SOL Token Surges 5% as Institutional Inflows and USDC Minting Drive Solana’s Rally

Solana (SOLUSDT) has surged over the past 24 hours, with the price rising 5.04% to $201.40 on Binance, driven primarily by strong institutional inflows into SOL futures and ETFs, increased on-chain activity, and renewed real-world adoption of the Solana blockchain. The rally is further supported by the recent minting of 250 million USDC on Solana and a 48% rise in transaction counts, while the derivatives market saw a notable spike in trading volume. Despite some mixed signals such as declining DEX volumes and neutral perpetual funding rates, overall sentiment remains bullish as Solana leads a broader altcoin rally and the total cryptocurrency market capitalization reaches new highs. Current market metrics show a 24-hour trading volume of 7.64 million SOL (1.51 billion USDT) on Binance, with Solana’s market capitalization at approximately $108.32 billion and a weekly price increase of over 19%.