Solana’s Pacifica DEX Ignites Market Speculation with SBF-Era Strategy Revival

The cryptocurrency landscape witnessed a significant development on September 29, 2025, as Sam Bankman-Fried's enigmatic 'gm' tweet coincided with the launch of Pacifica, a Solana-based perpetual futures decentralized exchange (DEX) spearheaded by a former FTX Chief Operating Officer. This strategic timing has reignited widespread speculation about SBF's potential return to the crypto arena, drawing parallels to FTX's early operational methodologies. Pacifica's innovative tokenless model, which rewards users with points instead of traditional tokens, mirrors SBF's historically successful approaches, suggesting a possible revival of his signature strategies within the Solana ecosystem. The market response has been notably bullish, with increased trading volumes and positive sentiment surrounding Solana-based assets. This development represents a potential paradigm shift in decentralized finance (DeFi) infrastructure, combining proven incentive mechanisms with Solana's high-throughput capabilities. Industry analysts are closely monitoring whether this marks the beginning of a new chapter for both SBF and the broader perpetual futures market, particularly given Solana's growing prominence in the DeFi space. The convergence of nostalgic trading strategies with modern blockchain technology positions Pacifica as a potentially disruptive force, while raising questions about the future evolution of decentralized trading platforms and their adoption of traditional finance-inspired models.

SBF’s ‘gm’ Tweet Sparks Speculation of Comeback Amidst New Solana-Based Perp Dex

Sam Bankman-Fried's cryptic 'gm' tweet has reignited speculation about his potential return to the crypto scene. The post coincided with the launch of a Solana-based perpetual futures DEX by a former FTX COO, fueling rumors of his involvement.

The new project, Pacifica, employs a tokenless model reminiscent of SBF's past strategies. Users earn points instead of tokens, drawing parallels to FTX's early success with Solana. At its peak, SBF's $0.20 solana investment ballooned to a $15 billion position before contributing to FTX's collapse.

Market observers note striking similarities between ASTER's recent rally and SBF's infamous Solana playbook. The timing raises questions about whether this is mere coincidence or coordinated action by SBF's inner circle.

Solana (SOL) Extends Decline Amid Bearish Market Sentiment

Solana's price trajectory turned sharply downward after failing to sustain momentum above $232, mirroring broader weakness in crypto markets. The asset now trades below critical support levels at $220 and $200, with technical indicators suggesting potential further downside toward $180.

Hourly charts reveal a pronounced bearish trend, with SOL struggling below both the 100-hour SMA and a newly formed resistance line at $204. Market participants note the absence of bullish catalysts as the token consolidates NEAR $191—a 23.6% retracement from its recent $242 high.

Any recovery attempt faces immediate hurdles at $200, with stronger resistance expected near the $204 trendline and the 50% Fibonacci level at $215. Traders on Kraken remain cautious, with downside risks prevailing absent a decisive break above key technical thresholds.

Solana Price Prediction: Institutional Interest Defies Recent Dip as Open Interest Hits Record High

Solana's price has tumbled 20% in the past week, marking it as the worst performer among top-tier layer-1 blockchains. Bearish forecasts abound, with analysts warning of further downside potential.

Yet beneath the surface, institutional demand tells a different story. Two major Solana treasury products launched consecutively, while the chain's stablecoin market capitalization doubled to $12 billion since January. Despite a 60% decline in memecoin trading volume, Solana continues to dominate DEX flows with $4.5 billion in daily activity.

The past 72 hours saw whales accumulate 1.5 million SOL worth $315 million - a clear vote of confidence from deep-pocketed investors. This accumulation surge coincides with Solana's futures open interest reaching an unprecedented $17.1 billion, surpassing levels seen during its $250 price peak earlier this year.

Perpetual funding rates flipped positive at 0.0043%, reversing from negative territory. However, DeFiLlama data reveals some weakness in Solana's total value locked, suggesting the ecosystem faces mixed signals amid this institutional endorsement.

LYS Labs Expands Data Capabilities and Launches Solana Trading Product

LYS Labs, a Web3 data infrastructure company focused on machine finance intelligence for Solana, has announced key milestones in its development roadmap. The firm completed Phase 1 of its rollout, making ultra-low latency structured Solana data publicly available while testing aggregated data with select partners.

The company is now preparing to launch LYS Flash, a smart relay engine designed to simplify complex Solana transactions. The product aims to optimize execution by abstracting away challenges like DEX contract quirks, token account logic, and MEV protection—achieving signal-to-settlement in under 36 milliseconds.

LYS Labs recently secured seed funding from notable investors including Alchemy Ventures and Auros Global. The capital will support its transition from a data provider to an operating system for automated finance, with new developer initiatives already gaining traction.

Solana Shows Signs of Recovery After 25% Price Drop

Solana's recent 25% decline breached the $200 support level, but technical indicators now suggest a potential reversal. The cryptocurrency appears to be forming a bottom, with bullish RSI divergence and a possible double-bottom pattern emerging on the four-hour chart.

Market technicians highlight key support at $188 as a critical level that could determine whether Solana enters a prolonged bear market or stages a recovery. The daily chart presents mixed signals, but the four-hour timeframe shows compelling evidence of selling pressure exhaustion.

The Relative Strength Index's bullish divergence - reaching its lowest level since January while prices continued falling - often precedes trend reversals. A successful retest of the ascending trendline could confirm the end of bearish momentum and trigger upward price action.

Baby Shark Token Plummets 90% After Pinkfong Denies Affiliation

A memecoin inspired by the viral children's song Baby Shark collapsed dramatically, losing over 90% of its value after Pinkfong Co., the brand's official owner, disavowed any connection to the project. The token had surged to a high of $0.35 with a market cap nearing $200 million before crashing below $0.00064 following Pinkfong's public rejection.

The disputed token launched on Story Protocol, a blockchain designed for intellectual property, and was promoted by influencers and the platform's marketing efforts. Pinkfong clarified that only two digital assets—Baby Shark Meme on Solana and Baby Shark Universe Token on BNB Chain—are officially authorized. IP.World, the platform behind the token, admitted relying on faulty rights from a licensee and halted creator fees upon discovering the issue.

Panic selling ensued after blockchain analytics firm Bubblemaps flagged suspicious trading activity, revealing a single entity funneled funds through new wallets to snipe $10 million. The incident underscores the risks of unauthorized token launches and the volatility of memecoins in the crypto market.