Solana’s Double Surge: Wall Street & Meme Coins Push SOL to New Highs

by Ouess

Solana is having a moment. The cryptocurrency just broke past $185 – its highest level since May – thanks to a powerful combo of institutional ETF inflows and a meme coin frenzy.

The Wall Street Effect

https://twitter.com/REXShares/status/1940389401516757097

  • REX-Osprey SOL Staking ETF (SSK) nearing $100M in assets
  • Offers 7.5% staking rewards (rare for US crypto ETFs)
  • 58% direct SOL exposure + 41% European ETP
  • Could become the go-to Solana ETF if SEC blocks competitors

Staking Rewards

Meme Coin Mania Boosts SOL

  • Solana-based meme coins now $15B market cap
  • Trading activity fuels network fees and visibility
  • Retail traders piling into SOL as the “meme chain”

Technical Breakout in Play

SOL Price Source : TradingView

SOL’s charts scream bullish:
📈 Broke symmetrical triangle resistance
📈 Golden cross forming (50-day > 200-day MA)
📈 RSI & MACD trending upward
🎯 Next target: $200 psychological resistance

You may also like

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content