SOL, Solana’s native coin, has seen its value increase since the announcement of its impending merger with Helium. The developers of Helium came up with HIP 70, which aimed to relocate the entire Helium supply chain to Solana. Developers behind Helium have stated that increasing the network’s scalability, stability, and speed were the primary motivations behind the merger. According to a Medium post published by Solana on August 31, the company proposes migrating the Helium ecosystem from the L1 chain to its own “highly-scalable and fast blockchain,” which will allow for “higher uptimes, greater composability, and a faster user experience while maintaining the security and low cost of using the Helium Network.” Related Reading: Uniswap (UNI) Price Struggles To Overcome $6.8 Resistance SOL Trading Volume Up A Decent 250% Recent data shows that SOL’s trading volume has increased by an impressive 250 percent, from a recent low of $675,184 to today’s trading volume of $1,685,409. When business volume rises, prices tend to rise as well. The price increased by 11.52 percent in just 12 hours on September 2. This most recent upward movement resulted in a price of $38.06. On Wednesday, however, a fairly severe correction follows this bull pattern. A rising price carries with it the possibility of a sell-off, since some traders may seek to make a profit. This occurred shortly after SOLR...
