📈 Current price and performance
Current price: Ranges between $171.50 and $174.17, with slight fluctuations over the past 24 hours.
Weekly performance: The currency recorded a 17.10% increase over the past week, outperforming the general market.
Market cap: Approximately $90.4 billion, making it one of the highest cryptocurrencies by market capitalization.
📰 Latest news and developments
Increasing institutional interest: DeFi Development Corp announced the purchase of 20,473 SOL units, raising its total holdings to 420,690 units, indicating growing confidence from institutions in Solana's future.
Significant market movements: The platform Pump.fun has moved around 132,000 SOL units (worth approximately $22.88 million) to the Kraken exchange as part of its strategy to manage fee revenues.
Positive future outlook: Technical analysis indicates the formation of a 'bull flag' pattern on the price chart, which could push the price towards $220 in the near future.