Solana Nears $200 After Landmark Crypto Bill: What's Going On?

Benzinga
07-22

Solana SOL/USD is trading higher on Monday, climbing nearly 4% to approximately $194 as part of a market-wide surge in altcoins. Here’s what traders and investors need to know.

What To Know: The popular blockchain token has rallied over 19% in the past week, making it a standout performer as investors pile back into higher-risk digital assets.

The rally follows last Friday’s signing of the GENIUS Act by President Donald Trump, a landmark piece of U.S. legislation providing long-awaited regulatory clarity for the crypto industry.

The new law, which establishes clear rules for stablecoins and asset classifications, has prompted a broad reassessment of digital asset exposure among investors, fueling a fresh wave of confidence.

This renewed optimism is potentially driving a rotation of capital away from Bitcoin and into high-beta altcoins. Analysts note that declining Bitcoin dominance coincides with a growing appetite for assets such as Solana, Ethereum and Dogecoin.

Iliya Kalchev of Nexo Dispatch highlighted a “sharp rotation” into select altcoins, with capital chasing higher returns now that the U.S. regulatory landscape is more defined. As traders focus on the new market structure, Solana stands out as a primary beneficiary of the shifting capital and revitalized bullish sentiment.

What Else: According to data from Benzinga Pro, Solana currently has a market capitalization of $70.65 billion and a fully diluted valuation of $82.47 billion. Trading has been active, with a total volume of $3.15 billion.

Despite its recent upward momentum, Solan remains 52.9% below its all-time high of $293.31. The current circulating supply is 511.34 million tokens from a total supply of 596.94 million.

SOL Price Action: Solana is trading higher by 8.43% to $196.16 Monday afternoon at publication.

Loading...
Loading...

Read Next:

  • Trader Who Called Bitcoin, Ethereum, Solana Bottom In April Now Warns Local Top Likely In August
$SOLSolana
$196.448.21%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
79.70
Price Trend
Short
Medium
Long
Overview

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10