Solana News: Price Surge Ahead of Futures ETF Launch Amid High Approval Odds

Solana Price Surges Ahead of Futures ETF Launch

Solana price rose 12% on Wednesday, crossing the $135 mark for the first time in ten days. Traders positioned for the launch of Solana Futures ETFs by Volatility Shares, set to begin trading on Thursday. SOL open interest rose 39% in 24 hours, hitting $8.3 billion. Derivatives trading signals suggest further price rallies could be on the horizon, with SEC approval odds for the ETF at 88%.

Solana CEO Regrets Controversial Advertisement

Solana’s co-founder and CEO Anatoly Yakovenko has expressed regret over the recent “America is Back—Time to Accelerate” advertisement that garnered intense criticism from the community. He admitted that the ad was “mean” and “bad” and targeted marginalized groups, stating, “The ad was bad, and it’s still gnawing at my soul. I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginalized group.”

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Solana Price Gains Alongside Increase in Volume

Solana (SOL) price climbs and trades at $134.13, up 6.11% in the last 24 hours. The daily trade volume increased by 69.34%, indicating strong interest from a large number of investors anticipating a gain in the token in the short term. SOL gained 7.91% in the last 7 days, with a total market capitalization of $68,425,675,150. In the last 24 hours, Four, Uniswap, and Sonic emerged as top gainers, while EOS, TRON, and Polkadot (DOT) are the top losers.