SOL Token Surges 2.1% as Institutional Inflows, ETF Growth, and Liquid Staking Drive Momentum

Solana (SOLUSDT) has experienced a 2.10% price increase over the past 24 hours, with the current price at $179.56 on Binance, up from a 24h open of $175.86. This upward movement is primarily attributed to strong institutional interest, highlighted by significant net inflows into the REX-Osprey SOL spot ETF and the launch of LsSOL, a liquid staking token backed by major industry players. Additional momentum comes from Solana’s robust ecosystem growth, including a surge in decentralized exchange trading volumes and the expansion of tokenized assets on the network. Technical factors, such as the breakout from long-term bullish chart patterns, have further supported positive sentiment and contributed to recent liquidations of short positions.

In the last 24 hours, SOLUSDT traded between $173.82 and $183.29, with a reported trading volume ranging from $201.96 million to $783.63 million and a market capitalization near $97 billion. The asset continues to show strong activity and resilience amid volatile market conditions.