SOL Token Surges 3.14% as Spot ETF Approval Odds Hit 99.7% and Ecosystem Growth Accelerates

Solana (SOLUSDT) has seen a 3.14% price increase over the past 24 hours, rising from a 24h open of 161.94 to a current price of 167.02 on Binance. This upward movement is primarily attributed to heightened optimism around the potential approval of a spot Solana ETF, with approval odds on Polymarket reaching as high as 99.7%, and the announcement of the REX-Osprey SOL+Staking ETF launch in the United States. Additional support comes from Solana’s strong ecosystem growth, including surpassing $4 billion in deposits and leading in active addresses, as well as increased trading activity and futures volume.

Currently, Solana trades at 167.02 with a 24-hour trading volume ranging from $5.68 billion to $11.82 billion, a market capitalization of approximately $89.71 billion, and a circulating supply of about 536.16 million SOL; the token has shown a positive trend, gaining around 9.65% over the past week amid notable price volatility.