#solana Solana (SOL) is currently trading at $196.38, with a 24-hour trading volume of $12.11 billion. Its market capitalization stands at $106.70 billion, ranking #6 among cryptocurrencies. Here are some key updates:
*Price Movement:*
- SOL's price has declined by 6.61% in the last 24 hours and 19.70% in the last 7 days.
- The coin's price is up 0.06% since last hour ¹ ².
*Recent Developments:*
- *SEC Approves SOL in Hashdex ETF*: The SEC has approved Hashdex's Nasdaq-listed ETF to hold SOL, XRP, and XLM, potentially attracting institutional capital and validating SOL's regulatory standing.
- *Institutional Accumulation*: SOL Strategies Inc., one of North America's largest Solana treasuries, has begun trading on Nasdaq under the ticker STKE. Pantera Capital has invested $1.1 billion in SOL, signaling strong institutional confidence.
- *Partnerships*: Kazakhstan's central bank has launched a pilot project with a new stablecoin called Evo, pegged to the local fiat currency in collaboration with Solana and Mastercard ³ ⁴ ⁵.
*Market Metrics:*
- *Market Cap*: $106.70 billion
- *24h Volume*: $12.11 billion
- *Circulating Supply*: 543.39 million SOL
- *All-Time High*: $293.31 (January 19, 2025)
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*Future Prospects:*
- Analysts predict a potential breakout for Solana in Q4 2025, with some expecting a price surge to $300.
- Galaxy Digital CEO Mike Novogratz believes Solana will be at the forefront of the next wave of crypto adoption, with billions set to flow into the ecosystem ⁴.