SOL Surges 4.45% as REX-Osprey ETF Launch and $100M Investment Drive Trading Volume

Solana (SOL) experienced a 4.45% price increase over the last 24 hours, rising from a 24h open of $149.34 to a current price of $155.98 on Binance. This upward movement is primarily attributed to the launch of the REX-Osprey Solana ETF, the first U.S.-based staking-enabled ETF for Solana, which generated significant trading interest and initial volume. Additional factors influencing market sentiment include Binance's introduction of new staking options for SOL and DeFi Development Corp.'s announcement of a $100 million capital raise to increase SOL holdings. Notable whale activity and ongoing discussions about institutional demand and network fundamentals have also contributed to heightened volatility and trading volume.

Currently, SOL is trading at $155.98 with a 24-hour trading volume of approximately $4.11 billion, reflecting strong market activity and a period of active price discovery.