onchain data

Solana's ETF Launch Sparks Price Surge, But Onchain Data Raises Concerns

Solana's ETF Launch Sparks Price Surge, But Onchain Data Raises Concerns

On Monday, SOL, Solana’s native token, jumped 7%. This leap came on the heels of the thrilling news of the first Solana-based exchange-traded fund (ETF) – including staking functionality! That news drove speculation among traders that institutional demand would push SOL’s price above $200—a key level for traders. SOL first...