Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, SOL (Solana) is currently priced at 154.21 USD, down 0.25% in the last 24 hours, with a high of 171.61 USD and a low of 150.44 USD. The 24-hour volume has reached 6.172 billion USD. The current market capitalization is approximately 85.417 billion USD, a decrease of about 212 million USD from yesterday. SOL is currently ranked 6th in the global Crypto Assets market capitalization.
Important news about SOL recently:
1️⃣ Institutional investors remain optimistic
In the first week of the listing of the US SOL spot ETF, it recorded a net inflow of $199 million, with Bitwise's BSOL net inflow at $197 million. Grayscale announced a fee discount policy for its Solana Trust ETF (GSOL), temporarily waiving management fees and reducing staking-related costs. These measures reflect institutional investors' ongoing optimism towards SOL, providing support for its price.
2️⃣ Ecosystem Continues to Expand
The number of active users on the Pacifica perpetual contract trading platform on the Solana chain has exceeded 30,000, with a trading volume of $1.05 billion and an open interest of approximately $45.92 million. The current TVL is about $38.98 million, and the supply of points has reached 123 million coins. This indicates that the Solana ecosystem is rapidly developing and attracting a large number of users to participate.
3️⃣ Institutional holdings performance diverges
The Canadian listed company DevvStream disclosed that its SOL holding reached approximately 12,185 coins and has been staked. Meanwhile, Forward Industries holds about 6.82 million SOL, currently facing an unrealized loss of approximately 24.13%. This differentiation reflects the varying investment strategies and entry timing of different institutions, and also highlights the opportunities and challenges brought about by the price fluctuations of SOL.
From a technical perspective, the SOL price has slightly fallen by 0.25% in the last 24 hours, indicating short-term adjustment pressure. However, considering the continuous capital absorption of institutional investment products and the rapid development of the ecosystem, SOL still maintains strong market attention. Investors need to closely monitor price trends and volume changes in the coming days to assess potential risks.
This message is not intended as investment advice, and investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bloomberg Analyst: About half of Solana ETF inflows come from institutional buyers with assets under management exceeding $100 million
Bloomberg analyst Eric Balchunas pointed out that since the launch of the spot ETF in July, SOL has fallen 57%, but the ETF still attracted $1.5 billion in capital inflows with very few redemptions. About 50% of the funds come from institutional investors who file 13F reports, indicating an optimistic outlook for the future.
GateNews49m ago
WAR (WAR) increased by 61.98% in the last 24 hours
Gate News Bot Message, March 6th, according to CoinMarketCap data, as of press time, WAR (WAR) is currently trading at $0.04, up 61.98% in the past 24 hours, with a high of $0.05 and a low of $0.01. The 24-hour trading volume reached $21.6 million. The current market capitalization is approximately $37.6 million, an increase of $1.44 million from yesterday.
WAR is a community-driven cryptocurrency project dedicated to building an active trading and community engagement platform within the Solana ecosystem.
## Important recent news about WAR:
1️⃣ **Prediction Market Popularity and Trading Activity Increase**
Geopolitical events have become significant focal points in prediction markets, attracting substantial funds and participant engagement in related trading sectors. This market activity
GateNews1h ago
Solana's Largest DEX Aggregator » Jupiter Launches On-Chain Visa Card: Zero Fees for USDC Top-Ups, Aiming to Transform into a Decentralized New Bank
Solana Ecosystem Protocol Jupiter Launches Virtual Visa Card Jupiter Card, Allowing Users to Top Up with USDC Fee-Free and Exchange 1:1 USD. The card can be used at Visa-accepting merchants worldwide and offers two card level options. Jupiter has partnered with Noah with the goal of transforming into a decentralized new bank, providing more financial services and attracting a large user base. Its success remains to be seen before market validation.
動區BlockTempo1h ago
Western Union Partners with Crossmint to Bring USDPT to Solana
The article discusses Western Union's collaboration with Crossmint to introduce USDPT on the Solana blockchain, highlighting developments in cryptocurrency and payment innovations.
CryptoBreaking2h ago
Data: 27,800 SOL transferred to FalconX, worth approximately $2.47 million
ChainCatcher reports that, according to Arkham data, at 04:00, 27,800 SOL (worth approximately $2.47 million) was transferred from an anonymous address (starting with 2vKDyT...) to FalconX.
GateNews7h ago
