- Solana price crosses $184 on Wednesday, on target to shut the primary half of Might over 25% features.
- NASDAQ-listed agency Defi Development proclaims the acquisition of one other 172,670 SOL value $24 million, boosting its whole holdings to 595,988 SOL.
- SOL has now breached the earlier 73-day peak set when Trump introduced SOL inclusion in his crypto strategic reserve government order on March 2.
Solana (SOL) price surged previous $184 on Wednesday, marking a 25% acquire in Might. The rally follows a recent capital injection by DeFi Development, reaffirming institutional confidence in Solana’s blockchain ecosystem amid favorable macroeconomic indicators.
NASDAQ-listed DeFi Development raises Solana holdings to $100M
Solana’s bullish momentum prolonged on Wednesday because the token climbed 2% intraday, mirroring a broader market raise fueled by softer-than-expected US inflation knowledge.
Danger urge for food amongst buyers returned after April’s Consumer Price Index (CPI) report hinted at potential Federal Reserve charge cuts, including a tailwind to digital belongings.
Solana’s price upswing on Wednesday was linked to a high-profile announcement by NASDAQ-listed agency DeFi Development, confirming the acquisition of 172,670 SOL value roughly $24 million.
This brings the agency’s whole Solana holdings to 595,988 SOL, valued at $100 million on the reporting time. The corporate doubles down on its technique to amass Solana as a long-term strategic reserve asset.
DeFi Development’s rising stake in Solana arrives when main establishments and sovereigns are racing to pivot towards cryptocurrencies for portfolio future-proofing, diversification and hedge in opposition to financial dangers.
Solana price hits $180 first time since Trump’s crypto reserve announcement
With Wednesday’s breakout above $184, Solana price has now surpassed native peaks final reached on March 2, when US President Donald Trump introduced SOL in a proposed federal crypto strategic reserve.
Nevertheless, the rally was short-lived, as subsequent tariffs confirmed on March 3 triggered a sector-wide correction.
Not like that earlier transfer, Solana’s newest leg-up is pushed by inner catalysts, led by institutional accumulation and ecosystem development, as evidenced by DeFi Development’s $24 million inflows this week.
Solana price motion | SOLUSD (Binance) | Might 14, 2025.
This breakout above a 73-day resistance zone emphasises the power of present market demand. It additionally highlights Solana’s resilience in comparison with friends akin to Cardano and XRP, which stay beneath their March 2 peaks at $2.9 and $1.2, respectively.
Solana market dominance surges as rivals battle for traction
Regardless of stalled progress on Trump’s crypto initiatives and the US Securities and Change Fee (SEC) delaying several altcoin ETF decisions till June, Solana continues to outperform its friends.
Validating this narrative, SOL.D TradingView’s Solana dominance metric that tracks Solana’s share of the overall crypto market, has climbed from 2.13% on April 7 to 2.8% as of Wednesday.
Solana market dominance | SOL.D | TradingView | Might, 2025.
The SOL.D uptick reinforces the narrative that Solana’s present momentum is much less about political tailwinds and extra about inner development catalysts boosting on-chain exercise and institutional adoption.
Why is Solana price outperforming XRP and Cardano in Might 2025
Solana price advances by $180 on Wednesday, buying and selling above the vital resistance set when Trump introduced the crypto strategic reserve on March 2. In the meantime, rivals like Cardano and XRP have stagnated beneath $2.9 and $1.2 as Trump’s crypto proposals stay in limbo.
Latest studies present that Solana advantages from separate demand drivers, together with the adoption of the $100 million company reserve by DeFi Development.
Past that, retail adoption of Solana memecoins has accelerated within the current months, additional amplified by Trump’s official token launch at inauguration.
Earlier this week, Pump.enjoyable, Solana’s native memecoin launchpad, introduced a 50% income sharing program that would additional speed up the community development within the coming months.
What’s subsequent?
Solana’s newest price breakout above $180, with market share nearing 3%, attracts buyers’ consideration because it comes throughout a interval the place Trump’s crypto strategic reserve proposal has stalled in Congress, and the US SEC is delaying altcoin ETF verdict till June.
Solana’s potential to decouple from rival XRP and ADA emphasizes the presence of lively inner development catalysts propelling the continued SOL price rally.
It stays to be seen whether or not SOL can set up regular assist above the $180 degree. Extra so, with the SEC’s resolution on Solana ETFs now slated for June 16, SOL may start to obtain extra influx from strategic buyers like DeFi Development, looking for to front-run the optimistic influence of a possible approval verdict.
