๐ Solana Holds Steady: Institutions Flow Into Liquid Staking!
Solana ($SOL ) is flexing its strength, holding above the crucial $170 support within a rising channel ๐โshowing no signs of slowing down!
๐น DeFi Development Corp. has embraced liquid staking token (LST) technology ๐, using dfdvSOL to grow its SOL treasury. This strategy enables them to earn staking rewards without losing liquidity ๐ธโa smart move for long-term SOL believers.
Parker White, CIO of DeFi Dev Corp, says dfdvSOL helps boost validator equity, increase SOL ownership, and strengthen their long-term commitment to Solana ๐.
๐น SOL Strategies ๐จ๐ฆ has filed a preliminary prospectus in Canada, aiming to raise $1 billion ๐ฐ over two years for Solana ecosystem infrastructure and investmentsโfurther highlighting institutional faith in SOLโs potential.
Despite delays in the SOL Spot ETF approval ๐ฐ๏ธ, investor sentiment remains strong. SOL is currently trading at $172, reflecting a resilient recovery from its April low of $95.30โa solid comeback!
๐ Technical Snapshot:
SOL stays above the 200-day EMA ($163.58).
The 100-day and 50-day EMAs ($160) also provide key support.
Eyes are on the $200 level if this momentum continues.
Solanaโs fundamentals remain ๐ฅ with institutional players stepping in, liquid staking growing, and price action holding strong.
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๐ก Keep an eye on Solanaโitโs setting the stage for long-term growth!
๐ Follow for more updates! #Solana
