Solana (soil) Price reported a possible correction after being rejected above $ 160 earlier this week. Large capitalization Altcoin, which is strongly encouraged by the traditional adoption of same and tokenization of real assets (RWA), lost more than 5% in the last 24 hours to exchange around $ 146.55 on Tuesday, July 1, 2025, during the American negotiation session in the middle of the North.
Institutional demand came out hope for Solana
Solana’s demand increased exponentially during the last year powered by institutional investors. As Coinpedia notedThe dry approval of the United States of the first ETF Solana product, after the agency gave gray the green light to convert its large-scale digital fund (GDLC) into gray levels (GDLC) to a Spot ETF, reported an imminent approval of the rest of the ETF Sol Sol application.
Due to the growing organic demand from Solana, Defu Development Corp. (Nasdaq: DFDV) has announced its intention to double its soil acquisitions. Tuesday, Defu Development Corp. announced that he intended to raise $ 100 million with higher tickets convertible in 2030.
“The company intends to use part of the net product of the offer to buy the company’s ordinary shares, a nominal value of $ 0.00001 per share via the prepaid attacker described below. note.
What is the next step for Sol Price?
As with the rest of the Altcoins, the Soil price Finally reflected the action of BTC prices in the recent past. Within the daily time, Solana’s price was rejected from the simple mobile average (SMA), signaling that the bulls lost the initial recovery momentum.
However, growing soil demand by institutional investors, in the midst of the regulatory clarity of cryptography, suggests a potential optimistic recovery later this year.