๐ Current Price and Technical Trend
SOL is trading today at around $158.7, having lost about -5% over the last 24 hours, and its value has declined by approximately -15% to -16% over the past week.
The current price is about 47% lower compared to its all-time high (late January 2025, around $295).
๐ฐ Latest News Highlights
๐ Wall Street and the Launch of the First ETF Linked to Solana
The REX-Osprey Sol + Staking ETF (ticker SSK) has been launched on the US Cboe Exchange, marking the first ETF providing investors with direct exposure to SOL along with staking benefits of an annual yield of ~7.3%, albeit with high fees of ~1.4% annually.
Similar deals from institutions like Fidelity and VanEck are expected soon, giving SSK a preliminary advantage, but it may face pricing pressure and potential competition.
๐ข Adoption of Solana by Major Financial Institutions
A partnership has been formed between R3, Solana Foundation, and several major global banks such as HSBC and Bank of America to adopt the infrastructure of the Solana network in their operations, symbolizing an increasing trend towards adopting public blockchains as alternatives for issuing and efficiently liquidating assets.
๐ผ Major Investments in SOL
BIT Mining Ltd. announced that it seeks to raise between $200 and $300 million in stages to purchase SOL and convert its reserves to the currency, resulting in a doubling of its stock price in the US market after the announcement.
๐ Shifts in investors and redirecting their focus to homogeneous Smart Contracts
As Ethereum's momentum slows, analysts have noted that 'smart money' market makers have started shifting towards coins like Solana, Dogecoin, and Remittix in search of faster growth opportunities in the short term.
โ ๏ธ Academic Research on Network Security
Recent research papers have been published on security analysis tools for smart contracts on Solana, including:
SolRPDS: A database for analyzing rug-pull cases in DeFi on Solana that includes thousands of suspicious or fraudulent contracts.
SolPhishHunter: A monitoring and classification tool for specialized phishing patterns on the Solana network, having detected over 8,000 cases leading to losses of ~1.1 million dollars.
๐ Technical Forecasts and Price Analyses
Moderate analysis networks like Binance expect that the price of SOL will not exceed $159 by the end of the week, with technical indicators showing a misalignment of their EMAs and a positive MACD crossover suggesting a possible rise to $185โ195 during August if support stabilizes around ~$170.
Long-term forecasts indicate the possibility of the price reaching:
~$200 by 2026โ2030 according to some Binance data analysis.
And even $500 or more before 2030โ2050 in a developer growth scenario, expansion means (like the Eclipse project built on Solana), and global Web3 adoption.
๐ง Summary of the Evaluation
1. The regulatory environment is preparing to include Solana in traditional investment products through ETFs and innovative structures.
2. Financial institutions are gradually looking for a scalable and integrable network like Solana, through major partnerships such as with R3.
3. Security concerns still exist, especially with research highlighting rug-pull and phishing cases, but modern tools have started to address this.
4. The current price (around $158โ159) reflects a correction after the January peak, with the possibility of rebounds and movements towards $185 if momentum stabilizes during August.
5. Long-term targets ($200โ500+) depend on ecosystem growth, institutional adoption, and technological innovations in the following layers.