SOL Holds Strong Liquidity Amid Price Dip, Institutional Demand Rises Ahead of Solaxy Layer-2 Launch

Solana (SOL) is currently trading at $156.61 on Binance, with a 24-hour opening price of $161.48 and a price change of -3.02%, supported by a 24-hour trading volume of over $3.2 billion, indicating continued high liquidity and active investor participation. The recent price decline is primarily attributed to renewed regulatory scrutiny and uncertainty regarding potential Solana-based staking ETFs, as well as a decrease in DeFi activity and DEX volumes; however, institutional demand remains strong, highlighted by significant allocations from major firms and the anticipation surrounding the upcoming Solaxy Layer-2 network launch and the new partnership with Dubai's Virtual Assets Regulatory Authority, both of which are expected to influence future market sentiment and adoption.