Solana rallies as risk appetite returns

Key Points

1. Solana (SOL) rose 13% to $174.45, buoyed by Bitcoin's rebound above $122,000 and excitement around Pump.fun.

2. CPI came in at 2.7% year over year, while PPI cooled to 2.3%, easing market concerns about imminent Fed tightening.

3. President Donald Trump urged Republicans to support the GENIUS Act and oppose a Fed-issued CBDC.

4. Bitcoin's price hovered near $120k, with steady ETF inflows and strong staking participation (66.43%) and yield (7.17%).

5. Pump.fun saw nearly 30 million trades and $1.7 billion in DEX volume, mostly in meme tokens, while Bonk led in overall trading volume.