Solana (SOL) formed a bullish flag pattern on the 4-hour chart, confirmed between May 13 and May 19, 2025. A bullish flag appears after a sharp upward move, followed by downward-sloping consolidation within parallel lines, often signaling continued upward momentum.
The price broke out from the flag on May 21, jumping nearly 10%, but then pulled back 5% to retest support around the 50-period Exponential Moving Average (EMA) near $173.13.
As of May 24, SOL trades at $177.28, holding above the EMA and within the breakout zone. The Relative Strength Index (RSI) reads 59.76, still in bullish territory but showing a slight decline in momentum.
If the bullish flag confirms with strong continuation, SOL could climb 24% from the current price and hit the projected target of $220.01, as CoinChapter previously reported.
The price structure, volume support, and holding above EMA suggest the bullish outlook remains intact unless SOL closes back inside the flag.
Kalshi Adds Solana Deposits, Expands SOL Utility and Liquidity
Meanwhile, on May 23, 2025, Kalshi enabled Solana (SOL) deposits, adding the altcoin to its U.S.-regulated prediction platform alongside Bitcoin, USD Coin (USDC), and Worldcoin. The update allows users to fund Kalshi accounts directly with SOL, removing the need to convert into stablecoins.
With this integration, SOL holders can now enter prediction markets using their native tokens. This change boosts token circulation across wallets and Kalshi, potentially increasing on-chain demand.
Meanwhile, Solana’s on-chain activity had centered around decentralized exchange (DEX) trading and meme coin speculation. In May 2025, meme coins made up nearly 65% of the network’s trading volume, with daily DEX turnover peaking above $45 billion. Kalshi now adds a new use case: event-based predictions. Users can stake SOL on topics like weather, elections, or even entertainment events such as a GTA 6 release.
As a result, SOL may see broader utility beyond DeFi. The funds locked in event contracts will reenter the Solana ecosystem, improving market depth.
Kalshi’s SOL integration also uses Zero Hash to convert deposits into U.S. dollars automatically. This setup lowers settlement friction and appeals to crypto-native traders who seek fast execution and low fees.
In addition, the move may boost Kalshi’s reach. The platform handled $1.97 billion in trading volume in 2024, up from $183 million the year before. It now serves users across over 40 U.S. states and recently launched a mini-app for Worldcoin users.
Solana’s presence on Kalshi complements its existing role on Polymarket, a decentralized prediction platform that also uses the Solana blockchain. The dual listing could connect crypto-native and regulated markets, expanding liquidity channels and creating a bridge between ecosystems.
Solana Wants to ‘Make Everyone an Investor,’ Says Foundation’s nCMO
Akshay BD, the non-chief marketing officer (nCMO) at the Solana Foundation, said blockchain could help fix key problems in today’s financial system. Speaking at the Accelerate 2025 conference, he claimed Solana’s technology could allow “everyone to become an investor or a dreamer over time.”
Akshay argued that the current financial system fails to serve most people. He pointed to rising concern among investment managers and clients.
“You have low bond yields, asset bubbles, and confusion about how traditional portfolios work,”
he said.
“The 60-40 model hasn’t worked for a long time.”
According to him, the gap between wage income and asset ownership keeps growing. Most retail investors can’t access private markets, which are usually reserved for accredited investors. As a result, public markets often overheat due to limited alternatives.
Tokenization Could Fix Ownership Gaps
Akshay introduced the idea of “universal basic ownership.” Instead of relying on welfare programs like universal basic income, he suggested using blockchain to give everyone access to asset ownership.
“If you have a mobile phone, you should be able to own something,”
he said.
In his view,tokenization could allow people to invest in energy firms or even local coffee shops—just by scanning a QR code. Solana’s infrastructure could make this vision possible by reducing entry barriers for ordinary users.
At the same time, Akshay warned that artificial intelligence may increase inequality. As AI takes over jobs and drives capital to fewer hands, people who don’t own assets may fall behind. In this context, expanding ownership through crypto could offer a real alternative.
Retail Investors Shut Out of High-Value Markets
Akshay said current market dynamics leave out smaller investors. Public stocks have stayed overvalued for years. Market analytics firm Multpl shows the S&P 500’s price-to-earnings (P/E) ratio has remained above 19.6 since 2018. That’s well above the historical average of 16.1.
These high valuations reflect low interest rates, strong corporate earnings, and tech optimism. But they also raise risks. Past periods of overvaluation led to sharp corrections, such as the dot-com crash and the 2008 subprime crisis.
Akshay said previous attempts to democratize investing didn’t work because the tech wasn’t ready. However, blockchain now enables new ways to “financialize all productive assets in the economy.” With Solana, he said, “anyone who contributes to the economy can also own part of it.”
He described crypto as something that “starts with the game and quickly becomes profound.” In short, Solana wants to turn asset ownership into a universal experience—one where scanning a code could turn you into a stakeholder.
