SOL Token Surges 2.64% Amid Record Wallet Growth, $2.57B Volume, and New Project Momentum

Solana (SOL) has risen by 2.64% over the past 24 hours, with the current Binance price at $153.65, up from a 24-hour open of $149.70. This price increase is attributed to a combination of factors: ongoing signs of recovery after recent volatility, strong retail engagement as evidenced by record user adoption (over 11.6 million wallets holding at least 0.1 SOL), and positive sentiment from new developments such as the Bitcoin Hyper project leveraging Solana’s speed and the anticipation around the Solaxy (SOLX) ICO. Significant transfers of SOL to Binance and a recent long position liquidation have contributed to heightened trading activity and liquidity, with the 24-hour trading volume standing at approximately $2.57 billion and a market cap near $79 billion. Overall, SOL is exhibiting active trading within the $150–155 range, supported by resilient technical patterns and robust market participation.