SOL Token Surges 6% as Institutional Buys, ETF Hopes, and DEX Volumes Drive Momentum

Solana (SOL) has experienced a notable price increase over the past 24 hours, rising 6.26% from a 24h open of $141.74 to a current price of $150.62 on Binance. This upward movement is primarily attributed to several positive developments: Binance expanded its VIP Investor Program to include SOL staking, Robinhood introduced micro futures contracts for Solana, and institutional interest has grown, evidenced by Upexi’s $7.8 million SOL purchase. Additionally, anticipation for a potential spot Solana ETF and Solana surpassing Ethereum in decentralized exchange trading volumes have contributed to increased bullish sentiment and trading activity.

Currently, Solana maintains a market cap of around $78.25 billion with a circulating supply of 534,351,000 SOL. The asset is rebounding from recent volatility, supported by strong trading volumes and renewed investor confidence, positioning it as one of the leading cryptocurrencies by market capitalization.