A fresh move in Solana’s ecosystem has caught market attention: the upcoming launch of a native stablecoin could channel significant capital into SOL. Analysts and traders believe this development might ignite demand and revive bullish forecasts for the token.
The initiative comes from a well-known DEX in the Solana network planning to issue its own stablecoin, named JupUSD. It is going to happen in partnership with a specialized firm. In its architecture, each stablecoin transaction will require SOL to pay network fees — creating a built-in incentive for usage and holding.
This marks potential multi-billion-dollar exposure for Solana, as SOL will be required to pay gas fees for JupUSD transactions on the network.
Jupiter has already processed nearly $20 billion in trading volume over the past 30 days, highlighting the stablecoin’s potential reach.
A market that only stands to grow. The total stablecoin market cap has surged more than 75% over the past year, with regulatory clarity under the GENIUS Act paving the way for sidelined institutional capital.
A native stablecoin that may fuel SOL demand
From a technical viewpoint, SOL currently faces resistance in the $220 zone. But with new catalysts — including the stablecoin’s launch, institutional inflows. And potential SOL ETFs — some analysts speculate that breaking past the historical resistance near $300 could unlock further gains.
This multi-billion-dollar demand could give Solana the momentum it needs to realize a 6-month rising wedge pattern.
The current move remains under pressure, with a historical supply zone around $220 being retested. Momentum indicators suggest potential short-term weakness. The RSI is teetering near the neutral line at 48, hinting that sellers could soon take control.
The MACD histogram shows similar caution, facing a potential death cross below the signal line today, a classic sign of local tops and the onset of a new downtrend.
Under favorable conditions, a move of 130% (toward $500) is plausible, with more ambitious scenarios targeting $1,000 in the medium term.
