SOL Token Surges 4.58% as $367M Institutional Inflows and $4.9B Volume Drive Market Rally

In the past 24 hours, SOLUSDT has risen by 4.58%, opening at 161.40 and currently trading at 168.79 on Binance. This price increase is primarily attributed to significant institutional inflows, with $367 million in SOL acquired by institutional investors over the past week, and heightened wallet activity, including a large transfer of 108,016 SOL to centralized exchanges. These factors, combined with robust trading volume of approximately $4.90 billion and ongoing volatility, have contributed to strong market interest and price movement. Solana’s market capitalization stands near $89.4 billion, with the asset maintaining its position among the top cryptocurrencies by market cap.