Solana Staking Deposits Reach $730M as VanEck Lists SOL ETF
Solana's price dipped to $143 on June 18, marking a 9% decline. Despite this, on-chain metrics indicate key stakeholders are focusing on long-term recovery. The cryptocurrency bounced back above $145 due to news about the listing of VanEck’s Solana ETF on the DTCC.
Key Points
- VanEck’s Solana ETF listed as “active and pre-launch” by DTCC.
- US SEC extended altcoin ETF review timelines until H2 2025.
- Staking deposits increased from 392.4 million SOL to 397.7 million SOL since June 13, valued at approximately $730 million.
- Increased staking during market downturn signals investor confidence in Solana’s long-term value.
- Short-term forecasts remain bearish; multi-day closes below $140 could lead to further declines.
- Resistance levels: reclaiming $153 needed for bullish momentum; breakout above $164.23 may signal reversal.
Amidst this volatility, investors are also showing interest in utility-driven presale tokens like Best Wallet ($BEST), which has raised over $13.4 million in its presale.