Solana Sees Increased Institutional Interest Amid Price Movement Toward $180 Potential

Key Points

1. Solana's (SOL) price is approaching $180, fueled by substantial institutional inflows, with a 24-hour trading volume surging to nearly $8 billion.

2. Upexi Inc. plans to acquire over 1.6 million SOL tokens (valued at ~$273 million), reinforcing bullish sentiment with a mid-July completion target.

3. SOL has broken through key resistance at $158, positioning it for a potential test of the $180 level, with overall market sentiment remaining bullish.

4. The liquidation of $23 million in short positions highlights shifting dynamics in the futures market, further supporting Solana's upward price movement.

5. Corporate treasury expansions, like Upexi Inc.'s, reflect growing institutional confidence in Solana as a long-term asset.