#SOL Solana (SOL) price recently saw a significant gain, rising 10% to $161. This jump came after US Federal Reserve Chairman Jerome Powell made a statement, hinting at a possible interest rate cut in the coming months.

Markets interpreted these comments as a signal for monetary easing, which led to a rise in the prices of various cryptocurrencies, including Solana. Prior to this, SOL was trading around $140, but after Powell’s speech, the price quickly rose above $160.

Solana’s current price is $215.96, reflecting the ongoing volatility in the crypto market.

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