Institutional investors and tokenization developments, including DeFi Development Corp's significant SOL acquisition, drive Solana's 12% surge with technical indicators suggesting a near-term target around $250 amid potential ETF approvals.
Solana (SOL) surged 12% in the past 24 hours, briefly reaching $200 as institutional momentum increased. DeFi Development Corp now holds over 1.3 million SOL, earning $63,000 daily in staking rewards, while tokenization efforts and potential ETF approvals fuel bullish technical targets near $250.