Solana’s Alpenglow Upgrade Fuels Bullish Momentum Toward $300 Target
Despite a recent 1% dip to $173.82 amid broader market declines, Solana (SOL) continues to show resilience with weekly and monthly gains of 3.5% and 15%, respectively. While its annual growth remains modest at 3%, the newly announced Alpenglow upgrade has sparked significant Optimism for the token’s future performance. Unveiled by Anza, this groundbreaking upgrade slashes transaction finality latency to 100-150ms—a 100x improvement—by replacing proof-of-history with Votor. This technological leap positions Solana for potential price appreciation, with analysts eyeing a $300 target. As of May 29, 2025, SOL trades at $172.24 USDT, but the Alpenglow upgrade’s promise of enhanced scalability and speed could be the catalyst for Solana’s next major rally.
Solana’s ‘Alpenglow’ Upgrade Sparks Optimism for $300 Price Target
Solana’s price dipped 1% to $173.82 amid a broader crypto market decline, yet maintains weekly and monthly gains of 3.5% and 15%, respectively. The token’s modest 3% annual growth belies its potential, with the newly announced Alpenglow upgrade poised to revolutionize its performance.
The upgrade, unveiled by Anza, slashes transaction finality latency to 100-150ms—a 100x improvement—replacing proof-of-history with Votor and Rotor algorithms. This leap in speed and scalability, coupled with speculation around SOL ETFs, fuels bullish sentiment for a year-end target of $300.
Infiblue World Partners with BitSolara to Enhance Web3 Gamification
Infiblue World has announced a strategic partnership with BitSolara, a Solana-based project, to create a more engaging and gamified Web3 experience. The collaboration leverages solana and TON networks to transform Telegram into a decentralized finance hub, targeting over 200,000 existing BitSolara community members.
The initiative aims to simplify Web3 adoption through social gaming mechanics, offering users a seamless entry point into decentralized trading. Infiblue World’s tweet highlights the dual-network approach, combining Solana’s scalability with TON’s messaging ecosystem for broader accessibility.
SOL Strategies Files Prospectus for Potential $1 Billion Solana Investment
SOL Strategies has taken preliminary steps toward raising up to $1 billion for Solana ecosystem investments. The firm filed a base shelf prospectus with Canadian securities regulators, enabling potential future offerings of common shares, warrants, or debt securities over a 25-month period.
This regulatory filing represents a strategic option rather than a firm commitment. "We’ve filed to increase financial flexibility," the company stated, emphasizing no immediate plans to issue securities. CEO Leah Wald framed the MOVE as part of SOL Strategies’ growth strategy to capitalize on opportunities within the Solana ecosystem.
The procedural nature of the filing underscores the company’s measured approach. Final terms and use of proceeds WOULD only be disclosed if SOL Strategies proceeds with an offering, requiring regulatory approval of a final prospectus.
Solana Open Interest Hits $7.5B as Traders Eye $300 Target
Solana’s price action has become a focal point for traders as open interest in SOL futures surges to $7.5 billion. Despite failing to hold above the $180 resistance level in early May, the asset shows signs of consolidation with potential for upward movement.
Technical indicators paint a mixed but cautiously optimistic picture. SOL has maintained position above its 50-week exponential moving average for three consecutive weeks—a historical precursor to significant rallies. The weekly RSI at 52.60 suggests neutral but growing buying interest, with traders watching for a break above 60 to confirm bullish momentum.
Fibonacci extensions point to a possible $300 target if current support holds. Market structure resembles previous accumulation phases before major rallies, echoing SOL’s 500% surge from late 2023 to March 2024. However, negative funding rates and the $180 resistance level remain key hurdles.
