What's remarkable is Since Friday afternoon at 4 p. , the price of Solana (SOL 7, given the current landscape. 95%) had surged nearly 10%, as of 11:09 a (noteworthy indeed).
Nevertheless, While there's not an exact reason for the move, a few events could be driving it. Institutional interest picking up Last week, the U.
Moreover, House of Representatives voted in favor of three crypto bills that investors view as bullish for the entire sector, two of which would create a framework for stablecoins and digital assets.
President Donald Trump recently signed the Genius Act (the one for stablecoins) into law because both the House and Senate apved the bill. Image source: Getty Images (fascinating analysis).
But it's also become that institutional interest in Solana is picking up, amid market uncertainty.
According to Coins' digital fund flows data, more than $39 million flowed into Solana-linked financial ducts last week. Coins also estimates that year-to-date inflows total $245 million.
At the same time, Furthermore, there have now reportedly been seven applications for a Solana spot exchange-traded fund (ETF), given current economic conditions.
Crypto spot ETFs increase liquidity for tokens and have previously ven to be bullish.
There are already extremely high odds that the Securities and Exchange Commission (SEC) will eventually apve a spot-Solana ETF before the year ends.
Additionally, A token to watch Solana is one of the few cryptocurrencies with immense potential (which is quite significant).
The nical strength of its network allows it to, in theory, cess tens of thousands of transactions per second. But it's still hard to translate this capability into a price target.
Additionally, For this reason, I'd recommend keeping positions smaller and more speculative right now. Bram Berkowitz has no position in any of the stocks mentioned.
Furthermore, The Motley Fool has positions in and recommends Solana. Conversely, The Motley Fool has a disclosure policy.