Here’s a summary of the latest Solana-related news for July 9, 2025, based on recent:

Sevelopments:$SOL ETF Developments: The U.S. Securities and Exchange Commission (SEC) is pushing for revised Solana ETF applications by the end of July, with potential approvals expected by October 2025. This follows the approval of the REX-Osprey Solana + Staking ETF on July 2, which saw $12 million in net inflows on its debut day.

Analysts estimate a 95% chance of spot Solana ETF approval in 2025, potentially boosting institutional interest and liquidity.

Price Movements and Predictions: Solana (SOL) is trading around $150.35, with a recent 2% daily decline but showing a bullish breakout from a descending wedge pattern.

Analysts predict an 8% price surge based on technical patterns, with some forecasting SOL could hit $400-$500 by the end of 2025, driven by ETF optimism and ecosystem growth. However, failure to hold above $148 could lead to short-term declines, with some estimates suggesting a low of $130 in July.

Ecosystem and Institutional Activity: Solana’s network remains robust, with $48.53 million in tokenized stocks and $250 million in USDC minted by Circle, signaling strong adoption. Despite high transaction speeds and low fees, institutional confidence is mixed due to competition from Ethereum’s layer-2 solutions and concerns over Miner Extractable Value (MEV) risks. Solana generated $271.8 million in revenue in Q2 2025, outpacing Tron and Ethereum, with 14.63 million active addresses in a single day.

Other Developments: The Snorter ($SNORT) trading bot presale on Solana has raised over $1.5 million, gaining attention for its AI-powered scam detection and automated trading features. Additionally, the $GUN token for the blockchain game Off The Grid expanded to Solana, leveraging its high-speed infrastructure.

Challenges: Despite strong fundamentals, Solana faces bearish trends for some ecosystem tokens like ATLAS and Jupiter (JUP), and there are concerns about validator clustering and regulatory scrutiny.