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Solana (SOL) Price News: DeFi Growth Fuels SOL Rally Amid Strong Demand

  • Solana's price surpassed the $175 resistance and reached $181.91 on May 14, 2025, fueled by strong on-chain and DeFi activity.
  • This rally followed increases in non-zero wallet addresses, institutional accumulation including a $23.6 million Solana purchase, and rising DEX volumes.
  • Solana led weekly DEX volume with $22.4 billion and experienced an increase in total value locked, rising between early May’s $7.5 billion level and reaching approximately $9.6 billion shortly thereafter.
  • Market analyst Ali Martinez highlighted that more than 11 million wallets now contain at least 0.1 SOL, and suggested that surpassing and maintaining a price above $175 may quickly shift market sentiment.
  • Despite strong momentum and institutional confidence, technical signals including bearish divergence suggest the next price move could lead to consolidation or a retracement toward $165.
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crypto.news broke the news in on Wednesday, May 14, 2025.
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