SOL Token Surges 3% as Binance Anniversary, Robinhood Staking, and $300M Bit Mining Boost Demand

Solana (SOLUSDT) has experienced a 3.09% price increase over the past 24 hours, with the current price at $161.81 on Binance, opening at $156.96. The recent price movement is attributed to several factors, including heightened trading activity around Binance’s 8th anniversary event, which features rewards and trading fee discounts for SOLUSDT traders, and the introduction of Sharia Earn, a compliant multi-token staking product featuring SOL. Additional positive sentiment stems from Robinhood launching SOL staking in the US and Bullish integrating Solana’s stablecoin into its systems in partnership with the Solana Foundation. Bit Mining's announcement to transition to Solana and raise $300 million for its treasury has also contributed to increased market interest. Despite some short-term volatility and resistance near $159, strong trading volume and renewed retail demand have supported the upward momentum.

SOLUSDT is currently trading at $161.81 on Binance, with a 24-hour trading range between $156.96 and $161.81, and robust trading volume reflecting sustained market attention.