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Solana rallies to $120, boosting stocks of companies holding millions of SOL tokens.

Market News
24 Sep 2026
Crypto Briefing
View Source
Bullish
Solana rallies to $120, boosting stocks of companies holding millions of SOL tokens.

Solana's token price has surged to $120, its highest in nine months, positively impacting Nasdaq-listed companies holding millions of SOL tokens. Companies like Forward Industries and Solana Company have large SOL treasuries worth hundreds of millions, with some raising capital to buy more. The rise is supported by strong ETF inflows and expanding ecosystem use cases, though risks remain due to high concentration of SOL holdings in public companies, which could trigger forced selling under pressure. Analysts remain bullish, with price targets ranging from $130 to $500.

Solana's recent rally to $120 provides context for the cryptocurrency market snapshot on Pluang as of Sep 24, 2026 19:22 WIB. Among 50 major cryptocurrencies priced on Pluang, 8 rose and 40 fell today. Notable movers include EOS, which gained 8.13% to Rp12.649 with a typical hold time of 87 days, SNX down 7.90% at Rp4.264 with a 72% buy order activity, and SAND down 7.73% at Rp720 with a 70% sell order activity.

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