SOL Token Jumps 2.64% as U.S. Staking ETF Debuts and Institutional Demand Surges

Solana (SOLUSDT) has experienced a 2.64% price increase over the past 24 hours, rising from a 24h open of $147.89 to a current price of $151.79 on Binance. This upward movement follows several key developments, including the debut of the first U.S. Solana staking ETF (SSK) on July 2, 2025, which generated strong demand and trading volume, and Binance’s recent support for SOL as a spot collateral asset for Institutional Loans, enabling up to 4x leverage. Additional factors contributing to increased market activity include cumulative airdrop rewards for SOL stakers on Binance and heightened ecosystem engagement, with Solana processing 162 million daily transactions in the first half of 2025. Despite a broader market downturn and a temporary delay by the U.S. SEC on Grayscale’s Solana ETF proposal, Solana’s robust dApp revenue and growing institutional interest have supported recent price resilience. Trading volume for SOLUSDT in the last 24 hours has ranged from $1.51 billion to $1.86 billion, with the price fluctuating between $145.90 and $151.79 and a market capitalization near $79 billion, ranking Solana as the sixth largest cryptocurrency by market cap.