SOL Token Surges 2.7% as Binance’s Alpha 2.0 and ETF Talks Drive Record Wallet Growth

Solana (SOL) is trading at $159.23 on Binance, reflecting a 2.70% increase over the past 24 hours from an open of $155.04. The recent price uptick is attributed to several factors: Binance’s launch of Alpha 2.0, which enables zero trading fees for DEX tokens including those on Solana, has likely boosted trading activity and demand; additionally, Standard Chartered’s optimistic long-term price forecast and ongoing discussions about potential Solana ETF proposals have supported positive sentiment. Strong retail engagement, as evidenced by a record number of wallets holding at least 0.1 SOL, and notable price gains in Solana ecosystem tokens such as SPX6900, have further contributed to market momentum. Solana maintains robust trading volume and ranks #6 by market capitalization, with technicals indicating a cautiously bullish trend as the price holds above key support levels.