Even though the "altcoin season" hasn't officially kicked off, Solana (SOL) is seeing a rise in interest from institutional investors, as significant accumulation activities were observed in May 2025.

Reports show that Solana is attracting investments from institutions and experiencing growth in new developer engagements, along with positive trends from on-chain data.

While the altcoin season is yet to arrive and altcoin trading volumes are lower than in previous years, Solana stands out as it garners attention from institutional investors. Notably, several institutions have increased their holdings of SOL, indicating a trend of accumulation and commitment to Solana's ecosystem.

In addition to institutional interest, Solana's ecosystem is thriving. With around 65% of SOL's total supply staked, it signifies confidence in Solana's stability and long-term prospects. Moreover, Solana's revenue in Q1 2025 hit $1.2 billion, marking significant growth and demonstrating a strong recovery. On-chain data also shows positive signs of demand for Solana despite the sluggish overall altcoin market.

An analysis suggests that SOL's price surge in early 2025 resembles Ethereum's performance in 2021, hinting at the potential for a growth cycle ahead. The parallel between the two increases confidence in Solana's future amid continued capital inflows from institutional investors.

Although the altcoin market is in the early stages of recovery, the moves by institutional investors and the development of Solana's ecosystem indicate that SOL may be on the verge of significant growth once market conditions improve.