SOL Token Surges 2.35% as Institutional Demand Grows and ETF Hopes Drive Record Futures Interest

SOLUSDT has risen by 2.35% over the past 24 hours, trading at $178.34 on Binance. The recent price increase is primarily attributed to heightened institutional interest, anticipation of a potential spot Solana ETF approval in the U.S., and record-high open interest in SOL futures. Additional contributing factors include the launch of Shariah-compliant Earn and Soft Staking products for SOL, which have enhanced user engagement and capital inflows, as well as a steady climb in Solana’s total value locked (TVL) and increased adoption of liquid staking solutions.

Currently, Solana maintains a strong market position with a 24-hour trading volume of $8.72 billion, a market capitalization of $96.65 billion, and a circulating supply of approximately 537.80 million SOL. The asset has shown notable volatility, with a 24-hour price range between $174.24 and $184.67, and continues to attract significant attention from both institutional and retail investors.