SOL Token Surges 2.23% as ETF Inflows and Record TVL Drive $95B Market Cap

Solana (SOLUSDT) has experienced a 2.23% price increase over the last 24 hours, currently trading at $177.20 on Binance. The recent price surge is primarily attributed to strong institutional interest, including significant ETF inflows, new ETF product launches, and positive regulatory developments. Additional factors supporting the upward movement include robust on-chain data, such as a 10% reduction in SOL held on exchanges and a three-year high in Total Value Locked (TVL) on the Solana network, indicating increased user engagement and reduced selling pressure. Despite some selling pressure following recent U.S. tariff announcements, overall market sentiment remains bullish, with both large-scale and retail investors accumulating SOL. Solana maintains a live market capitalization of approximately $95.16 billion and a 24-hour trading volume of $6.41 billion, reflecting continued strong interest and activity in the asset.