SOL Token Surges 3.24% as Binance Earn Plan, US Stablecoin Law, and ETFs Drive Momentum

Solana (SOLUSDT) experienced a 3.24% price increase over the past 24 hours, with the current price at $178.42 on Binance. The upward movement is attributed to several positive developments, including the introduction of a limited-time SOL Flexible Earn plan on Binance, new stablecoin legislation in the US ("Genius Act"), and the launch of leveraged Solana ETFs by ProShares. Additional support comes from infrastructure advancements, such as Pipe Network enabling full Solana data archive hosting, which enhances network scalability and accessibility. Despite a recent decline in active Solana wallets and the scheduled liquidation of 37 million SOL this month, strong market activity and renewed investor interest have contributed to the price rebound from key support zones. Solana maintains a market capitalization of approximately $95–96 billion, with a 24-hour trading volume around $9.14 billion, reflecting robust trading activity and continued investor engagement.