SOL Token Sees 3.17% Price Dip as $13M ETF Inflow Signals Strong Institutional Interest

Solana (SOLUSDT) experienced a 3.17% price decline over the past 24 hours, with the current price at $186.72 on Binance, opening at $192.83. The price drop is attributed to a combination of factors, including a decrease in trading volume (down 39.20% from the previous day), investor rotation from Solana meme coins into ETH and other altcoins, and general market volatility following recent highs near $200. Despite this short-term pullback, institutional interest remains strong, highlighted by the $13 million net inflow into the REX-Osprey SOL spot ETF and ongoing ecosystem developments such as new launchpads and treasury activity. Solana maintains a robust market position with a market capitalization near $100 billion, a circulating supply of approximately 540 million SOL, and substantial 24-hour trading volume between $7.69 billion and $8.95 billion.