SOL Token Surges 9% as Binance Soft Staking, Institutional Inflows, and U.S. Legislation Drive Momentum

Solana (SOLUSDT) has experienced a notable price increase of 9.13% over the past 24 hours, with the current price at $196.54 according to Binance. This upward movement is primarily attributed to heightened bullish sentiment following the introduction of Binance's Soft Staking feature for SOL, increased institutional investment in the Solana ecosystem, and broader positive developments in the cryptocurrency market, including the passage of the "GENIUS Act" in the United States which is seen as a step toward regulatory clarity for stablecoins. Additionally, Solana's market capitalization remains strong at approximately $105.84 billion, with a 24-hour trading volume reported between $11.41 billion and $25.85 billion, reflecting significant trading activity and sustained investor interest.