On August 13, 2025, Solana ($SOL ) surpassed the psychological mark of $200, despite potential sell-offs by major players. Lookonchain analysts recorded a transfer of over 226,000 SOL to exchanges — approximately $40 million:
- Wallet CMJiHu transferred 96,996 SOL ($17.45 million)
- 5PjMxa sent 91,890 SOL ($15.98 million) to Kraken
- HiN7sS deposited 37,658 SOL ($6.73 million) on Binance, realizing a profit of $1.63 million
Despite these sales volumes, the Solana price remains above $200, indicating strong demand from other market participants. About 33% remains until the historical maximum of $293.31, recorded on January 19 (CoinGecko data).
What drives the growth of Solana?
Expansion of access in Hong Kong
The OSL HK cryptocurrency exchange, which is licensed in Hong Kong, has opened trading for Solana for retail investors.
- From August 11, SOL/HKD and SOL/USD pairs are available in Flash Trade mode
- Pro Trade with the SOL/USD pair will start on August 19
Tokenization of the fund on the Solana blockchain:
The DigiFT project, in partnership with CMBI, has launched a tokenized version of a money market fund recognized by regulators in Hong Kong and Singapore. The fund operates on the Solana blockchain, which currently ranks 6th in market capitalization among cryptocurrencies.
Solana — a new currency for space:
Blue Origin, founded by Jeff Bezos, has started accepting cryptocurrency for space flight payments. The list of supported assets now includes $SOL , alongside Bitcoin, Ethereum, USDT, and USDC.
Institutional interest remains strong:
- DeFi Development Corp. (DDC) reported on August 12 that it owns 1.3 million SOL (~$250 million). In August, the company acquired an additional 4,500 coins.
DDC employs a model similar to Michael Saylor's strategy, earning profits from staking — around $63,000 a day at an annual yield of ~10%.
- The largest corporate holder of SOL remains Upexi, which increased its holdings from 735,692 SOL to over 2 million in July.$SOL .
