The Solana price has surged by 3.38% in the past 24 hours, reaching $67.73 according to CoinMarketCap data.
This upward movement comes as the SpaceX IPO token, SPCX, has been listed on-chain on Solana, a move that has sparked interest in the cryptocurrency's price trend.
The SPCX token allows eligible users to convert tokenized holdings into actual shares through regulated brokerage partners and transfer them across supported Solana platforms like other digital assets.
Bulls have been challenging bears after months of pressure, with bullish signals appearing more frequently near the lower boundary of a regression channel.