Solana
|2 min ReadSolana clears $240 as institutional bets gather pace
Maya Chen
Senior Analyst
Published
Jan 16, 2026
Sol on fire
SOL ripped 5.5 percent and tagged $241. That is the highest since late January. Momentum is back. Liquidity is real. The window is open.
Institutions light the fuse
Forward Industries dropped a $1.65 billion PIPE deal. Galaxy Digital led it. Jump Crypto and Multicoin Capital joined. The NasdaqCM-listed design firm serves medical and tech clients. It trades under FORD. The stock spiked to 46 on Friday, then cooled to $37.72. Still up 9.41 percent on the day. Solana reacted on cue. Price pushed above 215 when the deal was first announced this week. It pressed even higher after the deal closed. SOL remains 18 percent below its 293.31 all time high from January, according to CoinGecko. That gap is your runway. That is how breakouts start.
Odds flip, treasuries add fuel
Treasuries are joining the bid. BIT Mining added 17,221 SOL and plans to change its NYSE ticker to SOLAI. In July, its BTBT shares ran above 5 after it said it would build a Solana treasury. At the time of writing, BTBT sits near 3, up 1.9 percent today.
Here is the read. Institutions are writing checks. Prediction markets are front-running the tape. Treasuries are stacking. Resistance gave way at 215. Eyes move to $250. The crowd waits for confirmation. The pros position before it.
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