SOL Token Surges 4.37% as $6.4M ETF Flows and Major DeFi Moves Boost Momentum

Solana (SOLUSDT) has seen a 4.37% price increase over the past 24 hours, rising from a 24h open of $177.17 to a current price of $184.92 on Binance. This positive movement is primarily attributed to heightened institutional interest, including significant ETF flows totaling $6.4 million between August 8 and 9, the launch of Solana-focused investment products, and notable ecosystem developments such as Binance Labs' investment in Solayer and the minting of 250 million USDC on the Solana blockchain. The asset’s market capitalization is approximately $99 billion, with a 24-hour trading volume near $5.8 billion, reflecting steady momentum and increased activity driven by institutional adoption and expanding DeFi utility.