Solana (SOL) Recent News (Short & Major Words):

Ecosystem Growth & Investment:

* Institutional Interest: Close to $1 billion secured this week from institutions for Solana ecosystem development and SOL purchases.

* $100M Funds: GSR invested $100M in UPEXI for Solana treasury strategy. Astra Fintech launched a $100M fund for Solana ecosystem innovation. RockawayX launched a $125M fund for Solana app development.

* $500M Investment: SOL Strategies secured up to $500M from ATW Partners to purchase SOL and earn staking rewards.

* Treasury Expansion: DeFi Development Corp. aims to raise up to $1 billion for its Solana treasury.

* TVL High: Solana's Total Value Locked (TVL) reached a new high since June 2022 (in SOL terms).

* DEX Leader: Solana now leads in Decentralized Exchange (DEX) trading volume, surpassing Ethereum.

* AI on Solana: Nous Research secured $50M from Paradigm to build decentralized AI on Solana.

Price & Market:

* Price Movement: SOL price saw some volatility but generally traded around the $145 - $150 range recently.

* Resistance Levels: Key resistance around $159 - $162 being watched for potential breakout.

* Bearish Signals: Some technical indicators suggest potential for a downfall if key levels are not regained.

* Bullish Predictions: Some analysts predict potential rise towards $400 in the current market rally.

* ETF Potential: Optimism remains for a Solana ETF in 2025, with applications filed by Grayscale and CBOE (for Fidelity).

Other:

* Loopscale Exploit: Loan protocol Loopscale experienced an exploit with losses in USDC and SOL, leading to halted operations.

* Transaction Fees Low: Solana network transaction fees reached their lowest level since September 2024.#BinanceAlphaAlert $SOL