Solana Surges Over 12% — Breaks $200 to Hit 5-Month High

TradingKey – On Tuesday, July 22, Solana (SOL) extended its rally, jumping 12.11% in the past 24 hours to a high of $203.86, marking its strongest level since February 2025.

Solana 4-Hour Price Chart – Source: TradingView

Monthly Performance and Market Position

Over the past month, SOL has rebounded more than 50%, outperforming Bitcoin (+15%), but trailing Ethereum (+66%) and Ripple (+72%).

At press time, Solana’s market cap has surpassed $100 billion, currently sitting at $109 billion, ranking #4 among all cryptocurrencies (excluding stablecoins), behind only BTC, ETH, and XRP.

Top 10 Cryptocurrencies by Market Cap – Source: CoinMarketCap

Corporate Holdings of SOL

Several publicly listed companies have accumulated significant SOL reserves:

• Upexi (NASDAQ: UPXI) holds 1.82 million SOL, making it the largest corporate holder
• DeFi Development Corp (DFDV) ranks second with nearly 1 million SOL

Solana’s breakout above the $200 psychological barrier has reignited bullish sentiment, with analysts eyeing $260 as the next resistance zone. Institutional inflows, ETF momentum, and rising on-chain activity continue to support the uptrend.