Solana (SOL) Price: Bulls Eye $300 as Galaxy Digital and Forward Industries Load Up

TLDR

SOL price faces resistance at $250 but gained 24% in the past 30 days Solana leads DEX trading with $121.8 billion monthly volumes, surpassing Ethereum Galaxy Digital purchased $306 million in SOL while Forward Industries launched $1.58 billion treasury Network fees increased 23% over seven days despite having less total value locked than Ethereum Technical analysis shows ascending triangle pattern with potential breakout above $250

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Solana price faced rejection near $250 over the weekend but continues to attract institutional interest. The cryptocurrency gained 24% in the past 30 days despite the recent pullback.

Solana (SOL) Price

SOL currently trades around $233 according to market data. The token tested the $250 resistance level on Sunday before retreating.

Traders are watching whether current momentum can push the price toward $300. This target would give Solana a market cap of $163 billion.

DEX Trading Leadership Boosts Network Activity

Solana regained its position as the top blockchain for decentralized exchange trading in September. The network processed $121.8 billion in monthly DEX volumes.

This volume was about 90% higher than competitor BNB Chain. Ethereum fell to second place in this metric.

Higher trading volumes generate more transaction fees. These fees create recurring demand for SOL tokens to pay for network usage.

Source: Nansen

Solana network fees rose 23% over the past seven days. This increase occurred despite Ethereum having nearly seven times more total value locked.

Many Ethereum applications like restaking and real-world assets show low turnover. This results in weak fee generation compared to the total capital deployed.

Corporate Treasury Investments Drive Demand

Several companies recently allocated significant funds to SOL purchases. Forward Industries raised $1.65 billion in private funding to acquire SOL for corporate reserves.

Galaxy Digital, Jump Crypto, and Multicoin Capital provided the financing for Forward Industries. These firms are known for early investments in blockchain projects.

Forward Industries secured over 6.8 million SOL tokens at an average price of $232. This makes it the largest Solana treasury company by holdings.

DeFi Development Corp separately disclosed holdings exceeding 2 million SOL. The treasury is valued at more than $460 million at current prices.

Pantera Capital announced Monday the launch of Helius, a new Solana-backed treasury vehicle. The Nasdaq-listed entity raised $500 million in initial private placement.

Summer Capital co-led the Helius funding round. The vehicle could expand to over $1 billion according to the press release.

Galaxy Digital recently purchased an additional $306 million worth of SOL tokens. This single-day acquisition expanded their existing accumulation strategy.

These institutional purchases create consistent buying pressure. The accumulation pattern suggests long-term confidence in Solana’s development.

Technical analysis shows SOL forming an ascending triangle pattern on weekly charts. The pattern shows higher lows forming consistently over recent months.

A sustained weekly close above $250 could trigger a bullish breakout. Support remains established around $190 for the current uptrend.

Captain Faibik, a technical analyst, projects a long-term price target of $1,250 for SOL. This forecast assumes successful breakout above current resistance levels.

$SOL is forming a massive Ascending Triangle on the Weekly timeframe..!!

A confirmed weekly close above $250 will be the official trigger for the SOL Bullrun of 2025–26.. 🚀

Accumulation phase won’t last forever Buy now or Regret later!

🎯 Longterm Target: $1,250#Crypto… pic.twitter.com/233qZ4wbDv

— Captain Faibik 🐺 (@CryptoFaibik) September 15, 2025

The Trump-backed World Liberty Financial announced Monday a partnership with Solana projects. The initiative will work with Bonk.fun and Raydium DEX for promotional campaigns.

A proposed open-source bridge between Solana and Base could increase interoperability. Base is an Ethereum layer-2 solution developed by Coinbase with over 20 million active addresses.

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