SOL (Solana) fell 1.55% in the last 24 hours.

Gate News Bot news, on July 8, according to CoinMarketCap, as of the time of writing, SOL (Solana) is currently priced at $149.22, falling by 1.55% in the last 24 hours, reaching a high of $156.19 and a low of $145.21. The 24-hour volume has reached $3.673 billion. The current market capitalization is approximately $79.917 billion, a decrease of $1.255 billion from yesterday.

Solana is a high-performance blockchain platform that provides developers with powerful infrastructure and offers all users a fast trading experience. Solana supports a wide range of user groups, from experienced users to newcomers. The platform is characterized by its speed, scalability, decentralization, and energy efficiency, with each transaction consuming only a fraction of the energy required for a Google search. The Solana ecosystem is rapidly growing, supporting application development in various fields such as payments, gaming, NFTs, and DeFi.

Important news about SOL recently:

1️⃣ REX-Osprey Solana Staking ETF Successfully Launched REX-Osprey Solana + Staking ETF (SSK) was officially listed for trading on the Cboe BZX exchange recently, becoming the first exchange-traded fund in the United States to provide exposure to Solana. This ETF not only offers SOL investment but also generates returns for investors by staking at least half of the fund's assets. On its first day of trading, it attracted approximately $12 million in inflows, with a total volume of $33 million. This marks the beginning of a new chapter in the crypto ETF market, providing investors with more diversified channels for Solana investment.

2️⃣ The market capitalization of tokenized stocks on the Solana chain is rapidly growing The total market capitalization of tokenized stocks on the Solana chain has surged over three times in the past two weeks, reaching $48.53 million. Currently, Solana ranks third in the tokenized stock segment, only behind Algorand and XRP Ledger. This growth reflects strong investor interest in the tokenization of real-world assets (RWA) on the Solana network, which could bring new growth momentum to the Solana ecosystem.

3️⃣ Institutional investors continue to increase their holdings of SOL DeFi Development Corp (DDC) recently purchased 17,760 SOL, bringing its total holdings to 640,585 SOL. DDC also disclosed details of a $112.5 million private placement, with part of the funds allocated for further acquisitions of SOL. The continued accumulation by institutional investors reflects confidence in the long-term development of Solana, which may provide support for the price of SOL.

From a technical perspective, SOL is currently oscillating near the key price level of $150. After breaking through the 50-day moving average, it may further rise to the $160 area. However, if it cannot hold the support level of $145, it may face further pullback risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.