Solana Gains Institutional Traction as Kalshi Adds SOL Deposits
In a significant move highlighting institutional adoption, CFTC-regulated prediction platform Kalshi has expanded its deposit options to include Solana (SOL), previously limited to USD Coin (USDC). This development underscores growing confidence in Solana’s high-performance blockchain capabilities and its position in the crypto market. The platform, which offers hundreds of markets across 12 categories, including over 50 crypto-specific contracts, now enables users to engage with SOL directly. At the time of writing, SOL is trading at 177.79000000 USDT, reflecting its robust market presence. This integration not only broadens accessibility for traders but also signals a broader trend of institutional acceptance for alternative blockchain assets beyond Bitcoin and Ethereum.
Kalshi Platform Adds Solana SOL Deposit Capabilities
US-based crypto marketplace Kalshi, a CFTC-regulated prediction platform, has expanded its deposit options to include solana (SOL). Previously limited to USD Coin (USDC), the move signals growing institutional acceptance of the high-performance blockchain asset.
The exchange offers hundreds of markets across 12 categories, including 50+ crypto-specific contracts tracking Bitcoin price movements, regulatory developments, and adoption milestones. This expansion follows Kalshi’s recent partnership with Elon Musk’s xAI to integrate AI-generated insights for event prediction markets.
Solana has responded positively to the news, gaining 6% weekly and 1% today to trade at $181. The sixth-largest cryptocurrency continues to demonstrate strength amid broader market recovery.
Traders Accumulate $381 Million SOL – Is Solana Preparing for a Breakout?
Solana investors have withdrawn 2.2 million SOL tokens worth $381 million from exchanges over the past 10 days, signaling strong accumulation. The supply reduction coincides with bullish market sentiment and growing expectations of price appreciation.
Exchange balances now reflect heightened holder conviction rather than speculative trading pressure. This on-chain dynamic historically precedes upward price movements when demand meets constrained supply.
Cathie Wood Foresees Crypto ETFs Thriving Alongside Wallet Adoption
Cathie Wood, speaking at the Solana Accelerate event in New York, positioned crypto ETFs as a critical gateway for traditional investors despite the rising prominence of self-custody wallets. "ETFs are an important stepping stone," she noted, emphasizing their frictionless appeal compared to the technical hurdles of wallet management. "Consumers just want to push a button."
Wood framed wallets as indispensable insurance policies against systemic failures in traditional finance, suggesting ETFs may eventually serve as a bridge to decentralized alternatives. Her comments highlight the dual-track adoption narrative: institutional convenience versus sovereign asset control.
Solana Eyes Breakout as EMA Convergence Signals Major Move
Solana (SOL) is poised for a potential breakout as key technical indicators align, suggesting an imminent price surge. The token has been consolidating between $170 and $175, with the 50-day, 100-day, and 200-day exponential moving averages converging just below current levels—a classic precursor to a strong directional move.
Historical patterns indicate that EMA compression often precedes decisive breakouts. Solana’s rebound from the 200-day EMA NEAR $150 and its consolidation above $160 demonstrate robust buyer support, reinforcing the bullish case for further upside.
