
The Grayscale Solana Trust would allow high-net-worth and institutional investors to gain indirect exposures to the yearlong bullish SOL market.
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SOL price reached another record high on Nov. 7, bringing its YTD gains up by roughly 17,500%.
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Solana price rallied to a new record high while SOL entered the top-five cryptocurrencies by market cap for the first time.
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SOL price continues to climb with Solana’s TVL also hitting a new high of nearly $14 billion.
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SOL has been forming a Bull Pennant following its 14,200% year-to-date price rally.
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Meanwhile, the SOL’s latest downside move forms a classic bullish continuation structure, with a profit target above $250.
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The jump in UNI/USD rates has quickly met with sellers at local top levels.
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The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion.
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The latest bout of buying has pushed SOL/USD’s quarter-to-date gains up by more than 450%.
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The SOL price rally also appeared in the wake of “Ignition,” a global hackathon to build new platforms on the Solana blockchain.
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