SOL Token Sees 2.11% Dip as REX-Osprey ETF Launch Drives $33M Trading Surge

Solana (SOLUSDT) experienced a 2.11% price decline over the past 24 hours, opening at 151.48 USDT and currently trading at 148.29 USDT on Binance. This price movement comes amid high trading activity, with recent news highlighting the launch of the REX-Osprey Solana + Staking ETF on Cboe, which attracted $33 million in first-day trading volume and $12 million in inflows, signaling strong institutional interest. Despite increased network participation, higher active addresses, and a surge in total value locked, SOL faced resistance in the $152.51 to $154.43 range, leading to short-term selling pressure. Technical analysis indicates the asset is consolidating near a key resistance zone, with market participants awaiting a breakout, while robust fundamentals and institutional developments continue to support a positive medium-term outlook. In the last 24 hours, Solana’s market capitalization is approximately $80.47 billion, with a trading volume near $3 billion and a circulating supply of around 535.57 million SOL.