Solana Surges 4.74% to $166 Amid Declining Volumes and ETF Approval Optimism
Solana's price continued its upward momentum on Sunday, increasing by 4.74% to trade at $166.
This marks the sixth consecutive day of price gains for the world's sixth-largest cryptocurrency by market capitalization.
The decline in trading volumes across major exchanges may signal an accumulation phase among institutional and retail investors.
Bloomberg analyst Eric Balchunas forecasts a 90% probability of Solana ETF approval, which could attract substantial institutional investment flows into alternative cryptocurrencies beyond Bitcoin and Ethereum.