SOL Token Surges 7% as Spot ETF Progress and $5B Treasury Boost Institutional Momentum

Solana (SOL) has experienced a 7.16% price increase over the last 24 hours, rising from a 24h open of $145.66 to a current price of $156.09 (Binance data). This upward movement follows a period of volatility linked to geopolitical tensions between Iran and Israel, which initially caused a 13% drop, but recent recovery is attributed to renewed institutional interest, particularly the advancement of spot Solana ETF applications that now include staking provisions, and a $5 billion treasury strategy by a Nasdaq-listed Solana firm. Strong on-chain activity, with daily transactions exceeding 80 million and a staking rate of 65.4%, combined with growing DeFi and NFT participation, have further supported the positive momentum. Currently, Solana maintains a market capitalization above $80 billion, ranks #6 globally, and has seen over $3.5 billion in trading volume in the past 24 hours, reflecting robust market engagement and ongoing ecosystem growth.