SOL Maintains Stability with $7B Trading Volume and 3.39% Price Dip

Solana (SOL) is currently trading at $174.76 on Binance, with a 24-hour opening price of $180.90, reflecting a 3.39% decline and a trading volume exceeding $7 billion, maintaining its position as the sixth-largest cryptocurrency by market capitalization. The recent price decrease in the last 24 hours can be attributed to a period of market consolidation following strong gains earlier in May, as well as broader market volatility; despite this, Solana's ecosystem continues to expand with record stablecoin market cap growth, increased DeFi activity, and rising institutional interest, including upcoming SOL ETF plans, all of which support long-term investor confidence.