SOL Token Climbs 2.2% as ETF Filings and Solaxy Layer 2 Fuel $4.8B Trading Surge

Solana (SOL) experienced a 2.20% price increase over the past 24 hours, with the current price at $146.14 on Binance, up from a 24h open of $143.00. This price movement is primarily attributed to heightened institutional interest following the filing of Solana ETF applications by major asset managers and positive sentiment surrounding the upcoming Solaxy Layer 2 project, which has raised over $47 million in its presale. Additionally, broader market volatility triggered by geopolitical tensions in the Middle East contributed to increased trading activity and liquidations across the crypto sector. Solana maintains strong market activity with a 24-hour trading volume near $4.8 billion and a market capitalization of approximately $77.5 billion, ranking #6 by market cap.