Solana Price Eyes $300 as Wallet Count Hits New ATH at 11M

Solana’s network growth hits a record high with 11 million wallets—just as SOL price teases a potential breakout toward $300.

Network metrics flashing green: Daily active addresses surge 40% month-over-month, while DeFi TVL holds steady at $4B despite recent market turbulence.

Traders are betting big: SOL futures open interest spikes 25% in 48 hours as whales accumulate at key support levels.

The cynical take: Wall Street still can’t decide whether to FOMO in or short it into oblivion—meanwhile, retail keeps building actual utility.

The SOL price saw a rebound after it broke out of a falling wedge pattern that it had been in since Jan 2025. It broke out in April 2025 and started a massive rally crossing through the resistance turned support level at $154.15 to the resistance level near $184.52. This is a 50% climb from when it broke out. 

However, strong selling pressure NEAR this resistance caused the price to pull back to about $165.71. The Relative Strength Index (RSI) is currently at  47 which indicates that the market is heading to a neutral ground. The overall price point is bullish so this might be a short retracement. 

In a recent tweet, crypto analyst Ali Martinez tweeted that the number of wallets holding at least 0.1 SOL reached a new all-time high of 11.16 million. The growing number of holders could give the price a boost and help it push toward its next target price of around $300. However, If solana closes daily below the $165 support level, the current bullish scenario could collapse, and the price may fall toward $148.

Also Read: How Fast Can shiba inu Coin Turn $1 to  $1000?