Solana’s Blockchain Dominance Positions SOL for $260+ Breakout, Says Grayscale Analysis
In a comprehensive research report released by Grayscale Investments, Solana has emerged as a standout performer in blockchain metrics, with analysts predicting the native token SOL could surpass its 2021 bull market peak of $260. The asset manager's analysis highlights Solana's impressive network fundamentals, including dominance in daily active users (4,587), substantial transaction volume averaging 96,200 per day, and superior throughput capacity that outpaces competing blockchain networks including Ethereum, BNB Chain, and Tron. This robust on-chain activity, combined with the network's growing DeFi ecosystem, positions Solana for significant price appreciation according to Grayscale's assessment. The report emphasizes that Solana's technical advantages in scalability and transaction speed, coupled with its expanding developer community and institutional adoption, create a compelling case for the cryptocurrency's long-term growth trajectory. Grayscale's bullish outlook reflects increasing institutional confidence in Solana's ability to capture market share from established blockchain platforms while maintaining its competitive edge in user experience and network efficiency. As the broader cryptocurrency market continues to evolve, Solana's strong fundamentals and growing ecosystem suggest it remains well-positioned to capitalize on the next wave of blockchain adoption and potentially achieve new all-time highs in the coming market cycle.
Grayscale Highlights Solana's On-Chain Growth Potential, Predicts $260+ Price Target
Grayscale Investments has identified solana as a standout performer in blockchain metrics, suggesting its native token SOL could surpass its 2021 bull market peak of $260. The asset manager's latest research report emphasizes Solana's dominance in daily active users (4,587), transaction volume (96,200/day), and throughput capacity—outpacing rivals Ethereum, BNB Chain, and Tron.
The network's DeFi ecosystem shows particular strength, with Raydium processing $1.2 trillion in cumulative volume and Jupiter emerging as the crypto industry's largest DEX aggregator. Memecoin platform Pump.fun contributes to the activity with 2 million monthly users generating $1.2 million daily revenue.
Real-world adoption continues through projects like Helium Mobile, which now offers decentralized wireless coverage at rates competitive with traditional telecom providers. With 1.5 million daily users and partnerships including AT&T, Solana's infrastructure plays demonstrate tangible utility beyond speculative trading.
VanEck Files Fifth Amendment for Spot Solana ETF, Proposes 0.30% Fee and Staking Rewards
VanEck has submitted its fifth amended filing for a Spot Solana ETF to the SEC, detailing a refined structure that includes staking rewards and a 0.30% management fee. The fund aims to provide regulated exposure to SOL tokens while leveraging trusted validators for yield generation. Custodial services will be handled by Gemini and Coinbase, ensuring secure asset storage.
The updated proposal addresses liquidity risks by maintaining a 5% buffer to mitigate unbonding delays on Solana's network. Market Optimism surrounds the filing, as it represents another institutional push for crypto ETF approvals amid prolonged SEC deliberations.
Solana Whale Movements Signal Diverging Institutional Strategies Amid Market Consolidation
Forward Industries transferred 993,058 SOL ($192M) to Coinbase Prime and $50M to Galaxy Digital, sparking speculation of portfolio rebalancing after its $1.38B purchase at $232 per token. The MOVE contrasts with Solana Strategies' accumulation of 88,433 SOL ($193.93 avg) — including locked Foundation tokens — bringing its treasury to 523,433 SOL.
Funding rates turned positive as traders reopened long positions, reflecting renewed confidence after recent volatility. This institutional dichotomy — profit-taking versus strategic accumulation — typically precedes decisive price action as whales position for the next cycle.
Galaxy Digital Transfers $51.7M in SOL to Binance, Sparking Sell-Off Speculation
Digital asset investment firm Galaxy Digital moved 250,000 SOL tokens worth $51.69 million to Binance, triggering market concerns about institutional sentiment toward Solana. Large exchange deposits often precede sell pressure, though motives remain unclear—whether for liquidity needs or profit-taking during SOL's recent rally.
The transfer coincides with Solana's broader market correction. Analysts question if Forward Industries might liquidate its recently acquired SOL holdings at a loss, reflecting heightened scrutiny of treasury management strategies among institutional investors.
