Solana News Today: Solana Surges 5.64% to $199.64 on ETF Launch and Corporate Accumulation

Solana (SOL) has surged nearly 6% to cross the $200 threshold, reclaiming its high shortly after its market cap surpassed $105 billion. This marks the first time this year that the token has managed to reclaim its previous January high, crossing over the $200 level. However, the peak did not last long, and the token has since suffered a slight dip, bringing it back down to the $199 mark. At the time of reporting, SOL has surged by 5.64% in the past 24 hours, currently trading at $199.64, only a few cents short of the $200 threshold.

This boost in value has also led to an increase in the token’s daily trading volume. The 24-hour trading volume has jumped nearly 100% compared to the previous day, hitting $32.6 billion on July 22. This significant increase in trading volume indicates a heightened interest and activity in the Solana ecosystem.

Solana’s ongoing rally contrasts with other major tokens, which have experienced a downturn in performance. In the past 24 hours, SOL has been riding a 5% high. Meanwhile, in the past week, the token has soared by 21.9%. In the past month, SOL has seen a much larger boost in its value by 46.8%. Its current price stands 32% below its previous all-time high of $293.31 from January 19, 2025.

The rally is believed to be sparked by the newly launched REX-Osprey SOL + Staking ETF, which has surpassed $100 million in assets under management, reaching as high as $101.7 million as of July 18, 2025. In addition, corporate accumulation of SOL has also seen an uptick, with companies like SOL Strategy, DeFi Development Corp and other firms accelerating their efforts. This increased institutional interest and investment in Solana could be a significant factor driving the token’s recent price surge.

Solana’s market cap broke through the $100 billion threshold on July 21, the first time the token’s market cap jumped as high as $100 billion since January. However, it has since bounded even higher by nearly 10% on July 22, reaching $105.9 billion. This significant increase in market cap further solidifies Solana’s position as one of the leading cryptocurrencies in the market.

In summary, Solana’s recent price surge and increased trading volume indicate a heightened interest and activity in the Solana ecosystem. The token’s ongoing rally, sparked by the launch of the REX-Osprey SOL + Staking ETF and increased corporate accumulation, further solidifies Solana’s position as a leading cryptocurrency. However, it is important to note that the token’s price is still 32% below its previous all-time high, and the market remains volatile. Investors should exercise caution and conduct thorough research before making any investment decisions.