SOL Token Surges 3.81% as U.S. Spot ETF Launch and Record Trading Volume Drive Momentum

Solana (SOLUSDT) has experienced a 3.81% price increase over the last 24 hours on Binance, rising from an open of 158.65 to 164.69. This upward movement is primarily attributed to heightened optimism surrounding Solana ETF developments, including the launch of the first U.S. Solana spot ETF (REX-Osprey SSK) and recent filings for additional Solana ETFs with the SEC, as well as new SEC disclosure guidelines and a streamlined ETF approval process. Additional bullish sentiment has been driven by Binance’s ongoing SOL-related promotions, increased leveraged long positions, and a surge in trading activity, with 24-hour volume on Binance reaching $4.76 billion and a significant 94.40% increase reported across major exchanges. Solana’s market capitalization stands between $84.46 billion and $86.02 billion, with the asset showing strong momentum amid record wallet growth and broader positive regulatory developments in the cryptocurrency sector.