SOL Token Surges 2.64% as U.S. Solana Staking ETF Launch Draws $12M Inflows and DeFi Booms

Solana (SOLUSDT) has experienced a 2.64% price increase over the last 24 hours, with the current price on Binance at $151.24, up from a 24h open of $147.35. This positive movement is primarily attributed to heightened institutional interest following the launch of the first U.S. Solana staking ETF by Rex-Osprey, which attracted $12 million in first-day inflows and significant trading volume. Additional contributing factors include robust growth in Solana’s decentralized finance (DeFi) sector, as evidenced by a surge in total value locked to $8.61 billion and increased user engagement, as well as strategic partnerships such as Minna Bank’s pilot of a yen-pegged stablecoin on the Solana network. Market activity remains strong, with 24-hour trading volumes ranging from $1.54 billion to $4.71 billion and a market capitalization between $78.71 billion and $82.74 billion, reflecting Solana’s position as a leading cryptocurrency.