Solana (SOL) Price Surges 8.5% to $145.80 as Institutional Investors Pour Capital into the Network

Solana (SOL) has experienced a significant price surge over the past 24 hours, climbing 8.5% to $145.80 as institutional investors continue to pour capital into the network.

Solana (SOL) price has experienced a remarkable surge over the past 24 hours, soaring 8.5% to reach $145.80. This rally follows a series of positive developments within the Solana ecosystem, including increased adoption by major financial firms and ongoing network upgrades aimed at improving scalability.

Solana’s Surging Price Backed by Institutional Inflows and On-Chain Activity

According to recent reports, BlackRock (BLK.N) and other asset management firms have started to explore Solana-based financial products, signaling a broader shift toward mainstream adoption of the blockchain.

Moreover, Grayscale’s Solana Trust has seen a significant increase in inflows, reflecting rising confidence in the network’s long-term potential.

On-chain activity has also seen a notable uptick, with daily active addresses surpassing 1.2 million, marking a 20% increase compared to last month.

Solana’s total value locked (TVL) has climbed to $12.5 billion, showcasing a strong recovery from previous lows and highlighting the network’s growing DeFi ecosystem.

Solana Price Breaks Key Resistance Levels, Signaling Further Upsides

From a technical perspective, Solana has successfully broken through the $140 resistance level, which had previously acted as a barrier to upward momentum. The next key resistance stands at $150, and a breakout above this level could pave the way for SOL to test the $160-$165 range in the coming weeks.

Key support levels to watch include $135 and $128, as any pullback toward these zones could offer buying opportunities for traders looking to enter long positions.

Trading volume has also surged by 35% in the last 24 hours, signaling strong investor demand and momentum-driven price action.

Solana Ecosystem Expansions and Strategic Partnerships Fuel Bullish Sentiment

The bullish price action is also fueled by recent network developments. Solana Labs announced the launch of Solana Mobile 2.0, an upgraded version of its blockchain-integrated smartphone that aims to bring Web3 accessibility to a broader audience. This initiative aligns with Solana’s strategy to enhance real-world utility and increase adoption.

In addition, Visa (V6.V) and Mastercard (MA.N) have expanded their partnerships with Solana, integrating its blockchain for faster and more cost-efficient transaction processing.

These collaborations position Solana as a viable alternative to traditional payment networks, further cementing its role in the global digital payments ecosystem.

Industry analysts believe that Solana’s bullish momentum could continue if institutional adoption and on-chain activity remain strong. CryptoQuant analysts suggest that SOL could reach $180 in the near term if the current uptrend persists.

Meanwhile, Bloomberg’s crypto strategists have identified Solana as one of the top-performing assets for Q2 2025, citing its strong fundamentals and increasing developer activity.

Solana’s core development team is also focused on improving network efficiency with the upcoming Solana Improvement Proposal (SIP-42), which could further drive SOL’s valuation.

Moreover, macroeconomic factors such as the anticipated Bitcoin halving event and potential Federal Reserve rate cuts could have a positive spillover effect on Solana and the broader crypto market.

Solana’s recent surge is backed by fundamental strength, increased institutional adoption, and growing network utility. While short-term price corrections are possible, the overall trajectory remains bullish, with analysts predicting further upside potential. Investors should keep an eye on key resistance and support levels while monitoring upcoming developments that could influence SOL’s price movement.

As the crypto landscape continues to evolve, Solana’s position as a leading blockchain network is becoming increasingly solidified.