SOL Token Holds Strong Amid 2.13% Dip as ETF Filings and CME Futures Signal Growing Institutional Interest

Solana (SOL) experienced a 2.13% price decline over the past 24 hours, with the current price at $141.85 on Binance, down from a 24h open of $144.94. The price decrease is primarily attributed to recent profit-taking activity among investors, as reported by multiple sources, following a period of strong gains and amid easing geopolitical risks. Despite this short-term correction, institutional interest remains robust, highlighted by record CME Futures volume and the filing of a Solana ETF application by Invesco and Galaxy Digital. Additionally, the advancement of the Digital Asset Market Clarity Act in the U.S. could impact future ETF approvals and regulatory clarity for Solana. Trading volume remains elevated, and SOL continues to hold a top 10 market cap position, with technical support observed between $126 and $131 and resistance near $150. Overall, the market reflects healthy trading activity, ongoing institutional engagement, and continued development across the Solana ecosystem, despite recent price consolidation.