Solana Soars with Grayscale ETF Filing and PayPal Boost

Solana’s price surged nearly 6% on Saturday, reaching near $120 as positive news surrounding the asset sparked investor confidence. Grayscale’s filing to convert its Solana Trust into a spot ETF contributed significantly to this rally. Additionally, PayPal’s recent moves have also bolstered bullish sentiment in the Solana ecosystem. Analysts note that the cryptocurrency is currently holding key support between $100 and $115, with potential for further price increases exceeding $186.