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Crypto

Solana Price Nears $83 Boosted by ARK Invest's Increased Holdings

Guavy AI Editorial Team
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SOL
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Solana's price is nearing $83 as Cathie Wood's ARK Invest increases its holdings in the 3iQ Solana Staking ETF.

This move has boosted Solana's price by nearly 1% to around $76, despite a slowdown in overall crypto ETF inflows. In fact, Solana ETFs have still attracted over $10 million in weekly investments recently.

According to technical analysis, a potential bullish breakout above $76 could push Solana's price to $83. However, this is tempered by the decline in network activity and total value locked in Solana's DeFi ecosystem, reflecting broader trends in the crypto market.

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