Traders will watch volume-backed breakouts above key levels for a bullish confirmation.

Bullish

The news is bullish for Solana because the Alpenglow upgrade significantly improves network speed and reliability, a factor that has historically driven price rallies—similar to Ethereum’s merge and subsequent performance gain. Institutional accumulation by DeFi Development Corp., boosting its SOL holdings to over $427 M, and SOL Strategies’ Nasdaq listing increase market confidence and liquidity. The rise to a $11.7 B TVL underscores growing on-chain activity, paralleling periods when DeFi metrics peaked and preceded upward price momentum. Technical indicators also support a bullish view: the rising wedge breakout target of $282 represents a potential 38% gain from current levels, while neutral RSI and coiled MACD suggest momentum is primed for expansion once key resistance at $220 is breached. In the short term, traders are likely to buy into breakout signals, driving volatility and volume. Over the long term, enhanced security measures like SolPhishHunter and expanding institutional participation may sustain investor trust and underpin a stable price uptrend.