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On Wednesday, June 10, stablecoin issuer Circle minted USDC worth $250 million on the Solana (SOL) blockchain. The injection of fresh liquidity added fuel to market participants’ confidence about the Solana ETF’s impact on the token’s price.
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Solana (SOL) is aiming to join the league of assets set to receive their own spot Exchange Traded Fund (ETF).
This could be a turning point for the altcoin, which has been struggling to note recovery in the last few weeks.
Solana’s (SOL) price has good things ahead of it since the altcoin has been performing well for the past two weeks.
The investors are also betting on a price rise, which is evident in the funding rate, as they aim beyond $150.