On June 14, 2025, Solana (SOL) traded at $144.14, reflecting a slight decline of 2.06% within a 24-hour period. The price remains within the $145–$149 consolidation range following a broader correction in the crypto market linked to rising geopolitical tensions. Notably, two significant institutional developments have emerged, indicating a bolstered engagement with the Solana ecosystem. James Seyffart of Bloomberg confirmed that all seven spot Solana ETF issuers, including major players like Fidelity and Grayscale, submitted updated S-1 filings to the SEC this week. These filings now incorporate staking provisions, providing structural alignment with Solana's on-chain economics. Furthermore, the DeFi Development Corp, a Nasdaq-listed company tied to Solana, announced a $5 billion equity line of credit (ELOC) with RK Capital, allowing for a gradual accumulation of SOL rather than a fixed-price issuance. This follows a minor regulatory hurdle, as the firm sought to withdraw a previous registration statement due to technical eligibility concerns flagged by the SEC. The DeFi Development Corp reaffirmed its commitment to expanding its SOL treasury, which holds over 609,190 SOL valued at around $97 million. CEO Joseph Onorati stated that the new capital structure presents a strategic path for scaling exposure while enhancing validator yield. Meanwhile, technical analysis reveals that SOL traded within a range of $4.57 (3.08%) over 24 hours, with notable resistance around $149. High-volume selling contributed to a drop from $145.95, although whale accumulation persists below the $146 mark, albeit with limited follow-through.
Solana's SOL Hits $145 Amid Institutional Momentum and ETF Developments
Solana's SOL is showing signs of stability around $145, backed by institutional interest and developments regarding multiple ETFs. Despite recent market corrections, the outlook remains cautiously optimistic.
Jamie Bennett
Crypto Analyst
5 min read
1,319
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
SOL
SOL
BUY
Entry Price
$146
Confidence
80%
Stop Loss
$142
Take Profit
$150 - $155
The positive institutional news and ongoing bullish momentum suggest a favorable entry point for SOL.
