Solana Surges Past $90 on Institutional Support and Stablecoin Activity

Solana's surge past $90 is driven by a combination of factors, including strong institutional support and record-breaking stablecoin activity. The network is undergoing significant changes, with a historic alliance between Western Union and Crossmint to integrate USDPT stablecoin on the Solana blockchain. This partnership will enable users to access over 360,000 cash pickup locations in more than 200 countries.

The stablecoin transaction volume reached a record $650 billion in February 2026, making it the biggest stablecoin volume on any blockchain that month. This indicates a shift away from memecoins and towards payment infrastructure. Solana's low transaction fees make it an attractive option for users looking for cheaper and instantaneous settlement.

Technical analysis suggests that SOL's price could rise towards $96-$100 if it maintains support above $91.08 and Bitcoin remains stable. However, the price is also vulnerable to a drop towards $82.53 if it falls below $86.80.