SOL Surges 3% as Network Growth and AppKit Launch Spark Renewed Market Interest

Solana (SOL) is currently trading at $159.37 on Binance, up 3.11% over the past 24 hours with a 24-hour open of $154.57 and a trading volume of approximately $3.54 billion. The recent price increase follows a period of heightened volatility and a broader downtrend that began in late May, with SOL defending key support near $150 and experiencing strong market activity.

The positive movement in the last 24 hours can be attributed to a combination of factors: ongoing strong network growth as evidenced by a rising number of wallet addresses, robust trading volumes, and continued ecosystem development such as the recent launch of the Solana AppKit for mobile app development. Despite technical resistance and cautious sentiment, these developments, along with active trading events like the Binance 'Trade With COS Terminal' challenge featuring SOLUSDT, have contributed to renewed buying interest and short-term price recovery.