SOL Token Surges Amid $66M Liquidations, ETF Delay, and Record Institutional Inflows

Solana (SOLUSDT) experienced notable volatility in the past 24 hours, primarily driven by $66 million in liquidations following the release of US inflation data and the US SEC's decision to postpone its review of Solana ETF proposals to October 16, 2025. Despite the initial bearish sentiment from the ETF delay and market pullback, Solana saw strong perpetual futures trading volume, surpassing Ethereum for the first time, and reported significant institutional inflows, with the Solana ETF SSK (REX-Osprey) receiving $7.4 million in a single day. The number of wallets holding over 10,000 SOL reached a new all-time high, indicating growing investor interest.

Currently, the SOLUSDT price on Binance is $188.62, up 2.21% from the 24h open of $184.54, with a 24-hour trading volume around $6.5 billion and a market capitalization near $101–102 billion, ranking #6 by market cap. The price fluctuated between $183.76 and $191.75 over the last day, reflecting ongoing market sensitivity to macroeconomic data and regulatory developments.