Solana’s native token SOL has captured attention after breaking above $250 on Thursday, marking its highest price point since January. The rally represents a 163% gain from April lows and has outpaced the broader altcoin market by 25% over the past month.
Corporate adoption has emerged as a primary driver behind SOL’s recent price action. Companies implementing SOL as a treasury reserve asset have collectively accumulated over 17 million tokens valued at $4.3 billion, according to Strategic Solana Reserve data.
Forward Industries leads these holdings with 6.82 million SOL, followed by Sharps Technology with 2.14 million SOL. Defi Development Corp and Upexi Inc. each hold close to 2 million SOL tokens.
This corporate strategy mirrors the model popularized by Michael Saylor at MicroStrategy, involving debt issuance and share offerings to purchase cryptocurrency. Helius Medical Technologies announced a $500 million SOL-focused treasury program on Monday.
The Securities and Exchange Commission introduced new regulatory standards Wednesday that could accelerate spot cryptocurrency ETF approvals. Multiple Solana ETF applications face deadlines in October, with Grayscale’s Solana Trust due October 10 and other funds scheduled for October 16.
Polymarket data indicates rising odds for ETF approval over recent months. The SEC already approved Grayscale’s Digital Large Cap Fund, a $930 million multi-asset crypto product that includes SOL alongside Bitcoin and Ethereum.
Options market activity supports bullish sentiment, with put-to-call premium ratios ranging between 14% and 57% over the past week. This indicates higher demand for call options compared to puts, contrasting with typically bearish readings above 200%.
Perpetual futures funding rates have remained near 8%, below the 15% threshold typically seen during strong bull runs. This suggests limited leverage demand despite SOL’s recent gains.
Solana’s upcoming Alpenglow upgrade promises enhanced network capabilities. The transition from proof-of-authority to proof-of-stake aims to reduce finality times from 12 seconds to 100-150 milliseconds.
Transaction throughput will increase to approximately 107,000 transactions per second under the new system. Solana currently processes over 1.9 billion transactions monthly, exceeding volumes on Ethereum, Sui, Cardano, and Polygon networks.
The blockchain has gained traction in trading, stablecoin settlements, and real-world asset tokenization. Recent data shows Solana closing the gap with Nasdaq on daily trade settlements.
Staking yields provide additional appeal for institutional holders. SOL offers 6.8% staking returns compared to Ethereum’s 2.9%, creating ongoing revenue streams for corporate treasury holders.
Technical indicators support continued upward momentum. SOL trades above all major moving averages while the Average True Range has increased, indicating growing price momentum.
The Relative Strength Index and MACD oscillators show rising trends on daily charts. These patterns typically precede continued price advances toward previous highs.
Solana ranks second in total value locked at $14.6 billion, trailing Ethereum’s $101.6 billion but maintaining steady growth across decentralized finance applications.
Companies holding SOL treasuries benefit from both price appreciation and staking rewards, differentiating their strategy from traditional Bitcoin reserve approaches. CoinGecko data shows corporate SOL holdings now exceed $3 billion in total value.
The post Solana (SOL) Price: Corporate Buying Spree Fuels Rally to 8-Month Highs appeared first on CoinCentral.
Also read: Could Solana Reach $440 by December 2025?
