$SOL surges 6% as institutional adoption accelerates with J.P. Morgan's Galaxy debt issuance on the Solana blockchain.
What's Happening:
J.P. Morgan acts as arranger for Galaxy's tokenized debt on Solana
Deal settled in USDC with Coinbase and Franklin Templeton backing
XRP wrapped version now tradable on Solana ecosystem
SOL leads major coin recovery with strongest gains today
Why It Matters: When J.P. Morgan brings traditional finance deals to Solana, it validates the network's institutional readiness. This isn't just DeFi experimentation - it's Wall Street going onchain.
Technical View: $SOL reclaiming $139 with momentum. The $140-145 zone is the next resistance area to watch for continuation.
💡 Institutions are choosing Solana for speed - follow the infrastructure bets
#Solana #SOL #JPMorgan #Tokenization #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
