Solana Price Surges to $85 Amid Broader Crypto Recovery

Solana's price has surged to around $85 as of July 1, 2026, up from the $66 to $72 range where it had been stuck in mid-June. This sharp climb tracks a broader recovery across crypto markets following the ceasefire between the United States and Iran.

The move is attributed to several factors, including Solana's own catalysts. The Alpenglow upgrade, which aims to cut transaction finality from 12.8 seconds to around 100-150 milliseconds, is still in testing but expected to go live by late Q3 or early Q4 of this year.

A spot exchange-traded fund (ETF) for Solana has also contributed to the rally, with inflows surpassing $1 billion. The SEC and CFTC's digital commodity classification in March 2026 has removed a structural barrier that had kept some institutional allocators on the sidelines.