Solana Gains 16% Weekly Despite FTX Redemption

Despite the redemption of $45 million in Solana (SOL) by FTX and Alameda Research, the cryptocurrency experienced a notable surge. As per Crypto-News-Flash.com’s latest report, SOL has climbed to an impressive $237, breaking past a crucial resistance level of $230. This rally represents a 16% weekly gain, bolstering monthly gains to 21%, 90-day growth to 63%, and year-to-date gains to 22%. Additionally, trading volume for SOL has surged by 41% on the daily chart, further signifying increased trader interest.