Solana's price has surged to its highest level since January, showing a 5% rise within the last 24 hours and a 17% gain for the week. This increase follows Galaxy Digital's withdrawal of $724 million worth of SOL tokens from exchanges like Binance and Coinbase, possibly tied to the treasury strategy of Forward Industries, a digital asset management firm. This fundraising effort, which totaled $1.65 billion, is expected to create significant demand for SOL. Experts believe incoming treasury company demand and the potential approval of SOL-based ETFs could further propel Solana's market performance. Galaxy's CEO, Mike Novogratz, noted the potential for a 'season of SOL.' He pointed to upcoming treasury initiatives and ETF expectations as drivers of new investments in the crypto space. The rallying price of Solana has outperformed both Bitcoin and Ether, which saw more modest gains during the same timeframe, suggesting a strong market interest in SOL and a growing institutional investment trend.

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