Solana (SOL) has witnessed a remarkable spike in price, soaring by 17% within the span of just one week. Since the beginning of the year, this layer-one blockchain cryptocurrency has been performing exceptionally well. After finding support at the $150 level, SOL climbed past $170, settling at a higher level. Unfortunately, the latest price movement indicates a minor dip due to staking operations carried out by a prominent Binance wallet.
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Solana Price Climbs 17% Weekly as Binance Wallet Stakes Big
By
James Whitfield — Staff Reporter
About the author · Staff Reporter
James Whitfield
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.