SOL Token Surges 2.18% as Spot ETF Progress and Ecosystem Growth Drive Market Momentum

Solana (SOL) has experienced a 2.18% price increase over the past 24 hours, rising from a 24h open of $143.76 to $146.89, according to Binance data. This upward movement is primarily attributed to positive developments regarding spot Solana ETF applications, with U.S. regulators progressing on approvals and major asset managers submitting amended filings. Additional momentum stems from robust ecosystem growth, including record stablecoin supply and the successful presale of the Solaxy Layer 2 solution, as well as bullish technical indicators and increased market confidence. Currently, Solana ranks as the 6th largest cryptocurrency by market capitalization, with a 24-hour trading volume of approximately $4.8 billion, reflecting strong liquidity and sustained investor interest.