SOL breaks through $140, this time not just hype but a proof of ecological prosperity

SOL has increased by 1.69% in the past 24 hours, currently trading at $139.97, with a market capitalization of $78.942 billion, ranking 6th globally. This modest rise reflects multiple resonances behind the scenes: accelerated institutional capital deployment, comprehensive on-chain ecosystem activity, and record-high network fundamentals. From a single-day record of ETF inflows to Circle’s large-scale stablecoin minting, from Meme coin sector recovery to soaring perpetual contract trading volume, SOL’s rise is not an isolated price movement but a concrete manifestation of an ecosystem prosperity cycle.

Dual Boost from Institutional Capital and Retail Sentiment

Institutional investors’ attitude towards SOL is clearly shifting. Solana spot ETF experienced a net inflow of $16.8 million in a single day, setting a record for the largest single-day fund inflow since listing, with total net inflows reaching $791 million and assets under management surpassing $1 billion. Behind this data is Morgan Stanley’s move to submit the Solana Trust S-1 filing to the U.S. SEC, indicating traditional financial giants are accelerating their deployment.

On-chain data also show growing confidence among institutional holdings. A whale that previously experienced a loss of $74 million has successfully recovered, now holding a long position with an unrealized profit of $26.82 million. The stability and increased holdings of such large positions provide strong support for the market. Meanwhile, the revival of the Meme coin sector reflects a rebound in retail risk appetite—Solana Launchpad’s daily token creation has remained above 25,000 for five consecutive days, with Pumpfun accounting for 70% of the market share, and LetsBonk’s market share recovering to over 15%.

Comprehensive Activation of On-Chain Liquidity and Trading Ecosystem

The injection of stablecoin liquidity is a key factor driving on-chain activity. Circle’s large-scale USDC minting on Solana provides ongoing support—since 2026, a total of 1.75 billion USDC has been minted, with another 1 billion minted in the past 24 hours. Sufficient stablecoin reserves often precede increased trading activity, laying a solid foundation for DeFi protocols and DEX trading.

This trend aligns with on-chain trading data. Raydium’s USD1 trading volume exceeded $260 million, and perpetual contract platforms like Pacifica are attracting traders by reducing fees, with all trading fees halved until the end of the month. The expansion of these platforms not only enriches trading tools but also further enlarges the network’s user base.

Historic Breakthroughs in Fundamental Data

The performance of SOL network indicators in 2025 provides solid support for long-term growth:

These multidimensional growth metrics indicate that Solana’s infrastructure value is widely recognized by the market. Meanwhile, Western Union plans to launch the USDPT stablecoin in 2026, Visa has settled millions of dollars in USDC on the network, PayPal has issued the PYUSD stablecoin, and Franklin Templeton’s on-chain assets are growing at 64% per month, with a regulated on-chain asset scale reaching $10 billion—deep participation by traditional financial institutions provides institutional support for SOL’s long-term value.

Summary

The 1.69% increase in SOL reflects a complete story of ecosystem prosperity. From accelerated institutional deployment to retail sentiment revival, from stablecoin liquidity injection to platform expansion, from historic network indicator breakthroughs to deep involvement of traditional finance, these factors collectively underpin SOL’s rise. This is not short-term speculation but a genuine improvement in fundamentals. Future focus should be on whether this ecosystem activity can be sustained and whether institutional capital inflows will further accelerate.