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Solana’s price rose by about 11% to reach $112, its highest level since January, while the Bitwise Solana Staking ETF posted gains of 12.04%, supported by strong trading volume. Derivatives data showed a bullish trend but relies heavily on leverage: the open interest in futures contracts was about $7 billion, and most liquidations were from short sell positions. This rise was supported by several catalysts, including the Harmony project, growth in existing real assets based on Solana, updates to MoneyGram Ramps, and network performance improvements

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