SOL Token Surges 4.4% as Upexi’s $7.8M Purchase and Grayscale Endorsement Drive Institutional Momentum

Solana (SOL) is currently trading at $146.67, reflecting a 4.42% increase over the last 24 hours from a 24h open of $140.46 on Binance. The recent price uptick is primarily attributed to significant institutional activity, including Upexi’s $7.8 million SOL purchase and plans to tokenize shares on the Solana blockchain, as well as Grayscale’s inclusion of SOL in its top 20 token picks for Q3 2025. Additionally, a large transfer of 150,000 SOL by a market maker to an exchange and a rising put/call ratio in the options market indicate increased hedging and trading activity. Despite a broader trend of profit-taking and recent volatility, Solana maintains strong on-chain activity, growing DEX volumes, and notable institutional interest, supporting its position as the sixth-largest cryptocurrency by market cap. The current market environment is characterized by cautious optimism, with technical analysts watching for further momentum shifts following this rebound.