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VanEck Says SOL Could Hit $520 Soon as SEC Opens Door To Solana ETF

  • Investment firm VanEck predicts that the price per SOL could skyrocket to US$520 on the back of growing smart contract demand and expectations for an increase in money supply.
  • Based on Solana's 15% market share in the smart contract space, VanEck estimates SOL could reach US$520 with a market cap of US$250 billion, up significantly from its current US$198 price point.
  • The SEC has acknowledged a Spot Solana ETF filing, marking the first time they've done so for an asset previously labelled as a security, though approval remains uncertain.
  • VanEck projects the smart contract platform market to grow 43% to US$1.1 trillion by 2025, driven by their correlation analysis with US M2 money supply growth.

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