SOL Token Surges 2.21% as Solana ETFs Top $1 Billion and Network Advances Boost Confidence

Solana (SOLUSDT) has experienced a 2.21% price increase in the past 24 hours, currently trading at $126.94 according to Binance. The upward movement is attributed to renewed institutional confidence, highlighted by Solana ETFs surpassing the $1 billion mark, technical support holding above $123, and the recent closure of a large short position with a $205,000 profit, which reflects shifting trader sentiment amid ongoing macroeconomic uncertainty related to potential U.S. government policy changes. Recent technical advances and the patching of critical network vulnerabilities have also supported positive sentiment. Over the last day, Solana's price has ranged between $124.20 and $126.94, with varied trading volumes reported, and maintains a market capitalization around $70 billion, ranking it among the top 7 cryptocurrencies by market cap.