SOL $SOL recovers above $200, Aave deposits reach record $33.4 billion: Finance redefined

Growing optimism among investors ahead of Trump's inauguration is attracting more capital into the market, helping deposits into Aave reach a new record high.

Early 2025 has brought new excitement for cryptocurrency investors, pushing Solana's price back above $200 despite the potential selling pressure of $55 million from Pump.fun.

In the broader cryptocurrency space, investor enthusiasm is rising in anticipation of the upcoming inauguration of U.S. President-elect Donald Trump, and net deposits on the Aave lending platform have surpassed the previous record set during the 2021 bull market.

Solana's price recovers above $200 after Pump.fun sells SOL for $55 million

The price of Solana increased by about 10% to over $200 after transferring $55 million from Pump.fun's fee account to the cryptocurrency exchange Kraken.

Solana recovered after dropping to $189 around 5:00 PM UTC on January 1.

The price of the coin began to rise around 6:00 PM UTC after the fee account related to the memecoin launch platform Pump.fun transferred $55 million worth of SOL to the Kraken exchange. #uptrend