Solana is pulling back into key support levels, as the selling volume is causing the price to head towards the crucial support close to $140. The SOL price action shows a correction following a rejected top and may now be approaching the base of the prior demand. The drop below $151 support, which is a pivotal one, has led to a drop below $150, which could lead to a deeper retracement toward the $141 to $145 zone.
The market sentiment around Solana is shifting as the big dormant coins are on the move. As per the data from Glassnode, the platform witnessed its 3rd biggest Coin Days Destroyed or CDD, which is a metric that tracks the movement of coins based on how long they have remained dormant. A massive spike of nearly 3.55B CDD, which suggests either profit taking or repositioning.
Secondly, another on-chain data point suggests a massive efflux is the inflows and outflows of the bridged cryptos. These are the cryptos that are transferred from one blockchain to another, and hence the data suggests that the investors are moving out of Solana. As per the data from Artemis, Solana is the top chain that faced huge outflows.
The above chart shows a huge outflow from the Solana blockchain, while Ethereum experiences a massive influx of nearly $7.5 million compared to over $10 million in outflows. This suggests a probable liquidity flow between these top two blockchains, while the race for supremacy between them has gained huge attention in recent times.
What’s Next for the Solana (SOL) Price—Will It Drop Below $140 or Rebound to $160?
Ever since the SOL price marked the highs close to $300, it has been trading within a steep descending trend. The rebound from the yearly lows indicated a rise above the bearish influence, but the current price action suggests a deeper correction could be possible. The price has been marking huge losses since the start of the month, which could drag the levels close to the pivotal support levels, probably below $140.
The weekly chart of the SOL price suggests the token is undergoing a recovery, but it is stuck within a cup & handle pattern. The token is heading towards the crucial support at $141, and as the weekly RSI is plunging to the lower support of the descending parallel channel, the price may also drop to the support of the handle. However, the levels may rebound and rise along the support of the pattern and reach $160 in the coming days.
Web3’s future is being shaped by those who bridge technology and sustainability. As blockchain matures, real-world utility has become the currency of trust for both individuals and institutions. In this pivotal moment, VeChain CEO Sunny Lu offers a unique perspective on his company’s mission—and the larger transformation unfolding in crypto.
Sunny Lu is the CEO of VeChain, a pioneering enterprise blockchain platform recognized for its commitment to sustainability and mass adoption. BeInCrypto interviewed Lu in June 2025 to discuss the rollout of Stargate, VeChain’s new decentralization engine, and how the project’s evolving strategies aim to move beyond speculative hype into measurable impact.
Their conversation, held at the launchpad of VeChain’s most significant upgrade yet, illuminated ambitions for a truly democratized and utility-driven future, covering protocol upgrades, compliance, developer opportunities, and VeChain’s global reach.
The following interview reveals VeChain’s multi-layered approach, from grassroots ESG incentives to staking innovations that open decentralization to everyone. Lu makes it clear: this is VeChain’s renaissance—and its boldest step forward.
The Evolution of VeChain: Infrastructure, Adoption, and Sustainability
VeChain has gone through three major phases, each shaped by a white paper. The first, in 2017, focused on building the core infrastructure. By 2019, we had moved to enterprise adoption, working with companies like Walmart, BYD, and others on food safety and sustainability.
In 2023, we launched our third white paper, “Web3 for Better,” which marks our current focus: building sustainability-driven applications. We launched vBetterDAO to encourage people to take better daily actions—so far, we’ve reached 2.7 million users and over 40 applications.
Now, we’re entering what we call the VeChain Renaissance, the most significant upgrade in our history. Its first milestone is the Stargate platform, launching July 1, designed to enable decentralization at scale.
Stargate and the Road to True Decentralization
Stargate is the first step of the VeChain Renaissance. It includes major protocol and tokenomics upgrades aimed at true decentralization. Most users can’t run validators because they require technical skills. Stargate introduces a staking system using NFTs to simplify participation.
Users can stake VET into smart contracts, mint NFTs of different levels based on their stake, and delegate those NFTs to validators, without giving up control of their funds. This approach removes technical barriers and brings in real rewards.
Validators can earn up to 15% APY, and delegators up to 12%.
Importantly, VET and VSO have been deemed MiCA compliant by the Central Bank of Ireland since March 2025, and we also ensure our model aligns with SEC guidance.
Weighted Proof-of-Stake and Flexible Participation
We’ll support 101 validators, as we do now with our Proof of Authority model, but we’re evolving to include up to 500,000 delegators through a weighted delegated Proof-of-Stake system.
Legacy XNode and Econode holders can swap into new NFTs, while new users can mint from seven NFT tiers based on staking amounts. The system is flexible and deflationary—users can unstake and burn their NFTs anytime.
Sustainability as VeChain’s Pillar: Applications and Impact
It’s still a pillar. Our vBetterDAO fosters both startups and big corporations to build decentralized applications that incentivize sustainable behaviors. For example:
Markshaw and GreenCard reward people for using recycled mugs or buying organic goods.
EVN, using Tesla APIs, rewards Tesla drivers for eco-friendly charging behavior.
BYB (Build Your Body), co-developed with UFC, rewards users for physical workouts using motion detection.
These applications are highly engaging—some have over a million users with exceptional retention.
ESG, Greenwashing, and the Bottom-Up Alternative
We acknowledge that ESG can be politicized or used as greenwashing. Traditional ESG is top-down, driven by big corporations or financial institutions. We do the opposite.
Our approach is bottom-up, empowering individuals to make daily sustainable choices. These actions accumulate into real impact. Our vision complements traditional ESG with grassroots action and technology.
Opportunities for Developers
We offer several entry points:
DevRel support – Our developer relations team is ready to assist.
Grant programs – We incentivize developers to build applications aligned with our vision.
BCG Consultation Program – In partnership with BCG, we help top developers with go-to-market strategies and partnerships.
Ultimately, vBetterDAO acts as an incubator, offering developers everything they need to launch and scale.
Global User Base and Institutional Vision
We’ve mapped our users worldwide: the U.S., Europe, Southeast Asia, Africa—you name it. We’re present almost everywhere, except a few sensitive regions.
We started in 2024. Johnny Garcia, formerly of Vanguard and Bitwise, joined us to lead our institutional strategy. We’re onboarding institutions not just as investors, but as validators.
These are long-term supporters, not speculators. They’re contributing to network security and aligned with our sustainability vision.
Everything is possible. We’re keeping our options open.
A Turning Point: Real World Utility in 2025 and Beyond
2025 is a turning point. Regulations are becoming clearer—MiCA in Europe, and increasing clarity from the SEC in the U.S.
Institutions are looking for real-world utility, not just narratives. That’s what we offer—real applications, real users, and real value.
We’re transitioning from a narrative-driven market to a fundamentals-driven one. It’s just like the evolution of the internet. I’m confident and bullish about where VeChain is headed.
Conclusion
Sunny Lu’s vision for VeChain is centered on accessibility, transparency, and measurable utility. Stargate’s NFT-based staking and global compliance drive VeChain to the forefront of decentralization.
Through sustainability initiatives and bold partnerships, VeChain continues to empower both individuals and institutions to generate tangible impact, one step at a time. As regulations clarify and technology matures, Lu’s confidence signals a new chapter where fundamentals and real-world value define blockchain’s next wave.
After the FOMC (Federal Open Market Committee) minutes and the digital asset summit on Wednesday and Thursday, respectively, approximately $2.09 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today.
The expiration may influence market conditions, with investors monitoring potential shifts.
Over $2 Billion in Options Expiry Today
According to Deribit, $1.826 billion in Bitcoin options expire today. The maximum pain point of these contracts stands at $85,000.
These options include 21,596 contracts, slightly fewer than last week’s 35,176. Despite recent volatility, the put-to-call ratio of 0.83 indicates a general bullish sentiment.
Ethereum has $264.46 million in options expiring, involving 133,447 contracts. This figure is also lower than the previous week’s 223,395 contracts. The maximum pain point for these options is $2,000, and the put-to-call ratio is 0.62.
As the options contracts near expiration at 8:00 UTC today, Bitcoin and Ethereum prices are expected to approach their respective maximum pain points. According to BeInCrypto data, BTC traded for $84,414, whereas ETH exchanged hands for $1,977.
This suggests a modest upside for Bitcoin and Ethereum towards the $85,000 and $2,000 strike prices, respectively. This surge is plausible given smart money’s Strategy in options trading, pushing prices toward the “max pain” level. Here, the highest number of contracts, both calls and puts, expire worthless.
“Will we see a volatility squeeze or a slow unwind?” Deribit posed in a post on X (Twitter).
Based on Bitcoin and Ethereum’s put-to-call ratios, both below 1, call options (purchases) have a higher prevalence than put options (sales).
Market Sentiment Ahead of Today’s Options Expiry
Analysts from crypto options trading tool Greeks.live provided insights on the current market sentiment, highlighting a divided trader community. On the one hand, some expect a price drop after the FOMC meeting, as policymakers rejected further interest rate cuts, effectively disappointing the crypto market.
On the other hand, some anticipate a temporary rise before choppy conditions. With this, the analysts note the range between $83,000 and $85,000 as the area of interest, with expected volatility around President Trump-related developments and potential MicroStrategy (now Strategy) purchases.
“Expect chop and drift lower before heading higher again on Monday, despite the current pump not being viewed as sustainable,” Greeks.live analysts observed.
Even as Bitget’s Chen remains optimistic, traders and investors should brace for short-term volatility. Historically, options expirations tend to cause temporary price movements. However, the market usually stabilizes shortly after.
Plans for the smooth sailing of fresh stablecoin regulation have hit a curb following a group of Congressmen’s decision to withdraw their support. US senators are rejecting the GENIUS Act in its current form in a move that can derail the outcome of a final vote.
10 US Senators Will Not Vote In Favor Of The GENIUS Act
According to an X post by cryptocurrency journalist Eleanor Terrett, a group of US senators are poking holes in The Guiding And Establishing National Innovation For US Stablecoins (GENIUS Act) over its provisions. The senators, led by Ruben Gallego, have issued a joint statement criticizing the updated text of the stablecoin regulation.
Per the Congressmen, the GENIUS Act requires tighter provisions on anti-money laundering and national security guardrails. Furthermore, the group is pushing for additional provisions to protect the local financial ecosystem from undue disruptions.
The senators are raising concerns over the lack of clarity of foreign stablecoin issuers and the potential threat to national security. Finally, the joint statement takes swipes at the absence of stiff penalties for issuers that fail to meet the standards of the GENIUS Act.
A previous Coingape report notes that US senators will vote for the GENIUS Act before May 26. However, the senators will not vote for the bill in its current form unless the provisions are modified.
“While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor.
Stablecoin Issuers May Face Disruption To Their Compliance Plans
While it seemed that the GENIUS Act was hurtling toward full approval, the joint statement by the group of senators complicated matters. For starters, there is a possibility that the dissent may grow, potentially affecting the voting outcomes and triggering a delay.
Bo Hines has previously predicted the rollout of stablecoin regulation before June, but fresh dissent could prolong the passage. If the bill fails to pass the House vote, there is the potential for reconsideration after fresh amendments.
Stablecoin issuers will be the hardest hit, with the delay affecting their short-term and mid-term plans. Ahead of incoming stablecoin regulation, Tether has unveiled plans to release a stablecoin for US users, going head-to-head with the USD1 stablecoin.
Amid the absence of regulatory clarity, Ripple has paused minting RLUSD stablecoins after crossing the $300 million market capitalization mark. A delay to the timeline of the GENIUS Act will affect the listing of WLFI’s USD1 stablecoin on centralized exchanges.
