Solana News: Analysts Predict Potential Surge to $500 Despite Market Volatility

Solana SOL Price Prediction: Can it Hit $500 Before 2025 is Over?

The cryptocurrency market has underperformed in 2025, with Solana (SOL) down over 30% in the past month. SOL, which was expected to breach $300 at the start of the year, now sits under $150. Some analysts predict a nearly 100% surge for SOL to $500. Solana was expected to be one of the biggest winners of 2025 due to the pro-crypto administration in the White House and the potential approval of a crypto-based ETF in the United States.

Alameda Unstakes $23 Million in Solana To FTX-Linked Wallets

FTX’s reimbursement process has begun, and the firm unlocked SOL worth $1.57 billion. Alameda Research, the trading firm linked to the FTX collapse, distributed $23 million worth of unstaked SOL to 38 FTX-linked addresses. The move comes amidst bearish market factors impacting demand. According to Arkham Intelligence, these addresses have previously received SOL and currently hold a total of $178.82 million SOL.

Solana (SOL) Faces Challenges; Can Bulls Hold the Line?

Solana (SOL) started a recovery wave above the $120 resistance zone but is now consolidating. The price struggled to clear the $155 resistance and declined below $140 and $132 support levels. SOL is currently trading below $130 and the 100-hourly simple moving average, with a short-term rising channel forming at $124 on the hourly chart. The pair could start a fresh increase if the bulls clear the $132 zone.

FTX/Alameda Redeems 185K SOL, Totaling $1.00878B Since November 2023

FTX/Alameda has redeemed 185,328 SOL today, bringing the total to 7.845M SOL ($1.00878 billion) since November 2023. Arkham Intelligence revealed that the now-defunct company also distributed approximately $22.89 million in SOL to 38 addresses, which often transferred most of the SOL tokens to Coinbase and Binance.