SOL Token Surges 4.35% to $164 After First U.S. Spot ETF Launch and SEC Approval Shift

Solana (SOLUSDT) has experienced a notable price increase over the past 24 hours, rising 4.35% to $164.21 on Binance, with the rally largely attributed to heightened optimism following the launch of the first U.S. Solana spot ETF (REX-Osprey SSK) on July 1, 2025, and the SEC’s introduction of streamlined ETF approval guidelines. Additional positive sentiment stems from Solana’s strong technical recovery above key resistance levels, increased network activity, and the growing dominance of Solana-based memecoins such as LetsBonk.

Currently, SOLUSDT is trading at $164.21 with a 24-hour trading volume of approximately $5.15 billion and a market capitalization near $85.08 billion, reflecting robust market activity and sustained investor interest amid recent ecosystem and regulatory developments.