SOL Token Surges 10% as Institutional Inflows and DeFi TVL Hit $10B Milestone

Solana (SOLUSDT) has surged over 10% in the past 24 hours, with the price rising from 183.42 to 201.83, driven primarily by increased institutional and corporate interest, including significant acquisitions by Nasdaq-listed firms DeFi Development and Upexi, as well as notable inflows into the REX-Osprey SOL ETF. Additional momentum came from Solana’s DeFi Total Value Locked reaching a six-month high of $10 billion and positive sentiment following an advisor’s move to Elon Musk’s X platform, which contributed to a 7% rally.

Currently, SOLUSDT is trading at 201.83 with a 24-hour price change of 10.04%, reflecting robust trading activity and strong investor confidence, as evidenced by high trading volumes and a market capitalization exceeding $108 billion.