Solana price risks a crash to $100 despite key Breakpoint news
The post Solana price risks a crash to $100 despite key Breakpoint news appeared on BitcoinEthereumNews.com.
Solana price remained in a tight range this week despite delivering some notable news from the ongoing Breakpoint event. Summary Solana price has formed a bearish flag pattern on the daily chart. The network made some major announcements at the Breakpoint event. The spot Solana ETFs have continued adding assets this week. The Solana (SOL) token was trading at $131 today, Dec. 11, down by nearly 50% from its highest level in September this year, and technical indicators suggest further downside, potentially to $100. Solana’s price remained sideways despite notable ecosystem news. One of the most recent news was the bridge between Solana and Base through the Chainlink (LINK) network. This was a significant event, as the two are among the leading chains in the crypto industry, with Base hosting over 700 dApps and a TVL of over $8.3 billion. The other notable Solana news came from Ondo Finance and State Street, which will launch SWEEP, a new private tokenized liquidity fund bringing traditional cash management onchain. Ondo Finance has joined with State Street Investment Management and Galaxy Asset Management to announce plans for SWEEP, a new private tokenized liquidity fund bringing traditional cash management onchain. OUSG, Ondo’s flagship tokenized fund, plans to serve as the lead anchor… pic.twitter.com/YM8yCRbVhc — Ondo Finance (@OndoFinance) December 11, 2025 Similarly, Animoca Brands, a top player in the crypto industry, announced that it would launch its equity on Solana. Bhutan will also launch the first sovereign-backed gold token on the network. Another major Solana development came from Coinbase, which launched a product that allows users to trade all Solana tokens on a decentralized exchange. This is notable as it exposes Solana and its ecosystem to millions of users. Meanwhile, Solana’s ETFs have continued gaining assets since their launch in October. They have recorded inflows…
