SOL (Solana) fell 1.14% in the last 24 hours.

Gate News Bot消息，July 4, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at 151.23 USD, having fallen 1.14% in the last 24 hours, with a high of 159.63 USD and a low of 141.35 USD. The 24-hour volume reached 3.65 billion USD. The current market capitalization is approximately 80.87 billion USD, a decrease of 934 million USD compared to yesterday.

Solana is a high-performance blockchain platform that provides developers with powerful infrastructure and offers a fast experience for all users. The platform supports a variety of application scenarios, from seasoned users to new consumers, and is committed to bringing blockchain technology to the masses. The Solana ecosystem is providing tools and integrated solutions for numerous companies worldwide.

Important news about SOL recently:

1️⃣ The first Solana staking ETF is listed in the United States REX-Osprey Solana + Staking ETF officially launched on July 2 on the Cboe BZX exchange, becoming the first exchange-traded fund in the United States to offer exposure to Solana. This ETF not only provides 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 $33.6 million. This marks the beginning of a new chapter in the crypto ETF market, providing investors with more diversified investment channels for Solana.

2️⃣ Circle issues additional USDC on the Solana chain Circle issued 250 million USDC on the Solana chain on July 4. This move may reflect an increased market demand for stablecoins in the Solana ecosystem, helping to enhance liquidity and trading activity on the Solana network. As one of the mainstream stablecoins, its expansion on Solana could attract more DeFi projects and users to participate in the Solana ecosystem.

3️⃣ Institutional investors continue to increase their holdings of SOL DeFi Development Corp (DDC) announced the purchase of 17,760 SOL at an average price of $153 per SOL, increasing its total holdings to 640,585 SOL. DDC also disclosed details of a $112.5 million private placement, part of which will be used to continue acquiring SOL. The ongoing accumulation by institutional investors reflects confidence in the long-term development of Solana and may provide support for the SOL price.

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 rise further to $168 or even $185. However, if it cannot hold the support level of $140, it may face further correction risks.

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