SOL Token Surges 4.89% to $167.15 as $600M Fundraising and Institutional Inflows Drive Momentum

Solana (SOLUSDT) has experienced a 4.89% price increase over the past 24 hours, currently trading at $167.15 on Binance. This upward movement is primarily attributed to strong capital inflows, including a notable $600 million on-chain fundraising event by Pump.fun and continued institutional investment, as evidenced by recent inflow reports from CoinShares. The surge in daily active addresses and broad retail participation in recent fundraising further support positive sentiment.

Market activity remains robust, with 24-hour trading volumes ranging from $4.36 billion to $12.85 billion and a circulating supply of approximately 536–540 million SOL. Solana's market capitalization is estimated between $85.87 billion and $89.28 billion, ranking it as the sixth largest cryptocurrency. The asset has shown an upward trend over the past week, with price fluctuations between $157 and $167.15, reflecting cautious optimism among traders as the price approaches key technical levels.