SOL Token Surges 2.33% as Binance Soft Staking Launch and $11.4M ETF Inflows Drive Momentum

Solana (SOLUSDT) has seen a 2.33% price increase over the past 24 hours, currently trading at $180.31 on Binance. This upward movement is attributed to several positive developments, including the launch of Soft Staking for SOL on Binance, which allows users to earn daily staking rewards, and significant institutional inflows totaling $11.4 million through US spot crypto ETFs on July 18, 2025. Additionally, broader market sentiment has been bolstered by the passage of key cryptocurrency legislation in the United States, notably the "GENIUS Act," which is viewed as a step toward mainstream adoption of digital assets.

Solana's market capitalization stands at approximately $96.25 billion, with a 24-hour trading volume of around $959 million and a weekly price gain of nearly 9%. The asset is currently testing a major resistance zone near $180, with analysts watching for a potential breakout above $184.66 or a short-term pullback if resistance holds. Overall, SOLUSDT remains actively traded with notable price and volume fluctuations amid a supportive market environment.