Solana, once considered a fading asset earlier this year, has made a remarkable comeback in 2025. The decentralized exchange (DEX) volume on the Solana network has exceeded $1 trillion, surpassing the total trading volume it recorded in all of 2024. This significant growth in network usage indicates a resurgence in real activity on the platform.
Moreover, trading in Solana-based perpetual futures has seen a substantial increase of 234%, signaling a renewed interest from experienced traders who are now actively engaging with leverage and conviction. This shift in trading behavior highlights the growing confidence in the Solana ecosystem and its potential for future growth.
One of the key indicators of this resurgence is the rising whale accumulation on the platform. According to analysis of CryptoQuant’s order book data, large whale orders are increasing at current price levels, suggesting that whales and institutions are accumulating SOL rather than exiting their positions. This deliberate accumulation by major players often precedes strong price moves, indicating a bullish sentiment towards Solana.
The current positioning of investors and whales alike suggests that many view this moment as a buying opportunity rather than a risk. If this momentum continues, we could see a significant impact on SOL’s price action in the near future.
With the surging network volume, improving sentiment, and steady whale accumulation, many traders and investors are now wondering if Solana can push past the $200 price milestone. While reaching $200 will require sustained volume, favorable market conditions, and investor conviction, the current signals point towards a potential rally towards this milestone.
In conclusion, Solana’s impressive performance in 2025, with its DEX volume surpassing $1 trillion and whale accumulation on the rise, sets the stage for a potentially bullish rally towards the $200 price target. As the platform continues to attract more users and investors, the future looks promising for Solana as it aims to solidify its position in the crypto market.