Solana Skyrockets Past $100B Market Cap Again, What’s Fueling This Explosive Rally?

Key Takeaways:

• Solana’s market cap surged past $100 billion again in July 2025, marking its first time reaching the milestone in H2 this year.
• Price rally driven by ETF inflows and institutional staking – SOL’s value climbed over 30% in the past month.
• Whales and leveraged traders reap huge profits, with some positions gaining over $18 million amid the momentum.

After months of sideways trading and a brutal Q2 across much of the crypto market, Solana (SOL) has once again surged into the spotlight, crossing the $100 billion market cap threshold as bullish sentiment returns. Here’s a closer look at what’s driving Solana’s rebound and how key investors are capitalizing on the trend.

Read More: Solana Gains Momentum at $145; What it Means for SOLX and the Future of Layer-2 Crypto Presales

Key Metrics Snapshot (as of July 21, 2025)

Solana Regains Momentum After Mid-Year Dip

Market Cap Surge and Price Action

Solana has officially reclaimed its position as one of the top six cryptocurrencies by market cap, hitting $102.6 billion on July 21, thanks to a 6.18% 24-hour price spike. The token is now trading above $191, reflecting a broader rally over the last month where it surged nearly 35%.

The recovery is especially impressive because this is the first recovery and Solana has surpassed $100B in H2 2025 which it achieved in January when SOL reached an all-time high of $293.31 with a market cap of more than 117 billion. The token is not only recovering but also beating a few of its peers at the large-cap segment

Based on data compiled from multiple crypto tracking services, Solana is currently at #6 by market cap, just short of Binance coin (BNB) with a $111 billion cap and very far ahead of USDC, which is presently at around $62 billion.

Read More: SOL Strategies Launches $500M Tokenized Note to Increase Solana Staking Yields

What’s Fueling Solana’s Rebound?

Institutional Interest and ETF Inflows

A major catalyst behind Solana’s renewed surge is the growing wave of institutional adoption, driven in large part by the REX-Osprey SOL + Staking ETF, launched earlier this year. The fund has quickly attracted attention from crypto hedge funds, DAOs, and even traditional asset managers. As of mid-July, the ETF is closing in on $100 million in assets under management (AUM), and has recorded net inflows every week since its inception.

This ETF is unique in that it offers staking rewards directly to investors, something that sets it apart from traditional passive funds. With the ability to generate yield while holding SOL, it’s become particularly attractive in an environment where ETH staking yields have compressed.

In parallel, firms such as DeFi Development Corp, SOL Strategy, and several Web3-focused venture capital outfits have reportedly been accumulating SOL aggressively, integrating it into their treasury management and staking strategies.

Whale Trades, Leveraged Profits, and On-Chain Activity

The rally hasn’t gone unnoticed by high-risk traders. One particularly bold investor has been the subject of attention after opening a 20x long position on Solana via the HyperLiquid decentralized perpetuals platform. The trade, now sitting on an unrealized profit of over $18 million was executed when SOL was priced near $160 and has benefited enormously from the ongoing price climb.

Such a trade is incredibly risky and not advisable for most retail users, but it’s a sign that aggressive market players are feeling more confident. Leveraged configurations such as this are frequently indicative of expected volatility: upturned momentum or potential corrections.

On-chain metrics are also pointing to an increase in the number of transactions, with Solana recording more than $6 billion a day. The share of staking has improved, just as the prevalence of validators is on rise which signifies towards a growing and healthy network ecosystem.

What’s Next for Solana?

While SOL has yet to reclaim its all-time high of nearly $300, analysts across both centralized exchanges and DeFi communities believe the current fundamentals paint a bullish picture:

• The network remains one of the fastest in terms of throughput (measured in transactions per second).
• Developer activity on Solana continues to rise, particularly in areas like GameFi, DePIN (Decentralized Physical Infrastructure Networks), and NFT integrations.
• The FTX overhang, once a significant source of fear and downward pressure has largely diminished, with most of the bankrupt exchange’s SOL holdings already sold or committed to long-term vesting.

Open interest in SOL perpetuals has increased by 18.4% in the past week, pointing to a rising number of speculative positions being built in anticipation of future gains.

Analyst Perspectives & Industry Commentary

Many industry insiders believe Solana is no longer just an “Ethereum alternative” but a core infrastructure layer for the next generation of decentralized apps. According to Arthur Lin, a digital asset strategist at LunarBridge Capital, “Solana’s consistent performance despite macroeconomic headwinds, indicates a maturing ecosystem with sustainable demand drivers.”

The Staking-as-a-Service model, popularized through ETFs and managed validator funds, is expected to drive further inflows. “When yield meets liquidity, capital naturally flows there,” added Lin.

The post Solana Skyrockets Past $100B Market Cap Again, What’s Fueling This Explosive Rally? appeared first on CryptoNinjas.

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