$180 possible for $SOL in October

Interest in Solana’s Jito, Kamino, Jupiter, Raydium, Marinade, and Sanctum accelerated alongside an appetite for SOL. The native token has grown by over 547% in the past year, with one token costing almost $150 at press time, per CoinGecko.

Crypto community members applauded SOL chain features like Actions and Blinks as retail adoption funnels. Others argue that fast transactions and memecoin speculation fuel most of SOL’s on-chain activity.

In a note shared with crypto.news, Bitget Research chief analyst Ryan Lee agreed with the memecoin thesis and said SOL could trade at $180 in October due to this hype. Lee added that support from Franklin Templeton and Citibank may also boost SOL’s institutional appeal.