SOL Token Surges 8.76% as Tokenized Asset Volume Hits $550M and OFA Group Commits $100M

Solana (SOLUSDT) has experienced a notable price increase of 8.76% over the past 24 hours, with the current price at $174.83 according to Binance. This upward movement is primarily attributed to strong network fundamentals, including a significant rise in tokenized asset volume on the Solana blockchain, which recently reached $550 million, making it the third-largest blockchain for real-world assets. Additional positive sentiment stems from OFA Group’s announcement of a planned $100 million investment in Solana and other cryptocurrencies, as well as increased investor interest reflected by a 15% surge in open interest for SOL futures contracts. The number of holders of tokenized assets on Solana has also grown sharply, up 684% in the past month. Despite some short-term resistance around the $168–$175 range and broader market volatility following the U.S. House blocking major crypto bills, Solana’s robust network activity and adoption trends have supported its recent price gains.

Currently, Solana is trading at $174.83 with a 24-hour trading volume of approximately $7.89 billion, a market capitalization of $93.51 billion, and a circulating supply of 536,250,466 SOL, reflecting strong market activity and bullish sentiment.