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Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF

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Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF - CoinGape

Quick Summary:

Solana surged 7% on Thursday, outperforming major tokens as Canada debuts the world’s first Solana spot ETF on the Toronto Stock Exchange.

This increased staking deposits effectively removed a significant amount of supply from circulation, which supports the upward price pressure during periods of high market demand.

Staking deposits on the Solana network surged by 2 million SOL—approximately $270 million—between April 13 and April 17, according to data from StakingRewards.

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Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF - CoinGape (Picture 1)Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF - CoinGape (Picture 2)Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF - CoinGape (Picture 3)Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF - CoinGape (Picture 4)

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 21:37:41 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27968933

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 6 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF" has 555 words across 39 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF" was covered 1 weeks ago by CoinGape, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 6 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://warm.beamstart.com/news/solana-price-predicted-to-hit-17449260498214

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