Solana is surging quickly following big news from a major crypto exchange

Solana (SOL) is currently rising rapidly. The token has reached a new annual high, not seen since May 2022. In the last 24 hours, the coin has risen by almost 7%. One of the reasons for the recent surge could be a big announcement Crypto exchange OKX could be.

Crypto phone Solana is in trouble due to poor sales

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Solana is rising rapidly following important news

The famous Altcoin Solana is up 7 percent in the last 24 hours. With a current value of around $78, it is one of the fastest-growing major cryptocurrencies in recent times. The coin has not been this high since the 2021 bull market.

Today’s increase is most likely related to an announcement from crypto exchange OKX. Starting today, OKX allows users to make money by selling Solana strike. That means you are Crypto temporarily, when they cannot trade it, for a fixed return.

In addition to Solana, there is also a strike core (CORE) possible as of today. By staking with Solana you will receive an annual return of 5 to 8 percent. For the core it is 22 to 26 percent. One can stake the coins on OKX by going to the Growth section of OKX and clicking on Solana or Core. The price of the core remained unaffected.

Crypto exchanges stop in the Netherlands

The crypto exchange OKX is Not available for Dutch users. The company has ceased its activities in the Netherlands since June 2023. The reason for the departure, just like its competitor Binance, was the lack of DNB registration. Until now, crypto exchanges in the Netherlands were active without registering with De Nederlandsche Bank (DNB).

Over the past year, Solana price has increased by 450%. This makes it one of the fastest growing cryptocurrencies of the past year. On the Dutch crypto exchange Bitvavo it is Second most traded coin, behind Bitcoin (BTC). The volume is 18 million euros.

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