Solana (CRYPTO: SOL) defied the standstill in other large-cap cryptocurrencies on Wednesday following the impressive launch of its exchange-traded fund in Canada.
What happened: The sixth-largest digital asset by market capitalization spiked nearly 3% in the last 24 hours, outgaining higher-valued coins such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP).
Solana’s trading volume soared 32.76% to $4.37 billion, making it the fifth-most transacted cryptocurrency in the last 24 hours.
Speculative interest in the coin has also increased, with more than half of Binance traders with an open contract betting on SOL’s price increase, …Full story available on Benzinga.com
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