Solana’s price action and growing ETF interest, with rising odds of an XRP ETF approval, are setting the stage for MAGACOIN Finance to attract attention as one of 2025’s most talked-about altcoins.
Solana climbed above $200 this week and hit a peak of $204 before dropping to $198 marking its highest level since July 22.
CoinGecko shows SOL gained more than 9% in 24 hours boosted by DeFi Development Corp.’s $22 million acquisition of 110,000 SOL. This increased the firm’s holdings to over 1.42 million SOL valued at $273 million. The company said it will stake the newly purchased tokens to its validators to generate yield.
Meanwhile, the SEC has delayed its decision on Solana ETF proposals from Bitwise and 21Shares to October 16, 2025. Analysts say the decision could influence the future of altcoin ETFs, as the regulator weighs market surveillance, investor protection and whether Solana should be classified as a security or commodity.
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