SOL Token Dips 3.47% Amid ETF Buzz, Golden Cross Signals and Solaxy Layer-2 Launch

Solana (SOLUSDT) is trading at $158.96 on Binance, reflecting a 3.47% decline over the past 24 hours from an opening price of $164.68. The recent price drop follows a period of heightened volatility driven by anticipation around a potential Solana spot ETF, with the U.S. SEC requesting revised S-1 filings from issuers and Bloomberg analysts estimating a 90% approval probability in the coming weeks. Despite the short-term pullback, overall sentiment remains bullish due to technical signals such as an impending "golden cross," increased institutional interest, and significant ecosystem developments like the launch of Solaxy, Solana’s first complete Layer-2 project. Trading volume remains robust at approximately $4.66 billion, and the market capitalization stands near $84.11 billion, with investors closely monitoring ETF-related news and technical momentum for further direction.