• Normal Chartered lowered its 2026 Solana goal to $250 (down from $310) resulting from present market stress, however projected a long-term surge to $2,000 by 2030.
  • The financial institution sees a shift from “memecoins to micropayments,” noting that Solana’s sub-cent charges and excessive pace make it the best rail for AI-driven, stablecoin-based transactions.
  • Institutional adoption is rising, with the Bitwise BSOL ETF capturing 78% of all SOL ETF inflows since October 2025, now controlling over 1% of the full provide.

Solana’s (SOL) newest sell-off has not shaken Normal Chartered’s view that the community might grow to be a core rail for small, dollar-linked funds quite than only a residence for speculative memecoins.

After SOL dropped again towards about US$100 (AU$153), the financial institution’s head of crypto analysis, Geoffrey Kendrick, reduce his end-2026 value goal to US$250 (AU$382) from US$310 (AU$474). 

However Kendrick nonetheless expects a lot larger ranges over time, with up to date targets of:

  • US$400 (AU$612) in 2027
  • US$700 (AU$1,071) in 2028
  • US$1,200 (AU$1,836) in 2029
  • And as much as US$2,000 (AU$3,060) by 2030.

Learn extra:  CrossCurve Bridge Drained in US$3M Smart Contract Exploit Across Multiple Chains

Not Memecoins, However Spending

In 2025, practically half of Solana’s protocol charges got here from memecoin buying and selling on decentralised exchanges. Kendrick says the bullish case is constructed much less on memes and extra on funds, as latest knowledge exhibits exercise shifting towards buying and selling between SOL and stablecoins, and notes that stablecoin volumes on the Solana community now run forward of Ethereum’s.

Normal Chartered talked about x402 for instance, a platform constructed by Coinbase for tiny, AI-driven funds utilizing stablecoins. The common fee there may be round US$0.06 (AU$0.09). Many of the quantity has run on Base, Coinbase’s layer 2, however Kendrick argues Base’s charges are nonetheless too excessive for long-term mass use. 

Solana transactions usually price lower than a cent, making it a greater match for machine-to-machine funds and pay-per-use options inside apps.

Normal Chartered additionally factors to rising “sticky” possession. Since October 2025, the Bitwise BSOL exchange-traded fund has taken in roughly 78% of web inflows to SOL-focused ETFs, bringing greater than 1% of SOL’s whole provide below ETF administration. Digital-asset treasury portfolios now maintain shut to three% of the provision.

Within the financial institution’s view, these tendencies present Solana progressively shifting away from a “one-trick pony” memecoin picture and towards a job as infrastructure for affordable, stablecoin-based funds, even when its value path is bumpier within the quick time period than the financial institution beforehand anticipated.

Associated: Michael Saylor Hints at Fresh Bitcoin Buy as Strategy Stacks More BTC 

The publish Standard Chartered Cuts Solana Target After Selloff, Still Sees Path to $2,000 appeared first on Crypto News Australia.