Is Solana About to Become the Belle of the Ball? 💃💰

Ah, Solana! The darling of the crypto world, prancing about with a delightful SOL price of $164.9. How charming! 🌟

In the last 24 hours, our dear friend has experienced a rather sprightly uptick of 4.77%, all thanks to the delightful whispers of a Solana ETF approval. According to the latest gossip from Bloomberg, it seems the market is positively buzzing! 🐝

And let’s not forget the daily trading volume, which has surged by a staggering 40% to a jaw-dropping $6.28 billion. Clearly, the bulls are out in full force, and they’re wearing their finest attire! 🐂💼

As we speak, SOL is frolicking at $165, where it has been enjoying a lovely little consolidation for the past month. How quaint! 🏰

But wait, there’s more! Analysts are suggesting that if Solana can leap over the $200 hurdle, we might just witness a bull run that could make even the most seasoned investors swoon—think 5x to 10x gains! Oh, the drama! 🎭

#Solana $SOL breaking above $200 could catalyze a major 5X to 10X bull run!

— Ali (@ali_charts) June 10, 2025

According to the ever-reliable CoinGlass data, Solana futures open interest has surged by a delightful 11% in the last 24 hours, surpassing $7.5 billion. It seems the altcoin is quite the popular choice these days! 💃

Solana ETF Approval: The Cherry on Top of This Crypto Sundae! 🍒

Bloomberg’s ETF strategists, the ever-so-dapper James Seyffart and Eric Balchunas, have shared that an altcoin ETF summer is just around the corner, with Solana leading the charge. Seven issuers have already filed for spot Solana ETFs—how positively thrilling! 🎉

Moreover, the SEC might just be in a generous mood, expediting decisions on spot Solana and staking ETF filings. It seems Rex-Osprey is pulling all the right strings to make this happen! 🎶

Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs.

— Eric Balchunas (@EricBalchunas) June 10, 2025

And let’s not overlook the wise words of ETF Store President Nate Geraci, who suggests that the SEC is about to open the floodgates on crypto ETFs. The last step before all major brokerages offer direct spot crypto trading—how positively revolutionary! 🚀

Looks like SEC about to open floodgates on crypto ETFs…

Last step before all major brokerages offer direct spot crypto trading.

Then we head down path towards full securities tokenization.

ETFs = bridge b/w tradi & defi.

That bridge is nearly built.

Crypto going mainstream.

— Nate Geraci (@NateGeraci) June 11, 2025

Lastly, the Solana blockchain is becoming the preferred choice for institutions to launch their products. French financial giant Societe Generale-FORGE is planning to launch its USD-pegged stablecoin on the Solana blockchain. How très chic! 🇫🇷💵

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2025-06-11 14:32