SOL Token Surges 2.97% as ETF Launch and Whale Activity Drive Market Momentum

Solana (SOL) has experienced a 2.97% price increase over the past 24 hours, rising from 147.61 to 152.00 USDT on Binance. This upward movement is primarily attributed to the launch of the REX-Osprey Solana + Staking ETF in the United States, which offers spot Solana exposure and staking rewards, as well as the SEC’s approval of Grayscale's Digital Large Cap Fund ETF conversion, both of which have boosted investor sentiment. Additionally, the introduction of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on Solana has contributed to positive market momentum. On-chain activity also showed significant whale movements totaling approximately 2 billion SOL, which has increased trading activity and market discussions, though the direct impact on price remains uncertain.

Currently, Solana is trading at 152.00 USDT on Binance, with a 24-hour trading volume between $4.11 billion and $9.81 billion, and a market capitalization estimated around $82–83 billion. The asset remains in a period of heightened volatility and investor interest, with resistance levels at $159–$165 and key support at $140.