Solana Breaks Key Resistance at $177: Technical Breakout and Upgrade Fuel Bullish Momentum
Solana (SOL) has surged past the $177 mark, showcasing a 3.44% daily gain and achieving a record trading volume of $5.69 billion—a 62% increase from previous levels. This rally is driven by a bullish technical breakout and Optimism surrounding the upcoming Alpenglow upgrade, though questions remain about its ability to fully address the network’s historical instability. As of May 22, 2025, SOL is trading at 179.13000000 USDT.
Solana Surges Past $177 Amid Technical Breakout and Upgrade Optimism
Solana (SOL) has breached the $177 mark with a 3.44% daily gain, accompanied by a record $5.69 billion trading volume—a 62% surge from prior levels. The rally follows a breakout from an ascending triangle pattern, a bullish technical formation observed since late 2024.
The Alpenglow upgrade promises speed enhancements, though questions linger about its ability to fully resolve the network’s historical instability. Analysts project a potential climb to $389 by 2025 if forthcoming protocol improvements meet expectations.
R3 Partners with Solana to Bridge Institutional Finance with Blockchain
R3, a leader in enterprise blockchain solutions, has announced a strategic partnership with the solana Foundation to integrate its permissioned consensus module directly onto Solana’s public blockchain. This collaboration marks the first enterprise-grade, permissioned consensus service deployed on a Layer 1 network, enabling financial institutions to leverage Solana’s scalable infrastructure for private blockchain operations.
The partnership will see R3’s Corda private ledger interface with Solana’s high-performance blockchain, using it as a consensus LAYER for validating transactions. This hybrid model combines the privacy requirements of institutional finance with the efficiency and transparency of a public blockchain, potentially accelerating the adoption of real-world assets (RWAs) on-chain.
Solana’s native token SOL gains institutional credibility through this alliance, as R3’s network of over 300 financial institutions could bring significant volume to the ecosystem. The MOVE signals growing institutional interest in leveraging public blockchains while maintaining necessary controls and compliance measures.
Solana Mobile Unveils Seeker, Its New Web3 Smartphone
Solana continues to demonstrate its dominance in the blockchain space with the unveiling of Seeker, its next-generation Web3 smartphone. Set for release on August 4, 2025, the device has already garnered 150,000 preorders, signaling robust demand for Solana’s ecosystem. The smartphone promises enhanced security, decentralization, and a novel user experience, leveraging the innovative TEEPIN architecture to create a trustless mobile environment.
This move comes after the lukewarm reception of its predecessor, Saga, underscoring Solana’s commitment to refining its consumer-facing technology. The Seeker launch reinforces Solana’s position as a leader in blockchain innovation, with its native token SOL benefiting from sustained developer activity and network growth.
Kraken to Launch Tokenized Stocks and ETFs on Solana Blockchain
Kraken, the cryptocurrency exchange, is set to introduce tokenized versions of major U.S. stocks and ETFs, including Apple, Tesla, and Nvidia, as reported by The Wall Street Journal. The new product line, dubbed "xStocks," will enable international users in Europe, Latin America, Africa, and Asia to trade over 50 tokenized assets around the clock.
The tokenized shares will be hosted on the Solana (SOL) blockchain, with each token backed 1:1 by the underlying securities. Backed Finance, Kraken’s partner, will custody the actual shares, ensuring price alignment with market values. The tokens will also be redeemable for their cash equivalent.
