SOL Token Holds Strong Amid $4.8B Trading Surge Despite 2.7% Dip and Regulatory Pressures

Solana (SOL) is currently trading at $147.74 on Binance, reflecting a 2.72% decline over the past 24 hours from a 24h open of $151.87. The recent price decrease is primarily attributed to renewed regulatory scrutiny impacting investor sentiment, particularly concerns over potential Solana-based staking ETFs, as well as broader market volatility and a decline in DeFi activity on the Solana network. Despite these headwinds, institutional interest remains strong, highlighted by significant asset inflows and corporate treasury allocations, and Solana continues to hold its position as the sixth-largest cryptocurrency by market capitalization. Over the past day, trading volume has remained robust, with over $4.8 billion in activity, and notable large transactions and wallet movements indicate ongoing engagement from both retail and institutional participants.