SOL Token Surges 2.58% as Developer Activity, Institutional Demand, and MetaMask Integration Drive Momentum

Solana (SOL) has experienced a 2.58% price increase over the past 24 hours, with the SOLUSDT pair currently trading at 201.84 on Binance. This upward movement is primarily attributed to heightened developer activity on the Solana network, increased institutional interest, and the launch of new products such as Binance's Sharia Earn featuring SOL staking. Additional factors include a surge in total value locked within the Solana ecosystem, MetaMask's integration of the Solana network, and significant trading activity, including the liquidation of large short positions and increased leveraged long positions in the $186–$190 range.

Currently, Solana maintains a strong market position with a 24-hour trading volume exceeding $12 billion and a market capitalization of approximately $108 billion, reflecting robust investor interest and sustained positive momentum.