Solana to $300? – Corporate giants pour millions into SOL
The post Solana to $300? – Corporate giants pour millions into SOL appeared on BitcoinEthereumNews.com.
Key Takeaways Solana flips the narrative with a 12% weekly rally amid ETF expectations and corporate treasury interest. Are there more gains ahead? Solana [SOL] price has shown remarkable resilience this week, outperforming Ethereum [ETH] and Bitcoin [BTC] by 12% and 7% respectively. The altcoin’s contrarian rally, as the rest of the market stalled or cooled off, has prompted analysts to believe that it could be setting the stage for further outperformance. In fact, the rally could be more pronounced towards the end of the year, noted Jake Ostrovskis, Options trader at market maker Wintermute. For Ostrovskis, the expected approval of Spot ETFs by October and increasing crypto treasury demand could be key catalysts for the altcoin. “Given a lack of large ETFs, the DAT narrative in SOL has the potential to be a key driver into year-end.” Source: X Will rotation favor SOL? SOL has lagged behind ETH since Q2, as evidenced by a 54% plunge in the SOL/ETH ratio. The dislocation was due to an uptick in crypto treasury interest, a new demand lifeline that lifted ETH’s market sentiment. Additionally, massive ETF inflows rallied ETH higher in Q2 and Q3 amid stablecoin and tokenization frenzy. Source: SOL/ETH, TradingView But SOL could soon have similar demand avenues, and this week’s 12% rebound in the SOL/ETH ratio expressed such expectations. In fact, a whale opened a $30 million long position on SOL and shorted ETH, underscoring the rotation thesis. That said, Sharps Technology, the latest crypto treasury firm, secured $400 million capital and could expand it to $1 billion for its SOL strategy. Similarly, existing public firms like DeFi Development Corporation doubled down on SOL with the latest $77 million bid. As of press time, the total SOL held by public firms has surged to 3.4 million tokens worth over…
Filed under: News - @ August 29, 2025 11:29 am