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Can SOL break past $130 as WisdomTree expands tokenised funds to Solana? - CoinJournal
SOL is currently trading around the mid-$120 range, having recently struggled to reclaim the psychologically important $130 level.
Despite short-term weakness, broader developments within the Solana ecosystem suggest growing structural support beneath the price.
At the centre of this renewed narrative is WisdomTree’s decision to expand its tokenised fund offerings onto the Solana blockchain.
This move places Solana firmly within the accelerating real-world asset tokenisation trend led by traditional financial institutions.
WisdomTree’s expansion of its tokenised funds to Solana
WisdomTree manages more than $150 billion in assets, making its presence on Solana a significant validation signal.
By enabling tokenised money market, equity, fixed income, and allocation funds on Solana, WisdomTree is deepening institutional use cases for the network.
The integration allows both institutional and retail participants to mint, trade, and hold regulated tokenised funds natively on-chain.
Solana’s fast settlement speeds and low transaction costs appear to be key reasons behind WisdomTree’s expansion choice.
This development strengthens Solana’s positioning as a blockchain capable of supporting regulated financial products at scale.
Institutional adoption often acts as a slow-burning catalyst rather than an immediate price trigger.
However, it can materially alter long-term demand dynamics for SOL as the network utility expands.
Technical structure and speculative activity shape short-term outlook
At the same time, market participants are watching SOL’s technical structure closely.
Recent price action has shown signs of a potential double-bottom formation around the $117 area.
This pattern is often interpreted as a stabilisation phase following extended downside pressure.
If SOL can maintain support above this region, technical traders see room for a move toward higher resistance zones.
The $130 level represents a critical short-term barrier that has capped upside momentum.
A clean break above $130 could shift market sentiment decisively toward a bullish continuation.
Beyond technicals, on-chain activity across Solana continues to show mixed but notable signals.
Meme token activity on Solana has experienced a surprising revival after months of reduced engagement.
Platforms like Pump.fun have driven a surge in new token creation, approaching an eleven-month high.
Hundreds of thousands of addresses have re-engaged with Solana’s meme economy in recent weeks.
This activity has translated into rising decentralised exchange volumes and fee generation.
While much of this participation is short-term and speculative, it still contributes to network usage.
Higher transaction counts and fee flows indirectly reinforce SOL’s role as the network’s economic backbone.
However, the meme token sector has also highlighted ongoing risks within Solana’s ecosystem.
The rapid collapse of the LICK memecoin underscored persistent issues around insider concentration and token launch practices.
Events like this can weigh on sentiment, particularly among more risk-averse investors.
Nevertheless, speculative excess has historically coexisted with meaningful innovation during growth phases.
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