SOL Token Surges 9.79% as Institutional Demand and $7.83B Volume Drive Market Leadership

Solana (SOLUSDT) has surged 9.79% in the past 24 hours, currently trading at $191.82. The price increase is primarily attributed to strong institutional interest, highlighted by large withdrawals totaling 162,000 SOL from exchanges, the rapid success of Solana-based applications like Axiom Exchange, and positive developments such as Arthur Hayes joining Upexi’s advisory committee. Additional momentum comes from increased futures open interest and expanded retail access in Hong Kong. The market has seen elevated trading volume, with approximately $7.83 billion exchanged in the last day, and Solana’s market capitalization now stands at about $103.21 billion, reflecting robust investor confidence and outperforming broader crypto market trends.