Standard Chartered reaffirmed its long-term bullish outlook on Solana on February 4, predicting that SOL could hit $2,000 by 2030, despite it currently trading near $100.
The bank lowered its price target for 2026 to $250 from $310 due to current market pressures and a slowdown in speculative activity, as per a recent post by SolanaFloor. However, digital assets analyst Geoff Kendrick explained that the revision is due to timing changes and not any deterioration in SOL’s fundamentals.
SOL was last seen trading around the price of $97 at the time of writing, significantly down from its previous highs, according to CoinGecko.
Solana Sees Shift Toward Stablecoin Usage
Standard Chartered pointed out that SOL has experienced a transition in on-chain trading patterns, with funds moving out of memecoins and into SOL-stablecoin pairs.
In 2025, almost half of Solana’s protocol costs were fueled by memecoin trading on decentralized exchanges. However, recent trends indicate that stablecoin trading on Solana has surpassed Ethereum, which indicates a transition towards high-frequency and low-cost transactions.
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Institutional Exposure to SOL Continues Growing
Coinbase-backed platform x402 is enabling AI-driven micro-transactions averaging just $0.06 per payment. Although most of the initial trading activity has been on Ethereum’s Base network, Kendrick stated that Solana’s sub-cent transaction costs make it a better choice for building micropayment infrastructure.
The bank stated that these factors make SOL as a potential settlement layer for digital payments, such as machine-to-machine payments and pay-per-use models that are currently unfeasible on higher-cost networks.
Although there has been some weakness in price, institutional investment continues to rise. Since October 2025, the Bitwise BSOL ETF has accounted for 78% of net inflows into SOL ETFs, which has placed over 1% of circulating supply under ETF management. Digital asset treasuries currently hold almost 3% of the total SOL supply, according to the report.
Standard Chartered forecasts SOL to reach $400 in 2027, $700 in 2028, and $1,200 in 2029, although they reiterated that market volatility and regulatory changes could affect these predictions.
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