SOL Token Surges 6% as Galaxy Digital Invests $55M and Liquid Staking Demand Soars

Solana (SOLUSDT) has experienced a 6.14% price increase over the past 24 hours, rising from a 24h open of $170.83 to a current price of $181.32 on Binance. This upward movement is primarily attributed to growing institutional interest, highlighted by Galaxy Digital's recent $55 million SOL acquisition, and the launch of new liquid staking products such as LsSOL, which are meeting increased demand from institutional investors. Additional drivers include a 27% rise in transaction volume, a 5% increase in active wallets, and significant growth in tokenized assets on the Solana blockchain, reflecting expanding adoption of real-world asset tokenization. Technical factors, such as the breakout above the $159 neckline and completion of an inverse head-and-shoulders pattern, have also contributed to bullish sentiment. Solana currently trades at $181.32 with a 24-hour trading volume exceeding $8.32 billion and a market capitalization of approximately $97.32 billion, maintaining its position among the top cryptocurrencies by market size.