SOL Token Surges 2.69% Amid ETF Anticipation and $8B DeFi Milestone Despite Activity Dip

Solana (SOLUSDT) experienced a 2.69% price increase over the last 24 hours, with the current price at $185.97 on Binance. This upward movement is attributed to renewed market activity following significant profit-taking by long-term holders, as well as anticipation surrounding the SEC’s delayed decision on the Solana spot ETF, now set for review in October. Despite a recent 16% decrease in daily active addresses and an 8% decline in DeFi total value locked, Solana’s ecosystem remains robust, with the DeFi sector reaching a record $8 billion in Q2 2025. The 24-hour trading volume stands at approximately $6.42 billion, and Solana’s market capitalization is around $101.30 billion, ranking it as the sixth largest cryptocurrency.