Analysts point to signs of Solana season returning in Q4

"Solana Season" is the term investors use to describe a period when SOL and most tokens in its ecosystem experience a strong price rally. This phenomenon lasted throughout 2024 alongside SOL’s surge. Several signs suggest that Solana Season may be on the horizon again.

What are these signs? The following details provide a closer look.

Early signs of a Solana season breakout in Q4

First, the SOL/ETH and SOL/BTC charts over the past two months show a clear recovery. This rebound follows a prolonged decline that had persisted since the beginning of the year.

These movements suggest that capital flows toward Solana rather than Bitcoin (BTC) and Ethereum (ETH), the dominant market leaders.

SOL/ETH and SOL/BTC Performance. Source: TradingView.

This is not just a technical signal. It also reflects a shift among investors who are once again seeking opportunities within the Solana ecosystem.

In addition, the Altcoin Vector report—an institutional-level study by Swissblock—highlights Solana’s strong performance in September 2025.

Large Cap Monthly Return. Source: Altcoin Vector

Charts indicate that Solana outperformed XRP, ETH, and ADA, trailing only behind BNB. The report points out that leading altcoins remain fragmented, while ETH struggles to regain investor interest. If ETH fails to bounce back, attention could turn heavily toward Solana.

We’re at ETH’s Moment of Truth: recover and defend ground vs BTC, or lose leadership. If ETH fails, the next contender is ready. Could this mark the start of a SOL Season?” — Altcoin Vector reported.

Capital inflows from DATs and ETFs as key drivers

Analysts also agree that SOL will attract significant inflows from DATs (Digital Asset Tokens) and ETFs in October.

ETF specialist Nate Geraci noted that a key approval window will be created for ETF filings from three issuers next week. Meanwhile, Bloomberg analyst James Seyffart expressed optimism that a broader wave of crypto ETF approvals is approaching.

According to Helius, nearly 20 DAT companies held SOL by the final week of September. Their combined holdings reached about 15.4 million SOL, representing ~2.5% of the network’s total supply of 610 million tokens.

Solana DAT SOL Holdings. Source: Helius.

Most recently, Beijing-based VisionSys AI (VSA) announced a $2 billion Solana (SOL) treasury strategy.

We are about to see a colossal DeFi renaissance on Solana… big quarter coming up.” Mert, CEO of helius, predicted.

With these signs and capital drivers in play, analysts have reason to forecast that SOL’s price will continue to rise. Investor funds are expected to flow into the Solana ecosystem as they look for major profit opportunities.