SOL Token Surges 5.64% as Institutional Inflows and New Staking Products Drive Demand

Solana (SOL/USDT) has risen 5.64% in the past 24 hours, with the current price at 190.79 USDT on Binance, up from a 24-hour open of 180.61. The price increase is primarily attributed to heightened institutional interest, including significant net inflows into Solana-based ETFs such as the REX-Osprey SOL ETF, and the launch of new staking products like Liquid Collective’s LsSOL, which is supported by major industry players. Additional factors include Binance’s introduction of Soft Staking for SOL, offering daily rewards and boosted APRs, which has likely contributed to increased demand and trading activity. The market remains bullish, supported by a 24-hour trading volume of approximately 797.64 million USDT on Binance and a broader positive sentiment, as Solana’s market capitalization climbs to around $102.01 billion and the asset continues to attract strong buyer interest.