Solana Smashes $200 Barrier as Wall Street Bets Big on Blockchain’s Future

Solana's native token just ripped past $200—marking a watershed moment for the so-called 'Ethereum killer.' Institutional money's flooding in, and suddenly everyone's a believer. Here's why the smart money's stacking SOL.

The Institutional Green Light

Hedge funds and crypto VCs are piling into Solana like it's 2021 all over again. The chain's blistering speed and dirt-cheap transactions finally got Wall Street's attention—turns out they care about scalability after all.

Technical Breakout or Bubble?

With the $200 resistance shattered, traders are eyeing SOL's next price targets. Meanwhile, Bitcoin maxis are muttering about 'irrational exuberance' between sips of their overpriced coffee.

The rally proves one thing: in crypto, fundamentals matter—until they don't. Just ask the three VC firms who flipped their SOL bags at $190.

Institutional interest fuels Solana’s rise

The likely reason for this price action is growing institutional interest. Notably, Upexi emerged as the largest corporate Solana holder, with more than 2 million SOL. These holdings are currently valued at more than $400 million.

Another standout is the DeFi Dev Corp., which accumulated nearly 1 million SOL by July 22. The company is executing an aggressive accumulation spree, having spent $19 million in just one week in July.