#solana Solana (SOL) is currently trading at around $187.07, with a 2.99% increase in the last 24 hours. Despite this recent uptick, SOL has fallen 1.4% over the past week. The cryptocurrency's market capitalization stands at approximately $102.97 billion, with a circulating supply of 549.82 million SOL.

Some notable developments include ¹ ² ³:

- *Recent Price Trends:*

- SOL's price edged 0.7% higher on Friday, trading at around $187.

- The token dropped 15% from its early October highs of around $220.

- *Institutional Developments:*

- Two Solana-based ETFs launched on NYSE Arca, drawing strong inflows.

- Western Union selected Solana to host its USD Payment Token stablecoin, set to launch in 2026.

- *Market Sentiment:*

- Retail sentiment on Stocktwits has shifted to 'extremely bullish' from 'bearish' a week ago.

- However, institutional conviction may be thinning, as seen in Jump Crypto's decision to rotate $205 million in SOL into Bitcoin.

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