Solana News Today: Solana Surges on Treasury Accumulation and ETF Inflows, Eyes $240 Rally as Support Holds

Solana (SOL) is experiencing renewed momentum as treasury accumulation and ETF inflows signal growing institutional and retail investor confidence. According to COINOTAG, DeFi Development Corp’s recent acquisition of 141,383 SOL tokens, bringing its treasury close to one million units, highlights strategic long-term interest in the asset. Simultaneously, the REX-Osprey SOL staking ETF (SSK) has surpassed $100 million in assets under management within 12 trading days, underscoring demand for regulated exposure to Solana [3]. These developments, paired with on-chain data showing treasury growth, suggest potential for a price rally toward $240, contingent on maintaining key support levels.

Technical analysis indicates that SOL’s immediate trajectory hinges on its ability to hold above $185, a critical support threshold. While the token encountered resistance at $209 recently, analysts note that sustained strength above $185 could enable a retest of this level and eventual progression toward $220, with $240 as a speculative target if momentum persists [3]. The 20-day exponential moving average (EMA) at $172 serves as an additional reference point, with a breakdown below this level potentially triggering a deeper correction. On the 4-hour timeframe, a dip below the 20-EMA suggests short-term profit-taking, but bulls remain optimistic as long as the $185 barrier holds firm.

Institutional activity reinforces the narrative of growing demand. DeFi Development Corp’s $5 million allocation for future purchases positions it to further bolster Solana’s treasury, while the REX-Osprey ETF’s rapid asset growth reflects broader market appetite for structured crypto products. These factors align with a broader trend of institutional adoption in blockchain ecosystems, particularly those offering high throughput and low latency, which Solana has emphasized as core strengths [3]. However, external variables such as macroeconomic conditions and regulatory shifts could influence short-term volatility.

Market sentiment remains cautiously optimistic, though analysts caution against overreliance on speculative forecasts. While some projections suggest Solana could reach $300 within the year, these estimates are not supported by the same data underpinning the $240 target [1]. The confluence of treasury growth and ETF inflows provides a factual basis for the $240 scenario, but traders are advised to monitor technical indicators and on-chain data for confirmation. The $200 level, reached for the first time on July 22, 2025, represents a psychological milestone that may influence near-term trading behavior [3].

The SoSoValue platform, tracking real-time crypto data and ETF trends, observed a consistent increase in inflows into Solana-related funds over the past two weeks, correlating with the token’s upward movement [2]. This trend mirrors broader institutional interest in blockchain infrastructure, though its long-term sustainability depends on continued innovation and adoption. For now, the focus remains on key price levels and the interplay between on-chain activity and market sentiment.

SOL’s potential to breach $240 is tied to its ability to maintain critical support levels and capitalize on favorable on-chain dynamics. Institutional participation, coupled with ETF demand, provides a foundation for optimism, but market participants must remain vigilant against volatility. As the crypto sector evolves, Solana’s trajectory will depend on a delicate balance of technical resilience, regulatory clarity, and macroeconomic stability.

Sources:

[1] Crypto Price Prediction: Solana Price Prediction to $300 ... [https://coincentral.com/crypto-price-prediction-solana-price-prediction-to-300-ethereum-to-4500-and-xrp-price-to-5-ozak-ai-to-1/]

[2] SoSoValue | Free Platform for Cryptocurrency Prices, ETFs ... [https://m.sosovalue.com/assets/etf/us-eth-spot]

[3] MLQ.ai | Stocks [https://mlq.ai/news/]