SOL Token Surges 2.15% as Q2 Revenue Hits $271M and ETF Interest Grows

Solana (SOLUSDT) has seen a price increase of 2.15% over the last 24 hours, currently trading at $157.21 on Binance, up from a 24h open of $153.90. The recent price surge is primarily attributed to strong network fundamentals, including Solana’s Q2 2025 network revenue exceeding $271 million and ongoing interest in potential Solana ETF approvals, as highlighted by Bloomberg analysts. Increased trading activity, with a 27.70% rise in 24-hour volume and heightened investor interest, has also contributed to the upward movement. Technical factors, such as SOL breaking above key resistance levels at $150 and $155 and forming a bullish trend line with support at $155, have further supported the positive price action. However, the asset is currently facing resistance near the $160 mark, and market participants are monitoring whether retail demand can sustain momentum amid mixed sentiment and broader market outflows.

Solana’s market capitalization stands at approximately $84.62 billion, with a circulating supply of around 540 million SOL and a 24-hour trading volume between $4.78 billion and $5.92 billion. The asset remains a top performer by network revenue and transaction throughput, while recent user activity shows strong buying interest, with 96% of platform users accumulating SOL in the past day.