$SOLV gains more than 24% as Solv Protocol raises $10 million for Bitcoin Reserve Offering

$SOLV, utility token of Solv Protocol, a platform pioneering a Decentralized Bitcoin Reserve with SolvBTC, is up more than 24% in the past 24hours, & now trades arund $0.05060, with inflow of $49.38M, & trading volume of $199.93M, as per Gate.io chart.

Bitcoin staking platform Solv Protocol has reportedly raised $10 million for its Bitcoin Reserve Offering as it aims to build a $100 million $BTC reserve & drive Institutional BTC finance adoption. The platform will deploy the BTC raised to various yield-generating avenues, including liquid staking tokens.