SOL Surges 2.14% as Staking and DeFi Activity Increase

Solana (SOL) is currently trading at $177.69 with a 24-hour price increase of 2.14% and elevated trading volume, reflecting continued strong market participation. The recent price movement is attributed to increased staking activity, as evidenced by a new wallet withdrawing and staking over 19,800 SOL, as well as ongoing institutional and DeFi interest highlighted by a rise in total value locked and recent bullish forecasts. Short-term volatility persists around the $170–$180 range, influenced by broader market trends, active trading, and Solana’s recent outperformance in decentralized exchange volume and network activity.