SOL Token Surges 2.4% as Solana Labs Ships Seeker Devices and ETF Interest Grows

Solana (SOLUSDT) has experienced a 2.42% price increase over the past 24 hours, with the current price at $167.13 on Binance, opening at $163.18. This upward movement is primarily attributed to positive developments including the commencement of Solana Labs' Seeker mobile device shipments, which has generated significant interest with over 150,000 pre-orders and is expected to expand Solana’s ecosystem. Additionally, institutional momentum has grown, highlighted by multiple asset managers filing for Solana spot ETFs and the recent launch of a U.S. ETF with Solana exposure. On-chain data shows increased long-term holder accumulation and record wallet activity, while derivatives markets reflect a shift to bullish sentiment as funding rates turn positive. In the broader market, Solana maintains active trading with a 24-hour volume near $4 billion and a market capitalization around $88–91 billion, ranking it sixth among cryptocurrencies.