SOL Token Surges 5% as US-Listed Staking ETF, Institutional Adoption, and Binance Initiatives Drive Momentum

Solana (SOLUSDT) has experienced a 5.26% price increase over the past 24 hours, currently trading at $173.13 on Binance, with a 24-hour open of $164.48. The positive price movement is attributed to several key developments: Binance’s launch of Sharia Earn, which includes SOL staking and exclusive campaigns, has increased user engagement; BIT Mining’s addition of SOL to its treasury signals growing institutional interest; and the launch of the first US-listed Solana staking ETF with an initial $20 million volume has further boosted sentiment. Additional momentum comes from ongoing discussions about Solana’s network tokenization, recent support for cryptocurrencies from public figures, and the introduction of multi-exchange liquid staking, which has heightened expectations for institutional adoption. Market activity remains robust, with 24-hour trading volumes ranging from $8.8 billion to $19 billion and Solana maintaining a market capitalization of approximately $92.6 billion, ranking it among the top cryptocurrencies.