The post Bullish Pattern and Stablecoin Boom Signal SOL Rally to $220 appeared on BitcoinEthereumNews.com.

Solana’s $13B stablecoin boom, rising TVL, and institutional accumulation point to strong momentum and a potential rally to $220. Technical patterns like the bull flag and steady transaction growth signal continued strength in Solana’s ecosystem. After the recent Solana whale activity surge, Crypto News Flash (CNF) highlighted that Solana smart whales made a major move by accumulating $18.5 million worth of tokens during Solana’s volatile price. As of now, Solana (SOL) is capturing significant attention in the crypto world, with recent developments indicating a potential rally towards $220. Let’s delve into the factors contributing to this bullish outlook. As highlighted in a recent X post, it was stated that stablecoins on Solana recently surged past $13B in issuance, setting a new ATH. Stablecoins on Solana recently surged past $13B in issuance, setting a new ATH@calilyliu on why Solana is purpose-built for moving digital dollars at internet speed pic.twitter.com/WYPPg0LEG6 — Solana (@solana) May 5, 2025 According to the recent institutional interest in Solana is on the rise. DeFi Development Corp has recently added 82,000 SOL to its holdings, bringing its total to over 400,000 SOL, valued at more than $57 million. Similarly, SOL Strategies has acquired 122,524 SOL for $18.25 million through new financing. These substantial investments underscore growing confidence in Solana’s long-term potential. Stablecoin Market Cap Hits New High Solana’s stablecoin market capitalization has soared by 156% in 2025, reaching an all-time high of $13 billion. This surge reflects increased demand for stablecoins within the Solana ecosystem, which are integral to decentralized finance (DeFi) activities. Total Value Locked (TVL) and Transaction Volume Surge Some data revealed that the total value locked (TVL) on the Solana network has grown from $6.1 billion on April 9 to $7.65 billion by May 6, marking a 25% increase in less than a month. Additionally,…

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Filed under: News - @ May 7, 2025 7:23 pm