SOL Token Surges 4% as Block Capacity Grows, $8.8M Inflows, and New Products Drive Momentum

Solana (SOLUSDT) experienced a 4.07% price increase over the past 24 hours, rising from a 24h open of $162.63 to a current price of $169.25 on Binance. This upward movement is attributed to several positive developments, including Solana’s 20% increase in blockchain block capacity, strong net inflows of $8.8 million into Solana investment products as reported by CoinShares, and the launch of new products such as the Solana-supported desktop wallet by Binance and the shipping of Solana Mobile’s second-generation "Seeker" phone. Additionally, the acquisition of Solsniper by Phantom and a surge in Solana-based meme coin activity have contributed to heightened market interest. Despite recent market-wide liquidations, Solana’s DEX trading volume remains robust, and derivatives data indicates a shift toward bullish sentiment. The 24-hour trading volume on Binance is approximately $4.87 billion, reflecting strong market participation and solidifying Solana’s position as a leading cryptocurrency.