SOL Token Surges 6.97% as Sharia Earn Launch and $300M Treasury Drive Record Trading

Solana (SOLUSDT) has experienced a 6.97% price increase over the last 24 hours, rising from 156.46 to 167.36, with trading activity driven by several key developments. The launch of Sharia Earn on Binance, allowing users to stake SOL in a Sharia-compliant structure, and BIT Mining Ltd’s announcement to convert its crypto holdings into SOL and raise $200–$300 million for a SOL treasury strategy, have contributed to positive sentiment. Additional momentum stems from growing optimism around a potential spot Solana ETF approval and increased institutional interest, as seen in record futures trading volumes.

Currently, SOLUSDT is trading at 167.36 with a 24-hour volume exceeding $5.5 billion, reflecting strong investor interest and bullish sentiment. The market capitalization stands at approximately $88 billion, with a circulating supply of about 536 million SOL, and on-chain activity indicates rising engagement and value locked in the Solana ecosystem.