Institutional investor demand for Solana-based staking options could set a fire under SOL price.
Key point:
Increased demand for liquid staking solutions combined with higher institutional interest could drive the price toward the $185 resistance.
Liquid Collective introduced a liquid staking token on Solana (SOL), in partnership with Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. The Liquid Staked SOL (LsSOL) will cater to the rising institutional interest in the network in anticipation of SOL-based exchange-traded funds (ETFs) receiving US regulatory approval.
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