In the last 24 hours, Solana (SOL) surprised the market with a 12% jump, nearing $200, driven by three key engines:
✅ Record institutional adoption
✅ Tokenization of real assets (RWA)
✅ Countdown to a historic crypto ETF
Institutions betting big
DeFi Development Corp. (DDC) now controls 1.3M SOL (≈ $250M) in staking, generating $63,000 daily in incentives.
With a 10% APY, Solana offers more return than simply holding Bitcoin, which attracts high-cap funds and investors.
The giant Cantor Fitzgerald added 4,500 SOL to its reserve following a $122.5M convertible debt issuance.
Tokenization that breaks borders
CMB International, one of Asia's largest asset managers, tokenized its Hong Kong–Singapore Mutual Recognition Fund on Solana, using the DigiFT and OnChain platforms.
This movement not only validates the technology but also demonstrates that Solana is ready to handle real financial assets on a global scale.
Solana ETF: the clock is ticking
The SEC is evaluating more than 75 crypto ETF applications, including Solana, XRP, and Cardano.
According to Nate Geraci (NovaDius Wealth Management), regulatory simplification could accelerate approval in less than 2 months.
Crypto ETFs have already attracted $26 billion in inflows this year. A SOL ETF could catapult its price towards $250+.
Quick technical analysis
Resistances overcome: $185, $190, $195
Next levels: $202–$205 → $220 → $244–$250
Supports: $194, $186 (key), $175 (breaking it nullifies bullish scenario)
MACD, RSI, and Chaikin Money Flow confirm strong buying pressure.
Conclusion
Solana is at a point where institutional adoption, advances in tokenization, and expectations for an ETF converge as rarely happens.
If the narrative materializes, we could see a new chapter in its history… but beware: ETF rejection could trigger a quick correction.