Solana Hits 7-Month High Price as Bitwise Exec Foresees ‘Epic End-of-Year Run’

Solana is again hot and can be prepared for an “epic end-of-year run”, said Bitwise Chief Investment Officer Matt Hougan.

The sixth largest crypto-asset per market hood has risen by more than 4% in the last 24 hours to $ 223, and earlier Wednesday $ 224.95-a mark that has not held it since 1 February. Solana has risen 25% in the last 30 days, making it the biggest profit below the top 10 of the Market Cap.

“In the past 18 months, the recipe for a strong return in crypto is clear: take a part Exchange Trade Products (ETP) intake, add strong purchases of company shed and voilà – you get a great efficiency,” Hougan wrote in his weekly memo. “Solana has the conditions for following this path.”

“All ingredients are for an epic end -of -year run for Solana,” he added.

At least part of that comparison is already going on for Solana.

Digital assets treasuries aimed at Solana have picked up SOL all year round, with listed companies such as Upexi and Defi Development Corp. who have gathered more than $ 400 million in the active each since the beginning of the year.

An even larger treasury can be established soon. On Monday, Forward Industries announced a $ 1.65 billion Increase private investments in public shares (PIPE), with the proceeds plan to build up Solana Treasury, allowing it to create the largest listed Sol Treasury in the books if it uses slightly more than 25% of the yield. The company will be led by Early Solana Investor and co-founder of Multicoin Capital, Kyle Samani.

Solana ETFs may also be around the corner.

Approval Decisions emerges from the SEC Regarding previously submitted spot ETFs from multiple issues, including Bitwise, Canary Funds and 21Shares. Although approvals are not guaranteed, analysts said earlier Decrypt Die Solana, XRP and Dogecoin ETF Approvals are “near Sloten” in 2025.

Although Hougan said that an approved place ETF and the accumulation of the Ministry of Finance is not a guarantee for SOL, the relative size of the active in comparison with Bitcoin and Ethereum means that the inflow will have a greater impact on the price.

“Scaled for the size of the blockchain, a relatively small amount of flows in Solana can significantly influence prices,” he said. “For example, outpaters of the $ 1.6 billion purchase of Solana shares would be equivalent of $ 33 billion to Bitcoin purchases.”

Predictors on countless markets also come on Solana, with a chance of a new of all time in 2025 Shifting around 23% in favor in the past 2 weeks. Users now give it a 57%chance by the end of the year. (Disclaimer: Myriad is a product of DecryptThe parent company, Dastan.)

Sol is currently approximately 24% discount on the all times of January of $ 293.31, per Coentecko.