Solana (SOL) has experienced a notable price surge in August 2025, breaking through key milestones from $193 to over $200 within a short period. The cryptocurrency reached $200 on August 13 and continued to climb, hitting $204 shortly thereafter. By August 17, Solana led all top 10 cryptocurrencies in 24-hour gains, reclaiming a price level of $191. Market enthusiasm around Solana is linked to the ongoing success of Solana-based exchange-traded funds (ETFs), which are contributing to expectations of a potential breakout to new all-time highs. Industry observers and investors are increasingly focused on Solana’s performance, with some considering it the altcoin most likely to reach new all-time highs first in 2025. This momentum is occurring amid broader interest in real-world asset (RWA) plays, exemplified by BlackRock's $3 billion investment in this space, although Solana remains a primary focus for smart money in the cryptocurrency market.