SOL Token Surges 2.7% as Institutional Inflows, ETF Launch, and Ecosystem Growth Drive Momentum

Solana (SOLUSDT) has experienced a 2.71% price increase over the past 24 hours, rising from a 24h open of $163.62 to a current price of $168.05 on Binance. This upward movement is primarily attributed to positive institutional sentiment, highlighted by nearly $9 million in recent inflows, and significant ecosystem developments such as Bit Mining launching a validator node and the global rollout of Solana Mobile's Seeker device. Additional momentum was provided by the launch of the first U.S. ETF with Solana exposure and increased wallet activity, as well as Kraken enabling tokenized U.S. equities on the Solana blockchain. Despite recent volatility, with prices fluctuating between $160.36 and $169.88 and a trading volume of approximately $3.99 billion, Solana maintains a strong market position with a market capitalization near $90.64 billion and a circulating supply of about 538.53 million SOL.