Solana Price Eyes $200 Milestone in 2025 as Momentum Builds: Upward Trend
Solana (SOL) is surging, gaining 6.12% in the past 24 hours to trade at $124 on April 12, 2025. With daily trading volume exceeding $4 billion, momentum is building across technical and fundamental fronts.
A key catalyst behind the rally is growing speculation over a potential Solana spot ETF. The appointment of former SEC commissioner Paul Atkins—widely viewed as crypto-friendly—as the new chair of the U.S. Securities and Exchange Commission has reignited market hopes for altcoin ETF approvals.
According to Polymarket data, the probability of a Solana ETF approval by 2025 has jumped to 76%, up from 65% earlier this year. Asset managers including Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital have all submitted applications.
