- Crypto analyst Anthem mentioned he thinks Solana has possible bottomed out, with a cycle goal of $600.
- Solana’s RWA ecosystem reached an all-time excessive of $3.62 billion, with over $540 million added previously week.
- Solana dominated tokenized shares with $4.84 billion in second-quarter buying and selling quantity.
Crypto analyst Anthem believes Solana has already fashioned the underside of the cycle and will rise to $600 through the present market cycle.
Talking on the Market Bubble podcast with FaZe Banks, Anthem mentioned his bullish outlook stems from observing a number of crypto cycles since coming into the market in 2017.
He mentioned Solana has repeatedly rewarded traders even after intervals of utmost pessimism, pointing to the restoration after the FTX collapse when many believed the community wouldn’t survive.
As we speak’s market seems to be comparable, in keeping with Anthem. Bitcoin stays about 50% beneath its all-time excessive, whereas Solana is down about 75% from its all-time excessive after months of sideways buying and selling.
He believes market sentiment has turn out to be overly damaging although a few of Solana’s fundamentals are beginning to enhance.
“I feel the momentum will rapidly shift within the different route,” he mentioned.
Anthem added that his long-term valuation is even increased than $600. He mentioned that if Solana reaches Ethereum’s all-time excessive market cap of round $600 billion, it could imply the value per SOL will probably be nearer to $990, however mentioned he believes $600 is a extra sensible goal within the present cycle.
“I feel Solana has bottomed out,” Anthem mentioned, including that momentum has already began to vary after the token gained about 21% within the week for the reason that preliminary name.
Infrastructure upgrades assist bullish case
Based on Anthem, the most important benefit of Solana isn’t just the value, however the steady enchancment of the community. He argued that whereas many layer 1 blockchains don’t see vital enhancements from one market cycle to the subsequent, Solana persistently upgrades its infrastructure.
These enhancements appeal to extra builders, create extra highly effective functions, and get stronger over time. Anthem expects the subsequent wave of multibillion-dollar tasks at Solana to increase past meme cash and right into a broader subject.
In a collection of posts on X, Anthem mentioned he believes SOL will return to the highest of its vary and “attain $150 within the coming months” as soon as SOL resumes its upward development for the primary time in over a yr.
On-chain metrics hold breaking data
In the meantime, Solana’s actual world belongings (RWA) ecosystem added over $540 million previously seven days, reaching an all-time excessive of $3.62 billion in whole.
For the reason that starting of 2026, Solana has grown the RWA market from roughly $1.4 billion to over $3.6 billion, including over $2 billion in tokenized belongings inside six months.
At present, solely Ethereum, with roughly $15.9 billion, and BNB Chain, with roughly $3.9 billion, have bigger RWA ecosystems. The community at present hosts 2,119 tokenized belongings and 292,818 RWA holders, with the sector rising over 33% over the previous month.
Capital additionally continues to stream towards Solana. Based on RWA.xyz, the community has attracted roughly $967 million in web inflows previously 30 days, the best of any blockchain. Throughout the identical interval, Ethereum recorded web outflows of roughly $202 million.
Moreover, Solana regained the highest spot amongst all blockchains in day by day community actual financial worth (REV), a metric that mixes protocol charges and ideas paid by customers to measure demand for block area.
It’s also vital to notice that within the second quarter of 2026, Solana processed a document $4.84 billion in tokenized inventory spot trades, accounting for over 96% of the market and processing extra commerce quantity than all different blockchains mixed.
Associated: Solana worth motion alerts continued bullish reversal
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