As of May 7, 2025, Solana (SOL) is trading at approximately $145.84 USD, reflecting a modest increase of about 1.9% over the past 24 hours. The 24-hour trading volume stands at around $3.2 billion, with a circulating supply of approximately 518.9 million SOL tokens.
Recent Developments:
Technical Upgrades: Solana has implemented a significant upgrade, increasing block capacity by 20% and enhancing developer tools. This aims to improve scalability and network efficiency.
Security Enhancements: Developers recently patched a vulnerability that could have allowed attackers to mint and steal certain tokens, reinforcing the network's security.
Market Outlook:
Analysts are optimistic about SOL's short-term performance, citing increased network activity and positive technical indicators. Some projections suggest that SOL could reach the $200 mark in the near future, contingent on continued bullish momentum and favorable market conditions.
