Solana Blasts Past $100B Market Cap—$200 Price Target Now in Sight

Solana isn't just climbing—it's moonshot-ready. The blockchain heavyweight just shattered the $100 billion valuation barrier, with traders now eyeing a decisive breakout above $200. Here's why this isn't just another crypto pump.

### The FOMO is Real (and So Are the Liquidity Walls)

Market depth charts show buy orders stacking like skyscrapers at the $180-$190 range. Whale wallets? Awake and accumulating. Meanwhile, legacy finance analysts still can't decide if this is 'digital gold' or a speculative bubble—classic hedge fund paralysis.

### Network Metrics Don't Lie

Daily active addresses hit a 90-day high as NFT traders flee Ethereum gas fees. DeFi TVL? Up 42% quarter-over-quarter. Solana's proving it's more than just 'the fast chain'—it's becoming the default playground for degens and builders alike.

### The Cynical Take

Wall Street won't care until the first SEC-approved SOL ETF drops. By then, retail will have front-run them—again. Price prediction? If Bitcoin holds $60K, SOL doesn't just hit $200. It redefines the altcoin hierarchy.

Solana just crossed a  $100 billion market cap mark. The token is currently trading at $191, up 6% in the last 24 hours, as investor momentum continues to shift toward high-quality assets in the altcoin space. With capital rotating out of Bitcoin, top altcoins like Ethereum, Dogecoin, and Cardano are also seeing renewed interest. 

Solana DeFi TVL Hits $10.26B

Solana’s DeFi ecosystem is booming, with total value locked (TVL) jumping to $10.26 billion — the highest in nearly six months. This surge is largely driven by SOL’s price rally. Leading the pack are Jito Sol ($3.09B), Jupiter Exchange ($2.90B), and Kamino Finance ($2.89B).

REPORT: @Solana DeFi TVL has surged to $10.26 billion for the first time in 23 weeks, driven by $SOL price appreciation.

Top DeFi protocols:
> Jito Sol: $3.09 billion
> Jupiter Exchange: $2.90 billion
> Kamino Finance: $2.89 billion pic.twitter.com/2fWMAyEdfG

Data from the Solana floor shows that over the past week, $180 million has been bridged to Solana from other blockchains, with $90 million coming from ethereum alone. That is a 44% increase compared to the previous week, which shows growing interest and inflows into the Solana ecosystem.

Also, Solana-based perpetual trading platforms are seeing more solana liquidations on-chain than all centralized exchanges combined during times of high market activity. This is a sign of shifting trader behavior.

In the past 24 hours alone, over $11 million in SOL short positions were liquidated as the token climbed to $191. The largest single liquidation hit $1.13 million at $188, showing just how fast sentiment is flipping.

Retail Interest and Short Squeeze Push SOL Toward $200

Solana is also seeing strong retail interest, with open interest in SOL futures jumping to $9.5 billion from $7.1 billion. Trading volume also jumped 60% in the past day to $26.3B. With more short sellers getting liquidated, the price is being pushed higher, possibly past $200 soon.

Strong Inflows Keep Solana in the Spotlight

CoinShares report reveals that Solana-based digital asset products like ETFs, funds, and ETPs saw $39.1 million in inflows last week. While Bitcoin led overall with $2.19 billion, Solana inflows were also notable among other altcoins. Solana also continues to lead all Layer 1 and Layer 2 blockchains in network revenue, now for the 17th straight week, highlighting its strong and consistent on-chain activity.

Analysts Eye Breakout 

Solana is currently trading at $190.80, up 5.7% in the last 24 hours. Analyst Ali Martinez had recently shared that $189 is a key breakout level for Solana. If SOL moves above it, there are not many strong resistance zones ahead, and the price could climb quickly from there.

Once Solana $SOL breaks above $189, there’s little standing in the way of a continued rally. pic.twitter.com/IOwvdPMMJ7

Glassnode says around 8 million SOL were bought NEAR $190, so it’s a major resistance level. If Solana breaks above it and demand stays strong, the price could rise quickly since there is less selling pressure above that point.