SOL Token Dips 6.67% Amid Market Volatility, Eyes ETF Approval and $5B DeFi Growth

Solana (SOL) is currently trading at $147.71 on Binance, reflecting a 6.67% decline over the past 24 hours from an opening price of $158.27. The recent price drop is primarily attributed to broader market volatility following significant U.S. tariff announcements, which led to nearly $980 million in crypto liquidations, as well as ongoing geopolitical tensions. Despite this bearish sentiment, Solana has seen renewed interest due to developments around a potential U.S. spot ETF, with Bloomberg Intelligence estimating a 90% probability of approval, and ongoing ecosystem growth including a $5 billion DeFi funding initiative and increased adoption in NFTs and DeFi. Solana maintains a strong market presence, ranking #6 by market capitalization, with a 24-hour trading volume of $6.25 billion and continued active trading across major exchanges.