Solana Approaches $200 as Experts Predict Major Bull Run with Golden Cross Formation

The prices of Solana have approached the $200 mark, driven by news of Upexi’s acquisition of 100,000 SOL.

At the time of writing, the coin is trading at $195.47, according to CoinGecko. Over the past week, the token has surged by 17% and has increased by 44% in the last month.

Upexi’s total reserves have reached 1,818,809 SOL, valued at $331 million. The company financed this purchase through $200 million in equity and convertible notes.

According to a press release, the corporation acquired more than half of the tokens at a discount, resulting in an unrealized profit of $58 million factoring in the price increase and discount. Almost all of the coins have been staked, with the platform anticipating an annual return of $26 million at the current rate of 8%.

Upexi’s CEO Allan Marshall described this strategy as “a groundbreaking treasury management model for altcoins in public markets.” The firm also introduced a new valuation metric called Basic mNAV, calculated as the ratio of market capitalization to the value of SOL in reserves.

The announcement of this significant purchase coincided with the prediction of a crypto analyst known as Christiaan, who stated that Solana is “primed for a major pump” and could reach between $400–500 in the ongoing bull phase.

“Whales have accumulated substantial positions in Ethereum, including a recent share from SharpLink, while Solana continues to attract attention due to its thriving DeFi and meme coin ecosystems,” the speaker noted.

Alexander Peresichan, CEO of TECHNOBIT, emphasized that the growth seen in Ethereum and Solana is no coincidence, as these platforms are direct competitors and are often viewed by investors as alternative options with comparable potential.

“Solana is a high-performance blockchain designed for scalability and reduced latency via its Proof-of-History consensus mechanism. This technological foundation allows Solana to surpass Ethereum in transaction processing speed and cost reduction,” the expert commented.

A representative from Bitget stated that whales remain focused on established first-tier platforms known for high efficiency, though there is also noticeable interest from major investors in highly volatile tokens like PEPE and WIF.

“With the increase in total value locked, steady inflows into ETFs, and strategic positioning by whales, Bitcoin, Ethereum, and Solana all have strong potential for further growth in Q3 2025,” the expert concluded.

Omkar Godbole, co-editor of CoinDesk, anticipates a rise in the “people’s cryptocurrency” to $215 and beyond. He noted that technical indicators suggest a continued bullish trend.

He mentioned that the positive sentiment is also reflected in the ascending moving averages on both daily and intraday charts. The Bollinger Bands have expanded to their widest since Q1, signaling the end of a low volatility period and indicating possible growth.

Moreover, the 50-day simple moving average (SMA) is preparing to cross above the 200-day SMA. This pattern, known as a “golden cross,” is regarded as a strong bullish signal.

Taken together, these factors point towards a potential rise in SOL towards the upper boundary of the ascending channel.

It’s worth recalling that on July 21, Solana’s price reached $200 for the first time since February. This surge followed the announcement of a new block creation architecture from Jito Labs and Jito Foundation.