SOL Token Surges 2.44% as Flexible Staking, ETF Inflows, and US Stablecoin Law Drive Momentum

Solana (SOLUSDT) has experienced a 2.44% price increase over the past 24 hours, rising from a 24h open of $176.20 to $180.50 on Binance. This upward movement is primarily attributed to several recent developments: the launch of Binance’s Flexible Staking feature for SOL, which has increased user engagement and demand; heightened institutional interest, as evidenced by significant inflows into Solana-based ETFs and the introduction of the multi-exchange liquid staking token LsSOL; and the broader positive sentiment following the passage of the "GENIUS Act" in the US, which established a federal regulatory framework for stablecoins and contributed to a surge in overall crypto market capitalization.

Currently, SOLUSDT is trading at $180.50 with strong trading activity and a circulating supply of approximately 537.92 million tokens, maintaining its position among the top cryptocurrencies by market capitalization. The asset has shown resilience above key support levels, with technical analysts monitoring the $184.66 resistance as the next potential breakout point.