Solana May Be on the Brink of a Major Rally as BONK, the Most Popular Meme Coin

Solana may be on the brink of a major rally as BONK, the most popular meme coin in its ecosystem, announced a partnership

Solana (SOL) may be approaching a crucial turning point as BONK, the most popular meme coin in the ecosystem, announced a partnership with DeFi Development Corporation, a publicly traded company aligned with Solana’s long-term vision.

The collaboration combines BONK’s massive community (920,000+ holders and $1.8 billion+ market cap) with DeFi Dev Corp’s (OTC:DDCF) institutional validator infrastructure on Solana.

DeFi Dev Corp. and BONK Make History with First Public Company and Community Memecoin Validator Partnershiphttps://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 cooperated on Solana’s core validation layer.

This partnership is designed to strengthen the adoption of BONKSOL, BONK’s liquid staking token, while also boosting DeFi Dev Corp’s SOL Per Share (SPS) metric – an indicator followed closely by shareholders for its correlation with the company’s stock price.

«This partnership represents a significant milestone in the evolution of both the crypto and public company domains,» said macroeconomic researcher and DeFi Dev Corp CEO, Darren Yaw.

Yaw further highlighted the importance of this collaboration for both parties, stating that it will «enable the integration of community-driven initiatives with institutional-grade validation services, ultimately fostering a more sustainable and inclusive ecosystem.»

The integration of BONK across 400+ dApps and 13 blockchains will amplify the partnership’s 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 Relative Strength Index (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 Moving Average Convergence Divergence (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 manages to hold this level and reclaims $175, it would invalidate the wedge pattern entirely – potentially triggering a breakout toward the $200 mark.

Despite a 5% decrease in the past 24 hours, SOL has increased by 17% over the last 30 days, largely due to Bitcoin’s record-setting surge past $100,000.

With momentum still strong and broader market sentiment bullish, SOL may be setting the stage 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 focusing on Solana’s biggest pain points – congestion, failed transactions, and scalability – without compromising its core speed and efficiency.

As more investors turn their attention to promising infrastructure plays, Solaxy could be the project that defines Solana’s next phase of growth.

Source: Solaxy

Moreover, Solaxy is attracting attention with powerful incentives – including 107% staking rewards during its presale.

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.

Solaxy (SOLX), Solana’s (SOL) first layer-2 chain, has now reached nearly $38 million in presale funding – with just 28 days remaining before the sale officially ends.