SOL Token Surges 3.28% as Institutional Interest and On-Chain Milestones Drive Momentum

Solana (SOLUSDT) has experienced a 3.28% price increase over the last 24 hours, rising from a 24h open of 148.01 to a current price of 152.86 on Binance. This upward movement is attributed to several positive developments, including bullish technical patterns such as a cup-and-handle formation, strong on-chain growth, and heightened institutional interest following the launch of the REX-Osprey Solana ETF with staking. Additional momentum has come from ecosystem milestones, such as a record number of wallets holding SOL and Moody’s announcement to bring credit ratings on-chain via Solana.

Market activity remains robust, with a 24-hour trading volume of approximately $3.85–$3.99 billion and a market capitalization near $81.11 billion. Solana's price has shown mixed performance over the past week but is currently benefiting from increased trading activity and positive sentiment, with immediate resistance levels being closely watched around $154.21.