Solana extended its winning streak with a 2% rise to $228, boosted by $20M inflows from Chinese fashion brand MOGU and a $5M BONK purchase by Nasdaq-listed Safety Shot. With a golden cross forming and RSI at 65, SOL eyes resistance at $240–$250 while holding key support near $217.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Solana’s SOL $228.4 24h volatility: 2.1% Market cap: $123.85 B Vol. 24h: $9.93 B positive weekly timeframe performance continued with another 2% uptick on Thursday, sending SOL price above $228 for the first time since February 2025. The latest Solana price leg-up comes amid fresh capital inflows from a China-based fashion brand called MOGU.
In an official press release, MOGU confirmed that its board of directors approved up to $20 million in allocations to digital currencies, primarily Bitcoin, Ethereum, and Solana, in a bid to diversify its treasury holdings.
The corporate inflow from China shows that the corporate crypto adoption trend is accelerating among major US entities like Bitmine and Sol Strategies, and is taking on a global dimension.
Notably, in another instance of corporate demand within the Solana ecosystem, Nasdaq-listed firm Safety Shot (SHOT) announced the formation of BONK Holdings LLC to initiate a digital asset strategy.
According to the announcement, the newly launched subsidiary has added $5M in Solana’s current second-largest memecoin by market capitalization, bringing its total BONK treasury above $63 million.
Solana price rose 1.7% on Sept 11, 2025 amid crypto strategy inflows from MOGU | Source: CoinMarketCap
In terms of Solana price reaction, the 2% gains registered on Thursday were the lowest daily timeframe gain this week, having posted 4 consecutive days in profit since it opened trading at $200 on Sunday. This muted price uptick after two major cases of corporate inflows suggests some level of profit-taking may have dampened the bullish impact.
The Solana daily chart shows an active golden cross signal, with the 5-day moving average climbing above the 8-day and 13-day averages at the start of the week, a signal often associated with sustained bullish trends. Unsurprisingly, Solana price has registered 14% gains in 4 consecutive days since the golden cross formation. RSI is holding near 65, leaving room for further gains before hitting overbought territory.
Solana price is trading at $226 at press time, well above the initial support seen around the 5-day average at $217.
Solana (SOL) Technical price analysis | Source: TradingView
If SOL continues to consolidate above $220, the next target sits at $240 before a potential retest of $250, last reached in early January.
On the downside, failure to hold the key support territory at $217 could shift momentum back toward $208, where the 13-day average provides secondary support. With Solana’s trading volume climbing 4% intraday, more than doubling the price uptick, speculative traders could be incentivized to enter more long positions to capitalize on the fresh corporate demand catalysts yet to be priced in.
As Solana benefits from rising institutional demand, early-stage projects with innovative utility features like SUBBD ($SUBBD) are also gaining traction. SUBBD is an AI-powered platform for content creators and is drawing attention by blending creator-fan engagement with real-world use cases.
SUBBD Presale
Currently priced at $0.056 per token, the SUBBD presale has raised $1.23 million of its $1.34 million target, with limited discounted tiers available. Prospective participants can still secure SUBBD tokens directly through the official website before the cap is reached.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
