SOL Token Surges 4.63% as US Crypto Legislation Vote and Staking ETF Fuel Investor Optimism

Solana (SOLUSDT) experienced a 4.63% price increase over the last 24 hours, with the current price at $169.97 on Binance. This upward movement is primarily attributed to positive market sentiment following a procedural vote on major US crypto legislation, which influenced both crypto-linked stocks and overall market activity. Additional drivers include increased institutional interest, such as the launch of a liquid staking token and the debut of a Solana staking ETF in the US, as well as a notable surge in trading volume. In the past 24 hours, Solana's price ranged from $162.45 to $169.97, with trading activity and market capitalization both showing strong gains, reflecting heightened investor interest and optimism in the broader cryptocurrency market.