$SOL
The latest updates on Solana (SOL) as of
May 5, 2025:
Current Price: SOL is trading at approximately $144.70, experiencing a slight decline of 1.22% over the past 24 hours.
Market Capitalization: The market cap stands at around $75.15 billion, with a circulating supply of over 518 million SOL tokens.
Coinbase
Trading Volume: The 24-hour trading volume is approximately $1.97 billion, indicating active market participation.
Coinbase
Security Update: The Solana Foundation recently patched a critical vulnerability in its Token-2022 standard, which could have allowed unauthorized minting or withdrawals.
DeFi Development Corp Acquisition: DeFi Development Corp. has acquired a Solana validator business with an average delegated stake of approximately 500,000 SOL, enhancing its role within the Solana network.
Price Predictions: Analysts suggest that breaking the $150 resistance level could trigger a rally toward $185, with potential to reach $205 by late May.
Technical Indicators: The Fear & Greed Index is at 64, indicating a 'Greed' sentiment among investors, though the overall market sentiment remains bearish.
changelly.com
All-Time High: SOL's all-time high was $294.85, making the current price approximately 51% below its peak.
Coinbase
ETF Prospects: Bloomberg Intelligence estimates a 90% chance of Solana ETF approval, which could further boost investor confidence.
CryptoNinjas
Layer-2 Developments: Solaxy ($SOLX), Solana's first Layer-2 solution, has raised over $33 million in its presale, aiming to address network congestion issues.
