SOL Token Jumps 2.25% on Network Upgrade, Institutional Moves, and Robust Binance Trading Volume

In the last 24 hours, SOLUSDT experienced a 2.25% price increase, rising from 122.10 to 124.85 USDT on Binance, with notable volatility driven by several key factors. The primary drivers of this price movement were Solana's recent network upgrade, which enhanced scalability and throughput, and a large scheduled token unlock that increased market liquidity. Additional impacts came from institutional developments such as Sharps Technology launching a validator with Coinbase and State Street's plans to issue tokenized assets on Solana, signaling growing institutional interest. Market activity also reflected external influences, including U.S. policy news that temporarily pushed prices lower before recovery, and a surge in Solana-based meme coins following social media events. Trading volume remained robust, with Binance reporting over 2.19 million SOL (approximately 269.67 million USDT) traded, and Solana maintaining a top-10 market cap position near $70–72.8 billion, underscoring continued investor engagement amid fluctuating market conditions.