💪🏻 Solana Breaks Out on Novogratz Endorsement
Solana climbed past $239, its highest level in three weeks, after Galaxy Digital CEO Mike Novogratz praised the network as “tailor-made” for global financial markets. Speaking at a recent conference, Novogratz highlighted Solana’s throughput and efficiency, arguing that its design makes it well-suited for large-scale trading and settlement.
The endorsement stood out because Novogratz rarely singles out specific blockchains. His remarks gave markets a fresh catalyst, with SOL extending gains just as broader crypto sentiment turned risk-on.
Institutional players are increasingly exploring alternatives to Ethereum, and backing from seasoned investors can accelerate that trend.
For Solana, the challenge is sustaining momentum with real adoption across DeFi, payments, and tokenized assets. Still, Novogratz’s stamp of approval adds credibility, and the market’s quick reaction shows how seriously investors are taking it.
