SOL Token Surges 2.67% as ETF Optimism and Strong Trading Volume Fuel Market Momentum

Solana (SOL) has experienced a 2.67% price increase over the past 24 hours, currently trading at $150.97 according to Binance. This positive price movement is primarily attributed to heightened optimism surrounding the potential approval of a spot SOL ETF, with the SEC recently confirming no further comments on the REX-Osprey SOL+Staking ETF filing. Additional bullish sentiment has been driven by increased trading volumes, robust on-chain activity in DeFi and NFTs, and a series of new ETF applications, including from Invesco Galaxy. Over the last 24 hours, SOL’s trading volume remains strong, and the asset has shown renewed short-term momentum after a period of volatility and a recent monthly decline. As of June 29, 2025, Solana’s market capitalization is approximately $81 billion, with a circulating supply of 534.48 million SOL and a 24-hour trading volume between $2.97 billion and $3.61 billion.