Solana News Today: Solana Surges 14% in 24 Hours, Hits $202 Amid Altcoin Momentum

Solana (SOL) has surged past the $200 threshold, marking a significant milestone as institutional interest and broader market optimism drive renewed momentum in the crypto space. This rally follows a dip to around $155 in late July and comes amid a broader altcoin season, where Solana is reclaiming attention as one of the most dynamic assets [1]. Over the past 24 hours, the price has increased by more than 14%, rising from approximately $175 to as high as $202 at the time of press [1]. This upward movement has also pushed the network’s market capitalization beyond $100 billion, reinforcing investor confidence and signaling a potential turning point in Solana’s performance [1].

The bullish sentiment is further reflected in on-chain and DeFi activity. According to data from DeFiLlama, the total value locked (TVL) on Solana has reached over 58 million tokens, the highest level in more than three years [1]. Additionally, the dollar value of assets locked on the network has exceeded $11 billion for the second time this year, matching the previous peak recorded in January [1]. These figures indicate that the Solana ecosystem is not only attracting more liquidity but also maintaining it, a critical sign for long-term growth and adoption.

Decentralized exchange (DEX) activity on Solana has also remained robust, with the network continuing to outperform Ethereum in terms of volume and user engagement for the tenth consecutive month [1]. This sustained activity underscores the platform’s appeal to traders and developers alike, positioning it as a key player in the evolving DeFi landscape.

Institutional adoption appears to be a key driver behind Solana’s recent gains. CoinGecko reports that Upexi, Inc. has emerged as the largest publicly traded holder of Solana, with 1.9 million SOL acquired at an average price of $168.63, currently valued at $319.5 million [1]. Close behind is DeFi Developments Corp, which owns 1.18 million SOL purchased at an average of $137.07, now worth $198.9 million, representing an unrealized profit of about $36.8 million [1]. Other publicly traded entities, including SOL Strategies and Torrent Capital, also hold significant positions, contributing to a collective Solana holding of over 3.5 million tokens valued at more than $591 million [1]. These developments highlight the growing institutional appetite for exposure to Solana and reinforce its position as a high-conviction asset.

Looking ahead, market expectations remain bullish. On prediction platform Polymarket, 84% of participants anticipate Solana reaching $210, while 43% believe the token could achieve a new all-time high before the end of 2025 [1]. Such forecasts reflect a strong consensus among crypto bettors and further validate the momentum currently underpinning the asset.

As of 1:34 pm UTC on Aug. 13, 2025, Solana is ranked sixth by market capitalization, with a 24-hour trading volume of $12.96 billion and a market cap of $108.96 billion [1]. The broader crypto market, meanwhile, is valued at $4.11 trillion with a 24-hour volume of $233.12 billion, and Bitcoin’s dominance remains at 58.39% [1].

Source: [1] Solana leads altcoin season rally, powers past $200 (https://cryptoslate.com/solana-leads-altcoin-season-rally-powers-past-200/)