Solana Trades Near $73 as Governance Proposals and Large Token Sales Unfold
Solana (SOL) traded near $72.91**, down 1.47% in 24 hours, facing resistance around **$73.35 and a key breakout level at $76**. Governance proposals **SGP-0002 and SGP-0003**, which aim to reduce token supply growth, are in final discussion until **August 22**. Meanwhile, **Pump.fun sold 84,789 SOL** worth approximately **$6.25 million, adding market supply. Analyst Michaël van de Poppe sees a confirmed break above $76** as a potential trigger for a recovery toward **$120. Solana recorded $8.68 million in futures liquidations over the past 24 hours.
Risk reminder: SOL faces resistance near $73.35. Traders are watching support near **$70.65** and awaiting the governance vote outcome.
