Solana's explosive rise has traders on alert: it rises 25% and they expect a jump to $280.

Solana's price has surpassed $200 after a 25% rally in the last week, driven by technical advances, institutional support, and on-chain activity. Traders anticipate a possible jump to $280 very soon.

Solana has exceeded $200 for the first time since February, after a week of accelerated growth that placed it 25% above its previous price. 

In the last 24 hours, the cryptocurrency has gained nearly 6%, maintaining a strong bullish trend that has captured the attention of traders, institutional investors, and developers. The combination of technical innovations, capital movements, and on-chain metrics suggests that Solana could be facing a new expansionary phase.

Block Assembly Marketplace arrives, boosting Solana's price

One of the main catalysts behind SOL's recent rise has been the Spanish President Pedro Sánchez’s announcement of the Block Assembly Marketplace (BAM), developed by Jito Labs. This tool introduces a New architecture for building blocks in Solana, focused on optimizing transaction sequencing, reducing harmful MEV, and improving overall network privacy and efficiency.

For validators and developers, BAM represents an opportunity to access new revenue streams while strengthening decentralization and operational flexibility within the blockchain network. 

This technological development has been enthusiastically received by key ecosystem players and the crypto community, who highlight its transformative potential and view it as a significant innovation for Solana compared to other blockchain execution environments in the crypto ecosystem.

Institutional support marks the rally

Solana's institutional trading volume has also driven the rally. DeFi Development Corp, an entity focused on decentralized infrastructure, recently made a purchase of over 141.000 SOL, equivalent to approximately $19 million. Experts have commented that this transaction not only demonstrated the available liquidity, but also reaffirmed institutional confidence in the sustained growth of the Solana ecosystem and its native cryptocurrency.

In the current context, where signs of protocol consolidation are closely watched by large funds and developers, movements like this tend to amplify positive market sentiment, organically driving up the price.

Interest in leveraged products soars

On the other hand, market data shows that the volume of Solana-linked derivatives has experienced a significant acceleration. 

In just two weeks, open interest in SOL futures has nearly doubled, increasing by nearly 90% and reaching $ 11.800 million dollars According to data from Coinglass, these figures indicate increased speculative and hedging participation by traders and investors in the market.

On the other hand, the prospect of a Solana-based spot fund listing is gaining traction. Some rumors in financial forums and trading communities point to the possible approval of a SOL-based ETF by October, which, if realized, would mark a milestone in the cryptocurrency's integration into regulated financial markets.

Although there are no official statements yet, the expectation has been enough for large operators to adjust their positions, influencing the volume and volatility of the digital asset. Likewise, experts on the subject, such as James Seyffart and Eric Balchunas, of Bloomberg, estimate that the probability of approval for these SOL-based financial instruments is high, with un 95% that this will be realized in 2025At the same time, there has been an increase in the volume of perpetual contracts and options expiring within the next 90 days.

Over $530 million tokenized on the Solana network

As SOL's price adjusts to the new wave of confidence, on-chain data reveals a significant expansion in the tokenization of real-world assets (RWA) on the Solana blockchain. Currently, there are more than $530 million in tokenized assets hosted on this blockchain, a figure that puts it ahead of several competitors in terms of implementation and use cases.

According to data from the RWAxyz platform, Solana ranks third among the most widely used blockchain networks for RWA tokenization today, after Ethereum and ZKSync Era. 

The cost structure, execution speed, and technical scalability are factors that have made the Solana network fertile ground for institutional adoption of tokenized financial products, including bonds, real estate, and trading assets. For experts, this practical adoption reinforces the fundamental value of the SOL cryptocurrency and, according to some analysts, provides greater resilience to bearish cycles in the crypto market. 

Analysts project a jump to $280

Regarding technical analysis, Solana recently broke out of an ascending triangle, reinforcing the idea of a legitimate breakout. Analysts currently place the next relevant resistance around $218 and $222. If this range is breached with sustained volume, the next target would be the $250 to $280 range, with some technical models even considering the possibility of reaching all-time highs near $300 in the third quarter. If SOL manages to reach this value, would break its current all-time high (ATH) of $293,31, seen in January of this year. 

On the other hand, indicators such as the RSI, MACD, and the 50- and 200-day moving averages show consistent bullish crossovers, with no immediate signs of overbought conditions. This has led some traders to adjust their return projections for the coming weeks, although they warn that volatility could intensify due to a possible rejection at critical resistance zones.

In short, Solana's rally reflects a clear convergence of technological innovation, institutional confidence, operational strength, and speculative dynamics. While there are still areas of resistance that could limit immediate progress, the set of indicators points to an expansionary narrative that could consolidate if the macro and regulatory environment continues to align.

The coming days will be crucial to validating this trend, especially given new development announcements and the evolution of financial products linked to this innovative cryptocurrency.