Solana Price Prediction: Will SOL Be the Next Crypto to Hit $300?

The year 2024 saw Bitcoin’s incredible ascent from $40,000 in January to nearly $125,000. Ethereum quickly followed, tripling in price to almost $5,000 at its August 2025 peak. Now, with institutional and retail momentum building behind Solana, many in the crypto investment community are asking: is SOL poised to be “next”? With similar market conditions setting up and investors eyeing the charts, Solana price movements are under the spotlight. Will Solana price rise to new highs and break the $300 barrier in the coming weeks?

In this article, we offer an in-depth analysis on Solana price, evaluating its recent performance, structural cost support, total value locked metrics, and the powerful impact of pending ETF approvals and institutional treasuries.

Source: CoinMarketCap

Recent Solana Price Performance

Over recent months, Solana price has demonstrated impressive strength, tracking closely with the broader altcoin rally. Between June and late August 2025, Solana price surged more than 70%, fueled by accelerated adoption and strong market sentiment.

While encountering resistance around the $220 level and dipping below $200 in early September, Solana price has quickly rebounded by over 12%, currently trading above $240. Analysts cite that at $160, SOL has set a higher low, a bullish technical indicator for further gains. The support range of $213–$221 has also proven resilient, suggesting a solid base for an upward Solana price trajectory.

Solana’s Structural Cost Basis

Understanding the ownership structure underpinning Solana price can shed light on its future potential. The distribution of SOL tokens is “olivary-shaped,” with the majority of active traders’ cost centered around $203. Approximately 7% of the circulating supply is held between $203 and $242, while nearly 40% is accumulated in the $162–$203 bracket. This means that any Solana price surge may see some profit-taking from holders at lower cost bases, but with much of the trading in this band already flushed out, the risk of heavy, immediate selling pressure is limited.

Furthermore, the last significant round of bulk acquisitions occurred around the $144 level, with many recent holders now keen to wait for more substantial profits before considering sales.

Solana TVL Data: DeFi Growth Boosts Solana Price

A chief driver behind the rising Solana price is its rapidly increasing Total Value Locked (TVL). As of September 2025, Solana TVL reached a new high of $12.27 billion—a stunning 57% increase since the June low of $7.8 billion. This uptrend is led by core dApps including Raydium (32% monthly TVL growth), Jupiter DEX, Jito liquid staking, and Sanctum protocol. These apps collectively reinforce Solana’s position as a critical DeFi ecosystem, surpassing not only many layer-1s but also outpacing Ethereum’s own layer-2 networks in TVL rankings. Growth in TVL means higher network participation, stronger demand, and ultimately, a higher potential Solana price.

Source: DefiLlama

ETF and Treasury Developments: Fuel for the Next Solana Price Surge

Upcoming ETF announcements could serve as an explosive catalyst for the next Solana price rally. Multiple heavyweight institutions—including Grayscale, VanEck, Franklin Templeton, Bitwise, Fidelity, and Galaxy Digital—have filed for spot Solana ETFs in the US. Investors are watching closely as the SEC prepares key decisions, with October 10 as a critical date that could pave the way for several launches by year-end.

Meanwhile, the rise of institutional Solana treasuries is throttling supply and amplifying bullish momentum. Forward Industries secured a $1.65 billion commitment to acquire and stake SOL, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. Recent purchases by Galaxy Digital alone involved over $486 million in SOL, cementing their stake in what CEO Mike Novogratz calls “SOL season.” Additional support from firms like BIT Mining and Upexi is further consolidating the foundation for continued Solana price appreciation.

Solana Price Prediction: Is $300 Achievable?

Given all current indicators, a Solana price target of $300 in the near term appears realistic. Here’s why:

• Technical Structure: Higher lows and robust buying zones above $200 suggest healthy price construction with minimized downside.

• On-chain Expansion: Record-high TVL and thriving DeFi activity point to sustainable long-term demand and rising utility.

• Institutional Backing: Substantial inflows from corporate treasuries, along with anticipation over ETF launches, are reducing available supply and attracting new investors.

• Macro Tailwinds: The Federal Reserve's September meeting, with expectations for the first rate cut since late 2024, could bolster appetite for high-growth crypto assets like Solana.

Analysts from Delphi Digital and other research firms pin their short-term target between $250 and $300 for Solana price—especially if ETF approvals and institutional flows align with ongoing bullish sentiment.

Conclusion

Solana price is primed for a potential breakout, propelled by robust fundamentals, enthusiastic institutional adoption, strong on-chain growth, and a powerful ETF narrative. While all investments entail risks, the setup for SOL in late 2025 closely mirrors the conditions that fueled Bitcoin and Ethereum’s historic surges. For investors seeking the next big opportunity in the digital asset market, watching Solana price in the coming weeks is essential.

Disclaimer: Crypto assets are highly volatile and investments carry risk. This analysis is informational and not financial advice. Please conduct individual research before investing in Solana or any digital asset.