SOL Token Surges 4.64% as Whale Moves, Nasdaq Interest, and Firedancer Upgrade Drive Momentum

Solana (SOL) has risen 4.64% over the past 24 hours, with the price moving from a 24h open of $152.29 to $159.35 on Binance. This upward movement is attributed to a combination of factors: a significant whale transaction involving the unstaking and transfer of 50,000 SOL to Binance, heightened institutional interest following Nasdaq's proposal to include Solana in its digital asset benchmark index (potentially enabling ETF investment), and strong on-chain activity with retail wallet participation reaching record highs. Additional drivers include anticipation around the upcoming Firedancer network upgrade, excitement over the Solaxy (SOLX) ICO, and increased speculative activity in Solana-based meme coins. Current market data shows robust trading volume and Solana maintaining its position as a top-6 cryptocurrency by market capitalization, reflecting sustained liquidity and broad engagement from both retail and institutional participants.