In the midst of a bear market.

The week has been filled with ups and downs, with mostly downs. It’s official, we’re in a bear market. 

Yesterday, the fear and greed index was at 15, one of the lowest in a long time, signaling extreme fear. 

And today $SOL is currently at $142. 

It’s been a rough few weeks for traders, hodlers and builders alike. 

In the absence of convincing price action, how about we share news about what’s been happening so far? 

Last 24 Hours

ICM.RUN (@icmdotrun) kept the incubator energy flowing with a congratulatory message to Dupe hitting App Store #1 (Dupe is a deal-finding app with AI twists) and their new growth advisor (TikTok co-inventor Harrison Wang, who is aiming for 1M installs). 

Founder Mercy has been setting up shop in San Fransisco while building Founderdotrun, a place where Founders can connect irl? We’re eyes glued for this one. 

Projects gave building nods to real creators shipping products, plus “cooking even in a red market” to @Agok_AI’s 102% ROI vault day. 

Pump.fun has sparked rumors again about “Mayhem Mode” which is said to allow tokens bond with around 20-21 SOL, way less than the usual and signaling a turnaround for things, as well as an acknowledgment of shorter attention span for traders in today’s market? I guess we’ll see, right? 

Courtesy of Solana Floor, we also found out that payment giant Cash App (with over 57M users) is rolling USDC on Solana early 2026—cheap, speedy stablecoin sends for the masses. 

-SoFi also became the first U.S. regulated bank letting customers buy SOL direct. 

-Colosseum recorded an ATH of hackathon entries with 1,567 entries and then shared the product directory with us. 

-Unruggable launched their hardware wallet this past week, and it looks good so far. 

Prediction markets

The odds of SOL hitting a new ATH before 2026 tanked to 6% on Polymarket (from 56% last month)—which is a huge sentiment shift and blow, but to be expected when the larger picture of the market is considered. Then again, dips like this often flip to rallies. 

Other than that, not much to see other than a few teases of a “Big Week” from projects like Hylo. 

I have just one question for you though, Cypher; Are you touching grass?