SOL Token Surges 2% as U.S. ETF Launch and $6.4B Volume Drive Institutional Momentum

Solana (SOLUSDT) has experienced a 2.04% price increase over the past 24 hours, with the current price at 184.77 USDT on Binance. This upward movement is primarily attributed to heightened institutional interest, as evidenced by significant unstaking activity and large deposits to Coinbase Prime, alongside Binance's promotion of staking and passive earning opportunities. Additional momentum has been driven by the launch of the first U.S. ETF with Solana exposure and staking rewards, as well as strong technical indicators and increased trading volume, which reached approximately $6.43 billion. Solana's market capitalization stands near $100 billion, reflecting robust market activity and positive sentiment as the asset tests key resistance levels around $185.