Solana Could Extend Rally After 25% Monthly Gain as Firms Accumulate and ETF Decisions Loom

• SOL up 25% in 30 days

• Corporate treasuries and PIPE activity increasing supply absorption

• SEC spot ETF decisions and issuer filings may catalyze large inflows

Meta description: Solana price rally: SOL up 25% as firms accumulate and spot ETF decisions near; learn how treasuries and potential ETFs could drive a year‑end surge.

Published: 2025-09-10 • Updated: 2025-09-10 • Author: COINOTAG

What is driving the Solana price rally?

Solana price rally is being driven by concentrated treasury purchases, large PIPE activity aimed at establishing public SOL treasuries, and pending spot ETF decisions that could unlock new institutional inflows. These combined factors increase demand relative to Solana’s market size, raising the potential for outsized price moves.

How significant is corporate treasury accumulation for SOL?

Corporate treasuries focused on Solana have accumulated notable positions this year. Public filings and announcements indicate individual firms have built multi‑hundred‑million dollar SOL treasuries. Forward Industries’ $1.65 billion PIPE raise—if more than 25% is allocated to SOL—would create one of the largest public Solana treasuries on record.

Why could spot ETFs matter for Solana?

Spot ETFs channel retail and institutional capital via regulated products. Approved Solana spot ETFs would institutionalize demand, potentially magnifying inflows compared to direct OTC buying. Analysts and industry memos point to multiple issuers having filed for spot Solana products; SEC rulings on these filings are expected to be material catalysts.

When could these catalysts meaningfully affect price?

Immediate effects can arise when treasury purchases and large PIPE allocations are executed. ETF approvals or favorable SEC guidance typically create step‑function inflows during listing and subsequent tracking periods. Market positioning and relative asset size suggest even modest net inflows could push SOL higher in the near term.

Frequently Asked Questions

How large are current Solana treasury purchases?

Several public firms have disclosed multi‑hundred‑million dollar accumulations of SOL this year. Reported figures show some treasuries exceeding $400 million in SOL, while potential PIPE allocations could add more concentrated buying.

Will Forward Industries’ PIPE impact SOL?

Forward Industries announced a $1.65B PIPE; if it allocates slightly more than 25% to SOL as stated intentions suggest, that position would be one of the largest publicly traded SOL treasuries and could materially affect market liquidity.

Key Takeaways

• Momentum is strong: SOL is up ~25% over 30 days, leading top‑10 assets by gains.
• Supply absorption: Corporate treasuries and potential PIPE allocations significantly reduce circulating supply.
• ETF potential: Spot ETF approvals would institutionalize demand and could amplify inflows relative to asset size.

Conclusion

Solana price rally is rooted in measurable accumulation by corporate treasuries, notable PIPE fundraising aimed at building SOL reserves, and pending spot ETF filings that could unlock fresh capital. While approvals are not guaranteed, the combination of these factors increases the probability of a pronounced year‑end move; monitor treasury disclosures and SEC decisions closely.



Sources referenced as plain text: industry memos from Bitwise, comments from Matt Hougan, company announcements from Forward Industries, market positioning data from Myriad Markets, reports on treasury builds by Upexi and DeFi Development Corp. All sources mentioned without external links.