TLDR
- The price of Solana dropped to $188 on August 26, but due to stablecoin growth, a 55% surge is predicted.
- Greg King, CEO of REX Financial, believes Solana’s stablecoin sector could drive significant price growth.
- Solana’s stablecoin supply grew by 5.60% in the last 30 days, reaching $12 billion.
- The network’s stablecoin transaction volume soared by 90%, exceeding $192 billion in the past month.
- Solana’s network has processed over 2.25 billion transactions in the past 30 days, outperforming many competitors.
Solana price fell to $188 on August 26, continuing its decline amid worsening crypto sentiment. However, a bold forecast from Greg King, CEO of REX Financial, predicts that Solana could surge 55%, potentially reaching an all-time high. King’s prediction focuses on the growth of Solana’s stablecoin sector, which he believes could help propel the token forward.
Solana’s Stablecoin Growth Gains Momentum
Solana has made significant strides in the stablecoin market. Data shows its stablecoin supply increased by 5.60% in the last 30 days, reaching $12 billion. Solana now ranks as the second-largest blockchain in the sector, trailing only Ethereum.
Transaction volume on Solana has also surged. Over the past month, it grew by 90%, surpassing $192 billion. This jump in stablecoin transactions will likely increase network fees, which average $1.4 million daily.
REX Financial’s $8B Prediction for Solana
Greg King, the CEO of REX Financial, predicts that Solana will become a major player in the stablecoin market. He emphasizes that Solana’s technology outperforms Ethereum’s, which currently dominates the space. “Solana is the future of stablecoins,” said King, referring to the platform’s superior scalability and speed.
REX Financial CEO Greg King believes Solana is the story of stablecoin's future over Ethereum. He speaks with @EricBalchunas on "ETF IQ" https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg
— Bloomberg TV (@BloombergTV) August 25, 2025
REX Financial, managing over $8 billion in assets, has already invested in Solana. The firm launched the Solana Staking ETF, which now manages over $177 million in assets. This investment shows the growing confidence in Solana’s potential.
Solana Price Poised for Growth Amid Positive Network Data
Solana’s network performance also supports the bullish outlook for the token. The blockchain recorded over 2.25 billion transactions in the last 30 days, far higher than most other layer-1 and layer-2 chains, highlighting Solana’s scalability and utility.
Furthermore, nine companies have filed applications for Solana ETFs. These spot ETFs are expected to be approved by the end of the year. This development could lead to more investment inflows, further boosting Solana’s price.
