SOL Token Surges 2.42% as Trading Volume Hits $7.5B Amid ETF Speculation and Staking Rewards

SOLUSDT has experienced a 2.42% price increase over the past 24 hours, currently trading at $164.38 on Binance, with a 24-hour open of $160.49. The recent price uptick is attributed to heightened market activity driven by speculation around a potential Solana ETF, increased wallet adoption, and positive sentiment following Binance’s introduction of Shariah Earn and new staking rewards for SOL. Trading volumes have surged significantly, with Binance reporting $7.50 billion in volume, reflecting strong investor interest and bullish sentiment, further supported by 96% of Coinbase users buying SOL. The market capitalization remains robust, with circulating supply estimated between 536 million and 540 million SOL, positioning Solana among the top cryptocurrencies by market value.