Solana's (SOL) Bullish Cycle Sparks Hype - Can SOL Hit $200 Next?

Crypto sentiment has turned decisively bullish after Bitcoin (BTC) soared to a new all-time high just below $112,000 this afternoon.

Crypto sentiment has turned decisively bullish after Bitcoin (BTC) soared to a new all-time high just below $112,000 this afternoon. Historically, whenever Bitcoin breaks a previous ATH and extends gains by double digits, altcoins tend to follow with their own explosive rallies within weeks.

In the past 24 hours, Solana (SOL) surged another 5% to trade around $180 on daily volume that spiked 86% to over $7 billion—marking a sharp recovery from the coin’s $95 mid-April lows. As the broader crypto market’s optimism returns, and analysts ask if $200 is the next target for Solana, investors are keeping a close eye on the L1 chain’s ability to handle potential network congestion.

Solana has faced congestion hurdles in the past, especially when transactions ramp up around hot meme coin launches—but now, an emerging Layer 2 project called Solaxy (SOLX) looks ready to offload the pressure by running parallel execution processes for Solana transactions. This solution is arriving at the perfect time; Solaxy’s presale has skyrocketed past $39.2 million, with $1 million raised in just the last two days.

The Solaxy team recently confirmed that the SOLX presale will end on June 16, meaning investors have only a few weeks left to grab SOLX at a discounted price of $0.001732. Meanwhile, Solana’s on-chain stats continue to exhibit impressive growth, with DEX volumes and institutional flows trending upward. Some analysts suggest that SOL could break through major psychological levels (such as the $200 mark) very soon, especially if altcoins catch bigger bids in the aftermath of BTC’s massive bull run.

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Solana’s Bullish Cycle Sparks Hype – Can SOL Hit $200 Next?Although Bitcoin’s latest ATH is lifting the entire crypto market, Solana’s breakout attempt isn’t just a passive reaction to the broader trend—as the project has seen a number of positive headlines that reinforce its long-term potential.

Most notably, Solana Mobile announced it will release its first crypto-centric smartphone (called the “Seeker”) on August 4 this year. Priced at $500, the Seeker aims to make it easier for users to interact with Solana’s ecosystem on the go.

MetaMask co-founder Dan Finlay has also revealed that the mainstream crypto wallet will begin supporting Solana natively this month. This addition is remarkable because MetaMask previously only catered to EVM-compatible chains (like Ethereum and Polygon).

INTEGRATING SOLANA

"We are launching native support for Solana later this month. For the first time, MetaMask will move beyond the Ethereum Virtual Machine (EVM) ecosystem." - Dan Finlay, Co-founder & CEO of MetaMask.

This is huge for both projects.

MetaMask is used by millions of crypto users. It is the most popular Web3 wallet and processes billions of dollars in transactions monthly.

MetaMask is launching support for Solana in May 2025. It is the mainnet addition that everyone has been anticipating in 2025.

MetaMask currently supports over 80 blockchains, including all major Layer 1s and Layer 2s. But all of the chains that MetaMask supports are built on the Ethereum Virtual Machine (EVM).

Solana, on the other hand, uses a different technology stack. It is a high-performance Layer 1 blockchain known for its speed and low fees.

This makes Solana an excellent candidate for expanding MetaMask’s capabilities even further.

Earlier this year, rumours began circulating that MetaMask could be adding support for Solana as part of a broader move to expand beyond the EVM.

This rumour was started by a well-known crypto analyst, who pointed out that a new integration was on the horizon.

Shortly after, reports from an anonymous source within MetaMask indicated that the integration was still in the planning stages and wouldn’t be completed until the third quarter of 2025.

However, it seems that the process is moving faster than expected.

At the beginning of April, reports indicated that the integration could be completed as early as May 2025.

This rumour was started by an anonymous insider at MetaZoom, who claimed that they had seen internal documents from MetaMask.

The insider also stated that MetaMask is planning to add support for other non-EV