SOL Token Surges 4.69% as $11.4M ETF Inflow and Liquid Staking Fuel Bullish Momentum

Solana (SOLUSDT) experienced a notable price increase of 4.69% over the past 24 hours, rising from a 24-hour open of $178.08 to a current price of $186.43 on Binance. This upward movement is primarily attributed to strong institutional interest, highlighted by a significant $11.4 million net inflow into the REX-Osprey SOL spot ETF and record-high open interest of $9.71 billion, signaling increased investor confidence. Additional momentum was provided by the launch of the LsSOL liquid staking token and positive technical indicators, including a long-term bullish chart pattern and growing expectations for a spot Solana ETF approval.

Currently, SOLUSDT is trading at $186.43 on Binance with a 24-hour trading volume of 3.81 million SOL (equivalent to 687.53 million USDT), and the market capitalization is estimated at approximately $100.08 billion, reflecting strong market activity and solidifying Solana’s position among the top cryptocurrencies.