SOL Token Surges 3.32% as $103M Transfer, ETF Filing, and USDC Minting Boost Momentum

Solana (SOLUSDT) has seen a 3.32% price increase over the past 24 hours, with the current price at $177.63 on Binance. The recent bullish momentum is primarily attributed to favorable regulatory news, including reports of a potential executive order allowing crypto assets in 401(k) plans, increased institutional buying, and speculation about upcoming U.S. interest rate cuts. Additional positive sentiment was driven by a large $103 million SOL transfer to Binance and infrastructure developments such as 21Shares’ revised Solana ETF filing and the minting of 250 million USDC on the Solana network. Trading volume has surged, reaching up to $6.51 billion, and market capitalization remains strong at approximately $95.85 billion, with Solana breaking out of a descending channel but facing resistance near $180.