Solana (SOL) Eyes New All-Time Highs as Market Cap Surpasses $105 Billion

Solana (SOL) has surged past $200 for the first time in five months, briefly peaking before stabilizing near $197. This rally marks a significant milestone, with the cryptocurrency's market capitalization exceeding $105 billion—levels last seen in January 2025. The impressive performance now positions solana ahead of established companies like Intel in global market rankings. Prediction markets are highly optimistic, assigning a 99% likelihood of a spot Solana ETF approval, further fueling bullish sentiment among traders. As of July 2025, Solana's momentum shows no signs of slowing down, with many eyeing new all-time highs in the near future.

Solana (SOL) Price: Traders Eye All-Time Highs as Rally Gains Steam

Solana surged past $200 for the first time in five months, peaking briefly before stabilizing near $197. The rally marks a significant milestone, with the cryptocurrency's market capitalization eclipsing $105 billion—levels last seen in January 2025. This performance now places Solana ahead of established firms like Intel in global market rankings.

Prediction markets now assign a 99% likelihood of spot Solana ETF approvals by 2025, fueling institutional interest. Network activity shows parallel growth: staking liquidity saw $800 million inflows, pushing total value locked to $9.95 billion, while new wallet creations spiked 26% around the $195 price level.

The July 21 trading session delivered a 7.88% daily gain, closing at $195 and unlocking $538 million in realized profits—a two-month high. Subsequent momentum remained measured, with a 4.61% intraday MOVE following the breakout. These technical milestones coincide with Solana's expanding DeFi ecosystem, as evidenced by sharp TVL increases during its 23% weekly ascent.

Pudgy Penguins (PENGU) Price: Bull Flag Breakout Signals Potential Rally

Pudgy Penguins (PENGU) has solidified its position above $0.036 after reclaiming critical support at $0.033, with technical indicators flashing bullish signals. The Relative Strength Index (RSI) at 64.04 and a positive MACD crossover suggest sustained upward momentum.

Derivates markets reflect strong conviction, with open interest surging to $591 million and trading volume exceeding $4.4 billion—a 292% spike. PENGU now ranks as Solana's second-largest memecoin by market capitalization at $2.32 billion, surpassing TRUMP.

Whale accumulation patterns since late June mirror price appreciation, signaling institutional confidence. Technical analysis reveals a bull flag breakout pattern with Fibonacci extensions pointing to $0.045 as the next target, while thinning resistance above current levels suggests room for further gains.

Solana's Bullish Breakout: Technical Momentum Meets Ecosystem Growth

Solana (SOL) surged 19% this week, trading NEAR $197 as a textbook cup-and-handle pattern breakout fuels bullish sentiment. The rally coincides with Solana's total value locked (TVL) surpassing $10 billion, signaling both technical and fundamental strength.

Chart analysis suggests SOL could target $235-$295 if it holds above the $190 breakout zone. A nearing golden cross—where the 50-day EMA overtakes the 200-day EMA—hints at potential 30% gains toward $245, with $300 in play.

While resistance lingers at $194-$199, institutional interest grows alongside Solana's expanding DeFi ecosystem. The network's resurgence contrasts with broader market stagnation, positioning SOL as a standout performer.

Upexi Boosts Solana Holdings to 1.8M SOL as Analyst Predicts $500 Price Target

Solana's native token SOL hovered just below $200 early Wednesday, buoyed by a wave of bullish developments. Nasdaq-listed Upexi Inc. disclosed acquiring an additional 100,000 SOL, bringing its total holdings to 1,818,809 tokens worth approximately $331 million. The consumer brand platform funded the purchase through a $200 million equity and convertible notes raise.

Upexi now stakes nearly all its SOL holdings, projecting $26 million in annual yield at current 8% rates. CEO Allan Marshall positioned the move as an innovative public markets model for altcoin treasury management. "This positions Upexi as an optimal vehicle for digital asset exposure," Marshall stated. The firm realized a $58 million unrealized gain through discounted acquisitions in locked FORM.

The accumulation comes as analysts project SOL could reach $500 in the current bull cycle. Solana's sixth-ranked cryptocurrency by market cap shows renewed institutional interest, with Upexi completing three successful capital rounds since April to fund its SOL treasury strategy.

Solana Meme Coin Rug-Pulls Exploit Ozzy Osbourne's Death

The passing of rock legend Ozzy Osbourne triggered a wave of predatory crypto activity on Solana. At least 15 hastily created meme coins bearing the artist's name or likeness flooded the blockchain within hours of his death. Most followed a familiar pattern: quick liquidity injections, frenzied trading, then abrupt abandonment by developers.

On-chain analysis confirms 10 clear rug pulls, with attackers making off with approximately 1,625 SOL ($325,000). Smaller, unconfirmed scams may push total losses toward $345,000. This mirrors previous opportunistic crypto scams, including those surrounding Bitcoin Pizza Day earlier this year.

While Pump.fun disputes the figure, security firm Solidus Labs recently claimed 98% of meme coins constitute pump-and-dump schemes. The Solana ecosystem's low transaction costs and high throughput continue making it a favored playground for such predatory behavior.

Solana Could Skyrocket To $500 This Bull Run: Analyst

Solana trades at $197.79, down 0.5% in 24 hours but up 18% weekly. The asset recently breached $200 for the first time in five months, with market capitalization exceeding $105 billion. Total value locked surged to nearly $10 billion following an $800 million inflow, fueled by increased staking activity.

Prediction markets now price a 99% probability of a spot SOL ETF launching in 2025. Analyst Christiaan Defi identifies $196 as strong support, suggesting a breakout above $254 could trigger rapid appreciation toward $400-$500 targets. Grok's AI models rank SOL as the top altcoin contender for 2025, assigning a 14% probability of outperforming peers.

The network's technical upgrades like Alpenglow and thriving meme coin ecosystem continue driving adoption. ETF speculation and LAYER 1 scalability advantages position Solana for potential 5-10x gains if bullish momentum sustains.