SOL Token Surges 2.16% as Staking ETF Launch Sparks $4.5B Trading Volume and Institutional Demand

Solana (SOL) has experienced a 2.16% price increase over the last 24 hours, rising from an open of 148.52 to 151.73 USDT on Binance. This upward movement is largely attributed to heightened institutional interest following the launch of a Solana staking ETF, which has generated significant trading activity and optimism about future inflows. Additional factors influencing sentiment include the upcoming U.S. SEC deadline for Solana ETF application revisions and increased competition among Solana-based meme coin platforms, which have kept the asset in focus.

Currently, Solana trades at 151.73 USDT with a 24-hour trading volume of approximately $4.51 billion and a market capitalization near $80.94 billion, ranking it sixth among cryptocurrencies. The asset has shown robust on-chain activity and remains a leading network for developer engagement, while recent price action reflects both bullish momentum and ongoing market volatility.