SOL Token Faces 4.32% Dip Amid Whale Moves, ETF Prospects, and Record $13B Stablecoin Growth

Solana (SOL) experienced a 4.32% price decline over the last 24 hours, currently trading at $158.94 according to Binance data. This short-term drop follows significant on-chain activity, including a whale unstaking 1.33 million SOL and depositing 380,000 SOL to exchanges via FalconX, which likely contributed to increased selling pressure. Despite the recent price decrease, Solana’s ecosystem fundamentals remain strong, with notable growth in DeFi activity, stablecoin issuance reaching a record $13 billion, and positive technical signals such as the emergence of a cup-and-handle pattern and a golden cross. Additionally, Solana is under consideration for inclusion in a spot ETF in the United States, with the SEC requesting updated filings and Nasdaq proposing to add SOL to its crypto benchmark. Market sentiment is currently neutral, with a Fear & Greed Index of 72 (Greed), a 24-hour trading volume of $4.8 billion, and Solana maintaining its position as the sixth-largest cryptocurrency by market capitalization.