Solana (SOL) Surges 8% to Over $145, Up 146% in One Month
The post Solana (SOL) Surges 8% to Over $145, Up 146% in One Month appeared on BitcoinEthereumNews.com. Solana’s SOL token is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to CoinDesk Research’s technical analysis model. Per a post on X earlier today by crypto analytics firm Glassnode, CME futures volume for SOL hit an all-time high of 1.75 million contracts, reflecting an increase in institutional interest. This marked the highest volume level since the exchange introduced SOL futures in March, signaling aggressive positioning by sophisticated market participants as price approached the $145 zone. In a separate development with longer-term significance, Kazakhstan’s government issued a press release on May 30 announcing the creation of the Solana Economic Zone Kazakhstan (SEZ KZ), the first such initiative in Central Asia built on Solana’s blockchain. The launch event took place in Astana with support from the Solana Foundation and government agencies. According to the Ministry of Digital Development, Innovation and Aerospace Industry, the SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and foreign startup onboarding. The SEZ initiative includes three strategic pillars: Tokenized Capital Markets: A pilot program with AIX, Solana Foundation, Jupiter, and Intebix aims to introduce tokenized financial instruments into Kazakhstan’s infrastructure. Web3 Talent Development: A nationwide blockchain education initiative will be launched in partnership with universities and Astana Hub. Startup Onboarding: With support from Forma, the country plans to attract international Web3 firms through infrastructure access, regulatory clarity, and business incentives. Technical Analysis Highlights SOL gained 7.63%, climbing from $133.55 to $145.47 within a $15.94 range. The sharpest rally occurred at 22:00, when price spiked to $146.90 on 3.92M volume. A high-volume support level was established…
The post Solana (SOL) Surges 8% to Over $145, Up 146% in One Month appeared on BitcoinEthereumNews.com.
Solana’s SOL token is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to CoinDesk Research’s technical analysis model. Per a post on X earlier today by crypto analytics firm Glassnode, CME futures volume for SOL hit an all-time high of 1.75 million contracts, reflecting an increase in institutional interest. This marked the highest volume level since the exchange introduced SOL futures in March, signaling aggressive positioning by sophisticated market participants as price approached the $145 zone. In a separate development with longer-term significance, Kazakhstan’s government issued a press release on May 30 announcing the creation of the Solana Economic Zone Kazakhstan (SEZ KZ), the first such initiative in Central Asia built on Solana’s blockchain. The launch event took place in Astana with support from the Solana Foundation and government agencies. According to the Ministry of Digital Development, Innovation and Aerospace Industry, the SEZ will serve as a testbed for asset tokenization, blockchain engineering education, and foreign startup onboarding. The SEZ initiative includes three strategic pillars: Tokenized Capital Markets: A pilot program with AIX, Solana Foundation, Jupiter, and Intebix aims to introduce tokenized financial instruments into Kazakhstan’s infrastructure. Web3 Talent Development: A nationwide blockchain education initiative will be launched in partnership with universities and Astana Hub. Startup Onboarding: With support from Forma, the country plans to attract international Web3 firms through infrastructure access, regulatory clarity, and business incentives. Technical Analysis Highlights SOL gained 7.63%, climbing from $133.55 to $145.47 within a $15.94 range. The sharpest rally occurred at 22:00, when price spiked to $146.90 on 3.92M volume. A high-volume support level was established…
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