SOL Token Dips 3.85% Amid SEC ETF Delay, FTX Unlock News, and Institutional Staking Surge

Solana (SOL) is trading at $147.20 on Binance, reflecting a 3.85% decline over the past 24 hours from a 24h open of $153.09. The recent price drop is primarily attributed to ongoing market correction and investor caution ahead of the U.S. SEC’s delayed decision on a potential Solana spot ETF, which has heightened uncertainty and contributed to volatility. Additional factors influencing the price include significant token unlock events, such as the upcoming release of approximately 473,000 SOL by the FTX Estate scheduled for July 7, 2025, and recent large-scale staking activity by institutional players like Galaxy Digital. Despite the short-term decline, Solana maintains robust trading volume and market capitalization, with continued ecosystem development and strong developer engagement supporting long-term interest and activity in the network.