
markets·33d ago
Solana reclaims $72 as tokenized stock trading lifts price, but momentum wanes
SOL rose to $72 amid activity in tokenized stocks, but falling TVL and DEX volumes suggest fading momentum.
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SOL rose to $72 amid activity in tokenized stocks, but falling TVL and DEX volumes suggest fading momentum.

SOL recovered to $66.56 after dipping to $64.56, while Bitcoin fell to $58,189 and Fed rate hike odds remained above 60%.
Backpack Securities’ SPCX and other SpaceX tokens drive volume on Solana following the rocket maker's Nasdaq listing.

SpaceX's $75B IPO reveals challenges with tokenized stocks as multiple versions trade across different platforms.

Wealth management clients can lend Bitcoin, Ethereum, or Solana to Galaxy Digital in exchange for spot crypto ETP shares.