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Solana (SOL) Eyes $165 Target As Wallets Surge Past 11.44 Million

  • Solana wallet addresses with over 0.1 SOL surpassed 11.44 million, setting a new record.
  • REX's launch of a Solana Staking ETF on July 2 resulted in a 6% price increase and renewed interest in staking-based products.
  • Despite recent gains, Solana's decentralized exchange (DEX) activity remains 91% lower than its peak in January.
  • Solana's price is currently at $147.51 with a 24-hour volume surge to $5.38 billion; optimism is fueled by the launch of the Solana Staking ETF and potential resistance levels at $160-$165.

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