SOL Token Rallies 2.53% Amid ETF Anticipation and Surging Institutional Interest

Solana (SOLUSDT) has experienced a 2.53% price increase over the past 24 hours, rising from a 24h open of $144.23 to a current price of $147.88 on Binance. This upward movement follows a period of heightened volatility across the broader crypto market, which saw over $1 billion in liquidations and significant price swings impacting major assets, including SOL. The recent price rebound is primarily attributed to renewed institutional interest, anticipation around potential approval of spot Solana ETFs by U.S. regulators, and ongoing ecosystem developments such as increased developer activity and advancements in DeFi and cross-chain technology. Trading volume remains elevated, reflecting sustained market engagement, while Solana’s market cap stands at approximately $76.90 billion. Despite recent declines from mid-May highs, the asset is showing signs of recovery amid positive sentiment and regulatory optimism. No Binance-specific events have been reported in relation to SOLUSDT.