SOL Token Surges 4.38% as Institutional Inflows, Staking Innovations, and DEX Volumes Drive Momentum

SOLUSDT has experienced a 4.38% price increase over the past 24 hours, with the current price at $173.62 on Binance, opening at $166.34. This upward movement is primarily attributed to a surge in institutional interest, particularly following the launch of a liquid staking token by Liquid Collective in partnership with major industry players, as well as strong inflows into Solana-based staking products and ETFs. Additional positive sentiment stems from Solana's recent technical resilience above key support levels, record DEX trading volumes, and the ecosystem surpassing $4 billion in total deposits. The market has also responded to enhanced security measures, such as support for new-generation hardware wallets, and the introduction of soft staking rewards on Binance. Overall, SOLUSDT has seen robust trading activity, with a significant increase in both price and volume, reflecting strong market confidence and positioning Solana among the top cryptocurrencies by market capitalization.