SOL Token Surges 4.92% as ETF Filings and Bybit DEX Launch Drive Ecosystem Growth

Solana (SOLUSDT) experienced a 4.92% price increase over the past 24 hours, rising from a 24h open of $149.66 to a current price of $157.02 on Binance. This upward movement is primarily attributed to renewed institutional interest following multiple asset managers submitting or updating applications for spot Solana ETFs with the U.S. SEC, as well as the announcement of Bybit’s upcoming decentralized exchange (DEX) launch on Solana and strong ecosystem growth, including increased developer activity and stablecoin issuance. Technical indicators confirm bullish momentum, with surging trading volume (up 97% to $4.45 billion) and a 4-hour RSI of 64.26, reflecting heightened market participation and positive sentiment. Overall, Solana stands out with robust price recovery, high trading activity, and continued ecosystem expansion, positioning it as a leading altcoin performer in the current market environment.