Why Is SOL’s Price Up Today?

Solana $SOL is trading around $138.35, up 2.74% in the last 24 hours, mainly due to increased trading activity and positive market sentiment. The 24-hour volume rose 24.69% to $4.94B, showing renewed demand from traders and investors. Rising volume alongside price appreciation usually signals healthy buying pressure rather than short-term volatility.

Another factor supporting SOL is the continued growth of the Solana ecosystem, including expanding activity in DeFi, NFTs, and memecoins, which increases network usage and investor confidence. Solana’s high-speed transactions and low fees make it attractive during periods of higher on-chain activity. With a strong market cap of $78.06B and a stable volume-to-market-cap ratio of 6.31%, today’s price move appears driven by broader market optimism and fundamental ecosystem strength, not speculative spikes.

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