Solana's Positive Sentiment Surges 1800% Amid Institutional Interest
1min read Solana, the native token of the Solana blockchain, has been attracting considerable attention from crypto enthusiasts on social media, despite the ongoing market uncertainty. On March 27, 2025, blockchain-based analytics firm Santiment reported that Solana sentiment has reached an all-time high on social media platforms. The data indicates an overwhelmingly positive outlook, with over 18 positive comments for every negative one, suggesting a strong bullish sentiment that could attract more investors.
This surge in positive sentiment coincides with significant institutional developments. Major institutions such as gamestop and blackrock have shown interest in Bitcoin and have launched a yield-bearing tokenized treasury fund on Solana, the world’s fifth-largest cryptocurrency by market cap. These institutional integrations have contributed to a more optimistic outlook on the broader cryptocurrency market, with many social media posts reflecting a bullish sentiment.
The combination of technological advantages, institutional interest, community support, and influencer engagement has led to an unprecedented positive-to-negative commentary ratio of 18:1. This positive sentiment is further bolstered by the launch of new meme coins on the Solana blockchain, such as the Ghibli meme coin on PumpFun. Inspired by OpenAI’s image generation feature for ChatGPT, the Ghibli meme coin has seen its price surge by over 2,600% within 24 hours of its launch, reaching a market cap of $18 million. This resurgence of meme coin activity on the Solana blockchain has historically been a major catalyst for sol price growth.
Despite a slight 0.75% price drop in the past 24 hours, SOL is currently trading near $140. According to expert technical analysis, SOL is in an uptrend, moving within an ascending channel pattern. The price is currently at the lower level of this pattern, suggesting a potential recovery. If the asset holds above the $132 level, there is a strong possibility it could surge by 10% to reach $151 in the coming days. Furthermore, if bullish sentiment continues and the price holds above $150, SOL could further rally by 25% to reach $186 in the coming days.
According to the analyst's forecast, if SOL can extend its rally to the next demand area at $180, it could spark a 96% rally to $270. This price target could be achieved in less than two months, driven by the bullish technical outlook and the historic high positive sentiment from traders. As meme coin activity on the PumpFun meme coin launchpad heightens, it could fuel parabolic gains for SOL, potentially leading to a significant rally in the near future.
Ask Aime: How will the Solana blockchain continue to perform?
