From Yahoo Finance: 2025-04-21 11:22:00

Solana (SOL) is trading at $138.21, up 0.84% on Monday, with a 3.55% increase over the past week and a 6.77% gain over the past month. A recent $100 million investment from GSR into UPXI has sparked momentum, leading to a 500% surge in Upexi shares as they pivot to a Solana-based treasury strategy.

Solana’s staking market capitalization briefly surpassed Ethereum’s, reaching $53.15 billion. The shift is fueled by Solana’s higher staking yield of 8.31% compared to Ethereum’s 2.98%, with 65% of its circulating supply currently staked. Despite some concerns about staking security, institutional interest in Solana is increasing, with high-volume whale activity and firms like Janover increasing Solana holdings to over $21 million.

Technical analysis shows SOL facing resistance near $144, with potential for a retest of its March highs. Support is seen near $129, a crucial level amid volatility. Solana benefits from network upgrades and growing institutional adoption, but questions linger about its high staking ratio affecting DeFi liquidity compared to Ethereum.

The rise of Solana is driven by strong technicals, expanding institutional adoption, and an active developer base. Despite concerns about staking ratios, the momentum remains with Solana as it continues to push higher, supported by network upgrades and growing institutional bets.



Read more at Yahoo Finance: Solana Pushes Higher As Staking Milestone And Institutional Bets Fuel Rally