Solana News Today: Institutions Stake $1.72B in Solana, Eyeing 6.86% Yields and $400 Price Target

Some analysts and institutional investors have expressed optimism about the potential price movement of Solana (SOL), suggesting a possible rise to $400 within the next 90 days, driven by increasing adoption and strategic institutional investments in the network. The Strategic SOL Reserve has revealed that 13 entities collectively hold 8.277 million SOL, amounting to $1.72 billion at the current price of $208.15 per SOL. This represents 1.44% of Solana's total supply and underscores the growing interest from institutional players, including publicly traded companies like Sharps Technology Inc. and Upexi Inc., which hold significant stakes in the cryptocurrency. These holdings include staked assets yielding an average return of 6.86%, indicating a strategic approach to generating passive income while maintaining exposure to the asset's potential appreciation.

Further supporting the bullish sentiment, Sharps Technology recently announced a $400 million plan to build a Solana-based digital asset treasury, with its stock nearly doubling in value after the announcement. Similarly, DeFi Development Corp. disclosed a stake of 999,999 SOL, and Upexi Inc. reported a 15.3% increase in the USD value of its holdings, reaching $416.3 million. These developments suggest that institutional confidence in Solana is not only growing but also being actively translated into capital commitments, which could contribute to upward pressure on the token's price.

Amid this institutional buildup, there is growing interest in a new viral Layer 2 token, which some market observers believe could see gains of up to 45x. While specific details about this token remain scarce, the broader context of rising demand for high-performance, low-cost blockchain solutions points to the potential for innovative projects on Solana to capture market attention. The platform's architecture, which combines Proof of History (PoH) with Proof of Stake (PoS), allows it to process a large number of transactions per second while maintaining low fees, making it an attractive environment for developers seeking scalable applications. This technical advantage has already drawn projects in decentralized finance (DeFi), gaming, and NFTs to the Solana ecosystem, contributing to increased network activity and, consequently, rising demand for SOL.

The broader market context also supports the possibility of a short-term price rally for Solana. As of the latest data, the cryptocurrency has surged 8% in the past 24 hours, outpacing both Ethereum (ETH) and Bitcoin (BTC), while also posting a 20% gain over the past 90 days. The token's market cap stands at $109.3 billion, with a fully diluted valuation of $123 billion, reflecting growing confidence in its long-term utility. The circulating supply of SOL is currently 541 million, with the total supply at 608 million. Despite its recent gains, Solana still trades about 31% below its all-time high of $294.85, which was reached in January 2025, suggesting there is still room for further appreciation if the current momentum continues.

However, it is important to note that the cryptocurrency market remains highly volatile, and while the above factors support a bullish outlook for Solana, they do not guarantee the projected price movement. Factors such as macroeconomic conditions, regulatory developments, and shifts in investor sentiment can influence market dynamics in unpredictable ways. Additionally, the success of the viral Layer 2 token remains speculative, as it depends on adoption rates, use case viability, and the broader health of the Solana ecosystem. As always, investors should conduct thorough due diligence and consider their risk tolerance before making investment decisions.

Source: [1] Solana Price, SOL Price, Live Charts, and Marketcap (https://www.coinbase.com/price/solana) [2] Institutions Hold $1.72 Billion In Solana, Strategic Reserve ... (https://finance.yahoo.com/news/institutions-hold-1-72-billion-183405203.html) [3] Solana vs. Ethereum: Key Differences Explained (https://builtin.com/articles/solana-vs-ethereum) [4] Ethereum vs. Solana: Comparative Report (https://messari.io/compare/ethereum-vs-solana) [5] Solana vs. Ethereum: Which Ecosystem Is the Better Bet for ... (https://www.mitrade.com/insights/news/live-news/article-3-1063553-20250823)