Solana price may be on the brink of a parabolic rally, fueled by a surge in staking activities among institutional investors. Recently, Galaxy Digital staked a substantial $40 million in $SOL tokens, which could significantly alleviate the selling pressure currently weighing on Solana's market performance. As staking incentives grow, investors are increasingly optimistic about a potential turnaround. This raises the question: can Solana's price recover from its recent bearish trends and embark on a notable rally?


As of now, #Solana is trading at $136, reflecting a 4.4% decline over the past 24 hours. Market sentiment appears mixed, but the growing interest in staking may serve as a catalyst for a price rebound, encouraging more investors to participate in the ecosystem.

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March 08, 2025 at 1:34 PM
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