SOL Token Surges 8% as ProShares Ultra Solana ETF Launch and $4B Inflows Drive Momentum

Solana (SOL) experienced an 8.24% price increase over the past 24 hours, rising from 161.84 to 175.18 USDT on Binance. This upward movement is primarily attributed to several positive developments: the launch of the ProShares Ultra Solana ETF, which offers leveraged exposure to SOL through a traditional investment vehicle; strong ecosystem growth, including a 140% year-to-date surge in tokenized assets on the Solana blockchain; and heightened institutional interest, as evidenced by over $4 billion in ecosystem deposits and significant inflows into Solana-related ETFs. Additionally, market sentiment has been boosted by the high probability of a spot Solana ETF approval, with Polymarket odds reaching 99.7%.

Currently, Solana trades at 175.18 USDT with a 24-hour trading volume of approximately $17.09 billion and a market capitalization near $93.89 billion, reflecting robust market activity and investor confidence.