{"id":34366,"date":"2025-01-02T19:00:50","date_gmt":"2025-01-02T16:00:50","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34366"},"modified":"2025-01-02T16:22:24","modified_gmt":"2025-01-02T13:22:24","slug":"solana-sol-price-on-the-rise-why-is-sol-rising","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-sol-price-on-the-rise-why-is-sol-rising\/","title":{"rendered":"Solana (SOL) Price on the Rise: Why is SOL Rising?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/coinengineer.net\/blog\/?s=sol\">Solana (SOL)<\/a><\/strong> price surged more than 10% after a $55 million transfer from Pump.fun&#8217;s trading account to the Kraken exchange. The prospect of ETF approval could push the SOL price even higher in the future.<\/p>\n<p>Solana (SOL) mobility in the cryptocurrency market! On 1 January, a large fund transfer created a significant jump in Solana&#8217;s price. The memecoin platform called Pump.fun transferred a total of $ 55 million SOL from the trading account to the Kraken exchange. This development caused the Solana price to recover within an hour, gaining more than 10%.Giant Transfer and Price Increase from Pump.fun<\/p>\n<p>The Pump.fun platform made two separate transfers on 1 January. First, SOL, worth $ 22.8 million, was sent to the Kraken exchange at 13:37. The second transfer was worth $ 32.7 million and was completed at 14:45. These large-scale transactions pushed Solana&#8217;s price up, allowing the price to recover quickly by 15:00.<\/p>\n<h3>Solana&#8217;s 2025 Target: $400!<\/h3>\n<p>The race for an ETF approval among investment firms is accelerating. Giants such as VanEck, Grayscale, 21Shares, Bitwise and Canary Capital have completed their Solana ETF applications. In particular, the deadline for Grayscale&#8217;s Solana ETF application was set for 23 January. For other applications, a preliminary decision is expected on 25 January.<\/p>\n<p>While the price of Solana returned to the level of $ 230 on 11 December, the long-term target of $ 750 announced by Bitwise attracts attention. Brazil&#8217;s approval of the first Solana ETF on 7 August paved the way for similar steps globally.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) price surged more than 10% after a $55 million transfer from Pump.fun&#8217;s trading account to the Kraken exchange. The prospect of ETF approval could push the SOL price even higher in the future. Solana (SOL) mobility in the cryptocurrency market! On 1 January, a large fund transfer created a significant jump in Solana&#8217;s<\/p>\n","protected":false},"author":6,"featured_media":34367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1527,319],"class_list":["post-34366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-sol","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana (SOL) Price on the Rise: Why is SOL Rising? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-sol-price-on-the-rise-why-is-sol-rising\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) Price on the Rise: Why is SOL Rising? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Solana (SOL) price surged more than 10% after a $55 million transfer from Pump.fun&#8217;s trading account to the Kraken exchange. The prospect of ETF approval could push the SOL price even higher in the future. Solana (SOL) mobility in the cryptocurrency market! 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