Solana may be on the brink of a major rally as BONK, the most popular meme coin in its ecosystem, announced a partnership with DeFi Development Corporation.
Solana may be on the brink of a major rally as BONK, the most popular meme coin in its ecosystem, announced a partnership with DeFi Development Corporation, a publicly traded company aligned with Solana’s long-term vision.
The collaboration unites BONK’s massive community (920,000+ holders and $1.8 billion+ market cap) with DeFi Dev Corp’s institutional validator infrastructure.
DeFi Dev Corp. and BONK Make History with First Public Company and Community Memecoin Validator Partnership https://t.co/a7BkZfdnKo
— Michael Arrington 🏴☠️ (@arrington) May 16, 2025
Together, they’ve launched a shared validator node, marking the first time a public company and a top meme coin have co-operated on Solana’s core validation layer.
BONK aims to strengthen adoption of BONKSOL, its liquid staking token, while DeFi Dev Corp looks to boost its SOL Per Share (SPS) metric – key to shareholder value.
With BONK now integrated across 400+ dApps and 13 blockchains, the collaboration enhances both scale and sustainability.
Solana Technical Analysis: SOL to Reclaim $200?
The daily SOL/USDT chart currently shows a rising wedge pattern – often seen as bearish – but key indicators suggest bulls may still be in control.
While the RSI has dipped below 60, it remains in bullish territory, and the current gradient may simply reflect a healthy cool-off after a strong rally.
The MACD shows a bearish crossover, yet this could also mark a consolidation phase before the next leg higher, especially with SOL holding near critical support at $160.
SOL Daily Chart. Source: TradingView
If the price holds this level and reclaims $175, it would invalidate the wedge pattern entirely – potentially triggering a breakout toward the $200 mark.
Despite a 5% dip in the past 24 hours, SOL remains up 17% over the past 30 days, fueled by Bitcoin’s record-setting surge past $100,000.
With momentum still strong and broader market sentiment bullish, SOL may be gearing up for its next big move.
Solana Layer 2s Pack Heat as SOL Eyes $200 – Solaxy ($SOLX) Presale Explodes Past $37.74M
Solana may be making headlines as it pushes toward $200, but behind the scenes, Solaxy ($SOLX) is emerging as the real disruptor in the ecosystem.
This new Layer 2 solution has already raised over $37.74 million in presale funding by zeroing in on Solana’s biggest pain points – congestion, failed transactions, and scalability – without compromising its core speed and efficiency.
As more eyes shift to infrastructure plays, Solaxy could be the project that defines Solana’s next phase of growth.
Source: Solaxy
In addition, Solaxy is turning heads with powerful incentives – including 107% staking rewards during its presale – adding serious fuel to the hype around this next-gen Layer 2 solution.
To participate in the presale, simply visit the official Solaxy website and connect a supported wallet like the Best Wallet.
Swap crypto or use your card to complete the transaction.
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