SOL Token Surges 3.19% as U.S. ETF Launch and Record Network Activity Drive $7B Volume

Solana (SOLUSDT) has experienced a 3.19% price increase over the past 24 hours, currently trading at $193.36 on Binance. The price change is primarily attributed to heightened institutional interest, including DeFi Development Corp.'s increased holdings and the launch of the first U.S. ETF with Solana exposure and staking rewards, as well as record network activity and user engagement. Additional support comes from platform developments such as OSL HK enabling retail trading and the USDC Treasury minting 250 million USDC on Solana, which have contributed to strong trading volume and positive sentiment. The 24-hour trading volume remains robust, ranging from $3.69 billion to $7.01 billion, with Solana’s market capitalization estimated at approximately $103–104 billion and a circulating supply of about 540 million SOL tokens.