Coinbase Expands Solana Focus with Built-In DEX Trading Feature

Recent developments in the Solana ecosystem indicate a mix of price stability and expansion opportunities:

  • FTX and Alameda unstaked 194,861 SOL worth $25.5 million. Despite concerns, Solana has absorbed such releases without significant price impact.
  • Coinbase plans to expand its focus on Solana by enabling trading of all Solana tokens through a built-in DEX, enhancing liquidity and access for new tokens.
  • Solana celebrated its five-year anniversary with the Solana Breakpoint 2025 event, fostering further discussions in trading circles.
  • The Gelephu Mindfulness City region in Bhutan launched a gold-backed digital token named TER on Solana, integrating blockchain into public programs.
  • US spot Solana ETFs have attracted $4.85 million in recent inflows, totaling around $660 million since launch, showing strong investor interest.

SOL tested resistance near $145 but was at $131.31, down 5% recently. Analysts suggest potential for a move above $200 as liquidity phases change and weaker positions clear.