SOL Token Sees 2.3% Dip Amid $89M Whale Move, But DApp Revenue Surges Past Ethereum

Solana (SOLUSDT) experienced a 2.30% price decrease over the past 24 hours, with the current price at $148.82 on Binance. The recent price volatility is attributed to significant whale activity, notably a large transfer of 586,233 SOL (approximately $89 million) to Coinbase, which coincided with a 37% increase in trading volume and heightened selling pressure. Despite the short-term downturn, Solana's network fundamentals remain strong, with Q2 2025 DApp revenue reaching $562 million—surpassing Ethereum and Base combined—and continued growth in active addresses and institutional adoption. Additional positive developments include Robinhood introducing Solana staking, the launch of the REX-Osprey Solana Staking ETF, and new partnerships for stablecoin payments and validator node deployment. As of now, Solana trades around $148.82 with a 24-hour trading volume of approximately $3.57 billion and a market capitalization near $79.76 billion, reflecting ongoing volatility and mixed market sentiment.