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Rise in the price of Solana and related cryptocurrencies
The price of Solana (SOL) has risen to around $162, supported by increased activity on the network and strong expectations for the approval of ETF funds, in addition to institutional accumulation of the currency.
Trump's statements regarding the inclusion of Solana in the currency reserves have also contributed to the momentum.
Some related cryptocurrencies like BONK, LILPEPE, and Remittix have also risen, but they remain volatile.
Technically, there is strong resistance at $164–170, and failure to break through may lead to a correction towards $140. Despite the positive outlook, risks remain due to high market volatility and fluctuations in investor appetite.