Solana News Today: Institutional Bet on Solana Ignites Bullish On-Chain Firewall

Solana (SOL) is set for a potential surge into the fourth quarter of 2025, with analysts and institutional players positioning the asset for a breakout. Current market dynamics suggest that Solana’s price has outperformed major rivals like Ethereum and Bitcoin, with the token surging 8% since yesterday and climbing 20% over the past 90 days. At $202.05, SOL has a market capitalization of $109.30 billion and is ranked as the sixth most popular cryptocurrency on Coinbase. The token remains 31% below its all-time high of $294.85, creating room for further appreciation, especially if recent institutional activity and on-chain developments continue to gain momentum.

Institutional interest in Solana is intensifying, with several major firms positioning themselves for a potential rise in the token. Pantera Capital is leading a $1.25 billion effort to establish a Solana treasury, while Sharps Technology recently announced a $400 million plan to build a Solana-based digital asset treasury. These moves, coupled with a growing number of corporate treasuries investing in Solana, indicate that institutional confidence in the asset is on the rise. Additionally, VanEck has filed for the first U.S. Solana staking ETF, which could significantly increase demand for the token if approved by the SEC. Analysts estimate a 90%+ chance of approval by mid-October, which would mark a pivotal moment for Solana’s adoption and valuation.

On-chain metrics also reflect a strong demand floor for Solana, particularly in the $190–$200 range, where heavy whale accumulation has been observed. Large investors are adding positions, reinforcing a bullish outlook for the token. According to trading platforms like Binance and OKX, futures open interest has increased by 2.8%–2.9%, signaling growing leveraged bets on upside continuation. Solana’s daily trading volume has surged 176% compared to last week’s average, indicating increased liquidity and market participation. The current annualized premium for perpetual futures sits at 10%, which, while not excessively bullish, suggests a balanced and stable demand environment for the token.

Layer Brett (LBRETT), an Ethereum Layer 2 project inspired by meme culture, is also gaining traction in the crypto market. With a total presale value surpassing $700,000, LBRETT is drawing attention from investors looking to capitalize on the next big opportunity in the meme coin space. Unlike traditional meme tokens, LBRETT leverages Ethereum’s Layer 2 infrastructure to offer faster transactions, reduced gas fees, and high staking rewards—features that set it apart from competitors like Dogecoin and Shiba Inu. Early buyers can purchase LBRETT at $0.0047, with staking rewards reaching as high as 55,000% APY for initial participants. The project’s transparent tokenomics and decentralized nature have fueled rapid adoption, with community-driven campaigns and NFT integrations enhancing its appeal.

The growing popularity of LBRETT is partly attributed to Solana’s recent performance, which has drawn attention to high-utility Layer 2 solutions. As Solana’s price moves closer to $250, investors are increasingly turning to projects like LBRETT, which offer not only meme-driven appeal but also real-world scalability and DeFi integration. This trend is supported by the broader market’s appetite for innovation and efficiency, which LBRETT is addressing through its Ethereum-based infrastructure. With a fixed supply of 10 billion tokens and a roadmap that includes full DAO governance and cross-chain compatibility, LBRETT is positioning itself as a serious contender in the rapidly evolving crypto landscape.

In conclusion, the confluence of strong on-chain activity, institutional backing, and favorable regulatory developments is creating a bullish environment for Solana. While the token still faces resistance at key levels, the growing interest in Solana-based treasuries and potential ETF approvals provide a clear catalyst for a sustained rally. Meanwhile, Layer Brett is capturing investor attention with its unique blend of meme culture and blockchain utility, positioning itself as a high-potential investment in the current crypto bull run.

Source: [1] Solana Price, SOL Price, Live Charts, and Marketcap (https://www.coinbase.com/price/solana) [2] SOL Rally To $250 May Happen In 2025 (https://cointelegraph.com/news/sol-could-rally-to-250-if-three-key-factors-align) [3] Solana (SOL-USD) Price Forecast - Trading News (https://www.tradingnews.com/news/solana-sol-usd-price-forecast-whale-accumulation-and-etf-buzz-push-sol-toward-295-usd) [4] Ethereum L2 Layer Brett Hits $700K In Presale - Yahoo Finance (https://finance.yahoo.com/news/inspired-pepe-ethereum-l2-layer-170500693.html) [5] Best Crypto Presale Right Now? Experts Say Layer Brett ... (https://www.mitrade.com/insights/news/live-news/article-3-1063798-20250823) [6] Solana Price Target of $250 Raises Discussion on ... (https://www.tribuneindia.com/partner-exclusives/solana-price-target-of-250-raises-discussion-on-potential-rally-for-layer-brett/)