SOL Sees 4.55% Price Drop Amid Whale Moves, But Trading Volume and DeFi Activity Surge

Solana (SOL) is currently trading at $170.15, with a 24-hour opening price of $178.27 and a price decline of 4.55%. Trading volume surged over 24%, reaching approximately $3.51–$3.53 billion, while market sentiment remains positive with a Greed Index of 68 and a market capitalization of about $91.05 billion. The recent price drop is primarily attributed to a sharp midnight sell-off, likely influenced by institutional investors reducing positions, as well as significant whale activity moving large amounts of SOL. Despite this short-term volatility, Solana continues to see strong ecosystem developments, including integration with major Web3 wallets and increased DeFi liquidity, which have supported overall market interest and activity.