SOL Price Rises 7.83% with $4.53 Billion in Daily Trading Volume
Solana's price increased by 7.83% in the last 24 hours, with trading volumes rising 100% to over $4.53 billion. This surge is attributed to optimism surrounding a potential Solana ETF and the launch of Bybit's decentralized exchange, Byreal.
SOL Price Movements
- SOL has been fluctuating between support at $140 and resistance at $185.
- Futures open interest for SOL rose by 10.27% to nearly $7 billion.
- Daily liquidations surpassed $14 million, primarily from short positions.
- Analyst Old Hawk indicates a bullish trend; breaking $187 could lead to further gains towards an all-time high of $263.
- He predicts potential prices of $400–$500 if a Solana ETF is approved.
Solana ETF Developments
- Bloomberg's Eric Balchunas reported a 90% chance of Solana ETF approval.
- Fidelity Investments filed for a spot Solana ETF on June 14, 2025.
- Invesco and Galaxy Digital also submitted applications for spot Solana ETFs.
- MemeStrategy became the first publicly listed company in Hong Kong to invest in Solana, acquiring 2,440 SOL tokens valued at approximately HKD 2.9 million.
Authors credited by the source: Bhushan Akolkar
Published by Holder based on an external source.
