Latest Solar (SXP) News Update

Deep Dive

1. Public Testnet for Core 5.0 (Upcoming)

Overview: The next major technical milestone is the launch of a public testnet for Solar's Core 5.0 upgrade, described as an "Avalanche-class" blockchain architecture (Solar). As of November 25, 2025, development was reported at 90% completion, with breakthroughs in block producer stability and transaction flow (Solar). This testnet will allow developers and the public to deploy test contracts and explore the new infrastructure before a mainnet release.

What this means: This is bullish for SXP because a successful testnet and subsequent mainnet upgrade could demonstrate renewed technical progress, potentially improving network utility and investor confidence. However, it is bearish if further delays occur or if the upgrade fails to attract developer activity, given the project's recent challenges with exchange warnings.

2. Solar Card V3 Migration & IBAN Rollout (Upcoming)

Overview: An upgrade to the Solar Card product, Version 3, is pending. This update will automatically migrate existing users and introduce IBAN (International Bank Account Number) support, allowing cardholders to send and receive traditional bank transfers directly (Solar). The team has completed an audit for this rollout.

What this means: This is neutral for SXP because while it enhances the product's utility for existing users by bridging crypto and traditional finance, its impact on broader adoption and token demand remains uncertain. Success depends on user uptake and seamless execution of the migration.

3. Foundation Revival & Marketing Reboot (Upcoming)

Overview: Following the resignation of CEO Nayiem Willems in November 2025, Solar is operating under its existing foundation structure (Solar). The roadmap includes reviving the foundation and executing a marketing reboot to improve community engagement and project visibility (Solar).

What this means: This is neutral for SXP because effective foundation leadership could stabilize governance and communication, which is critical after leadership turnover and exchange scrutiny. However, the timeline and concrete outcomes of this revival are not yet defined, posing a risk of continued uncertainty.

Conclusion

Solar's immediate path focuses on proving technical execution with Core 5.0 and enhancing its flagship card product, while navigating a critical period of organizational restructuring. Will successful testnet deployment and foundation efforts be enough to counteract the negative sentiment from recent exchange warnings?

Deep Dive

1. Upbit Watchlist Placement (26 January 2026)

Overview: Upbit placed Solar (SXP) on its trading watchlist, immediately halting deposit services for SXP/KRW and SXP/BTC pairs. The action was taken jointly with the Digital Asset eXchange Alliance (DAXA), citing substantive concerns over the project's long-term viability, unlike routine network upgrade restrictions.

What this means: This is bearish for SXP because it signals a loss of confidence from a major exchange, directly reducing liquidity and access for Korean investors. It places the token at imminent risk of escalation to a delisting procedure if concerns aren't addressed. (CoinMarketCap)

2. Multi-Exchange Investment Warning (26 January 2026)

Overview: In a significant coordinated move, South Korea's three largest exchanges—Upbit, Bithumb, and Coinone—issued an official investment warning for SXP through DAXA. The warning followed a review that identified issues in technical progress, business model sustainability, and community engagement.

What this means: This is bearish for SXP as it represents a formal, multi-platform de-risking action that will suppress trading volume and investor appetite. The project now has a 30–90 day monitoring period to submit an improvement plan or face stricter sanctions. (CoinMarketCap)

3. Development Halt & Financial Issues (21 March 2025)

Overview: The Sola (SXP) project announced a complete halt to all future development after multiple acquisition deals fell through during due diligence. Prospective buyers uncovered critical financial control issues, including a lack of oversight over project funds managed on Binance.

What this means: This is a foundational bearish event for SXP, as it revealed severe governance problems that eroded long-term confidence and left the protocol without active development or security updates, increasing its obsolescence risk. (CoinMarketCap)

Conclusion

SXP's trajectory is dominated by regulatory peril, with recent exchange warnings creating a make-or-break scenario for the project's survival. Can the Solar team deliver convincing improvements within DAXA's monitoring window to avert a full delisting?

Deep Dive

1. @SolarNetwork: Core 5.0 Testnet Progress Bullish

"Core 5.0 testnet is now at 90% completion, with major breakthroughs in block producer stability, transaction flow, and overall network architecture." – @SolarNetwork (45.7K followers · 2025-11-25 06:27 UTC) View original post What this means: This is bullish for SXP because it shows active development and progress toward a major network upgrade, which could improve utility and long-term value.

2. @Tokocrypto: Trader Debate on Price Recovery Mixed

"Solar (SXP) naik 17,8% dalam 24 jam! ... Apakah SXP lagi mulai recovery, atau ini cuma aksi bottom fishing?" – @Tokocrypto (2025-12-04 07:48 UTC) View original post What this means: This is mixed for SXP as it highlights strong short-term price action and volume, but also reflects deep skepticism about whether the momentum is sustainable or just speculative trading.

3. Coincu: DAXA Investment Warning Bearish

"Upbit has placed SXP (Solar) on its trading watchlist... citing concerns over the project's viability... The move underscores heightened scrutiny." – Coincu (2026-01-26 18:43 UTC) What this means: This is bearish for SXP because a coordinated warning from South Korea's top exchanges via DAXA signals severe regulatory and fundamental risks, which can erode investor confidence and liquidity.

Conclusion

The consensus on SXP is mixed, caught between tangible development progress and severe regulatory headwinds. While the team is actively building, the DAXA warning represents a critical threat to exchange access and investor trust. Watch for any official resolution or update from the Solar team regarding the DAXA monitoring period, as this will be a key driver for sentiment.

Deep Dive

1. Architecture Upgrade (12 November 2025)

Overview:
Solar introduced a username-based validator identity system and fixed critical stability issues in its blockchain architecture.

The upgrade focused on modular design, enabling future protocol expansions. Key fixes addressed state corruption risks and ValidatorDB bridge stability, reducing network downtime. These changes followed a 45-day security audit (Source).

What this means:
This is bullish for SXP because improved stability reduces operational risks for validators and users. The modular design could attract developers seeking customizable blockchain solutions.

2. Core 5.0 Testnet Progress (25 November 2025)

Overview:
Core 5.0 testnet reached 90% completion, focusing on block finality and transaction throughput.

Developers achieved breakthroughs in block producer node synchronization, cutting latency by ~40% compared to previous versions. The update also streamlined transaction queuing logic to handle spikes in activity (Source).

What this means:
This is neutral for SXP because while technical progress is evident, the delayed public testnet launch (originally slated for December 2025) raises execution risk. Successful implementation could improve network efficiency for decentralized apps.

Conclusion

Solar’s recent code commits demonstrate a focus on foundational stability and scalability, though exchange delisting risks and leadership changes cloud near-term sentiment. How will the project balance technical execution with restoring market confidence?