The deal or notable event: Massive Institutional Collaboration $SOL

A significant and important event in the development of the network was:

A strategic partnership between several major banks and financial institutions and the Solana Foundation through the British company R3.

This partnership includes global financial institutions such as HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore (MAS).

Key points:

These institutions are moving towards integrating and applying Solana's public technology in their operations, representing an important shift from relying solely on private blockchains to public blockchains.

The collaboration includes a direct investment from the Solana Foundation in R3, and the President of the Solana Foundation has joined the board of directors of R3. #solona

This deal is considered a major institutional breakthrough for SOL, reflecting the trust of the traditional financial sector in Solana's technology and enhancing its status as an open network applicable in traditional financial markets.

Quick summary of the price and movements

The current price of Solana (SOL) is approximately $193.08, with a slight decrease (~−3.6%) compared to the previous close. The daily high reached $200.35, and the low was around $188.59.

This movement comes within a moderate volatility range centered around the $200 barrier, which is considered an important psychological and technical resistance.#DeFiGetsGraded