Here's the latest news about Solana (SOL):
*Price Update*: Solana's price has surged past $200, fueled by institutional inflows and DeFi growth, with some analysts predicting it could reach $250 this quarter. The current price is around $199.48, with a 5.59% increase in the last 24 hours.
*Institutional Adoption*: Several public companies, including BIT Mining and Upexi, have increased their Solana holdings, with BIT Mining acquiring 27,191 SOL worth approximately $4.89 million and launching its first validator node.
*Solana ETF*: The SEC has acknowledged Invesco Galaxy's spot Solana ETF filing, which could potentially pave the way for its approval.
*DeFi Growth*: Solana's DeFi total value locked (TVL) has surged to a multi-year high, with the network seeing increased institutional demand.
*Partnerships*: BitPay has integrated Solana into its platform, enabling users and merchants to buy, store, send, receive, swap, and spend SOL and Solana-based stablecoins.
*Market Predictions*: Analysts predict Solana could reach $250 or even $500 in the coming weeks or months, citing its strong fundamentals and growing adoption ¹ ².