Solana (SOL) has experienced a price surge, surpassing $80, driven by significant institutional investment in recently launched spot ETFs. Data from 13F filings reveals that 30 major institutions accumulated over $540 million worth of Solana ETFs in Q4 2024, with Electric Capital and Goldman Sachs leading the charge. Cumulative inflows into these ETFs have exceeded $950 million since their launch last October. This influx of capital signals growing confidence in Solana beyond retail traders, with investment advisors and hedge funds heavily involved. Despite a recent 10% correction after testing $90 resistance, strong buying pressure around $80 has defended a critical support zone, and technical indicators suggest strengthening upward momentum. Network transactions on Solana have also reached historic monthly peaks, surpassing levels seen during previous price highs. Broadridge's partnership with Crypto.com to integrate crypto trading into its NYFIX platform further indicates increasing mainstream adoption. While address poisoning scams remain a threat, Trust Wallet has implemented new security measures to protect users.
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