Solana Maintains Institutional Interest

🟪Despite Solana’s price dropping to $156.73 and declining 3% over the past 24 hours, the cryptocurrency remains among the leading assets in the DeFi market. Over the past week, SOL has lost 8%, driven by a broader Bitcoin pullback and a lack of new growth catalysts. The total value locked (TVL) in the ecosystem has also decreased by 5%, while trading volume on decentralized exchanges has fallen by more than 28%.

🟪Nevertheless, institutional players continue to show strong interest in the asset. Classover Holdings has announced plans to invest up to $400 million in SOL, signaling confidence in the network’s long-term potential. According to estimates by ChatGPT OpenAI, SOL’s price may fluctuate between $145 and $165 by the end of June. Analysts suggest that the short-term dip could lay the groundwork for a new upward trend.