SOL Token Surges 2.91% Amid ETF Momentum, Binance Staking Boost, and $5B Trading Volume

Solana (SOLUSDT) is currently trading at 157.01 USDT on Binance, reflecting a 2.91% increase over the past 24 hours from a 24h open of 152.57. The recent price uptick is attributed to several factors: Binance’s inclusion of SOL holdings in soft staking for VIP volume requirements, which may have driven increased demand and trading activity; ongoing promotional events such as Binance’s 8th anniversary campaign; and heightened market interest following reports of possible Solana ETF approvals, with Bloomberg analysts indicating a high likelihood for 2025. Additional momentum has come from the launch of the REX-Osprey Solana ETF, which has generated significant trading volume and renewed attention on Solana’s ecosystem growth, including a notable rise in total value locked (TVL) and wallet addresses. Market activity remains strong, with 24-hour trading volume ranging from $4.76 billion to $5.57 billion and market capitalization near $84 billion, positioning Solana as one of the leading digital assets by market cap.