SOL Token Surges 4% on Binance as Institutional Investment and Ecosystem Growth Drive Rebound

Solana (SOL) experienced a 4.08% price increase over the past 24 hours on Binance, rising from $143.74 to $149.60. This positive movement follows a period of increased volatility and recent declines, with the price rebounding despite broader risk-off sentiment driven by higher-than-expected US Core PCE inflation and geopolitical tensions. The uptick can be attributed to renewed institutional interest, highlighted by Upexi's $7.8 million SOL acquisition, and improving technical indicators such as the anticipation of a golden cross breakout. Additionally, ecosystem developments like BAY Miner's upgraded support for SOL cloud mining and bullish long-term analyst forecasts have contributed to renewed optimism among traders.

Currently, Solana maintains a market capitalization of approximately $75.9–$76.6 billion and a circulating supply near 534.45 million SOL. While short-term sentiment remains cautious due to recent long liquidations and negative funding rates, Solana’s strong fundamentals and ongoing institutional and technological developments continue to position it as a leading asset in the cryptocurrency market.