SOL Token Dips 2.43% Amid ETF Momentum, $5.3B Volume, and Nasdaq Benchmark Inclusion

Solana (SOL) is trading at $160.31, reflecting a 2.43% decline over the past 24 hours (24h open: $164.30), with a robust trading volume exceeding $5.3 billion and maintaining a top-six global market cap position. The recent price decrease follows a period of heightened volatility driven by significant ETF-related developments, including Nasdaq's addition of SOL to its ETF benchmark index, multiple major institutional ETF filings, and the SEC requesting updated S-1 forms from Solana ETF applicants. While these events have generated strong institutional interest and contributed to previous price rallies, short-term profit-taking and ongoing discussions about liquidity conditions—such as reports of a "$10 billion liquidity drought"—may be contributing to current downward price pressure. Overall, Solana remains a focal point in the market due to its ETF momentum, expanding stablecoin and DeFi activity, and new Layer 2 innovations, despite temporary price fluctuations.