Solana Primed for June Surge: Two Catalysts That Could Send SOL Flying

Solana’s gearing up for a potential breakout as June kicks off—here’s what could fuel the rally.

1. Institutional FOMO hits overdrive

With ETH ETF approvals sucking oxygen out of the room, SOL’s looking increasingly like the ’altcoin darling’ for big money players tired of gas fees. The network’s speed cuts through congestion like a hot knife through butter.

2. Meme coin madness reloads

Retail’s back—and they’re still addicted to those sweet, sweet meme coin pumps. Solana’s become the go-chain for degenerates who think ’FDV’ stands for ’Fantastic Dogecoin Valuation.’

Of course, this could all collapse faster than a Celsius withdrawal request—but when has that ever stopped crypto traders?

Solana Ends Week at $161: Here’s Why That Could Change in June

It has been a troublesome few weeks for Solana. The cryptocurrency market has seen a drop in value across the board, with a sell-off emerging as the dominant trend. That has impacted SOL as it ended the week down 10.9% over the last even days, accordign to CoinMarketCap.

However, there is reason to be optimistic about the coming month. Indeed, there is a reason that many investors had eyed SOL as one of the biggest potential cryptocurrencies when the year began. Specifically, there are two reasons why solana may be set to skyrocket in June.

The first reason is connected to the ongoing quest for a spot Solana ETF. The investment vehicle has six filings from firms like Fidelity and VanEck. Although they face delays, a recent report notes that the game-changing product has an 82% approval rating via Polymarket.

Secondly, SOL has been the beneficiary of increased institutional funding. SOL Strategies has sought to raise $1 billion for the purpose of buying more Solana. The decision echoes similar ones made for Bitcoin, becoming one of the key reasons why the leading cryptocurrency surged to a $111,000 price this year.

These two things should coincide to be a game-changing moment for Solana. If they do come to fruition, it should certainly begin to inch toward the $180 mark. Moreover, there should be little standing in its way from hitting the $200 threshold this year.