SOL Token Surges 6.17% as Alpenglow Upgrade and Major Accumulation Drive Bullish Momentum

Solana (SOLUSDT) has experienced a notable 6.17% price increase over the past 24 hours, rising from a 24h open of $199.16 to a current price of $211.44 on Binance. This upward movement is primarily attributed to the recent approval of the "Alpenglow" network upgrade, which significantly enhances transaction speed and has generated strong bullish sentiment among investors. Additional factors contributing to the price surge include increased institutional interest, with major holders accumulating approximately 8.69 million SOL and new treasury platforms from Galaxy Digital and Pantera Capital expected to launch soon. Robust trading volume of $8.76 billion and a market capitalization of $113.36 billion underscore Solana's strong market activity, while technical indicators and positive momentum suggest continued investor confidence in the asset.