SOL Rises to $72 on Tokenized Stock Trading Surge, But Rally Faces Headwinds
By
@cointelegraph
3d ago· 3 min readenNews
Summary
Solana's native token SOL rebounded to $72 after hitting $64 lows, driven by optimism around tokenized stock trading on the Solana network, which saw over $113 million in 24-hour trading volume. However, concerns about thin liquidity in automated market-making pools and increasing competition in decentralized application networks suggest the rally may be short-lived.
Source
bskySOL Rises to $72 on Tokenized Stock Trading Surge, But Rally Faces Headwindscointelegraph.comKey quotes
· 3 pulledSolana native token SOL jumped to $72 on Friday, distancing itself from the $64 lows the prior day.
Tokenized stocks on Solana traded over $113 million in 24 hours, according to Jupiter Aggregator data.
However, the relatively thin liquidity in the automated market-making pools raised concerns.
SOL rebounded amid airdrop hopes and a surge in tokenized stock trading, but onchain data suggest the rally may fade fast.
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ignasdefi.com·10d ago
ANSEM $181.40K - The Black Bull / SOL on Solana / PumpSwap - DEX Screener
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