SOL Token Dips 2.35% Amid Lower Volume Despite ETF Momentum and Ecosystem Growth

Solana (SOLUSDT) declined by 2.35% over the past 24 hours, with the current price at $144.64 and a 24-hour open of $148.12. The price decrease is primarily attributed to a drop in trading volume—down 37% to approximately $3.7 billion—reflecting reduced short-term market activity despite ongoing positive sentiment from ETF developments and institutional interest. Recent news of updated Solana ETF filings by major asset managers, CME’s launch of SOL futures, and strong ecosystem growth have supported overall market confidence, but have not offset the short-term selling pressure and liquidity contraction seen in the last day.

Solana remains fundamentally strong, processing over 48 million daily transactions with sub-second finality and average fees below $0.002. The asset has outperformed major peers over the past week (+12%), buoyed by robust DeFi, NFT, and GameFi activity, though the latest session reflects a temporary pullback amid profit-taking and lower trading volumes.