Solana Soars 16% in a Week as Institutional Investments Eye $1 Billion Acquisition

The Solana cryptocurrency has experienced a significant price surge, rising an impressive 16% this week to reach $214. This strong performance puts it ahead of other major cryptocurrencies and is fueled by notable institutional interest in the asset. Reports indicate that Galaxy Digital, Multicoin Capital, and Jump Crypto are aiming to secure a $1 billion investment in Solana, further bolstering its market standing.