SOL Token Surges 15% Amid $40M Whale Moves, ETF Launch, and Hong Kong Retail Approval

Solana (SOL) has experienced a significant price increase in the last 24 hours, rising 15.39% to 201.21 USDT on Binance. This surge is primarily attributed to strong institutional interest, increased "whale activity" with over $40 million in SOL flowing to exchanges, and positive regulatory developments such as Hong Kong's approval of retail trading for Solana. Additional momentum was provided by the launch of the first U.S. ETF with Solana exposure and staking rewards, as well as robust technical indicators and high trading volumes. The current market overview shows SOLUSDT trading at 201.21 USDT, with a 24-hour open of 174.37 and trading volume exceeding $12 billion, reflecting heightened investor activity and bullish sentiment.