SOL (Solana) rose 5.80% in 24 hours

Gate News Bot message, on October 14th, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at $209.83, having risen 5.80% in the last 24 hours, reaching a high of $235.09 and a low of $173.52, with a 24-hour volume of $11.461 billion. The current market capitalization is approximately $114.689 billion, an increase of $6.292 billion compared to yesterday. SOL currently ranks 6th in the crypto assets market capitalization leaderboard.

Important news about SOL recently:

1️⃣ CME launches SOL options trading The Chicago Mercantile Exchange ( CME ) has officially launched Solana (SOL) options trading. This move will provide institutional investors with more channels to participate in the SOL market, potentially bringing more liquidity and price discovery.

2️⃣ The Solana ecosystem continues to expand The total locked value of the Solana synthetic stablecoin protocol Solstice has surpassed $200 million, reaching ( TVL ). The protocol has launched the yield-bearing synthetic stablecoin USX and a native staking protocol, achieving delta-neutral returns through arbitrage and staking strategies. This reflects the continuous development of the Solana DeFi ecosystem.

3️⃣ Institutional investors actively position in SOL Multiple institutional investors are actively positioning themselves in SOL. The U.S. stock-listed company DeFi Development plans to raise $73.5 million through warrants to acquire SOL. Another Solana treasury company, Helius, stated that its goal is to purchase at least 5% of the total supply of SOL. These actions demonstrate institutional optimism towards the long-term prospects of SOL.

From a technical perspective, SOL has recently shown a strong rise momentum, but it also faces certain pullback pressure. Investors need to closely monitor market trends and potential risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.