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Simon Chandler

Author

Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

June 17, 2025

The Solana price (SOL) has slipped 3% to $151.69 today, as the crypto market reacts to rising geopolitical tensions amid the escalating Iran-Israel conflict.

While SOL is now down 4% in a week and 11.5% over the past month, institutional appetite for crypto appears to be returning, with $1.9 billion in inflows last week alone — a potential sign of what’s to come.

And with growing speculation around a Solana ETF approval later this year, the long-term Solana price prediction still points to major upside once the dust settles.

Solana Price Prediction: As Wall Street Rotates Into Alts, SOL Could Lead the Next Mega Rally

According to the latest CoinShares Digital Asset Fund Flows report, cryptocurrency funds attracted just over $1.9 billion in net inflows across the week to June 16th.

The vast bulk – $1.3 billion – was for BTC-based funds, with altcoins accounting for the remainder.

Yet with only $1.26 million in inflows, Solana was actually fourth among the alts last week, behind Ethereum ($583 million), XRP ($11.8 million) and Sui ($3.5 million).

Having said that, it still accounts for more in total AUM than any altcoin other than Ethereum, at $1.39 billion (XRP is third with $1.25 billion).

This testifies to its ongoing popularity, and if we look at its chart today we see that it may be nearing a breakout.

Of particular note is its 30-day average (orange), which recently fell below the 200-day (blue), meaning that the coin is close to a bottom.

Its RSI (purple) tells a similar story, having begun rising from a low recorded earlier in the month.

Now is therefore a good time to buy Solana, given that it remains in an oversold position and looks ready to pop.

And fundamentally, Solana is one of the strongest alts in the market, with its network second overall in terms of TVL.

It’s also looking forward to a couple of updates (Alpenglow and Firedancer) later in the year that will only boost its scalability and stability, helping it grow even further.

This will help it continue to attract institutional money, with the possibility of SOL ETFs likely to boost inflows even further.

Given these factors, and given the stable level of institutional interest in SOL, the Solana price is on course to reach $200 again by the middle of July, and $500 by the end of the year.

Solaxy Ready for One of the Biggest Token Launches of the Year: Next 100x Coin?

One of the reasons why Solana is such a bullish token is that it continues to boast a vibrant ecosystem of Solana-based tokens, including meme coins and more serious alts.

Possibly the most interesting addition to its ecosystem is Solaxy (SOLX), a layer-two network that has recently closed its presale, raising an incredible $53.8 million.

Its SOLX token will launch in just under seven days, yet investors still have one last chance to buy it below its list price, with the coin still available via the Solaxy website at $0.001766.

Solaxy has been so successful in raising funds because of its promising fundamentals, with the project about to launch a layer-two network for Solana.

It will provide Solana users with low transaction fees and fast confirmation times, helping them to avoid the delays and dropped transactions that can still impact its parent layer.

On top of this, it will be rolling out its own token launchpad and DEX, with the L2 aiming to become an important hub for trading.

As its native token, SOLX will pay for transaction fees, while holders will also be able to stake it.

As noted above, it will launch in just over six days, with latecomers able to buy some now by going to the Solaxy website.

Rubrik disclosed last month that one of its servers hosting log files was breached, causing the company to rotate potentially leaked authentication keys.

The company has confirmed to BleepingComputer that the breach was not a ransomware incident and that it did not receive any communication from the threat actor.

Rubrik is a cybersecurity company that specializes in data protection, backup, and recovery and has over 3,000 employees in more than 22 global offices. The company has over 6,000 customers worldwide, including high-profile companies like AMD, Adobe, Pepsico, Home Depot, Allstate, Sephora, GSK, Honda, Harvard University, and TrelliX.

In a security advisory published on February 2 and first spotted by Kevin Beaumont, Rubrik says it detected unusual activity on a server hosting their log files.

“The Rubrik Information Security Team recently discovered anomalous activity on a server that contained log files. We promptly took the server offline to mitigate the risk,” reads Rubrik’s security advisory.

“An investigation supported by a third party forensic partner has confirmed that the incident was isolated to this one server and we found no evidence of unauthorized access to any data we secure on behalf of our customers, or our internal code.”

However, Rubrik says that a small number of log files contained access information, causing the company to rotate authentication keys out of an abundance of caution.

The company says that there are no signs that this information was misused.

Furthermore, Rubrik says their investigation has not found evidence that the threat actors gained access to customer data or their internal source code.

Rubrik previously suffered a data breach in 2023 after the company’s data was stolen as part of the wide-scale Fortra GoAnywhere data theft attacks by the Clop ransomware gang.