SOL Holds $140 Support as Upbit Hack Fails to Shake Solana Ecosystem

Solana (SOL) is showing remarkable resilience this week, holding firmly above the critical $140 support zone despite heightened market anxiety following a $37 million hack on South Korea’s Upbit exchange. Related Reading: The Bull And Bear Scenario For XRP That Could Play Out In November The stability comes at a time when institutional interest in Solana is accelerating, highlighted by Franklin Templeton’s recent Form 8-A filing with the U.S. SEC to launch a Solana ETF. Franklin Templeton’s Solana ETF Fuels Institutional Momentum The global investment giant, which manages $1.67 trillion in assets, is positioning itself at the forefront of crypto-focused investment products. The proposed ETF would offer regulated exposure to Solana without requiring investors to hold the token directly, a move widely seen as a bullish catalyst for long-term adoption. Historically, ETFs have had mixed but notable effects on crypto markets. Bitcoin surged to new all-time highs after its ETF debut in 2024,