SOL Token Surges 2.39% as Upexi Doubles Holdings and Spot ETF Talks Fuel $7.2B Volume

Solana (SOLUSDT) has experienced a 2.39% price increase over the past 24 hours, with the current price at 165.12 USDT on Binance, opening at 161.26 USDT. The recent price movement is attributed to several factors: Upexi, Inc.'s completion of $200 million in financing and subsequent doubling of its Solana holdings to approximately 1.65 million SOL has contributed to positive sentiment. Additionally, ongoing discussions about a potential spot Solana ETF and broader optimism regarding Solana's role in the growing tokenization market have supported bullish momentum. Despite some short-term resistance and volatility, active trading volumes—reported at approximately $7.2 billion in the last 24 hours—underscore strong market participation, with Solana's market capitalization estimated around $86–$88 billion. The network continues to be a leading platform for decentralized applications and NFTs, maintaining relevance amid shifting market sentiment.