The post Wall Street Giant Bets Big Solana Price Surge Amid Inflation Fears appeared on BitcoinEthereumNews.com.

VanEck, one of the top Wall Street asset managers with over $100 billion in assets under management remains bullish that Solana price will rally to $520 in 2025. This optimism comes despite Solana’s struggle to reclaim $200 due to inflation concerns that have pushed the price down by 27% from its monthly high.  At press time, SOL trades at $174 after a marginal increase of 0.2%. Top funds and banks believe that despite this lackluster performance, Solana’s bull cycle is still intact.  Institutions Stay Bullish on Solana Price Despite Headwinds  Fund managers, banks, and top analysts have maintained their bullish projections on Solana even as the price faces downward pressure. VanEck, a crypto-friendly asset manager that has also filed for a Solana spot ETF, believes that SOL price could rise to $520 by the end of the year.  At the same time, Bitwise and Standard Chartered anticipate that Solana price could hit $750, while analysts such as Ansem and Borovik are anticipating a rally to $1,000.  Solana Price Prediction: Cryptorank Solana is likely to hit these targets if it resumes the impressive rally it recorded at the start of the year. Within the first three weeks of 2025, SOL gained by 74% to an all-time high of $294. However, over the past month, most of these gains have been wiped out.  Solana Inflation Rises: Impact on SOL?  On February 12, Solana implemented a new priority fee distribution proposal outlined in the Solana Improvement Document (96) (SIMD 96). This proposal has reduced the amount of SOL being burned daily from 17,700 SOL to 1,000 SOL.  SOL Burn: Blockworks SOL’s burn rate is down by 94% since this new fee plan came into effect. The reduction has led to Solana inflation rising by 30.5%.  Rising inflation means that more SOL tokens are…

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Filed under: News - @ February 20, 2025 11:16 pm