Key facts: Institutional Investors Boost Solana; Price Stabilizes Above $130; User Loses $5,000
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- Institutional investors are buying Solana (SOL), with firms like Forward Industry holding nearly $1 billion in SOL, showing its rising role in institutional liquidity and infrastructure.1
- The price of Solana (SOLUSD) corrected from a high of $144 but remained stable above $130, outperforming both Bitcoin and Ethereum, and formed a low near $132 before initiating a new upward trend.2
- A crypto user lost around $5,000 from a Phantom wallet on Solana after connecting to hotel WiFi and approving a malicious transaction, highlighting risks of public networks.3