Deep Dive
1. Institutional RWA Momentum (Bullish Impact)
Overview:
Chintai announced a partnership with Passion Venture Capital (October 6, 2025) to unlock $1.2B in tokenized assets across Asia, targeting private credit, biotech, and real estate. This follows earlier collaborations with Splyce (September 26) to bring compliant RWAs to Solana DeFi via S-Tokens.
What this means:
- CHEX is the utility token for Chintai’s white-label RWA platform, used for fees, governance, and staking. New institutional inflows directly increase demand.
- The Passion VC deal targets a $16T RWA market (per Boston Consulting Group), positioning Chintai as a gateway for TradFi capital.
What to look out for:
- Progress on the $1.2B pipeline – milestones could trigger further rallies.
2. Technical Reversal Signals (Mixed Impact)
Overview:
CHEX broke above its 7-day SMA ($0.0355) and 30-day SMA ($0.0364), with RSI (7-day) at 61.5 – nearing overbought but confirming upward momentum. MACD histogram flipped positive (+0.00195), suggesting bullish divergence.
What this means:
- Short-term traders may see this as a breakout opportunity, especially if CHEX holds above $0.0389 (50% Fibonacci retracement).
- However, long-term trends remain bearish: CHEX is still 61% below its 90-day price and faces resistance at $0.0458 (23.6% Fib level).
3. Market Sentiment & Sector Rotation (Neutral Impact)
Overview:
While the broader crypto market is in "Fear" territory (CMC Fear & Greed Index: 25), RWA narratives are gaining traction. Solana’s RWA TVL surged to $600M in 2025, and Chintai’s Solana integrations position CHEX to capture this growth.
What this means:
- Investors may be rotating into niche sectors like RWAs amid Bitcoin’s dominance (58.68%).
- Risk: Low liquidity (24h volume down 19% to $851K) could amplify volatility.
Conclusion
CHEX’s 24h gain reflects institutional RWA deals and technical momentum, but sustainability depends on delivering tokenization volume and navigating a risk-off market. Key watch: Can CHEX hold above $0.0389, and will Passion VC’s $1.2B pipeline materialize before year-end?