Solana (SOL) Soars 9% as Crypto Sentiment Improves

Solana’s price has experienced a notable surge, rising nearly 9% in the past 24 hours, reflecting positive sentiment within the cryptocurrency market. This increase is attributed to favorable developments, including the potential approval of a Solana ETF in the United States and the recent appointment of Paul Atkins as SEC chair. 76% of traders believe that a SOL ETF will be approved in 2025 on Polymarket, showcasing a notable shift in bullish sentiment from 65% just three months ago. SOL has been steadily rebounding since April 7th when it found support at $95.16, with the current price at $125, outperforming most other cryptocurrencies.