SOL Token Surges 3.86% as Staking ETF, BNSOL Launch, and $3B Volume Drive Institutional Demand

Solana (SOL) has experienced a 3.86% price increase over the past 24 hours, with the SOLUSDT pair on Binance currently trading at $156.72 after opening at $150.89. The recent price surge is attributed to several key developments: the announcement of a Solana Staking ETF in the United States, which has boosted institutional interest; the listing of BNSOL, a liquid staking token for SOL, providing additional utility and staking options; and record-high CME futures trading volume, signaling heightened activity from institutional investors. These factors, combined with strong DeFi and NFT ecosystem growth and a stablecoin market cap reaching $13 billion, have contributed to renewed positive sentiment and increased demand for SOL. The market remains highly active, with 24-hour trading volume exceeding $3 billion and SOL maintaining its position as the sixth-largest cryptocurrency by market capitalization, reflecting robust liquidity and ongoing ecosystem expansion.