Solana News Today: BNB and SOL Rise on Institutional Inflows and Ecosystem Growth

BNB and Solana (SOL) continue to attract attention as top-performing cryptocurrencies, supported by robust ecosystems and growing institutional interest. Binance Coin (BNB) recently reached a high of $809 on July 23 before retreating slightly to the $781–782 range. Institutional inflows exceeding $610 million from firms such as Windtree Capital and Nano Labs contributed to the nearly 19% increase from early July levels. Daily trading volumes remain strong, hovering around $1.8–1.9 billion, while the market cap remains near $108.8 billion. Analysts are watching whether BNB can break through the key resistance level at $809 and potentially move toward the $1,000 target [1].

Solana (SOL) is also showing positive momentum, trading around $186–190 after briefly touching $200–205. Analysts have identified near-term support at $170–175 and resistance at $190–195, with some forecasting a move toward $225–240 if the current upward trend holds. Institutional accumulation, particularly from entities like Upexi, which holds over 1.8 million SOL, has added further fuel to bullish sentiment. With expanding DeFi and real-world asset integrations, SOL is increasingly being discussed among traders eyeing higher price targets. Long-term projections range from $400–700 by the end of 2024 and speculative forecasts as high as $6,300, based on extended chart patterns. Network upgrades such as the Firedancer client are also strengthening SOL’s fundamentals [2].

While BNB and SOL dominate market headlines, Cold Wallet is gaining traction as a unique player in the crypto space. Its native token, CWT, is priced at $0.00924—far below its $0.35171 launch price and a fraction of its projected $2+ growth ceiling. Cold Wallet’s token model introduces a novel value proposition, offering cashback on gas, swaps, and on/off-ramp transactions. The tier system—ranging from Bronze to Diamond—automatically boosts rewards as users accumulate more CWT. Referral bonuses further enhance user engagement. This model positions CWT as a utility token that actively returns value to users, rather than simply charging fees. The token’s presale is structured across 150 stages, starting at a low price and increasing incrementally, offering early buyers a significant discount [3].

Cold Wallet’s live operations and clear utility make it stand out in a market often driven by speculation. At $0.00924, CWT presents an opportunity for early movers who recognize the value of a working product with a transparent growth trajectory. Unlike many tokens that remain in the conceptual phase, Cold Wallet is already delivering on its promises, with cashback rewards and tier upgrades in active use. As the crypto space continues to evolve, projects that prioritize user value and real-world utility are likely to gain lasting traction [4].

Source: [1] Binance Coin Price Jump – https://coinmarketcap.com/community/articles/688a42a6ce221f73e352095d/