SOL Token Climbs 2.33% as REX-OSPREY ETF Launch and PancakeSwap Expansion Boost Market Activity

Solana (SOL) experienced a 2.33% price increase over the last 24 hours, rising from 147.24 to 150.67 USDT on Binance. This upward movement is primarily attributed to the launch of the REX-OSPREY Solana ETF with staking features on July 2, 2025, which generated significant market interest and led to a brief price rally. Additional contributing factors include increased trading activity following the ETF announcement and the expansion of PancakeSwap to the Solana network, offering new DeFi opportunities. However, the price gains moderated as traders reassessed institutional demand and considered upcoming SOL unlocks and declining on-chain metrics.

Currently, Solana trades at 150.67 USDT on Binance, with a 24-hour trading volume between $3.03 billion and $9.81 billion and a market capitalization estimated at $79–82 billion, reflecting continued high investor interest amid ongoing market volatility.