Recently, the Crypto Assets market has shown an overall rising trend, but Solana (SOL) has lagged slightly in performance. Although its 24-hour volume surged by 28.03%, reaching $7.69 billion, the price has not been able to rise in sync. This abnormal phenomenon may stem from investors taking profits after SOL reached a high of $250 in mid-September.

The downward pressure facing the market has further intensified, primarily due to Galaxy Digital's decision to redeem 250,000 SOL, valued at approximately $40.7 million. This move could trigger a broader sell-off, putting additional pressure on the price of SOL. As of now, the price of SOL has slightly decreased by 0.72%, quoted at $231.01.

However, institutional investors' interest in SOL seems to have not weakened. Notably, Helius Medical Company, backed by Pantera Capital, made a significant investment of $167 million to purchase 760,000 SOL, demonstrating the long-term optimism of some large institutions towards SOL.

Market analysts hold a cautiously optimistic view on the future movements of SOL. They believe that if SOL can maintain the key support level of 230 dollars, its price is expected to break through 267 dollars by the end of October. More optimistic predictions suggest that in the coming months, SOL could even rise to high levels of 520 dollars.

However, investors should remain cautious and closely monitor market trends and institutional behavior. The high volatility of the crypto assets market means that situations can change at any time, so it is necessary to stay updated on the latest developments and make corresponding investment decisions.