🔥 Solana Surges — Could Tokenization + ETF Approval Be the Perfect Storm?
Solana (SOL) has jumped 12% in the past 24 hours, briefly touching $200, fueled by growing institutional adoption and real-world asset tokenization milestones.
Key Drivers:
Institutional Inflows: DeFi Development Corp. (DDC) now holds over 1.3M SOL (~$250M) and earns $63K daily in staking rewards. Solana’s ~10% APY and active validator network give it a staking advantage over Bitcoin.
Capital Boost: DDC added 4,500 SOL in August after Cantor Fitzgerald’s $122.5M convertible debt raise. Since June, SOL’s per-share value is up 47%, per CEO Joseph Onorati.
Tokenization Milestone: CMB International tokenized its Hong Kong–Singapore Mutual Recognition Fund on Solana via DigiFT and OnChain, increasing market optimism.
ETF Catalyst:
Solana ETFs could win approval within two months. SEC is reviewing 75+ crypto ETF filings (including SOL, XRP, and ADA) with streamlined processes. With $26B already flowing into crypto ETFs this year, a Solana ETF could channel massive traditional capital inflows, potentially driving SOL to $250+.
Technical Outlook:
SOL has cleared $185, $190, and $195 resistance; next hurdles are $202–$205. Sustained closes above $205 could target $220, and breaking $222 may open the path to $244–$250. Indicators are bullish: MACD is positive, RSI rising without overbought signals, and Chaikin Money Flow shows strong buying. Supports lie at $194 and $186; a drop below $175 would weaken the bullish case.
Bottom Line:
With institutional demand, tokenization advances, and a looming ETF decision, Solana may be gearing up for a significant breakout.
