SOL Token Drops 2.8% to $147 Amid SEC ETF Delay and $323M Whale Transfers

Solana (SOL) is currently trading at $147.54 on Binance, reflecting a 2.80% decline over the past 24 hours from a 24h open of $151.79. The recent price drop is attributed to continued regulatory uncertainty following the SEC’s delay of a decision on spot ETF applications, which has led to cautious market sentiment despite ongoing optimism about eventual approval. Large-scale SOL transfers, including a $323 million transaction and significant acquisitions by institutional players such as DeFi Development Corp, have contributed to heightened volatility. Technical factors also played a role, as SOL tested key support levels near $147 amid high trading activity and a 24-hour volume of approximately $3.86 billion. The broader market remains attentive to upcoming SEC comments and Solana’s robust ecosystem growth, but near-term price action is dominated by regulatory developments and profit-taking after recent gains.