SOL Token Surges 5.86% Amid Whale Moves, Firedancer Upgrade Hype, and ETF Speculation

In the past 24 hours, Solana (SOL) experienced a notable price increase of 5.86%, rising from $152.50 to $161.43 on Binance. This upward movement can be attributed to several factors: a significant whale transaction involving the unstaking and exchange transfer of 50,000 SOL, anticipation around the upcoming Firedancer network upgrade, and positive sentiment following reports of potential spot ETF proposals for SOL before Q4 2025. Additionally, broader market optimism, including increased trading activity and discussions of Solana’s rivalry with Ethereum, has contributed to the bullish momentum.

Currently, Solana is trading at $161.43 with a 24-hour trading volume exceeding $3.2 billion and a market capitalization around $81.6 billion, reflecting strong liquidity and sustained investor interest. The asset has shown a steady upward trend over the past several days, with analysts monitoring resistance at the $165 level and projecting continued volatility as new regulatory measures in South Korea and ongoing ecosystem developments unfold.