Solana (SOL) Surges Amid Bullish Momentum and Record Stablecoin Growth

Solana (SOL) continued its upward trajectory on May 9, 2025 , with the price hitting $163.2 , marking a 9.99% increase in 24 hours . This surge comes as Solana’s stablecoin market cap reached a record $13 billion , fueled by growing adoption of decentralized finance (DeFi) and yield-generating protocols .

The cryptocurrency also saw a significant shift in its SOL-to-Ethereum (ETH) exchange rate, surpassing 0.086 , indicating stronger relative performance against ETH . Analysts highlight Solana’s scalability and low fees as key drivers of its recent rally, with some predicting a potential push toward $220 amid bullish chart patterns .

Despite a 7.35% daily decline in some trading windows , Solana’s overall momentum remains robust, supported by institutional interest and innovative projects on its blockchain. Additionally, Solana’s early backer, RockawayX , launched a $125 million fund to invest in startups building on the Solana ecosystem, signaling long-term confidence in the network .

As traders monitor SOL’s next resistance levels, the token’s performance underscores Solana’s growing role in the crypto market’s evolving landscape. 🚀
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