The announcement of Kraken sparked the price of Solana, trading at $178. Currently, SOL has risen almost 8% in the last day, while the daily trading volume continues to reflect a bullish sentiment.
The recent price increase is dispelling speculations about a drop in the price of Solana to $140, as institutional interest reaches frenzied levels.
Over the past week, Solana has gained 4%, but the 30-day chart presents a bullish outlook for investors. The price of SOL has surged a remarkable 23.1% over the last month, greatly outperforming the rest of its peers.
The price increase is not fleeting, as Solana continues to capture institutional attention. Hours earlier, OKX launched xBTC on Solana to join the launch of Société Générale's stablecoin on the network.
