SOL Token Surges 2% Amid ETF Buzz, Institutional Inflows, and Liquid Staking Innovations

Solana (SOL) has experienced a 2.09% price increase over the past 24 hours, with the SOLUSDT pair currently trading at $181.60 on Binance, up from a 24-hour open of $177.89. This recent price movement is primarily attributed to heightened market interest following discussions around a potential spot ETF for Solana, strong institutional inflows into the REX-Osprey SOL + Staking ETF, and the launch of new liquid staking products such as LsSOL by Liquid Collective. Additional factors include significant short liquidations after a price surge earlier in the week and increased activity in tokenized assets on the Solana blockchain.

Market activity remains robust, with 24-hour trading volumes between $5.58 billion and $6.06 billion and a market capitalization near $98 billion, ranking Solana as the sixth largest cryptocurrency. The circulating supply is approximately 538 to 540 million SOL. Overall, recent developments and institutional engagement have contributed to positive momentum and increased trading activity for SOL.