SOL Token Drops 7.13% Amid Volatility, But Institutional Interest and ETF Hopes Sustain $4.39B Volume

Solana (SOL) experienced a significant price decline of 7.13% over the last 24 hours, with the current price at $146.25 (Binance data), down from a 24-hour open of $157.47. This drop is primarily attributed to ongoing price correction following recent gains, heightened volatility around key support levels, and external factors such as the Pump.fun ban and geopolitical tensions, which have contributed to negative short-term sentiment. Despite the correction, positive developments—including increased bridging activity from Ethereum, growing institutional interest (e.g., MemeStrategy's SOL acquisition), and rising odds of a U.S. SEC-approved Solana ETF—have maintained strong trading volumes and buyer activity, as reflected in a 24-hour volume exceeding $4.39 billion and technical indicators showing net capital inflow and active market participation.