$SOL Solana surpasses 200 USD as institutional buying creates a strong wave, increasing 23% in a week

The SOL token of Solana has exceeded 200 USD for the first time since the end of July, increasing by 15.67% in the past 24 hours, reaching 201.22 USD. This increase marks a 23% rise over the week, outperforming the general crypto market's 4.2% increase.

Currently, Solana's market value is 108.59 billion USD, with a 24-hour trading volume of 12.71 billion USD, indicating a significant increase of 118.04%. Institutional interest continues to support this bullish trend.

Upexi Inc. has established an advisory council related to Solana and announced holding 316 million USD worth of SOL tokens, positively influencing investor sentiment. Public companies currently hold about 8% of the total supply of Solana, which significantly impacts market movements.