SOL Holds Strong Above Support After 3.6% Drop Amid $11M Institutional Buy and High Volume

Solana (SOL) is currently trading at $155.81 on Binance, reflecting a 3.59% decline over the past 24 hours with a 24-hour opening price of $161.61 and robust trading volume near $3.29 billion. The recent price drop follows a sharp reversal from a peak of $163, attributed to increased market volatility, significant institutional activity—including Classover Holdings’ $11 million SOL purchase and leveraged positions—and broader market reactions to macroeconomic concerns such as tariff fears. Despite the pullback, Solana has shown resilience above key support levels, supported by strong network activity, notable investments, and continued ecosystem developments, including regulatory partnerships and high trading volumes.