Solana Price Holds Above $110 as Bulls Continue Domination

Solana Price Holds Above $110 as Bulls Continue Domination

At the time of writing, SOL is trading at $112.13, up 1.57% in the last 24 hours.
If the price manages to go above $117 level then it will likely test $138 support level.
Last week, digital asset investment products saw an influx of $103 million from institutional investors. While $7.9 million went into Ethereum, $6 million went into Solana. Bitcoin was yet again at the forefront with $87.6 million.
With a growth of over 50% from November, the Solana network now has over 15.6 million active addresses. The previous high was 15.2 million, set in January of this year, so this number is much more impressive.
At the same time, December saw a record-breaking 6.8 million unique addresses added to the Solana network. Also, the previous record was set in May 2023 with 6.6 million, so this number is far higher.
The transfer of a large quantity of SOL to the Binance exchange is a significant event that adds to the curiosity. According to Whale Alert, market watchers have taken notice of an anon

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