Solana Latest Updates: Institutional Interest Drives Solana Growth While Meme Coin Presales Ignite Speculative Frenzy

Bitget-RWA2025/10/24 19:44

By: Bitget-RWA

- Solana (SOL) surpassed $190 as Fidelity added it to its crypto suite, signaling institutional confidence in its scalability. - Technical analysts project $320–$500 price targets, while Hong Kong approved the first Solana ETF, boosting liquidity and adoption. - Mercer Park plans a $500M Solana treasury to generate 7–9% annual staking yields, leveraging the blockchain’s 6.86% average returns. - Meme coin MoonBull ($MOBU) raised $450K in a presale with a 9,256% ROI potential, contrasting with slower growth

Solana (SOL) has climbed above $190, driven by growing institutional involvement and positive technical outlooks. Fidelity Investments has recently incorporated

Solana

into its suite of cryptocurrency trading options, a development that experts believe could introduce additional liquidity to the platform. By adding SOL alongside

Bitcoin

and Ethereum, the asset management giant is demonstrating increased mainstream trust in Solana’s scalability and performance. Additionally, Hong Kong authorities have approved the first spot Solana ETF, managed by ChinaAMC, further highlighting institutional engagement, according to a report from crypto.news

Solana Latest Updates: Institutional Interest Drives Solana Growth While Meme Coin Presales Ignite Speculative Frenzy image 0

Market analysts are also expressing confidence. Altcoin Gordon pointed out an ascending triangle formation on Solana’s weekly chart, suggesting a possible price target between $320 and $500, as reported by BeInCrypto

. This positive outlook is further supported by Fidelity’s $16 trillion in managed assets, which could inject significant capital into Solana’s ecosystem. With its rapid transaction capabilities and support for tokenized assets such as Tether’s

USDt

and XAUT, Solana is positioning itself as a major force in decentralized finance (DeFi) and real-world asset (RWA) trading, according to the same BeInCrypto article.

Institutional engagement extends beyond trading activities. Mercer Park Opportunities Corp. has revealed plans to purchase Cube Group for $300 million and create a $500 million Solana treasury. The newly formed company intends to earn returns through staking, with expected annual yields of 7–9%, as detailed in a Cryptopolitan article

. This move follows a broader trend of companies utilizing Solana’s average staking yield of 6.86% to enhance their corporate treasuries, the report adds.

Although Solana is capturing much of the spotlight,

SUI

and

Ethereum

(ETH) are also drawing significant interest. SUI, the native asset of the SUI blockchain, is gaining momentum due to its scalable design, enabling parallel transaction processing and minimal fees, as covered by Analytics Insight

. Experts note that its emphasis on developer accessibility and Web3 integration makes it a contender for next-generation networks. Meanwhile, Ethereum continues to be foundational for DeFi and NFT sectors, with its shift to proof-of-stake improving efficiency and lowering transaction costs.

MoonBull’s rise stands in contrast to

Dogwifhat

($DOGW) and

Shiba Inu

($SHIB), which have also seen trading activity but do not offer the same potential for returns. Dogwifhat reached a price of $0.5489, while Shiba Inu traded at $0.00001024, with both relying heavily on community enthusiasm, according to BitJournal.

The cryptocurrency sector is increasingly influenced by both institutional strategies and speculative presales. As Solana’s network grows and projects like MoonBull capture the attention of retail investors, the market continues to be divided between established platforms and high-risk, high-reward ventures.

Solana Latest Updates: Institutional Interest Drives Solana Growth While Meme Coin Presales Ignite Speculative Frenzy

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