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The price of Solana (CRYPTO: SOL) had risen as much as 7% over 24 hours at 9:30 a.m. EST before it gave away some of those gains. The popular retail investing app Robinhood announced earlier today that it had added the token to its trading platform.
Robinhood has been slow to add cryptocurrencies to its trading platform, despite strong demand from its customers. CEO Vlad Tenev said on the company's recent earnings call that Robinhood has wanted to be careful not to add tokens that financial regulators might consider unregistered securities.