SOL Token Surges 2.78% as US-Regulated ETF Launch and $40M Staking Fuel Investor Interest

Solana (SOL) has experienced a 2.78% price increase over the past 24 hours, rising from a 24h open of 156.02 USDT to a current price of 160.35 USDT on Binance. This upward movement is primarily attributed to positive developments surrounding Solana ETFs, including the launch of the first US-regulated Solana ETF (SSK ETF), over $40 million allocated to Solana staking ETFs, and recent SEC approvals for crypto ETFs with Solana exposure. Additional momentum comes from Bullish exchange's commitment to the Solana network and technical upgrades such as the Jito Foundation's TipRouter, which are improving network efficiency and staking.

Market activity remains robust, with 24-hour trading volume exceeding $5 billion and the price fluctuating between $153.19 and $161.15 USDT, reflecting strong investor interest and heightened volatility amid ongoing ETF-related news and ecosystem developments.