$SOL

Solana Price Movements Show Resilience as Institutional Adoption Deepens

Between May 28 and 29, Solana’s price movements saw a major change after two breaking news stories. At press time, SOL trades around $165—down about 3.7% over 24 hours but up 12.6% on the month.

On May 28, MetaMask rolled out native SOL support, and Poloniex paused deposits and withdrawals for a one-hour network upgrade at 07:00 UTC. The next day, SOL Strategies filed a $1 billion prospectus aimed at funding ecosystem investments, underscoring the token’s rising institutional interest. 

Then, on May 30, major banks—including HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore—partnered with R3 to pilot asset tokenization on Solana. This partnership highlights Solana’s spot as a top crypto investment this month.

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