Companies looking to invest in the cryptocurrency Solana may benefit from increased use of the coin in the financial industry, according to analysts at Cantor Fitzgerald.

Bonk (BONK): Often dubbed the Shiba Inu of Solana, Bonk has become a viral cultural anchor for the SOL ecosystem. Its recent surge reflects growing community engagement and meme-driven narratives.

Built on Solana, Bonk came out swinging with high volume and viral community support. Its dog-themed branding and fast transactions have drawn the attention of DeFi users and meme traders.

Why is Solana (SOL) price up today? Solana is up today as increasing optimism around ETF approval and high demand in the derivatives market paint a bullish outlook for SOL price.

Lawrence Bonk Contributing Reporter Lawrence is a contributing reporter at Engadget, specializing in our AI overlords, musical doodads and, of course, garden variety gaming and tech.

Download Solana EUR stock data: historical SOLEUR stock prices from MarketWatch.

Solana (SOL token) loses upside momentum following this week’s steep rally.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.