Solana’s Bullish Trajectory: Momentum Builds Toward $200 Amid Surging Ecosystem Activity

Solana continues to demonstrate strong bullish momentum, with its price trajectory showing remarkable resilience. Over the past two years, eight months of growth have outweighed four months of decline, highlighting the network’s strength. The recent memecoin frenzy has further fueled trading volume, while Axiom Exchange has emerged as Solana’s top revenue-generating protocol, surpassing Pump.fun. In April alone, Solana DApps generated $162 million in revenue, underscoring robust ecosystem growth and outperforming competitors. With these developments, Solana appears well-positioned to reach the $200 milestone as adoption and activity surge.

Solana Builds Momentum Toward $200 as Ecosystem Activity Surges

Solana’s price trajectory shows remarkable resilience, with eight bullish months outweighing four months of decline over the past two years. The network’s memecoin frenzy continues to fuel trading volume, while Axiom Exchange recently dethroned Pump.fun as Solana’s top revenue-generating protocol.

April saw Solana DApps generate $162 million in revenue, signaling robust ecosystem growth. The chain has outperformed competitors in Q1 2025 revenue generation, raising questions about whether SOL can maintain this dominance through Q2.

Despite short-term volatility, Solana’s long-term chart maintains a strongly bullish pattern. market watchers note the $180 level could serve as a stepping stone toward the psychologically important $200 threshold.

SOL Strategies Acquires $18M in Solana Tokens Amid $500M Financing Push

SOL Strategies (HODL), a Toronto-listed digital asset firm specializing in Solana, has purchased $18.25 million worth of SOL tokens. The acquisition, totaling 122,524 SOL at an average price of $148.96 per token, was funded by the initial tranche of a $500 million convertible note facility with ATW Partners.

Despite a 10% drop in share price to CA$2.6, the company’s stock remains up nearly 80% over two weeks. "We’re executing as promised," the firm stated, signaling aggressive accumulation of SOL amid volatile market conditions.

DeFi Development Corporation Boosts SOL Holdings to Over 400K Tokens

DeFi Development Corporation (DFDV) has added 82,404 Solana (SOL) tokens to its treasury, bringing its total holdings to 400,091 SOL. At current prices, the stash is valued at over $57 million.

The newly acquired tokens include locked SOL purchased through BitGo’s OTC desk. While these assets remain immobile on-chain until unlocked, they retain tradability between institutions. The firm plans to stake its growing SOL position to generate yield.

This accumulation follows DFDV’s recent validator operation acquisition, enabling self-staking of its entire SOL treasury to create protocol-native cashflow. Despite these strategic moves, DFDV shares dipped 3.8% on Tuesday.

Solana Nears Critical Triangle Breakout Amid $45M Liquidation Risk

Solana’s price hovers at $144.48, teetering on the edge of a symmetrical triangle breakout as $44.95 million in long positions face liquidation below $143. The pattern’s tightening coil NEAR $145 signals impending volatility, with traders watching for either a decisive breakout or a collapse toward $134.

Monday’s 1.5% pullback follows a brief 2% rally, reflecting the market’s hesitation as SOL approaches the triangle’s apex. The technical setup mirrors broader crypto market unease, where minor retracements punctuate tentative recoveries.