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Coinpaper 2025-09-29 14:02:28

Solana Treasury Holdings Hit 3.64% of Supply as Analysts Eye $1,000 Target

Solana is increasingly capturing institutional attention as treasury holdings and upcoming catalysts fuel speculation about higher valuations. Data from analyst TedPillows shows that companies now collectively hold over 20.9 million SOL, which accounts for nearly 3.64% of the token’s total supply. This growing interest positions Solana as the third preferred asset for institutions, after Bitcoin and Ethereum. The concentration of treasury holdings highlights its rising credibility within the broader crypto market. Breakout Signals and Bold Forecasts As of press time trading around $207, the price of Solana has rebounded strongly after confirming a breakout from long-term resistance levels. According to analyst CryptoCurb, the decisive move above $200 has shifted market dynamics, with fresh support forming between $150 and $200. If momentum continues, the analyst projects a potential rally toward $1,000 by December. This aligns with historical parabolic runs that followed accumulation phases. Furthermore, CryptoCurb suggests that after short-term consolidation near $1,300, Solana could extend its rally toward $2,000 by May, fueled by institutional inflows and broader network growth. Dominance Trends Support the Case Analyst AltcoinGordon highlighted Solana’s dominance chart, which shows an ascending triangle pattern. This structure suggests a bullish continuation, with support established near 2.4% and resistance at 4.8% to 5%. Current dominance stands at 2.94%, consolidating after a rebound from trendline support. Source: X If buyers maintain control above the lower threshold, Solana could attempt a breakout beyond 5% dominance. Such a move would imply SOL outperforming the broader crypto market and potentially support the $1,000 target. Key Catalysts Ahead Besides the technical outlook, fundamental drivers may shape Solana’s performance in the coming months. Several ETF applications face key deadlines in October, with Canary’s final decision due on October 7 and VanEck’s on October 15. Additionally, Franklin’s Solana ETF and Grayscale’s conversion proposal both reach decision points on October 16. Positive approvals could ignite fresh capital inflows, providing further momentum. Another significant catalyst is the upcoming Alpenglow upgrade, scheduled for late this year or early next year. This upgrade is expected to reduce block finality from 12 seconds to under 150 milliseconds. Such speeds would outperform Google and Visa, strengthening Solana’s position as a scalable blockchain solution.

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