$SOL
Solana is gaining momentum as inflows from institutional investors push the price to $180.
Solana is back on the cryptocurrency market’s radar, showing solid price movement and renewed interest from institutional investors, laying the foundation for new growth.
Over the past 24 hours, SOL has shown a slight increase, reaching $164 amid active trading. However, investors are not only watching the price, but also the broader signals that indicate an increase in demand.
Market data shows that open interest and trading volume on Solana rose simultaneously, which often precedes sharp price swings. In just 24 hours, about $8 billion worth of SOL changed hands, and more than $23 million was liquidated in the futures market — mostly from short positions. This is a clear indication that traders were caught off guard by the upward pressure.
Behind the scenes, the big players are getting into the game. Upexi Inc. a publicly traded company, just made headlines by announcing it has raised $200 million specifically to expand its Solana portfolio. With plans to purchase more than 1.6 million SOL tokens worth $273 million, Upexi is signaling its long-term confidence. CEO Allan Marshall confirmed that the acquisition is expected to be completed by mid-July.
Such aggressive accumulation reflects a broader trend. Solana is increasingly seen as a promising treasury asset, and many companies, such as SOL Strategies, are already deploying capital into the ecosystem. Increased corporate adoption is driving a new wave of demand, putting pressure on supply and helping to sustain Solana’s bullish trend.
Looking ahead, technical analysis suggests that SOL could target a test of the $180 zone, especially after overcoming resistance at $158. With bitcoin trading above $119,000 and the overall market sentiment optimistic, Solana seems poised to capitalize on this momentum.
#solana
Solana is gaining momentum as inflows from institutional investors push the price to $180.
Solana is back on the cryptocurrency market’s radar, showing solid price movement and renewed interest from institutional investors, laying the foundation for new growth.
Over the past 24 hours, SOL has shown a slight increase, reaching $164 amid active trading. However, investors are not only watching the price, but also the broader signals that indicate an increase in demand.
Market data shows that open interest and trading volume on Solana rose simultaneously, which often precedes sharp price swings. In just 24 hours, about $8 billion worth of SOL changed hands, and more than $23 million was liquidated in the futures market — mostly from short positions. This is a clear indication that traders were caught off guard by the upward pressure.
Behind the scenes, the big players are getting into the game. Upexi Inc. a publicly traded company, just made headlines by announcing it has raised $200 million specifically to expand its Solana portfolio. With plans to purchase more than 1.6 million SOL tokens worth $273 million, Upexi is signaling its long-term confidence. CEO Allan Marshall confirmed that the acquisition is expected to be completed by mid-July.
Such aggressive accumulation reflects a broader trend. Solana is increasingly seen as a promising treasury asset, and many companies, such as SOL Strategies, are already deploying capital into the ecosystem. Increased corporate adoption is driving a new wave of demand, putting pressure on supply and helping to sustain Solana’s bullish trend.
Looking ahead, technical analysis suggests that SOL could target a test of the $180 zone, especially after overcoming resistance at $158. With bitcoin trading above $119,000 and the overall market sentiment optimistic, Solana seems poised to capitalize on this momentum.
#solana
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SOL
162.2
-0.11%