SOL Dips 1.97% Amid $1B Token Launches and Whale Activity, Eyes Key $152 Support

Solana (SOL) is currently priced at $152.93 on Binance, down 1.97% over the past 24 hours from an open of $156.00, with a 24-hour trading volume of approximately $2.87 billion and a market capitalization near $80.73 billion. The recent price decline is primarily attributed to increased market volatility following large-scale token launches such as Pump.fun’s $1 billion event, heightened whale activity leading to notable trading volume spikes, and broader market caution after recent support levels were breached. Despite this short-term correction, the Solana network continues to see strong on-chain activity, ecosystem upgrades, and new project launches, maintaining robust participation and slightly bullish sentiment as traders monitor key resistance at $165 and support at $152.