📉 Solana (SOL)
Current Price: ~$67.84 (-2.64% in 24h)
Top News:
Solana is experiencing downward pressure during Thursday's session, sliding back toward the $67.80 zone. The move comes amid a sudden, aggressive market-wide liquidation wave triggered by Bitcoin plunging below its critical $60,000 support level. This systemic deleveraging has resulted in nearly $1 billion in total liquidations across the digital asset space, dragging major large-cap altcoins down in tandem as investors temporarily move into capital preservation mode.
Despite the macro-driven dip, Solana’s real-world asset (RWA) and institutional ecosystem are recording major structural milestones. Expanding its dominance in tokenized equities, the network officially welcomed the launch of the SanDisk (SNDK) tokenized stock via Sunrise. This integration allows global users to trade the storage chip manufacturer's equity 24/7 directly through Solana-native wallets, completely independent of traditional market hours.
On the global adoption front, Japan's leading regulated digital asset platform, bitFlyer, successfully opened spot SOL trading pairs yesterday, June 24. While local derivatives funding rates remain slightly cautious, institutional desks note that the expansion of Japanese spot liquidity channels—combined with Morgan Stanley's recent low-fee Spot SOL ETF filing updates—is steadily strengthening the long-term floor for the network's underlying asset.
Key Resistance: $72.50
Key Support: $64.00
Upcoming Catalyst: End-of-Month Options Expiry / Technical Progress on the Alpenglow Mainnet Transition
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