SOL Token Surges 2.58% as Developer Activity, Institutional Demand, and MetaMask Integration Drive Momentum
Solana (SOL) has experienced a 2.58% price increase over the past 24 hours, with the SOLUSDT pair currently trading at 201.84 on Binance. This upward movement is primarily attributed to heightened developer activity on the Solana network, increased institutional interest, and the launch of new products such as Binance's Sharia Earn featuring SOL staking. Additional factors include a surge in total value locked within the Solana ecosystem, MetaMask's integration of the Solana network, and significant trading activity, including the liquidation of large short positions and increased leveraged long positions in the $186–$190 range.
Currently, Solana maintains a strong market position with a 24-hour trading volume exceeding $12 billion and a market capitalization of approximately $108 billion, reflecting robust investor interest and sustained positive momentum.
🚨 Nano Labs Expands $BNB Treasury to $90M
🔥 Nano Labs has ramped up its #Binance Coin treasury reserve to $90 million, acquiring an additional 45,685 #BNB (worth $34.8M) via OTC at an average of $764 per token.
📊 The Nasdaq-listed web3 infrastructure firm has been strategically building its BNB holdings since June, aiming to eventually hold 5–10% of BNB’s circulating supply. The average entry price across all purchases is $707.
⚡ This move is part of a broader $1B BNB acquisition plan backed by a $500M convertible note deal. Nano Labs also intends to invest in and acquire BNB-focused firms as part of its treasury strategy.
📰 Other players are joining in:
🔸 Windtree Therapeutics is targeting $200M in BNB holdings
🔸 10X Capital, backed by YZi Labs, is pushing for a new BNB treasury company
Binance co-founder CZ has publicly supported these growing BNB treasury initiatives.