SOL Surges 4.6% on ETF Speculation and Ecosystem Growth, Holds Strong Market Position

Solana (SOL) is currently trading at $161.36 with a 24-hour price increase of 4.62% and strong trading volume, maintaining its position as the sixth-largest cryptocurrency by market capitalization. The recent price uptick is attributed to renewed speculation around the potential approval of Solana staking ETFs, ongoing ecosystem developments including major sponsorships and capital inflows to related projects, and technical resilience above key support levels, despite regulatory delays and shifting investor sentiment toward emerging Layer-1 projects.