SOL Token Surges 3.24% to $199 as Upexi Acquisition, Golden Cross, and Meme Coin Momentum Drive Rally

Solana (SOLUSDT) experienced a notable price increase over the past 24 hours, rising 3.24% to $199.18 on Binance. The recent price surge is attributed to several factors, including Upexi’s acquisition of an additional 100,000 SOL, bringing its total holdings to 1,818,809 SOL, as well as heightened developer activity and strong momentum from Solana-based meme coins. Technical indicators such as a "Golden Cross" and record-high open interest have also contributed to bullish sentiment, while the asset’s breakout above the $185 resistance level triggered significant short liquidations.

Currently, Solana is trading near $199.18 with a 24-hour trading volume of $1.68 billion on Binance, a market capitalization between $105.25 billion and $108.47 billion, and a circulating supply of approximately 538–540 million SOL, ranking it among the top five cryptocurrencies by market cap.