The Solana network reaches a new stage in user adoption as wallet growth surges. Experts suggest this may indicate potential price increases for SOL.
Growth of Solana Wallets
As of June 28, 2025, the number of wallets holding at least 0.1 SOL has reached 11,438,122. This record-high figure indicates growing retail participation. Despite fluctuations in June, the price of SOL rebounded to $150.76 by month-end.
First-ever SOL Staking ETF Nears SEC Decision
REX Shares has filed for the first Solana-based ETF in the United States with a staking feature. Bloomberg analyst James Seyffart noted that the SEC is reviewing the application at an accelerated pace, indicating potential approval soon.
Technical Structure Supports Bullish Continuation
SOL has regained bullish momentum after bouncing off the $144.92 support level. Analysts report that the price now trades within a broadening wedge, signaling increased volatility and a tight price range, with critical resistance above $150.
The rise in wallet numbers, potential ETF approval, and positive technical indicators suggest that the Solana network is poised for continued growth in Q3 2025.
