Binance recently made a cryptic post on its X account, simply stating "BNSOL" with the phrase "coming soon." While no official explanation was given, speculation arose that BNSOL could refer to "Binance Staked SOL," possibly a new staking option for Solana (SOL) on Binance. This speculation gained traction after ByBit, another major exchange, announced its own liquid staking token, bbSOL, further suggesting that Binance might be planning a similar product. Solana was trading at $145 at the time of the announcement.

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