SOL Token Surges 7.56% as Fiserv Stablecoin Launch and ETF Hopes Boost Trading Activity

Solana (SOLUSDT) experienced a 7.56% price increase over the last 24 hours, rising from a 24h open of $133.14 to $143.20 on Binance. This upward movement is primarily attributed to renewed investor confidence following successful defense of key support levels near $124–$140, as well as positive sentiment driven by Fiserv’s announcement of a new Solana-based stablecoin (FIUSD) and ongoing institutional interest, including ETF proposal reviews for Solana and Ethereum. Additional market activity was influenced by heightened geopolitical tensions after U.S. airstrikes on Iranian nuclear sites and the Federal Reserve maintaining high interest rates, which led to a net outflow of $33.27 million in spot markets but also spurred volatility and trading opportunities. Currently, Solana trades at $143.20 with a 24-hour trading volume of $5.73 billion and a market capitalization of $76.96 billion, showing strong trading activity and a cautiously bullish outlook as the asset tests resistance levels near $147–$151.