Solana’s Bullish Momentum: Can SOL Break $180 Resistance by May 2025?
Solana’s SOL token has demonstrated remarkable strength, surging past $150 amid a volatile crypto market. With robust ecosystem metrics and growing adoption, analysts are eyeing the $180 resistance level as the next major milestone. This article explores the factors driving SOL’s rally and whether it can achieve this target by May 2025.
Solana (SOL) Price Stuck at a Major Resistance—Can it Reach $180 in May 2025?
Solana’s SOL token has surged past $150 this week, marking a strong bullish breakout amid broader crypto market reversals. The rally follows a rebound from $134 earlier in the week, with momentum fueled by robust ecosystem metrics and technical strength.
Market sentiment remains anchored to Solana’s fundamentals, including growing adoption and network activity. Analysts now watch whether SOL can overcome key resistance levels to test $180 by mid-2025—a target that hinges on sustained demand and Bitcoin’s market leadership.
Pump.fun’s Massive SOL Deposits to Kraken Spark Controversy
Pump.fun, a Solana-based meme coin platform, has drawn scrutiny after depositing 117,913 SOL ($18.26 million) to Kraken within two hours. This follows a pattern of substantial transfers totaling 3,097,265 SOL ($575 million) since its launch, fueling debate within the Solana community.
Lookonchain data reveals the platform also sold 264,373 SOL for 41.64 million USDC at an average price of $158 per token. The recurring deposits to Kraken suggest strategic liquidity management, though critics question the market impact of such concentrated movements.
DeFi Development Corp Files to Raise $1B for Solana (SOL) Purchases
DeFi Development Corp (NASDAQ: DEFI) has filed a Form S-3 with the U.S. SEC, seeking to raise up to $1 billion through securities offerings. The Florida-based blockchain firm plans to use the proceeds to acquire Solana (SOL) tokens, mirroring strategies employed by other institutional players.
The filing reveals intentions to register 1.24 million shares of common stock for potential resale. This move comes as SOL shows technical indicators suggesting a potential parabolic rally, with growing institutional interest serving as a key catalyst.
Market observers note the parallel to previous institutional SOL accumulation strategies through debt instruments. The proposed offering structure allows flexibility in pricing and terms, with securities potentially being sold in multiple tranches.
DeFi Development Co., ‘MSTR of Solana,’ Files $1B SEC Offering
DeFi Development Corporation, now colloquially referred to as the ’MicroStrategy of Solana,’ has submitted a $1 billion shelf offering to the U.S. Securities and Exchange Commission. The filing, made public on Friday, underscores the company’s strategic pivot toward Solana (SOL), including plans to accumulate a significant treasury of the token and operate validator nodes on its network.
Formerly known as Janover Inc., the firm rebranded as DeFi Development Corp on April 22, 2025, aligning its identity with its newfound focus on the cryptocurrency sector. The rebranding also included a change in its Nasdaq ticker from JNVR to DFDV.
The shelf offering allows DeFi Development to issue a range of securities—common and preferred stock, debt instruments, and warrants—up to a total of $1 billion. This flexible capital-raising mechanism positions the company to capitalize on opportunities within the rapidly evolving crypto landscape.
