Solana Eyes $200 as ETF Speculation Fuels 7.8% Weekly Surge

Solana (SOL) staged a sharp recovery this week, bouncing from a dip below $125 to reclaim the $129–$144 range amid growing ETF speculation and whale accumulation. Derivatives data signals renewed bullish momentum, with analysts targeting $200.

Solana Price Rebounds Sharply as ETF Odds Rise

Solana (SOL) price recovered this week after briefly dipping below the $125 support zone. The market reversed quickly, surging 7.81% to reclaim levels between $129 and $144. Analysts attribute this strong bounce and whale accumulation to potential further gains towards the $200 zone. Derivatives data showed renewed trader interest with open interest up 10.11% and trading volume up 24.28%.

Upexi Stock Surges 450% After $100M GSR Investment to Back Solana Treasury Plan

Upexi Inc. saw its stock soar over 450% on Monday after crypto investment firm GSR announced a $100 million private investment. The funding will support Upexi’s shift to a cryptocurrency-based treasury strategy, specifically accumulating and staking Solana (SOL) to generate long-term returns for shareholders.

Upexi Shares Skyrocket Over 600% After Revealing Solana Treasury Strategy

Upexi Inc.’s shares soared over 630% after announcing plans to build a Solana-based crypto treasury. The $100 million private investment was led by GSR and included backing from several other crypto investment firms. The move marks a significant pivot into digital asset management for the consumer products firm.

Solana’s DePIN Sets Records

Solana’s biggest decentralized physical infrastructure network (DePIN) is setting new records. This cycle in crypto has seen many innovations, but memecoins dominated the narrative early on. However, projects like Helium suggest that DePINs, which use crypto incentives to bootstrap real-world infrastructure, could be the cycle’s serious innovation.