Solana Could Hit $600 This Cycle, Says Crypto Analyst Ansem

• Crypto analyst Ansem says Solana has likely bottomed and sees $600 as a cycle target.
• Solana’s RWA ecosystem hit a record $3.62B, adding over $540M in the past week.
• Solana dominated tokenized equities with $4.84 billion in Q2 trading volume.

Crypto analyst Ansem believes Solana has already formed its cycle bottom and could climb to $600 during the current market cycle.

Speaking on the Market Bubble podcast with FaZe Banks, Ansem said his bullish outlook comes from observing multiple crypto cycles since entering the market in 2017. 

He said Solana has repeatedly rewarded investors after periods of extreme pessimism, pointing to its recovery following the FTX collapse, when many believed the network would not survive.

According to Ansem, today’s market looks similar. Bitcoin remains roughly 50% below its all-time high, while Solana has fallen around 75% from its peak after months of sideways trading.

He believes market sentiment has become excessively negative just as several Solana fundamentals are beginning to improve.

“I think momentum is going to shift really fast in the other direction,” he said.

Ansem added that his long-term valuation is even higher than $600. He said Solana reaching Ethereum’s previous peak market capitalization of roughly $600 billion would imply a price near $990 per SOL, although he considers $600 a more realistic target for the current cycle.

“I think Solana has bottomed,” Ansem said, adding that momentum has already begun turning after the token gained around 21% in the week following his original call.

Infrastructure Upgrades Support the Bullish Case

According to Ansem, Solana’s biggest advantage is not just price but continuous network improvement. He argued that many Layer-1 blockchains fail to improve significantly from one market cycle to the next, while Solana consistently upgrades its infrastructure. 

Those improvements attract more developers, create stronger applications, and compound over time. Ansem expects the next wave of billion-dollar projects on Solana to extend beyond memecoins into broader sectors. 

In a series of posts on X, Ansem noted that he believes SOL will reclaim the topside of the range and “hit $150 over the next couple months” as it starts its uptrend again for the first time in over a year.

On-Chain Metrics Continue Setting Records

Meanwhile, Solana’s real-world asset (RWA) ecosystem has reached a new all-time high of $3.62 billion in total value after adding more than $540 million during the past seven days. 

Since the beginning of 2026, Solana has expanded its RWA market from approximately $1.4 billion to more than $3.6 billion, adding over $2 billion in tokenized assets within six months.

Only Ethereum, with roughly $15.9 billion, and BNB Chain, with around $3.9 billion, currently hold larger RWA ecosystems. The network now hosts 2,119 tokenized assets and 292,818 RWA holders, while the sector has grown more than 33% over the past month.

Capital continues flowing toward Solana as well. According to RWA.xyz, the network attracted approximately $967 million in net inflows over the past 30 days, the highest among all blockchains. During the same period, Ethereum recorded roughly $202 million in net outflows.

Furthermore, Solana has also reclaimed the top position among all blockchains in daily Network Real Economic Value (REV), a metric that combines protocol fees and user-paid tips to measure demand for blockspace.

It is also important to note that during the second quarter of 2026, Solana processed a record $4.84 billion in tokenized equity spot trading, accounting for more than 96% of the market and handling more volume than every other blockchain combined.

Related: Solana’s Price Action Suggests an Ongoing Bullish Turnaround