SOL Token Surges 4.17% as Institutional Investment and ETF Hopes Drive $6.85B Trading Volume

Solana (SOLUSDT) has experienced a 4.17% price increase over the last 24 hours, currently trading at $163.83 on Binance. The upward movement is primarily attributed to renewed institutional interest, including DeFi Development Corp.'s recent acquisition of 153,225 SOL (valued at approximately $24.13 million), and heightened market optimism surrounding the potential approval of a spot Solana ETF, which has driven bullish sentiment and increased trading activity. Additional factors contributing to the positive momentum include Binance’s Sharia Earn product launch featuring SOL, Solana’s integration with Moody’s on-chain credit ratings, and a surge in trading volumes linked to Binance’s 8th anniversary promotions and other ecosystem developments.

In the last 24 hours, SOLUSDT has seen a 24h open of $157.27, a high of $166.56, a low of $156.05, and a trading volume of approximately $6.85 billion, reflecting strong investor interest and solidifying Solana’s position among the top cryptocurrencies by market capitalization.