solana
The SEC has postponed the approval of the Grayscale Solana Trust for a deeper legal and regulatory review, without judging the quality of the application. At the same time, purchases of Solana by institutional investors like Upexi and SOL Strategies have increased, reflecting growing confidence despite regulatory uncertainty. Improvements in the Solana network and a rise in the number of active wallets are boosting adoption, with expectations of breaking resistance at $180 and reaching towards $221 if the momentum continues.
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