Solana (SOL) has recently seen a significant surge in value, fueled by a wave of positive developments. The approval of Canada’s first spot Solana ETFs sparked renewed institutional interest, pushing the price up by 4.5%. Momentum continued after former U.S. President Donald Trump announced plans to include Solana in a proposed national crypto reserve, which caused the token to jump over 20%. Analysts are optimistic, predicting SOL could reach $500 by year’s end, thanks to its growing DeFi presence and thriving NFT ecosystem. Despite ongoing market volatility, Solana’s fast, low-cost network and expanding developer community make it a strong competitor among top cryptocurrencies. This upward trend highlights Solana’s increasing relevance in both financial markets and blockchain innovation.
