SOL Token Sees $12M ETF Inflows and $33M Volume Amid Price Dip to $147.98

Solana (SOLUSDT) is trading at $147.98 on Binance, reflecting a 2.95% decrease over the past 24 hours from an open of $152.48. The recent price decline follows a period of heightened activity driven by the launch of the REX-Osprey Solana + Staking ETF in the U.S., which generated $12 million in inflows and $33 million in trading volume on its first day, as well as increased institutional purchases and staking activity. While these developments have contributed to positive sentiment and significant investment inflows—totaling $11.4 million recently—short-term profit-taking and market volatility have led to a pullback in SOL’s price. Despite the dip, Solana maintains a strong position with a market capitalization of approximately $79.27 billion, a circulating supply of 534.73 million SOL, and a 24-hour trading volume near $3.32 billion, ranking it among the top cryptocurrencies by market cap.