The cryptocurrency market witnessed an exciting day today, as most tokens, including the SOL token, attempted recovery. According to the market stats, the Solana price surged 4% today. Investors are closely monitoring this digital asset and the rest of the altcoins as Bitcoin struggles. But why did the price jump suddenly? Let’s discuss.
Why Solana Price Surged 4% Today?
At press time, Solana price was $179.70, after a 4% surge in the last 24 hours. After a major crash to $161.54, a three-month low, investors have been awaiting this surge. Interestingly, this happened as investor sentiments settled on the LIBRA meme coin scam.
Moreover, this is part of the global market recovery, where the price of Bitcoin surged to $97.8k, the price of BNB surged to $667.10, and more. The 10% surge in SOL token’s trading volume indicates that institutional interest is also increasing.
More importantly, recent on-chain data reveals a surge in whale transactions. One Solana whale withdrew 174,76
We współpracy z: https://coingape.com/trending/solana-price-today-why-is-sol-token-up-4/
