SOL Surges 3.3% as Institutional Demand Grows, Binance Web3 Integration Boosts Ecosystem

Solana (SOL) is currently trading at $176.90 with a 24-hour opening price of $171.20, reflecting a 3.33% increase over the last 24 hours, supported by strong trading volume and a market capitalization of approximately $92.47 billion. The recent price rise is primarily attributed to increased institutional interest, positive sentiment from social media, and ecosystem developments such as Binance’s integration of Solana into its Web3 Wallet and the launch of the BNSOL Super Stake campaign. However, the ongoing $80 million token unlock, which began on May 25 and releases $11.82 million daily, has introduced some short-term volatility and temporarily capped upward momentum. Despite this, Solana’s network activity remains robust, with significant growth in total value locked and memecoin trading, contributing to the overall bullish outlook.