SOL Token Surges 2.1% as ETF Launch, Staking Rewards, and DeFi Growth Drive Momentum

Solana (SOLUSDT) has experienced a 2.10% price increase over the past 24 hours, rising from 148.07 to 151.18 on Binance. This upward movement is attributed to several key factors: renewed investor interest following the launch of the REX-Osprey Solana + Staking ETF (SSK) on the Cboe BZX exchange, which recorded strong initial trading volume and capital inflows; the introduction of the 'Simple Earn SOL Flexible' program on Binance, offering daily rewards and APR boosts for SOL holders; and increased portfolio diversification by investment firms moving away from Bitcoin. Additional support comes from Solana’s growing network activity, with total value locked reaching $8.6 billion and active wallets exceeding 3.3 million, as well as notable acquisitions such as DeFi Development Corp purchasing 17,760 SOL. Over the past day, trading volume has remained robust, reflecting sustained interest, while the price has fluctuated between 146.90 and 153.39, with a current market capitalization of approximately $81.4 billion and a circulating supply of about 535.45 million SOL.