Galaxy Digital Buys $1.2B Solana Tokens Sparking 8-Month Price High

Solana has gained significant momentum in 2025, with its price reaching an eight-month high and trading around $240, driven largely by major institutional support and ecosystem growth. Galaxy Digital has made a substantial investment in Solana, acquiring over $1.2 billion worth of SOL tokens within a week, indicating a strategic, long-term commitment through infrastructure like Coinbase Prime. This buying spree coincides with Galaxy's leadership in a $1.65 billion funding round for Forward Industries, a Solana-focused treasury vehicle aimed at expanding Solana's presence in capital markets, supported also by Jump Crypto and Multicoin Capital. Analysts predict Solana could test $250 to $300 later in the year, with some bullish forecasts suggesting it might even reach $400 by the end of 2025, supported by its speed, low fees, and growing decentralized finance ecosystem. Additionally, the rise of Solana has attracted attention in the broader crypto market, positioning it as a strong alternative to Bitcoin and Ethereum, with new projects like Snorter Token and Remittix gaining traction among investors due to their innovative use cases and growth potential. Overall, the surge in institutional investments and positive analyst sentiment underscore Solana's increasing role as a leading layer 1 blockchain in the evolving crypto landscape.