SOL Token Surges 2.54% as U.S. ETF Launch and Futures Volume Drive Market Momentum

Solana (SOLUSDT) experienced a 2.54% price increase over the last 24 hours, rising from a 24h open of $184.31 to a current price of $189.00 on Binance. This upward movement is attributed to heightened derivatives market activity, as Solana futures trading volume recently surpassed Ethereum, indicating increased trader interest. Additional support for the price comes from the launch of the first U.S. ETF with Solana exposure and staking rewards, which has contributed to positive sentiment and robust trading volume, reported between $4.53 billion and $5.41 billion USD. Solana maintains its position as the sixth-largest cryptocurrency by market capitalization, with the price consolidating near key support levels and traders closely watching the $200 resistance for a potential breakout.