SOL Token Surges 5.91% on ETF Hopes, $300M Treasury News, and Robust Ecosystem Growth

Solana (SOLUSDT) has experienced a 5.91% price increase over the past 24 hours, rising from a 24h open of 157.15 to 166.43 on Binance. This upward movement is primarily attributed to heightened optimism around the potential approval of a spot Solana ETF in the U.S., following the SEC’s introduction of a faster approval framework and requests for ETF issuers to refile applications by July 31, 2025. Additional drivers include the launch and strong inflows into new Solana ETF products, increased institutional interest such as Bit Mining's announcement of a $300 million SOL-focused treasury, and surging activity in Solana’s memecoin ecosystem.

Current market data shows SOL trading at 166.43 USDT with robust 24-hour trading volume and a market capitalization near $89 billion, reflecting strong investor interest and significant ecosystem developments.