Solana (SOL) Explodes 13% amid Massive Tokenization Push
The post Solana (SOL) Explodes 13% amid Massive Tokenization Push appeared on BitcoinEthereumNews.com.
Key Notes SOL gained 13% in 24 hours with $11.23B trading volume. CMB International tokenized mutual recognition fund on Solana. Technical breakout hints at $215 target in the near term. Solana SOL $196.3 24h volatility: 12.0% Market cap: $105.81 B Vol. 24h: $11.49 B has gained over 13% in the past day amid significant institutional adoption news. CMB International, one of Asia’s largest asset managers, has partnered with DigiFT and OnChain to tokenize its Hong Kong–Singapore Mutual Recognition Fund on the Solana blockchain. CMB International — one of Asia’s leading asset managers — have tokenized CMB’s HK–Singapore Mutual Recognition Fund on Solana as CMBMINT with DigiFT and OnChain 🇭🇰🇸🇬 几天前，在digift和OnChain的支持下，亚洲地区领先的资产管理公司 招银国际… pic.twitter.com/RB3xUgrA58 — Solana (@solana) August 13, 2025 The move marks rising confidence in Solana’s blockchain capabilities, which is already known for the success of its Solana meme coins. Uptick in Volume The token saw a sharp increase in its 24-hour trading volume, increasing by 80% to $11.23 billion. At the time of writing, SOL is trading around $196 with $105 billion market cap. Solana had previously reached an all-time high of $294 in January but experienced a turbulent first quarter. Its price gradually recovered, peaking at $205 on July 23 before consolidating. Meanwhile, on-chain data revealed that meme coin generator Pump.fun deposited 86,255 SOL (worth $16.22 million) into Kraken instead of executing a planned buyback of PUMP tokens. Pumpfun(@pumpdotfun) deposited another 86,254 $SOL($16.22M) into #Kraken 6 hours ago instead of buying back $PUMP. They have deposited a total of 3.93M $SOL($715.5M) to #Kraken at $182 and sold 264,373 $SOL for 41.64M $USDC at $158.https://t.co/2to6SezvXq pic.twitter.com/g3fb09a6Q0 — Lookonchain (@lookonchain) August 13, 2025 To date, Pump.fun has moved a total of 3.93 million SOL (worth $715.5 million) to Kraken, selling over 264,000 SOL for 41.64 million USDC at $158. SOL Price…
Filed under: News - @ August 13, 2025 7:29 am