Solana Price Rises Toward $300 as Institutional Demand Fuels Uptrend

Solana’s price surged by 3.57% to reach $236.46, maintaining its position above the ascending support line that has been in place since mid-year. This upward movement reflects growing investor confidence and market strength. Institutional demand has played a significant role, with Solana Company investing $530 million in SOL into its treasury, which has further tightened supply and provided a foundation for long-term valuation.