Solana Bulls Target $200–$500 as Network Sees Privacy Upgrade and Wallet Activity

Solana has achieved another development milestone with Inco Lightning (beta) going live on Solana Devnet. With this development, confidentiality is introduced to the Solana network. This development is a major boost to Solana developers who will be able to conduct privacy-preserving development with Solana’s fast-and-cheap infrastructure.

Developers can now build applications for private transactions and secure on-chain logic using Inco Lightning. Advanced applications such as private DeFi, enterprise-level, and Web3 applications, which require a balancing act between privacy and high-performance infrastructure such as Solana, become possible.

Also Read: Solana (SOL), Sui (SUI) Gain Momentum Amid Growing Bets on Bitcoin $92K Reclaim

Solana Wallet Movement Sparks Institutional Interest

The Solana Wallet has just woken up from a long sleep. The wallet 7Z4KKD, withdrew 80K SOL, which is equivalent to $10.87 million, from the Binance exchange five hours ago. This action becomes interesting considering the fact that the wallet’s last activity was almost a year ago. This means the wallet didn’t enter the exchange out of the blue.

Source: X

These awakening activities have led to various speculations in the cryptocurrency world since they demonstrate possible movement in the positioning of the first investors or institutional investors. Although the motives behind the movement remain unclear, whether it’s for self-custody storage or staking and future distribution, the timely event reflects confidence in the Solana network.

Solana’s Bulls Eye Major Long-Term Price Targets

However, the crypto analyst, Shah, pointed out that Solana (SOL) has started the year positively, with an increase of 18% so far, making it one of the better-performing large market cap assets in the market. It is not surprising that it has seen such great performance at the start of the year as it is gaining more confidence from investors.

Source: X

Experts are still optimistic regarding Solana’s future price trends, based on growing ecosystem development. In the shorter term, it appears that the cryptocurrency will be aiming for a level of $200. If developments are going in the right direction, it can likely hit $500 in 2026.

Also Read: Solana (SOL) Consolidates Near $140 as Weekly Structure Risks Drop Toward $110