Solana shares rise 10.21% after-hours as capital rotates into altcoins amid institutional accumulation.

Solana surged 10.21% in after-hours trading, driven by a rally in altcoins amid Bitcoin’s consolidation and growing institutional demand for the network. The altcoin resurgence reflects capital rotation into high-risk assets as macroeconomic uncertainty peaks, with Solana and XRP gaining nearly 10% and 7%, respectively, over the past week. Institutional positioning in Solana has intensified, with firms like Forward Industry holding $1 billion in SOL and the Firedancer validator upgrade enhancing network scalability. On-chain metrics, including $900 million in stablecoin inflows and rising daily active wallets, further underscore real-world adoption. Technical analysis also highlighted Solana’s rebound from the 21EMA, reinforcing bullish momentum toward $156. These factors—market sentiment, institutional accumulation, and technical strength—collectively fueled the after-hours rally.