SOL Token Surges 2.45% as Institutional Inflows, ETF Launch, and Ecosystem Growth Drive Momentum

Solana (SOLUSDT) has experienced a 2.45% price increase over the past 24 hours, currently trading at $165.98 on Binance. This upward movement is primarily attributed to heightened institutional interest, notably the launch of the REX-Osprey Solana + Staking ETF on the Cboe BZX exchange, which saw over $12 million in inflows on its first day, and significant investments such as Upexi’s $200 million commitment to Solana. Additional positive sentiment stems from ecosystem growth, including a record number of wallets holding at least 0.1 SOL, $250 million in USDC minted on Solana, and Moody’s integration of on-chain credit ratings. Trading volume has increased significantly, with recent 24-hour volumes ranging from $3.53 billion to $10.62 billion, and Solana’s market capitalization stands near $89 billion, ranking it among the top cryptocurrencies. Overall, strong technical indicators and robust ecosystem developments are supporting the current bullish trend.