SOL Token Surges 4.22% as Institutional Inflows, Staking Support, and ETF Hopes Drive Momentum

Solana (SOL) experienced a 4.22% price increase over the past 24 hours, rising from a 24h open of $150.54 to a current price of $156.90 on Binance. This upward movement is primarily attributed to positive developments such as Binance adding SOL to its supported tokens for Soft Staking, strong institutional inflows totaling $21.6 million into Solana investment products, and optimism surrounding multiple spot Solana ETF filings with the U.S. SEC, which has requested issuers to amend and resubmit applications by the end of July. Additional support comes from robust network activity, including leading weekly active addresses, a surge in DEX volumes to $64 billion, and notable corporate acquisitions of SOL. In the last 24 hours, Solana's trading volume ranged from $4.64 billion to $5.1 billion, with the price fluctuating between $150 and $157, reflecting heightened market interest and activity.