Solana (SOL) price is showing significant momentum as the U.S. President Donald Trump’s crypto summit is just an hour away to get started.
The mention of SOL in Trump’s crypto reserve announcement – shared on last Sunday – has sparked renewed interest in Solana with investors and traders starting to accumulate the asset ahead of any major move.
At the time of writing, SOL price is trading at $147.92 with it currently witnessing remarkable volatility. It has surged nearly 9% from the daily low of $137.4 while it surged to as high as $149.4 earlier today.
Market data from Coinalyze shows that SOL open interest (OI) has surged 6.27% in the past 24 hours. As SOL price is also gaining in parallel, the increased OI suggests that more traders are speculating on higher SOL price and new money is entering the market.
Since its first mention in Trump’s TruthSocial post of strategic crypto reserve, SOL has entered the watchlist of thousands of investors. Now as Trump will officially be talking about Crypto reserve at the Crypto Summit, investors are expecting him to reveal more on all the assets, including Solana.
Meanwhile David Sacks, who is the crypto czar under Trump’s leadership, recently revealed that there was no such reason for the President to add SOL, XRP and ADA in crypto reserve but he mentioned just because they were in the top 5 cryptocurrency list.
Now the crypto community is awaiting for the final confirmation on the status of the official U.S. Strategic Crypto Reserve and whether it will actually include SOL, ADA, XRP or other crypto assets or there will be only ETH and SOL.
Also Read: President Trump White House Crypto Summit Live: Check Updates
