SOL Token Jumps 2.8% as U.S. ETF Launch, Kraken Integration, and Web3 Smartphone Boost Momentum

Solana (SOLUSDT) has experienced a 2.80% price increase over the last 24 hours, rising from a 24h open of $163.79 to a current price of $168.37 on Binance. This positive movement follows several notable developments, including the launch of the first U.S. ETF offering Solana exposure, Kraken's introduction of tokenized U.S. equities on the Solana blockchain, and the announcement of additional Solana-related ETF products. Despite recent price volatility and a broader weekly downturn attributed to technical resistance and capital rotation toward Ethereum, strong ecosystem fundamentals—such as a 50% surge in application revenues and the global launch of Solana Mobile's new Web3 smartphone—have supported renewed investor interest. The 24-hour trading volume is approximately $4.08 billion, with Solana maintaining a market capitalization near $90.59 billion and a circulating supply of around 538.53 million to 540 million tokens.