Solana has experienced significant momentum, rising over 4% in a single day to reach a seven-month high of nearly $225. With an overall increase of 25% in the past month, Bitwise Chief Investment Officer Matt Hougan predicts a strong end to the year for Solana, citing factors such as demand from pending spot ETFs and digital asset treasuries. Notable investments include over $400 million accumulated by companies like Upexi and DeFi Development Corp. This surge in treasury firms acquiring Solana highlights a growing confidence in its future. Additionally, the potential approval of spot ETFs for Solana and other major cryptocurrencies could further drive its price upward. Hougan emphasizes that relatively small inflows could have a substantial impact on Solana's market, reinforcing the asset's upward trajectory towards the end of the year, especially as it remains around 24% below its all-time high of $293.31.

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