SOL Token Surges 5.4% as $11M Shorts Liquidated and $39.1M Institutional Inflows Boost Momentum

SOLUSDT has experienced a notable price increase of 5.40% over the last 24 hours, with the current price at 191.63 USDT. The primary drivers of this upward movement include a significant short squeeze, which led to the liquidation of over $11 million in short positions, and strong institutional inflows, as evidenced by $39.1 million in capital entering Solana investment products in the past week. Additional contributing factors are heightened trading activity following the launch of SOL futures on CME and robust network fundamentals, such as a surge in decentralized exchange volume and increased total value locked on the Solana blockchain.

The market has seen strong trading volume, with SOLUSDT trading between 181.82 and 191.63 USDT in the past 24 hours and a total volume reaching up to $290.88 million USDT, reflecting sustained investor interest and active price discovery.