Solana Defies Market Drop, Touches $200 as Altcoins Retreat Crypto Daybook Americas – July 22, 2025
Solana (SOL) surged past $200 on Monday, defying a broader market sell-off that saw most major altcoins retreat. The rally marks Solana’s highest price since February, driven by renewed investor interest and network activity.
While the CoinDesk 20 and 80 indices slipped amid profit-taking and cooling institutional inflows, SOL stood out with double-digit gains. Analysts suggest the strength is partly due to Solana’s expanding DeFi and NFT ecosystems, which continue to attract capital despite overall market caution. $SOL
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