TLDR
- Solana price trades at $236.46 after rising 3.57% daily and 12.79% weekly.
- Nasdaq-listed Solana Company purchased $530 million worth of SOL for its treasury, holding approximately 2.2 million tokens.
- The price holds above ascending support with resistance at $238, and analysts project a potential 56% rebound toward $300.
- Grayscale’s Solana Trust enabled staking features, which may increase institutional engagement.
- Community sentiment shows 85% bullish outlook based on CoinMarketCap voting data with 787,400 total votes.
Solana price continues to gain strength as the token trades at $236.46 following a 3.57% increase over the past day. The weekly performance shows a 12.79% rise, reflecting renewed buyer interest in the market.
The price action comes as trading volume reaches $6.97 billion. The market capitalization stands at $128.87 billion, placing Solana among the top cryptocurrencies by market value.
Nasdaq-listed Solana Company completed a $530 million purchase of SOL tokens for its corporate treasury. The firm now holds approximately 2.2 million SOL tokens plus $15 million in cash reserves.
JUST IN: 🇺🇸 Nasdaq-listed ‘Solana Company’ buys $530 million $SOL for its treasury. pic.twitter.com/kY0AN2Zbex
— Whale Insider (@WhaleInsider) October 6, 2025
This purchase represents one of the largest corporate acquisitions of Solana tokens to date. The company shifted its focus from its previous neurotech business to become a Solana-focused investment firm.
The move mirrors the strategy that MicroStrategy employed with Bitcoin. Solana Company aims to capture yield through staking and benefit from potential future price appreciation.
Technical Levels Point to Potential Upside
The daily chart shows an ascending trendline that has provided support since mid-year. This structure has held through multiple tests, indicating sustained buying interest.
Immediate resistance sits at $238, which aligns with the 0.618 Fibonacci retracement level. A break above this zone could open the path to $251, the next technical target.
If the price moves beyond $251, analysts project a potential move toward $300. This would represent a 56% gain from current levels based on Fibonacci extension analysis.
The 0.786 Fibonacci level near $252 serves as another key zone. This area could attract additional buying volume if the price sustains movement above $238.
Support levels remain firm with the ascending trendline providing a strong foundation. The immediate support zone sits at $227, with a secondary level at $209 if selling pressure increases.
Institutional Interest Grows
The $530 million treasury purchase reflects growing corporate interest in Solana’s network capabilities. The company cited the network’s speed, staking yields, and expanding ecosystem as key factors in the decision.
Grayscale recently enabled staking for its Solana Trust product. This feature could attract more institutional participation once the product receives regulatory approval for uplisting to an exchange-traded product.
The combination of corporate treasury allocations and investment product developments indicates increasing institutional adoption. These moves reduce available supply in the market by locking tokens in long-term holdings.
Market Sentiment and Price Predictions
CoinMarketCap data shows 85% of community voters express a bullish outlook on Solana. This sentiment comes from 787,400 total votes cast on the platform.
The remaining 15% of voters maintain a bearish stance, expecting potential corrections or downward price movement. This minority view represents caution among some market participants.
Analysts predict Solana could reach the $500 to $600 range by year-end. These projections follow a 1.5-year consolidation period that tested investor patience.
The current price action shows strength compared to the extended consolidation phase. Higher lows on the chart indicate an accumulation pattern among buyers.
Activity across Solana’s ecosystem remains strong with growth in decentralized finance applications. NFT activity and developer engagement continue to drive network usage.
Solana Company holds approximately 2.2 million SOL tokens valued at $530 million based on current prices. The firm maintains $15 million in additional cash reserves on its balance sheet.
