SOL Token Surges 4.54% as U.S. ETF Launch, Hong Kong Approval, and $25M BONK Boost Drive Momentum

Solana (SOLUSDT) has experienced a notable price increase of 4.54% over the past 24 hours, with the current price at $208.00 on Binance. This upward movement is primarily attributed to several positive developments, including the launch of the first U.S. ETF with Solana exposure and staking rewards, increased wallet activity reaching all-time highs, and significant ecosystem news such as the approval for retail trading in Hong Kong and a $25 million treasury boost for the BONK memecoin. Additional factors include the minting of 250 million USDC on Solana and new tokenization products launched on the network. The market remains highly active, with 24-hour trading volume exceeding $11.7 billion and Solana ranked #6 by market capitalization, currently valued at approximately $111.5 billion.