Solana (SOL) bulls have stacked up another 7% rally for SOL over the past day, as the Web3 market decisively leans in favor of altcoins. SOL\u2019s impressive uptrend over the last week has already helped the Layer 1 crypto hit $240 \u2013 a price level not seen since the end of January.<\/p>\n
Now that Solana has flipped Binance Coin (BNB) to enter the top 5 cryptos by market cap, industry veterans are becoming even more vocal about SOL\u2019s bright future. Matt Hougan, the CIO of Bitwise Investments, recently shared his thoughts on how corporate and institutional accumulation of SOL could unleash a new era of growth for the altcoin.<\/p>\n
With SOL currently still trading around $240, market analysts are highly optimistic about the coin\u2019s recovery above $250 in the near term.<\/p>\n
Meanwhile, Blockchaincenter.net\u2019s altcoin season index<\/a> confirms a full-blown altseason, showing a reading of 78. This is precisely why smart money is now betting big on smaller-cap altcoins in search of higher returns.<\/p>\n One project that has resonated with crypto whales is Snorter Bot (SNORT)<\/a>, an automated trading solution on Solana and\u00a0 Telegram that has raised over $3.8 million during the presale for its native SNORT token. Early investors now have a limited time to purchase SNORT for $0.1041 before the next presale round begins.<\/p>\n This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n Solana\u2019s recent recovery above its previously crucial $205 resistance level, and today\u2019s attempt to finally break $240, has cleared the path toward the $250 psychological resistance point \u2013 which could be hit as soon as next week if bullish conditions continue.<\/p>\n But even from a long-term perspective, the underlying positive investor sentiment behind SOL is evident in the altcoin\u2019s 150% rally over the past five months.<\/p>\n In fact, smart money is aggressively betting on Solana\u2019s recovery. Illustrating this sentiment, a crypto whale has recently taken a long position on about 21,800 SOL (worth more than $5.1 million) with 7x leverage.<\/p>\n A smart whale, with $37.4M in profit, moved 1.23B $PUMP<\/a> (~$7.65M) from #Hyperliquid<\/a> to #Binance<\/a> for sale ~8hrs ago, likely pocketing $592K (+8.4%) after 59 days!<\/p>\n Current positions (all profitable): \u2014 Spot On Chain (@spotonchain) September 12, 2025<\/a><\/p><\/blockquote>\n
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\nSolana\u2019s Growth Story Fuels Next Bullish Wave<\/strong><\/h2>\n
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\u2022 Long: 21,797 $SOL<\/a> (~$5.18M) with 7x leverage
\u2022 Short: 7.12M $WLFI<\/a> (~$1.43M)\u2026 pic.twitter.com\/I63dx6perp<\/a><\/p>\n