Solana Sees Record Activity Amid Governance Push as SOL Tests Support

Solana (SOL) hovered just above the low-$70s on Thursday, as traders weighed a fragile technical setup against a burst of on-chain activity and a renewed push for ‘governance reform’ and network speed improvements.

As of Thursday 1:00 a.m. ET, SOL traded at $73.09, down 0.8% over the past 24 hours. Spot trading volume was about $1.5 billion, while Solana’s market capitalization stood near $42.2 billion, keeping it in seventh place among major cryptocurrencies.

From a technical perspective, near-term sentiment remains cautious. FXStreet said SOL continues to show a bearish bias while trading…  Read more

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