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Crypto

Solana Token Surges Above $120 Amid Record Stablecoin Adoption

Guavy AI Editorial Team
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Solana's SOL token has broken above $120 for the first time in nearly eight months, reaching an intraday high of $122.33 and trading around $119.32 after a pullback.

This move is underpinned by on-chain growth, with Solana stablecoins hitting a record market cap of $17.39 billion and real-world assets on the network exceeding $4.5 billion.

The token's price increase of 2.8% over 24 hours suggests growing adoption in DeFi, tokenized assets, and payments.

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