SOL Token Surges 3% as ETF Speculation and Institutional Interest Drive $4B Trading Volume

Solana (SOLUSDT) has seen a 3.17% price increase over the past 24 hours, rising from 152.74 to 157.58 on Binance, with this upward movement largely attributed to growing speculation around a potential Solana spot ETF approval following recent U.S. SEC actions requesting revised S-1 forms from ETF applicants. Additional positive sentiment has been driven by Binance’s 8th anniversary promotion involving SOL and continued accumulation by wallet holders, as well as increased institutional interest reflected in recent ETF filings. The current market environment is characterized by robust trading activity, with a 24-hour volume exceeding $4 billion and a market capitalization near $85 billion, while Solana’s price has fluctuated between $150.55 and $159.33, reflecting ongoing volatility amid heightened regulatory and technical developments.