SOL Token Dips 2.8% Amid Market Consolidation After REX-Osprey Solana Staking ETF Launch

Solana (SOL/USDT) experienced a 2.80% price decline over the past 24 hours, with the current price on Binance at 146.52 USDT. This short-term decrease is attributed to market consolidation following the recent launch of the REX-Osprey Solana Staking ETF (SSK) in the United States, which initially drove institutional interest and trading activity but has since led to profit-taking and reduced momentum. Technical resistance near the 155–156 USDT level and a general decrease in trading volume have contributed to the pullback, despite ongoing positive sentiment from increased wallet activity and significant USDC minting on the Solana blockchain. The market remains active, with a 24-hour trading volume of 341 million USDT on Binance and Solana maintaining a leading position among top cryptocurrencies by market capitalization.