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Showing posts with the label regulatory scrutiny

AI predicts Solana price for June 30, 2025

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As of June 4, Solana (SOL) is trading at around $156.73, down 1.65% in the past 24 hours. In the past week, however, the token fell by 9% as renewed regulatory scrutiny took a toll on investor sentiment. Solana 24-hour performance. Source: Finbold Indeed, the drop might come as a result of all the uncertainty surrounding the potential Solana-based staking exchange-traded funds (ETFs).  Moreover, Solana’s total value locked (TVL) in decentralized finance (DeFi) fell 5% this week, although the network still managed to maintain its position as the second-largest DeFi ecosystem across the same time frame. The activity on Solana’s decentralized exchange (DEX) also slowed down, with the weekly volume being down 28.2%, as per DefiLlama. However, it appears that institutional demand for Solana remains strong. Classover Holdings (NASDAQ: KIDZ), for example, announced plans to raise $500 million, 80% of which would be used to acquire SOL as part of its corporate trea...