Solana's price increased by 6% as investors consider the impact of potential trade tariffs imposed by Donald Trump.
The US President announced a new tariff imposing a 25% tax on imports from countries buying gas and oil from Venezuela, which could affect Solana's recovery rally.
In addition to Solana, Bitcoin also experienced a 4% rally in the past day, primarily driven by spot demand.
Bitcoin ETFs have seen renewed investor interest, with net inflows of $142 million in the past 24 hours.