🚀 Solana Surpasses $200 with Strong Institutional Buying

Solana $SOL has broken the psychological barrier of $200 again, driven by institutional purchases and optimism in the altcoin market.

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📈 Recent Performance

• Current Price: $201.22 (+15.67% in the last 24h)

• Weekly Gain: +23%

• Market Cap: $108.59 billion

• 24h Volume: $12.71 billion (+118.04%)

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🏢 The Role of Companies

• Upexi Inc. (listed on Nasdaq) created a council focused on Solana, led by Arthur Hayes (co-founder of BitMEX).

• The company holds $316 million in SOL and plans to expand its participation in network projects.

• Upexi shares rose 20% in pre-market after the announcement.

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🔑 Bullish Factors

• Corporate Ownership: Companies already control about 8% of the available SOL supply.

• Scarcity in the market increases buying pressure.

• Regulatory outlook: possible approval of investment funds backed by Solana in the US.

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🎯 Strategic Level

• The breakout above $200 signals renewed strength.

• Recent intraday high: $205.87.

• Investors are monitoring whether the price can maintain itself above this level.

⸻#solana #altcoinseason #SolanaStrong

💡 Summary: The combination of institutional buying, reduced supply in the market, and growing interest in altcoins places Solana in the center of traders' radar — with potential to maintain the trend if institutional appetite continues.