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.
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