Solana (SOL) rebounded 5% to $84.52 on April 18, with institutional developments driving much of the attention. The source article, citing openPR, said Morgan Stanley filed for a standalone Solana Trust, while combined assets under management for Bitwise BSOL and Fidelity FSOL moved past $1 billion.
ETF flows and ecosystem data supported the move
According to the report, Bitwise’s Solana Staking ETF, BSOL, recorded $15.5 million in net inflows on April 16 alone. The same article said BSOL’s cumulative inflows have now exceeded $808 million, while aggregate Solana ETF net assets are close to $892 million. It also pointed to a sharp expansion in Solana’s non-USDC stablecoin supply, which it said has grown 15x since January 2025 to reach $3.8 billion.
The piece also linked SOL’s move from $82 to $84.52 to Tether’s $147.5 million commitment to a Drift Protocol recovery package. Bitcoin was cited near $75,800. In that framing, the article argued that capital rotation may be opening room for higher-risk early-stage crypto bets.
Standard Chartered target featured in the report
The source said Standard Chartered has a $250 price target for SOL. Using the article’s own framing, that implies roughly 2.8x upside on a $50 billion market cap. The comparison was used to argue that large-cap tokens may offer a more limited return profile than smaller early-entry trades, though that was presented as commentary within the promotional article rather than as independently established market consensus.
Pepeto dominated much of the article’s pitch
A large part of the source focused on Pepeto, saying its latest presale stage closed faster than prior rounds and that it has raised $9.23 million. The article claimed Pepeto offers zero-fee swaps, cross-chain transfers across Ethereum, BNB Chain, and Solana, and contract risk scanning, with smart contracts reviewed by SolidProof. It also said the exchange product is in its final build phase before launch.
Still, the Pepeto section carried clear promotional language. The source described it as the “smartest” choice for 2026 and referenced a confirmed Binance listing, a presale price of $0.0000001865, and 181% APY staking compounded daily. Those claims appeared in the article itself, but the provided material did not include additional independent verification for them.