$SOL update
Solana's current price is $164.29, with a closing price of $162.48 on August 2, 2025. Here's a breakdown of the key updates ¹:
- *Current Price*: Solana is trading at $164.29.
- *Recent Price Action*: SOL dropped below its 20-day moving average at $175 and is currently trading at $165, declining over 6.8% in the last 24 hours.
- *Support Levels*: The next key support is at the $158 level. If the price bounces off that level, buyers might attempt to push SOL above $185.
- *Resistance Levels*: If SOL breaks through $185, the price could climb toward $206.
Some positive developments for Solana include ² ³:
- *Open Interest*: Solana's open interest surged by 370% in July, reaching $400 million, which could signal a potential price rebound.
- *Institutional Demand*: DeFi Dev Corp has added over 181,000 SOL to its holdings, totaling more than $218 million, indicating strong institutional confidence.
- *Ecosystem Growth*: Solana's decentralized exchange (DEX) trading volume reached $2.509 billion, surpassing Ethereum's DEX trading volume.
Additionally, there are some notable updates on Solana-based projects and ETFs ⁴ ⁵ ⁶:
- *Solana ETF*: The Chicago Board Options Exchange (CBOE) has filed an application for a Solana ETF on behalf of Fidelity, marking a significant step in introducing a Solana-based exchange-traded fund.
- *Solana Futures ETFs*: Volatility Shares has introduced two ETFs tracking Solana futures: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
