Solana Price Hits $190 — Will SOL Break the $200 Level?
The price of Solana (SOL) cryptocurrency has increased by nearly 7% over the past 24 hours, surpassing the $190 mark for the first time since February 16, 2025.
Over the past week, SOL has gained 13.5%, and 34.5% over the past month. At the time of writing, SOL is trading at $191.05, with daily trading volume up 69.71% to $7.89 billion.
According to CoinMarketCap, Solana’s market capitalization exceeded $102.79 billion, allowing it to overtake Intel (NASDAQ: INTC) in the global market value rankings.
In this context, market analyst Satoshi Flipper — who accurately predicted the surge to $190 on July 17 — believes SOL could approach $280.
Much of the market optimism stems from the debut of the REX-Osprey Solana ETF on July 14, which recorded $33 million in trading volume on its first day.
In addition, there is growing discussion about the potential approval of a spot Solana ETF in the United States, with Polymarket users estimating the probability of approval by July 31 at over 99%.
Institutional demand is also rising; for instance, on July 10, DeFi Development Corp. acquired 153,225 SOL worth $23.7 million, while Upexi Inc. reported SOL holdings valued at $273 million.
See also: "PENGU’s 385% Surge Pushes Pudgy Penguins to Second Place in NFT Rankings"
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