Solana rises 15% and returns to US$ 200 with treasury support
- Solana Recovers $200 After 15,4% Rise
- Altcoins post gains driven by institutional buying
- Companies accumulate more than US$675 million in SOL
The cryptocurrency Solana (SOL) has gained 15,4% in the last 24 hours, reclaiming the $200 level for the first time since July 24 and the second time since February. This move bolstered investor confidence and increased liquidity in the altcoin market.
JUST IN: Solana breaks above $200 after a 13% daily surge.
Institutional buying, led by Nasdaq-listed Upexi's $316M SOL position, and ETF optimism are tightening supply, while bullish technicals point to further upside ahead of the SEC's Oct 10 ETF deadline.
Altseason momentum… pic.twitter.com/FrCYgTEMyE
— Jessica Gonzales (@lil_disruptor) August 13, 2025
According to Vincent Liu, chief investment officer at Kronos Research, "the $200 level represents a key psychological and technical milestone for Solana, signaling renewed investor confidence and strengthening market liquidity." He noted that breaking this level tends to attract new buyers and could sustain a more prolonged upward momentum.
SOL has been performing well since the 2023 market lows, becoming one of the few cryptocurrencies besides Bitcoin to reach a new all-time high this cycle, in January. In recent months, its performance has outperformed Ethereum (ETH), leading to annual gains for the first time since September 2024.
ETH's recent surge above $4.700—its highest level since its all-time high in November 2021—also contributed to the altcoin market's momentum. In the last 24 hours, ETH gained 9,7%, while XRP, BNB, DOGE, and ADA rose 5,2%, 6,4%, 12,5%, and 13%, respectively. Bitcoin, meanwhile, advanced just 1,6% in the period.
Solana's strength may be linked to the growing accumulation of cryptocurrencies by corporate treasuries. Several companies have acquired large amounts of digital assets, including SOL, as part of their investment strategies.
On Tuesday, DeFi Development Corp., linked to the Solana ecosystem, revealed that it earns approximately $63.000 per day in "SOL-denominated revenue" from its 1,3 million token supply, valued at over $260 million. Total corporate holdings of SOL are now approaching $675 million, reinforcing the perception of solid institutional demand for the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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