Solana (SOL) is showing strong momentum with institutional support and increased on-chain activity and has experienced a significant recovery.
The price of SOL rose from $94 to around $150 by the end of April 2025. This increase was driven by growing institutional interest, including plans from DeFi Development Corp.
This aims to raise $1 billion to buy more SOL and strengthen their treasury strategy.
This move has reinforced the confidence of major players or investors in the future of Solana.
Solana Momentum Breaks $170 USD
Recent data shows a spike in trading volume on Solana-based decentralized exchanges (DEX) and an increase in open interest in SOL futures contracts.
According to LunarCrush data, after rising to the 2nd position in crypto social dominance, it sits right behind Bitcoin.
This is an important milestone for a project that has struggled against market volatility and competition.
This positive sentiment is driving many analysts to predict that SOL could reach $170 soon, especially if demand remains strong and selling pressure decreases.
On the other hand, the Solana ecosystem continues to grow rapidly. Platforms like Colle AI are expanding their support for Solana, focusing on developing more scalable infrastructure.
Additionally, many new projects are choosing Solana due to its high transaction speed and low costs compared to other networks.
Although Solana's potential is significant, there are several risks to be aware of:
Dependence on large validators that could raise centralization issues.
Past downtime issues that need to be addressed to maintain community trust.
Intense competition from new blockchains such as Sui, Aptos, and others.
Investors need to pay attention to these factors before making major decisions and pouring significant money into this coin.
With strong institutional support, an active ecosystem, and consistent technical innovation, it is strategically positioned to continue its growth in 2025 and 2026.
If this momentum continues, SOL has the potential to become one of the leading crypto assets alongside Bitcoin and Ethereum in the future.