Why Is Solana Rising Overnight On Thursday?
Posted On April 18, 2025
Solana (CRYPTO: SOL) sustained its upward momentum Thursday overnight, as cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) scaled up its infrastructure to support faster, smoother SOL transactions.
What happened: SOL rose over 3% over the previous day, becoming the most successful among the top 10 cryptocurrencies by market capitalization. The rally came despite a 20% drop in trading volumes in the last 24 hours.
The sixth-largest cryptocurrency hit an intraday high of $135.91, its highest in nearly three weeks. Its weekly gains widened to 18.13%, outpacing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
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