Solana News Today: Robinhood and Whales Fuel Solana’s $200 Rally as $1B Treasury Talks Emerge

Solana’s price surged past $200 on August 26, 2025, with the token trading in the $204–$208 range amid renewed investor interest. This rally coincided with Robinhood’s launch of micro futures for SOL, offering retail investors a new way to participate in the asset’s volatility. The market capitalization for Solana currently stands at $112.5 billion, with daily trading volume rising 176% from last week’s averages to exceed $6.6 billion [1]. Whale activity has also intensified, with institutional and large investors accumulating positions in the $190–$200 range, signaling confidence in a potential push toward $250 [1].

On-chain data reveals that Solana’s ecosystem has seen a surge in token buybacks, with weekly buyback activity jumping from $14.5 million to $46.8 million in just two weeks. This represents a 158% increase and highlights the growing investment in Solana’s network by its ecosystem participants [1]. Notably, Solana-based projects now account for 40% of all crypto project buybacks, up from 11% in June, reinforcing the token’s foundational strength [1]. This trend has been supported by exploratory initiatives from the European Union, which is examining Solana’s infrastructure for digital currency applications [1].

Technically, Solana faces critical resistance at the $210 level, where it has failed to break through on multiple attempts. However, the asset remains in a bullish trendline with higher lows from July, and RSI and MACD indicators suggest continued upward momentum [1]. Traders are closely watching volume dynamics at the $210 level to confirm a breakout, with potential targets at $218, $228, and ultimately $250 [1]. On the downside, key support levels are at $195 and $187, with a significant fail level at $176 if the upward momentum stalls [1].

Institutional interest in Solana has further intensified, with VanEck filing for an ETF backed by JitoSOL staking tokens. If approved, such a product could bring billions into the market, accelerating Solana’s revaluation [1]. Additionally, reports indicate that Galaxy Digital , Jump Crypto, and Multicoin Capital are in talks to establish a $1 billion treasury fund dedicated to Solana, which would be the largest reserve of its kind for the asset [2]. This strategy mirrors the approach taken by Michael Saylor’s company with Bitcoin and is viewed as a prudent financial strategy given Solana’s high staking yield of over 7% [2].

Despite these bullish fundamentals, Solana’s price has experienced short-term volatility. On August 25, it fell nearly 6% to $188.40 amid broader market jitters following a weekend Bitcoin sell-off [2]. However, open interest for Solana futures reached a record high of $6.34 billion on August 24, reflecting sustained speculative interest. Liquidation data also shows a majority of forced closures have been long positions, suggesting a bearish correction is underway [2]. While these short-term pressures persist, long-term demand remains robust, and analysts remain cautiously optimistic about the token’s trajectory [2].

Market comparisons show that Solana is one of the strongest-performing altcoins, gaining 8.1% over the past week compared to Ethereum’s 6.7% and Bitcoin’s 4.2% decline [1]. Its market structure is underpinned by strong on-chain activity, including protocol revenue and cross-chain integrations, which provide a durable basis for price appreciation. If institutional adoption and DeFi growth continue to align, some analysts suggest that Solana could eventually target much higher price levels [1].

Source: [1] Solana (SOL-USD) Price Forecast - Trading News [2] What a $1 Billion Solana Treasury Play Would Mean for SOL