SOL Token Jumps 3% as Wallet Growth, ETF Hopes, and Moody’s On-Chain Move Drive $3.7B Surge

Solana (SOLUSDT) experienced a 3.05% price increase over the past 24 hours, rising from a 24h open of 147.30 to 151.79 on Binance. This upward movement is attributed to heightened market activity following several key developments, including a record high in the number of wallets holding at least 0.1 SOL, increased analyst expectations for a potential Solana ETF approval, and Moody's announcement of bringing credit ratings on-chain via the Solana network. Despite a recent price slump earlier in the week and ongoing bearish technical signals, the surge in trading volume—up over 100% to levels exceeding $3.7 billion—suggests renewed trader interest and volatility. Solana's market capitalization stands at approximately $81.35 billion, with a circulating supply of around 540 million SOL, and the asset currently ranks as the 6th largest cryptocurrency by market cap.