Solana (SOL) has surged 12% in the past 24 hours, briefly touching $200, driven by accelerating institutional adoption, tokenization breakthroughs, and growing anticipation of a Solana ETF approval.
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Institutional Inflows & Staking Advantage
DeFi Development Corp. (DDC) now holds over 1.3 million SOL, valued near $250 million, generating around $63,000 per day in staking rewards. With an annual yield of ~10%, Solana offers a staking advantage over Bitcoin, supported by robust validator activity.
In August, DDC added 4,500 SOL to reserves, funded by Cantor Fitzgerald’s $122.5 million convertible debt issuance. Since June, SOL Per Share has climbed 47%, signaling notable operational growth, according to CEO Joseph Onorati.
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Tokenization Milestones
CMB International, one of Asia’s leading asset managers, recently tokenized its Hong Kong–Singapore Mutual Recognition Fund on the Solana blockchain via DigiFT and OnChain. This marks a significant step in real-world asset (RWA) tokenization, boosting investor sentiment toward SOL.
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ETF Approval Countdown
Industry experts suggest Solana ETFs could receive approval within two months. According to Nate Geraci, President of NovaDius Wealth Management, the SEC is currently reviewing 75+ crypto ETF applications, including Solana, XRP, and Cardano, with a more streamlined approval path.
Crypto ETFs have already attracted $26 billion in inflows this year, reflecting strong institutional confidence. A green light for a Solana ETF could channel substantial traditional finance capital into SOL, potentially driving prices toward $250 and beyond.
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Technical Outlook
Breakouts: SOL has cleared resistance at $185, $190, and $195.
Next Key Levels: $202–$205, with a breakout above $205 targeting $220, and $222 unlocking a path to $244–$250.
Indicators:
MACD: Bullish momentum intact
RSI: Rising, not yet overbought
Chaikin Money Flow: Positive, showing strong buying pressure
Support Levels: $194 and $186; a drop below $175 could invalidate the bullish setup.
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Bottom Line
With institutional inflows, real-world asset tokenization, and a possible ETF approval on the horizon, Solana may be positioned for a major rally. Technical strength and favorable macro conditions could set the stage for SOL to test — and potentially break — all-time highs in the months ahead.
📌 Key Levels to Watch:
Resistance: $202–$205, $220, $244–$250
Support: $194, $186, $175
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