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Solana (SOL) Update:
Solana is currently trading at $134.77, marking a 1.23% gain over the past 24 hours. Its market cap sits at $66.36 billion. Below are some notable updates from the Solana ecosystem:
Price Activity: SOL has experienced some price volatility, fluctuating between $130.55 and $136.20 over the last 24 hours.
Market Standing: Ranked #6 on CoinMarketCap, Solana holds a live market cap of $69.58 billion and a 24-hour trading volume of $3 billion.
Ecosystem Developments:
Coinbase has upgraded its Solana infrastructure to mitigate recurring outages and performance bottlenecks.
Galaxy Digital introduced a proposal aimed at reducing Solana’s inflation through a revamped voting mechanism.
Meme Coin Activity: Meme coins on Solana like Fartcoin (FARTCOIN) and Popcat (POPCAT) have made notable moves, with Fartcoin jumping 26%, and Popcat rebounding after a previous decline.
Institutional Moves:
Canada has launched its first spot Solana ETFs, potentially paving the way for increased institutional participation.
Janover, a public real estate company, recently acquired 80,567 SOL (worth $10.5 million), boosting its total holdings to 163,651 SOL.
Upcoming Catalysts to Watch:
Token Unlock: A scheduled release of 11.2 million SOL could influence market dynamics.
Meme Coin Momentum: Trading activity in Solana-based meme coins is picking up again.
ETF Impact: Canadian ETF launches may draw more institutional capital into the Solana ecosystem.
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