SOL Token Surges 4% as $142M Institutional Inflows and Solana Pay Launch Drive Adoption

Solana (SOL) is trading at $161.31 on Binance, reflecting a 4.01% increase over the last 24 hours with a 24-hour open of $155.09. The recent price surge is primarily attributed to increased institutional interest, including Upexi Inc.’s $100 million raise for Solana acquisitions and DeFi Development Corp’s $42 million treasury initiative, as well as notable SOL inflows to Binance following an unstaking event. Additional momentum stems from positive sentiment around the upcoming FOMC meeting, ongoing U.S.-China talks, and the launch of Solana Pay and VietQR by Bitget Wallet at the Solana APAC Summit 2025, which has bolstered real-world adoption prospects. Trading volume remains robust, and SOL currently ranks #6 by market capitalization, with recent price action showing resistance near $161 and support at $152, indicating ongoing volatility as the market digests recent developments.