SOL Token Surges 8.64% as $85M Outflows and DeFi Recognition Drive Market Momentum

Solana (SOLUSDT) experienced an 8.64% price increase over the past 24 hours, rising from 183.65 to 199.52 USDT on Binance. This surge is attributed to several factors, including significant outflows of SOL from exchanges (over $85 million), indicating reduced selling pressure as traders move assets to private wallets, and positive sentiment from Solana’s inclusion in Binance’s DeFi grading report. Technical indicators such as a bullish MACD and RSI readings suggest continued upward momentum, while increased activity in Solana’s ecosystem, including memecoin launchpads and the upcoming Solana Name Service (SNS) Dots rewards, have further supported demand.

Currently, SOL is trading near $199.52 with a 24-hour trading volume exceeding $14 billion and a market capitalization around $106–108 billion, reflecting strong market interest and positioning Solana among the top cryptocurrencies by size.