Cryptocurrency community abuzz: Solana (SOL) earns popularity rise - learn the reasons!
Solana (SOL), the fast-growing cryptocurrency, is currently being closely watched by traders as it hovers near a key resistance zone between $240 and $250. If Solana manages to break through this barrier, it could trigger fresh momentum in the market.
In September 2025, a significant shift occurred as Forward Industries, Sharps Technology, Defi Dev Corp, Upexi Inc., Galaxy Digital, and 11 other companies listed Solana (SOL) on their balance sheets. This strategic move aimed to build digital asset treasuries, capitalising on growing institutional interest in the cryptocurrency. Notably, Forward Industries alone announced a $1.65 billion investment led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with the purchase of 6.8 million SOL tokens to anchor its capital strategy around Solana.
The rise in Solana's assets under management can be attributed to massive institutional fund flows into Exchange Traded Funds (ETFs) linked to Solana (SOL). This influx of capital has propelled Solana to become a serious competitor to Ethereum (ETH) due to its high speed and scalability. Solana is currently processing over 6 billion daily transactions, positioning itself as the ideal settlement layer for large-scale financial transactions.
Galaxy Digital, a major player in the industry, is among the companies that own Solana (SOL). The CEO of Galaxy Digital, Mike Novogratz, has praised Solana's exceptional speed, suggesting that the technology could support the next generation of global markets. His sentiment is echoed by many investors, with investor sentiment towards Solana being very bullish yet realistic.
In the last week, Solana-related funds recorded daily inflows of $145 million, an all-time high. At least 17 companies own a total of 17.1 million SOL, valued at over $4 billion. This surge in corporate adoption suggests that Solana (SOL) may be setting itself up for the next big crypto rally.
However, maintaining support in the $220-$230 range is crucial to avoid a short-term price drawdown. On-chain analyst Ali Martinez has a near-term price target of around $360, while crypto investor Ted Pillows projects a potential price increase to $1,000 in this cycle.
As of now, Solana (SOL) is priced at Rp 3,890,535. With its unparalleled transaction speed, growing DeFi ecosystem, and scalability, Solana continues to attract the attention of both institutions and individual investors alike. As the cryptocurrency market evolves, Solana (SOL) is poised to play a significant role in shaping its future.
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