Solana Odds Spike as Buybacks Hit Record Levels

Polymarket trading saw a dramatic re-rating of Solana this week: in under eight hours, odds that SOL would reach $210 this month jumped from 67% to 94%. Solana subsequently pushed past that mark, touching $213 before pulling back, and markets still assign a 21% chance of SOL hitting $250 before month-end.

The surge in price expectations coincides with a sharp rise in token buybacks on Solana. New on-chain data shows Solana-based protocols now account for roughly 40% of all weekly token buybacks across crypto — up from just 10.8% in June. That rapid shift in buyback activity appears to be a core driver of short-term optimism, amplifying demand signals in an already volatile market.

• Polymarket re-rating: Odds for $210 rose from 67% to 94% in under eight hours.
• Price action: SOL touched $213; markets give ~21% probability of $250 before month-end.
• Buybacks: Solana protocols now represent roughly 40% of weekly buybacks, up from 10.8% in June.

For traders and DeFi observers, the intersection of concentrated buybacks and fast-moving derivatives markets underscores both the upside potential and the heightened risk in SOL trades. Monitor on-chain buyback flows and derivatives odds closely — they can rapidly reshape price prospects.

Keep monitoring on-chain buyback flows and derivatives odds, as they can rapidly reshape price prospects.