SOL Token Surges 7% as Institutional Inflows, Staking Promotions, and New Products Drive $13.4B Volume

Solana (SOLUSDT) has experienced a notable price increase of 7.01% over the past 24 hours, rising from 161.23 to 172.53 on Binance. This upward movement is primarily attributed to heightened ecosystem activity, including the launch of Binance’s Soft Staking promotion for SOL, increased institutional inflows totaling $78 million, and the success of platforms like Pump.fun, which recently conducted a high-profile token sale and buyback campaign. Additional momentum has come from the introduction of Zeus Network’s btcSOL product and the strong performance of the REX-Osprey Solana Staking ETF. These developments have driven robust trading activity, with Solana’s 24-hour volume exceeding $13.41 billion and its market capitalization reaching approximately $89.96 billion, reinforcing its position as a leading cryptocurrency.