Solana News Today: Institutional Moves and Miners Shape Crypto’s New Power Struggle

Solana (SOL) has been drawing attention amid a mixed market environment, with recent price data showing a modest uptick. As of August 27, 2025, the token traded at $202.05, marking a 7% increase over the previous 24-hour period and a 12% rise from a week ago. Despite these gains, the token still trades 31% below its all-time high of $294.85. The platform's market capitalization stands at $109.3 billion, with a fully diluted valuation of $123 billion. Over the past 24 hours, there were 26,787 buyers and 10,378 sellers, and the token was searched 18,759 times on trading platforms. Analysts have noted that institutional interest in Solana has increased, with Pantera Capital seeking to raise $1.25 billion for a Solana treasury firm and Sharps Technology committing $400 million to a digital asset treasury. These developments have sparked speculation about the potential for Solana to reach $300 in the future, though technical resistance near $245 and bearish funding rates for derivatives suggest caution is warranted.

The BONK token, a Solana-based meme coin, has faced a more challenging period. In the last month, its price has fallen by 41.54%, and as of August 26, it was trading at $0.000020, down 3.49% in a single day. Analysts forecast further declines, with some models predicting a 23.24% drop to $0.000015 within five days. BONK has struggled to break above key resistance levels such as $0.000023, and its price remains below the 50-day, 100-day, and 200-day exponential moving averages. The token’s open interest in derivatives has also fallen significantly from a peak of $73 million in July to around $28 million, indicating weak market sentiment and risk-averse behavior among traders. The funding rate for BONK futures has dropped to 0.0018%, further reinforcing bearish signals. Analysts warn that without a clear roadmap or utility-driven growth, BONK may continue to underperform, with its current price levels lacking the support needed to sustain a rebound.

Amid these market dynamics, BlockDAG (BDAG) has emerged as an intriguing alternative with a strong presale performance and expanding infrastructure. The project has raised $382.5 million in its presale, selling 25.4 billion tokens across 29 batches. With 19,400 miners already distributed globally, BlockDAG has positioned itself as one of the most decentralized layer-1 projects at launch. The miner ecosystem includes entry-level options like the X10 and mid-tier models such as the X30, catering to both casual and professional users. The X100 miner, designed for large-scale operations, adds further depth to the project’s hardware strategy. This decentralized mining approach not only supports network security but also ensures broad participation from day one. In addition to its hardware strategy, BlockDAG has attracted over 2.5 million mobile miners through the X1 app, which allows users to mine BDAG using smartphones. The project’s hybrid DAG-PoW architecture enables high throughput and low latency while maintaining security, making it a compelling option for developers and users seeking scalability without compromising decentralization.

The growing ecosystem of over 300 decentralized applications (dApps) from 4,500 developers further strengthens BlockDAG’s position. These dApps are set to launch with the mainnet, providing immediate utility and driving organic adoption. The project’s presale price of $0.0276 in batch 29 represents a potential 81% gain if the token lists at $0.05. Long-term projections suggest the token could reach $1 by 2027 and $5 by 2030, based on its expanding user base and strategic partnerships. BlockDAG has also made significant strides in real-world adoption through sports sponsorships, including deals with Inter Milan, rugby, and cricket leagues. An upcoming U.S. sponsorship deal is expected to amplify the project’s visibility, helping to build brand recognition among casual audiences. This strategy of integrating digital assets into traditional media and entertainment channels may provide BlockDAG with a competitive edge as it transitions to public trading.

As the market continues to evolve, the contrast between Solana, BONK, and BlockDAG highlights the importance of fundamentals and long-term vision in the crypto space. While Solana’s institutional traction and technical upgrades keep it in the spotlight, its path to $300 remains uncertain due to market volatility and resistance levels. BONK, on the other hand, faces challenges stemming from its reliance on speculative demand and lack of utility. BlockDAG’s combination of decentralized infrastructure, real-world partnerships, and growing developer activity positions it as a strong contender for long-term growth. For investors and analysts, the coming months will likely reveal whether these projects can maintain their momentum in a rapidly shifting market environment.

Source:

[1] title1 (https://crypto-economy.com/blockdag-sells-19400-miners-before-launch-heres-why-experts-are-watching-closely/)

[2] title2 (https://www.coinbase.com/price/solana)

[3] title3 (https://www.fool.com/investing/2025/08/24/1-brand-new-catalyst-for-solana-that-could-portend/)

[4] title4 (https://www.fxstreet.com/cryptocurrencies/news/bonk-price-forecast-bonk-extends-fragile-technical-outlook-202508261210)

[5] title5 (https://coincodex.com/article/72088/bonk-token-prediction-august-26-2025/)

[6] title6 (https://www.tekedia.com/bonk-down-15-sol-aims-for-300-blockdags-382-5m-presale-signals-5-future/?srsltid=AfmBOoq1NbHU1k3dOa6XcmAT9ITuiCAu1hn9K8TXYGQeBzOJvaZENUtm)