Solana Roars to $191, Figures Spike On Liquidations and Volume
Main Idea
Solana's price surged past $190, gaining 6.25% in 24 hours, with significant trading volume and market cap growth, driven by institutional interest and strong ecosystem activity.
Key Points
1. Solana's price reached $191.10, with a 6.25% gain in 24 hours, trading volume at $8.18 billion, and market cap at $102.82 billion.
2. Over $11 million in short positions were liquidated as SOL surged, with the largest single liquidation at $1.13 million.
3. Solana-based investment products saw $39.1 million in net inflows, while Bitcoin-focused products attracted $2.19 billion.
4. On-chain metrics showed increased daily active addresses and network fees, indicating heightened ecosystem activity.
5. Technical analysis suggests SOL could reach $200, with support levels at $175 and $160.
6. Whale wallets holding 1,000+ SOL are increasing, signaling accumulation and confidence in Solana's growth.
Description
Solana just lit up the crypto charts. The Layer 1 powerhouse stormed past the $190 mark and now trades at $191.10 USD, posting a strong 6.25% gain in the past 24 hours. Trading volume soared to $8.18 billion, and its market cap cracked $102.82 billion, cementing Solana’s place among the crypto elite. Bitcoin and Ethereum laid the groundwork. Bitcoin is quietly holding steady at $118,773, with a massive $2.36 trillion market cap. Ethereum remains strong at $3,781.27, backed by a $455 billion cap....
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