Solana News Today: Solana Surges 35% on Institutional Inflows and SEC ETF Approval Boost

Solana (SOL) has shown renewed strength in mid-July 2025, following a 35% price rally that pushed the token beyond $204 before retreating to $186 [6]. The recent price movement has been attributed to growing on-chain activity and inflows of institutional capital, which have bolstered investor confidence despite broader market corrections [6]. A key development in the regulatory landscape has also played a role—on July 30, the U.S. Securities and Exchange Commission (SEC) approved the “direct swap” model for cryptocurrency ETFs, triggering a surge in staking activity. Investors staked 4.1 million SOL in a single day, bringing the total number of locked SOL coins to 401.9 million, a 1% increase from the previous day [1]. This shift in capital allocation has reduced circulating supply on exchanges, easing short-term selling pressure and reinforcing long-term holding positions [1].

The technical indicators for Solana reflect mixed signals. After peaking at $210 in early July, the price has moved laterally within a compressed Bollinger Band range. The 20-day middle line at $178.71 is currently a critical support level. If bulls manage to hold this level, the price could test the upper band resistance at $202.37, potentially setting the stage for a retest of the $200 level in August [1]. However, the MACD indicator has dipped below its signal line, favoring sellers, and a daily close below $175 could disrupt the bullish structure, pulling the price down to the $155–160 range, aligning with the lower Bollinger band support zone [1].

Solana’s resilience is underpinned by its scalable infrastructure and cost-effective transaction model, which continue to attract both retail and institutional investors [1]. The network is also expanding its protocols with a vision to build a foundational layer for internet-based capital markets by 2027 [6]. This long-term strategic focus adds to the coin’s appeal as an infrastructure play in the evolving crypto market.

The broader macroeconomic environment remains a wildcard. Rising interest rate uncertainty and risk-off sentiment in equities could delay or dampen further gains for Solana, as well as other digital assets [1]. However, the coin’s structural advantages, including its developer ecosystem and DeFi infrastructure, position it well to outperform during a potential market recovery.

In parallel, XRP has seen a more aggressive 40% rally since early July, briefly surpassing Solana in market momentum [3]. XRP’s price is currently near $3.16, having surged beyond $3 mid-month before consolidating. Technical indicators suggest the asset could retest the $3.50 resistance level. This momentum is closely linked to expectations of regulatory clarity and the potential approval of an XRP-based ETF [1].

Retail traders are also showing interest in emerging projects like MAGACOIN FINANCE, which is in its presale phase and has drawn comparisons to past breakout tokens like SHIBA INU and DOGECOIN. While early interest is strong, the long-term viability of such projects remains unproven [1].

Internally, Solana has faced some turbulence. Co-founder Anatoly Yakovenko recently drew criticism for controversial remarks on meme coins and NFTs, sparking backlash from parts of the community [5]. Additionally, the token has mirrored broader altcoin trends, with profit-taking and short-term volatility creating uncertainty for traders [7].

Ecosystem developments have also gained traction. A new launchpad aimed at curbing bot activity in the memecoin space has been introduced, addressing concerns around market manipulation and improving trust [9]. Furthermore, Injective (INJ), a key player on the Solana network, saw a 5% price increase following the filing of a staked ETF by the Chicago Board Options Exchange (Cboe) [4].

Overall, Solana’s July performance has been shaped by a combination of institutional interest, ecosystem expansion, and broader macroeconomic dynamics. While XRP’s regulatory outlook offers a different type of catalyst, both assets remain central to crypto market discussions as investors prepare for potential moves in the third quarter [1].

Source:

[1] Crypto Price Latest Prediction: XRP and Solana are Set to Explode, [https://coinmarketcap.com/community/articles/6889bd0988079a5c3275db0f/](https://coinmarketcap.com/community/articles/6889bd0988079a5c3275db0f/)

[3] XRP Overtakes Solana in a Bold Move for Crypto Futures, [https://cryptorobotics.ai/learn/trading/xrp-overtakes-solana-crypto-futures-trading/](https://cryptorobotics.ai/learn/trading/xrp-overtakes-solana-crypto-futures-trading/)

[4] Solana News Today: Injective Price Jumps 5% After Cboe Files Staked ETF, [https://www.ainvest.com/news/solana-news-today-injective-price-jumps-5-cboe-files-staked-etf-2507/](https://www.ainvest.com/news/solana-news-today-injective-price-jumps-5-cboe-files-staked-etf-2507/)

[5] Crypto Community Blasts Solana Founder Over This Meme Coin Controversy, [https://www.mitrade.com/au/insights/news/live-news/article-3-994926-20250729](https://www.mitrade.com/au/insights/news/live-news/article-3-994926-20250729)

[6] Solana (SOL) Consolidates Near $180 as Ecosystem Partnerships Drive Momentum, [https://blockchain.news/postamp?id=20250731-solana-sol-consolidates-near-180-as-ecosystem-partnerships-drive-momentum](https://blockchain.news/postamp?id=20250731-solana-sol-consolidates-near-180-as-ecosystem-partnerships-drive-momentum)

[7] Profit Taking Continues To Weigh On Cryptocurrencies, [https://seekingalpha.com/article/4805723-profit-taking-continues-to-weigh-cryptocurrencies?source=generic_rss](https://seekingalpha.com/article/4805723-profit-taking-continues-to-weigh-cryptocurrencies?source=generic_rss)

[9] A Game-Changing Solana Launchpad to Combat Bot Activity in the Memecoin Market, [https://www.okx.com/en-us/learn/orca-wavebreak-solana-bot-memecoin](https://www.okx.com/en-us/learn/orca-wavebreak-solana-bot-memecoin)