bitFlyer to List Solana (SOL) as SOL Price Surges

Japanese cryptocurrency exchange bitFlyer has announced that it will begin supporting Solana (SOL), marking a significant milestone for the popular blockchain network in the Japanese crypto market. According to a recent post shared by the Tokyo-based exchange, Solana trading will officially launch on June 24, allowing users to buy and sell SOL through bitFlyer’s platform.

The announcement effectively confirms the listing of Solana, currently the seventh-largest cryptocurrency by market capitalization. In its statement, bitFlyer highlighted Solana’s technological advantages, describing it as a blockchain that utilizes the Proof-of-Stake (PoS) consensus mechanism while integrating its proprietary Proof-of-History (PoH) technology. This combination enables fast transaction speeds, low fees, and high scalability, making Solana a preferred network for decentralized applications, blockchain projects, and digital asset innovation.

Founded in 2014, bitFlyer is one of Japan’s largest and most established cryptocurrency exchanges. As a result, the addition of Solana is viewed as an important development for both SOL adoption and the broader cryptocurrency industry in Japan. The listing could increase exposure to Solana among Japanese investors and strengthen the asset’s presence in one of the world's most regulated digital asset markets.

The announcement comes as Solana price continues to gain momentum alongside a broader cryptocurrency market rally. Over the past 24 hours, SOL climbed approximately 6.5%, reaching nearly $73. The cryptocurrency has also posted gains of around 10% over the last week, reflecting growing investor interest.

Bitcoin’s recent move above $65,000 has helped fuel bullish sentiment across the market. Analysts suggest the latest surge may have been driven largely by a short squeeze, forcing bearish traders to close positions and pushing prices higher.

Meanwhile, derivatives market data indicates increased activity around Solana. Open interest in SOL futures contracts has risen nearly 10% within the last 24 hours, reaching approximately $42 billion. Despite the increase in trading activity, funding rates remain negative, suggesting that many traders continue to maintain bearish positions even as Solana’s price trends upward.

With support from a major Japanese exchange and improving market sentiment, Solana remains one of the most closely watched cryptocurrencies in the digital asset sector.