SOL Token Surges 2% as Staking ETFs, Institutional Moves, and USDC Minting Drive Momentum

Solana (SOLUSDT) has seen a 2.05% price increase over the past 24 hours, currently trading at $191.64 on Binance. This upward movement is attributed to several positive developments, including the approval and launch of Solana staking ETFs, increased institutional activity such as Alameda Research unstaking $35 million in SOL, and the USDC Treasury minting 250 million USDC on the Solana blockchain. Additionally, OSL HK’s approval to offer Solana trading to retail investors in Hong Kong and strong ecosystem growth have contributed to heightened market interest. Despite recent volatility and a sharp reversal from the $198 resistance level, SOLUSDT remains supported above key levels, with trading volume reaching $3.52 billion and market capitalization around $103 billion. The asset continues to rank as the sixth-largest cryptocurrency, with analysts closely watching support zones for potential further movement.