The post Solana Hits 7-Month High Price as Bitwise Exec Foresees ‘Epic End-of-Year Run’ appeared on BitcoinEthereumNews.com. In brief Solana is up 4% on Wednesday and hit a seven-month high price of nearly $225. The asset might be primed for a year-end run, according to Bitwise CIO Matt Hougan. Hougan cited demand from pending spot ETFs and digital asset treasuries as potential catalysts. Solana is getting hot again—and may be primed for an “epic end-of-year run,” according to Bitwise Chief Investment Officer Matt Hougan.  The sixth-largest crypto asset by market cap is up more than 4% in the last 24 hours to $223, and earlier Wednesday hit $224.95—a mark it hasn’t held since February 1. Solana has risen 25% over the last 30 days, making it the largest gainer among the top 10 assets by market cap. “For the last 18 months, the recipe for strong returns in crypto has been clear: Take one part exchange traded products (ETP) inflows, add strong corporate treasury purchases, and voilà—you get big returns,” Hougan wrote in his weekly memo. “Solana has the conditions to follow this path.” “All the ingredients are there for an epic end-of-year run for Solana,” he added.  At least one part of that equation is already underway for Solana.  Digital asset treasuries centered on Solana have been snatching up SOL all year, with publicly traded firms like Upexi and DeFi Development Corp. having accumulated more than $400 million worth of the asset apiece since the year began.  An even bigger treasury may be established soon. On Monday, Forward Industries announced a $1.65 billion private investment in public equity (PIPE) raise, with the proceeds planned to build its Solana treasury, enabling it to create the largest publicly traded SOL treasury on the books if it uses just more than 25% of the proceeds. The firm will be led by early Solana investor and Multicoin Capital co-founder,… The post Solana Hits 7-Month High Price as Bitwise Exec Foresees ‘Epic End-of-Year Run’ appeared on BitcoinEthereumNews.com. In brief Solana is up 4% on Wednesday and hit a seven-month high price of nearly $225. The asset might be primed for a year-end run, according to Bitwise CIO Matt Hougan. Hougan cited demand from pending spot ETFs and digital asset treasuries as potential catalysts. Solana is getting hot again—and may be primed for an “epic end-of-year run,” according to Bitwise Chief Investment Officer Matt Hougan.  The sixth-largest crypto asset by market cap is up more than 4% in the last 24 hours to $223, and earlier Wednesday hit $224.95—a mark it hasn’t held since February 1. Solana has risen 25% over the last 30 days, making it the largest gainer among the top 10 assets by market cap. “For the last 18 months, the recipe for strong returns in crypto has been clear: Take one part exchange traded products (ETP) inflows, add strong corporate treasury purchases, and voilà—you get big returns,” Hougan wrote in his weekly memo. “Solana has the conditions to follow this path.” “All the ingredients are there for an epic end-of-year run for Solana,” he added.  At least one part of that equation is already underway for Solana.  Digital asset treasuries centered on Solana have been snatching up SOL all year, with publicly traded firms like Upexi and DeFi Development Corp. having accumulated more than $400 million worth of the asset apiece since the year began.  An even bigger treasury may be established soon. On Monday, Forward Industries announced a $1.65 billion private investment in public equity (PIPE) raise, with the proceeds planned to build its Solana treasury, enabling it to create the largest publicly traded SOL treasury on the books if it uses just more than 25% of the proceeds. The firm will be led by early Solana investor and Multicoin Capital co-founder,…