📈 Current Price and Performance
Current price: Ranges between $171.50 and $174.17, with slight fluctuations over the past 24 hours.
Weekly performance: The coin recorded a 17.10% increase over the past week, outperforming the overall market.
Market capitalization: Approximately $90.4 billion, making it one of the highest cryptocurrencies by market cap.
📰 Top News and Developments
Increased institutional interest: DeFi Development Corp announced the purchase of 20,473 SOL units, raising its total holdings to 420,690 units, indicating growing institutional confidence in Solana's future.
Significant market movements: The Pump.fun platform transferred approximately 132,000 SOL units (valued at nearly $22.88 million) to the Kraken exchange as part of its strategy to manage fee revenues.
Positive future outlook: Technical analysis indicates the formation of a 'Bull Flag' pattern on the price chart, which could drive the price towards $220 in the near future.
