Solana News Today: Institutions Stake $1.72 Billion in Solana Amid Altseason Surge

Analysts are increasingly confident that Solana (SOL) and Chainlink (LINK) may outperform BNB in the coming months, despite a $900 price target for the latter. This assessment is supported by emerging technical indicators and a surge in institutional demand for Solana. The recent golden cross between SOL and Bitcoin has historically been a precursor to substantial price gains, with past occurrences in 2021 and 2023 leading to over 1,000% returns. Analyst Ran Neuner noted that this pattern is reemerging in 2025, suggesting a potential major move for Solana. The golden cross is reinforced by a broader altseason backdrop, characterized by a rotation of capital from Bitcoin to high-beta tokens, a trend that aligns with previous market cycles.

On the fundamental side, institutional demand for Solana has surged, with 13 entities collectively holding 8.277 million SOL, equivalent to $1.72 billion at the current price of $208.15 per token. Among these, Sharps Technology Inc. (NASDAQ: STSS) holds the largest stake at 3.4 million SOL, followed by Upexi Inc. (NASDAQ: UPXI) with 2 million SOL and DeFi Development Corp (NASDAQ: DFDV) with 1.42 million SOL. These institutional holdings highlight growing confidence in Solana’s long-term potential. Additionally, 585,059 SOL has been staked, generating an average yield of 6.86%, underscoring strategic capital deployment by these entities.

Technical indicators further support the bullish outlook for Solana. The Average Directional Index (ADX) for SOL is currently at 28, confirming a strong, albeit slow-moving, trend. The Relative Strength Index (RSI) stands at 60, indicating a bullish momentum without signaling overbought conditions. These metrics suggest that Solana may continue to rise by another 10-15% before encountering significant resistance. The Squeeze Momentum Indicator also points to a potential breakout, as traders face difficulty in pushing prices beyond current resistance levels. Such a breakout could signal the beginning of a multi-day or multi-week rally.

Meanwhile, Chainlink (LINK) also appears well-positioned to outperform BNB, given its robust smart contract infrastructure and growing adoption in decentralized finance (DeFi) and decentralized insurance sectors. Although no specific price targets for Chainlink were provided, the broader altseason environment and institutional interest in Solana suggest that other high-performance altcoins could benefit from similar tailwinds.

In contrast, BNB’s performance is being driven by a new $1 billion treasury initiative backed by Binance co-founder Changpeng Zhao’s family office, YZi Labs. This initiative, modeled after a similar venture by 10X Capital, aims to allocate capital to accumulate and hold BNB as a long-term reserve asset. While this strategy has shown success in the past, with 10X Capital securing $250 million in July, it remains to be seen whether it will be sufficient to outperform the growing institutional interest in Solana and Chainlink. BNB’s current market capitalization stands at $120.3 billion, making it the fourth-largest cryptocurrency by market cap.

As the crypto market continues to consolidate and rotate capital into high-beta tokens, the combined technical and fundamental factors for Solana and Chainlink suggest a strong case for outperformance in the near term. Analysts remain cautious, however, emphasizing the importance of monitoring market dynamics and institutional activity for further clarity.

Source: [1] Solana vs. Bitcoin chart points to explosive SOL price (https://cointelegraph.com/news/solana-vs-btc-chart-points-to-explosive-breakout-sol-price-300) [2] Institutions Hold $1.72 Billion In Solana, Strategic Reserve (https://finance.yahoo.com/news/institutions-hold-1-72-billion-183405203.html) [3] Solana Surge Leads Crypto Rebound—Where Does SOL Go (https://finance.yahoo.com/news/moon-doom-solana-surge-leads-194624680.html) [4] Binance's CZ family office backs another BNB treasury (https://cointelegraph.com/news/binance-cz-family-office-bnb-treasury-launch-us)