Over the past four days, one of the crypto market’s big whales bought around USD 47 million of Solana — a move signalling strong confidence in the blockchain’s long-term value as 2025 draws to a close.
Price and technical analysis
Solana is currently trading around USD 194.08 and has formed an ascending triangle on the daily chart. The key resistance zone is USD 210–220; a break above it could open a move to USD 280–300 — a potential gain of 35–45%.
Strong network fundamentals
- Annual network revenue: USD 2.1 billion (+212% year on year)
- DeFi total value locked (TVL): up 13% to USD 4.1 billion
- NFT trading volume in October: up 30%
These figures show steady growth in Solana’s DeFi and NFT ecosystem.
Institutional adoption and global expansion
Fidelity Investments has given its US brokerage clients direct access to SOL, connecting more than 40 million retail accounts and USD 5.8 trillion of assets under management to the Solana market. Meanwhile, Hong Kong has approved the first Solana spot ETF.
Bullish signals in trading data
Solana’s weekly trading volume rose 22% while exchange reserves fell 6% — a pattern that usually coincides with accumulation by large investors, similar to the period in early 2025 when SOL climbed from USD 80 to USD 200.
With both institutional demand and on-chain data trending positively, analysts believe Solana could reach its USD 300 target in the short term if it breaks through USD 220 resistance.
