$SOL While the SEC delays its decision, Solana has experienced a strong increase in the number of active wallets with balance and in whale activity. Recent improvements in the network aimed at supporting higher performance have attracted the attention of institutional investors.

For example, the company Upexi acquired 326,347 SOL at an average price of 135 dollars, raising its holdings to 596,714 SOL. Similarly, SOL Strategies purchased 122,524 SOL at an average of 148 dollars as part of its strategy to strengthen its crypto treasury.

Much of this adoption has been driven by the popularity of memecoins in the Solana ecosystem over the past year, which has revitalized institutional and community interest.

SOL price aims for a new all-time high in 2025

Amid the current altcoin bullish rally, the price of SOL is well positioned to retest its all-time high, with the potential to enter the euphoric phase of the 2025 bullish cycle.

From a technical analysis standpoint, if SOL breaks the resistance around 180 dollars, the price could rally towards 221 dollars and beyond, consolidating its rise as one of the market leaders in this new phase of the crypto cycle.