Global asset manager VanEck has forecast Solana (SOL) to reach $520 by the end of 2025, pointing to the rapid expansion of its smart contract ecosystem and its strong correlation with U.S. M2 money supply as key drivers.
After peaking at an all-time high of $295 in January, SOL tumbled to $95 before rebounding to $150 on April 23. The recovery mirrored broader market gains, largely led by Bitcoin’s rally.
According to Token Terminal, Solana recently outpaced BNB Chain and Tron in daily active users, signaling robust user engagement and growing dominance in the competitive layer-1 space.
Institutional interest is rising as well. DeFi Development Corporation (Nasdaq: JNVR) added 88,164 SOL worth $11.5 million, increasing its total holdings to 251,842 SOL valued at $34.4 million.
Analysts caution of a possible short-term correction to $145 or even $120, but maintain a bullish outlook if daily closes stay above the $150 threshold.
