Solana Soars 6% as SOL ETF Paves the Way for Future Growth
In the volatile world of cryptocurrencies, Solana has emerged as a standout performer, ending the week with a notable 6% increase. The approval of the SOL ETF and other recent developments have positioned Solana as a prime investment option in the digital asset space.
Solana Ends Week Up 6% as SOL ETF Takes Major Step Forward
Despite geopolitical concerns and economic frailty, the cryptocurrency market has stabilized this week. Solana has performed well in April, ending the week with a 6% increase following a significant step forward for its SOL ETF. Since the approval of Bitcoin and Ethereum ETFs in 2024, Solana has emerged as a favorite for the impending investment vehicle.
Dormant Whale Unstakes 63,081.6 SOL Tokens, Raises Concerns
A dormant whale has unstaked 63,081.6 SOL tokens worth $7.49 million and deposited them into Kraken, making a return of $6.2 million. This action has raised concerns over Solana’s price momentum. The whale’s trading activity highlights the profitability of crypto staking, which is becoming increasingly popular for generating passive income. Staking platforms typically have a lock-in period for earning rewards.
Solana Futures Trades See Bullish Sentiment
Solana ($SOL) is witnessing a significant bullish sentiment in futures trades. As per the latest market data and crypto analyst Ali, a staggering 71.4% of the $SOL futures traders are reportedly opening long positions on the prominent crypto exchange Binance. This highlights the growing optimism in the Solana market.
Solana Reverses 22% Drop: Why SOL Can Still Hit $150 This Year
The Solana SOL cryptocurrency is reversing a 22% drop seen in the past month as the first SOL ETFs inch closer to SEC approval. This could set SOL on a surging path similar to Bitcoin and Ethereum after their ETF launches. Despite the volatile cryptocurrency market in 2025, experts remain hopeful for SOL with a potential near 100% upside towards $200. On Friday, four major accounts released SOL tokens worth over $200 million into the market, marking the largest single-day unlock of staked SOL until 2028.
