The price of Solana (SOL) unexpectedly broke through the $160 threshold, sparking speculation as SOL Strategies prepares to bring cryptocurrency stocks to the Solana blockchain platform.
The price of Solana surpassed $160 for the first time since March, thanks to a strong surge driven by Trump boosting the market.
The price of Solana surged 9% during Thursday's trading session, surpassing $162 for the first time since March, thanks to a broad recovery across the crypto market.
Bitcoin's remarkable breakout above the psychological threshold of $100,000 has triggered a wave of buying from large institutions, bolstered by the decision to maintain interest rates by the U.S. Federal Reserve (Fed) and positive macroeconomic expectations following the trade agreement between former President Donald Trump and the United Kingdom.
Investor sentiment continues to improve in the context of Trump calling for a ceasefire in Russia, further reinforcing confidence in a more stable geopolitical environment in the near future.
“Negotiations between Russia and Ukraine are ongoing. The U.S. calls for an unconditional ceasefire for 30 days – ideally immediately. We hope both sides will act responsibly and respect the sanctity of negotiations. If that does not happen, the U.S. and its allies will be forced to impose further sanctions. Thousands of young people are sacrificing every week – that needs to STOP,” Trump shared on TruthSocial on Thursday.
As of writing, Solana is trading around $162.76, up 10.4% in the past 24 hours and far exceeding Bitcoin's performance – even though the largest coin in the market is also holding at a four-month high of $103,000.
Data from Coingecko shows that Solana's daily gain has outperformed both the 7-day and 30-day performances, a signal that the market is likely entering a new growth cycle for SOL.
SOL Strategies pioneers bringing cryptocurrency shares to Solana through an SEC-approved platform.
The persistent rise of Bitcoin is spreading to alternative blockchains like Solana, as recent moves by institutional investors continue to strengthen SOL's position in the market.
Recently, the investment company SOL Strategies (CSE: HODL), based in Canada, signed a Memorandum of Understanding (MoU) with Superstate – a securities trading platform approved by the U.S. Securities and Exchange Commission (SEC) – to explore the possibility of issuing shares in token form on the Solana blockchain network.
If realized, this will be the first time a public company considers issuing tokenized common stock directly on the Solana platform – marking a strategic shift in applying blockchain technology to the traditional capital market.
Superstate currently operates Opening Bell – a securities trading platform built entirely on blockchain, supporting the issuance and custody of shares registered with the SEC. This collaboration aims to provide transparency, real-time settlement capabilities, while increasing compatibility with DeFi protocols, thereby strengthening institutional investors' trust in the Solana ecosystem.
“As pioneers in the Solana ecosystem, we are constantly searching for breakthrough innovations. Tokenizing publicly listed shares is an inevitable advance for the capital market, and with its superior performance, Solana is the ideal infrastructure to realize this future. By launching this initiative, we affirm our technology-based development strategy while expanding access opportunities for global investors,” said Leah Wald, CEO of SOL Strategies.
Currently, the plan is still in the early stages and has not determined a specific deployment timeline. This initiative also does not include converting existing shares into tokens.
If successful, this would be the first public issuance of cryptocurrency shares legally supervised and managed on the Solana platform – a milestone that could mark the transition from a blockchain associated with meme coin projects and individual staking to an institutional financial playground.
What’s next: Institutional activity on the Solana blockchain could push SOL prices over $200.
SOL Strategies' vision of tokenizing shares on the blockchain reflects a larger trend: the increasing interest from financial institutions in compliant cryptocurrency securities, especially when deployed on the Solana platform. As the legal framework in the U.S. becomes more transparent, pension funds, asset management companies, and even government agencies may begin to legally and safely access and own digital assets based on SOL.
This institutionalization trend has been reinforced following the approval of the Solana ETF Futures for listing on the Nasdaq, along with a series of spot ETFs currently under SEC review. This indicates a significant step in integrating digital assets into the traditional financial system.
The growing bipartisan consensus in U.S. states and the Senate regarding cryptocurrency supportive legislation is paving the way for policy breakthroughs. If SOL Strategies can successfully implement the SEC-approved issuance of cryptocurrency securities, this could be the bridge for large financial institutions such as pension funds and government agencies to officially engage in the decentralized financial ecosystem through Solana.
According to data from Coingecko, the total market valuation of asset tokenization has now surpassed $3.5 billion. The top 10 cryptocurrencies are all backed by real assets such as government bonds, gold, silver, and real estate — demonstrating the practicality and reliability that is increasingly being reinforced.
In this context, SOL Strategies' implementation of tokenized assets on Superstate's Opening Bell platform, which operates on Solana, could create a sustainable growth momentum for SOL, especially as high-value asset transactions begin to shift to the blockchain.
With major U.S. states like Oregon, Arizona, and New Hampshire actively adopting asset reserves in cryptocurrency, SOL has the opportunity to attract billions of dollars from public and private institutions. If supporting factors such as blockchain infrastructure, business acceptance, and legal transparency continue to improve in the next quarter, SOL could very well exceed $200 in Q2.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.