Block Traders, individuals who buy and sell financial assets such as stocks, bonds, currencies, and cryptocurrencies in financial markets with the aim of making short—or medium-term profits, predict that Solana (SOL) will exceed $200 by the end of June.
Solana’s token, SOL, has surged from under $100 to currently trading at $166. This surge began on April 7, 2025, and has outpaced Bitcoin’s (BTC) 40% gain over the same period.
Furthermore, SOL surged 24.8% between May 6 and 10, 2025, fueled by a broader altcoin market rally following Bitcoin’s surge above $100,000. However, SOL has struggled to hold above $170 since then.
Although SOL’s current price is still 58% below its all-time high of $295, reached on January 19, 2022, everything seems to be going well: DeFi is growing, network usage is increasing, and major upgrades like Firedancer are on the horizon.
There is also talk of potential ETF approvals and growing institutional interest. All of this makes the path to $200 before the end of June seem more realistic.
Institutional traders project a strong Solana rally
Institutional traders, such as investment banks, hedge funds, insurers, and other large-scale market participants, see SOL surpassing $200 in the coming weeks, as it has shown growing network and transaction activity, as well as increased interest from retail and institutional investors. Now, Solana’s price prediction has become the center of attention.
Take the case of Tracy Jin, COO of the MEXC exchange, who suggests that SOL’s rally will likely continue. And if it maintains its current level, the token could reach $200.
Amid widespread volatility, #Solana has stood out with notable strength. A combination of favorable technical setups and institutional tailwinds — such as the launch of the first spot Solana ETFs in North America — has helped drive a short-term rally. The token’s reclaim of…
— Tracy Jin @MEXC (@TracyMEXC) April 18, 2025
Meanwhile, Erika Espinal, a crypto market trader and analyst, states that after the LIBRA scandal, “Solana became an insiders’ casino.” But she believes “it’s the reset SOL needed, as now weak hands are leaving, and long-term investors who believe in the project remain.”
Specifically, he predicts that Solana’s price could reach $300, although he also doesn’t rule out a spike to $1,000. “Solana isn’t dead.”
Wintermute, CMS, and other players behind the interest in SOL
Meanwhile, large portfolio managers are increasing their exposure to Solana through block trades, signaling confidence in its technical performance.
For example, U.S. asset manager ARK Invest became the first to have exposure to a Solana ETF in the United States. This Solana ETF, “SOLQ,” allows investors to gain direct exposure and benefit from Solana staking.
Additionally, FalconX has transferred $50.82 million in SOL for staking, strengthening the Solana network. Specifically, a newly created wallet withdrew 296,422 SOL from FalconX, clearly indicating strong institutional confidence in Solana’s potential.
A newly created wallet withdrew 296,422 $SOL worth $50.82M from #FalconX and sent it for staking.https://t.co/GgerZMQFru pic.twitter.com/HIiD6vLqZA
— Onchain Lens (@OnchainLens) May 17, 2025
Similarly, investment firms Wintermute and CMS Holdings acknowledge Solana’s potential beyond its volatility.
- Wintermute: Has shown confidence in SOL through large-volume withdrawals from exchanges, suggesting an accumulation stance or preparation for large-scale operations.
- CMS Holdings: Its presence in the Solana ecosystem, often through direct investments in projects or SOL tokens, underscores its belief in the network’s potential for decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs).
As a relevant note, Wintermute opened an office in New York, citing improved regulatory conditions: “As the U.S. adopts a more favorable stance toward digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City.”
Another sign that institutions are beginning to see Solana not just as a fast supply chain but as solid financial infrastructure is VanEck, which launched its tokenized U.S. Treasury fund (VBILL) on Solana, representing a major vote of confidence from traditional finance.
VANECK LAUNCHES TOKENIZED U.S. TREASURY FUND $VBILL ON MULTIPLE CHAINS INCLUDING ETHEREUM, SOLANA, AVALANCHE, AND BNB CHAIN
— The Wolf Of All Streets (@scottmelker) May 13, 2025
Likewise, DeFi Development Corp has announced its intention to raise $1 billion to invest in Solana and strengthen its treasury. According to the company, this shift is due to its interest in maximizing the potential of emerging technology and leveraging the long-term value Solana can offer.
Regarding this, Chris Chung, founder of the Solana-based exchange Titan, commented that this decision is “revolutionary” and predicts more companies will follow this path as cryptocurrencies gain ground in traditional finance.
June as the horizon: The key date for Solana, according to traders
The crypto market has maintained a bullish momentum despite a slight correction after reaching a recent high. This recent market activity suggests continued upward momentum, despite some short-term fluctuations indicating a cooling-off period.
According to the CoinCodex sentiment index, 77% are bullish on the coin, while 23% expect the price to fall. Out of 30 technical indicators, 23 suggest the coin will rise, and 7 point to a price pullback.
Likewise, according to cryptocurrency analyst AMCrypto, the short-term downtrend for the SOL token may have ended. Solana is breaking above the trendline resistance of the falling wedge pattern. This move could take the altcoin to the $190 and $200 levels if sustained, which could lead to more positive predictions for Solana in the coming days.
Reaching $200 in June may seem ambitious, but it’s within reach. It’s only 30% away from that mark—a move that’s definitely feasible, especially considering how fast SOL can rise when momentum kicks in.
Trading concentrates on institutional platforms
On the other hand, institutional trading with Solana is primarily concentrated on platforms designed for large volumes and specialized services.
- Over-the-counter (OTC) desks: Where transactions are negotiated directly between buyer and seller without going through a public order book.
- Institutional derivatives exchanges: Offering SOL futures and options contracts, allowing institutions to manage risk and speculate with leverage.
- Licensed and strictly regulated digital asset trading platforms: Critical for the compliance requirements of these large players.
Why is Solana gaining ground against other altcoins?
According to Coinglass, Solana has a TVL of $11.71 billion, surpassing the entire Ethereum Layer 2 ecosystem, which includes networks like Base, Arbitrum, and Avalanche.
By the way, according to DefiLlama data, Solana has seen solid fee revenue. In the last 30 days, Ethereum generated $24.9 million in fees on its base layer, Tron reached $51.9 million, and Solana recorded $43.3 million.
Both Solana’s DApp revenue and network fees have shown steady growth over the past four weeks. This is a bullish signal for SOL, as it increases demand for the token.
Technical momentum signals and on-chain accumulation fuel expectations
Likewise, on-chain data and market sentiment suggest SOL is at a decisive moment. Selling pressure from whales, particularly large wallets like FTX/Alameda and Pump.fun, could push SOL into a short-term correction.
However, with leading revenue and high DEX trading volume, Solana’s fundamental strength provides long-term support for SOL. In fact, projects like Pump.fun, despite controversies over token quality, still contribute significantly to network activity.
To conclude, the exact catalyst that could drive SOL’s price upward remains uncertain, but many possibilities exist, such as the potential approval of a U.S. ETF.
