Solana's recent surge over $200 and market cap exceeding $105 billion highlights strong trading activity and institutional interest, driven by new financial products.
Solana's price surged nearly 6% to a daily peak of $203.56 on July 22, 2025, marking its first time reclaiming the $200 threshold this year. The token's market cap surpassed $105 billion, with a trading volume nearing $33 billion. Despite a slight dip back to $199.64, SOL has increased by 5.64% in the past 24 hours and 21.9% in the past week, driven by the launch of the REX-Osprey SOL + Staking ETF and increased corporate accumulation.