SOL Holds Strong After 22% Weekly Surge, $3.16B Volume Signals Ongoing Ecosystem Growth

Solana (SOL) is currently trading at $166.74 with a 24-hour price decrease of 3.20% and a trading volume of $3.16 billion, maintaining a market capitalization of $66.6 billion and ranking #6 among cryptocurrencies. The recent price decline follows a week of strong gains (+22.68%), and comes amid high open interest in futures ($7.5 billion), continued trading above key technical averages, and robust on-chain activity. While SOL’s ecosystem growth—driven by DeFi, NFTs, and a surge in meme coin activity—has attracted both retail and institutional attention, the latest dip appears to be a short-term correction after a strong rally, with technical indicators and speculation around potential ETF developments continuing to support medium-term interest.