SOL Token Surges 12.6% as Whale Transfers, Hong Kong Approval, and Blue Origin Drive Momentum

Solana (SOLUSDT) has experienced a notable price increase of 12.60% over the past 24 hours, rising from a 24h open of $176.15 to a current price of $198.35 on Binance. This surge is attributed to several key developments: significant whale activity with a transfer of 37,658 SOL, Solana’s approval for retail trading in Hong Kong, and Blue Origin’s announcement to accept Solana for payments. Additionally, growing institutional interest, with publicly traded companies holding over $591 million in SOL, and anticipation for a U.S.-based ETF with Solana exposure have contributed to heightened market activity and positive sentiment. The 24-hour trading volume has reached between $8.18 billion and $9.63 billion, reflecting strong investor engagement and volatility, while Solana’s market capitalization now stands between $103.28 billion and $106.16 billion, supported by a circulating supply of approximately 540 million SOL tokens.