Solana Nears $80 as World Launch & Corporate Buying Drive Rally
Solana’s native cryptocurrency $SOL is up by almost 6% and is currently trading near $78 mark as there has been a fresh wave of utility, treasury buying, and broader market strength which has given a lift to the price of the token. The biggest spark has been the launch of World, a fully onchain prediction market that has been integrated into Phantom wallet, which is helping push more activity on the Solana blockchain.
At the time of writing, the price of the token stands at $78.27 with an uptick of 5.9% in the last 24-hours as per CoinGecko.
Why Solana is Moving
World’s launch matters because it is adding a new real-world use case right inside one of crypto’s most popular wallets.
World lets users make predictions on events inside a familiar wallet experience. This kind of product can increase activity onchain, bring in more attention from traders, and make the blockchain look more useful beyond just price speculation. For a network that has made a market for itself as a fast and low-cost blockchain, a live consumer-facing product like this gives the story more weight.
Prediction markets have also become one of the more talked-about crypto use cases because they combine speculation, user engagement and onchain settlement in one place. If World gains traction, it could become another reason for users to keep transacting on Solana instead of sitting on the sidelines.
Treasury Buying Support
Another reason SOL is getting support is Forward Industries’ continued buying. The Nasdaq-listed company said that in the third quarter of fiscal year 2026, it added more than 500,000 SOL at an average price of about $79 per token. As of June 30, its Solana treasury holdings had climbed to 7.55 million SOL.
This is a meaningful signal for the market. When a public company keeps increasing its SOL holdings, it creates a sense that larger players still see long-term value in the network. The company also said its fully diluted SOL holdings per share rose from 0.0669 to 0.0729 during the quarter, which reflects annualized growth of around 36%.
For traders, treasury buying usually acts like quiet but steady support. It does not always cause a sudden spike by itself, but it can help reduce the feeling that a rally has no backing.
Governance Adds Long-Term Credibility
Moreover, the Solana Foundation recently launched Solana Governance Proposals, or SGP. This supports a new onchain governance system that allows validators to submit, sponsor, and vote on ecosystem issues through stake-weighted voting.
With this launch, Solana is trying to make its decision-making process more organized and transparent. Under the new setup, any validator with at least 100,000 SOL delegates can open an SGP, and proposals need support from at least 5% of the total network stake before moving into a formal vote.
This launch can help the framework in strengthening investors’ confidence in the ecosystem over time.
Price Action and Trader Outlook
Crypto analyst @ir0bert stated on X that Solana is showing a mixed picture despite recent gains. SOL price has climbed 16% over the past week to around $77, but it remains about 74% below its all-time high. According to the analyst, on-chain activity is strong, with active wallet addresses nearing 7 million and transaction speeds increasing, largely driven by meme coins and airdrops.
However, according to the analyst, the price chart still looks weak. The analyst said a move above $80 could improve short-term momentum and potentially push SOL toward $100-$120. If it falls below $73, the next downside target could be around $63, making July a crucial month for the cryptocurrency.
