SOL Token Surges 3.26% as Institutional Inflows and ETF News Drive $3.6B Trading Volume

Solana (SOLUSDT) has experienced a 3.26% price increase in the last 24 hours, rising from a 24h open of 188.70 USDT to a current price of 194.85 USDT on Binance. This upward movement is primarily attributed to strong institutional interest, as evidenced by significant inflows into Solana-focused ETFs and large-scale acquisitions by entities such as DeFi Development Corp. Additionally, robust trading volumes on Solana-based decentralized exchanges and positive sentiment following regulatory developments, including the SEC's extension of the Solana ETF decision deadline, have contributed to heightened market activity. The asset maintains high trading volumes, with over $3.6 billion reported on Binance, and a market capitalization exceeding $104 billion, reflecting continued engagement and confidence in the Solana ecosystem.