Solana tipped for $300 as TVL hits a record

The network’s total value locked has topped $12.2bn

Solana is rebounding swiftly after a recent pullback. A Web3 enthusiast known as Kepin has forecast a rise to $300.

My $SOL is running well, here’s my target price👇

As mentioned before, my thesis is that $SOL hasn’t reached it’s all time high even in the late 2021 ATH at 250-260. So there’s still upside to the first target price of 250. The next target price will be 290-300, and the ultimate… pic.twitter.com/dunWuz177l

— Kepin (@kristofferkepin) September 9, 2025

“I believe SOL has not even reached its all-time high from late 2021 (then the price was around $250-260). So the first target level is $250. The next is $290-300, and the maximum is $350,” he wrote.

From June 22nd to August 29th the altcoin rose 70%, reaching $220 amid the Ethereum rally. Solana failed to hold that level — the price slipped to $200.

At the time of writing, the coin has risen again to around $218. Over the past week the token has gained more than 7%.

One driver has been the rise in TVL across the ecosystem — the metric reached a record $12.2bn. That is 57% above June levels.

The biggest contribution came from the decentralised exchange Raydium, whose TVL jumped 32% over the month. Metrics at other large platforms — Jupiter, Jito and Sanctum — rose by 24%, 18% and 20%, respectively.

Solana ranks second among major blockchains, behind only Ethereum.

Meme coins

Solana’s rising TVL has been accompanied by increased activity in the meme-coin segment. Over the past three months their combined market value has climbed 70% to $12.4bn.

Leading “joke” tokens in the ecosystem posted double-digit gains over the past day. Most are up 15–30% from local lows.

Renewed hype around meme coins has lifted DEX trading volumes on Solana. In 24 hours the figure jumped 73% to $817m.

Solana outlook

Confidence is growing among experts that Solana can set a new all-time high. The cryptocurrency last set a price record at $293 in January.

An analyst known as Jussy thinks that once resistance at $220 is cleared, the altcoin could run to $270.

SOLANA

Formed ascending triangle pattern, looks super clean

Resistance around $220

Once the price breaks this level with daily confirmation close, price target would be $272#DYOR pic.twitter.com/uRICzbNvkw

— jussy (@jussy_world) September 8, 2025

A trader going by Crypto General noted that Solana has been in a bullish trend since April. In his view, a key support level sits around $190.

$SOL still bullish since April.

Strong trendline support and a Key demand zone at $190 zone

Next target sits at $240 -$260

As long as the demand level holds, the momentum remains bullish.

HIGHER pic.twitter.com/KZoIpFiSqg

— Crypto General 🧲 (@DaCryptoGeneral) September 8, 2025

“The next target sits in the $240–260 range. As long as the demand level holds, momentum remains strong,” he added.

Analysts at Glassnode noted that “Solana continues to outperform the entire market”. As the price rose to $200, open interest in SOL futures surpassed $7bn.

Earlier, MEXC Research analyst Sean Yang predicted that Solana would rise to $250 by year-end thanks to the Alpenglow upgrade.