$SOL
Pullback Underway
SOL recently dropped ~8% in one day, sliding to around $147 from above $160. CoinDesk This shows short-term weakness, but there’s some stabilization around the $143–$144 zone. CoinDesk
Long-Term Optimism from Big Players
Standard Chartered projects SOL could reach $275 by end of 2025, and even $500 by 2029, citing its strong application use case. CoinDesk+1
VanEck is also bullish, forecasting as high as $520 by year-end, tied to Solana gaining more smart-contract market share. Brave New Coin
Strong Network Fundamentals
The Solana ecosystem is growing: active addresses are rising, and its DeFi TVL (total value locked) is climbing. Solana Radar
On-chain revenue is strong: 21Shares reports $2.85B in recent annualized network revenue, underlining real economic activity beyond speculative trading. CoinNews
The “Alpenglow” upgrade has improved performance, reducing transaction finality to ~100–150ms, which could make Solana even more attractive for high-speed apps. Solana Radar+1
Regulatory & Institutional Tailwinds
A big catalyst: Bitwise launched a spot Solana ETF (BSOL), potentially opening SOL to institutional capital.
