SOL Token Dips 6% Amid $106M Whale Move, Yet Holds Strong on Ecosystem Growth and ETF Hopes

Solana (SOL) experienced a 6.01% price decline over the past 24 hours, with the current Binance price at $146.26, down from a 24h open of $155.61. This drop is attributed to recent market volatility, including a significant $106 million whale transfer that raised concerns about potential sell-offs, as well as continued consolidation near key technical support levels and fading memecoin trading activity. Despite these pressures, Solana maintains strong trading volume (approximately $3.35 billion in the last 24 hours) and a robust market position, supported by ongoing ecosystem developments such as the Firedancer validator client, Solaxy Layer-2, and major institutional interest like the Solana Spot ETF filing and large-scale allocations. Overall, SOL remains a leading asset by market cap, with recent price action reflecting broader market uncertainty and heightened investor caution.