Solana (SOL) Eyes $250 After Gaining 4% as Community Awaits October 20 Reveal

Solana (SOL) has climbed 4.21% in the past 24 hours to around $194, rebounding strongly from last week’s dip and setting its sights on the $250 level. The rally comes after the Solana Foundation released a short, Star Wars-inspired teaser on X, hinting at a major announcement scheduled for October 20, 2025.

The 16-second video featured only the Solana logo and the date “10.20.2025,” sparking widespread speculation across the community. Many users believe the reveal could be related to the long-anticipated Solana Card, potentially bridging blockchain and payments in a new way.

After dropping from $211 to $175 in just three days last week, Solana’s rebound has restored bullish sentiment. If the current momentum continues, analysts believe SOL could test $250 — and possibly set a new all-time high — before year’s end.

Analysts and Institutions Turn Bullish

Crypto analyst Ali, a vocal Solana supporter, shared that SOL may soon reclaim the $210 mark, citing bullish chart patterns. Once that level is cleared, the next key resistance lies near $250, followed by a likely consolidation phase around $220.

Adding fuel to the optimism, Grayscale recently described Solana as “crypto’s financial bazaar” in a comprehensive report that highlights its exceptional growth over the past five years. Despite holding a $128.4 billion market cap—third behind Ethereum and BNB—Solana processes roughly 10 times more daily transactions than BNB and almost 70 times more than Ethereum.

Grayscale’s analysis shows Solana’s market cap surged from $78.3 billion in 2024 to its current level, while daily transactions and fee revenue have skyrocketed. Transaction fees dropped as low as $0.001 in 2025, and the upcoming Apenglow upgrade aims to reduce finality times to just 100–150 milliseconds, further boosting efficiency and scalability.

These fundamentals paint a highly bullish outlook for Solana, suggesting that its rally toward $250 could be backed by real network growth, not just speculation.

Snorter Token Presale Gains Traction Amid Solana Hype

The surge in SOL’s momentum is also benefiting emerging projects within the ecosystem, particularly Snorter Token ($SNORT), whose $5.1 million presale is set to conclude in just a few hours.

Snorter Token powers the Snorter Bot, an advanced Telegram-based trading assistant designed to identify and snipe promising new tokens instantly after liquidity appears. With built-in scam detection, copy trading, and rug-pull protection, Snorter Bot aims to simplify on-chain trading while maintaining security.

With presale funds exceeding $5.18 million, investor confidence in Snorter Token’s blend of utility and meme appeal appears strong. Based on its technical foundation and community backing, projections suggest that $SNORT could reach $1.02 by the end of 2025, and potentially $1.50 by 2030, if adoption accelerates alongside Solana’s continued ecosystem expansion.