Solana, a prominent layer-one blockchain, experienced a significant price climb of 17% within a week, kicking off 2023 on a strong note. The cryptocurrency's value increased from a support level of $150 to more than $170, buoyed by increasing market interest.
However, recent trends showed a slight decrease as staking activities by a Binance wallet affected the price. This highlights the influence of major staking actions on short-term market movements.
The article originally appeared on CoinGape, further detailing the movements and factors influencing Solana's value in early 2023.
