Solana Breaks $233 as Institutional Treasury Holdings Surge Past $1 Billion Mark
Solana (SOL) has risen above $233, a 3.3% gain in the last 24 hours, as more and more institutions start to use it. The increase comes at a
Quick overview
- Solana's price has risen to $233, reflecting a 3.3% gain in 24 hours due to increasing institutional adoption.
- Corporate treasuries now hold over 4.67 million SOL tokens, valued at more than $1 billion, indicating a shift in institutional cryptocurrency strategies.
- Major companies like Upexi and BIT Mining are expanding their Solana holdings, contributing to a robust institutional presence in the ecosystem.
- Technical analysis suggests strong support for SOL above $230, with potential price targets of $285 to $320 in the medium term.
Solana SOL/USD has risen above $233, a 3.3% gain in the last 24 hours, as more and more institutions start to use it. The increase comes at a time when corporate treasuries possess more than 4.67 million SOL tokens, worth more than $1 billion. This shows that institutional cryptocurrency strategy is changing.
Major Solana Treasury Expansions Fuel Institutional Confidence
The latest rise in prices happened at the same time as major treasury expansions by important actors in the Solana ecosystem. Upexi, a company listed on the Nasdaq, has greatly grown its Solana holdings to more than 2 million tokens, which are currently worth more than $456 million. The company’s strategic posture has paid off, with its adjusted SOL per share measure rising 126% to $4.37, up from $1.93 after recent capital optimizations.
BIT Mining has also put more money into Solana, almost increasing its stake to 44,000 SOL coins worth almost $9.9 million. The company is getting ready to change its name to SOLAI Limited and has big intentions, such launching an AI-native stablecoin named DOLAI on the Solana blockchain.
Galaxy Digital, Jump Crypto, and Multicoin Capital have put together a record-breaking $1.65 billion private placement in Forward Industries Inc. (FORD). This will create the world’s largest Solana digital asset treasury strategy. This implementation of institutional-grade infrastructure marks a turning point for SOL’s integration into institutions.
SOL/USD Technical Analysis Points to Continued Strength
From a technical point of view, Solana’s current price action at $233 shows that there is strong support above the psychological threshold of $230. The coin has showed amazing strength, staying on its upward path even while the market as a whole has been unstable. Important technical indications point to:
- Strong Support Base: The $225-$230 area has been an important support zone, with several successful tests in the last few sessions.
- Volume Profile: Institutional buying has made a robust volume profile, with a lot of buying happening in the $210–$235 region.
- Momentum Indicators: The RSI readings are still in a healthy range of 58 to 62, which means there is possibility for more higher without going into overbought territory.
The recent accumulation of institutional treasuries has caused a supply squeeze effect, as long-term holders take large sums of SOL out of active trade circulation. This dynamic usually helps prices keep going up throughout the medium run.
Blockchain Fundamentals Drive Long-term Value Proposition
The price of Solana is supported by strong blockchain fundamentals. The network handled more over 8.9 billion transactions in the second quarter of 2025 alone, and it supported around $3 billion in daily decentralized exchange volume. Solana has made more over $1.1 billion in network revenue this year, which is 2.5 times larger than Ethereum.
For 11 months in a row, the ecosystem’s apps have brought in more money than any other type of crypto, with fees totaling over $4 billion this year. Each of the apps, including Pump.fun and Axiom Pro, has made more than $50 million in income in the last 30 days. This shows that the platform can host very successful decentralized apps.
Performance data still show that Solana is in a good position to compete, with a theoretical throughput of 65,000 transactions per second and an average cost of just $0.00025 per transaction. This is a lot more efficient than Ethereum, which has 30 TPS and an average charge of $2.93.
Solana Price Prediction: Path to $300 in Q4 2025
Several price forecasts for SOL come up based on current trends in institutional adoption, blockchain performance measures, and technical analysis:
- In the next 30 to 60 days, SOL seems like it will test resistance levels between $250 and $265. The next big psychological hurdle is at $275. During any corrections, institutional treasury buildup should give considerable support.
- In the medium term (Q4 2025), the combination of the Forward Industries treasury deployment, more and more companies using Solana, and the developing developer community around it point to a feasible target range of $285 to $320. The $300 mark is a big psychological milestone that could get more institutional investors interested.
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