Institutional investors have stepped up their exposure to Solana (SOL), with Forward Industry among the firms reported to own nearly $1 billion in SOL, signaling rising liquidity and infrastructure support for the network. The SOLUSD price has stabilized around $130 after a correction from a high of $144, outperforming Bitcoin and Ethereum and forming a base for a potential uptrend. It briefly dipped to a low near $132 before turning higher.
Separately, a crypto user lost around $5,000 from a Phantom wallet on Solana after connecting to hotel WiFi and approving a malicious transaction. The incident underscores the risks of using public networks for crypto transactions.
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