SOL/USD: Solana Smashes $200 as Altcoin Season Kicks Off — What’s Driving the Rally?

Ethereum in the lead, Solana as the runner-up. A big wave of optimism sweeps across crypto market corners, pumping the valuation of major altcoins.

🚀 Solana Clears $200

• Solana prices surged past $200 Thursday, up more than 25% over the past seven trading days as optimism floods the altcoin space. Today’s session saw prices peak at $210 before easing slightly.
• Trading volume spiked to nearly $15 billion a day earlier, on Wednesday, pushing market cap to roughly $110 billion — a sign that institutional desks and retail traders alike are piling back into the Ethereum rival.
• Despite the rally, Solana still hangs over 30% below its set earlier this year, leaving room for momentum-driven traders to target fresh highs if market sentiment holds.

🏢 Corporate Treasury Trend

• The latest crypto craze in boardrooms? Holding tokens as treasury assets. Solana treasury firms now collectively hold a record 3.4 million SOL, according to crypto research platform The Block.
• Public companies like Upexi , DeFi Development , and Canada-based Sol Strategies are leading this accumulation, positioning themselves to benefit from both price appreciation and DeFi yield opportunities.
• This mirrors the Ethereum , where firms are scooping up ETH for long-term holds, signaling a broadening acceptance of digital assets as legitimate balance sheet entries (perhaps causing lots of headaches for accountants).

🌐 Altcoin Season Heats Up

• Meanwhile, Bitcoin hit a fresh all-time high of earlier today, pushing its market cap to about $2.5 trillion, as the “buy everything” risk-on rally spills into crypto.
• Ethereum is just shy of its 2021 record, fueled by corporate treasury inflows and institutional — a tailwind for the broader altcoin complex.
• The synchronized rally across majors has reignited the “altcoin season” narrative, where high-beta tokens like Ether and Solana historically outperform during Bitcoin-led bull waves.