SOL Token Surges 3.4% as Upexi’s $7.8M Buy Sparks Bullish Momentum and Institutional Interest

Solana (SOL) is trading at $147.13 on Binance, up 3.42% from a 24-hour open of $142.26, with a 24-hour trading volume of $3.61 billion and a market capitalization between $75.90 billion and $77.33 billion. The recent price increase can be attributed to heightened institutional activity, notably Upexi’s $7.8 million SOL purchase on June 27, 2025, which contributed to renewed bullish sentiment and increased market participation. Despite short-term volatility and a recent decline over the past month, SOL has shown resilience, supported by ongoing adoption in decentralized applications and DeFi, with analysts monitoring technical levels for potential further gains in July.