$SOL is the native token of the Solana network, designed to deliver fast, low-cost, and scalable decentralized applications. Founded by Anatoly Yakovenko, Solana aims to solve blockchain congestion and high fees, enabling DeFi, NFTs, and Web3 projects to thrive efficiently. Its purpose is to be the go-to platform for high-speed, decentralized innovation.

Solana has a maximum supply of 511 million $SOL tokens, with gradual release schedules for staking rewards, team allocations, and ecosystem growth. This controlled distribution maintains liquidity while supporting long-term scarcity and price potential.
From a price perspective, $SOL is showing strong support around key zones, forming higher lows and consolidating below resistance. Accumulation is evident as buyers step in on dips, preparing for a potential breakout. Volume trends indicate genuine demand rather than speculative spikes.
Looking ahead, continued adoption of DeFi, NFTs, and Layer-1 projects on Solana, along with growing ecosystem partnerships, sets the stage for a bullish continuation. Spot traders can use minor retracements as accumulation opportunities, positioning for the next potential surge in price. $SOL remains a prime candidate for strategic spot buying.