Standard Chartered trims Solana 2026 target to $250 but keeps $2,000 2030 forecast
Standard Chartered lowered its 2026 price forecast for Solana (SOL) from $310 to $250 while reaffirming a bullish long-term target of $2,000 by 2030. The bank’s digital assets team, led by Geoffrey Kendrick, said Solana is shifting from memecoin-driven speculation toward real-world financial use cases — notably high-frequency, low-value transactions and expanding stablecoin activity — which may suppress near-term returns and increase short-term volatility. The report outlines a phased price path: $400 (2027), $700 (2028), and $1,200 (2029). Analysts pointed to Solana’s ultra-fast, low-fee infrastructure, strong developer activity and rising stablecoin volumes (reported as two to three times Ethereum’s on-chain stablecoin throughput) as drivers for future adoption. On-chain trends cited include capital flows moving away from memecoins into SOL–stablecoin pairs and continued exchange outflows, suggesting more holders are taking long-term positions rather than active traders. For traders: expect short-term consolidation and volatility, monitor on-chain indicators — stablecoin volumes, SOL–stablecoin pair flows, network transactions and exchange flows — as leading signs of recovery or acceleration toward the bank’s multi-year targets.
Bullish
Net impact is bullish for SOL. Although Standard Chartered trimmed the near-term 2026 target to $250 — signaling weaker short-term growth and potential for consolidation — the bank reaffirmed a strong multi-year bullish thesis tied to payments and stablecoin activity, and provided higher targets for 2027–2029 and $2,000 by 2030. Key drivers cited (ultra-fast low-fee infrastructure, growing stablecoin throughput, developer activity, and exchange outflows implying long-term holding) point to structural demand that supports price appreciation over time. Short-term reaction is likely mixed: reduced near-term forecast and talk of increased volatility can trigger profit-taking and consolidation, while on-chain signs (rising stablecoin volume, SOL–stablecoin flows, continued network activity) would be constructive signals for a trend reversal. Traders should view the news as confirmation of a long-term bullish narrative but prepare for short-term volatility; monitor on-chain metrics and exchange flows as leading indicators for when accumulation could resume and validate the bank’s multi-year path.