SOL Token Surges 3% to $196 as U.S. Regulation, ETF Launch, and Wallet Activity Drive Momentum

Solana (SOLUSDT) has experienced a notable price increase in the last 24 hours, rising 3.03% to $196.83 on Binance, with a 24h open of $191.05. The recent bullish momentum is primarily attributed to positive developments in U.S. crypto regulation, specifically the passage of the "GENIUS Act" establishing a regulatory framework for stablecoins, and discussions around potential "innovation exemptions" by the SEC. Additional drivers include the launch of the first U.S. ETF with Solana exposure and record-high wallet activity, signaling increased institutional and retail interest.

Currently, Solana is trading near $196.83 with strong trading volumes and a market capitalization exceeding $107 billion, ranking it among the top cryptocurrencies. The asset has shown significant volatility, with price fluctuations between $168.71 and $227.56 in the past day, and maintains a bullish outlook as it consolidates above key support levels.