SOL Token Surges 2% as Firedancer Launch Drives Bullish Breakout, High Volume and ETF Inflows

In the past 24 hours, SOLUSDT experienced a price increase of 2.03%, rising from an open of $123.02 to a current price of $125.52 on Binance. The upward movement is primarily attributed to a combination of technical factors, including a bullish breakout above the $125 mark, strong trading volumes, and positive market sentiment following the launch of new Solana features such as Firedancer, which sparked a 5% rally. Additional support comes from sustained institutional interest, evidenced by a seven-day inflow streak into Solana ETFs and expansion of perpetual markets on the network. Despite a broader market liquidation event totaling $300.86 million and some overbought signals, SOLUSDT maintained key support levels, with active trading and steady volume ($315.81 million for SOL/USDT on Binance) reinforcing its position. Solana's market capitalization is approximately $70.05 billion, with the price range for the past day spanning $122.58 to $126.52 and a 24-hour trading volume of $3.50 billion.