SOL Token Surges 3.37% as U.S. ETF Launch and $591M Institutional Holdings Drive Momentum

Solana (SOLUSDT) has risen by 3.37% in the last 24 hours, currently trading at $184.42 on Binance, with a 24-hour open of $178.40. The price increase is primarily attributed to strong institutional interest, including over $591 million in holdings by publicly traded companies and significant investments in SOL ETFs, notably the launch of the first U.S. ETF with Solana exposure and staking rewards. Additional bullish momentum is supported by record-high wallet activity and robust trading volume, which reached $5.66 billion in the past day. Solana’s market capitalization stands at approximately $99.35 billion, ranking it sixth among cryptocurrencies, with a circulating supply of 539.35 million SOL. The asset has shown consistent gains over the past week, driven by heightened institutional participation and positive technical indicators.