Solana (SOL) Surges 2.5% on ETF Launch, $219M Token Transfer, and Emissions Proposal

In the last 24 hours, Solana (SOLUSDT) has risen by 2.52%, with its price currently at $129.54 after opening at $126.35. This positive movement follows notable institutional interest, including $26.2 million in recent ETF inflows and the launch of a Solana-based ETF, as well as a major token transfer of 1.727 million SOL ($219.32 million). Additionally, market attention is focused on a proposal to double Solana's annual disinflation rate, which could further reduce SOL emissions and enhance scarcity, possibly supporting price stability. Despite a broader decrease in on-chain activity and a monthly price drop, Solana maintains substantial trading volume and a strong market capitalization, with the latest 24-hour volume reaching up to $3.60 billion and a circulating supply of about 559.7 million SOL.