SOL Token Surges 6.7% as Binance Launches New Staking Features and Market Cap Tops $100B

Solana (SOLUSDT) has experienced a notable price increase of 6.70% over the past 24 hours, with the current price on Binance at $188.97, up from a 24-hour open of $177.11. This upward movement is primarily attributed to several positive developments: Binance’s introduction of Soft Staking and Sharia Earn for Solana, which has expanded staking accessibility and attracted new user segments; increased institutional interest in Solana’s liquid staking solutions; and overall bullish sentiment in the cryptocurrency market following the passage of the GENIUS Act in the United States, which has contributed to broader market optimism and a surge in total crypto market capitalization above $4 trillion. Technical analysis also points to strong buyer dominance and a bullish harmonic pattern, further supporting the recent rally.

Currently, Solana is trading near its 24-hour high, with a trading volume of approximately $14.31 billion and a market capitalization exceeding $100 billion, ranking it sixth among cryptocurrencies. The asset has shown strong weekly gains and continues to benefit from heightened activity in NFTs, DeFi, and gaming, reinforcing its robust market position.