SOL Token Surges 3.35% on $3.5M Inflows, Bybit DEX Launch Hype, and Memecoin Momentum

Solana (SOL) has experienced a notable price increase over the last 24 hours, rising 3.35% to $157.16 (from a 24h open of $152.07 on Binance), driven by strong net inflows, renewed bullish sentiment, and positive technical developments. Key factors contributing to the price surge include significant on-chain inflows of $3.5 million, the anticipation of Bybit’s Byreal DEX launch on Solana, and heightened activity in the memecoin sector, particularly with projects like Bonk gaining traction. Additionally, ETF speculation and robust derivatives demand have further fueled buyer interest, as reflected in elevated trading volumes and a strong RSI of 64.26. Solana currently ranks #6 by market capitalization, with a 24-hour trading volume exceeding $4.56 billion, highlighting sustained liquidity and market participation.