SOL Token Surges 6% as New Staking Models, ETF Buzz, and Record Trading Volumes Drive Momentum

Solana (SOLUSDT) has experienced a notable price increase of 6.00% over the past 24 hours, rising from a 24h open of 172.19 to a current price of 182.53 on Binance. This upward movement is primarily attributed to heightened market activity driven by several key developments: the launch of new staking models such as btcSOL, which enables users to stake SOL and earn native Bitcoin (zBTC) through a partnership with Marinade Finance; the introduction of institutional-grade staking products like LsSOL by Liquid Collective; and increased speculation around the potential approval of a Solana ETF in the U.S., with the SEC reportedly encouraging issuers to update their filings. Additionally, significant net inflows into the REX-Osprey SOL ETF and robust DEX trading volumes have contributed to positive sentiment.

Currently, Solana is trading at 182.53 USDT with a 24-hour trading volume ranging from $8.3 billion to $19.38 billion and a market capitalization of approximately $98.5 billion, positioning it as the 6th largest cryptocurrency by market cap. The asset has outperformed the broader market in the last day, reflecting strong investor interest and dynamic trading activity.