SOL Token Surges 3.12% as Binance Anniversary, Security Gains, and ETF Hopes Drive Momentum

Solana (SOLUSDT) has experienced a 3.12% price increase over the past 24 hours, currently trading at $166.83 on Binance. The positive price movement is attributed to several factors: Solana's inclusion in Binance's 8th anniversary event, which has boosted user engagement through staking options and promotional activities; improved network security as indicated by a decrease in "sandwich attacks"; and increased developer and user activity, highlighted by new memecoin launchpads. Additionally, optimistic sentiment around the potential approval of spot ETFs for SOL and other major cryptocurrencies has contributed to heightened market interest.

Solana maintains a strong position with a market capitalization of approximately $88.47 billion, ranking #6 among cryptocurrencies, and a robust 24-hour trading volume exceeding $4.13 billion, reflecting significant liquidity and investor attention amid ongoing volatility and technical resistance levels.