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Solana Edges Higher on Firedancer Plan to Remove Block Cap as ETF Deadline Nears

Traders now eye the $207 area as the key level following the upgrade news.

Overview

  • Jump Crypto’s Firedancer proposal, SIMD-0370, would remove Solana’s fixed 60 million compute‑unit block limit and allow validators to skip blocks they cannot process.
  • The Alpenglow roadmap targets roughly 150‑millisecond finality, with a testnet scheduled for December 2025.
  • SOL trades around $208–$210 after a recent rebound, with $206–$210 flagged as initial support and $230–$253 as the next resistance zone.
  • Treasury wallets now hold over 20.9 million SOL, and firms including Forward Industries have disclosed sizable positions that signal growing institutional participation.
  • On-chain data show a weekly decline in transactions and fees, and engineers warn of centralization risks for smaller validators, while an Oct. 10 SEC ETF decision is viewed as a potential catalyst.