SOL (Solana) rose 0.53% in the last 24 hours.

Gate News Bot report, July 14, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at $162.09, with a rise of 0.53% in the past 24 hours, reaching a high of $167.92 and a low of $147.79. The 24-hour volume is $3.87 billion. The current market capitalization is approximately $86.908 billion, with an increase of $455 million compared to yesterday.

Solana is a high-performance blockchain platform designed for large-scale applications. It supports the rapid, secure, and decentralized development of applications, providing robust infrastructure for developers, enterprises, and users. Features of Solana include high throughput, low transaction fees, and eco-friendliness, dedicated to providing scalable blockchain solutions for various application scenarios.

Important news about SOL recently:

1️⃣ Institutional investment enthusiasm continues to rise Multiple listed companies are actively laying out the Solana ecosystem. Nasdaq-listed company Upexi has completed a $200 million private placement, of which $150 million will be used to increase its holdings in SOL. DeFi Development Corp has again purchased 153,225 SOL, bringing its total holdings to 846,630 SOL, valued at approximately $133.1 million. This indicates that institutions are optimistic about the long-term development prospects of Solana.

2️⃣ ETF expectations drive price rise The prediction market Polymarket shows that the likelihood of the Solana ETF being approved before the end of 2025 has exceeded 99%. This expectation has significantly boosted market sentiment, pushing the SOL price to break through important resistance levels. Technical analysts predict that if the ETF is approved, the SOL price is expected to hit the range of 280-300 dollars.

3️⃣ Ecosystem Continues to Expand The application scenarios of the Solana network are continuously expanding. Zeus Network has launched the first Bitcoin airdrop event on Solana, and Bullish has collaborated with the Solana Foundation to promote on-chain stablecoin applications. These initiatives help attract more developers and users into the Solana ecosystem, laying the foundation for long-term rise.

From a technical perspective, SOL has broken through the key resistance level of $162. If it can hold this position, it is likely to further challenge the psychological levels of $186 and even $200. However, investors should also be wary of the short-term selling pressure that may arise from the recent unlocking of 189,800 SOL by FTX/Alameda.

This message is not an investment advice; investment should take market volatility risks into account.