Solana price reached $138 on December 12, 2025, posting a 5% gain over 24 hours. The cryptocurrency has been trading in a consolidation pattern between $130 and $138 for several days.
The broader crypto market gained 2.08% during this period. Institutional buying helped drive the increase across multiple cryptocurrencies.
SOL currently sits below a key trendline that analysts are watching closely. The cryptocurrency has been in an accumulation phase, with buyers monitoring for a potential breakout.
$SOL Still Moving inside the Accumulation phase & Below the major Trendline..!!
Once the trendline breaks, we can expect +50% Bullish Rally so keep accumulating..
#SOL #Solana #SOLUSDT pic.twitter.com/WnSTc4VWSd
— Captain Faibik
(@CryptoFaibik) December 12, 2025
Hex Trust and LayerZero introduced Wrapped XRP on the Solana blockchain. This development added new functionality to the network’s ecosystem.
HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana.
Read more:…
— Hex Trust (@Hex_Trust) December 12, 2025
Coinbase announced it will facilitate trading of Solana tokens without requiring formal listing. Users on the exchange can now access tokens within Solana’s ecosystem directly.
Solana ETFs recorded $11.02 million in daily net inflows. Total inflows reached 672.48 million across multiple products.
JUST IN: $SOL ETF'S HAD $11,000,000 INFLOWS TODAY!
INSTITUTIONS ARE ACCUMULATING SOLANA.#SOLANA
pic.twitter.com/rkQW4vko9I
— curb.sol (@CryptoCurb) December 13, 2025
Bitwise’s BSOL led with $4.44 million in inflows and a premium of 0.83%. Fidelity’s FSOL brought in $3.56 million with a 0.70% premium.
Grayscale’s GSOL received $2.59 million with a 0.09% premium. VanEck’s FSOL recorded $437,550 in inflows during the same period.
The MACD indicator shows neutral momentum. The MACD line sits just above the signal line, indicating limited directional pressure.
The Chaikin Money Flow indicator registered 0.03. This reflects positive but weak capital flow into the market.
Solana faces resistance at $140. The price has tested this level multiple times in recent trading sessions without breaking through.
If buyers push through $140, the next target sits at $150. A breakout above this range would confirm the bullish rally scenario.
Support holds at $130 for now. If this level fails, the next support zone appears at $120.
BitMEX founder Arthur Hayes said Ethereum and Solana will likely be among the few layer-1 blockchains to survive long-term. Most other networks will go to zero, according to Hayes.
Hayes noted that meme coins drove much of Solana’s demand in 2024 and early 2025. However, he said the network needs a new growth driver moving forward.
Solana’s lending market has grown to over $3.6 billion in the last 24 hours. JPMorgan recently conducted a debt deal with Galaxy on the Solana network.
SOL retested a major support level on Thursday, dropping to $129 after the Federal Reserve announced another rate cut. The price bounced back to $136, showing accumulation activity.
Whale activity increased across spot and derivatives markets. However, overall demand from large holders remains relatively weak.
The post Solana (SOL) Price: Arthur Hayes Names Two Blockchains That Will Survive appeared first on CoinCentral.
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