SOL Surges 6.6% as Staking Rewards, ETF Progress, and Byreal DEX Fuel Network Momentum

Solana (SOL) experienced a 6.60% price increase over the last 24 hours, rising from a 24h open of $145.85 to a current price of $155.48 on Binance. This upward movement is primarily attributed to several positive developments: the launch of a SOL staking rewards event with a $100,000 prize pool, increased institutional activity following amended S-1 filings for SOL ETFs, and ecosystem growth highlighted by Bybit’s announcement of the upcoming Byreal decentralized exchange on Solana. Technical indicators, including a bullish MACD crossover and a rising RSI of 64.26, confirm strong buying pressure and momentum, further supported by an 18.9% monthly increase in daily active users and robust trading volume of over $4.5 billion. Overall, Solana’s recent price recovery is driven by both network expansion and favorable market sentiment, positioning it as one of the top-performing cryptocurrencies in mid-June 2025.