SOL Token Surges 2.62% as $1.6B Treasury Plan and Nasdaq Listing Drive Institutional Demand

Solana (SOLUSDT) has experienced a 2.62% price increase over the past 24 hours, currently trading at $212.47 on Binance. This upward movement is primarily attributed to heightened institutional interest, including ARK Invest's staking partnership and a significant $600 million purchase, as well as the announcement of a $1.6 billion SOL treasury plan by Forward Industries. Additional support for the price comes from Solana's recent "Alpenglow" upgrade, which has improved transaction speed and stability, and the listing of SOL Strategies on Nasdaq, further boosting institutional engagement. The market has also seen a notable rise in trading volume, with 24-hour activity reaching over $10 billion and a circulating supply of approximately 542 million SOL, reflecting increased demand and positive sentiment among investors.