SOL Rebounds 2.41% as Ecosystem Growth Counters ETF Uncertainty and May Selloff
Solana (SOL) is currently trading at $159.12 with a 24-hour price increase of 2.41% and a trading volume of approximately $3.2 billion, while the market capitalization stands at $83.36 billion. The recent price movement reflects a recovery from earlier declines, which were primarily driven by negative sentiment following U.S. SEC concerns over pending Ethereum and Solana spot ETF launches, resulting in a notable end-of-May selloff and a temporary drop in network activity and open interest. Despite these pressures, Solana’s ecosystem fundamentals remain strong, with continued growth in new wallet addresses and a record stablecoin market cap, supporting ongoing market interest amid short-term caution.
Gm. Woke up. Checked markets.
Saw @dYdX quietly making moves again 👀
→ $2.2M in rewards from Surge S2 heading to 2,800+ traders next week
→ Surge S3 is LIVE, $XRP, $SUI, $KAITO now boosted
→ Governance voting ends today (Proposals #250 & #251)
→ One trims validator count for better efficiency
→ The other expands VIP affiliates
Also:
🔔 Last call for ethDYDX holders
64M+ tokens still unbridged. You lose staking rights after June 9. Migrate now.
Every week, dYdX feels more like a serious DEX, not just for traders, but for real governance builders too.
→