The cryptocurrency landscape is abuzz with fresh insights from Syncracy Capital’s Ryan Watkins, who has doubled down on his bullish outlook for Solana. Speaking on June 25, Watkins reiterated his belief that Solana is poised to spearhead the “tokenization of everything,” while Hyperliquid is set to dominate the perpetual futures arena. His comments come as Solana’s native token, SOL, experiences a slight dip, trading at $144.04, down 0.62% over the past 24 hours, following a fleeting rise to $147.73.
Solana’s Path to Dominance
Watkins’ vision for Solana is not just a fleeting fancy. His firm, known for making concentrated investments in the crypto space, sees a tectonic shift as U.S. equities begin their migration on-chain. Back in May, Watkins had already painted a picture of a competitive landscape between Solana and Hyperliquid, predicting that the victor could emerge as a $100 billion to $500 billion behemoth capable of reshaping capital markets. Now, with Solana’s burgeoning role in blockchain-based financial infrastructure, his latest assertions seem to gain more traction. This optimism is further echoed in predictions that Solana, XRP and Dogecoin ETF approvals in 2025 are a near lock, highlighting the growing confidence in Solana’s market potential.
Institutional interest in Solana is on a notable upswing. Recent records show CME Futures volume for SOL soaring to new heights, with a staggering 1.75 million contracts. This surge is perceived by market analysts as a testament to growing engagement from institutional investors, even as SOL’s price cools off from its recent peaks. Watkins’ insights appear to be resonating within the financial circles, reflecting a broader acceptance of Solana’s potential. Additionally, the CoinShares Solana ETF joins a growing list of applications for altcoin-based funds, underscoring the increasing institutional interest in Solana.
Technical Insights and Market Dynamics
On the technical front, SOL has been navigating a 24-hour price range that saw it fluctuating between $145.09 and $147.45—a 3.47% swing. Support levels have been identified at $143.02, with resistance looming near $147.98. Intriguingly, a resistance band has formed between $147.90 and $148.00, while support holds steady at $146.70, suggesting a potential retest of the $148–$150 range could be on the horizon.
The trading session noted a significant volume surge between 13:06 and 14:05 UTC, with prices climbing from $146.27 to $147.31. Such movements indicate underlying structural strength and hint at the possibility of renewed upward momentum, pending further market catalysts.
The Road Ahead
While Solana’s immediate price action reflects a cautious optimism, Watkins’ endorsement places it firmly in the spotlight as a frontrunner in the evolving crypto economy. Yet, questions linger about the sustainability of this trend. Can Solana maintain its momentum amid the volatile crypto market and increasing regulatory scrutiny?
The interplay between Solana’s technological prowess and institutional interest is a narrative still unfolding. As capital markets continue to explore blockchain’s potential, Solana’s journey will be one to watch closely. For now, the crypto world remains in a state of anticipation, awaiting the next chapter in this dynamic saga.
Source
This article is based on: Solana Will Lead Tokenization, Hyperliquid the ‘Perpification of Everything’: Ryan Watkins
Further Reading
Deepen your understanding with these related articles:
- Solana Hits $1 Billion Revenue in Q2 as dApps and Meme Coins Take Off
- Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model
- Standard Chartered Sees New Growth Frontiers in Non-Stablecoin Tokenization
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
