Daily Cryptocurrency Analysis: Solana (SOL)

Market Performance and Analysis:

According to the latest data as of June 24, 2026, Solana (SOL) experienced a strong deleveraging storm in early June, breaking through the $60 bottom, and has recently seen a significant volatile rebound. However, as short-term positive news is released, the market faces profit-taking pressure again at higher levels.

Price Dynamics: Currently trading in the $71.00–$72.50 range (approximately 2,210 TWD). SOL recently rebounded strongly from lows by 23% and attempted to break above key resistance, but buying momentum has shown signs of exhaustion, with the coin price recording small corrections for several days.

Technical Outlook: On the 4-hour and daily charts, SOL is currently under full resistance from the 200-period moving average (EMA) around $74.65–$75.00. Derivatives market data (CoinGlass) shows that although open interest (OI) has slightly increased to $5.34 billion, funding rates have turned negative again, indicating short-term retail and bearish speculative funds are positioning for downside at this resistance level. The primary structural support below is raised to $70.00–$73.00; if volume increases and breaks down, it could retest the $60.00 strong support level.

Fundamental Developments and Major Institutional Bullishness:

Despite the macro environment with high US bond yields causing volatility, Solana in June 2026 achieved a historic milestone in "Traditional Finance (TradFi) tokenization," solidifying its position as the leading blockchain for RWA (Real-World Asset) tokenization:

The First in the US! Major UK and US Financial Giants Launch Native Tokenization Funds:

Baillie Gifford (London): On June 21, the UK asset management giant Baillie Gifford, managing hundreds of billions of assets, announced that its "Enhanced Yield Fund" (ticker: $BAGEY), supported by BNY Mellon’s technology infrastructure, has officially launched on the Solana mainnet as the first publicly available, fully native, UK-compliant tokenized fund. The fund settles directly in USDC, with the blockchain serving as the "core registry," rather than traditional external wrapping structures.

Allfunds (Europe): On June 22, Europe’s largest fund distribution platform Allfunds, connecting over 3,300 asset management firms managing up to €1.8 trillion, announced the expansion of its fund tokenization business onto Solana. Major traditional financial institutions are increasingly adopting Solana as the Register of Record, creating substantial and long-term compliant fee deflation demand for SOL’s blockchain space.

MoneyGram Officially Joins as a Solana Validator Node: On June 22, global cross-border payments giant MoneyGram announced the launch of its native validator node and participation in Solana’s consensus. This means MoneyGram is now directly staking SOL, processing transaction blocks, and contributing to network security, integrating its five-year global crypto inventory and settlement infrastructure into the Solana network.

Disclaimer: For reference only, not investment advice.

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