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Solana jumps above $71 on Morgan Stanley spot ETF filing and whale buying surge

Market News
20 Jun 2026
Tokenpost
View Source
Bullish
pluang ai news

Solana (SOL) surged past $71 following reports that Morgan Stanley filed for a spot Solana ETF, boosting institutional interest. This move reflects growing traditional finance exposure to Layer 1 blockchains beyond Bitcoin and Ethereum. Large on-chain purchases by whales further supported the rally, signaling strong demand. Traders now watch key resistance levels at $72 and $76 to determine if the rebound will sustain or face pullbacks below $69.6.

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