$SOL
Current Price: Approximately $176.88, down slightly daily ~‑1.26%. Trading range between $174.29 – $181.83.
Weekly Performance: Up about +9% compared to the level of $162–$163 since last week.
Technical Outlook: Inflation in the "Open Interest" of SOL contracts has exceeded a record level of $9.71 billion, reflecting investor confidence through derivatives, with the price heading towards an initial target of $200.
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📰 Top News
Stable Legislative Framework–Crypto Weeks: Signing of the Genius Act bill enhances clarity of regulatory frameworks for crypto and paves the way for institutional demand for currencies like Solana.
Rising Institutional Demand: Entry of institutions like Kraken and Pantera in launching liquid Staking tools for SOL investors, supporting network infrastructure and enhancing liquidity.
Major Bank Transactions: Partnerships with global financial institutions (HSBC, Bank of America, Euroclear, MAS) through R3 support the integration of Solana as an effective alternative to Ethereum in institutional use cases.
Advancements in ETFs: Launch of the first ETF linked to Solana (REX-Osprey Sol + Staking funds) with trading exceeding $20 million on launch day, with further demand expected from Fidelity, VanEck, and others.
Altcoin Performance Driven by Agreements: Weekly rise of +7% in Solana reflecting momentum within a bullish wave that also included major currencies.
