Catenaa, Sunday, July 27, 2025-Solana surged more than 12.26% early this week pushing its price above $200 for the first time since early February.
The cryptocurrency traded at $203.50 Monday night, driven by renewed investor confidence and improved liquidity, analysts said.
Vincent Liu, chief investment officer at Kronos Research, called $200 a key psychological and technical milestone for Solana, signaling stronger market momentum.
The recent price rally was fueled by multiple factors, including the upcoming launch of Jito Foundation’s Block Assembly Marketplace (BAM).
BAM aims to increase transparency and verifiability in transaction sequencing on Solana, reduce harmful miner extractable value (MEV), and boost programmable innovation on the network.
Nick Ruck, research director at LVRG, said the new marketplace architecture has sparked optimism among traders who believe Solana has been oversold despite ongoing development activity.
The DeFi Development Corp’s recent $19 million raise and purchase of 141,383 SOL also contributed to the rally. The company’s treasury now holds just under one million SOL tokens, signaling strong institutional interest.
Liu highlighted growing optimism over a potential Solana exchange-traded fund decision expected on October 10, which is deepening liquidity and boosting momentum.
Meanwhile, bitcoin edged down 0.65% to $117,182, with Ethereum, XRP, and Binance Coin posting modest gains. Bitcoin’s market dominance has fallen 7.5% over the last month to 60.6%.
