SOL Token Jumps 3.2% as Upexi Allocates $150M, ETF Optimism Fuels Trading Surge

Solana (SOLUSDT) has seen a 3.20% price increase over the past 24 hours, currently trading at $164.21 on Binance. The primary driver of this upward movement is the announcement that Nasdaq-listed firm Upexi secured $200 million in financing, with over $150 million allocated to expand its SOL treasury, signaling increased institutional adoption. Additional positive sentiment stems from optimism around a potential Solana ETF approval and heightened activity within the Solana ecosystem, particularly in memecoin launchpads. Trading volume has surged significantly, reflecting increased market interest, while Solana’s market capitalization remains strong at approximately $87–88 billion, with a circulating supply near 536–540 million tokens.