**Solana Update – 17 August 2025**
\$SOL
is trading around \$193, showing a bullish weekly pattern that could lead to a retest of the previous high near \$294.
**Key Highlights:**
* **Institutional & Whale Activity:** Major holders are actively accumulating and staking SOL, signaling confidence.
* **ETF Developments:** The Solana staking ETF (\$SSK) saw record inflows, and spot ETF filings are progressing with favorable prospects.
* **Fundamentals:** DeFi TVL up 30%, app revenues up 211%, and real-world asset tokenization reached \~\$391M.
* **Technical Outlook:** Support holds at \$175–\$180; a breakout above \$205.54 could target \$250–\$260.
* **Market Trends:** Solana remains a leading Layer-1 blockchain, though investors are beginning to explore emerging projects like Remittix.
**Conclusion:**
Strong technical signals, institutional interest, and solid fundamentals point to potential upside, with a breakout above \$205 likely to trigger further gains. Capital movement toward new projects should also be monitored.
\$SOL