Solana Surges to $191 as $11M in Shorts Liquidated and Institutional Inflows Hit $39M
July 21, 2025 – News Report
Solana’s native token, SOL, extended its bullish rally on Monday, reaching a high of $191.56, driven by a combination of aggressive short liquidations and strong institutional capital inflows.
According to data from Solana-focused analytics platform SolanaFloor, over $11 million worth of short positions were liquidated in the past 24 hours, as SOL broke through a key resistance level around $190. The largest single liquidation, totaling $1.13 million, occurred at $188, highlighting a wave of bearish bets that were caught off guard by the upward momentum.
The surge in price was further supported by institutional interest. CoinShares’ Digital Asset Fund Flows Weekly Report, released July 21, reported $39 million in inflows into Solana-based investment products for the week ending July 19. This marks one of the strongest weekly inflow totals for SOL in 2025 so far, signaling growing investor confidence in the blockchain platform.
At the time of writing, SOL is trading at $191.34, reflecting a 6.55% increase over the last 24 hours, per CoinDesk data. The move builds on growing market optimism, with several technical and fundamental indicators pointing to sustained upward pressure.
Technical Breakdown
From July 20 at 09:00 UTC to July 21 at 08:00 UTC, SOL climbed 5.01%, moving from $180.77 to $189.82. During this period, trading ranged between $178.08 and $190.77, with the latter acting as a temporary intraday high.
Key support was established at $178.30, where a spike in volume—reaching 2.27 million—was recorded around 22:00 UTC on July 20. A significant resistance level at $183.20 was breached in early trading on July 21, as volume consistently remained above the daily average of 1.29 million.
In the final trading hour, from 07:09 to 08:08 UTC, SOL rose from $189.26 to $189.70, peaking at $190.77 just before 08:00 UTC, driven by a burst of activity that saw volume exceed 65,000 between 07:37 and 07:48 UTC.
