The rise in active addresses on the Solana network, which jumped to 1.2 million from 900,000, indicates heightened engagement and suggests potential for further price appreciation.

Social media sentiment around SOL also spiked, with Twitter mentions increasing by 30% after a tweet from Kook Capital LLC, which fueled market activity.

These AI-driven algorithms saw a 15% rise in trading volume on platforms utilizing AI, underscoring the influence of social media on trading strategies.

In addition to SOL, AI-related tokens like Fetch.AI (FET) and SingularityNET (AGIX) experienced price increases of 3.5% and 2.8%, respectively, reflecting a correlation with major crypto events.

Decentralized exchanges such as Raydium reported a 30% increase in SOL trading volume, reaching 300,000 SOL, which indicates robust trading activity.

The current price of SOL is well above its 50-day moving average of $750, reinforcing a bullish outlook for the cryptocurrency.

On March 8, 2025, Solana (SOL) gained recognition from the White House, triggering a surge in trading activity and price appreciation.

Following this recognition, the Solana/USD trading pair rose by 2.5% to $179.64, while the SOL/BTC pair increased by 1.8% to 0.0038 BTC.

While no specific AI-related news directly impacted SOL's price movement, AI-driven trading algorithms were notably active, responding to the evolving market dynamics.

The total value locked (TVL) in the Solana DeFi ecosystem also increased by 3.2% to $10.5 billion, further highlighting the positive market sentiment.

Technical indicators for SOL showed a bullish trend, with the Relative Strength Index (RSI) moving from 68 to 72, signaling strong buying pressure.

Trading volumes for AGIX on decentralized exchanges rose by 10% to 500,000 AGIX, as traders reacted to the overall market momentum.