Solana News Today: Solana Eyes $330 as Stellar Dips 20% Amid Mixed Crypto Trends

The cryptocurrency market is showing mixed signals, with Solana (SOL) and Stellar (XLM) drawing particular attention for their potential price movements. Solana remains above the $177 level, with analysts noting the formation of a cup-and-handle pattern that could drive the price toward $330 if it maintains its current support. On-chain activity, including a recent $16.7 million purchase by the Upexi Treasury, underscores growing institutional interest in the token [1]. Meanwhile, Stellar has seen a 20% decline to $0.40, but recent data suggests a potential reversal. A doji candle and rising on-chain transactions—up 22% in a week—indicate a possible turnaround. If the uptrend continues, XLM could climb to $0.52, a level not seen since earlier in the year [1].

Amid these price developments, some investors are exploring alternative ways to grow their crypto holdings. Spartans, a crypto betting platform, offers a 300% welcome bonus on a minimum $5 deposit, unlocking up to $200 in potential rewards. The platform also provides daily reload bonuses of 25%, supporting frequent users with consistent value. Accepting major cryptocurrencies like BTC, ETH, and USDT, Spartans emphasizes fast, secure, and private transactions, aligning with the demand for streamlined crypto-based betting experiences. The site features over 5,963 games from 43+ studios, along with live betting and crash options, making it a competitive option for crypto gamblers [1].

Spartans distinguishes itself through its accessibility and broad range of offerings. Players can access all features directly through their browser, without the need for app downloads. The platform supports major sports betting, including UFC, NBA, and eSports, alongside casino games and live dealers. These features, combined with fast crypto withdrawals and no banking delays, make it an appealing choice for high-volume crypto users looking to diversify their exposure [1].

In parallel with traditional market speculation, Cold Wallet (CWT) is gaining traction through its presale. The project has raised $5.08 million across 16 stages, with whale investors showing increasing participation. At a current presale price of $0.00942 and a projected launch price of $0.3517, early investors could see a potential 3707% return. This strong early demand reflects growing confidence in CWT’s platform, which promises exclusive staking rewards and long-term utility [2].

Ethena (ENA) is another token showing bullish technical signs. A fractal pattern on its chart suggests a possible breakout above $0.70, which could mirror last year’s 89% surge, pushing the token toward $1.33. Toncoin (TON), however, faces downward pressure, testing support at $2.93 after a 3.63% drop in a single day. Analysts warn that regulatory concerns tied to its Telegram association may continue to weigh on investor sentiment [2].

These contrasting trends underscore the complexity and dynamism of the crypto market. While some projects benefit from strong technical setups and whale backing, others face regulatory and market headwinds. Investors are increasingly relying on technical analysis and on-chain data to assess opportunities, with the potential for rapid price swings remaining a key factor.

Source:

[1] https://coinmarketcap.com/community/articles/688d47efc0e5862b136cc68d/

[2] http://www.theportugalnews.com/news/2025-08-01/508m-in-weeks-cold-wallet-becomes-whale-magnet-as-toncoin-wobbles-ethena-chart-setup-sparks-deja-vu/187457