SOL Faces 3.71% Dip Amid Market Volatility, But Institutional Moves Signal Strong Long-Term Growth

Solana (SOL) is currently trading at $160.92 on Binance, with a 24-hour trading volume of approximately $4.16 billion, a circulating supply near 598.6 million SOL, and a market capitalization of about $84.14 billion; the price has declined 3.71% over the past 24 hours, moving from an open of $167.12 and trading in a range between $160.79 and $167.

The recent price decline is attributed to a combination of broader market corrections, ongoing regulatory uncertainty regarding Solana’s security status, and short-term volatility following network updates. Despite these headwinds, institutional interest remains strong, highlighted by Solana Strategies’ $1 billion shelf prospectus filing and the upcoming launch of 24/7 SOL futures by Coinbase, both of which are expected to support liquidity and long-term ecosystem growth.