Solana News Today: AI Tokens Surge as ChatGPT-5 Looms and Solana Expands Ecosystem

The cryptocurrency market is entering a pivotal week, with multiple high-impact events set to shape investor sentiment and token performance. Among the key developments is the expected release of ChatGPT-5 in early August, which has already sparked interest in AI-related tokens and decentralized computing projects. Traders are closely monitoring these assets, anticipating potential volatility and speculative activity following the AI milestone [1].

Solana is also in the spotlight with the scheduled launch of its second Web3-ready smartphone, Seeker, on August 4. The device is seen as a strategic move to expand Solana’s on-chain ecosystem and drive greater adoption of decentralized applications (dApps). This development could attract new users and enhance network activity, particularly for projects built on the Solana chain [1].

Token unlocks are another major concern. A $99 million unlock of Ethena (ENA) is set for August 5, which may trigger short-term selling pressure. In response, the project has announced a $260 million buyback initiative to stabilize the token’s price. ENA is currently trading near $0.60, with analysts forecasting a potential rise to between $0.85 and $1.00 in the short term [4]. Similarly, SUI is preparing for a $240 million token unlock, which could add volatility despite its strong trading volume and stablecoin activity [4].

Governance developments are also on the agenda. Sonic (S) will hold a major corporate expansion vote, which could accelerate institutional adoption. Silo Finance is launching auto-leverage tools, aiming to improve user engagement and attract more attention to its platform. These initiatives highlight the ongoing efforts to enhance scalability and usability in the DeFi space [1].

On the macroeconomic front, traders are watching U.S. tariff hikes scheduled for August 7. These measures could influence global market sentiment and affect risk assets like Bitcoin. The crypto market is currently valued at $3.92 trillion, with altcoins outperforming Bitcoin relative to its dominance. Over $635 million in liquidations occurred last week, reflecting increased caution among traders [4].

New projects are also generating buzz, particularly Portal to Bitcoin (PTB), which is set to introduce its native token later this month. These developments are attracting attention as investors seek fresh narratives in the second half of the year [1].

Source:

[1] CaptainAltcoin - [https://captainaltcoin.com/top-crypto-events-to-watch-this-week-solana-ena-and-ai-tokens-in-focus/](https://captainaltcoin.com/top-crypto-events-to-watch-this-week-solana-ena-and-ai-tokens-in-focus/)

[4] CryptoBrowser.io - [https://cryptobrowser.io/news/top-bullish-cryptos-to-buy-now-with-explosive-growth-potential-blockdag-sei-ethena-and-sui/](https://cryptobrowser.io/news/top-bullish-cryptos-to-buy-now-with-explosive-growth-potential-blockdag-sei-ethena-and-sui/)