SOL Hits $114 on Short Squeeze and SEC Tokenized-Stock Exemption
- —SOL rose more than 12% in 24 hours to $114, a seven-month high
- —Short liquidations totaled about $470 million
- —The SEC published its Innovation Exemption for tokenized stocks on September 17
- —SOL is still 62% below its $294.33 all-time high, but up 28% in a month
Why it matters: If the SEC exemption drives real tokenized-stock trading volume on Solana, the rally may hold; otherwise a drop below $112 is likely.
Source: Coincierge