On September 17, Solana (SOL) price ended its three-day losing streak and tested the $240 level, giving back some of last week’s gains.
The rebound could offer a potential entry point as futures open interest climbs, today’s Federal Reserve rate cuts , and corporate buying picks up.
During an interview on CNBC on Tuesday, Pantera Capital CEO Dan Morehead confirmed that Solana was the firm’s largest digital asset exposure at $1.1 billion.
He highlighted Solana as the fastest and most cost-effective protocol and pointed out that it has outperformed Bitcoin over the past four years.
Solana (SOL) Price Eyes Surge 25% Soon
Solana’s price could be setting up for a strong surge in the weeks ahead as investor demand in the derivatives market continues to grow.
Data from CoinGlass shows that futures open interest has climbed sharply this year, hitting over $16 billion on Wednesday. This is a big jump from the $6.8 billion level at the start of the year and the March low of $3.64 billion.
At the same time, the weighted funding rate has stayed positive in recent days, suggesting investors expect Solana’s price to move higher from here.
One key source of demand for Solana is institutional investors, who have begun accumulating the token in a way similar to how MicroStrategy built its Bitcoin holdings.
Data shows that firms such as DeFi Development, Upexi, Sharps, and Sol Strategies have purchased more than 6.5 million tokens valued at over $1.5 billion.
Momentum could build further with the recent listing of Sol Strategies recently on Nasdaq and as more companies signal interest in Solana.
Drawing comparisons among firms holding BTC versus those holding Solana shows a clear difference in potential returns.
Bitcoin holders rely mainly on price appreciation, while Solana holders also earn staking rewards.
With an average yield of about 8%, a company holding $500 million in SOL could generate roughly $40 million in annual staking revenue.
In addition, Solana may see extra tailwinds from the Federal Reserve’s upcoming interest rate cuts.
Lower borrowing costs often fuel risk-taking, particularly in the meme coin market, where Solana has established a dominant position.
Meanwhile, the U.S. SEC is expected to approve several SOL ETFs in October, which could provide a strong boost for the coin.
Pantera Capital CEO Confirms $1.1B Investment Exposure
Pantera Capital CEO Dan Morehead, in an interview on CNBC on Tuesday, said that Solana represented Pantera Capital’s largest digital asset exposure at $1.1 billion.
He noted that Solana was the fastest and most cost-effective protocol and pointed out that it had outperformed Bitcoin over the past four years.
He also emphasized the firm’s commitment to giving everyday investors access to assets that were less well-known but had delivered strong performance, adding that Solana was their biggest position with $1.1 billion worth of SOL on the books.
Additionally, institutional demand is on the rise with companies such as Helius and Forward Industries introducing treasury strategies around Solana.
Canadian investment firm, SOL Strategies, which has exposure to the token, also began trading on Nasdaq last week under the ticker STKE, underscoring Solana’s growing prospects as a mature digital asset
What’s Next For Solana Price
The weekly chart shows that Solana price has staged a strong recovery, climbing from a low of $94.95 on April 7 to the press time price of $233.
The price has broken above the Ichimoku cloud and the 50-week Exponential Moving Average (EMA), signaling a clear bullish breakout.
The MACD has also continued to rise, recently crossing above the zero line, which points to further upside.
Meanwhile, the Relative Strength Index (RSI) is pushing higher and is now close to the overbought level of 70.