Solana's SOL token surged 17% in value over 24 hours, buoyed by growing expectations for a potential Solana ETF, which may be facilitated by a more crypto-friendly regulatory environment under a possible Trump administration. This optimism follows Cboe's filings with the SEC for potential listings from VanEck and 21Shares. As a result, SOL's market cap skyrocketed to over $85 billion, overtaking BNB to become the fourth-largest cryptocurrency, trailing only Bitcoin, Ethereum, and stablecoin USDT. Market analysts predict that SOL may soon flip Ethereum in market cap and could reach $1000 per token. The surge coincided with Trump's leading position in the U.S. election, which many believe could lead to less stringent crypto regulations. Increased trading volumes of over $8.8 billion also highlighted the market's positive momentum, reflecting a bullish sentiment towards SOL and the broader crypto industry amidst political developments.

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