SOL Token Surges Past $200 as Institutional Inflows, ETF Growth, and DeFi Activity Hit New Highs

Solana (SOLUSDT) experienced a notable price increase over the past 24 hours, rising 2.60% from a 24h open of 196.29 to a current price of 201.39 on Binance. This upward movement is primarily attributed to heightened institutional interest, including $39 million in recent inflows and the rapid growth of the REX-Osprey SOL+ Staking ETF, as well as increased DeFi activity with Solana’s total value locked reaching a six-month high of $10.453 billion. Additional momentum came from Binance’s launch of Soft Staking for SOL, which has driven user engagement and staking participation, and a surge in trading volumes and social media attention as SOL surpassed the $200 mark.

Currently, Solana is trading at 201.39 USDT with strong 24-hour trading volumes and a market capitalization estimated between $107.3 billion and $109.99 billion, maintaining its position among the top cryptocurrencies by market cap.