Solana (SOL) Price: Arthur Hayes Names Two Blockchains That Will Survive

TLDR

• Solana price jumped 5% to $138 in 24 hours, with analysts predicting potential 50% rally if key resistance breaks
• Solana ETFs saw strong $11.02 million daily inflows, with BSOL leading at $4.44 million
• Coinbase integrated Solana tokens for direct trading without formal listing requirements
• SOL testing $140 resistance level with support holding at $130; MACD shows neutral momentum
• BitMEX founder Arthur Hayes says Solana needs new growth driver beyond meme coins to survive long-term

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Solana price reached $138 on December 12, 2025, posting a 5% gain over 24 hours. The cryptocurrency has been trading in a consolidation pattern between $130 and $138 for several days.

Solana (SOL) Price

The broader crypto market gained 2.08% during this period. Institutional buying helped drive the increase across multiple cryptocurrencies.

SOL currently sits below a key trendline that analysts are watching closely. The cryptocurrency has been in an accumulation phase, with buyers monitoring for a potential breakout.

Hex Trust and LayerZero introduced Wrapped XRP on the Solana blockchain. This development added new functionality to the network’s ecosystem.

Coinbase announced it will facilitate trading of Solana tokens without requiring formal listing. Users on the exchange can now access tokens within Solana’s ecosystem directly.

Strong Institutional Demand

Solana ETFs recorded $11.02 million in daily net inflows. Total inflows reached 672.48 million across multiple products.

Bitwise’s BSOL led with $4.44 million in inflows and a premium of 0.83%. Fidelity’s FSOL brought in $3.56 million with a 0.70% premium.

Grayscale’s GSOL received $2.59 million with a 0.09% premium. VanEck’s FSOL recorded $437,550 in inflows during the same period.

The MACD indicator shows neutral momentum. The MACD line sits just above the signal line, indicating limited directional pressure.

The Chaikin Money Flow indicator registered 0.03. This reflects positive but weak capital flow into the market.

Key Price Levels

Solana faces resistance at $140. The price has tested this level multiple times in recent trading sessions without breaking through.

If buyers push through $140, the next target sits at $150. A breakout above this range would confirm the bullish rally scenario.

Support holds at $130 for now. If this level fails, the next support zone appears at $120.

BitMEX founder Arthur Hayes said Ethereum and Solana will likely be among the few layer-1 blockchains to survive long-term. Most other networks will go to zero, according to Hayes.

Hayes noted that meme coins drove much of Solana’s demand in 2024 and early 2025. However, he said the network needs a new growth driver moving forward.

Solana’s lending market has grown to over $3.6 billion in the last 24 hours. JPMorgan recently conducted a debt deal with Galaxy on the Solana network.

SOL retested a major support level on Thursday, dropping to $129 after the Federal Reserve announced another rate cut. The price bounced back to $136, showing accumulation activity.

Whale activity increased across spot and derivatives markets. However, overall demand from large holders remains relatively weak.

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